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Page 1
                   2025
         L A P O R A N TA H U N A N
                      Annual Report




     RISING TO
THE
    NEXT LEVEL
        PT Bakrieland Development Tbk
Page 2
Penjelasan Tema
Theme Explanation




                                                                                              2025

                                                                                              RISING
                                                                                              TO THE
                                                                                              NEXT
                                                                                              LEVEL


Tahun 2025 merupakan tahun yang penting bagi Bakrieland karena                The year 2025 was an important year for Bakrieland, as the Company
Perseroan berhasil membukukan kinerja yang baik di tengah tantangan           successfully recorded solid performance amid macroeconomic challenges
dan ketidakpastian perekonomian makro. Pencapaian ini mencerminkan            and uncertainties. This achievement reflects a strong and consistent
komitmen yang kuat dan konsisten dalam meningkatkan kinerja,                  commitment to enhancing performance, strengthening its foundations,
memperkuat fondasi, serta menciptakan nilai tambah yang lebih besar           and creating greater added value for stakeholders. Through resilience and
bagi para pemangku kepentingan. Melalui ketangguhan dan fokus strategis,      strategic focus, the Company was able to navigate a dynamic business
Perseroan mampu menghadapi dinamika lingkungan usaha sekaligus                environment while sustaining steady growth.
mempertahankan pertumbuhan yang berkelanjutan.

Sepanjang tahun 2025, Perseroan mencatat perbaikan dalam berbagai             Throughout 2025, the Company recorded improvements across various
indikator operasional dan keuangan utama, yang didorong oleh pelaksanaan      key operational and financial indicators, driven by more effective project
proyek yang lebih efektif, pengelolaan biaya yang lebih ketat, serta          execution, tighter cost management, and a more effective marketing
pendekatan pemasaran yang lebih efektif. Perseroan berada pada posisi         approach. The Company is well-positioned to further enhance its
yang baik untuk terus meningkatkan kinerjanya di tahun-tahun mendatang.       performance in the years ahead. Improved operational efficiency and a
Peningkatan efisiensi operasional dan strategi pemasaran yang dirancang       well-designed marketing strategy provide a strong foundation for future
secara matang menjadi landasan yang kokoh bagi ekspansi dan inovasi           expansion and innovation. By leveraging its experience, upholding good
di masa datang. Dengan memanfaatkan pengalaman yang dimiliki,                 corporate governance practices, and implementing forward-looking
menjunjung tinggi praktik tata kelola yang baik, serta menjalankan strategi   strategies, the Company remains optimistic about achieving better results,
yang berorientasi ke depan, Perseroan optimis mampu mencapai hasil            stronger growth, and greater value creation for its stakeholders.
yang lebih baik, pertumbuhan yang lebih kuat serta meningkatkan nilai bagi
pemangku kepentingan.
Page 3
                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




www.bakrieland.com                                             PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                    1
Page 4
       Kilas Kinerja           Laporan Manajemen       Profil Perusahaan               Unit Pendukung Bisnis
    Performance Highlights       Management Report        Company Profile                 Business Support Unit




    Daftar Isi
    Table of Contents


                                                     Struktur Organisasi                          37
                                                     Organizational Structure
                                                     Keanggotaan dalam Asosiasi                  38

                                         01                                                                                                  04
                                                     Membership in Associations
                                                     Perubahan Organisasi yang Bersifat          39
                                                     Signifikan
                                                     Significant Changes in the Organization
                                                     Perubahan Komposisi Anggota Dewan           39
                                                     Komisaris dan Direksi selama 2025
    Kilas Kinerja                               4    Changes in the Composition of
                                                     Members of the Board
                                                                                                           Unit Pendukung Bisnis                      80
    Performance Highlights                           of Commissioners and the Board of                     Management Report
                                                     Directors During 2025
    Berkelanjutan Secara Ekonomi                6                                                          Sumber Daya Manusia                       82
    Financially Sustainable
                                                     Profil Dewan Komisaris                      40        Human Resources Development
                                                     Profile of the Board of Commissioners
    Hijau Secara Menyeluruh                     8                                                          Teknologi Informasi                       92
    Green Through and Through
                                                     Profil Direksi                              43        Information Technology
                                                     Board of Directors Profile
    Tentang Manusianya                         10
                                                                                                           Corporate Affairs                         96
                                                     Nama Pemegang Saham Utama dan               49        Corporate Affairs
    It’s about the People                            Pengendalian dengan Presentase
                                                     Kepemilikan
    Praktik Usaha Terbaik dan Kepatuhan        11    Name of Major and Controlling
    Adopting Best Practices and
    Compliances                                      Shareholder
                                                     with Percentage of Ownership
    Ikhtisar Keuangan                          15

                                                                                                                                              05
    Financial Highlights
                                                     Kepemilikan Saham oleh Dewan                 51
                                                     Komisaris dan Direksi
    Ikhtisar Bisnis                            17    Share Ownership by the Board of
    Business Highlights                              Commissioners
                                                     and the Board of Directors
    Ikhtisar Kinerja Saham                     18
    Stock Performance Highlights                     Kronologi Pencatatan Saham                   51
                                                     Chronology of Stock Listing
    Peristiwa Penting 2025                    20
    Temporary Suspension Of Stock                    Kronologis Penerbitan Efek Lainnya          52        Analisis dan                              100
                                                     Chronology of Issuance of Other
    Trading and/or Delisting of Shares
                                                     Securities                                            Pembahasan
                                                     Kantor Akuntan Publik                       52        Manajemen
                                                     Public Accounting Firm                                Management Discussion and
                                                     Lembaga Profesi Penunjang Pasar             53        Analysis
                                                     Modal                                                 Tinjauan Operasional                      102

                                         02
                                                     Capital Market Supporting Professional                Operational Review
                                                     Institutions
                                                                                                           Tinjauan Keuangan                         120
                                                     Informasi Situs Web Perseroan               54        Financial Review
                                                     Information on Company Website
                                                                                                           Struktur Modal dan Kebijakan Struktur     126
                                                                                                           Modal
                                                                                                           Capital Structure
    Profil Perusahaan                          22                                                          Ikatan Material Untuk Investasi Barang    127
    Corporate Profile                                                                                      Modal


                                                                                        03
                                                                                                           Material commitments for Investment
    Data Perusahaan                            24                                                          in Capital Goods
    Company Data                                                                                           Investasi Barang Modal yang               127
    Sejarah Perusahaan                         26                                                          Direalisasikan pada Tahun Buku
    Company History                                                                                        Terakhir
                                                                                                           Investment in Capital Goods Realized
    Jejak Langkah                              28                                                          in The Last Financial Year
    Milestone
                                                     Laporan Manajemen                           56
                                                                                                           Prospek Usaha                             128
    Visi, Misi, Nilai dan Budaya Perusahaan    32    Management Report                                     Business Outlook
    Vision, Mission, Values and Corporate
    Culture                                                                                                Aspek Pemasaran                           130
                                                     Laporan Dewan Komisaris                     58        Marketing Aspect
    Bidang Usaha                               33    Board of Commissioner Report
    Type of Business                                                                                       Kebijakan Dividen                         131
                                                     Laporan Direksi                             66        Dividend Policy
    Wilayah Operasional                        34    The Board of Directors Report
    Areas of Operation                                                                                     Realisasi Penggunaan Dana Hasil           131
                                                                                                           Penawaran Umum
    Struktur Perusahaan                        36                                                          Application of Public Offering Proceeds
    Company Structure




2      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                           www.bakrieland.com
Page 5
                                                                                  Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                               Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                               Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                                                                      Daftar Isi
                                                                                                                                 Table of Contents




Informasi Material Mengenai Investasi,   131     Penilaian Komite Di Bawah Dewan           172
Ekspansi, Divestasi, Penggabungan/               Komisaris
PeleburanUsaha, Akuisisi,                        Assessment of Committees Under The



                                                                                                                                            07
Restrukturisasi Utang/Modal, dan                 Board of Commissioners
Transaksi Afiliasi
Material Information Regarding
                                                 Komisaris Independen                      172
                                                 Independent Commissioner
Investments, Expansions,
Divestments, Business Merger/                    Direksi                                  174
Consolidation, Aquisitions, Debt/                Board of Directors
Capital Restructuring, and Affiliate             Penilaian Kinerja Dewan Komisaris        180
Transactions                                     Dan Direksi
                                                 Performance Assessment of the Board
                                                                                                       Tanggung Jawab                              232
Informasi Transaksi Material yang        131
Mengandung Benturan                              of Commissioners and the Board of                     Sosial Perusahaan/
Kepentingan dan/atau Transaksi                   Directors
Dengan Pihak Afiliasi/                           Kebijakan Remunerasi Dewan                181
                                                                                                       Laporan Berkelanjutan
Pihak Berelasi                                   Komisaris dan Direksi                                 Corporate Social Responsibility/
Information on Material Transactions             Remuneration Policy for the Board                     Sustainable Report
With Conflicts of Interest and/or                of Commissioners and the Board of
Transactions With Affiliates/Related             Directors                                             Strategi Keberlanjutan                      234
Parties                                                                                                Sustainability Strategy
                                                 Hubungan Afiliasi                        182
Perubahan Kebijakan Akuntansi            134     Affiliation                                           Kilas Kinerja Strategi Keberlanjutan        236
Change in Accounting Policy                                                                            Performance Highlights of
                                                 Komite di Bawah Dewan Komisaris           183         Sustainability Strategy
                                                 Committees Under The Board of
                                                 Commissioner                                          Fokus Praktik Keberlanjutan Tahun           236
                                                                                                       2024
                                                 Komite Audit                              183         Focus of Sustainability Practices in 2024
                                                 Audit Committee



                                        06
                                                 Komite Nominasi dan Remunerasi           194          Nilai Keberlanjutan                         237
                                                 Nomination and Remuneration                           Sustainability Values
                                                 Committee                                             Tata Kelola Keberlanjutan                   238
                                                                                                       Sustainability Governance
                                                 Sekretaris Perusahaan                    202
                                                 Corporate Secretary                                   Kinerja Keberlanjutan                       242
                                                                                                       Sustainability Performance
                                                 Akses Informasi Publik                   208
Laporan Tata Kelola                      136     Public Access to Information                          Rencana Pengembangan Praktik                255
                                                                                                       Keberlanjutan
                                                 Hubungan Investor                        208
Perusahaan                                       Investor Relations                                    Development Plans on Sustainability
                                                                                                       Practices
Corporate Governance Report                      Unit Audit Internal                      209
                                                 Internal Audit Unit                                   Surat Pernyataan Dewan Komisaris            269
                                                                                                       dan Direksi
Penerapan Tata Kelola Yang Baik          140     Sistem Pengendalian Internal              213         Statement from the Board of
Untuk Mendukung Pencapaian Tujuan                Internal Control System
Pembangunan Berkelanjutan (TPB)                                                                        Commissioners and the Board of
Good Corporate Governance                        Sistem Manajemen Risiko                   216         Directors
                                                 Risk Management System
Implementation To Support The                                                                          Referensi SEOJK                             270
Achievement of Sustainable                       Program Kepemilikan Saham Dewan          225          Nomor 16 SEOJK.04/2021:
Development Goals (SDGS)                         Komisaris dan Direksi                                 Laporan Tahunan Emiten atau
                                                 Shares Ownership Program of The                       Perusahaan Publik
Landasan Hukum                           141     Board of Commisioners and The Board                   SEOJK No. 16/SEOJK.04/2021: Annual
Legal Basis
                                                 of Directors                                          Report of Public Company
Prinsip-Prinsip Praktik GCG              141
Principles of GCG Practices                      Pemberian Kompensasi Jangka              225          Indeks POJK 51/2017                         294
                                                 Panjang                                               POJK 51/2017 Index
Infrastruktur Praktik GCG                145     Provision of Long-Term Compensation
Infrastructure of GCG Practices
                                                 Pedoman Perilaku dan Kode Etik           225
Struktur GCG                             146     Code of Conduct and Code of Ethics
GCG Structure
                                                 Kebijakan Anti korupsi                   227
Penerapan Atas Pedoman Tata Kelola       146

                                                                                                                                           08
                                                 Anti-Coruption Policy
Perseroan Terbuka
Implementation of Governance                     Kebijakan Benturan Kepentingan           228
Guidelines of Public Companies                   Policy on Conflict of Interest

Rapat Umum Pemegang Saham                161     Sistem Pelaporan Pelanggaran             228
(RUPS)                                           Violation Reporting System
General Meeting of Shareholders
(GMS)
                                                                                                       Laporan Keuangan                            298
Dewan Komisaris                          168                                                           Financial Statements
Board of Commissioners

                                                                                                       Formulir Umpan
                                                                                                       Balik Laporan Terintegrasi
                                                                                                       Bakrieland Tahun 2025
                                                                                                       Feedback Form
                                                                                                       Bakrieland Integrated Report FY2025


www.bakrieland.com                                                     PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                         3
Page 6

          
Page 7
Kilas Kinerja
        Performance Highlights

Bakrieland • Laporan Tahunan 2025 Annual Report
Page 8
             Kilas Kinerja                      Laporan Manajemen                   Profil Perusahaan              Unit Pendukung Bisnis
          Performance Highlights                   Management Report                  Company Profile                  Business Support Unit




    Berkelanjutan Secara
    Ekonomi
    Financially Sustainable
    Memberikan manfaat jangka panjang bagi para pemangku kepentingan melalui aktivitas
    operasional dan layanan dalam desain, konstruksi, dan bisnis properti.
    Delivering long-term benefits to stakeholders through operational and service
    activities in design, construction, and property business.




                           Pendapatan                                                                                       Proporsi Pendapatan
                           Revenue                              Milliar | Billion                                           Proportion of Revenues




                                   1.426
                                                                                                        Pendapatan tidak berulang              Pendapatan berulang
                            Rp.                                                                         Non-Recurring Revenue                  Recurring revenue
         2025

                                                                                                                        13                               87
                                                                Milliar | Billion
                                                                                                        2025                                   2025
                                                                                                                                   %                                  %
         2024                            Rp. 1.227Milliar | Billion
                                                                                                        2024                12 %               2024          88 %
         2023                           Rp. 1.273 M illiar | Billion                                    2023                22 %               2023          78 %


                           Rasio utang* terhadap Ekuitas                                                                  Liabilitas
                           Debt* to Equity Ratio                                                                          Liabilities




                                      0,13                                                                                    2.635
                                                                                                                       Rp.
         2025                                                                                           2025
                                                                  Kali | Times                                                                                Milliar | Billion



         2024                                            0,13     Kali | Times                          2024                              Rp. 2.718 Milliar | Billion

         2023                                            0,11     Kali | Times                          2023                            Rp. 2.508 Milliar | Billion



                     Utang*                                                         EBITDA                                                     Ekuitas
                     Debt*                                                          EBITDA                                                     Equity



      2025 Rp.         800           Milliar | Billion
                                                             2025 Rp.                 236          Milliar | Billion
                                                                                                                              2025 Rp.         6.003               Milliar | Billion



                           804                                                             173                                                       6.024
                     Rp.                                                             Rp.                                                       Rp.
      2024                           Milliar | Billion       2024                                  Milliar | Billion           2024                                Milliar | Billion



                            676                                                            168                                                         6.131
                      Rp.                                                           Rp.                                                          Rp.
      2023                           Milliar | Billion       2023                                  Milliar | Billion           2023                                Milliar | Billion



    * Utang Bank, Pembiayaan Musyarakah
      dan Pinjaman dari Pihak selain Bank
      Bank debt, musyarakah financing, and
      non-bank loan




6      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                                 www.bakrieland.com
Page 9
                                                                                                       Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                             Tata Kelola Perusahaan                          Laporan Berkelanjutan
      Pembahasan Manajemen
                                                             Good Corporate Governance                         Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                                    Sustainable Report




                                                                                                                    Berkelanjutan Secara Ekonomi
                                                                                                                                                    Financially Sustainable




                             Melakukan investasi pada proyek yang berpotensi besar dan area baru.
                           Konsumsi
                            Invest in highlyListrik
                                             potential projects and in new areas.
                           Electricity Consumption


   2025                                                    2024                                             2023
   • Melakukan penjualan atas proyek rumah                 • Menjalankan pekerjaan tahap awal 6 Ha          • Peningkatan kinerja segmen pendapatan berulang melalui
     cluster Sayana Bogor, cluster Veranda                   dari total area 22 Ha proyek perumahan           peningkatan layanan dan promosi serta peluncuran produk baru,
     Sidoarjo, dan Bumi Pakuan Bogor                         Kahuripan Nirwana sektor 2.2                     peremajaan dan penambahan fasilitas yang diantaranya taman
   • Pembukaan taman rekreasi Jungle Sea di                • Menyelesaikan penjualan untuk Bumi Pakuan        rekreasi Rivera Outbound & Edutainment, wahana Jungle Beach di
     Kalianda Nirwana Resort                                 Tahap 1 di area Bogor                            The Jungle Waterpark Bogor, Bagus Beach Walk di Kalianda Nirwana
   • Menambah fasilitas lifestyle di berbagai              • Melakukan pemasaran atas proyek cluster          Lampung, tipe kamar Executive di The Grove Suites Hotel Jakarta
     kawasan                                                 rumah Sayana Bogor                               dan The Alana Malioboro Hotel Yogyakarta.
   • Menambah wahana di taman rekreasi the                 • Progres konstruksi atas proyek Jungle Sea di   • Perseroan melanjutkan pengembangan serta perencanaan
     Jungle Waterpark dan Rivera Outbound &                  Kalianda Nirwana Resort, Lampung.                pengembangan cluster baru properti hunian di Sidoarjo dan Bogor.
     Edutainment                                           • Conducted the initial phase of the Kahuripan   • Improvement in recurring income segment performance through
   • Sales of the Sayana Bogor cluster, the Veranda          Nirwana sector 2.2 housing project, 6 Ha         enhancing services and promotions as well as launching of new
     Sidoarjo cluster, and Bumi Pakuan Bogor                 from the total 22 Ha development area            products, rejuvenating and adding facilities, among others, the
     housing projects                                      • Completed the sale of Bumi Pakuan Stage 1        Rivera Outbound & Edutainment, Jungle Beach rides at The Jungle
   • Opening of the Jungle Sea recreation park at            in the Bogor area                                Waterpark Bogor, Bagus Beach Walk at Krakatoa Nirwana Lampung,
     Kalianda Nirwana Resort                               • Construction progress on the JungleSea           Executive room types at The Grove Suites Hotel Jakarta and The
   • Adding lifestyle facilities in various areas of the     project in Kalianda Nirwana Resort,              Alana Malioboro Hotel Yogyakarta.
     Company’s properties                                    Lampung                                        • The Company continued with development as well as
   • Adding rides to the Jungle Waterpark and Rivera       • Carried out the marketing of the Sayana          development plans of the new residential property cluster in
     Outbound & Edutainment recreation parks                 Bogor housing cluster project.                   Sidoardjo and Bogor.




                            Berkontribusi kepada pengembangan ekonomi lokal dan memberikan
                            manfaat positif
                           Konsumsi         bagi karyawan, komunitas, dan mitra usaha.
                                      Listrik
                             Contributing
                           Electricity    to local economic development and provide positive benefits to employees,
                                       Consumption
                             community and business partners.



   2025                                                                                      2025
   Total nilai pengadaan untuk barang dan jasa                                               Kompensasi, benefit dan pajak penghasilan
   yang dibeli dari pemasok lokal di Jakarta,                                                atas 7.984 karyawan sepanjang 2024 yang
   Bogor, Lampung, Sidoarjo, dan Yogyakarta.                                                 berpotensi untuk disalurkan ke masyarakat
   Billion in total value for the procurement of goods and                                   lokal.
   services purchased from local suppliers in Jakarta, Bogor,                                Compensation,benefits and income tax of 7,984 employees
   Lampung, Sidoarjo, and Yogyakarta.                                                        during the year 2024 are potentially feasible for distribution



                                    60,8                                                                                              652
                                                                                             to local communities.
                            Rp.                                                                                                Rp.
                                                                    Milliar | Billion                                                                        Milliar | Billion



   2024                                    Rp. 50,6 Milliar | Billion                        2024                                         Rp. 569 Milliar | Billion
   Total nilai pengadaan untuk barang dan jasa yang dibeli dari pemasok                      Kompensasi, benefit dan pajak penghasilan atas 7.279 karyawan sepanjang
   lokal di Jakarta, Bogor, Lampung, Sidoarjo, dan Yogyakarta.                               2024 yang berpotensi untuk disalurkan ke masyarakat lokal.
   Billion in total value for the procurement of goods and services purchased                Compensation,benefits and income tax of 7,279 employees during the year 2024
   from local suppliers in Jakarta, Bogor, Lampung, Sidoarjo, and Yogyakarta.                are potentially feasible for distribution to local communities.




   2023                                    Rp. 59,3 Milliar | Billion                        2023                                         Rp. 502 Milliar | Billion
   Total nilai pengadaan untuk barang dan jasa yang dibeli dari pemasok                      Kompensasi, benefit dan pajak penghasilan atas 7.063 karyawan sepanjang
   lokal di Jakarta, Bogor, Lampung, Sidoarjo, dan Yogyakarta.                               2023 yang berpotensi untuk disalurkan ke masyarakat lokal.
   Billion in total value for the procurement of goods and services purchased                Compensation, benefits, and income tax of 7,603 employees during the year 2023
   from local suppliers in Jakarta, Bogor, Lampung, Sidoarjo, and Yogyakarta.                were potentially distributed to local communities.




www.bakrieland.com                                                                      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                                                 7
Page 10
             Kilas Kinerja                  Laporan Manajemen            Profil Perusahaan          Unit Pendukung Bisnis
          Performance Highlights             Management Report             Company Profile            Business Support Unit




    Hijau Secara Menyeluruh
    Green Through and Through


    Menghargai alam sejak tahap konsep desain,
    konstruksi, sampai dengan proyek operasional kami
    Respecting nature from the initial stage in our projects’
    design concept, construction, up to operation.




                               Realisasi Nursery                                                           Menerapkan pengelolaan
                               Tanaman                                                                      Konsumsi
                                                                                                           limbah      Listrik
                                                                                                                  yang efektif.
                                                                                                           Implementing   effective waste
                                                                                                            Electricity Consumption
                               Total Realization for Plant Nursery
                                                                                                           management.




                                         213
                                   Rp.
         2025
                                                       Juta | Millions
                                                                                             Jumlah Limbah
                                                                                             Total Waste
         2024                                220
                                                                                                            641.919
                                     Rp.               Juta | Millions


                                                                                             2025
         2023                        Rp.     546       Juta | Millions                                                                              Kg



                                                                                             2024                              548.171              Kg




                               Total Konsumsi Air                                            2023                             547.178               Kg

                               Total Water Consumption



         2025                        337                 Juta Liter
                                                         Million Liter
                                                                                                           Meningkatkan efisiensi energi
         2024                               284          Juta Liter
                                                         Million Liter
                                                                                                           pada semua operasi dan
                                                                                                           mengendalikan jejak karbon.
                                                                                                            Konsumsi  energyListrik
         2023                                348         Juta Liter
                                                         Million Liter
                                                                                                           Improved
                                                                                                            Electricity and
                                                                                                           operations
                                                                                                                              efficiency in all
                                                                                                                        Consumption
                                                                                                                            controlled carbon
                                                                                                           footprints.



                               Penanaman
                                                                                             Konsumsi Listrik
                               Pohon Bakau                                                   Electricity Consumption


                                                                                                                              54
                               Mangrove Tree Planted



                          16.522
                                                                                             2025                                           Juta kWh

         2025                                                 Pohon
                                                                                                                                            Million kWh

                                                              Trees
                                                                                             2024                                  50       Juta kWh
                                                                                                                                            Million kWh
         2024                              16.389             Pohon
                                                              Trees


         2023                              14.289             Pohon
                                                                                             2023                                   55      Juta kWh
                                                                                                                                            Million kWh
                                                              Trees




8      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                              www.bakrieland.com
Page 11
                                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                       Tata Kelola Perusahaan                      Laporan Berkelanjutan
     Pembahasan Manajemen
                                                       Good Corporate Governance                     Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                          Sustainable Report




                                                                                                                      Hijau Secara Menyeluruh
                                                                                                                                    Green Through and Through




                         Melindungi keanekaragaman hayati di mana pun kami beroperasi.
                       Konsumsi       Listrik wherever we operate.
                        Protecting of biodiversity
                       Electricity Consumption


         Estimasi kontribusi Perseroan mengurangi potensi emisi
         Estimated Company’s contribution to reducing potential emission


         2025                112,0
                                Juta kg CO2 | Million kg CO2
                                                                  2024                   108,3
                                                                              Juta kg CO2 | Million kg CO2
                                                                                                                 2023                     100,9
                                                                                                                                Juta kg CO2 | Million kg CO2




         Jenis tumbuhan prioritas di area operasi Perseroan
         Types of prioritized plant species in the Company’s operational areas


         2025                             70  Pohon | Trees
                                                                  2024                           70
                                                                                            Pohon | Trees
                                                                                                                 2024                              70
                                                                                                                                              Pohon | Trees




         Pohon ditanam di area operasional Perseroan
         Trees planted in the Company’s operational areas


         2025          82.899            Pohon | Trees
                                                                  2024              82.395
                                                                                            Pohon | Trees
                                                                                                                 2024                   81.773
                                                                                                                                              Pohon | Trees




                         Berbagi eco-awareness di rantai pasokan Perusahaan.
                         Sharing eco-awareness in the Company’s supply chain.




     2025                                                         2024
     480 pemasok atau 86%                                         463 pemasok atau 90% dari total pemasok telah
                                                                  menerapkan standar lingkungan baik nasional dan
     dari total pemasok telah
                                                                  internasional.
     menerapkan standar                                           463 suppliers or 90% of total suppliers, have applied both
     lingkungan baik nasional                                     national and international environmental standards.
     dan internasional                                            2023
     480 suppliers or 86% of total
     suppliers, have applied both national                        465 pemasok atau 87% dari total pemasok telah
     and international environment                                menerapkan
     standars.                                                    standar lingkungan baik nasional dan internasional.
                                                                  465 or 87% of suppliers implement both national
                                                                  and international environmental standards.




www.bakrieland.com                                                            PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                                9
Page 12
              Kilas Kinerja               Laporan Manajemen         Profil Perusahaan      Unit Pendukung Bisnis
           Performance Highlights          Management Report          Company Profile        Business Support Unit




     Tentang Manusianya
     It's All About the People


     Menyediakan pengalaman kerja yang adil, setara, saling menghargai, dan aman.
     Providing fair, equal, respectful, and safe work experience.


                                                                                                 2025            2024           2023


                                                                                                                0
                                        Kenihilan insiden terkait pelaksanaan
                                        praktik ketenagakerjaan di
                                        Perseroan.
                                        Zero incidents related to the implementation of
                                        labor practices in the Company.                               Jumlah Kejadian | Total Incident




               Melaksanakan perbaikan berkesinambungan demi mencapai service excellence.
               Carrying out continuous improvement to achieve service excellence.


                                                                                            % tingkat respons | % of response level
          Konsisten menjaga level respon tinggi
          pada masukan dan keluhan pelanggan                                     2025                    2024                         2023

                                                                         100% 99,91 %
          Consistently maintain a high response level to
          customer feedback and complaints                                                                                       99,96 %




               Perseroan meyakini bahwa dalam mewujudkan pencapaian bisnis yang berkelanjutan
               harus bersamaan dengan terciptanya masyarakat yang mandiri dan sejahtera
               The Company believes that manifesting sustainable business achievements must go together with establishing an
               independent and prosperous society.


                                                                                                            Miliar | Billion
          Jumlah realisasi untuk program dan
          aktivitas pengembangan komunitas
                                                                                        2025
                                                                                                             2024                        2023
          Total realization for community development
          programs and activities                                                  1,66                       1,73                        1,29

                                                                                            Jumlah penerima manfaat | Total beneficiaries
          Penerima manfaat program dan
          aktivitas pengembangan komunitas
                                                                                    2025
                                                                                                             2024                        2023

                                                                         21,480 25.845
          Recipients of benefits from the community
          development programs and activities                                                                                            20.176




10       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                           www.bakrieland.com
Page 13
                                                                                        Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                Tata Kelola Perusahaan                        Laporan Berkelanjutan
     Pembahasan Manajemen
                                                Good Corporate Governance                      Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




Praktik Usaha Terbaik
dan Kepatuhan
Adopting Best Practices and Compliance

     Kepatuhan penuh terhadap                                                Kepatuhan terhadap semua hukum dan
                                                                             peraturan.
     peraturan seluruh perundang-                                            Compliance with laws and regulations.
     undangan yang berlaku.
                                                                                  2025            2024            2023
     Full compliance with all applicable laws and


                                                                                      100%
     regulations.




                       Menegakan integritas, transparansi, dan kejujuran dalam melakukan bisnis.
                        Konsumsi
                       Upholding         Listrik
                                   integrity, transparency, and honesty in conducting business.
                        Electricity Consumption



      2025                                                      2024                                             2023
      •    Memastikan seluruh proses bisnis                     Menyelaraskan implementasi penegakan             Menyempurnakan implementasi prinsip
                                                                integritas, transparansi, dan kejujuran          responsibilitas dalam penyelesaian dan
           dilaksanakan sesuai dengan ketentuan
                                                                dengan perkembangan etika dalam                  penyampaian laporan keuangan dan
           peraturan perundang-undangan yang                    dunia bisnis serta berupaya menjaga              laporan kepada regulator serta berupaya
           berlaku serta standar nasional yang                  konsistensi Prinsip responsibilitas dalam        maksimal dalam koordinasi menjalankan
           relevan. Kepatuhan terhadap regulasi                 penyelesaian dan penyampaian laporan             praktik-praktik bisnis sesuai dengan tata
           tersebut menjadi landasan utama dalam                keuangan dan laporan kepada regulator            kelola yang baik dengan para pemangku
                                                                Aligning the implementation of                   kepentingan
           setiap pengambilan keputusan dan
                                                                upholding integrity, transparency, and           Refined the implementation of the
           pelaksanaan operasional Perseroan.                   honesty with ethical development in              principle of responsibility in completing and
      •    Menjamin penerapan prinsip keterbukaan               business as well as taking efforts to            submitting the financial reports and reports
           melalui penyediaan dan ketersediaan                  maintain consistency in the principle            to the regulator as well as maximized
           informasi yang akurat, lengkap, dan tepat            of responsibility in completing and              efforts in coordinating the implementation
                                                                submitting financial reports and reports         of business practices in accordance with
           waktu bagi publik dan regulator, sesuai
                                                                to regulators.                                   good governance with the stakeholders.
           dengan ketentuan yang berlaku. Upaya ini
           dilakukan guna memperkuat kepercayaan
           pemangku kepentingan serta mendukung
           penerapan tata kelola perusahaan yang
           baik secara berkelanjutan.
      •    Ensuring that all business processes are
           carried out in accordance with applicable
           laws and regulations and relevant national
           standards. Compliance with these
           regulations is the primary foundation
           for all decision-making and operational
           implementation of the Company.
      •    Ensuring the implementation of the
           principle of transparency by providing
           and making available accurate, complete,
           and timely information to the public and
           regulators, in accordance with applicable
           regulations. This effort is undertaken to
           strengthen stakeholder trust and support
           the sustainable implementation of good
           corporate governance.




www.bakrieland.com                                                      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
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             Kilas Kinerja                  Laporan Manajemen               Profil Perusahaan             Unit Pendukung Bisnis
          Performance Highlights                  Management Report            Company Profile              Business Support Unit




     Praktik Usaha Terbaik dan Kepatuhan
     Adopting Best Practices and Compliance




                               Melakukan mekanisme badan pengendalian internal untuk penguatan
                             Konsumsi
                              manajemenListrik
                                        risiko dan tindakan pencegahan.
                               Implement
                             Electricity   internal control unit mechanism to strengthen risk management and preventive measures
                                         Consumption



          2025                                                        2024                                               2023


          9           pedoman
                      guidance

          • Menyusun 2 kebijakan baru untuk
                                                                      9     pedoman
                                                                            guidance

                                                                      • Memperbaharui 4 kebijakan dan 2
                                                                        prosedur guna menyesuaikan ketentuan
                                                                                                                         1    pedoman
                                                                                                                              guidance

                                                                                                                         1 kebijakan diperbaharui guna
                                                                                                                         menyesuaikan ketentuan internal dengan
            memenuhi kebutuhan terhadap
                                                                        internal dengan adanya perubahan dalam           adanya perubahan dalam organisasi.
            perkembangan bisnis Perusahaan                              organisasi.                                      Updated 1 policy to conform with
          • Memperbaharui 3 kebijakan dan 4                           • Menyusun 3 kebijakan baru dibuat                 internal provisions due to organizational
            prosedur guna menyesuaikan kebutuhan                        untuk memenuhi kebutuhan terhadap                changes.
                                                                        perkembangan bisnis Perusahaan.
            bisnis Perusahaan
                                                                      • Updated 4 policies and 2 procedures to
          • Developed 2 new policies to meet                            conform with internal provisions due to
            the needs of the Company’s business                         organizational changes.
            development                                               • Prepared 3 new policies to meet the needs
                                                                        of the Company’s business development.
          • Updated 3 policies and 4 procedures to
            align with business needs



          2025                                                        2024                                               2023


                3,2                     Miliar
                                        Billion


          Perseroan telah merealisasikan sebesar
                                                                      3,5           Miliar
                                                                                    Billion



                                                                      Perseroan telah merealisasikan sebesar
                                                                                                                         3,5             Miliar
                                                                                                                                         Billion



                                                                                                                         Perseroan telah merealisasikan sebesar
                                                                      Rp3,5 miliar untuk mengantisipasi dan              Rp3,5 miliar untuk mengantisipasi dan
          Rp 3,2 miliar untuk mengantisipasi dan
                                                                      menyelesaikan 960 kejadian terkait                 menyelesaikan 709 kejadian terkait
          menyelesaikan 662 kejadian terkait                          pelanggan                                          pelanggan
          pelanggan.                                                  The Company actualized a total of Rp3,5            The Company actualized a total of Rp3,5
          The Company actualized a total                              bilion to anticipate and complete 960              bilion to anticipate and complete 709
                                                                      incidents related to customers                     incidents related to customers
          of Rp3,2 bilion to anticipate and complete 662
          incidents related to customers




          2025                                                        2024                                               2023


          0            Kematian
                       Fatalities
                                                                      0       Kematian
                                                                              Fatalities                                 0          Kematian
                                                                                                                                    Fatalities



          56 insiden berat, 314 insiden ringan, dan                   59 insiden berat, 439 insiden                      38 insiden berat, 308 insiden
                                                                      ringan, dan 462 near misses.                       ringan dan 363 near misses.
          292 near misses
                                                                      59 recordable incidents, 439                       38 recordable incidents,
          56 recordable incidents, 314 non-                           non-recordable incidents, and 462                  308 non-recordable incidents
          recordable incident, and 292 near misses.                   near misses.                                       and 363 near misses.




12      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                         www.bakrieland.com
Page 15
                                                                                         Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                Tata Kelola Perusahaan                         Laporan Berkelanjutan
     Pembahasan Manajemen
                                                Good Corporate Governance                       Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                     Sustainable Report




                                                                                     Praktik Usaha Terbaik dan Kepatuhan
                                                                                                            Adopting Best Practices and Compliance




                          Mengadopsi best practice standar nasional atau internasional yang relevan
                        Konsumsi  Listrik sebagai bagian dari upaya continuous improvement.
                         dengan operasional
                        Electricity
                          AdoptingConsumption
                                    best practices in national and international standards relevant to operation as part of the
                          efforts on continuous improvement.




      2025                                                  2024                                                  2023
      Mempertahankan sertifikasi                            Mempertahankan sertifikasi ISO                        Mempertahankan sertifikasi ISO
                                                            45001:2018 tentang Sistem Manajemen                   45001:2018 tentang Sistem
      ISO 45001:2018 tentang Sistem
                                                            K3 untuk Gedung Bakrie Tower di bawah                 Manajemen K3 untuk Gedung Bakrie
      Manajemen K3 untuk Gedung Bakrie                      manajemen PT Provices Indonesia.                      Tower di bawah manajemen PT Provices
      Tower di bawah manajemen                              Maintained ISO 45001:2018 certification               Indonesia.
      PT Provices Indonesia.                                on the OHS Management System                          Maintained ISO 45001;2018 on OHS
                                                            for Bakrie Tower Building under the                   Management System for Bakrie Tower
      Maintained ISO 45001:2018
                                                            management of PT Provices Indonesia.                  Building under the management of PT
      certification on the OHS Management                                                                         Provices Indonesia.
      System for Bakrie Tower Building
      under the management of PT Provices
      Indonesia




      2025                                                  2024                                                  2023
      Dalam proses mendapatkan                              Dalam proses mendapatkan Gold                         Dalam proses mendapatkan Gold Category
                                                            Category untuk sertifikasi Green Building             untuk sertifikasi Green Building dari Green
      Gold Category untuk sertifikasi
                                                            dari Green Building Council Indonesia                 Building Council Indonesia (GBCI) kategori
      Green Building dari Green                             (GBCI) kategori Existing Building-Bakrie              Existing Building-Bakrie Tower.
      Building Council Indonesia                            Tower.                                                In the process of obtaining Gold Category
      (GBCI) kategori Existing                              In the process of obtaining Gold Category             for Green Building certification from the
                                                            for Green Building certification from                 Green Building Council Indonesia (GBCI),
      Building-Bakrie Tower.
                                                            Green Building Council Indonesia (GBCI)               category of Existing Building – Bakrie Tower.
      In the process of obtaining Gold                      category of Existing Building-Bakrie Tower.
      Category for Green Building
      certification from Green Building
      Council Indonesia (GBCI) category
      of Existing Building-Bakrie Tower.




www.bakrieland.com                                                       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                                  13
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              Kilas Kinerja              Laporan Manajemen       Profil Perusahaan      Unit Pendukung Bisnis
           Performance Highlights         Management Report        Company Profile        Business Support Unit




     Praktik Usaha Terbaik dan Kepatuhan
     Adopting Best Practices and Compliance




     2025                                          2024                                             2023
                                                                                                   Mempertahankan sertifikasi Fire
     Mempertahankan sertifikasi Fire               Mempertahankan sertifikasi Fire                 Safety dari otoritas lokal untuk seluruh
     Safety dari otoritas lokal untuk seluruh      Safety dari otoritas lokal untuk seluruh        kompleks gedung perkantoran dan mal
     kompleks gedung perkantoran dan mal           kompleks gedung perkantoran dan mal             yang dikelola oleh Perseroan.
     yang dikelola oleh Perseroan.                 yang dikelola oleh Perseroan.
                                                                                                   Maintained the Fire Safety certification
     Maintained the Fire Safety certification      Maintained the Fire Safety certification        from the local authority for the entire
     from the local authority for the entire       from the local authority for the entire         compound of office buildings and malls
     compound of office buildings and malls        compound of office buildings and malls          managed by the Company.
     managed by the Company.                       managed by the Company.




     2025                                          2024                                            2023
     Mempertahankan ISO 45001:2018                 Mempertahankan ISO 45001:2018                   Mempertahankan ISO 45001:2018
     tentang Sistem Manajemen K3 di bawah          tentang Sistem Manajemen K3 di bawah            tentang Sistem Manajemen K3 di bawah
     manajemen PT Provices Indonesia.              manajemen PT Provices Indonesia.                manajemen PT Provices Indonesia.
     Maintained ISO 45001:2018 certification       Maintained ISO 45001:2018 certification         Maintained ISO 45001:2018 certification
     on OHS Management System under the            on OHS Management System under the              on OHS Management System under the
     management of PT Provices Indonesia.          management of PT Provices Indonesia.            management of PT Provices Indonesia.




     2025                                          2024                                            2023
     Mempertahankan sertifikasi ISO                Mendapatkan sertifikasi ISO 26.000              Mempertahankan sertifikasi Halal dari
     26.000 untuk keamanan pangan dan              untuk keamanan pangan dan                       MUI untuk PT Jasa Boga Raya anak
     sertifikasi Halal dari MUI untuk PT Jasa      mempertahankan sertifikasi Halal dari           perusahaan Perseroan yang bergerak
     Boga Raya anak perusahaan Perseroan           MUI untuk PT Jasa Boga Raya anak                dalam bidang Food & Beverages.
     yang bergerak dalam bidang Food &             perusahaan Perseroan yang bergerak
     Beverages.                                    dalam bidang Food & Beverages.                  Maintained Halal certification from MUI
     Maintaining ISO 26,000 certification for                                                      for PT Jasa Boga Raya, a subsidiary of
     food safety and Halal certification from      Obtained ISO 26.000 certification               the Company operating in the Food &
     the Indonesian Ulema Council (MUI)            for food safety and maintained Halal            Beverages business.
     for PT Jasa Boga Raya, a subsidiary of        certification from MUI for PT Jasa Boga
     the Company engaged in the Food &             Raya, a subsidiary of the Company
     Beverages sector.                             operating in the Food & Beverages
                                                   business.




14      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 17
                                                                             Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                           Tata Kelola Perusahaan                  Laporan Berkelanjutan
      Pembahasan Manajemen
                                           Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




Ikhtisar Keuangan
Financial Highlights


Laporan Laba (Rugi) dan Penghasilan Komprehensif Lain Konsolidasion
Consolidated Statement on Profit (loss) and Other Comprehensive Income

                   Uraian                       2025              2024              2023                                Description

 Pendapatan Neto                          1.425.943            1.226.740         1.273.390                                         Net Revenue
 Laba Kotor                                485.860               418.308           436.851                                            Gross Profit
 Laba Usaha                                    156.307            93.785            93.698                                      Operating Profit
 Rugi Neto                                 (42.085)            (101.948)        (1.122.557)                                              Net Loss
 Rugi yang dapat diatribusikan kepada:                                                                                      Loss Attributable to:
 - Pemilik Entitas Induk                       (16.697)         (68.528)        (1.079.192)                            - Owners of Parent Entity
 - Kepentingan Non-Pengendali              (25.388)             (33.420)          (43.365)                            - Non-Controlling Interest
 Rugi Komprehensif Neto yang dapat                                                                                     Net Comprehensive Loss
 diatribusikan kepada:                                                                                                         Attributable to:
 - Pemilik Entitas Induk                         5.466           (73.610)       (1.067.237)                            - Owners of Parent Entity
 - Kepentingan Non-Pengendali              (25.388)             (33.420)          (43.365)                            - Non-Controlling Interest
 (Rugi) per Saham Dasar/Dilusian                 (0,97)                (2)              (26)             (Loss) per Basic/Diluted Share (Full
 (Angka Penuh)                                                                                                                     Amount)


Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Financial Position

                   Uraian                       2025              2024              2023                                Description

 Jumlah Aset Lancar                        1.571.836            1.621.212        2.431.035                                   Total Current Asset
 Jumlah Aset Tidak Lancar                 7.065.789            7.120.805         6.208.018                              Total Non-Current Asset
 Jumlah Aset                              8.637.625            8.742.017         8.639.053                                            Total Asset
 Jumlah Liabilitas Jangka Pendek          1.928.898            1.818.658         2.002.507                                 Total Current Liability
 Jumlah Liabilitas Jangka Panjang              706.225           899.144           505.301                            Total Non-Current Liability
 Jumlah Liabilitas                         2.635.123           2.717.802         2.507.808                                         Total Liability
 Jumlah Ekuitas                           6.002.502            6.024.215          6.131.245                                           Total Equity


Laporan Arus Kas Konsolidasian
Consolidated Statement of Cash Flow

                   Uraian                       2025              2024              2023                                Description

 Kas Neto yang Diperoleh dari                   99.285             29.913           36.273                   Net Cash Provided by Operating
 Aktivitas Operasi                                                                                                                Activities
 Kas Neto yang Digunakan untuk             (42.095)            (130.081)            (4.832)                      Net Cash Used in Investment
 Aktivitas Investasi                                                                                                                Activities
 Kas Neto yang Diperoleh dari                  (40.189)           77.073          (45.801)                    Net Cash Provided by (Used in)
 (Digunakan Untuk) Aktivitas                                                                                             Financing Activities
 Pendanaan
 Kenaikan (Penurunan) Neto Kas dan              17.001          (23.095)           (14.360)            Increase (Decrease) in Net Cash and
 Setara Kas                                                                                                                Cash Equivalent
 Pengaruh Perubahan Kurs Mata Uang                  14                   7              (16)             Effect of Change in Exchange Rate
 Kepada Kas dan Setara Kas                                                                                     on Cash and Cash Equivalent
 Kas dan Setara Kas Awal Tahun                  113.592          133.760           148.136                        Cash and Cash Equivalent at
                                                                                                                        Beginning of the Year
 Kas dan Setara Kas Akhir Tahun                130.607            113.592          133.760             Cassh and Cash Equivalent at End of
                                                                                                                                  the Year



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                                                                                                                                                     15
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              Kilas Kinerja                Laporan Manajemen     Profil Perusahaan    Unit Pendukung Bisnis
           Performance Highlights           Management Report      Company Profile      Business Support Unit




     Ikhtisar Keuangan
     Financial Highlights




     Rasio Keuangan
     Financial Ratio

                        Uraian                        2025            2024            2023                         Description

      Rasio Rugi Bersih terhadap Aset                (0,49%)          (1,17%)        (12,99%)            Net Loss to Asset Ratio (Return on
                                                                                                                               Asset/ROA)
      Rasio Rugi Bersih terhadap Ekuitas             (0,70%)          (1,69%)        (18,31%)           Net Loss to Equity Ratio (Return on
                                                                                                                               Equity/ROE)
      Rasio Marjin Laba Kotor terhadap               34,07%           34,10%          34,31%          Gross Profit Margin to Revenue Ratio
      Pendapatan
      Rasio Marjin Laba Usaha terhadap                10,96%           7,65%           7,38%            Operating Profit Margin to Revenue
      pendapatan                                                                                                                      Ratio
      Rasio Marjin Rugi Bersih terhadap              (2,95%)          (8,31%)        (88,16%)             Net Loss Margin to Revenue Ratio
      pendapatan
      Rasio Lancar                                    81,49%          89,14%         121,40%                                  Current Ratio
      Rasio Liabilitas terhadap Aset                  30,51%          31,09%          29,03%                         Liability to Asset Ratio
      Rasio Liabilitas terhadap Ekuitas              43,90%           45,11%         40,90%                         Liability to Equity Ratio




16       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 19
                                                                                                                   Tanggung Jawab Sosial Perusahaan/
             Analisis dan
                                                                  Tata Kelola Perusahaan                                 Laporan Berkelanjutan
        Pembahasan Manajemen
                                                                  Good Corporate Governance                                  Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                                                                  Sustainable Report




Ikhtisar Bisnis
Business Highlights


Pendapatan Neto                                                       Jumlah Liabilitas                                                      Rugi Neto Tahun Berjalan
Net Revenues                                                          Total Liabilities                                                      Net Loss for the Year
dalam Miliar Rupiah | in Billion Rupiah                               dalam Miliar Rupiah | in Billion Rupiah                                dalam Miliar Rupiah | in Billion Rupiah

  1.425.943            1.226.740             1.273.390                   2.635.123           2.717.802            2.507.808                     (42.085)            (101.948)          (1.122.557)
       2025




                                                                             2025




                                                                                                                                                    2025
                            2024




                                                                                                  2024




                                                                                                                                                                         2024
                                                  2023




                                                                                                                        2023




                                                                                                                                                                                           2023
                                   Jumlah Aset                                                           Jumlah Ekuitas
                                   Total Assets                                                          Total Equities
                                   dalam Miliar Rupiah | in Billion Rupiah                               dalam Miliar Rupiah | in Billion Rupiah

                                     8.637.625            8.742.017             8.639.053                  6.002.502             6.024.215             6.131.245
                                          2025




                                                                                                                2025
                                                               2024




                                                                                                                                      2024
                                                                                     2023




                                                                                                                                                            2023




Pendapatan
Revenues
dalam Miliar Rupiah | in Billion Rupiah


              13%                                                                   12%
                                                                                                                                                      22%




                                             87%                                                                       88%                                                                 78%

                    2025                                                                    2024                                                                      2023
                                                         Pendapatan Tidak Berulang                           Pendapatan Berulang
                                                         Non-Recurring                                       Recurring




www.bakrieland.com                                                                              PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                                                                     17
Page 20
              Kilas Kinerja             Laporan Manajemen       Profil Perusahaan      Unit Pendukung Bisnis
           Performance Highlights        Management Report        Company Profile        Business Support Unit




     Ikhtisar Kinerja Saham
     Stock Performance Highlights



     INFORMASI HARGA SAHAM                                                SHARE PRICE INFORMATION
     Selama tahun 2025, harga saham Perseroan tidak volatile dan          During the year 2025, the Company's share prices was not
     cenderung di harga Rp12.                                             volatile and tended to be at a price of Rp12.

     PENGHENTIAN SEMENTARA PERDAGANGAN                                    TEMPORARY SUSPENSION OF STOCK TRADING
     SAHAM (SUSPENSION) DAN/ ATAU                                         AND/OR DELISTING OF SHARES
     PENGHAPUSAN PENCATATAN SAHAM
     (DELISTING)
     Sepanjang tahun 2025, Perseroan tidak pernah dikenakan               Throughout the year 2025, the Company was never subject
     sanksi yang dapat berpengaruh terhadap aktivitas perdagangan         to sanctions that could have affected share-trading activities
     saham di Bursa Efek tempat Perseroan mencatatkan saham               on the Stock Exchange where the Company lists and trades
     dan memperdagangkan saham, baik penghentian sementara                shares, including temporary suspension of share trading and/
     perdagangan saham (suspension) dan/atau pembatalan                   or cancellation of share listing (delisting). Thus, there is no
     pencatatan saham (delisting). Dengan demikian, tidak                 information related to the impact of the temporary suspension
     terdapat informasi terkait dampak dari penghentian sementara         of share trading and/or cancellation of share listing (delisting)
     perdagangan saham (suspension) dan/atau pembatalan                   to present in this Annual Report.
     pencatatan saham (delisting), yang dapat disajikan dalam
     Laporan Tahunan ini.

     AKSI KORPORASI                                                       CORPORATE ACTION
     Di sepanjang tahun 2025, tidak terdapat aksi korporasi, yang         Throughout the year 2025, there were no corporate actions
     menyebabkan terjadinya perubahan pada saham, seperti                 that caused changes to the shares, such as a stock split, reverse
     pemecahan saham (stock split), penggabungan saham (reverse           stock, share dividends, bonus shares, changes in the nominal
     stock), dividen saham, saham bonus, perubahan nilai nominal          value of shares, issuance of convertible securities, and additions
     saham, penerbitan efek konversi, serta penambahan dan                and reductions to capital. Therefore, there was no information
     pengurangan modal. Dengan demikian, tidak terdapat informasi         related to the date of corporate actions; stock splits, reverse
     terkait tanggal pelaksanaan aksi korporasi; rasio pemecahan          stock, share dividends, bonus shares, the number of convertible
     saham (stock split), penggabungan saham (reverse stock),             securities issued, and changes in the nominal value of shares,
     dividen saham, saham bonus, jumlah efek konversi yang                the number of shares outstanding after corporate actions; the
     diterbitkan, dan perubahan nilai nominal saham; jumlah saham         number of convertible shares exercised (if any); and the share
     beredar sesudah aksi korporasi; jumlah saham konversi yang           price after the corporate actions.
     dilaksanakan (jika ada); dan harga saham sesudah aksi korporasi.

     INFORMASI MENGENAI OBLIGASI SUKUK ATAU                               INFORMATION   ON  SUKUK    BONDS                             OR
     OBLIGASI KONVERSI YANG MASIH BEREDAR                                 OUTSTANDING CONVERTIBLE BONDS
     Sepanjang tahun 2025, Perseroan tidak memiliki obligasi, sukuk,      Throughout the year 2025, the Company did not retain any
     atau obligasi konversi yang beredar (outstanding). Dengan            bonds, sukuk, or outstanding convertible bonds. Thus, there is
     demikian, tidak terdapat informasi mengenai obligasi/sukuk/          no information on bonds/sukuk/outstanding convertible bonds
     obligasi konversi yang beredar (outstanding) pada laporan            to present in this Annual Report.
     tahunan ini.




18      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 21
                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




www.bakrieland.com                                             PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                    19
Page 22
            Kilas Kinerja             Laporan Manajemen        Profil Perusahaan         Unit Pendukung Bisnis
         Performance Highlights         Management Report        Company Profile            Business Support Unit




     Peristiwa Penting 2025
     Important Events of 2025


                                                                            Januari 2025
                                                               01           January 2025



                                                             Rivera Outbond & Edutainment menambah wahana baru Taman Burung
                                                             The additional Bird Park at Rivera Outbound & Edutainment




                                                                            Februari 2025
                                                              02            February 2025



                                                             Hotel Grand ELTY Krakatoa menambah vila baru bernama Nirwana Villa
                                                             Hotel Grand ELTY Krakatoa adds a new villa called Nirwana Villa




                                                                            April 2025
                                                              03            April 2025


                                                             JungleSea Kalianda, taman rekresi tepi pantai yang berlokasi di Kalianda
                                                             Nirwana Resort resmi di buka
                                                             JungleSea Kalianda, a beach-side recreational park located within Kalianda
                                                             Nirwana Resort, officially opened




                                                                            April 2025
                                                              03            April 2025



                                                             Urban Camp sebagai wahana baru Rivera Outbond & Edutainment resmi
                                                             dibuka
                                                             Urban Camp as a new facility for Rivera Outbond & Edutainment has officially
                                                             opened




                                                                            April 2025
                                                              03            April 2025



                                                             Perseroan raih penghargaan “The Best Human Capital 2025 for Driving Organizational
                                                             Growth Through Value Based Human Capital Initiatives” pada ajang Indonesia
                                                             Human Capital Awards 2025 diselenggarakan oleh Warta Ekonomi.
                                                             The Company received “The 2025 Best Human Capital for Driving Organizational
                                                             Growth Through Value-Based Human Capital Initiatives” at the 2025 Indonesian
                                                             Human Capital Awards held by Warta Ekonomi.



20     PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                            www.bakrieland.com
Page 23
                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




                                                                    Juni 2025
                                                         06         June 2025


                                                       Perseroan raih 2 (dua) penghargaan di Indonesia Property & Bank Award
                                                       (IPBA) 2025 untuk Unit Usaha Kahuripan Nirwana Sidoarjo dan Provices
                                                       Indonesia
                                                       The Company received 2 (two) awards at the 2025 Indonesian Property
                                                       & Bank Award (IPBA) for the Kahuripan Nirwana Sidoarjo and Provices
                                                       Indonesia Business Units.

                                                                    Juni 2025
                                                         06         June 2025


                                                       Hotel the Grove Suites luncurkan fasilitas baru, ballroom, bernama Grand
                                                       Onyx Ballroom
                                                       The Grove Suites Hotel launched the new Grand Onyx Ballroom




                                                                    Juli 2025
                                                         07         July 2025


                                                       Perseroan laksanakan Rapat Umum Pemegang Saham (RUPS) Tahunan di
                                                       Onyx Ballroom the Grove Suites, Rasuna Epicentrum Jakarta.
                                                       PT Bakrieland Development Tbk held its Annual General Meeting of
                                                       Shareholders (GMS) at the Onyx Ballroom of The Grove Suites, Rasuna
                                                       Epicentrum Jakarta.


                                                                    Desember 2025
                                                         12         December 2025


                                                       Athlon Pool, fasilitas baru di Kahuripan Nirwana dengan bentuk kolam renang
                                                       berstandar semi-olimpiade, dibangun dan bekerja sama dengan PT Raharja
                                                       Inovasi Akuatik untuk operasionalisasinya.
                                                       Athlon Pool, the new semi-olympic standard swimming pool at Kahuripan
                                                       Nirwana, built and operated in cooperation with PT Raharja Inovasi Akuatik .


                                                                    Desember 2025
                                                         12         December 2025



                                                       Kahuripan Nirwana serah terima perdana cluster Veranda
                                                       Initial handover of the Veranda cluster at Kahuripan Nirwana




                                                                    Desember 2025
                                                         12         December 2025



                                                       Signing Business Plan & Budget Bakrieland Group 2026-2030
                                                       Signing of Bakrieland Group 2026-2030 Business Plan & Budget




www.bakrieland.com                                             PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                      21
Page 24

          
Page 25
        Profil
  Perusahaan
                   Company Profile

Bakrieland • Laporan Tahunan 2025 Annual Report
Page 26
        Kilas Kinerja         Laporan Manajemen            Profil Perusahaan            Unit Pendukung Bisnis
     Performance Highlights    Management Report             Company Profile              Business Support Unit




     Data Perusahaan
     Company Data




     Nama Perusahaan
     Name of Company
                                                                      PT Bakrieland Development Tbk

     Bidang Usaha                                                     Developer dan Pembangunan Real Estate
     Type of Business                                                 Real Estate and Property Developer
     Komposisi Pemegang Saham                                         · KPD Simas Equity Fund 2 (5.35%)
     per 31 Desember 2025                                             · Interventures Capital Pte. Ltd (5.12%)
     Shareholder Composition
                                                                      · Masyarakat (Kepemilikan <5%) (89,53%)
     as of 31 December 2025
                                                                         Public (Ownership of <5%) (89.53%)
     Tanggal Pendirian                                                12 Juni 1990
     Date of Establishment                                            12 June 1990
     Dasar Hukum Pendirian                                            Didirikan berdasarkan Akta Notaris John Leonard
     Legal Basis of Establishment                                     Waworuntu, S.H., No. 209 dan telah disahkan oleh
                                                                      Menteri Kehakiman Republik Indonesia dalam Surat
                                                                      Keputusan No. C2-1978.HT.01.01.TH.91 tanggal 31 Mei
                                                                      1991 serta diumumkan dalam Berita Negara Republik
                                                                      Indonesia No. 93 tanggal 19 November 1991.
                                                                      Established under Notarial Deed of John Leonard Waworuntu, S.H.,
                                                                      No. 209 and ratified by the Minister of Justice of the Republic of
                                                                      Indonesia based on Decision Letter No. C2-1978.HT.01.01.TH.91
                                                                      dated 31 May 1991 and published in the State Gazette of the
                                                                      Republic of Indonesia No. 93 dated 19 November 1991.
     Modal Dasar
     Authorized Capital
                                                                      Rp10.000.000.000.000




24      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 27
                                                                            Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                          Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                          Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                                                     Data Perusahaan
                                                                                                                           Company Data




 Modal Ditempatkan dan Disetor Penuh
 Issued and Fully Paid Capital Stock
                                                                43.521.913.019

 Pencatatan Saham                                               30 Oktober 1995
 Stock Listing                                                  30 October 1995
 Kode Saham
 Stock Code
                                                                ELTY

 Bursa                                                          Bursa Efek Indonesia
 Stock Exchange                                                 Indonesia Stock Exchange
 Jumlah SDM per 31 Desember 2025                                7.984 karyawan
 Total Employees as of 31 December 2025                         7.984 employee
 Alamat Kantor Pusat                                            Wisma Bakrie I
 Head Office Address                                            Jl. H.R. Rasuna Said Kav B-1, 6th Foor
                                                                Jakarta 12920 – Indonesia
                                                                Tel: 021-5257835
 Situs Web                                                      http://www.bakrieland.com
 Website

 E-Mail                                                         corporate.info@bakrieland.com

 Hubungan Investor
 Investor Relations
                                                                corporate.info@bakrieland.com

 Media Sosial                                                   @Bakrieland_Group
 Social Media                                                   (Instagram, Tiktok, dan Facebook)




www.bakrieland.com                                               PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                          25
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        Kilas Kinerja         Laporan Manajemen            Profil Perusahaan                Unit Pendukung Bisnis
     Performance Highlights    Management Report             Company Profile                  Business Support Unit




     Sejarah Perusahaan
     Company History


                                        PT Bakrieland Development Tbk (“Bakrieland” atau “Perseroan”)
                                        memulai kiprahnya pada industri properti nasional dengan berdiri
                                        pada 12 Juni 1990 di bawah nama PT Purilestari Indah Pratama.
                                        Empat tahun kemudian, pada Desember 1994, Perseroan
                                        berganti nama menjadi PT Elang Realty. Di tahun 1995 Perseroan
                                        melaksanakan Penawaran Umum Perdana Saham (IPO) di Bursa
                                        Efek Indonesia (BEI) sehingga resmi tercatat sebagai perusahaan
                                        publik dengan nama PT Elang Realty Tbk.

                                        PT Bakrieland Development Tbk (“Bakrieland” or the “Company”) commenced
                                        its presence in Indonesia’s property industry upon its establishment on 12 June
                                        1990 under the name PT Purilestari Indah Pratama. Four years later, in December
                                        1994, the Company changed its name to PT Elang Realty. In 1995, the Company
                                        conducted its Initial Public Offering (IPO) on the Indonesia Stock Exchange
                                        (IDX), thereby officially becoming a publicly listed company under the name
                                        PT Elang Realty Tbk.




     Pada tahun 1997 Perseroan kembali melakukan perubahan nama                In the year 1997, the Company again changed its name to
     menjadi PT Bakrieland Development Tbk. Sejak saat itu, Perseroan          PT Bakrieland Development Tbk. Since then, the Company
     semakin memperkuat posisinya sebagai pengembang kawasan                   continued to strengthen its position as an integrated property
     terpadu yang menghadirkan berbagai proyek properti bernilai               developer that delivers various added-value property projects in
     tambah di Indonesia.                                                      Indonesia.


     Kegiatan usaha Perseroan berfokus pada pengembangan hunian                The Company’s business activities focus on development of
     segmen menengah dan menengah-atas di berbagai lokasi strategis            middle and middle-upper segment residences in various strategic
     di Indonesia. Bakrieland dikenal sebagai pionir pengembangan              locations in Indonesia. Bakrieland is known as the pioneer in
     superblock berskala besar melalui kawasan Rasuna Epicentrum               superblock development, large-scale city property in Jakarta,
     di Jakarta, sekaligus sebagai salah satu pengembang hunian                Rasuna Epicentrum, and also o as one of the middle-upper
     menengah atas terbesar di Kota Bogor dengan proyek Bogor                  segment residential developer in the city of Bogor with the Bogor
     Nirwana Residence.                                                        Nirwana Residence project.


     Perjalanan bisnis Perseroan terus berkembang ke berbagai sektor           The Company’s business track continued in various sectors
     dan lokasi. Pada tahun 2007, Perseroan merambah sektor rekreasi           and locations. In the year 2007, the Company expanded into
     melalui pengembangan The Jungle Waterpark, yang kemudian                  the recreation sector through the development of the Jungle
     diperluas dengan peluncuran Rivera Outbound & Edutainment.                Waterpark, then further expanded with the launching of the Rivera
     Tahun 2014 menjadi tonggak penting lainnya ketika Perseroan               Outbound & Edutainment. In 2014, another milestone was marked
     mengembangkan township Kahuripan Nirwana di Sidoarjo, Jawa                when the Company developed the Kahuripan Nirwana township
     Timur, serta memasuki pasar Yogyakarta melalui proyek Awana               in Sidoarjo, East Java, and into Yogyakarta market through the
     Yogyakarta, sebuah kawasan terpadu yang menggabungkan                     Awana Yogyakarta project, an integrated property that combined
     konsep hunian dan hotel The Alana Malioboro. Pada tahun yang              the concept of residential and hotel, The Alana Malioboro. In the
     sama, Perseroan memperluas portofolio hunian di Kota Bogor                same year, the Company expanded its residential portfolio in
     melalui proyek Bumi Pakuan.                                               Bogor City with Bumi Pakuan project.




26      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                  www.bakrieland.com
Page 29
                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                   Sejarah Perusahaan
                                                                                                                          Company History




Di tahun 2024, Perseroan memperkuat portofolio bisnis hospitality         In the year 2024, the Company reinforced its hospitality
dengan mengambil alih Aston Sidoarjo City Hotel & Conference              business with the takeover of the Aston Sidoarjo City Hotel
Center sebagai bagian dari strategi ekspansi dan diversifikasi            & Conference Center as part of the expansion strategy and
produk. Di tahun 2025, Perseroan kembali mengembangkan lini               product diversification. In 2025, the Company again developed
usaha taman rekreasi dengan membuka JungleSea Kalianda,                   its recreational park line of business with the opening of the
taman rekreasi keluarga di kawasan Kalianda Nirwana Resort,               JungleSea Kalianda, a family recreation park in the Kalianda
Lampung. Turut dikembangkan juga di kawasan Sawangan                      Nirwana Resort compound, Lampung. In the Sawangan area a
dengan menggandeng mitra strategis, Athlon, untuk membangun               joint strategic partnership with Athlon was established to build
berbagai fasilitas olah raga yang melengkapi fasilitas yang sudah         various sports outlets that complement existing facilities. In
ada. Selain itu, Perseroan membangun fasilitas-fasilitas baru di          addition, the Company developed new facilities in already-owned
kawasan yang sudah ada dimiliki untuk terus memberikan nilai              properties to continuously provided added values and customers’
pada properti yang ada dan kenyamanan pelanggan.                          convenience.


Sepanjang tahun 2025, Perseroan mengelola 5 (lima) proyek aktif,          Throughout the year 2025, the Company managed 5 (five)
terdiri dari 1 (satu) proyek perumahan di wilayah Sidoarjo, 2 (dua)       active projects, consisting of 1 (one) project in Sidoarjo area, 2
proyek perumahan di wilayah Bogor, 1 (satu) proyek perumahan              (two) housing projects in Bogor area, 1 (one) housing project in
di Yogyakarta, serta 1 (satu) proyek wisata di Kalianda, Lampung,         Yogyakarta, and 1 (one) tourism project in Kalianda, Lampung,
yang telah resmi dibuka pada Maret 2025.                                  which was official opened in March 2025.




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                                                                                                                                               27
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        Kilas Kinerja               Laporan Manajemen                       Profil Perusahaan                Unit Pendukung Bisnis
     Performance Highlights           Management Report                       Company Profile                   Business Support Unit




     Jejak Langkah
     Milestones



                                     1984-1990                                                                        1995-2004

       Juni 1984 | June 1984                                                                    Oktober 1995 | Oktober 1995
       Kelompok Usaha Bakrie melalui PT Catur Swasakti Utama (sekarang bernama                  Pada 30 Oktober 1995, Perseroan melakukan Penawaran Umum Saham Perdana di
       PT Bakrie Swasakti Utama, anak perusahaan Perseroan), memulai bisnis                     Bursa Efek Indonesia (d/h Bursa Efek Jakarta) sebanyak 110.000.000 saham dengan
       pembangunan properti dengan membangun Wisma Bakrie, gedung Graha Kapital,                nilai nominal Rp500 per saham dan harga penawaran sebesar Rp625 per saham.
       dan Apartemen Taman Rasuna di Jakarta.                                                   On 30 October 1995, the Company held an Initial Public Offering on the Indonesia
       Bakrie Group, through PT Catur Swasakti Utama (now as PT Bakrie Swasakti Utama, a        Stock Exchange (formerly as Jakarta Stock Exchange) of 110,000,000 shares at a
       subsidiary of the Company), started its property development business with building      nominal value of Rp500 per share and offering price of Rp625 per share.
       Wisma Bakrie, Graha Kapital building, and Taman Rasuna Apartment in Jakarta.

                                                                                                September 1997 | September 1997
       Juni 1990 | June 1990
                                                                                                Penawaran Umum Terbatas I sebanyak 1.050.000.000 saham biasa.
       Perseroan didirikan dengan nama PT Puri Lestari Indah Pratama pada Juni 1990 dan         Initial Public Offering of 1,050,000,000 common stock.
       berganti nama menjadi PT Elang Realty pada Desember 1994. Selanjutnya pada
       tahun 1997, PT Elang Realty kembali mengubah namanya menjadi PT Bakrieland
       Development Tbk.                                                                         Mei 2004 | May 2004
       The Company was established under the name PT Puri Lestari Indah Pratama in June         Perseroan mengakuisisi 73,48% kepemilikan saham PT Bakrie Swasakti Utama.
       1990 and changed its name to PT Elang Realty in December 1994. Then in 1997, PT
                                                                                                The Company acquisitioned 73.48% share ownership of PT Bakrie Swasakti Utama.
       Elang Realty again changed its name to PT Bakrieland Development Tbk.




                                     2012–2013                                                                         2010–2011

       Desember 2012 | December 2012                                                            Agustus 2010 | August 2010
       Perseroan melakukan divestasi dengan melepas seluruh kepemilikannya di PT Lido           Perseroan mengambil saham baru yang diterbitkan oleh PT Bukit Jonggol Asri
       Nirwana Parahyangan (d/h PT Fusion Plus Indonesia).                                      sebanyak 666.666.667 saham atau 37,88%.
       The Company divested its total ownership in PT Lido Nirwana Parahyanan (formerly         The Company acquired new shares issued by PT Bukit Jonggol Asri of 666,666,667
       as PT Fusion PlusIndonesia).                                                             shares or 37.88%.


       April 2013 | April 2013                                                                  Januari 2011 | January 2011
       Perseroan melalui PT Graha Andrasentra Propertindo Tbk melakukan divestasi atas          Perseroan mengambil saham baru yang diterbitkan oleh PT Bukit Jonggol Asri
       15% kepemilikan saham pada PT Bukit Jonggol Asri.                                        sebanyak 170.000.000 saham sehingga kepemilikan meningkat menjadi 43,36%.
       The Company, through PT Graha Andrasentra Propertindo Tbk, divested its 15%              The Company acquired new shares issued by PT Bukit Jonggol Asri of 170,000,000
       shares ownership in PT Bukit Jonggol Asri.                                               shares that ownership increased to 43.36%


       Juli & Agustus 2013 | July & August 2013                                                 September 2011 | September 2011
       Perseroan melalui PT Bakrie Nirwana Semesta dan Sugilite Company Limited                 Perseroan mengambil saham baru yang diterbitkan oleh PT Bukit Jonggol Asri
       melakukan divestasi atas 100% saham pada PT Bali Nirwana Resort.                         sebanyak 256.333.333 saham sehingga kepemilikan meningkat menjadi 50%.
       The Company, through PT Bakrie Nirwana Semesta and Sugilife Company Limited,             The Company acquired new shares issued by PT Bukit Jonggol Asri of 256,333,333
       divested 100% shares in PT Bali Nirwana Resort.                                          shares that ownership increased to 50%.




                                     2013–2014

       Desember 2013 | December 2013                                                            Oktober 2014 | October 2014
       Perseroan melalui PT Bakrie Swasakti Utama melakukan divestasi aset properti             Perseroan melalui Anak Perusahaan PT Graha Andrasentra Propertindo Tbk telah
       Epicentrum Walk Mall, yang merupakan pusat perbelanjaan dan hiburan yang                 menyelesaikan divestasi 35% kepemilikan saham pada PT Bukit Jonggol Asri kepada
       berlokasi di kawasan Rasuna Epicentrum.                                                  PT Sentul City Tbk dan PT Gili Tirta Anugrah.
       The Company, through PT Bakrie Swasakti Utama, divested its asset of Epicentrum          The Company, through Subsidiary PT Graha Andrasentra Propertindo Tbk,
       Walk Mall property, a shopping and recreation centre located in the Rasuna               completed its divestment of 35% shares ownership in PT Bukit Jonggol Asri to PT
       Epicentrum compound.                                                                     Sentul City Tbk and PT Gili Tirta Anugrah.


       Juni 2014 | June 2014
       Perseroan melalui Anak Perusahaan PT Bakrie Swasakti Utama melakukan akuisisi
       99,21% saham PT Mutiara Masyhur Sejahtera.
       The Company, through Subsidiary PT Bakrie Swasakti Utama, acquisitioned 99.21%
       shares of PT Mutiara Masyhur Sejahtera.




28      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                               www.bakrieland.com
Page 31
                                                                                               Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                        Tata Kelola Perusahaan                       Laporan Berkelanjutan
      Pembahasan Manajemen
                                                        Good Corporate Governance                     Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                           Sustainable Report




                                                                                                                                             Jejak Langkah
                                                                                                                                                            Milestones




                              2005–2008                                                                                      2009

  November 2005 | November 2005                                                          Juli 2009 | July 2009
  o Penawaran Umum Terbatas II sebanyak 4.200.000.000 saham biasa.                       o Penerbitan Sukuk Ijarah Bakrieland Development dengan sisa imbalan sebesar
  o Avenue Luxembourg Sarl membeli 12% kepemilikan saham dalam PT Bakrieland               Rp150.000.000.000.
    Development Tbk.                                                                     o Melalui PT Bakrie Nirwana Semesta, Perseroan meningkatkan penyertaan modal
  o Limited Public Offering II of 4,200,000,000 common stock.                              pada PT Bali Nirwana Resort menjadi 52,55%.
  o Avenue Luxembourg Sarl purchased 12% shares ownership in PT Bakrieland               o Issuance of Bakrieland Development’s Sukuk Ijarah with residual benefit of
    Development Tbk.                                                                       Rp150,000,000,000.
                                                                                         o Through PT Bakrie Nirwana Semesta, the Company increased its capital
                                                                                           participation in PT Bali Nirwana Resort to 52.55%
  April 2007 | April 2007
  Penawaran Umum Terbatas III sebanyak 14.000.000.000 saham biasa.                       Oktober 2009 | October 2009
  Limited Public Offering III of 14,000,000,000 common stock.
                                                                                         Melalui PT Bakrie Toll Road yang sahamnya 99,99% dimiliki oleh PT Bakrie
                                                                                         Infrastructure (anak perusahaan), Perseroan meningkatkan investasinya pada
  Maret 2008 | March 2008                                                                PT Semesta Marga Raya menjadi 64,98%

  Penerbitan Obligasi I Bakrieland Development tahun 2008 dengan tingkat bunga           Through PT Bakrie Toll Road, whose 99.99% of shares is owned by PT Bakrie
  tetap sebesar Rp500.000.000.000.                                                       Infrastructure (subsidiary), the Company increased its investment in PT Semesta
                                                                                         Marga Raya to 64.98%.
  Issuance of Bakrieland Development’s Bond I of year 2008 with interest rate of
  Rp500,000,000,000.


                                                                                2010

  Januari 2010 | January 2010                                                            Maret 2010 | March 2010
  Perseroan meningkatkan kepemilikan menjadi 100% di PT Semesta Marga Raya               Melalui anak perusahaan BLD Investment Pte. Ltd., Perseroan menerbitkan Equity-
  melalui anak perusahaannya, PT Satria Cita Perkasa, Pan Galactic Investment Ltd.,      Linked Bond sebesar USD155.000.000.
  dan Transglobal Finance Ltd.                                                           Through subsidiary BLD Investment Pte. Ltd., the Company issued Equity-Linked
  The Company increased its ownership to 100% in PT Semesta Marga Raya through           Bond of USD155,000,000.
  subsidiary PT Satria Cita Perkasa, Pan Galactic Investment Ltd., and Transglobal
  Finance Ltd.
                                                                                         Juni 2010 | June 2010

  Maret 2010 | Maret 2010                                                                Penawaran Umum Terbatas IV sebanyak 19.959.885.695 saham biasa Seri B dengan
                                                                                         nilai nominal Rp100 per saham dan harga penawaran Rp160 per saham atau sebesar
  Melalui anak perusahaan BLD Investment Pte. Ltd., Perseroan menerbitkan Equity-        Rp3.193.581.711.200, yang tercatat di Bursa Efek Indonesia.
  Linked Bond sebesar USD155.000.000.                                                    Limited Public Offering IV of 19,959,885,695 common stock B Series with a nominal
  Through subsidiary BLD Investment Pte. Ltd., the Company issued Equity-Linked          value of Rp100 per share or Rp3,193,581,711,200 , registered on the Indonesia Stock
  Bond of USD155,000,000.                                                                Exchange.




                        2014–2015

  Oktober 2014 | October 2014                                                            Juni 2015 | June 2015
  Perseroan melalui Anak Perusahaan PT Graha Andrasentra Propertindo Tbk                 Perseroan melakukan akuisisi saham PT Jasa Boga Raya dari PT Danatama Perkasa
  melakukan akuisisi 100% saham PT JungleLand Asia dari PT Bukit Jonggol Asri dan        sebesar 85%.
  PT Sentul City Tbk masing-masing sebesar 60% dan 40%.                                  Perseroan melalui Anak Perusahaan PT Bakrie Nirwana Semesta melakukan divestasi
  The Company, through Subsidiary PT Graha Andrasentra Propertindo Tbk,                  atas 100% saham PT Samudera Asia Nasional.
  acquisitioned 100% shares in PT JungleLand Asia from PT Bukit Jonggol Asri and PT      The Company acquisitioned 85% shares in PT Jasa Boga Raya from PT Danatama
  Sentul City Tbk each with 60% and 40% respectively.                                    Perkasa.
                                                                                         The Company, through Subsidiary PT Bakrie Nirwana Semesta, divested 100%
                                                                                         shares in PT Samudera Asia Nasional.




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        Kilas Kinerja               Laporan Manajemen                        Profil Perusahaan                 Unit Pendukung Bisnis
     Performance Highlights           Management Report                        Company Profile                   Business Support Unit




     Jejak Langkah
     Milestones




                                     2016–2018                                                                          2018-2019

       Juni 2016 | June 2016                                                                     Februari 2018 | February 2018
       Penawaran Umum Saham Perdana PT Graha Andrasentra Propertindo Tbk (Anak                   o Perseroan memenuhi syarat efektif skema restrukturisasi dan menyampaikan
       Perusahaan) yang dilakukan di Jakarta.                                                      completion notice ke pengadilan tinggi Singapura.
       Initial Public Offering of PT Graha ANdrasentra Propertindo Tbk (Subsidiary)              o Perseroan melakukan distribusi atas waran perusahaan dan 37,9% saham PT Graha
       conducted in Jakarta.                                                                       Andrasentra Propertindo Tbk (GAP) melalui anak perusahaan PT Prima Bisnis
                                                                                                   Utama (PBU) kepada kreditur sebagai bagian pemenuhan skema restrukturisasi.
                                                                                                 o The Company complied with the effective requirements of the restructuring
       November 2017 | November 2017                                                               scheme and submitted a completion notice to the Singapore High Court.
                                                                                                 o The Company distributed company warrants and 37.9% of shares in PT Graha
       Skema restrukturisasi utang obligasi Perseroan senilai USD155 juta disetujui melalui
                                                                                                   Andrasentra Propertindo Tbk (GAP) through its subsidiary PT Prima Bisnis Utama
       putusan Pengadilan Tinggi Singapura.
                                                                                                   (PBU) to creditors as part of fulfilling the restructuring scheme.
       The Company’s bond debt restructuring scheme worth USD155 million approved
       through Singapore High Court decision.
                                                                                                 Maret 2018 | March 2018
       Januari 2018 | January 2018                                                               Penerbitan final notice dari Pengadilan Tinggi Singapura atas terpenuhinya skema
                                                                                                 restrukturisasi yang menyatakan bahwa kreditur membebaskan Perseroan dari
       Perseroan mendapatkan persetujuan pemegang saham dalam Rapat Umum                         kewajiban dan segala jaminan.
       Pemegang Saham Luar Biasa (RUPSLB) untuk menyelesaikan skema restrukturisasi
                                                                                                 Issuance of a final notice from the Singapore High Court upon fulfilment of the
       dan penerbitan sebanyak 2.518.461.951 waran melalui mekanisme penambahan
                                                                                                 restructuring scheme, which stated that the creditors released the Company from
       modal tanpa Hak Memesan Efek Terlebih Dahulu (HMETD).
                                                                                                 obligations and all guarantees.
       The Company received shareholders’ approval at the Extraordinary General Meeting
       of Shareholders for the completion of the restructuring scheme and issuance of
       2,518,461,951 warrants through the capital increase mechanism without Pre-
                                                                                                 September 2019 | September 2019
       emptive Rights..                                                                          Perseroan melakukan divestasi mayoritas kepemilikan sahamnya dalam PT Bakrie
                                                                                                 Nirwana Semesta kepada PT Riverton Group.
                                                                                                 The Company divested the majority of its share ownership in PT Bakrie Nirwana
                                                                                                 Semesta to PT Riverton Group..




                                                                                   2022–2025

                                                     Desember 2022 | December 2022
                                                     Perseroan melalui Unit Usaha, PT Graha Andrasentra Propertindo Tbk, melepaskan
                                                     51,44% kepemilikan saham di PT Jungleland Asia (JLA) kepada PT Adiprotek
                                                     Envirodunia.
                                                     The Company, through Business Unit PT Graha Andrasentra Propertindo Tbk,
                                                     released 51.44% shares ownership in PT JungleLand Asia (JLA) to PT Adiprotek
                                                     Envirodunia.


                                                     Desember 2024 | December 2024
                                                     Perseroan melalui Unit Usaha PT Mutiara Masyhur Sejahtera (PT MMS) mengambil
                                                     alih PT Graha Istana Nirwana (GIN), yang merupakan pemilik Aston Sidoarjo City
                                                     Hotel & Conference Center (Aston Sidoarjo).
                                                     The Company, through Business Unit PT Mutiara Masyhur Sejahtera (PT MMS),
                                                     took over PT Graha Istana Nirwana (GIN), owner of Aston Sidoarjo City Hotel &
                                                     Conference Center (Aston Sidoarjo).


                                                     Juni 2025 | June 2025
                                                     Perseroan melalui Unit Usaha, PT Graha Andrasentra Propertindo Tbk, melaksanakan
                                                     konversi piutang lain-lain menjadi saham pada PT Gili Tirta Anugerah.
                                                     The Company through its Business Unit, PT Graha Andrasentra Propertindo Tbk.,
                                                     converted other receivables into shares in PT Gili Tirta Anugerah.




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Page 33
                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




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        Kilas Kinerja         Laporan Manajemen            Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights    Management Report             Company Profile             Business Support Unit




     Visi, Misi, Nilai dan
     Budaya Perusahaan
     Vision, Mission, Values and Corporate Culture


       Visi Vision


     Menjadi perusahaan properti terintegrasi
     yang terdepan di Indonesia.
     To be a leading integrated property company in Indonesia.



       Misi Mission

     Mewujudkan living products berkualitas dan
     terintegrasi bagi bangsa melalui pemanfaatan
     kompetensi internal dan mitra bisnis dengan
     cara yang menjunjung tinggi keberlanjutan
     finansial dan lingkungan.
     Delivering integrated quality living products for the nation that leverage our
     competencies and development partners in a way that upholds financial and
     environmental sustainability.


     Budaya Perusahaan
     Corporate Culture




              Kewirausahaan,
               Kekeluargaan                                          Pelayanan
                                                                                                                 Inovasi
            dan Profesionalisme                                  Berkualitas Terbaik                             Innovation
            Entrepreneurship, Togetherness                         Excellent Service Quality
                 and Professionalism




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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




Tata Nilai
Values


                                                     Mengutamakan kerjasama dan kolaborasi
                     Sinergi                         untuk nilai tambah yang lebih besar.
                     Synergy                         Prioritizing cooperation and collaboration for
                                                     higher added value.



                                                     Kreativitas menuju perubahan positif.
                     Inovatif                        “Kebaruan” yang menciptakan nilai.
                     Innovative                      Creativity towards positive change.
                                                     ”Innovation/Novelty” that creates value.



                                                     Cepat dan tangkas dalam menangkap peluang
                     Gesit                           dan menghadapi berbagai tantangan.
                     Responsiveness                  Fast and competent in seizing opportunities and
                                                     in facing various challenges.




                     Amanah                          Menjunjung tinggi etika dan kejujuran.
                     Integrity                       Hold high ethics and honesty.




                     Peduli                          Menunjukkan kebaikan dan kepedulian.
                     Caring                          Portray goodness and care




Bidang Usaha
Type of Business

Kegiatan Usaha Sesuai Anggaran Dasar Terakhir                             Business Activities Based on Most Recent Articles of Association
Berdasarkan perubahan Anggaran Dasar terakhir yang dituangkan             Based on the most recently amended Articles of Association as
dalam Akta No. 4 yang dibuat oleh Aulia Taufani, S.H., MKn, Notaris       disclosed in Deed No. 4 made before Aulia Taufani, S.H., MKn,
di Jakarta, tanggal 1 September 2021, Perseroan menjalankan               Notary in Jakarta, dated 1 September 2021, the Company carries
kegiatan usaha di bidang properti. Kegiatan usaha Perseroan,              out its business activities in the property field. The Company’s
meliputi pembangunan, perdagangan dan jasa yang berhubungan               business activities include trade and services connected to real
dengan real estat, properti dan infrastruktur.                            estate, property, and infrastructure.


Kegiatan Usaha yang Telah Dijalankan Hingga Tahun 2025                    Business Activities Conducted in 2025
Selama tahun 2025, Perseroan menjalankan kegiatan usaha yang              During the year 2025, the Company carried out its business
sesuai dengan Anggaran Dasar terakhirnya.                                 activities in accordance with the most recent applicable Articles
                                                                          of Association.


Produk dan Jasa Yang Dihasilkan                                           Products and Services Generated
Perseroan mengembangkan kawasan dengan berbagai portfolio                 The Company develops areas with various property product
produk properti di bidang perumahan, hotel, mal, apartemen,               portfolios in housing, hotels, mall, apartments, offices, recreation
perkantoran, taman rekreasi, dan manajemen properti di Indonesia.         parks and property management in Indonesia.




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        Kilas Kinerja         Laporan Manajemen                 Profil Perusahaan               Unit Pendukung Bisnis
     Performance Highlights      Management Report                Company Profile                 Business Support Unit




     Wilayah Operasional
     Areas of Operation




                    Lampung              Kalianda Nirwana Resort | PT Krakatau Lampung Tourism Development
                                         Kawasan pengembangan seluas 350 Ha untuk resort, park and recreation, dan taman rekreasi
                                         yang berlokasi di Kalianda, Lampung Selatan.
                                         A 350 Ha development area for resorts, parks and recreation, and recreational parks located in
                                         Kalianda, South Lampung.




                        Sentul
                                       PT Jasa Boga Raya
                                       Perusahaan yang bergerak dalam usaha tata boga dengan outlet di berbagai lokasi premium dan jasa katering
                                       yang memiliki pilihan menu nusantara maupun manca negara.
                                       A company engaged in the culinary business with outlets in various premium locations and catering services that
                                       have a choice of Indonesian and international menus.




                        Bogor          Bogor Nirwana Residence | PT Graha Andrasentra Propertindo Tbk
                                       Kawasan pengembangan seluas ±300 Ha untuk proyek perumahan menengah-atas di pusat kota Bogor, Jawa
                                       Barat, yang dilengkapi area komersial, Aston Bogor Hotel & Resort dan taman rekreasi (The Jungle Waterpark dan
                                       Rivera Outbound & Edutainment ) secara terintegrasi.
                                       A development area of ±300 Ha for a middle-upper segment housing project in central Bogor, West Java,
                                       complete with an integrated commercial area, Aston Bogor Hotel & Resort and recreation parks (The Jungle
                                       Waterpark and Rivera Outbound & Edutainment).




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                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                    Tata Kelola Perusahaan                      Laporan Berkelanjutan
     Pembahasan Manajemen
                                                    Good Corporate Governance                   Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                     Sustainable Report




        Jakarta
                                Rasuna Epicentrum | PT Bakrie Swasakti Utama
                                Kawasan pengembangan di area CBD Kuningan seluas 53,5 Ha, merupakan proyek superblock pertama, terbesar dan
                                terlengkap di Jakarta yang terdiri dari Apartemen, Perkantoran, Komersial, Hotel dan Pusat Kebugaran.
                                A development area of 53.5 Ha in Kuningan CBD, the first, largest and most complete superblock project in Jakarta
                                consisting of Apartments, Office and Commercial Space, Hotels and Fitness Centers.


                                Provices Group | PT ProVices Indonesia
                                Memfokuskan bisnisnya pada jasa pengelolaan properti (property management).
                                Focuses its business on property management services.



                                Sentra Timur Residence | PT Bakrie Pangripta Loka
                                Kawasan proyek Rusunami yang berlokasi di kawasan Pulogebang, Jakarta Timur dengan total mencapai
                                7 menara yang sudah dibangun.
                                Rusunami (low-cost apartment) complex project located in the Pulogebang area, East Jakarta, with 7 built towers.



                                Wisma Bakrie | PT Bakrie Swasakti Utama
                                Area perkantoran yang terdiri dari 2 gedung dengan luas area sewa mencapai 25.157 m2.
                                Offices area consist of 2 office buildings with leasing space of up to 25,157 sqm.




    Yogyakarta
                                Awana | PT Graha Multi Insani
                                Terletak di pusat kota Yogyakarta, kawasan seluas 1,8 Ha terdiri dari hotel The Alana Hotel and Conference Center
                                Malioboro yang memiliki 296 unit kamar hotel dan juga klaster rumah dengan 38 unit townhouse.
                                Located in the city center of Yogyakarta, the 1.8 Ha area consists of The Alana Hotel and Conference Center Malioboro
                                which has 296 hotel rooms and also housing cluster with 38 townhouse units.




       Sidoarjo
                                Kahuripan Nirwana | PT Mutiara Masyhur Sejahtera
                                Pengembangan Township yang terletak di Kota Sidoarjo, Jawa Timur dengan masterplan seluas ±634 Ha yang terdiri
                                dari perumahan, apartemen, dan hotel Aston Sidoarjo City Hotel and Conference Center.
                                A Township development located in the city of Sidoarjo, East Java with a masterplan spread to + 634 Ha consisting of
                                housing, apartment, and Aston Sidoarjo City Hotel and Conference Center.




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        Kilas Kinerja                  Laporan Manajemen                             Profil Perusahaan                                Unit Pendukung Bisnis
     Performance Highlights               Management Report                             Company Profile                                  Business Support Unit




     Struktur Perusahaan
     Company Structure

     PT Bakrieland Development Tbk



       Limitless World International
                                                 100,00%
       Services 6 Limited



       PT Superwish Perkasa                 1    100,00%



       PT Bumi Daya Makmur                 2     100,00%



       PT Bakrie Swasakti Utama            3     99,63%
                                                                          PT Bakrie Pangripta Loka                 4     100,00%


                                                                          PT Bakrie Pesona Rasuna                          98,80%                      PT Provices Karya Mandiri                      96,00%


                                                                          PT Graha Multi Insani                    5     100,00%                       PT Provices Lintas Mandiri                     99,95%


                                                                          PT Rasuna Residence                      6
                                                                                                                                                       PT Provices Prima Mandiri                      99,26%
                                                                          Development                                    100,00%

                                                                                                                                                       PT Provices Total Mandiri                      99,93%
                                                                          PT Provices Indonesia                            99,99%



                                                                                                                                                       PT Maju Makmur Sejahtera                 13   100,00%


                                                                                                                                                       PT Nugraha Adhikarsa Prata               14   100,00%


                                                                                                                                                       PT Inti Permata Sejati               15       100,00%

                                                                          PT Mutiara Masyhur Sejahtera              7       99,21%                     PT Mitra Langgeng Sejahtera 17                100,00%

       BLD Investment Pte, Ltd                   100,00%                  BLD Asia Pte. Lte                              100,00%                       PT Megah Djati Karya                 18       100,00%


       PT Jasa Boga Raya                          85,00%                                                                                               PT Graha Istana Nirwana              16       100,00%


       PT Surya Global Nusantara            8    100,00%                  PT Graha Andrasentra Propertindo Tbk             38,76%

                                                                                                                                                       PT Andrasentra Properti Services               99,99%
       PT Prima Bisnis Utama                9    100,00%

                                                                                                                                                       PT Gili Tirta Anugerah                         99,05%
       PT Citrasaudara Abadi               10    100,00%

                                                                                                                                                       PT Nirwana Estate Management                   99,20%
       PT Bahana Sukma Sejahtera           11    100,00%    Informasi Kepemilikan Tidak Langsung
                                                            Melalui Entitas Anak Dalam Group
       PT Bakrie Nirwana Realty            12    100,00%    1.   Melalui Limitless World International Services-6 Limited 30%
                                                                 melalui PT Bakrie Swasakti Utama 0,01%
                                                            2. Melalui Limitless World International Services-6 Limited 30%
                                                               melalui PT Bakrie Swasakti Utama 0,01%
       PT Krakatau Lampung Tourism Development    99,88%                                                                        Indirect Ownership Information Through Subsidiaries
                                                            3. Melalui Limitless World International Services-6 Limited 30%
                                                            4. Melalui PT Bakrie Swasakti Utama 74%                             Within the Group
       PT Bumi Sentra Investama                    99,99%   5. Melalui PT Bakrie Swasakti Utama 99,20%,                         1.   Through Limitless World International Services-6 Limited
                                                               melalui PT Superwish Perkasa 0,80%                                    is 30% and through PT Bakrie Swasakti Utama 0.01%
                                                            6. Melalui PT Bakrie Swasakti Utama 99,91%,                         2. Through Limitless World International Services-6 Limited
                                                               melalui PT Bakrie Swasakti Utama 0,09%                              is 30% and through PT Bakrie Swasakti Utama 0.01%
                                                            7. Melalui PT Bakrie Swasakti Utama 36,89%,                         3. Through Limitless World International Services-6 Limited 30%
                                                               PT Bumi Daya Makmur 17,2%, PT Superwish Perkasa 42,2%            4. Through PT Bakrie Swasakti Utama 74%
                                                            8. Melalui PT Jasa Boga Raya 0,01%                                  5. Through PT Bakrie Swasakti Utama 99.20%, Through PT Superwish Perkasa 0.80%
                                                            9. Melalui PT Jasa Boga Raya 0,09%                                  6. Through PT Bakrie Swasakti Utama 99.91%, Through PT Bakrie Swasakti Utama 0.09%
                                                            10. Melalui PT Jasa Boga Raya 0,01%                                 7. Through PT Bakrie Swasakti Utama 36,89%, PT Bumi Daya Makmur 17.2%,
                                                            11. Melalui PT Jasa Boga Raya 0,04%                                    PT Superwish Perkasa 42.2%
                                                            12. Melalui PT Citrasaudara Abadi 0,01%                             8. Through PT Jasa Boga Raya 0.01%
                                                            13. Melalui PT Mutiara Masyhur Sejahtera 99,00%                     9. Through PT Jasa Boga Raya 0,09%
                                                                Melalui Nugraha Adhikarsa Pratama 1,00%                         10. Through PT Jasa Boga Raya 0.01%
                                                            14. Melalui PT Mutiara Masyhur Sejahtera 99,00%                     11. Through PT Jasa Boga Raya 0.04%
                                                                Melalui PT Inti Permata Sejati 1,00%
                                                                                                                                12. Through PT Citrasaudara Abadi 0.01%
                                                            15. Melalui PT Mutiara Masyhur Sejahtera 99,00%
                                                                                                                                13. Through PT Mutiara Masyhur Sejahtera 99.00% Through Nugraha Adhikarsa Pratama 1.00%
                                                                Melalui Nugraha Adhikarsa Pratama 1,00%
                                                                                                                                14. Through PT Mutiara Masyhur Sejahtera 99.00% Through PT Inti Permata Sejati 1.00%
                                                            16. Melalui PT Mutiara Masyhur Sejahtera 98,88%
                                                                Melalui Nugraha Adhikarsa Pratama 1,12%                         15. Through PT Mutiara Masyhur Sejahtera 99.00% Through Nugraha Adhikarsa Pratama 1.00%
                                                            17. Melalui PT Mutiara Masyhur Sejahtera 99,01%                     16. Through PT Mutiara Masyhur Sejahtera 98.88% Through Nugraha Adhikarsa Pratama 1.12%
                                                                Melalui Nugraha Adhikarsa Pratama 1,00%                         17. Through PT Mutiara Masyhur Sejahtera 99.01% Through Nugraha Adhikarsa Pratama 1.00%
                                                            18. Melalui PT Mutiara Masyhur Sejahtera 99,00%                     18. Through PT Mutiara Masyhur Sejahtera 99.00%
                                                                Melalui Nugraha Adhikarsa Pratama 1,00%                             Through Nugraha Adhikarsa Pratama 1.00%




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Page 39
                                                                                              Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                        Tata Kelola Perusahaan                      Laporan Berkelanjutan
      Pembahasan Manajemen
                                                        Good Corporate Governance                    Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                          Sustainable Report




Struktur Organisasi
Organizational Structure


Dengan terus memperhatikan perkembangan bisnis ke depan,                              By continuously paying attention to business development
Perseroan telah memiliki struktur organisasi yang sesuai dan                          going forward, the Company retains appropriate organizational
diharapkan setiap lini organisasi mampu menjalankan fungsi dan                        structure and is expected for each line of the organization to
tugasnya sesuai dengan tujuan Perusahaan. Struktur Organisasi                         function and carry out its tasks in line with the Company’s goals.
Perusahaan per 31 Desember 2025, sebagaimana terlampir di                             The Company’s Organizational Structure as of 31 December 2025
bawah ini :                                                                           is as displayed below :




                                                                                                                                      Audit
                                              SHAREHOLDERS’                                                                         Committee
                                                 MEETING
                                                                                                                                         Kanaka P.
                                                                                                                                        Soenarso S
                                                                                      Board of                                          M. Hassan
                                                                                    Commissioners
                                                                                    Bambang Irawan H                              Nomination &
                                                                                    Armansyah Yamin
                                                                                                                                  Remuneration
                                                                                    Kanaka Puradiredja
                                                                                                                                   Committee

                                              President Director                                                                         Kanaka P.
                                                                                                                                        Bambang IH
                                                Resza Adikreshna
                                                                                                                                          Yusri H.




             Director                                                                 Director
                 Sisilia                                                            Melky Aliandri




    Corporate                 Corporate            Corporate Affairs    Corporate Business                                 Corporate                 Corporate
                                                                                                Corporate Legal
Finance & Treasury            Accounting          & Investor Relation     Development                                    Human Capital               Secretary

    Ika Atikah               Lussye Elanika       Nuzirman Nurdin          Bimo Prakoso         Harsya Novwan                                   Harsya Novwan
                                                                                                                          Yusri Hartadi


    Corporate                Management            Corporate Affairs    Corporate Strategic                                                        Corporate
     Treasury                 Reporting                                    Management                                                            Internal Audit
                                                     Andre Satria
                           Barnaz Dwi Endardi                             Yudistira Adi P.                                                      Deri Meidian R.
    Corporate
     Finance
                                                                          Corporate Risk
                                Budget
                                                                          Management &
                                                                           Compliance

                                                                          Deri Meidian R.
                                  Tax

                                                                             Corporate
                                                                            Information
                              Accounting                                    Technology




Keterangan | Notes:

       Board of Commissioners                      Board of Directors                 Directorate                 Division                 Department




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        Kilas Kinerja            Laporan Manajemen                Profil Perusahaan               Unit Pendukung Bisnis
     Performance Highlights        Management Report                Company Profile                  Business Support Unit




     Keanggotaan dalam Asosiasi
     Membership in Associations



                      Unit Usaha                                                  Nama Asosiasi                                           Status
                        Business Unit                                             Name of Association

     Kantor Pusat
     Head Office
     PT Bakrieland Development Tbk                     Indonesia Corporate Secretary Association (ICSA)                               Anggota ~ Member
                                                       Asosiasi Emiten Indonesia (AEI)                                                Anggota ~ Member
                                                       Indonesia Issuers Association (AEI)
     Mal
     Shopping Center
     Plaza Festival                                    Asosiasi Pengelola Pusat Belanja Indonesia (APPBI)                             Anggota ~ Member
                                                       Indonesian Shopping Center Management Association
     Taman Rekreasi
     Recreation Park
     The Jungle Waterpark                              International Association of Amusement Parks and Attractions (IAAPA)           Anggota ~ Member
                                                       Asosiasi Rekreasi Keluarga Indonesia (ARKI)                                    Anggota ~ Member
     Rivera Outbound & Edutainment
                                                       Indonesian Family Recreation Association
                                                       Perhimpunan Usaha Taman Rekreasi Indonesia (PUTRI) – khusus untuk The          Anggota ~ Member
                                                       Jungle Waterpark
                                                       Indonesian Recreational Park Business Association (PUTRI) – specifically for
                                                       The Jungle Waterpark
     Hotel
     The Groves Suites                                 Hotel Human Resources Manager Association (HHRMA) Jakarta                      Anggota ~ Member
     Grand Elty Krakatoa Resort                        Indonesian Hotel General Manager Association (IHGMA) Lampung                   Anggota ~ Member
                                                       Perhimpunan Hotel & Restoran Indonesia (PHRI) Lampung                          Anggota ~ Member
                                                       Indonesian Hotel & Restaurant Association (PHRI) Lampung
     Aston Bogor                                       Perhimpunan Hotel & Restoran Indonesia (PHRI) Bogor                            Anggota ~ Member
                                                       Indonesian Hotel & Restaurant Association (PHRI) Bogor
     The Alana Malioboro                               Perhimpunan Hotel & Restoran Indonesia (PHRI) Yogyakarta                       Anggota ~ Member
                                                       Indonesian Hotel & Restaurant Association (PHRI) Yogyakarta
                                                       Indonesian Hotel General Manager Association (IHGMA) Yogyakarta                Anggota ~ Member
     Swiss-Belresidences Rasuna Epicentrum             Perhimpunan Hotel & Restoran Indonesia (PHRI) Jakarta                          Anggota ~ Member
                                                       Indonesian Hotel & Restaurant Association (PHRI) Jakarta
                                                       Asosiasi Hospitality Leader Indonesia (AHLI)                                   Anggota ~ Member
                                                       Indonesian Hospitality Leader Association (AHLI)
     Aston Sidoarjo                                    Perhimpunan Hotel & Restoran Indonesia (PHRI) Sidoarjo                         Anggota ~ Member
                                                       Indonesian Hotel & Restaurant Association (PHRI) Sidoarjo
     Manajemen Properti
     Property Management
     Provices Indonesia                                Building Owners & Managers Association (BOMA) Chapter Indonesia                Anggota ~ Member




38      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                            www.bakrieland.com
Page 41
                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                          Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                          Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




Perubahan Organisasi yang Bersifat
Signifikan
Significant Changes in the Organization

Sepanjang tahun 2025, tidak terdapat perubahan organisasi yang        Throughout the year 2025, there were no significant changes
berpengaruh signifikan bagi kelangsungan usaha Perseroan.             in the organization that affect the continuity of the Company’s
                                                                      business.




Perubahan Komposisi Anggota Dewan
Komisaris dan Direksi selama 2025
Changes in the Composition of Members of the Board
of Commissioners and the Board of Directors During 2025

Sampai dengan 31 Desember 2025, tidak terdapat perubahan              Until 31 December 2025, there were no changes in the
komposisi Dewan Komisaris dan Direksi.                                composition of Members of the Board of Commissioners and the
                                                                      Board of Directors




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                                                                                                                                        39
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         Kilas Kinerja           Laporan Manajemen                  Profil Perusahaan                 Unit Pendukung Bisnis
     Performance Highlights        Management Report                   Company Profile                  Business Support Unit




     Profil Dewan Komisaris
     Profile of the Board of Commissioners



                                                          Bambang Irawan Hendradi
                                                          Presiden Komisaris
                                                          President Commissioner


                                                          Kewarganegaraan | Nationality : Indonesia

                                                          Usia | Age                             : 75 tahun | 75 years

                                                          Domisili | Domicile                    : Jakarta

                                                          Dasar Pengangkatan | Basis of Appointment
                                                          Keputusan RUPS Tahunan tanggal 28 Juni 2002 dan diangkat kembali sebagai Presiden Komisaris
                                                          pada RUPS Tahunan tanggal 13 Juni 2024.
                                                          Annual GMS Resolution dated 28 June 2002 and reappointed as President Commissioner in the
                                                          Annual GMS of 13 June 2024.

                                                          Riwayat Pendidikan | Educational Background
                                                          Sarjana Teknik Sipil Universitas Trisakti, Jakarta (1977) dan lulus dari Technische Hoge School, Delft,
                                                          The Netherlands (1981).
                                                          Bachelor’s degree (Sarjana) of Civil Engineering from Universitas Trisakti, Jakarta (1977) and graduated
                                                          from Technische Hoge School, Delft, The Netherlands (1981).

                                                          Riwayat Jabatan | Professional Backgroud
                                                          Beliau pernah menjabat sebagai Komisaris Utama PT Minarak Brantas Gas (2019-2021), Komisaris
                                                          Utama PT Graha Andrasentra Propertindo Tbk (2014-2017), Komisaris PT Bakrie Finance Corporation
                                                          (2000-2004), Komisaris PT Bumi Resources Tbk (1997-2003), Direktur PT Bakrie Capital Indonesia
                                                          (1997-2002), Direktur Utama PT Bakrieland Development Tbk (1997-2002), Managing Director
                                                          PT Catur Swasakti Utama (1994-1996), Deputy Director Development PT Catur Swasakti Utama (1992-
                                                          1994), Deputy Coordinator Directorate Property & Leisure PT Bakrie Nusantara Corporation (1991-1992),
                                                          Project Manager Directorate Property & Leisure PT Bakrie Nusantara Corporation (1990- 1991), Direktur
                                                          PT Sanggraha Pelita Jaya (1989-1991), Project Manager Rehabilitasi Stadion Lebak Bulus (1988- 1989),
                                                          Project Manager Pusat Pelatihan PS Pelita Jaya Tahap I B (1987-1989), Direktur Utama Pusat Pelatihan PS
                                                          Pelita Jaya Tahap I A & Diklat Pelita Jaya (1986-1987), Direktur Keuangan PT Pillar Abhimantra (1986-1989),
                                                          Project Manager Bungalow & Club House Cibulan, Jawa Barat (1985-1986) Direktur Utama PT Djarot
                                                          (1984-1988), Executive Secretary Chairman Rigunas Group (1982-1984), Vice President PT Anugerah
                                                          Saraswati (1983- 1985), Komisaris PT Djarot (1977-1983), Operation Manager - Home Delivery Service
                                                          PT Adirama (1975), Direktur Utama PT Djarot (1974- 1976) dan Part Time PT Indohero (1973-1974).


     He served as President Commissioner of PT Minarak Brantas Gas (2019-2021), President Commissioner of PT Graha Andrasentra Propertindo Tbk (2014-
     2017), Commissioner of PT Bakrie Finance Corporation (2000-2004), Commissioner of PT Bumi Resources Tbk (1997-2003), Director at PT Bakrie Capital
     Indonesia (1997-2002), President Director of PT Bakrieland Development Tbk (1997-2002), Managing Director at PT Catur Swasakti Utama (1994-1996),
     Deputy Director of Development at PT Catur Swasakti Utama (1992-1994), Deputy Coordinator in Directorate of Property & Leisure at PT Bakrie Nusantara
     Corporation (1991-1992), Project Manager in Directorate Property & Leisure of PT Bakrie Nusantara Corporation (1990- 1991), Director at PT Sanggraha
     Pelita Jaya (1989-1991), Project Manager for Rehabilitation of Lebak Bulus Stadium (1988- 1989), Project Manager at PS Pelita Jaya Training Centre Stage
     I B (1987-1989), President Director of PS Pelita Jaya Training Centre Stage I A & Pelita Jaya Training (1986-1987), Finance Director at PT Pillar Abhimantra
     (1986-1989), Project Manager of Cibulan Bungalow & Club House, West Java (1985-1986) President Director of PT Djarot (1984-1988), Executive Secretary
     Chairman of Rigunas Group (1982-1984), Vice President of PT Anugerah Saraswati (1983- 1985), Commissioner at PT Djarot (1977-1983), Operation
     Manager - Home Delivery Service at PT Adirama (1975), President Director of PT Djarot (1974- 1976) and Part Time at PT Indohero (1973-1974).

     Rangkap Jabata | Concurrent Position
     Saat ini beliau juga menjabat sebagai Presiden Komisaris PT Darma Henwa Tbk (sejak Juni 2025), Direktur Utama PT Minarak Brantas Gas (sejak Januari
     2021), Komisaris Utama PT Gaia Energi Baik (sejak 2016), Anggota Pembina Yayasan Pendidikan Bakrie (sejak 2005) dan Komisaris PT Bakrie Capital
     Indonesia (sejak Juli 2008).
     Concurrently he is the President Commissioner of PT Darma Henwa Tbk (since June 2025, President Director of PT Minarak Brantas Gas (since Januari
     2021), President Commissioner of PT Gaia Energi Baik (since 2016), Member of the Supervisory Board of Bakrie Education Foundation (since 2005) and
     Commissioner of PT Bakrie Capital Indonesia (since July 2008).

     Hubungan Afiliasi | Affiliation
     Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun anggota Direksi lainnya. Namun, beliau terafiliasi dengan Pemegang Saham
     Pengendali.
     No affiliation with other members of the Board of Commissioners nor members of the Board of Directors. However, he is affiliated with the Controlling
     Shareholder.




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                                                                                         Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                    Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                                    Good Corporate Governance                   Corporate Social Responsibility/
    Management Discussion and Analysis
                                                                                                     Sustainable Report




                                                                                                                      Profil Dewan Komisaris
                                                                                                                 Profile of the Board of Commissioners




                                                     Armansyah Yamin
                                                     Komisaris
                                                     Commissioner



                                                     Kewarganegaraan | Nationality : Indonesia
                                                     Usia | Age                            : 73 tahun | 73 years
                                                     Domisili | Domicile                   : Jakarta
                                                     Dasar Pengangkatan | Basis of Appointment
                                                     Keputusan RUPS Luar Biasa tanggal 9 Juni 2011 dan diangkat kembali sebagai Komisaris pada RUPS
                                                     Tahunan tanggal 13 Juni 2024.
                                                     Extraordinary GMS Resolution dated 9 June 2011 and reappointed as Commissioner in the Annual
                                                     GMS on 13 June 2024.

                                                     Riwayat Pendidikan | Educational Background
                                                     Akademi Penerbangan Indonesia, Jakarta (1972), Instructor and Test Pilot Program British Aerospace,
                                                     Manchester, Inggris (1976), Airline Management Course Philippine Airlines, Philippine University,
                                                     Manila (1978) dan Institute Commodity of London, Inggris (1986-1987).
                                                     Indonesian Aviation Academy, Jakarta (1972), Instructor and Test Pilot Program at British Aerospace,
                                                     Manchester, UK (1976), Airline Management Course of the Philippine Airlines, Philippine University,
                                                     Manila (1978) and Institute of Commodity of London, UK (1986-1987).

                                                     Riwayat Jabatan | Professional Backgroud
                                                     Beliau penah menjabat sebagai Komisaris PT Bakrie & Brothers Tbk (Juni 2009 - Juli 2022), Komisaris
                                                     Utama PT Bakrie Nirwana Semesta (2015-2019), Presiden Komisaris PT Bakrie Swasakti Utama (2011-
                                                     2015), Komisaris Utama PT Graha Andrasentra Propertindo Tbk (2011-2014), Direktur Utama PT Arm & Ken
                                                     Investment (2007-2011), Direktur Utama Perusda Bersujud, Kalimantan Selatan (2003-2007), Komisaris
                                                     Utama PT Asuransi Ikrar Lloyd (1998-2002), Vice President Director Bakrie Trading (1993-1998), Managing
                                                     Director Lewis & Peat International, Singapore (1991-1993), Head of Representative Mindo Commodity
                                                     Europe, Hamburg, Jerman (1987- 1991), Special Project Manager PT Bakrie & Brothers (1985-1986) dan
                                                     PT Bouraq Indonesia Airlines (1973-1984).




He served as Commissioner at PT Bakrie & Brothers Tbk (June 2009 - July 2022), President Commissioner at PT Bakrie Nirwana Semesta (2015-2019), President
Commissioner at PT Bakrie Swasakti Utama (2011-2015), President Commissioner at PT Graha Andrasentra Propertindo Tbk (2011-2014), President Director
of PT Arm & Ken Investment (2007-2011), President Director of Perusda Bersujud, South Kalimantan (2003-2007), President Commissioner at PT Asuransi
Ikrar Lloyd (1998-2002), Vice President Director at Bakrie Trading (1993-1998), Managing Director at Lewis & Peat International, Singapore (1991-1993), Head
of Representative of Mindo Commodity Europe, Hamburg, Jerman (1987- 1991), Special Project Manager at PT Bakrie & Brothers (1985-1986) and PT Bouraq
Indonesia Airlines (1973-1984).

Rangkap Jabatan | Concurrent Position
Saat ini beliau juga menjabat sebagai Komisaris Utama PT Bakrie & Brothers Tbk (sejak Juli 2022) dan Komisaris PT. Krakatau Lampung Tourism Development
(sejak 2018).
Concurrently he is President Commissioner of PT Bakrie & Brothers Tbk (since July 2022) and Commissioner of PT Krakatau Lampung Tourism Development
(since 2018).

Hubungan Afiliasi | Affiliation
Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun anggota Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham
Pengendali.
No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with the Controlling Shareholder.




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         Kilas Kinerja          Laporan Manajemen                 Profil Perusahaan              Unit Pendukung Bisnis
      Performance Highlights      Management Report                  Company Profile                  Business Support Unit




     Profil Dewan Komisaris
     Profile of the Board of Commissioners




                                                        Kanaka Puradiredja
                                                        Komisaris Independen
                                                        Independent Commissioner



                                                        Kewarganegaraan | Nationality : Indonesia
                                                        Usia | Age                          : 82 tahun | 82 years
                                                        Domisili | Domicile                 : Bogor


                                                        Dasar Pengangkatan | Basis of Appointment
                                                        Keputusan RUPS Luar Biasa tanggal 19 Desember 2008 dan diangkat kembali sebagai Komisaris
                                                        Independen pada RUPS Tahunan tanggal 13 Juni 2024.
                                                        Extraordinary GMS Resolution dated 19 December 2008 and reappointed as Independent
                                                        Commissioner in Annual GMS of 13 June 2024.

                                                        Riwayat Pendidikan | Educational Background
                                                        Akuntansi, Fakultas Ekonomi, Universitas Padjadjaran, Bandung.
                                                        Accounting major, Faculty of Economics, Universitas Padjadjaran, Bandung.

                                                        Riwayat Jabatan | Professional Backgroud
                                                        Beliau mempunyai pengalaman lebih dari 30 tahun sebagai Akuntan Publik, pernah menjabat sebagai
                                                        Managing Partner dan Chaiman KPMG Indonesia, Senior Partner pada KAP Kanaka Puradiredja,
                                                        Suhartono, Ketua Majelis Kehormatan Ikatan Akuntan Indonesia (IAI), Ketua Dewan Kehormatan Ikatan
                                                        Komite Audit Indonesia (IKAI), Anggota Komite Nasional Kebijakan Governance (KNKG) dan Ketua Tim
                                                        Perumus Pedoman Governansi Korporat Indonesia 2019.
                                                        He served for 30 years as a Public Accountant, and as Managing Partner and Chairman of KPM
                                                        Indonesia, Senior Partner at Public Accounting Office KAP Kanaka Puradiredja, Suhartono, Superisory
                                                        Board of Aceh Rehabilitation and Reconstruction, member of the International Transparency Executive
                                                        Board, Chairman of Indonesia Accounting Association (IAI) Honorary Board, Chairman of the Indonesia
                                                        Audit Committee Association (IKAI) Honorary Board, Member of the Governance Policy National
                                                        Committee (KNKG) and Head of the Indonesian Corporate Governance Guidelines Formulation Team.




     Rangkap Jabatan | Concurrent Position
     Saat ini beliau juga menjabat sebagai Ketua Badan Pengurus Lembaga Komisaris dan Direktur Indonesia (LKDI), Anggota Dewan Pakar Komite Nasional
     Kebijakan Governance (KNKG), Anggota Dewan Kehormatan Professional in Risk Management Association, Ketua Dewan Sertifikasi Ikatan Komite Audit
     Indonesia (IKAI) dan Ketua dan Anggota Komite Audit di berbagai perusahaan publik.
     Concurrently serving as the Chairman of the Board of Directors of the Indonesian Board of Commissioners and Directors (LKDI), Member of the Board of
     Expertise of the National Governance Policy Committee (KNKG), Member of the Professional Honorary Board in Risk Management Association, Chairman
     of the Certification Board of the Indonesian Audit Committee Association (IKAI), and Chairman and Member of the Audit Committees in various public
     companies.

     Hubungan Afiliasi | Affiliation
     Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun anggota Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham
     Pengendali.
     No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with the Controlling Shareholder.




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                                                                                        Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                   Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                                   Good Corporate Governance                  Corporate Social Responsibility/
    Management Discussion and Analysis
                                                                                                   Sustainable Report




Profil Direksi
Board of Directors Profile



                                                     Resza Adikreshna
                                                     Presiden Direktur
                                                     President Director



                                                     Kewarganegaraan | Nationality : Indonesia

                                                     Usia | Age                           : 45 tahun | 45 years

                                                     Domisili | Domicile                  : Jakarta

                                                     Dasar Pengangkatan | Basis of Appointment
                                                     Keputusan RUPS Tahunan tanggal 13 Juni 2024.
                                                     Annual GMS Resolution dated 13 June 2024.

                                                     Riwayat Pendidikan | Educational Background
                                                     Advanced Diploma, TAFE WASDM, Western Australia, Bachelor of Commerce, Curtin University,
                                                     Perth, Western Australia dan Master Management, Lembaga Pendidikan Management Indonesia.
                                                     Advanced Diploma at TAFE WASDM, Western Australia; Bachelor of Commerce, Curtin University,
                                                     Perth, Western Australia; and Master’s degree in Management at the Indonesian Management
                                                     Education Institute.

                                                     Riwayat Jabatan | Professional Backgroud
                                                     Beliau pernah menjabat sebagai Division Head Thematic Campaign, PT Bakrie Telecom Tbk (2004
                                                     -2005), Marketing Communication Manager United Premas (2002-2004) dan Assistant Manager
                                                     Marketing Communication, PT Intiland Group (ERA Division) (1998 -2002).
                                                     He served as Division Head of Thematic Campaign at PT Bakrie Telecom Tbk (2004-2005); Marketing
                                                     Communication Manager at United Premas (2002-2004); and Assistant Manager of Marketing
                                                     Communication at PT Intiland Group (ERA Division) (1998-2002)




Rangkap Jabatan | Concurrent Position
Saat ini beliau juga menjabat sebagai Komisaris PT Surya Global Nusantara (sejak Oktober 2024), Komisaris Utama
PT Rasuna Residence Development (sejak Februari 2024), Direktur Utama PT Mutiara Masyhur Sejahtera (sejak Februari 2024), Komisaris Utama
PT Bakrie Pesona Rasuna (sejak Januari 2024), Komisaris Utama PT Provices Indonesia (sejak Januari 2024), Presiden Direktur
PT Bakrie Swasakti Utama (sejak Desember 2023), Direktur Utama PT Graha Andrasentra Propertindo Tbk (sejak Juni 2022), Presiden Direktur PT Jungleland Asia
(sejak 2021), Direktur Utama PT Krakatau Lampung Tourism Development (sejak 2018), Presiden Direktur PT Mahala Langgeng Abadi (sejak 2005) dan Direktur
PT Tatamasa Group (sejak 2005).
Concurrently he serves as Commissioner at PT Surya Global Nusantara (since October 2024), President Commissioner at PT Rasuna Residence
Development (since February 2024), President Director at PT Mutiara Masyhur Sejahtera (since February 2024), President Commissioner at
PT Bakrie Pesona Rasuna (since January 2024), President Commissioner at PT Provices Indonesia (since January 2024), President Director at
PT Bakrie Swasakti Utama (since December 2023), President Director at PT Graha Andrasentra Propertindo Tbk (since June 2022), President
Director PT Jungleland Asia (since 2021), President Director at at PT Krakatau Lampung Tourism Development (since 2018), President Director at
PT Mahala Langgeng Abadi (since 2005) and Director at PT Tatamasa Group (since 2005).

Hubungan Afiliasi | Affiliation
Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun anggota Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham
Pengendali.
No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with the Controlling Shareholder.




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         Kilas Kinerja             Laporan Manajemen               Profil Perusahaan                 Unit Pendukung Bisnis
      Performance Highlights        Management Report                  Company Profile                 Business Support Unit




     Profil Direksi
     Profile of the Board of Directors




                                                          Melky Aliandri
                                                          Direktur
                                                          Director



                                                          Kewarganegaraan | Nationality : Indonesia
                                                          Usia | Age                            : 49 tahun | 49 years
                                                          Domisili | Domicile                   : Jakarta


                                                          Dasar Pengangkatan | Basis of Appointment
                                                          Keputusan RUPS Tahunan tanggal 13 Juni 2024.
                                                          Annual GMS Resolution dated 13 June 2024.

                                                          Riwayat Pendidikan | Educational Background
                                                          Sarjana Teknik Sipil, Universitas Islam Indonesia, Yogyakarta dan Master of Business Administration,
                                                          Universitas Gajah Mada, Yogyakarta.
                                                          Bachelor’s degree (Sarjana) in Civil Engineering from Universitas Islam Indonesia, Yogyakarta, and
                                                          Master’s degree in Business Administration from Universitas Gajah Mada, Yogyakarta.

                                                          Riwayat Jabatan | Professional Backgroud
                                                          Beliau pernah menjabat sebagai Direktur PT Jungleland Asia (2021-2022), Chief Operating Officer
                                                          PT Bakrie Swasakti Utama (2013-2018), Facilty Management Region 1 Head PT. Bank Danamon
                                                          Indonesia Tbk (2008), General Manager PT Colliers International (2005-2007), General Manager
                                                          PT Premas International (2004-2005) dan Building Operation Manager PT Ramayana Lestari Sentosa
                                                          Tbk (2002-2004).
                                                          He served as Director at PT Jungleland Asia (2021-2022), Chief Operating Officer at PT Bakrie Swasakti
                                                          Utama (2013-2018), Head of Facility Management Region 1 at PT. Bank Danamon Indonesia Tbk (2008),
                                                          General Manager at PT Colliers International (2005-2007), General Manager at PT Premas International
                                                          (2004-2005), and Building Operation Manager at PT Ramayana Lestari Sentosa Tbk (2002-2004).




     Rangkap Jabatan | Concurrent Position
     Saat ini beliau juga menjabat sebagai Direktur PT Mutiara Masyhur Sejahtera (sejak Februari 2024), Direktur PT Rasuna Residence Development (sejak
     Februari 2024), Direktur PT Bakrie Pesona Rasuna (sejak Januari 2024), Direktur PT Krakatau Lampung Tourism Development (sejak November 2023),
     Direktur PT Graha Andrasentra Propertindo Tbk (sejak Juni 2022), Direktur PT Bakrie Swasakti Utama (sejak April 2018) dan Direktur/CEO PT Provices
     Indonesia (sejak Mei 2014).
     Concurrrently he serves as Director at PT Mutiara Masyhur Sejahtera (since February 2024), Director at PT Rasuna Residence Development (since February
     2024), Director at PT Bakrie Pesona Rasuna (since January 2024), Director at PT Krakatau Lampung Tourism Development (since November 2023), Director
     at PT Graha Andrasentra Propertindo Tbk (since June 2022),Director at PT Bakrie Swasakti Utama (since April 2018) and Director/CEO at PT Provices
     Indonesia (since May 2014).

     Hubungan Afiliasi | Affiliation
     Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun anggota Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham
     Pengendali.
     No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with the Controlling Shareholder.




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                                                                                      Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                  Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                                  Good Corporate Governance                Corporate Social Responsibility/
    Management Discussion and Analysis
                                                                                                Sustainable Report




                                                                                                                                  Profil Direksi
                                                                                                                     Profile of the Board of Directors




                                                   Sisillia
                                                   Direktur
                                                   Director



                                                   Kewarganegaraan | Nationality : Indonesia
                                                   Usia | Age                          : 48 tahun | 48 years
                                                   Domisili | Domicile                 : Jakarta


                                                   Dasar Pengangkatan | Basis of Appointment
                                                   Keputusan RUPS Tahunan tanggal 13 Juni 2024.

                                                   Annual GMS Resolution dated 13 June 2024.

                                                   Riwayat Pendidikan | Educational Background
                                                   Sarjana Ekonomi, Universitas Terbuka, Jakarta

                                                   Bachelor’s degree (Sarjana) in Economics, Universitas Terbuka, Jakarta

                                                   Riwayat Jabatan | Professional Backgroud
                                                   Beliau pernah menjabat Chief Finance Officer, PT Jungleland Asia (2021-2022), General Manager
                                                   Finance & Accounting, PT Mahala Langgeng Abadi (2011-2021), Manager Finance & Accounting,
                                                   PT Primanaya Jasa Boga (2009-2011), Manager Finance & Accounting, PT Pacific Food Indonesia
                                                   (2005-2009) dan Assistant Finance & Accounting, PT Pacific Food Indonesia (2001-2005).

                                                   She served Chief Finance Officer at PT Jungleland Asia (2021-2022), General Manager of Finance
                                                   & Accounting at PT Mahala Langgeng Abadi (2011-2021), Manager Finance & Accounting at
                                                   PT Primanaya Jasa Boga (2009-2011), Manager Finance & Accounting at PT Pacific Food Indonesia
                                                   (2005-2009) and Assistant Finance & Accounting at PT Pacific Food Indonesia (2001-2005).




Rangkap Jabatan | Concurrent Position
Saat ini beliau juga menjabat sebagai CFO PT Bakrie Swasakti Utama (sejak Desember 2023), CFO PT Rasuna Residence Development (sejak Januari 2024),
CFO PT Mutiara Masyhur Sejahtera (sejak Januari 2024), CFO PT Bakrie Pesona Rasuna (sejak Januari 2024), CFO PT Provices Indonesia (sejak Januari
2024), CFO PT Krakatau Lampung Tourism Development (sejak Desember 2023) dan CFO PT Graha Andrasentra Propertindo Tbk (sejak Juni 2022).

Concurrently she serves as CFO at PT Bakrie Swasakti Utama (since December 2023), CFO at PT Bumi Daya Makmur (since January 2024), CF at PT Mutiara
Masyhur Sejahtera (since Januariy 2024), CFO at PT Bakrie Pesona Rasuna (since January 2024), CFO at PT Rasuna Residence Development (since January
2024), CFO at PT Provices Indonesia (since January 2024), CFO at PT Krakatau Lampung Tourism Development (since December 2023), and CFO at
PT Graha Andrasentra Propertindo Tbk (since June 2022).

Hubungan Afiliasi | Affiliation
Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris maupun anggota Direksi lainnya, serta tidak terafiliasi dengan Pemegang Saham
Pengendali.

No affiliation with other members of the Board of Commissioners, members of the Board of Directors, nor with the Controlling Shareholder.




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        Kilas Kinerja         Laporan Manajemen            Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights    Management Report             Company Profile             Business Support Unit




     Daftar Entitas Anak
     List of Subsidiaries



      Nama Entitas Anak, Entitas Asosiasi,
          dan Perusahaan Ventura                                                             Alamat
         Name of Subsidiary, Associated Entity, and                                           Address
                   Venture Company

     PT Bakrie Swasakti Utama                            Epiwalk Office Suite, Lt. 6, Komplek Rasuna Epicentrum
                                                         Jl. H.R. Rasuna Said, Jakarta Selatan 12940T
                                                         el. +62 21 52906666
                                                         Fax. +62 21 29057777
     PT Graha Andrasentra Propertindo Tbk                Gedung UFO Lantai 3
                                                         Jl. Dreded-Pahlawan (Jl. Bogor Nirwana Residence) Mulyaharja, Bogor Selatan,
                                                         Bogor 16132
                                                         Tel. +62 251 52906666
                                                         Fax. +62 212905777
     PT Krakatau Lampung Tourism Development             Jl. Trans Sumatera Km 45 Desa Merak Belantung, Kalianda, Lampung Selatan
                                                         35551
                                                         Tel. (0727) 322900
     PT Superwish Perkasa                                Epiwalk Office Suite, Lt. 6 Unit A601, Komplek Rasuna Epicentrum
                                                         Jl. H.R. Rasuna Said, Jakarta Selatan 12940T
                                                         el. +62 21 52906666
                                                         Fax. +62 21 29057777
     PT Bumi Daya Makmur                                 Epiwalk Office Suite, Lt. 6 Unit A601, Komplek Rasuna Epicentrum
                                                         Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                         Tel. +62 21 52906666
                                                         Fax. +62 21 29057777
     PT Bakrie Nirwana Realty                            Bakrie Nirwana Realty
                                                         Jl. Bogor Nirwana Raya Mulyaharja, Bogor Selatan, Bogor 16132
                                                         Tel. +62 251 8211290
                                                         Fax. +62 251 8211295
     PT Prima Bisnis Utama                               Wisma Bakrie 1, Lt. 6
                                                         Jl. H.R. Rasuna Said Kav. B-1, Kuningan, Jakarta Selatan 12920
     PT Surya Global Nusantara                           Wisma Bakrie 1, Lt. 6
                                                         Jl. H.R. Rasuna Said Kav. B-1, Kuningan, Jakarta Selatan 12920
     BLD Investment Pte. Ltd                             10 Anson Road #03-05 International Plaza Singapore 079903
                                                         Tel. +65 63233956/57
                                                         Fax. +65 63233959
     Limitless World International Services 6 Limited    P.O. Box 17000 Dubai United Arab Emirates
     PT Bahana Sukma Sejahtera                           Jl. Pasir Pogor, Cipelang, Kecamatan Cijeruk, Kabupaten Bogor, Jawa Barat 16740
     PT Jasa Boga Raya                                   Main Kitchen Jungleland
                                                         Kawasan Sentul Nirwana Jl. Jungleland No. 1, Karang Tengah, Kec. Babakan
                                                         Madang, Kabupaten Bogor, Jawa Barat 16810
                                                         Tel. +62 21 87962194
                                                         Fax. +62 21 87962194




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                                                                            Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                          Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                          Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                                                Daftar Entitas Anak
                                                                                                                      List of Subsidiaries




  Nama Entitas Anak, Entitas Asosiasi,
      dan Perusahaan Ventura                                                              Alamat
   Name of Subsidiary, Associated Entity, and                                              Address
             Venture Company

 PT Bakrie Pesona Rasuna                           Gedung Plaza Festival
                                                   Jl. H.R. Rasuna Said Kav. C-22, Kuningan, Jakarta 12940
                                                   Tel. +62 21 5263212
                                                   Fax. +62 21 5263144
 PT Rasuna Residence Development                   Epiwalk Office Suites Lt. 6 Unit A640, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 83705555
                                                   Fax. +62 21 8378624
 PT Bakrie Pangripta Loka                          Jl. Sentra Primer Timur Pulogebang, Cakung Jakarta Timur 13950
                                                   Tel. +62 21 48704999
                                                   Fax. +62 21 48703182
 PT Graha Multi Insani                             Epiwalk Office Suite, Lantai 6 Unit A615, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 52906666
                                                   Fax. +62 21 29057777
 PT Provices Indonesia                             Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Lintas Mandiri                        Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Prima Mandiri                         Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Karya Mandiri                         Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Total Mandiri                         Gedung Bakrie Tower, Lt. 80, Komplek Rasuna EpicentrumJl. H.R. Rasuna Said,
                                                   Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Mutiara Masyhur Sejahtera                      Jl. Kahuripan Raya Kav. 7 Sidoarjo – Jawa Timur
                                                   Tel. +62 31 8833999
                                                   Fax. +62 31 8822555




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        Kilas Kinerja          Laporan Manajemen           Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights     Management Report            Company Profile             Business Support Unit




     Daftar Entitas Anak
     List of Subsidiaries




       Nama Entitas Anak, Entitas Asosiasi,
           dan Perusahaan Ventura                                                            Alamat
         Name of Subsidiary, Associated Entity, and                                           Address
                   Venture Company

      PT Inti Permata Sejati                             Jl. Kahuripan Raya Kav. 7 Sidoarjo – Jawa Timur
                                                         Tel. +62 31 8833999
                                                         Fax. +62 31 8822555
      PT Maju Makmur Sejahtera                           Jl. Kahuripan Raya Kav. 7 Sidoarjo – Jawa Timur
                                                         Tel. +62 31 8833999
                                                         Fax. +62 31 8822555
      PT Nugraha Adhikara Pratama                        Jl. Kahuripan Raya Kav. 7 Sidoarjo – Jawa Timur
                                                         Tel. +62 31 8833999
                                                         Fax. +62 31 8822555
      PT Mitra Langgeng Sejahtera                        Jl. Kahuripan Raya Kav. 7 Sidoarjo – Jawa Timur
                                                         Tel. +62 31 8833999
                                                         Fax. +62 31 8822555
      PT Megah Jati Karya                                Kondominium Puncak Marina, Tower 2 Lt. 2
                                                         Jl. Raya Margorejo Indah XVII/2-4 Surabaya
                                                         Tel. +62 31 8833999
                                                         Fax. +62 31 8822555
      BLD Asia Pte. Ltd                                  10 Anson Road #03-05 International Plaza Singapore 079903
                                                         Tel. +65 63233956/57
                                                         Fax. +65 63233959
      PT Andrasentra Properti Services                   Komplek Perumahan Umum Bogor Nirwana Residence,
                                                         Jalan Bogor Nirwana Raya (Dreded-Pahlawan),
                                                         Kelurahan Mulyaharja, Kecamatan Bogor Selatan
                                                         Tel. +62 251 8211290
                                                         Fax. +62 251 8211295
      PT Citrasaudara Abadi                              Wisma Bakrie 1, Lantai 6
                                                         Jl. H.R. Rasuna Said, Kav. B-1, Kuningan,Jakarta Selatan 12920
      PT Bumi Sentra Investama                           Wisma Bakrie 1, Lantai 6
                                                         Jl. H.R. Rasuna Said, Kav. B-1, Kuningan,Jakarta Selatan 12920
      PT Graha Istana Nirwana                            Perum Kahuripan Jl. Kahuripan Raya Kav. 14, Kab. Sidoarjo, Jawa Timur
      PT Gili Tirta Anugerah                             Bogor Nirwana Residence
                                                         Jl. Bogor Nirwana Raya (Dereded - Pahlawan), Kota Bogor 16132
      PT Nirwana Estate Management                       Ruko Orchard Walk Arcade Blok C No.23
                                                         Bogor Nirwana Residence
                                                         Jl. Bogor Nirwana Raya (Dereded - Pahlawan)
                                                         Kota Bogor 16132




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                                                                                 Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                             Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




Nama Pemegang Saham Utama dan
Pengendalian dengan Presentase
Kepemilikan
Name of Major and Controlling Shareholder
with Percentage of Ownership

Pemegang Saham Utama dan Pengendali dengan Persentase Kepemilikan
Name of Major and Controlling Shareholders with Percentage of Ownership

                                                     31 Desember 2025                                          31 Desember 2024
          Pemegang Saham                             31 December 2025                                          31 December 2024
            Shareholder                 Jumlah Saham (Lembar)            Kepemilikan (%)     Jumlah Saham (Lembar)          Kepemilikan (%)
                                          Total Shares (Share)            Ownership (%)        Total Shares (Share)          Ownership (%)
 PT Bakrie Capital Indonesia*                     458.433.422**                      1,05                  458.433.422**                1,05
 Pemegang Saham Non-Pengendali                   43.063.479.597                    98,95                  43.063.479.597              98,95
 Total                                            43.521.913.019                     100                   43.521.913.019               100
* Pengendali PT Bakrie Capital Indonesia dan Founder Perseroan adalah Bapak Nirwan Dermawan Bakrie
** Termasuk kepemilikan 16,162,000 saham melalui Long Houl Holdings, Ltd
* The Controller of PT Bakrie Capital Indonesia and the founder of the Company is Mr.Nirwan Dermawan Bakrie
** Including Ownership of 16,162,000 shares through Long Houl Holdings, Ltd


Komposisi Pemegang Saham dengan Kepemilikan > 5%
Composition of Shareholders with Ownership > 5%

                                                     31 Desember 2025                                          31 Desember 2024
          Pemegang Saham                             31 December 2025                                          31 December 2024
            Shareholder                 Jumlah Saham (Lembar)            Kepemilikan (%)     Jumlah Saham (Lembar)          Kepemilikan (%)
                                          Total Shares (Share)            Ownership (%)        Total Shares (Share)          Ownership (%)
 KPD Simas Equity Fund 2                           2.329.095.649                    5,35                    2.329.095.649              5,35
 Interventures Capital Pte, Ltd                   2.227.645.000                      5,12                   2.227.645.000               5,12
 Total                                            4.556.740.649                    10,47                   4.556.740.649              10,47


Komposisi Pemegang Saham dengan Kepemilikan < 5%
Composition of Shareholders with Ownership < 5%

                                                     31 Desember 2025                                          31 Desember 2024
          Pemegang Saham                             31 December 2025                                          31 December 2024
            Shareholder                 Jumlah Saham (Lembar)            Kepemilikan (%)     Jumlah Saham (Lembar)          Kepemilikan (%)
                                          Total Shares (Share)            Ownership (%)        Total Shares (Share)          Ownership (%)
 Masyarakat Publik                                38.965.172.370                   89,53                   38.965.172.370             89,53
 Public
 Total                                           38.965.172.370                    89,53                  38.965.172.370              89,53




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        Kilas Kinerja         Laporan Manajemen             Profil Perusahaan             Unit Pendukung Bisnis
     Performance Highlights    Management Report              Company Profile               Business Support Unit




     Nama Pemegang Saham Utama dan Pengendalian dengan Presentase Kepemilikan
     Name of Major and Controlling Shareholder with Percentage of Ownership




     Komposisi Pemegang Saham Berdasarkan Klasifikasi
     Composition of Shareholders Based on Classification

          Klasifikasi Pemegang Saham               Jumlah Pemegang Saham            Jumlah Saham (Lembar)           Kepemilikan (%)
           Shareholder Classification                 Total Shareholder               Total Shares (Share)           Ownership (%)
      Pemodal Nasional
      Domestic Investor
      Broker                                                                35                    206.679.331                         0,47
      Pemerintah Indonesia                                                      –                               –                        –
      Government of Indonesia
      Individu – Domestik                                              38.411                24.594.580.648                           56,51
      Individual – Domestic
      Individu Asing (KITAS–NPWP)                                           32                     47.633.700                          0,11
      Individual – Foreign (KITAS-NPWP)
      Insurance NPWP                                                            8              2.346.585.877                           5,39
      Koperasi                                                                  3                   2.600.000                          0,01
      Cooperatives
      Mutual Fund                                                           19                  4.755.131.044                         10,93
      Pension Fund                                                          22                    656.621.203                          1,51
      Perusahaan Terbatas Non-NPWP                                              1                       25.000                        0,00
      Limited Liability Company Non-NPWP
      Terbatas NPWP                                                       176                   5.761.535.300                         13,24
      Limited NPWP
      Yayasan NPWP                                                              5                    5.577.884                         0,01
      Foundation NPWP
      Sub Total Pemodal Nasional                                       38.712                 38.376.969.987                          88,18
      Sub Total of Domestic Investor
      Pemodal Asing
      Foreign Investor
      Individu                                                             87                    150.835.204                          0,35
      Individual
      Institusi                                                            55                  4.994.107.828                          11,47
      Institution
      Sub Total Pemodal Asing                                             142                  5.144.943.032                          11,82
      Sub Total of Foreign Investor
      Total                                                           38.854                  43.521.913.019                           100




50       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                             www.bakrieland.com
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                                                                                 Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                              Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




Kepemilikan Saham oleh Dewan
Komisaris dan Direksi
Share Ownership by the Board of Commissioners
and the Board of Directors


Hingga 31 Desember 2025, tidak ada anggota Dewan Komisaris                Until 31 December 2025, there were no members of the Board
dan Direksi yang memiliki saham atas Perseroan baik secara                of Commissioners and the Board of Directors who directly or
langsung maupun tidak langsung.                                           indirectly owned shares in the Company.




Kronologis Pencatatan Saham
Chronology of Stock Listing


Saham Perseroan dicatatkan di Bursa Efek Indonesia (BEI). Jumlah          Company shares are listed on the Indonesian Stock Exchange
saham beredar Perseroan per 31 Desember 2025 adalah sebanyak              (BEI). Total number of outstanding shares as of 31 December
43.521.913.019 lembar saham.                                              2025 is 43.521.913.019.


          Tahun Pencatatan                              Kegiatan                      Saham Terakumulasi                 Nominal Terakumulasi
            Year of Listing                             Activity                      Accumulated Shares                 Accumulated Nominal
 29 Oktober 1995                        Pra Penawaran Umum Saham Perdana                           240.000.000                120.000.000.000
 29 October 1995                        Pre Initial Public Offering
 30 Oktober 1995                        Penawaran Umum Saham Perdana                                350.000.000               175.000.000.000
 30 October 1995                        Initial Public Offering
 6 Oktober 1997                         Penawaran Umum Terbatas I (1:3)                          1.400.000.000               700.000.000.000
 6 October 1997                         Limited Public Offering I (1:3)
 12 Desember 2005                       Penawaran Umum Terbatas II (1:3)                         5.600.000.000               1.120.000.000.000
 12 December 2005                       Limited Public Offering II (1:3)
 1 Mei 2007                             Penawaran Umum Terbatas III (2:5)                       19.600.000.000              2.520.000.000.000
 1 May 2007                             Limited Public Offering III (2:5)
 1 November 2007 – 30 April 2010        Pelaksanaan Waran I                                          359.885.695                35.988.569.500
 1 November 2007- 30 April 2010         Implementation of Warrant I
 9 Juli 2010                            Penawaran Umum Terbatas IV (1:1)                          39.919.771.390              4.551.977.139.000
 9 July 2010                            Limited Public Offering IC (1:1)
 26 Januari 2011 - 26 Januari 2012      Pelaksanaan Waran II                                        3.602.141.629              594.353.368.785
 26 January 2011 – 26 January 2012      Implementation of Warrant II
 31 Januari 2012                        Saham Ditempatkan dan Disetor Penuh                       43.521.913.019              4.912.191.301.900
 31 January 2012                        Issued and Fully Paid Shares




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        Kilas Kinerja         Laporan Manajemen               Profil Perusahaan                Unit Pendukung Bisnis
     Performance Highlights     Management Report               Company Profile                  Business Support Unit




     Kronologis Penerbitan Efek Lainnya
     Chronology of Issuance of Other Securities



     Sepanjang tahun 2025, Perseroan tidak menerbitkan obligasi/                  Throughout the year 2025, the Company did not issue bonds/
     sukuk/obligasi konversi sehingga tidak terdapat informasi                    sukuk/convertible bonds that there was no information on the
     mengenai jumlah obligasi/sukuk/obligasi konversi yang beredar,               number of bonds/sukuk/convertible bonds in circulation, interest/
     tingkat bunga/imbalan, tanggal jatuh tempo dan peringkat                     yield rate, maturity date, and bonds/sukuk rating.
     obligasi/sukuk.




     Kantor Akuntan Publik
     Publilc Accounting Firm

     Sesuai hasil Rapat Umum Pemegang Saham yang diselenggarakan                  As per result of the General Meeting of Shareholders held on
     tanggal 1 Juli 2025, serta berdasarkan penunjukan Dewan Komisaris            1 July 2025, and based on the appointment of the Board of
     tanggal 2 Juli 2025, Perseroan memutuskan menggunakan jasa                   Commissioners dated 2 July 2025, the Company decided to
     Kantor Akuntan Publik Y. Santosa dan Rekan dengan Akuntan                    appoint the Public Accounting Firm Y. Santosa and Partner with
     Publik yaitu Bapak Tjiendradjaja Yamin untuk melakukan audit                 Public Accounting Firm Tjiendradjaja Yamin to conduct the audit
     terhadap laporan keuangan Perseroan yang berakhir pada tanggal               on the Company’s financial report which ended on 31 December
     31 Desember 2025.                                                            2025.


     Berikut informasi mengenai KAP dan Akuntan Publik serta jasa                 Following is information on the Public Accounting Firm and Public
     atestasi yang ditawarkan untuk tahun buku 2025:                              Accountant as well as the attestation services offered for the
                                                                                  financial yar 2025:


                 Kantor Akuntan Publik                                                     Y. Santosa dan Rekan
                 Public Accounting Firm                                                    Y.Santosa and Partner

      Alamat                                        Jl. Sisingamangaraja No. 26, 2nd Floor, Jakarta 12110
      Address                                       Tel. +62 21 723 0589
                                                    Fax. +62 21 7278 8954
      Nama Akuntan Publik                           Tjiendradjaja Yamin
      Name of Public Accountant
      Jasa yang Diberikan                           Jasa Audit:
      Services Provided                             Audit Laporan Keuangan Tahunan untuk Tahun Buku 2025
                                                    Jasa Non-Audit:
                                                    Tidak memberikan jasa lain di luar jasa audit laporan keuangan konsolidasian tahun buku
                                                    2025


                                                    Audit Services:
                                                    Audit of Annual Financial Statement for Fiscal Year 2025
                                                    Non-Audit Services:
                                                    Other services apart from audit services for the consolidated financial statement 2025
                                                    are not provided
      Periode Penugasan                             31 Desember 2025
      Period of Assignment                          31 December 2025
      Biaya                                         Rp.2.96 miliar
      Fee                                           Rp.2.96 billion




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                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




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

                 Keterangan                                                       Informasi
                 Description                                                     Information

 Biro Administrasi Efek                 PT Sinartama Gunita
 Share Registrar                        Menara Tekno Lantai 7
                                        Jl. Fachrudin No. 19, Tanah Abang, Jakarta Pusat 10250
                                        Telp      : +62 21 392 2332
                                        Fax       : +62 21 392 3003
                                        Website : https://sinartamagunita.co.id
                                        E-mail    : helpdesk1@sinartama.co.id
 Pencatatan Saham                       PT Bursa Efek Indonesia
 Stock Listing                          Gedung Bursa Efek Indonesia, Tower 1 Lantai 6
                                        Jl. Jend. Sudirman Kav. 52–53, Jakarta Selatan 12190
                                        Website : www.idx.co.id
                                        E-mail     : contactcenter@idx.co.id
 Notaris                                Aryanti Artisari, S.H., M.Kn.
 Notary                                 Menara Sudirman Lantai 18
                                        Jl. Jend. Sudirman Kav. 60, Jakarta Selatan 12190
                                        Telp       : (021) 5204778 (hunting)
                                        Fax        : (021) 5204779 - 5204780
                                        E-mail: aryanti.artisari@gmail.com


                                        Aulia Taufani, S.H.
                                        Menara Sudirman, Lantai 18
                                        Jl. Jend. Sudirman Kav. 60, Jakarta Selatan 12190
                                        Telp       : (021) 52892366
                                        Fax        : (021) 5204780
                                        e-mail     : ataufani@gmail.com
 Kustodian                              PT Kustodian Sentral Efek Indonesia
 Custodian                              Gedung Bursa Efek Indonesia,Tower 2, Lantai 3
                                        Jl. Jend. Sudirman Kav. 52–53, Jakarta 12190
                                        Telp       : (021) 5152855
                                        Fax        : (021) 52991199
                                        Website : www.ksei.co.id
                                        E-mail     : helpdesk@ksei.co.id
 Akuntan Publik                         Y. Santosa dan Rekan
 Public Accountant                      Jl. Sisingamangaraja No. 26, 2nd Floor, Jakarta Selatan 12110
                                        Telp       : (021) 7230589
                                        Fax        : (021) 72788954




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         Kilas Kinerja          Laporan Manajemen                Profil Perusahaan                Unit Pendukung Bisnis
      Performance Highlights      Management Report                Company Profile                   Business Support Unit




     Informasi Situs Web Perseroan
     Information on Company Website




     Sesuai dengan POJK No. 8/POJK.04/2015 tentang Situs Web                         In accordance with POJK No. 8/POJK.04/2015 regarding the
     Emiten atau Perusahaan Publik, Perseroan menyediakan situs web                  Websites of Issuers of Public Companies, the Company provides
     resmi www.bakrieland.com sebagai sarana keterbukaan informasi                   its official website www.bakrieland.com as a transparent means
     bagi seluruh pemangku kepentingan. Situs web tersebut memuat                    of information disclosure available for all stakeholders. This
     informasi yang relevan mengenai Perseroan, termasuk profil,                     website covers relevant information on the Company, including
     produk, dan layanan, yang disajikan secara komprehensif, akurat,                profile, product, and services, presented in a comprehensive
     dan terkini. Informasi yang disajikan senantiasa diperbarui secara              manner, accurate, and updated. Information presented is always
     berkala.                                                                        regularly updated.


     Sebagai portal resmi Perseroan, situs web ini dapat diakses                     As the Company official portal, the website can be accessed
     secara terbuka kapan saja dan dari mana saja, dengan tampilan                   openly at any time and from anywhere, with user-friendly
     yang mudah digunakan. Situs web Perseroan disajikan dalam                       interface. The Company’s website is presented bilingually, namely
     dua bahasa, yaitu Bahasa Indonesia dan Bahasa Inggris, guna                     in Bahasa Indonesia and in English, in order to reach a wider range
     menjangkau pemangku kepentingan secara lebih luas.                              of stakeholders.


     Materi informasi yang dimuat pada situs web Perseroan mencakup                  Information materials included in the content covers the following:
     berikut.
     •    Info Perusahaan, meliputi informasi yang terkait dengan                    •   Company Information, consisting of information related to
          profil perusahaan; visi, misi, dan tata nilai; struktur organisasi;            the company profile; vision, mission, and values; organization
          komposisi pemegang saham, struktur perusahaan, tim                             structure; shareholders composition, company structure,
          manajemen, kegiatan Perseroan, dan lainnya.                                    management team, Company activities and others.
     •    Pengembangan Unggulan, yang menampilkan informasi                          •   Developments of Excellence, that portrays information
          terkait unit bisnis Perseroan dan proyek pengembangan di                       related to Company business units and development
          bawahnya.                                                                      projects.




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                                                                            Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                          Tata Kelola Perusahaan                  Laporan Berkelanjutan
      Pembahasan Manajemen
                                          Good Corporate Governance               Corporate Social Responsibility/
    Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                        Informasi Situs Web Perseroan
                                                                                                         Information on Company Website




•    Hubungan Investor, yaitu informasi yang bersifat material        •   Investor Relations, consists of material information or
     atau fakta penting yang dapat mempengaruhi keputusan                 important facts that may influence investors’ decisions, such
     investor, seperti laporan keuangan, Rapat Umum Pemegang              as financial reports, General Meeting of Shareholders (GMS),
     Saham (RUPS), deviden, serta informasi aksi korporasi                dividend, and information on other corporate actions.
     lainnya,
•    Tata Kelola Perusahaan, meliputi pedoman, kebijakan,             •   Corporate Governance, includes guidelines,            policies,
     piagam perangkat tata kelola, serta sistem pelaporan                 governance charters, and violation reporting.
     pelanggaran.
•    Tanggung Jawab Sosial Terpadu, yaitu informasi                   •   Integrated Social Responsibility, namely information related
     yang berhubungan dengan komitmen Perseroan atas                      to the Company’s commitment on sustainability, as well as
     keberlanjutan, serta program dan kegiatan yang mendukung             programs and activities that support CSR initiative.
     inisiatif CSR.




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Page 58

          
Page 59
     Laporan
   Manajemen
             Management Report

Bakrieland • Laporan Tahunan 2025 Annual Report
Page 60
        Kilas Kinerja             Laporan Manajemen             Profil Perusahaan   Unit Pendukung Bisnis
     Performance Highlights         Management Report             Company Profile     Business Support Unit




     Laporan Dewan Komisaris
     Board of Commissioner Report




                                                                                        Bambang Irawan Hendradi
                                                                                                                    Presiden Komisaris
                                                                                                              President Commissioner




58      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                            www.bakrieland.com
Page 61
                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                       Laporan Dewan Komisaris
                                                                                                                  Board of Commissioner Report




Dewan Komisaris menilai Direksi telah mengelola Perseroan secara
optimal sepanjang 2025 dengan strategi yang tepat, tata kelola
dan manajemen risiko yang kuat, serta operasional yang efisien.
Pengawasan difokuskan pada peningkatan pendapatan, penguatan
keuangan, dan efisiensi, yang didukung inisiatif strategis termasuk
efisiensi biaya, pembaruan SOP, dan penguatan komitmen ESG.

The Board of Commissioners assessed that the Board of Directors managed
the Company optimally throughout 2025 through sound strategies, strong
governance and risk management, and efficient operations. Supervisory
focus was placed on revenue growth, strengthening the financial structure,
and improving efficiency, supported by strategic initiatives including cost
optimization, SOP updates, and enhanced commitment to ESG principles.




Para Pemegang Saham dan Pemangku                                          Distinguished Shareholders and
Kepentingan yang Terhormat,                                               Stakeholders,

Tahun 2025 dibuka dengan gejolak perekonomian global, terutama            The year 2025 opened with global economic turbulence, mainly
dipicu oleh kebijakan tarif yang diumumkan oleh Presiden Trump            triggered by the tariff policy announced by President Trump
pada Januari 2025 terhadap Meksiko dan Kanada. Kebijakan                  in January 2025 towards Mexico and Canada. The policy then
tersebut kemudian diikuti dengan penerapan tarif terhadap                 followed by tariffs applied towards several other countries,
sejumlah negara lain, termasuk Tiongkok dan Indonesia. Di sisi lain,      including China and Indonesia. On the other hand, ongoing
konflik geopolitik yang masih berlangsung turut memperbesar               geopolitical conflicts have also heightened the level of uncertainty
tingkat ketidakpastian terhadap perekonomian global sepanjang             in world economics throughout the year 2025.
tahun 2025.


Di tengah kondisi yang sarat ketidakpastian tersebut, izinkan             In the midst of such high uncertainty, allow me, on behalf of
saya, mewakili Dewan Komisaris PT Bakrieland Development Tbk              the Board of Commissioners of PT Bakrieland Development Tbk
(“Perseroan”), menyampaikan Laporan Dewan Komisaris dalam                 (“Company”), to deliver the Annual Integrated Report of 2025 of
Laporan Tahunan Terintegrasi 2025, yang memberikan gambaran               the Board of Commissioners, that portrays the overall perspective
mengenai upaya Perseroan dalam menjaga pertumbuhan yang                   of how the Company’s effort in maintaining positive growth
positif di tengah situasi yang kurang kondusif.                           amidst the less conducive situation.


PERTUMBUHAN EKONOMI NASIONAL TERJAGA DENGAN                               NATIONAL ECONOMIC GROWTH IS MAINTAINED WITH A
LAJU INFLASI TERKENDALI                                                   CONTROLLED INFLATION RATE
Di tengah ketidakpastian perekonomian global, The Fed mulai               In the midst of global economic ambivalence, The Fed has
melonggarkan kebijakan moneternya pada September 2025                     loosened its monetary policy in September 2025 by cutting the
dengan memangkas suku bunga sebesar 25 bps. Meskipun                      interest rate by 25 bps. Though there were inflation pressure as
terdapat tekanan inflasi sebagai dampak dari kebijakan tarif yang         an impact from tariff policy imposed by President Trump, the
diterapkan oleh Presiden Trump, dampak tersebut dinilai bersifat          impact was regarded as temporary. For this reason, interest rate
sementara. Oleh karena itu, kebijakan pemangkasan suku bunga              cut policy continued in October and December, with a total cut of
kembali dilanjutkan pada Oktober dan Desember, dengan total               75 bps during the year 2025. This step was viewed as important
penurunan sebesar 75 bps sepanjang tahun 2025. Langkah ini                to maintain workforce market stability.
dipandang penting untuk menjaga stabilitas pasar tenaga kerja.




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        Kilas Kinerja               Laporan Manajemen              Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights          Management Report               Company Profile         Business Support Unit




     Laporan Dewan Komisaris
     Board of Commissioner Report




     Sementara itu, perekonomian Indonesia menunjukkan ketahanan             Meanwhile, Indonesia’s economy demonstrated relatively strong
     yang relatif baik dengan pertumbuhan Produk Domestik Bruto              resilience, with Gross Domestic Product (GDP) growing 5.11%
     (PDB) sebesar 5,11% secara tahunan (YoY) sepanjang tahun 2025.          year-on-year (YoY) throughout 2025. Household consumption
     Konsumsi rumah tangga masih menjadi kontributor terbesar                remained the largest contributor to national GDP. On the other
     terhadap PDB nasional. Di sisi lain, kinerja sektor eksternal           hand, the external sector also supported economic growth.
     juga memberikan dukungan terhadap pertumbuhan ekonomi.                  Throughout 2025, Indonesia’s exports grew by 6.15% YoY to
     Sepanjang tahun 2025, nilai ekspor Indonesia tumbuh sebesar             reach USD 282.91 billion, outpacing import growth of 2.83% YoY,
     6,15% YoY menjadi USD 282,91 miliar, lebih tinggi dibandingkan          which totaled USD 241.86 billion. This condition resulted in a trade
     pertumbuhan impor yang tercatat 2,83% YoY menjadi USD 241,86            surplus of USD 41.05 billion, reflecting the strong contribution of
     miliar. Kondisi tersebut mendorong surplus neraca perdagangan           external trade to the national economy.
     sebesar USD 41,05 miliar, yang mencerminkan kuatnya kontribusi
     sektor perdagangan luar negeri terhadap perekonomian nasional.


     Secara umum, pertumbuhan konsumsi domestik masih                        In general, domestic consumption growth was still running slow,
     mengalami perlambatan, sejalan dengan melemahnya daya beli              in line with the weakening of public purchasing power due to a
     masyarakat akibat gelombang pemutusan hubungan kerja di                 wave in layoffs in various industrial sectors as well as labour
     berbagai sektor industri serta kondisi pasar tenaga kerja yang          market conditions that have yet to fully recover.
     belum sepenuhnya pulih.


     Pertumbuhan ekonomi Indonesia pada tahun 2025 dicapai dengan            Indonesia’s economic growth in 2025 was reached with inflation
     tingkat inflasi yang tetap terkendali, tercermin dari laju inflasi      rate under control, as reflected in the inflation rate of 2.92%
     sebesar 2,92% secara tahunan (YoY) pada Desember 2025. Sejalan          annually (YoY) by December 2025. Along with the direction of
     dengan arah pelonggaran kebijakan moneter global serta kondisi          the easing of global monetary policy and controlled inflation,
     inflasi yang terjaga, Bank Indonesia menurunkan suku bunga acuan        Bank Indonesia reduced its cumulative benchmark interest rate
     secara kumulatif sebesar 100 bps sepanjang tahun 2025, sehingga         of 100 bps throughout the year, that it reached 4.75% by the end
     mencapai level 4,75% pada akhir Desember 2025. Tren penurunan           of December 2025. This declining trend in interest rate basically
     suku bunga ini pada dasarnya menciptakan kondisi yang kondusif          generated a conducive condition for home ownership credit
     bagi pertumbuhan kredit pemilikan rumah (KPR) di Indonesia.             (KPR) growth in Indonesia.


     Perseroan berusaha untuk membukukan kinerja yang optimal di             The Company strived to record optimal performance amidst
     tengah situasi yang tidak pasti. Direksi berupaya menyusun strategi     uncertain situations. The Board of Directors tried to prepare the
     yang tepat agar Perseroan dapat memperkuat posisinya sebagai            appropriate strategy so that the Company can strengthen its
     emiten properti nasional terkemuka di Indonesia. Perseroan              position as a leading national property issuer in Indonesia. The
     berupaya untuk tetap adaptif dan agile menyikapi dinamika               Company strived to remain adaptive and agile in responding to
     yang ada. Perseroan akan terus berusaha untuk memperkuat                existing dynamics. The Company continued to try to strengthen
     ekosistemnya, termasuk di dalamnya pemerintah selaku regulator.         its ecosystem, including the government as regulator. In 2025,
     Di tahun 2025 pemerintah mengeluarkan beberapa kebijakan                the government issued several policies to help boost domestic
     untuk mendorong pertumbuhan properti nasional. Salah satunya            property growth. Among them was the extension of the incentive
     adalah perpanjangan insentif PPN DTP (Pajak Pertambahan Nilai           regarding the 100% Value Added Tax Borne by the Government
     Ditanggung Pemerintah) 100% yang berlaku untuk rumah tapak              (PPN DTP) applicable to new landed houses or apartments with a
     atau apartemen baru dengan harga jual maksimal Rp5 miliar.              maximum selling price of Rp5 billion. In addition, the 100% Loan
     Selain itu juga terdapat kebijakan LTV (Loan to Value) 100%             to Value (LTV) policy allowed consumers to take up KPR with 0%
     yang memungkinkan konsumen mengambil KPR dengan DP 0%,                  downpayment (DP), although this depended on the risk policy of
     walaupun ini tergantung kebijakan risiko masing-masing bank.            individual bank.




60       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                 www.bakrieland.com
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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                       Laporan Dewan Komisaris
                                                                                                                  Board of Commissioner Report




PENILAIAN KINERJA DIREKSI DAN DASAR PENILAIANNYA                          PERFORMANCE ASSESSMENT OF THE BOARD OF DIRECTORS
                                                                          AND BASIS OF ASSESSMENT
Dewan Komisaris mencatat upaya Direksi telah optimal dalam                The Board of Commissioners recorded the Board of Directors’
mengelola Perseroan di tahun 2025. Direksi dinilai telah mengelola        efforts to optimize the management of the Company during the
Perseroan secara bertanggungjawab dan penuh kehati-hatian                 year 2025. The Board of Directors was assessed to have managed
serta tanggap dalam menyikapi perubahan arah perekonomian.                the Company responsibly and with full caution as well as responsive
Direksi telah mengambil langkah-langkah strategis serta                   in attending to changes in the direction of the economy. The
merumuskan kebijakan yang berkelanjutan guna mencapai kinerja             Board of Directors took strategic steps and formulated sustainable
yang optimal di tahun 2025. Direksi juga menjalankan Tata Kelola          policies in order to achieve optimal performance in 2025. The
Perusahaan yang baik dan memperkuat manajemen risiko agar                 Board of Directors also appropriately carried out Good Corporate
Peseroan siap menghadapi segala tantangan yang ada.                       Governance and strengthened risk management so that the
                                                                          Company is prepared to face all existing challenges.


Dewan Komisaris menilai Direksi telah berhasil menjalankan                The Board of Commissioners assesses the Board of Directors to
kegiatan operasional Perseroan secara efisien dan efektif.                have successfully managed to conduct Company operational
Komitmen yang tinggi dari Direksi beserta jajaran manajemen               activities efficiently and effectively. The high commitment of
tercermin pada produktivitas yang meningkat, risiko yang terukur          the Board of Directors together with its management team is
dan kepatuhan yang tinggi terhadap peraturan yang berlaku.                reflected in the increasing productivity, measurable risk and high
                                                                          compliance towards applicable regulations.


Di sepanjang tahun 2025, Dewan Komisaris aktif mengawasi                  Throughout the year 2025, the Board of Commissioners actively
perumusan dan implementasi strategi yang disusun oleh Direksi.            monitored strategy formulation and implementation prepared
Melalui pertemuan rutin, laporan keuangan berkala, dan evaluasi           by the Board of Directors. Through routine meetings, periodic
kinerja, Dewan Komisaris memastikan bahwa Direksi bertanggung             financial reports, and performance assessments, the Board
jawab atas keputusan strategis yang diambil, dengan tetap                 of Commissioners ensures that the Board of Directors has
memperhatikan kepentingan jangka panjang Perseroan dan                    responsibly carried out strategic decisions, by continuously take
pemangku kepentingan.                                                     into account the Company’s as well as the stakeholders’ long-
                                                                          term interests.


Dewan Komisaris menekankan fokus pengawasan pada strategi                 The Board of Commissioners emphasizes its supervisory focus
peningkatan pendapatan di tahun 2025, disamping juga                      on increasing revenues strategy in 2025, aside also from paying
tetap menaruh perhatian pada penguatan struktur keuangan,                 close attention to the strengthening of the financial structure,
profitabilitas, dan efisiensi. Dewan Komisaris telah memberikan           profitability, and efficiency. The Board of Commissioners
saran atau pandangan atas hal-hal yang menjadi fokus pengawasan           extended its recommendations or views on issues that were of the
di tahun 2025, yang telah ditindaklanjuti dengan baik oleh Direksi.       Board’s supervisory focus in 2025, which have been appropriately
                                                                          followed-up by the Board of Directors.


Sementara itu, untuk meningkatkan daya tahan Perseroan                    Meanwhile, to heighten the Company’s resilience in the long run,
dalam jangka panjang, beberapa inisiatif strategis dijalankan di          several strategic initiatives conducted during the year 2025, such
tahun 2025 seperti inisiatif untuk meningkatkan efisiensi biaya           as the initiative to improve operating cost efficiency by focusing on
operasional dengan fokus pada komponen biaya yang berkontribusi           cost components that contributed significantly to the Company’s
signifikan terhadap profitabilitas Perseroan, memperbaharui               profitability, refining the Standard Operating Procedure (SOP) so
Standard Operating Procedure (SOP) agar senantiasa selaras                that it is always aligned with the Company’s development. Aside
dengan perkembangan Perseroan. Selain itu, komitmen terhadap              from that, the commitment to reach Environmental, Social and
pencapaian Environmental, Social and Governance (ESG) dalam               Governance (ESG) achievements within company operating
kegiatan operasional Perseroan juga terus ditingkatkan, baik              activities were also improved, both through the Company’s
melalui produk maupun program CSR Perseroan.                              products as well as CSR programs.




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        Kilas Kinerja             Laporan Manajemen             Profil Perusahaan      Unit Pendukung Bisnis
     Performance Highlights         Management Report             Company Profile        Business Support Unit




     Laporan Dewan Komisaris
     Board of Commissioner Report




     PERAN PENGAWASAN DEWAN KOMISARIS TERHADAP                            THE SUPERVISORY ROLE OF THE BOARD OF COMMISSIONERS
     IMPLEMENTASI STRATEGI YANG DITERAPKAN DIREKSI DAN                    ON STRATEGY IMPLEMENTATION APPLIED BY THE BOARD OF
     FREKUENSI PEMBERIAN NASIHAT KEPADA DIREKSI                           DIRECTORS AND THE FREQUENCY OF PROVIDING ADVICE TO
                                                                          THE BOARD OF DIRECTORS
     Dalam menjalankan fungsi pengawasan, terdapat batasan                In carrying out its supervisory function, there were limits
     tanggung jawab dan peran yang dijalankan oleh Dewan Komisaris.       to the responsibilities and roles performed by the Board of
     Fungsi pengawasan utama Dewan Komisaris adalah memberikan            Commissioners. The main part of the Board of Commissioners’
     saran dan nasihat kepada Direksi, serta memastikan bahwa             supervisory function was to provide advice and recommendations
     Perseroan melaksanakan Tata Kelola Perseroan yang Baik, atau         to the Board of Directors, as well as to ensure that the Company
     Good Corporate Governance (GCG).                                     implements Good Corporate Governance (GCG).


     Untuk itu, Dewan Komisaris berupaya menjalin komunikasi yang         For this purpose, the Board of Commissioners strived to maintain
     baik dengan Direksi dan seluruh jajaran manajemen. Pemberian         good communication with the Board of Directors and the
     nasihat dan saran Dewan Komisaris kepada Direksi dilakukan           management team. Providing advice and recommendations to the
     melalui pelaksanaan rapat Dewan Komisaris, rapat gabungan            Board of Directors was conducted through meetings of the Board
     Direksi dan Dewan Komisaris, rapat komite-komite di bawah            of Commissioners, joint meetings between the Board of Directors
     Dewan Komisaris, arahan dan nasihat tertulis, serta kunjungan        and the Board of Commissioners, meetings of committees under
     kerja Dewan Komisaris.                                               the Board of Commissioners, as well as through written directives
                                                                          and advices, and working visits of the Board of Commissioners.


     Di tahun 2025, Dewan Komisaris menyelenggarakan 6 (enam)             In the year 2025, the Board of Commissioners held 6 (six) Board
     kali rapat Dewan Komisaris dan 3 ( tiga) kali Rapat Gabungan         of Commissioners meetings and 3 (three) Joint Meetings with the
     bersama Direksi. Rapat-rapat tersebut menjadi forum bagi Dewan       Board of Directors. These meetings were the forumfor the Board of
     Komisaris untuk melakukan evaluasi yang intensif dan mendalam        Commissioners to conduct intensive and in-depth assessments on
     terhadap berbagai isu dan perkembangan Perseroan, kondisi dan        various issues and company developments, financial conditions and
     proyeksi keuangan, serta pemenuhan kewajiban Perseroan terkait       projections, as well as on the fulfilment of Company’s obligations
     peraturan pasar modal dan peraturan lainnya.                         related to capital market regulations and other regulations.


     Dewan Komisaris menilai Direksi telah menjalankan strategi yang      The Board of Commissioners assessed that the Board of Directors
     tepat untuk mencapai target yang telah ditetapkan di tengah          managed to implement the precise strategy to achieve the
     kondisi perekonomian yang penuh tantangan. Perseroan berhasil        set targets in amidst challenging economic conditions. The
     mencapai sustainable finance atau keuangan berkelanjutan, yang       Company managed to achieve sustainable finance, supported by
     didukung oleh pelaksanaan berbagai program berkelanjutan di          the implementation of various sustainability programs during the
     sepanjang tahun 2025.                                                year 2025.


     Berbagai inisiatif yang dirancang untuk meningkatkan efisiensi       Various initiatives designed to improve the Company’s efficiency
     Perseroan melalui pemanfaatan aset dan sumber daya yang              through the utilization of available assets and resources have
     tersedia telah mendorong pola pikir yang strategis dan inovatif      reinforced strategic and innovative mindset required to enhance
     yang diperlukan untuk meningkatkan daya tahan Perseroan              the Company’s resilience in facing various challenges in 2025.
     menghadapi berbagai tantangan di tahun 2025.


     PANDANGAN ATAS PROSPEK USAHA YANG DISUSUN OLEH                       VIEWS ON BUSINESS PROSPECTS PREPARED BY THE BOARD
     DIREKSI DAN DASAR PERTIMBANGAN                                       OF DIRECTORS AND BASIS FOR CONSIDERATION
     Dewan Komisaris menilai prospek usaha yang disusun oleh Direksi      The Board of Commissioners assesses that business prospects
     telah diperhitungkan secara cermat dengan tetap menjalankan          prepared by the Board of Directors were carefully taken into
     prinsip-prisnip GCG. Dewan Komisaris juga memandang seluruh          account by continuously applying GCG principles. The Board of
     organ Perseroan telah bersinergi dalam membangun landasan            Commissioners views that all Company organs have synergized in
     tata kelola yang kokoh dengan mengedepankan prinsip kehati-          building the foundation of firm governance that puts forward the
     hatian untuk menghadapi tantangan bisnis yang kian dinamis.          principle of prudence to face the increasingly dynamic business
                                                                          challenges.




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                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                                    Laporan Dewan Komisaris
                                                                                                               Board of Commissioner Report




Dewan Komisaris memiliki pandangan optimis terhadap prospek            The Board of Commissioners has optimistic views of the business
usaha yang telah disusun oleh Direksi di tengah tantangan yang         prospects prepared by the Board of Directors amidst challenges
cenderung meningkat di masa datang. Perubahan perilaku pasar           that are likely to increase in the future. Changes in market
yang lebih memperhatikan lingkungan merupakan hal yang                 behaviour that are more environmentally conscious are what the
perlu diantisipasi dengan baik oleh Perseroan. Dewan Komisaris         Company needs to anticipate well. The Board of Commissioners
mengajak seluruh jajaran organisasi untuk terus berinovasi             asks all levels of the organization to continue to innovate in order
agar dapat memperkuat posisi Perseroan sebagai salah satu              to strengthen the Company’s position as one of the leading
Perusahaan properti terkemuka di Indonesia.                            property companies in Indonesia.


Dewan Komisaris mendukung prospek usaha yang disusun oleh              The Board of Commissioners endorses the business prospects
Direksi dan meyakini bahwa dengan komitmen, inovasi, dan               prepared by the Board of Directors and believes that with
strategi yang tepat, Perseroan akan terus menjadi perusahaan           commitment, innovation and appropriate strategies, the
terkemuka dalam industri properti di Indonesia, serta memainkan        Company will continue to be a well know company in Indonesia’s
peran yang signifikan dalam mempercepat transisi menuju masa           property industry and plays a significant role in accelerating
depan yang berkelanjutan.                                              transition towards a sustainable future.


PANDANGAN DEWAN KOMISARIS TERHADAP IMPLEMENTASI                        BOARD OF COMMISSIONERS’ VIEWS ON GOOD CORPORATE
TATA KELOLA PERSEROAN YANG BAIK DAN ASPEK                              GOVERNANCE IMPLEMENTATION AND SUSTAINABILITY
KEBERLANJUTAN                                                          ASPECT
Dewan Komisaris melihat komitmen Direksi dalam menjalankan             The Board of Commissioners sees the Board of Directors’
Tata Kelola Perusahaan yang baik. Tata Kelola Perusahaan ini           commitment to implementing Good Corporate Governance.
dibangun untuk melindungi kepentingan seluruh pemangku                 This Corporate Governance is established to protect the interests
kepentingan serta meningkatkan nilai bagi para pemegang                of all stakeholders as well as in increasing the values for the
saham. Direksi dan seluruh jajaran organisasi berkomitmen              shareholders. The Board of Directors and the entire management
untuk terus menerapkan kelima prinsip Tata Kelola Perusahaan           team are committed to continuously implement the five principles
untuk menjaga reputasi dan kepercayaan publik. Hal ini akan            of Corporate Governance in order to maintain reputation and
mendukung pencapaian visi dan misi Perseroan serta memastikan          public’s trust. This will support the achievement of the Company’s
pemeriksaan dan pengendalian yang baik guna memastikan                 vision and mission as well as ensure proper inspection and control
kegiatan operasional dan pengawasan bisnis yang efisien.               to ensure efficient operational activities and business oversight.


Dewan Komisaris juga melakukan penilaian terhadap komite-              The Board of Commissioners also conduct assessment on the
komite di bawah Dewan Komisaris, yakni Komite Audit serta              committees under the Board of Commissioners, namely the
Komite Nominasi dan Remunerasi. Dari penilaian tersebut,               Audit Committee as well as the Nomination and Remuneration
Dewan Komisaris menilai bahwa Komite Audit, Komite Nominasi            Committee. From this assessment, the Board of Commissioners
dan Remunerasi telah menunjukkan kinerja yang memuaskan                evaluates that the Audit Committee as well as the Nomination
di sepanjang tahun 2025. Selain itu, Komite Audit serta Komite         and Remuneration Committee have satisfactorily performed
Nominasi dan Remunerasi, dinilai selalu memberikan respons             during the year 2025. In addition, the Audit Committee and
secara cepat dan tepat kepada Dewan Komisaris, melalui                 the Nomination and Remuneration Committee always provided
rapat-rapat yang dilakukan. Di tahun 2025 Komite Audit telah           quick and appropriate responses to the Board of Commissioners,
melaksanakan 8 (delapan) kali rapat. Sementara Komite Nominasi         through routine meetings. In 2025, The Audit Committee held
dan Remunerasi telah menyelenggarakan rapat sebanyak                   8 (eight) meetings. While the Nomination and Remuneration
4(empat) kali .                                                        Committee held 4 (four) meetings.


Dewan Komisaris mengapresiasi langkah Direksi untuk membuat            The Board of Commissioners appreciates the steps taken by
laporan keberlanjutan yang dilakukan secara rutin yang menjadi         the Board of Directors for preparing the routine sustainability
salah satu wujud penerapan tata kelola keberlanjutan. Hal              reports as one of the manifestations of sustainability governance
ini semakin menegaskan komitmen Perseroan untuk aktif                  implementation. This increasingly emphasizes the Company’s
berkontribusi dalam mengelola risiko yang berkaitan dengan             commitment to actively contribute in managing risks related to
Lingkungan, Sosial dan Tata Kelola (ESG) dengan menyeimbangkan         the Environment, Social and Governance (ESG) by balancing the
aspek triple bottom line yang terdiri dari people, planet dan          aspects of the triple bottom that consists of the people, planet and




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        Kilas Kinerja             Laporan Manajemen             Profil Perusahaan      Unit Pendukung Bisnis
     Performance Highlights         Management Report             Company Profile        Business Support Unit




     Laporan Dewan Komisaris
     Board of Commissioner Report




     profit (3P) untuk mendukung pencapaian Tujuan Pembangunan            profit (3P) in order to support the achievement of Sustainability
     Berkelanjutan (SDGs). Dewan Komisaris berharap agar kinerja          Development Goals (SDGs) The Board of Commissioners hopes
     keberlanjutan Perseroan dapat terus ditingkatkan di masa datang,     that the Company’s sustainable performance can continue
     termasuk penerapan tata kelola keberlanjutan karena dapat            to be improved going forward, including the implementation
     memberikan nilai tambah bagi seluruh pemangku kepentingan.           of sustainable governance as it provides added value to all
                                                                          stakeholders.


     PERUBAHAN KOMPOSISI DEWAN KOMISARIS                                  CHANGE IN THE COMPOSITION OF THE BOARD OF
                                                                          COMMISSIONERS
     Selama tahun buku 2025, tidak terdapat perubahan pada                During the year 2025, there were no changes in the composition
     komposisi Dewan Komisaris Perseroan.                                 of the Board of Commissioners of the Company.


     APRESIASI                                                            APPRECIATION
     Atas nama Dewan Komisaris, saya ingin mengucapkan terima             On behalf of the Board of Commissioners, I would like to
     kasih kepada seluruh manajemen dan karyawan PT Bakrieland            extend our gratitude to all members of the management and
     Development Tbk atas kerja keras dan dedikasinya dalam               employees of PT Bakrieland Development Tbk for the hard work
     membukukan kinerja yang baik di tahun 2025. Apresiasi juga           and dedication that marked a satisfying performance in the year
     diberikan kepada para pemegang saham atas kepercayaan yang           2025. Our appreciation is also extended to the shareholders for
     terus terbina selama ini. Kami berkomitmen untuk menjalankan         the continuous trust that has been built over the years. We are
     fungsi kami sebagai Dewan Komisaris dalam mengawasi                  committed to act on our function as the Board of Commissioners
     kinerja Perseroan dan menjaga kepentingan seluruh pemangku           in supervising the performance of the Company and maintain
     kepentingan. Dengan kolaborasi yang kuat antara manajemen,           the interests of all stakeholders. By keeping close collaboration
     karyawan, dan pemegang saham, kami percaya bahwa Perseroan           between the management, employees and shareholders, we
     akan dapat meraih kinerja yang lebih baik lagi di masa datang.       believe that the Company will achieve an even better performance
                                                                          ahead.




                                                      Atas nama Dewan Komisaris,
                                                 On behalf of the Board of Commissioners,




                                                        Bambang Irawan Hendradi
                                                              Presiden Komisaris
                                                           President Commissioner




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                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




                                                                                                   Laporan Dewan Komisaris
                                                                                                              Board of Commissioner Report




                                           Bambang Irawan Hendradi
                                                            Presiden Komisaris
                                                      President Commissioner
                 Armansyah Yamin                                                                   Kanaka Puradiredja
                               Komisaris                                                           Komisaris Independen
                            Commissioner                                                      Independent Commissioner




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        Kilas Kinerja             Laporan Manajemen             Profil Perusahaan   Unit Pendukung Bisnis
     Performance Highlights         Management Report             Company Profile     Business Support Unit




     Laporan Direksi
     The Board of Directors Report




                                                                                                              Resza Adikreshna
                                                                                                                   Presiden Direktur
                                                                                                                  President Director




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                                                                                Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                                                         Laporan Direksi
                                                                                                                    The Board of Director Report




Perseroan menyusun strategi dan Business Plan & Budget 2025
dengan mempertimbangkan dinamika ekonomi, tetap optimis di
tengah tantangan daya beli. Peningkatan pendapatan dilakukan
melalui penguatan segmen, inovasi produk, strategi pemasaran,
serta efisiensi dan kerja sama strategis. Perseroan juga memperkuat
kapabilitas internal melalui pengembangan SDM, digitalisasi, dan
inovasi berbasis mitigasi risiko.

The Company formulated its Business Plan & Budget by considering economic
dynamics, while remaining optimistic amid purchasing power challenges.
Revenue growth was driven through segment strengthening, product innovation,
marketing strategies, as well as efficiency and strategic partnerships. The
Company also enhanced its internal capabilities through human capital
development, digitalization, and innovation supported by risk mitigation.



Para Pemegang Saham dan Pemangku                                         Distinguished Shareholders and
Kepentingan yang Terhormat,                                              Stakeholders,

Puji dan syukur kami panjatkan ke hadirat Tuhan Yang Maha Esa            Praise and gratitude to God Almighty for all His grace and
atas segala limpahan rahmat dan karunia-Nya, sehingga Perseroan          blessings, allowing Bakrieland to successfully cross through the
dapat melalui tahun 2025 dengan baik. Di tengah ketidakpastian           year 2025. In the midst of global economic uncertainty and
perekonomian global serta berlanjutnya konflik geopolitik,               ongoing geopolitical conflicts, the Company remained capable
Perseroan tetap mampu mencatatkan kinerja yang positif                   of recording positive performance throughout the year 2025.
sepanjang tahun 2025.

Direksi, beserta seluruh jajaran manajemen dan karyawan serta            The Board of Directors, together with all levels of the management
didukung oleh Dewan Komisaris, telah berupaya merumuskan                 and employees and the support of the Board of Commissioners,
strategi yang tepat dalam menghadapi ketidakpastian dan secara           has strived to formulate appropriate strategies in facing
konsisten menjalankan strategi yang telah ditetapkan guna                uncertainty and has consistently carried out the set strategies in
mencapai kinerja yang diharapkan.                                        order to achieve performance as expected.


Melalui Laporan Tahunan Terintegrasi Tahun 2025 ini, perkenankan         Through this 2025 Integrated Annual Report, allow us to present
kami menyampaikan laporan pengelolaan Perseroan di sepanjang             the Company’s management report for the year 2025 as a form of
tahun 2025, sebagai salah satu wujud pertanggungjawaban kami             our responsibility to the Shareholders and all of our stakeholders.
kepada Pemegang Saham dan seluruh pemangku kepentingan.                  This Integrated Annual Report also reflects the Company’s
Laporan Tahunan Terintegrasi ini juga mencerminkan komitmen              commitment to implementing good Corporate Governance
Perseroan dalam menjalankan Tata Kelola Perusahaan yang baik             consistently and continuously within the Company.
secara konsisten dan berkesinambungan di dalam Perseroan.


RESILIENSI     PEREKONOMIAN           INDONESIA       DITENGAH           INDONESIA’S ECONOMIC RESILIENCE AMIDST GLOBAL
KETIDAKPASTIAN KONDISI EKONOMI GLOBAL TAHUN 2025                         ECONOMIC UNCERTAINTY IN 2025
Pertumbuhan ekonomi global pada tahun 2025 sekitar 3,2%                  Global economic growth in the year 2025 at around 3,2% year-
secara tahunan (YoY), mencerminkan perlambatan seiring                   on-year (YOY), reflecting a slowdown in line with the increasing
meningkatnya ketidakpastian di pasar keuangan global. Kondisi            uncertainty in global financial markets. This condition was
tersebut dipicu, antara lain, oleh berlanjutnya konflik geopolitik       triggered, among others, by the continuing geopolitical conflicts
serta dinamika perdagangan dan kebijakan tarif di Amerika Serikat        as well as the dynamics of trade and tariff policies of the United
yang mendorong tingginya volatilitas pasar.                              States that led to high market volatility.




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        Kilas Kinerja               Laporan Manajemen              Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights          Management Report               Company Profile         Business Support Unit




     Laporan Direksi
     The Board of Director Report




     Dari sisi moneter, The Federal Reserve mulai melonggarkan               From a monetary perspective, the Fed has actually begun to ease
     kebijakan moneternya pada bulan September, Oktober, dan                 its monetary policy in the months of September, October, and
     Desember 2025 dengan pemangkasan suku bunga masing-                     December each by 25bps, a total rate cut of 75bps throughout
     masing sebesar 25 bps, sehingga total penurunan mencapai 75             the year 2025. This similar move of The Fed was actually carried
     bps sepanjang tahun 2025. Langkah tersebut sejalan dengan               out by other major central banks, such as the European Central
     kebijakan yang telah lebih dahulu ditempuh oleh sejumlah bank           Bank (ECB), which has been cutting interest rates since February
     sentral utama lainnya, seperti European Central Bank (ECB) yang         2025. Likewise, with the Bank of England in March 2025.
     mulai memangkas suku bunga sejak Februari 2025, serta Bank of
     England yang melakukan kebijakan serupa pada Maret 2025.


     Meredanya tekanan inflasi membuka ruang bagi penerapan                  The easing inflationary pressures made it possible to implement
     kebijakan penurunan suku bunga secara global. Namun demikian,           a policy of lowering interest rates. However, this decline in global
     pelonggaran moneter tersebut belum mampu mendorong                      interest rates could not significantly drive economic growth in
     pertumbuhan ekonomi secara signifikan di negara-negara terkait,         these countries due to the trade wars as triggered by the tariff
     seiring masih berlanjutnya perang dagang yang dipicu oleh               policies of the United States government.
     kebijakan tarif yang diterapkan oleh Pemerintah Amerika Serikat.


     Di tengah dinamika perekonomian global yang penuh tantangan,            Amid ongoing challenges in the global economy, Indonesia’s
     perekonomian Indonesia tetap menunjukkan kinerja yang solid             economy continued to demonstrate solid performance, recording
     dengan pertumbuhan sebesar 5,11% secara tahunan (YoY)                   annual growth of 5.11% year-on-year (YoY) throughout 2025. This
     sepanjang tahun 2025. Pertumbuhan tersebut dicapai di tengah            growth was achieved alongside a well-controlled inflation rate of
     laju inflasi yang tetap terkendali sebesar 2,92% YoY pada Desember      2.92% YoY in December 2025. Despite relatively stable inflation,
     2025. Meskipun inflasi relatif terjaga, konsumsi rumah tangga           household consumption showed more moderate growth.
     menunjukkan pertumbuhan yang lebih moderat. Sepanjang tahun             Throughout 2025, household consumption grew by around 4.82%
     2025, konsumsi rumah tangga tumbuh sebesar sekitar 4,82% YoY,           YoY, slightly lower than the overall national economic growth
     sedikit lebih rendah dibandingkan pertumbuhan ekonomi nasional          during the same period.
     pada periode yang sama.


     Perlambatan pertumbuhan konsumsi rumah tangga pada                      The growth slowdown in household consumption was basically
     dasarnya sejalan dengan melemahnya daya beli masyarakat                 in line with the weakening of the people’s purchasing power
     akibat gelombang pemutusan hubungan kerja di berbagai sektor            due to the wave of layoffs in various industrial sectors and
     industri serta kondisi pasar tenaga kerja yang belum sepenuhnya         labor market conditions that have not yet fully recovered. The
     pulih. Pemerintah sesungguhnya telah meluncurkan beberapa               government actually launched several policies to increase the
     kebijakan untuk meningkatkan daya beli masyarakat, mulai dari           people’s purchasing power, starting from cash assistance to
     bantuan tunai hingga insentif fiskal. Di sektor properti, misalnya,     fiscal incentives. In the property sector, for instance, the fiscal
     insentif fiskal yang diberikan antara lain berupa PPN DTP 100%          incentives provided, among others, the 100% VAT DTP that
     yang memberikan keringanan pajak hingga 100% untuk pembelian            provides tax relief of up to 100% for the purchase of new housing
     rumah baru (hingga Rp5 miliar). Selain itu, penurunan suku bunga        units (up to Rp5 billion). In addition, lower interest rates are also
     juga diharapkan dapat mendorong permintaan terhadap sektor              expected to help boost demand in the property sector. However,
     properti. Namun demikian, pertumbuhan sektor konstruksi dan             growth in the construction and real estate sectors remained
     real estate masih relatif lebih rendah sepanjang tahun 2025,            relatively lower throughout 2025, recorded at around 4.87%
     masing-masing tercatat sekitar 4,87% YoY dan 4,50% YoY                  YoY and 4.50% YoY respectively, compared with the national
     dibandingkan dengan pertumbuhan ekonomi nasional sebesar                economic growth of 5.11% YoY during the same period.
     5,11% YoY pada periode yang sama.




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Page 71
                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                          Laporan Direksi
                                                                                                                     The Board of Director Report




Di tengah pertumbuhan sektor properti yang masih relatif                  Amidst the relatively limited growth in the property sector,
terbatas, perusahaan properti pada umumnya dituntut untuk                 property companies in general were required to continue
terus beradaptasi terhadap perubahan preferensi konsumen.                 adapting to consumers’ preferences. Currently, consumers
Saat ini, konsumen cenderung memilih properti yang mendukung              tend to select properties that support healthy, environmentally
gaya hidup sehat, ramah lingkungan, serta berbasis teknologi.             friendly, and technology-based lifestyles. The green property
Konsep green property diperkirakan akan semakin memengaruhi               concept is expected to increasingly affect the direction of future
arah pengembangan properti ke depan dan menjadi fokus utama               property development and become a major focus in real estate
dalam pengembangan real estat di kawasan Asia, seiring dengan             development in the Asian region, in line with the increasing
meningkatnya kesadaran terhadap penerapan prinsip-prinsip ESG.            awareness of the ESG principles’ application.


PERAN DIREKSI DALAM PROSES STRATEGI DAN RENCANA                           ROLE OF THE BOARD OF DIRECTORS IN STRATEGY AND
BISNIS SERTA PENGAWASAN TERHADAP IMPLEMENTASINYA                          BUSINESS PLAN PROCESS AND SUPERVISION OF ITS
                                                                          IMPLEMENTATION
Pada tahun 2025, Direksi bersama tim manajemen menyusun                   In the year 2025, the Board of Directors, together with the
target usaha, anggaran, serta strategi dan kebijakan strategis            management team, prepared its business, budget, and strategy
yang dituangkan dalam Business Plan & Budget dengan                       targets, as well as strategic policies, as contained in the
mempertimbangkan kondisi eksternal dan internal Perseroan.                Business Plan & Budget, by taking into account the external and
Faktor eksternal yang diperhatikan meliputi proyeksi pertumbuhan          internal conditions of the Company. External factors taken into
ekonomi, indikator makroekonomi, kondisi sosial, proyeksi harga,          account include economic growth projections, macroeconomic
volatilitas nilai tukar mata uang, serta dinamika pasar dan tingkat       indicators, social conditions, price projections, currency exchange
persaingan usaha. Adapun faktor internal mencakup kesiapan                rate volatility, as well as market dynamics and levels of business
sumber daya manusia, kapasitas penjualan, serta data pendapatan           competition. While internal factors include the readiness of the
historis. Business Plan & Budget tersebut selanjutnya dipaparkan          human resource, sales capacity and historical revenue data. This
oleh Direksi kepada Dewan Komisaris dalam rapat gabungan                  Business Plan & Budget was then presented by the Board of
Direksi dan Dewan Komisaris.                                              Directors to the Board of Commissioners in the Board of Directors
                                                                          and the Board of Commissioners joint meeting.


Dalam rapat gabungan tersebut, Dewan Komisaris menyampaikan               In this joint meeting, the Board of Commissioners conveyed its
pandangan, rekomendasi, serta memberikan persetujuan atas                 views, recommendations and provided approval on the proposed
Business Plan & Budget yang diajukan. Untuk memastikan                    Business Plan & Budget. To ensure the achievement of the
pencapaian target usaha yang telah ditetapkan, tim manajemen              established business targets, the management team then set
kemudian menetapkan rencana kerja pada masing-masing divisi               the work plans for each division as an elaboration of the agreed
sebagai penjabaran dari strategi yang telah disetujui. Rencana            strategy. These work plans were then formulated into the Key
kerja tersebut selanjutnya dirumuskan ke dalam Key Performance            Performance Indicators (KPI) that must be achieved by all levels
Indicators (KPI) yang harus dicapai oleh seluruh jenjang organisasi.      of the organization.


Adapun evaluasi atas implementasi rencana strategis Perseroan             As for the assessment on the implementation of the Company’s
dilakukan secara berkala melalui rapat yang diselenggarakan               strategic plan, it is carried out periodically through meetings held
minimal satu kali dalam sebulan oleh Direksi atau sewaktu-waktu           at least once a month by the Board of Directors or at any time
sesuai kondisi dan urgensinya bersama jajaran manajemen. Pada             together with the management team as conditions and urgency
rapat tersebut, Direksi beserta jajaran manajemen membahas                require. In these meetings, the Board of Directors and the
indikator pencapaian bisnis, parameter risiko, serta mengupayakan         management members discuss business achievement indicators,
solusi atas kendala yang dihadapi dan menghasilkan keputusan              and risk parameters as well as efforts to seek solutions to overcome
strategis untuk mengatasi kesenjangan yang ada atas pencapaian            existing gaps in the monthly performance achievements.
kinerja bulanan.




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         Kilas Kinerja              Laporan Manajemen               Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights           Management Report               Company Profile         Business Support Unit




     Laporan Direksi
     The Board of Director Report




     Sejak Juni 2024, Perseroan telah mengimplementasikan tata                Since June 2024, the Company has implemented the Core
     nilai (Core Values) baru, yaitu SIGAP (Sinergi, Inovatif, Gesit,         Values, namely SIGAP (Synergy, Innovative, Agile, Integrity, and
     Amanah, dan Peduli), sebagai langkah strategis untuk mendukung           Caring), as a strategic step to support the transition process and
     proses transisi serta mendorong transformasi organisasi secara           encourage a sustainable organizational transformation.
     berkelanjutan.


     Pada tahun 2025, Perseroan melanjutkan dan memperkuat                    In 2025, the Company continued and strengthened various strategic
     berbagai inisiatif strategis yang telah dijalankan sejak tahun           initiatives implemented since the year 2024 as part of the effort to
     2024 sebagai bagian dari upaya membangun fondasi budaya                  build the foundation of the Company’s culture based on the SIGAP
     Perseroan yang berlandaskan tata nilai SIGAP. Seluruh inisiatif          values. All these initiatives were socialized comprehensively to all
     tersebut disosialisasikan secara menyeluruh kepada karyawan              employees and have proven to have provided positive contribution
     dan terbukti memberikan kontribusi positif terhadap pencapaian           to the Company’s performance achievement throughout the
     kinerja Perseroan sepanjang tahun pelaporan. Salah satu inisiatif        reporting year. One of the main initiatives was the periodically held
     utama adalah penyelenggaraan Leaders Meeting secara berkala              Leaders Meeting as a forum for strategic oversight and alignment,
     sebagai sarana pengawasan dan penyelarasan strategis, di mana            where the Board of Directors invited the leadership team to
     Direksi mengundang jajaran pimpinan untuk membahas isu-isu               discuss strategic issues that can potentially affect the Company’s
     strategis yang berpotensi memengaruhi kinerja Perseroan. Selain          performance. In addition, the Company also made adjustments to
     itu, Perseroan juga melakukan penyesuaian struktur organisasi            its organizational structure so as to be more agile and responsive
     agar lebih lincah (agile) dan responsif dalam memenuhi ekspektasi        in meeting the expectations of stakeholders, both internal and
     para pemangku kepentingan, baik internal maupun eksternal.               external.


     Sejalan dengan penguatan budaya dan organisasi, Perseroan secara         In line with the strengthening of culture and organization, the
     konsisten melakukan internalisasi tata nilai SIGAP melalui program       Company consistently carried out an internalization program on
     pelatihan dan berbagai kanal komunikasi internal. Proses rekrutmen       the SIGAP values through training programs and various internal
     karyawan turut mengacu pada tata nilai tersebut, disertai dengan         communication channels. The employee recruitment process
     pengembangan kompetensi karyawan secara berkelanjutan serta              also referred to these values, together with continual employee
     pelaksanaan analisis potensi guna memastikan talenta unggul              competency development as well as implementation of potential
     memperoleh kesempatan pengembangan karier yang optimal.                  analysis in order to ensure talents of excellence were given the
     Di sisi lain, Perseroan melakukan konsolidasi manajemen melalui          opportunity to optimally develop their careers. On the other hand,
     sentralisasi kepemimpinan dalam pengambilan keputusan untuk              the Company consolidated the management through leadership
     meningkatkan efisiensi, konsistensi kebijakan, dan koordinasi            centralization in decision-making to improve efficiency, policy
     lintas fungsi. Upaya tersebut diperkuat dengan dorongan                  consistency, and cross-functional coordination. This effort was
     terhadap inisiatif digitalisasi di seluruh lini usaha sebagai bentuk     bolstered by the encouragement of the digitalization initiative in all
     adaptasi terhadap dinamika industri sekaligus untuk mendorong            lines of business as a form of adaptation to the industry’s dynamics
     peningkatan kinerja Perseroan secara berkelanjutan.                      and at the same time encouraged sustainable improvement in the
                                                                              Company’s performance.


     PRIORITAS STRATEGI DAN KEBIJAKAN STRATEGIS PERSEROAN                     PRIORITY IN COMPANY’S STRATEGY AND STRATEGIC POLICY
     UNTUK MERAIH PERTUMBUHAN YANG LEBIH BAIK                                 TO ACHIEVE BETTER GROWTH
     Dalam merumuskan strategi dan kebijakan strategis, Perseroan             In formulating strategies and strategic policies, the Company
     senantiasa mempertimbangkan dinamika perekonomian yang                   always takes into account the ongoing economic dynamics. The
     sedang berlangsung. Business Plan & Budget Perseroan disusun             Company’s Business Plan & Budget was prepared with optimism
     dengan optimisme bahwa momentum pertumbuhan ekonomi                      that economic growth momentum will continue amidst global
     akan tetap berlanjut di tengah ketidakpastian perekonomian               economic uncertainty. The weakening of people’s purchasing
     global. Pelemahan daya beli masyarakat menjadi salah satu isu            power became one of the main issues as it affected demands for
     utama karena berpengaruh terhadap permintaan atas produk                 the Company’s products. Nevertheless, such challenges could
     Perseroan. Namun demikian, tantangan tersebut masih dapat                still be anticipated through the development of more innovative
     diantisipasi melalui pengembangan konsep produk yang lebih               product concepts that were in line with market needs, as well as
     inovatif dan selaras dengan kebutuhan pasar, serta penerapan             the implementation of more creative and attractive marketing
     strategi pemasaran yang lebih kreatif dan menarik.                       strategies.




70       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                    www.bakrieland.com
Page 73
                                                                                    Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                                Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                              Sustainable Report




                                                                                                                            Laporan Direksi
                                                                                                                       The Board of Director Report




Di sisi lain, Perseroan tetap menjaga fleksibilitas dalam merespons         On the other hand, the Company continued to maintain
setiap perubahan yang terjadi. Oleh karena itu, peninjauan                  flexibility in responding to each change that occurred. For this
terhadap Business Plan & Budget 2025 dilakukan secara                       reason, review of the 2025 Business Plan & Budget was carried
berkelanjutan, disertai dengan penyesuaian yang diperlukan,                 out continuously, and with adjustments as required, including
termasuk dalam strategi pengembangan usaha. Sepanjang                       in business development strategy. Throughout the financial
tahun buku 2025, Perseroan telah menerapkan berbagai langkah                year of 2025, the Company applied various strategic steps to
strategis untuk meningkatkan kontribusi pendapatan dari segmen              increase revenue contribution from the recurring segment, which
recurring, yang menyumbang lebih dari 50% dari total pendapatan             contributed more than 50% of the Company’s total revenue. This
Perseroan. Pelaksanaan berbagai program promosi yang menarik                was manifested by the launching of the new recreational park
serta pengembangan konsep pemasaran yang inovatif menjadi                   with a beach-themed, namely the JungleSea Kalianda in South
bagian dari inisiatif strategis Perseroan sepanjang tahun 2025.             Lampung. In addition, Business Units also conducted various
                                                                            attractive promotional programs and developmed innovative
                                                                            marketing concepts, which were part of the Company’s strategic
                                                                            initiatives throughout the year 2025.


Selain itu, Perseroan juga melakukan berbagai inisiatif untuk               Apart from the above, the Company also performed various
meningkatkan pendapatan segmen non-recurring, yaitu dengan                  initiatives to increase revenue from the non-recurring segment,
melanjutkan pengembangan proyek Perumahan/Landed Housing                    namely by launching the new cluster of Veranda in Kahuripan
di Kahuripan Nirwana Sidoarjo, Bumi Pakuan dan Cluster Sayana               Nirwana Sidoarjo as well as continuing with housing project
Bogor.                                                                      development in Bumi Pakuan and the Sayana Cluster in Bogor.


Strategi penguatan pendapatan dijalankan secara paralel dengan              The strategy to strengthen revenue was carried out in parallel
upaya memperkokoh struktur keuangan dan meningkatkan                        with the effort to strengthen the financial structure and
profitabilitas melalui berbagai inisiatif efisiensi operasional. Selain     increase profitability through various operational load efficiency
itu, Perseroan juga menjajaki dan mengembangkan kerja sama                  initiatives. In addition, the Company also explored and developed
strategis untuk mempercepat realisasi pengembangan proyek,                  strategic collaborations to accelerate the realization of project
serta mengoptimalkan kinerja penjualan melalui sinergi fungsi               developments, as well as optimized sales performance through
penjualan dan pemasaran di seluruh lingkungan Perseroan.                    synergy of sales and marketing functions throughout the
                                                                            Company’s environment.


Selain menjalankan berbagai upaya strategis untuk meningkatkan              Aside from running various strategic efforts to increase
profitabilitas dan memperbaiki struktur keuangan, Perseroan juga            profitability and improve financial structure, the Company also
menempatkan inisiatif penguatan kapabilitas internal sebagai salah          placed the initiative to strengthen internal capabilities as one
satu prioritas utama. Salah satu fokus utama Perseroan adalah di            of the main priorities. One of the Company’s main focuses was
bidang pengelolaan dan pengembangan sumber daya manusia                     in the management and development of the human resource
melalui fungsi Corporate Human Capital (CHC). Perseroan                     through the Corporate Human Capital (CHC) function. The
menyusun rencana strategis yang berlandaskan tata nilai SIGAP,              Company prepared the strategic plan based on the SIGAP values,
yang tercermin dalam pengembangan insan Perseroan, pengelolaan              as reflected in the Company’s personnel development, and talent
talenta, serta perumusan kriteria yang lebih terukur, transparan,           management, as well as in the formulation of more measurable,
mudah diawasi, dan dapat dievaluasi secara objektif, termasuk               transparent, easily supervised, and objectively assessed criteria,
dalam pemberian reward yang adil bagi karyawan.                             including the provision of fair rewards to employees.


Sejalan dengan hal tersebut, Perseroan terus mendorong                      In line with this, the Company continued to encourage digitalization
digitalisasi pada berbagai aspek proses kerja Human Capital,                in various aspects of the Human Capital work process, specifically
khususnya yang berkaitan dengan pengelolaan sumber daya                     concerning human resource management, in order to improve
manusia, guna meningkatkan kenyamanan, transparansi, dan                    comfort, transparency, and employee involvement in delivering
keterlibatan karyawan dalam memberikan kinerja terbaiknya.                  their best performance.




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         Kilas Kinerja              Laporan Manajemen               Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights           Management Report               Company Profile          Business Support Unit




     Laporan Direksi
     The Board of Director Report




     Ke depan, Perseroan akan terus melakukan inovasi melalui                 Going forward, the Company will continue to innovate through
     peluncuran proyek-proyek baru yang telah melalui tahapan riset dan       the launching of new projects that have passed through a
     perencanaan yang matang, dengan mempertimbangkan dinamika                thorough research and development stage by taking into account
     kebutuhan pasar yang semakin spesifik dan tersegmentasi.                 the dynamics of the increasingly specific and segmented
     Kondisi tersebut menuntut penerapan mitigasi risiko yang lebih           market needs. This condition demanded the implementation of
     tajam, efektif, dan efisien. Atas dasar itu, Perseroan akan menjalin     a sharper, effective, and efficient risk mitigation. On this basis,
     kolaborasi dengan para pelaku industri dalam mengembangkan               the Company will collaborate with industry players in developing
     berbagai produk yang disesuaikan dengan tingkat toleransi risiko         various products that are adjusted to the risk appetite level, the
     (risk appetite), karakteristik, serta target pasar yang dituju.          characteristics, and the aimed target market.


     ANALISIS KINERJA PERSEROAN                                               COMPANY’S PERFORMANCE ANALYSIS

     Perbandingan Target dan Realisasi Kinerja Tahun 2025                     2025 Performance Target and Realization Comparative
     Pada tahun 2025, Perseroan secara konsisten menjalankan                  In the year 2025, the Company consistently performed various
     berbagai inisiatif strategis guna mencapai target kinerja yang           strategic initiatives to achieve the performance targets previously
     telah ditetapkan. Dalam pelaksanaannya, Perseroan menghadapi             set-forth. However, in its implementation, the Company faces
     dinamika tantangan, baik yang bersumber dari faktor internal             dynamic challenges, from both internal and external factors,
     maupun eksternal, yang memberikan tekanan terhadap                       which eventually put pressure on the Company’s performance
     pencapaian kinerja sepanjang tahun.                                      achievements throughout the year.


     Kinerja produk dan proyek properti menunjukkan variasi yang              The performance of property products and projects showed
     dipengaruhi oleh pelemahan daya beli konsumen kelas menengah             variations affected by the weakening purchasing power of the
     serta berlanjutnya kebijakan penghematan anggaran pemerintah             middle-class consumers and the continuation of the government’s
     hingga tahun 2025. Kondisi tersebut berdampak pada tingkat               budget austerity policy until the year 2025. This condition caused
     permintaan properti Perseroan, baik pada segmen residensial              impact to the level of demand for the Company’s property, both
     maupun perhotelan, sehingga memerlukan penyesuaian strategi              in the residential and hotel segments, thus, requiring adaptive
     yang adaptif.                                                            strategic adjustments.


     Di tengah tantangan tersebut, Perseroan tetap mampu                      In the midst of such challenges, the Company remained capable
     mencatatkan pertumbuhan kinerja yang solid. Total pendapatan             of recording a solid performance growth. Total net income
     neto meningkat sebesar 16,2% menjadi Rp1.426 miliar, dengan              increased by 16.2% to Rp1,426 billion, with contribution from
     kontribusi dari pendapatan recurring yang tumbuh 13,9% serta             the 13.9% growth in recurring income and a significant growth of
     pendapatan non-recurring yang meningkat signifikan sebesar               34.2% in non-recurring income. This realization reached 83,6% of
     34,2%. Realisasi ini mencapai 83,6% dari target yang telah               the set target, reflecting an effective execution of the Company’s
     ditetapkan, mencerminkan efektivitas eksekusi strategi Perseroan.        strategy.


     Dari sisi profitabilitas, laba usaha tercatat sebesar Rp156 miliar       From profitability perspective, operating profit was recorded at
     atau tumbuh 66,7% dibandingkan tahun sebelumnya, dengan                  Rp156 billion or a 66.7% increase compared to the previous year,
     capaian sebesar 83,2% dari target. Pencapaian ini menegaskan             with a 83,2% achievement from target. This accomplishment
     keberhasilan Perseroan dalam menjaga efisiensi operasional               affirms the Company’s success in maintaining operational
     sekaligus mengoptimalkan peluang pertumbuhan di tengah                   efficiency and, at the same time, optimizing growth opportunity
     kondisi pasar yang menantang.                                            amidst such challenging market conditions.


     Secara keseluruhan, kinerja tahun 2025 mencerminkan                      Overall, the 2025 performance reflects the Company’s resilience
     ketangguhan Perseroan dalam menghadapi tekanan eksternal,                in facing external pressures, as well as a firm discipline in executing
     serta disiplin dalam mengeksekusi strategi yang telah dirumuskan.        the set strategies. This served as a strong foundation for the
     Hal ini menjadi landasan yang kuat bagi Perseroan untuk                  Company to continue its sustainable growth and create added
     melanjutkan pertumbuhan yang berkelanjutan dan menciptakan               value for the stakeholders.
     nilai tambah bagi seluruh pemangku kepentingan.




72       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                     www.bakrieland.com
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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                          Laporan Direksi
                                                                                                                     The Board of Director Report




TANTANGAN DAN UPAYA MITIGASI                                              CHALLENGES AND MITIGATION EFFORTS
Dalam RPJPN (Rancangan Awal Rencana Pembangunan Jangka                    In the 2025-2045 Initial Draft of the National Long-Term
Panjang Nasional) 2025-2045 yang disusun oleh Bappenas,                   Development Plan (RPJPN) prepared by the National Development
pemerintah Indonesia telah menetapkan lima kelompok                       Planning Agency (BAPPENAS), the government of Indonesia
industri prioritas guna mewujudkan Visi Indonesia Emas 2045.              established a five-industry group priority in order to manifest the
Industri properti dan konstruksi tidak termasuk di dalam kelima           Golden Indonesia 2045 Vision. The property and construction
kelompok industri prioritas tersebut. Namun hasil kajian sigi UI          industries are not included in the prioritized five-industry group
sebagaimana dikutip oleh Kamar Dagang dan Industri Indonesia              mentioned above. However, results of a review by SIGI-UI as
(Kadin) menyatakan bahwa properti dan konstruksi masih                    quoted by the Indonesian Chamber of Commerce (Kadin) show
menjadi leading sector bagi 185 industri ikutan lainnya. Hal ini          that property and construction remain as the leading sectors for
menegaskan pentingnya peran industri properti dan konstruksi              the 185 other following industries. This emphasizes the importance
dalam mendukung pertumbuhan ekonomi, walaupun tidak lagi                  of the property and construction industries in supporting economic
menjadi industri prioritas.                                               growth, although they are not prioritized industries.


Ditengah kemungkinan minimnya insentif yang diberikan oleh                In the midst of possibly minimal incentive provided by the
pemerintah karena sektor properti dan konstruksi bukan merupakan          government, as the property and construction industries are
industri prioritas, Perseroan akan tetap pada komitmennya untuk           not a priority, the Company will remain with its commitment to
mengembangkan sektor property di tanah air. Perseroan tetap               develop the country’s property sector. The Company is optimistic
optimis akan dapat meningkatkan kinerjanya melalui perumusan              that it can improve its performance through the formulation of a
strategi yang matang, cermat dan penuh kehati-hatian.                     mature, careful, and prudent strategy.


Dari sisi industri, tingkat backlog kepemilikan rumah di Indonesia        From the industry’s perspective, the level of backlog in Indonesia’s
masih tergolong sangat tinggi. Berdasarkan data Kementerian               housing ownership remains very high. Based on data from the
Perumahan dan Kawasan Permukiman (PKP), backlog perumahan                 Ministry of Housing and Settlement Areas (PKP), the housing
tercatat mencapai hampir 15 juta unit, meskipun angka tersebut            backlog is recorded at almost 15 million units, although this number
cenderung berfluktuasi dari tahun ke tahun. Kondisi backlog               tends to fluctuate year to year. This high backlog condition at
yang tinggi ini sekaligus membuka peluang bagi Perseroan untuk            the same time opens the opportunity for the Company to take
berperan aktif mendukung upaya pemerintah dalam menyediakan               an active role to support the government in providing decent
hunian yang layak bagi masyarakat luas.                                   residences for the public at large.


Di sisi lain, Perseroan juga menghadapi tantangan berupa                  On the other hand, the Company is also faced with a challenge
kenaikan inflasi yang signifikan pada sektor bahan bangunan dan           in the form of significant inflation in the building materials and
transportasi logistik, yang berdampak pada meningkatnya harga             logistics transportation sectors, that impacts the increasing
properti yang dikembangkan oleh Perseroan. Tantangan tersebut             price of property developed by the Company. This challenge
semakin diperberat oleh melemahnya daya beli masyarakat serta             is increasingly burdened by the weakening of the people’s
kecenderungan penurunan minat investasi di sektor properti.               purchasing power as well as the tendency for declining interest
Oleh karena itu, Perseroan perlu menyikapi kondisi ini dengan             in investing in the property sector. For this reason, the Company
penerapan strategi yang tepat guna membangun bisnis yang                  needs to address this condition by implementing an accurate
tangguh dan berkelanjutan.                                                strategy in order to build a resilient and sustainable business.


PROSPEK USAHA                                                             BUSINESS PROSPECT
Tahun 2026 diperkirakan masih akan diwarnai oleh tingkat                  The year 2026 is projected to remain marked by a high level
ketidakpastian yang tinggi, terutama seiring dengan berlanjutnya          of uncertainty, especially in line with continuing geopolitical
ketegangan geopolitik dan potensi perang dagang yang dapat                tensions and the potential trade wars that can impact global trade
memengaruhi perdagangan global serta dinamika investasi.                  and investment dynamics. The impact from these potential trade
Dampak dari potensi perang dagang tersebut berisiko mendorong             wars bears the risks of a pressing rise of inflation amidst global
peningkatan inflasi di tengah kondisi pasar tenaga kerja global yang      labor market conditions that have yet to fully recover. In this
belum sepenuhnya pulih. Dalam konteks ini, The Federal Reserve            context, the Federal Reserve of the United States indicated that
Amerika Serikat mengindikasikan bahwa penurunan suku bunga                decreasing interest rates in the year 2026 can possibly be done
pada tahun 2026 kemungkinan hanya akan dilakukan satu kali.               only once.




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         Kilas Kinerja              Laporan Manajemen               Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights           Management Report               Company Profile         Business Support Unit




     Laporan Direksi
     The Board of Director Report




     Di sisi lain, perekonomian Indonesia diproyeksikan menunjukkan           On the other hand, Indonesia’s economy is projected to show a
     kinerja yang lebih baik pada tahun 2026. Bank Indonesia                  better performance in the year 2026. Bank Indonesia estimated
     memperkirakan pertumbuhan ekonomi nasional berada pada                   national economic growth to reach around 5.1% to 5.6%, higher
     kisaran 5,1% hingga 5,6%, lebih tinggi dibandingkan capaian tahun        than the achievement in 2025.
     2025.


     Tantangan utama perekonomian Indonesia pada tahun 2026 masih             The main challenge in Indonesia’s economy in 2026 remains
     berkaitan dengan menyusutnya kelas menengah, meningkatnya                concerned with the shrinking middle class, the increasing
     proporsi sektor informal, serta kondisi pasar tenaga kerja yang          proportion of the informal sector, and the relatively weak labor
     relatif lemah. Situasi ini berpotensi menekan permintaan terhadap        market conditions. This situation can potentially press demand for
     properti nasional. Namun demikian, kebijakan penurunan suku              national property. Nevertheless, the interest rate reduction policy
     bunga serta berbagai insentif properti yang diberikan Pemerintah         as well as various property incentives provided by the Government
     diharapkan dapat menjadi faktor penyeimbang dalam mendorong              can hopefully serve as the balance factor in encouraging property
     permintaan properti sepanjang tahun 2026. Selain itu, stabilitas         demand throughout the year 2026. In addition, inflation stability
     inflasi yang diperkirakan tetap terjaga pada kisaran 2,5%–3,5%           which is estimated to remain at around 2.5%-3.5% is also viewed
     juga dipandang sebagai faktor pendukung positif bagi sektor              as a positive supporting factor for the national property sector.
     properti nasional.


     Di tengah ketidakpastian yang masih berlanjut, Perseroan tetap           In the midst of continuous uncertainty, the Company remains
     optimis terhadap prospek pertumbuhan usaha ke depan dengan               optimistic about future business growth prospects by formulating
     merumuskan strategi yang tepat, terarah, dan berkelanjutan.              a strategy that is precise, directed, and sustainable. The Company
     Perseroan akan tetap berfokus pada peningkatan pendapatan dari           will still focus on increasing revenue from recurring and non-
     segmen recurring maupun non-recurring melalui pengembangan               recurring segments through development of mid-segment
     proyek-proyek perumahan di segmen menengah, khususnya di                 housing projects, specifically in areas with high growth potential
     wilayah dengan potensi pertumbuhan yang tinggi seperti Sidoarjo          such as Sidoarjo and Bogor. In addition, the Company also plans
     dan Bogor. Selain itu, Perseroan juga berencana mengembangkan            to develop new properties as well as gradually and measurably
     properti baru serta melakukan akuisisi aset strategis secara             acquire strategic assets by considering development potentials
     bertahap dan terukur, dengan mempertimbangkan potensi                    and long-term added values.
     pengembangan serta nilai tambah jangka panjang.


     Dari sisi efisiensi, Perseroan berkomitmen untuk menjaga struktur        From an efficiency perspective, the Company is committed
     biaya pada tingkat yang optimal guna mendukung peningkatan laba.         to maintaining the cost structure at an optimal level in order to
     Upaya tersebut dilakukan melalui pengendalian biaya, peningkatan         support an increase in profit. This effort is conducted through cost
     produktivitas, serta optimalisasi proses bisnis. Perseroan juga          control, productivity improvement, as well as business process
     akan terus menjajaki dan mendorong kerja sama strategis dengan           optimization. The Company will also explore and encourage
     investor yang memiliki visi sejalan, guna mempercepat realisasi          strategic cooperation with investors whose visions are in line so
     proyek-proyek baru, khususnya proyek berskala besar yang                 as to accelerate the realization of new projects, specifically large-
     memerlukan dukungan modal dan keahlian tertentu.                         scale projects that require capital and particular skills support.


     Optimalisasi aset menjadi salah satu prioritas penting berikutnya,       Optimization of assets becomes one of the important subsequent
     antara lain melalui inisiatif peremajaan dan pengembangan kembali        priorities, among others, through rejuvenation and redevelopment
     (re-development) atas aset-aset yang telah ada. Pendekatan ini           of existing assets. This approach is expected to be able to increase
     diharapkan mampu meningkatkan imbal hasil dan nilai properti             returns and overall value of the properties. In line with that, the
     secara keseluruhan. Sejalan dengan itu, Perseroan akan terus             Company will continue to develop the organizational system and
     mengembangkan sistem organisasi dan budaya kerja yang                    work culture that are adaptive, collaborative, and oriented on
     adaptif, kolaboratif, dan berorientasi pada kinerja, sebagai fondasi     performance as the main foundation in support of sustainable
     utama dalam mendukung pertumbuhan yang berkelanjutan serta               growth as well as long-term value creation for all stakeholders.
     penciptaan nilai jangka panjang bagi seluruh stakeholder.




74       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                   www.bakrieland.com
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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                          Laporan Direksi
                                                                                                                     The Board of Director Report




Selain itu, pengembangan sumber daya manusia juga menjadi                 Apart from that, human resource development is also an important
agenda penting yang terus dijalankan Perseroan. Pada tahun 2026,          agenda which the Company continues to implement. In the year
fokus pengembangan SDM diarahkan pada beberapa rencana aksi,              2026, the focus of HR development is directed to several points
yaitu: (1) penguatan kemampuan leadership para leader melalui             of action plan, namely as follows: (1) strengthening the leadership
training Leadership & Team building, (2) penyusunan program               capability of the leaders through Leadership & Team building
suksesi untuk menyiapkan kader-kader pemimpin masa depan                  training, (2) establishing a succession program to prepare the
Perseroan, (3) pemberian training berdasarkan TNA (training               Company’s future leadership cadres, (3) providing training based
need analysis) sesuai dengan kebutuhan dan tuntutan bisnis dan            on TNA (training need analysis) in accordance with business
(4) program-program internalisasi penetrasi budaya Perseroan              requirements and demands and (4) set internationalization
SIGAP.                                                                    programs for the cultura penetration of the the Company’s SIGAP.


Dengan dukungan sumber daya manusia yang kompeten dan                     With the support of the competent and competitive human
berdaya saing, Perseroan optimis dapat menjalankan strategi               resource, the Company is optimistic to carrying out business
bisnis secara optimal dan berkelanjutan.                                  strategies optimally and sustainably.


PENERAPAN TATA KELOLA PERUSAHAAN YANG BAIK                                IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE AS
SEBAGAI LANDASAN DALAM MENGELOLA BISNIS                                   THE FOUNDATION IN MANAGING BUSINESS
Direksi bersama seluruh jajaran organisasi memiliki komitmen              Together with all levels of the organization, the Board of Directors
yang kuat dalam menerapkan praktik Tata Kelola Perusahaan yang            holds a strong commitment to implementing Good Corporate
Baik (Good Corporate Governance/GCG) di sepanjang tahun                   Governance (GCG) throughout the year 2025. The Company
2025. Perseroan secara konsisten menjalankan prinsip-prinsip              consistently applied GCG principles and complied with all
GCG serta mematuhi seluruh peraturan yang berlaku. Perseroan              applicable regulations. The Company also strived to continuously
juga berupaya untuk terus meningkatkan kualitas penerapan                 improve the quality of GCG implementation, among others,
GCG, antara lain melalui pengambilan keputusan yang prudent               through prudent decision-making and always taking into account
dan senantiasa mempertimbangkan risiko yang mungkin timbul                possible risks that may arise in times ahead. This principle of
di masa mendatang. Prinsip kehati-hatian ini juga menjadi dasar           prudence also served as the basis for the Company’s financial
pengelolaan keuangan Perseroan.                                           management.


Laporan Keuangan Perseroan disusun secara akurat dan dapat                The Company’s Financial Statements were prepared accurately
dipertanggungjawabkan, didukung oleh sistem pengendalian                  and can be accounted for, supported by adequate internal control
internal dan manajemen risiko yang memadai. Disamping itu,                and risk management systems. Apart from that, the Company
Perseroan juga memperkuat tata kelola di bidang pengembangan              also strengthened governance in the human resource department
sumber daya manusia melalui penerapan sistem penilaian kinerja            through the implementation of a more objective, transparent and
yang lebih objektif, transparan, dan berkeadilan, serta penyesuaian       justifiable performance assessment system, as well as adjusting
struktur organisasi yang efisien dengan kejelasan fungsi, sistem,         the organizational structure that is efficient with clarity in the
dan pertanggungjawaban.                                                   function, system and accountability.


Seluruh upaya tersebut diarahkan untuk meningkatkan                       All efforts were directed to improving the trust of investors and
kepercayaan investor dan pemegang saham melalui penyampaian               shareholders through the presentation of material data as well as
data serta informasi material yang relevan secara transparan,             information that was relevant in terms of transparency, accuracy,
akurat, berkualitas, dan dapat dipertanggungjawabkan. Selain              quality, and accountability. Aside from that, the Company always
itu, Perseroan senantiasa memperhatikan kepentingan para                  paid attention to the interest of the stakeholders by clarifying
pemangku kepentingan dengan memperjelas hak dan kewajiban                 the rights and obligations of each party and establishing sound
masing-masing pihak serta membangun kerjasama yang sehat                  and responsible cooperation. This commitment was manifested
dan bertanggung jawab. Komitmen tersebut diwujudkan melalui               through the implementation of a community empowerment
pelaksanaan program pemberdayaan masyarakat, keterlibatan                 program, active and continuous involvement in maintaining the
aktif dan berkelanjutan dalam menjaga lingkungan di sekitar               surrounding community around the Company’s facilities or office,
fasilitas atau kantor Perseroan, serta dukungan berkesinambungan          as well as continuous support to various social and humanitarian
terhadap berbagai kegiatan sosial dan kemanusiaan.                        activities.




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Page 78
        Kilas Kinerja              Laporan Manajemen              Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights          Management Report              Company Profile          Business Support Unit




     Laporan Direksi
     The Board of Director Report




     KOMITMEN TERHADAP KEBERLANJUTAN DAN TANGGUNG                           COMMITMENT TO SUSTAINABILITY AND CORPORATE SOCIAL
     JAWAB SOSIAL PERUSAHAAN                                                RESPONSIBILITY
     Dalam rangka memberikan dampak positif bagi masyarakat dan             In the effort to provide positive impact to the community and
     lingkungan, Perseroan mengintegrasikan prinsip lingkungan, sosial,     the environment, the Company integrates the principles of
     dan tata kelola (Environmental, Social, and Governance/ESG)            environment, social, and governance (ESG) into the entire
     ke dalam seluruh kegiatan operasionalnya. Melalui pelaksanaan          operating activities. Through the implementation of the Social
     program Tanggung Jawab Sosial dan Lingkungan (TJSL),                   and Environmental Responsibility (TJSL) program, the Company
     Perseroan menjalankan berbagai inisiatif yang berkontribusi nyata      carries out various initiatives that provide real contributions to
     bagi masyarakat serta lingkungan di sekitar wilayah operasional        the community and the environment surrounding the Company’s
     Perseroan.                                                             operational areas.


     Komitmen Perseroan terhadap pelestarian lingkungan hidup               The Company’s commitment to environmental preservation is
     tercermin dalam Pilar Keberlanjutan Bakrieland di bidang               reflected in Bakrieland’s Sustainability Pillar, namely the “Green
     lingkungan, yaitu “Hijau Secara Menyeluruh (Green Through &            Through & Through” pillar, that serves as guidelines in developing
     Through)”, yang menjadi pedoman dalam pengembangan proyek-             property projects responsibly. The Company consistently puts
     proyek properti secara bertanggung jawab. Perseroan secara             forward environmentally friendly concepts in each of its property
     konsisten mengedepankan konsep ramah lingkungan pada setiap            products, starting from master design planning to property
     produk propertinya, mulai dari perencanaan master design hingga        product development ready to market.
     pengembangan produk properti yang siap dipasarkan.


     Selain itu, Perseroan juga mensosialisasikan keberlanjutan di          Apart from that, the Company also performs socialization on
     bidang lingkungan hidup kepada para pengunjung, penghuni,              environmental sustainability to visitors, residents, tenants and the
     penyewa, dan masyarakat di sekitar area properti milik Perseroan       communities in the surrounding areas of the Company’s property
     dan mengajak mereka berpartisipasi aktif di berbagai inisiatif         and invite them to actively participate in various environmental
     lingkungan hidup yang dillaksanakan oleh Perseroan.                    initiatives carried out by the Company.


     Perseroan     bertekad   mencapai      Tujuan    Pembangunan           The Company is determined to achieve Sustainable Development
     Berkelanjutan (SDG)     dengan berfokus pada peningkatan               Goals (SDG) by focusing on improving the welfare of the community
     kesejahteraan hidup masyarakat melalui pilar keberlanjutan             through Bakrieland’s “It’s About the People” sustainability pillar. On
     Bakrieland “It’s About the People”. Pada pilar ini, Perseroan          this pillar, the Company and all Business Units extend continuous
     dan seluruh Unit Usaha memberikan kontribusi yang                      contributions to surrounding communities in the Company’s
     berkelanjutan terhadap masyarakat sekitar di wilayah                   operational areas by carrying out various community development
     operasional Perseroan dengan menjalankan berbagai program              programs, as well as involving local suppliers to help strengthen local
     community development, serta melibatkan pemasok lokal                  economy. The flood disaster that hit the Sumatra region towards
     untuk memperkuat perekonomian daerah. Bencana banjir yang              the end of the year 2025 also became a concern for the Company.
     melanda wilayah Sumatera menjelang akhir tahun 2025 juga               The Company collaborated with various companies within the Bakrie
     menjadi perhatian Perseroan. Perseroan berkolaborasi dengan            Group to distribute assistance to thousands of residents affected at
     beberapa perusahaan Bakrie Group untuk mendistribusikan                several locations in the form of food, logistics, clothing, household
     bantuan untuk ribuan penduduk yang terdampak di beberapa               equipment, and various other disaster emergency equipment.
     lokasi dalam bentuk makanan, logistik, pakaian, peralatan rumah
     tangga, dan berbagai peralatan kedaruratan.




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                                                                                Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                                                         Laporan Direksi
                                                                                                                    The Board of Director Report




Di tahun 2025, sebanyak 21.480 orang telah memperoleh manfaat            In the year 2025, as many as 21,480 persons received benefits from
dari kegiatan TJSL dengan realisasi dana TJSL mencapai Rp1.6             TJSL activities with actualization of TJSL funds reaching Rp1,6
miliar. Selain itu, Perseroan juga telah melakukan pengadaan             billion. In addition, the Company also performed procurement of
barang dan jasa dengan nilai sebesar Rp60.8 miliar dari pemasok          goods and services with a total value of Rp60,8 billion from local
lokal di Jakarta, Bogor, Lampung, Sidoarjo dan Yogyakarta. Terkait       suppliers in Jakarta, Bogor, Lampung, Sidoarjo and Jogyakarta.
pengadaan barang dan jasa, Perseroan memasukkan kriteria ramah           Concerning the procurement of goods and services, the Company
lingkungan sebagai salah satu aspek yang harus dipenuhi oleh             submitted the environmentally friendly criteria as one of the
para mitra bisnisnya. Hingga akhir 2025, sebanyak 86% pemasok            aspects that must be complied with by all business partners. Until
Perseroan yang telah memenuhi kriteria ramah lingkungan.                 the end of the year 2025, as high as 86% of the company’s suppliers
                                                                         have met the environmentally friendly criteria.


Aspek lain yang menjadi perhatian Perseroan dalam pelaksanaan            Another aspect of concern to the Company in implementing
tanggung jawab sosial adalah pemenuhan kewajiban kepada                  social responsibility is compliance with obligations to customers.
pelanggan. Perseroan senantiasa menempatkan pelanggan sebagai            The Company always places the customer as the main stakeholder
pemangku kepentingan utama yang berperan penting dalam                   that plays an important role in supporting the sustainability
mendukung keberlanjutan dan kesuksesan usaha Perseroan. Oleh             and success of the Company’s business. For this purpose, the
karena itu, Perseroan berkomitmen untuk memastikan bahwa setiap          Company is committed to ensuring that every customer receives
pelanggan memperoleh manfaat yang sesuai dengan produk properti          benefits in accordance with the property product selected. In
yang mereka pilih. Selain itu, Perseroan juga menjamin perlakuan         addition, the Company also guarantees equal treatment to
yang setara kepada seluruh pelanggan, mengingat kepercayaan              all customers, considering that trust is a crucial factor for the
merupakan faktor krusial bagi keberlangsungan usaha Perseroan.           Company’s business continuity.


Perseroan menyadari bahwa penerapan praktik operasional                  The Company realizes that implementation of the ESG-based
berbasis ESG di lingkungan Perseroan masih menghadapi                    operating practices in the company still faces a number of
sejumlah tantangan. Untuk itu, Perseroan terus melakukan                 challenges. For this, the Company continues to carry out various
berbagai penyesuaian, dimulai dari penyempurnaan pedoman                 adjustments, starting from the refinement of applicable guidelines
dan manual operasional yang berlaku, hingga upaya membangun              and operating manuals to efforts for building a sustainability
budaya keberlanjutan agar seluruh karyawan memiliki pola pikir dan       culture so that all employees have the mindset and behavior that
perilaku yang selaras dengan pilar-pilar keberlanjutan Bakrieland.       are in alignment with Bakrieland’s sustainability pillars.




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        Kilas Kinerja             Laporan Manajemen             Profil Perusahaan       Unit Pendukung Bisnis
     Performance Highlights         Management Report             Company Profile         Business Support Unit




     Laporan Direksi
     The Board of Director Report




     PERUBAHAN KOMPOSISI DIREKSI                                          CHANGE IN THE COMPOSITION OF THE BOARD OF DIRECTORS
     Tidak terdapat perubahan dalam komposisi Direksi Perseroan di        There were no changes in the composition of the Board of
     sepanjang tahun 2025.                                                Directors during the year 2025.


     APRESIASI                                                            APPRECIATION
     Sebagai penutup laporan ini, kami menyampaikan ucapan terima         As a closing remark to this report, we would like to extend our
     kasih dan apresiasi yang setinggi-tingginya kepada para pemegang     highest gratitude and appreciation to the shareholders and all
     saham dan seluruh pemangku kepentingan atas dukungan serta           stakeholders for the continuous support and trust provided to
     kepercayaan yang senantiasa diberikan kepada Perseroan. Kami         the Company. We also extend our recognition to the Board of
     juga menyampaikan penghargaan kepada Dewan Komisaris                 Commissioners for the various views, recommendations and
     atas berbagai pandangan, saran, dan masukan yang konstruktif,        constructive feedback, that the Company was able to manage
     sehingga Perseroan dapat dikelola dengan lebih baik di tengah        more appropriately in the midst of challenging economic
     kondisi perekonomian yang penuh tantangan.                           conditions.


     Ucapan terima kasih juga kami sampaikan kepada seluruh               We also express our gratitude to all customers and business
     pelanggan dan mitra usaha atas kepercayaan serta kerja sama          partners for their trust and cooperation established thus far.
     yang telah terjalin selama ini. Kami juga hendak menyampaikan        We also extend our appreciation and acknowledgement to all
     apresiasi dan penghargaan kepada seluruh karyawan atas dedikasi      employees for their dedication and hard work that allowed the
     dan kerja kerasnya sehingga Perseroan mampu membukukan               Company was able to record good performance in 2025. We
     kinerja yang baik di tahun 2025. Kami berharap kepercayaan,          hope that this trust, cooperation and dedication will be continually
     kerja sama, dan dedikasi tersebut dapat terus terjaga dan akan       maintained and support the Company’s performance in times
     mendukung kinerja Perseroan di masa mendatang.                       ahead.




                                                               Atas nama Direksi,
                                                        On behalf of the Board of Directors,




                                                              Resza Adikreshna
                                                                Presiden Direktur
                                                                President Director




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                                                                            Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                      Sustainable Report




                                                                                                                    Laporan Direksi
                                                                                                               The Board of Director Report




                           Sisilia                     Resza Adikreshna                        Melky Aliandri
                           Direktur                    Presiden Direktur                       Direktur
                           Director                    President Director                      Director




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Page 83
          Unit
    Pendukung
        Bisnis
          Business Support Unit

Bakrieland • Laporan Tahunan 2025 Annual Report
Page 84
        Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights    Management Report       Company Profile             Business Support Unit




     Sumber Daya Manusia
     Human Resources Development




              Sinergi                  Inovatif                     Gesit                  Amanah                       Peduli
               Synergy                 Innovative             Responsiveness                  Integrity                  Caring




     Perseroan memandang sumber daya manusia (SDM) sebagai aset          Bakrieland views human resources (HR) as a strategic asset with an
     strategis yang berperan penting dalam memastikan keberlanjutan      important role to ensuring business sustainability, organizational
     usaha, ketahanan organisasi, serta kemampuan Perseroan              resilience, as well as the Company’s capability to adapt with the
     untuk beradaptasi terhadap dinamika industri. Oleh karena itu,      industry’s dynamics. For this reason, the management of human
     pengelolaan sumber daya manusia dilakukan secara terintegrasi       resources is carried out in an integrated manner and in alignment
     dan selaras dengan arah strategi bisnis Grup.                       with the Group’s business strategy direction.


     Melalui fungsi Corporate Human Capital (CHC), Perseroan             Through the function of the Corporate Human Capital (CHC),
     berupaya membangun organisasi yang adaptif, berdaya saing,          the Company strives to build an organization that is adaptive,
     dan berorientasi pada kinerja, dengan tetap menjunjung tinggi       competitive, and oriented on performance, while upholding the
     nilai-nilai budaya Perusahaan serta kepatuhan terhadap regulasi     Company’s cultural values and compliance with employment
     ketenagakerjaan. Dalam menjalankan perannya, CHC tidak hanya        regulations. In carrying out its role, CHC not only functions as
     berfungsi sebagai unit administratif, tetapi juga sebagai mitra     an administrative unit, but also as a strategic partner for the
     strategis bagi manajemen dan unit usaha dalam mengelola             management and business units in managing talents, building
     talenta, membangun budaya kinerja, serta memastikan kesiapan        performance culture, as well as ensuring the organization’s
     organisasi dalam menghadapi tantangan dan peluang usaha ke          readiness to face future business challenges and opportunities.
     depan.


     Strategi dan Kebijakan Pengelolaan SDM                              Human Resource Management Strategy and Policy
     Dalam mengelola SDM, Perseroan senantiasa mengacu pada              In managing HR, the Company always refer to applicable laws and
     peraturan perundangan yang berlaku dan praktik terbaik industri.    regulations and the industry’s best practices. Various policies that
     Berbagai kebijakan yang menjadi panduan Perseroan dalam             serve as the Company’s guidelines to management strategy and
     strategi dan kebijakan pengelolaan adalah sebagai berikut.          policy are as follows:
     1.   Undang-Undang Ketenagakerjaan No. 13 tahun 2003, beserta       1.   Manpower Law No. 13 of year 2003, and its amendments and
          aturan perubahan dan pelaksanaannya                                 implementation provisions;
     2. UU Cipta Kerja No. 6 tahun 2023, beserta aturan                  2. Job Creation Law No. 6 of year 2023, and its implementation
          pelaksanaannya;                                                     provisions;




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                                                                                Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                             Tata Kelola Perusahaan                   Laporan Berkelanjutan
       Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                                              Sumber Daya Manusia
                                                                                                               Human Resources Development




3.    Peraturan Perusahaan yang telah disahkan oleh Kementerian          3.   Company Regulations as ratified by the Ministry of
      Tenaga Kerja;                                                           Manpower;
4.    Surat Keputusan Direksi terkait kebijakan dalam pengelolaan        4.   Decree of the Board of Directors related to the policies on
      Sumber Daya manusia;                                                    Human Resources management;
5.    Code of Conduct (Pedoman Perilaku), yang diterbitkan               5.   Code of Conduct, issued through Decree No.047/SK-Dir/
      melalui SK No.047/SK-Dir/IV/07.                                         IV/07.


Di tahun 2025 Perseroan menerapkan strategi pengelolaan                  In the year 2025, Bakrieland implemented the HR management
SDM yang berfokus pada efisiensi dan digitalisasi proses SDM,            strategy focused on the efficiency and digitalization of HR
penguatan kebijakan dan tata kelola, serta peningkatan kualitas          process, the strengthening of policy and governance, as well as the
pengelolaan karyawan secara menyeluruh.                                  comprehensive improvement of employee management quality.


Sebagai bagian dari upaya digitalisasi dan peningkatan efisiensi         As part of the effort in digitalization and improvement of HR
administrasi SDM, Perseroan mengimplementasikan Human                    administration efficiency, the Company implemented the
Resources Information System (HRIS) Mekari Talenta yang                  Human Resources Information System (HRIS) Mekari Talenta
resmi digunakan secara penuh (go-live) sejak Februari 2025.              which went-live as of February 2025. The implementation of
Implementasi sistem ini memungkinkan pengelolaan data                    this system allows the management of employee data, absence,
karyawan, absensi, penggajian, serta administrasi SDM lainnya            payroll, as well as other HR administration to be conducted more
dilakukan secara lebih terintegrasi, akurat, dan transparan,             in integrated manner, accurately and transparently, and at the
sekaligus mendukung peningkatan employee experience di                   same time support the improvement of employee experience in
seluruh unit usaha.                                                      all business units.


Selain itu, Perseroan juga mengimplementasikan aplikasi Coretax          Apart from that, the Company also implemented the Coretex
untuk perhitungan Pajak Penghasilan Pasal 21 karyawan. Sistem ini        application for calculating employee Income Tax Article 21. This
telah berhasil dijalankan sejak Februari 2025 dan menjadi bagian         system has been successfully carried out since February 2025
dari upaya Perseroan dalam meningkatkan kepatuhan perpajakan             and has served as part of the Company’s effort to improve tax
serta mengurangi risiko administratif yang berkaitan dengan              compliance with taxation as well as to reduce administrative risks
pengelolaan pajak karyawan.                                              related to employee tax management.




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         Kilas Kinerja         Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights     Management Report          Company Profile             Business Support Unit




     Sumber Daya Manusia
     Human Resources Development




     Dari sisi perlindungan karyawan dan pengelolaan risiko finansial,       From the perspective of the employee protection and financial
     Perseroan melakukan perubahan kebijakan dengan beralih dari             risk management, the Company made a change in the policy
     skema self-insured ke penggunaan asuransi kesehatan, yang               by switching from a self-insured scheme to the use of health
     efektif berlaku sejak Januari 2025. Kebijakan ini tidak hanya           insurance, effective as of January 2025. This policy not only aims
     bertujuan untuk mengalihkan risiko finansial, tetapi juga untuk         at diverting financial risks, but also at providing a more optimal
     memberikan perlindungan kesehatan yang lebih optimal dan                and standardized health protection for employees.
     terstandarisasi bagi karyawan.


     Sejalan dengan itu, Perseroan secara berkala melakukan                  In line with that, the Company periodically performed updates
     pembaruan dan penyempurnaan kebijakan internal, antara lain             and refinement of internal policies, among others, through
     melalui pengesahan SOP Pengadaan Barang dan/atau Jasa                   the ratification of the SOP on the Procurement of Goods and/
     serta addendum kebijakan Perjalanan Dinas pada Januari 2025.            or Services as well as the addendum to the policy on Business
     Langkah ini dilakukan untuk memastikan seluruh proses internal          Travel in January 2025. This step was carried out to ensure that all
     berjalan lebih tertib, efisien, dan sesuai dengan prinsip tata kelola   internal processes run more orderly, efficiently, and in accordance
     perusahaan yang baik.                                                   with the principles of good corporate governance.


     Internalisasi Budaya Perusahaan                                         Internalization of Corporate Culture
     Perseroan meyakini bahwa budaya perusahaan yang kuat                    Bakrieland believes that a strong corporate culture is the main
     merupakan fondasi utama dalam membangun organisasi yang                 foundation to building a sustainable organization and which is
     berkelanjutan dan berorientasi pada kinerja. Oleh karena itu,           oriented towards performance. For this reason, throughout the
     sepanjang tahun 2025, Perseroan secara konsisten melanjutkan            year 2025, the Company consistently continued its efforts in the
     upaya internalisasi tata nilai “SIGAP” (Sinergi, Inovatif, Gesit,       internalization of the “SIGAP” values (Synergy, Innovative, Agile/
     Amanah, dan Peduli) sebagai nilai budaya yang menjadi pedoman           Responsive, Integrity, and Caring) as the cultural values that serve
     perilaku seluruh insan Bakrieland.                                      as the code of conduct for all personnel of Bakrieland.


     Dalam rangka memperkuat pemahaman dan keterlibatan karyawan             In the effort to strengthen the comprehension and involvement
     terhadap nilai-nilai tersebut, Perseroan menyelenggarakan               of the employees on these values, the Company held various
     berbagai kegiatan internal yang bersifat partisipatif. Bertepatan       internal activities of a participatory nature. Coinciding with the
     dengan peringatan Hari Ulang Tahun Bakrieland ke-35 pada                commemoration of Bakrieland’s 35th Anniversary in June 2025,
     Juni 2025, Perseroan mengadakan lomba pembuatan lirik dan               the Company held a lyric and jingle creation competition with the
     jingle bertema Bakrieland SIGAP yang diikuti oleh seluruh unit          theme Bakrieland SIGAP which was participated by all business
     usaha dalam Grup. Dalam rangkaian acara yang sama, Perseroan            units within the Group. In similar series of event, the Company
     juga menyelenggarakan lomba fotografi dengan tema simbol                also held a photography competition with the theme of Bakrieland
     Bakrieland SIGAP. Kegiatan ini tidak hanya menjadi sarana               SIGAP symbol. These activities not only serve as means of
     internalisasi nilai budaya, tetapi juga mendorong keterlibatan,         cultural value internalization, but also an encouragement to the
     kreativitas dan rasa memiliki karyawan terhadap Perseroan.              engagement, creativity and sense of belonging of employees
                                                                             towards the company.


     Upaya Perseroan dalam penguatan budaya Bakrieland SIGAP                 For the effort in this strengthening of Bakrieland SIGAP culture and
     dan transformasi organisasi tersebut meraih penghargaan “The            organizational transformation, the Company received the award
     Best Human Capital 2025 for Advancing Organizational Agility            as “The 2025 Best Human Capital for Advancing Organizational
     Through People and Cultural Transformation (Category: Property          Agility Through People and Cultural Transformation (for Property
     & Real Estate)” dalam ajang 5th Indonesia Human Capital Award           & Real Estate category)” at the 5th Indonesia Human Capital
     2025 yang diselenggarakan oleh Warta Ekonomi. Penghargaan               Award in 2025 organized by Warta Ekonomi. This award reflects
     ini mencerminkan upaya berkelanjutan Perseroan dalam                    the company’s sustainable efforts in encouraging a strategic
     mendorong transformasi organisasi melalui penguatan budaya              organizational transformation through the strengthening of
     dan pengelolaan SDM yang strategis.                                     culture and HR management.




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                                                                                   Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                        Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance                    Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                                                Sumber Daya Manusia
                                                                                                                 Human Resources Development




Demografi Karyawan                                                         Employee Demography
Perseroan secara berkelanjutan memantau dinamika sumber                    The Company continuously monitors the dynamics of human
daya manusia guna memastikan ketersediaan tenaga kerja yang                resources in order to ensure the availability of competent
kompeten dan selaras dengan kebutuhan operasional serta                    manpower and to keep in line with operational requirements and
strategi bisnis. Di akhir tahun 2025, Perseroan mencatatkan                business strategies. At the end of the year 2025, the Company
jumlah karyawan sebanyak 7.984 orang, mengalami kenaikan                   recorded its total employees at 7,984 personnel, an increase by
sebanyak 705 orang dibandingkan dengan tahun sebelumnya                    705 employees compared to 7,279 employees in the previous
sebanyak 7.279 orang.                                                      year.


Demografi karyawan, termasuk komposisi berdasarkan usia, masa              The employee demography, including its composition based on
kerja, tingkat pendidikan, dan kategori jabatan, akan disajikan            age, years of service, level of education, and position category, is
secara lebih rinci dalam bentuk tabel berikut.                             presented in detail in the following tables below:


 Komposisi Karyawan berdasarkan Level Jabatan
 Employee Composition based on Position
                        Uraian
                                                               2025                               2024                        2023
                      Description
 Dewan Komisaris                                                   6                                   6                        11
 Board of Commissioners
 Direksi                                                           8                                   6                        17
 Board of Directors
 Head                                                              5                                   6                        10
 Senior Management                                                14                                 80                         82
 Management                                                      116                               203                         185
 Superintendent                                                 680                                 279                        496
 Staff                                                          974                              4.962                         715
 Support                                                       6.181                              1.737                      5.547
 Total                                                        7.984                              7.279                       7.063



 Komposisi Karyawan berdasarkan Tingkat Pendidikan
 Employee Composition based on Education
                         Uraian
                                                               2025                                2024                       2023
                       Description
 Strata-3                                                              -                                   -                         1
 Strata-2                                                          54                                  39                       34
 Strata-1                                                        898                                 782                       770
 Diploma                                                         252                                 360                       365
 SMA                                                            6.197                             5.560                       5.254
 Senior High School
 SMP                                                              381                                354                       423
 Junior High School
 SD                                                              202                                 184                        216
 Elementary School
 Total                                                         7.984                              7.279                       7.063




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        Kilas Kinerja             Laporan Manajemen     Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights         Management Report     Company Profile             Business Support Unit




     Sumber Daya Manusia
     Human Resources Development




     Komposisi Karyawan berdasarkan Usia
     Employee Composition by Age
                                Uraian
                                                                        2025                        2024        2023
                              Description
     <25 tahun / years                                                  1.786                       1.315       1.253
     26–30 tahun / years                                                1.477                       1.334       1.435
     31–35 tahun / years                                                1.219                       1.292       1.249
     36–40 tahun / years                                                1.039                       1.081       1.143
     41–45 tahun / years                                                1.094                       1.057       1.084
     46–50 tahun / years                                                    806                       679        649
     51–55 tahun / years                                                    414                       394        568
     55 tahun ke atas / years and above                                      149                      127         262
     Total                                                             7.984                       7.279        7.643


     Komposisi Karyawan berdasarkan Jenis Kelamin
     Employee Composition by Gender
                                Uraian
                                                                            2025                    2024        2023
                              Description
     Laki-Laki /                                                            1.685                   5.908       5.761
     Male
     Perempuan /                                                        6.299                        1.371      1.302
     Female
     Total                                                              7.984                       7.279       7.063


     Komposisi Karyawan berdasarkan Status Kepegawaian
     Employee Composition by Employment Status
                                Uraian
                                                                            2025                     2024       2023
                              Description
     Kontrak /                                                              7.706                   6.959       6.702
     Contract
     Permanen /                                                              278                      320         361
     Permanent
     Total                                                              7.984                       7.279       7.063


     Komposisi Karyawan berdasarkan Masa Kerja
     Employee Composition by Years of Service
                                Uraian
                                                                            2025                     2024       2023
                              Description
     0–5 tahun / years                                                      7.139                   6.305       5.466
     6–10 tahun / years                                                      678                       718       785
     11–20 tahun / years                                                      121                      251       550

     20 tahun ke atas / years and above                                        46                         5       262
     Total                                                              7.984                       7.279       7.063




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                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                             Sumber Daya Manusia
                                                                                                              Human Resources Development




Tingkat Perputaran Karyawan                                             Employee Turnover Rate
Di tahun 2025, Perseroan merekrut 3.466 karyawan baru dan               In the year 2025, the Company recruited 3,466 new employees
sebanyak 2.664 karyawan keluar dengan berbagai alasan. Dengan           and 2,664 employees left for various reasons. With such
dinamika tersebut, Perseroan mencatatkan tingkat perputaran             dynamics, the Company recorded the rate of employee turnover
karyawan (turnover) sebesar 35,7%. Tingkat turnover tersebut            at 35.7%. This turnover rate was dominated by the high operational
didominasi oleh tingginya intensitas operasional dan besarnya           intensity and the large proportion being contract/non-permanent
proporsi tenaga kerja kontrak di bidang property management,            workforce in property management field.


Terkait tingkat perputaran karyawan, Perseroan secara berkala           Concerning this employee turnover rate, the Company
melakukan evaluasi atas faktor-faktor yang memengaruhi                  periodically conducts assessment on the factors that influence
mobilitas tenaga kerja, baik yang bersifat internal maupun              workforce mobility, both internal and external in nature. Results
eksternal. Hasil evaluasi tersebut menjadi dasar bagi Perseroan         of these assessments serve as basis for the Company to refine its
dalam menyempurnakan strategi rekrutmen, retensi, dan                   strategies in recruitment, retention, and employee development
pengembangan karyawan dari waktu ke waktu.                              from time to time.


Pengembangan Kompetensi dan Karier                                      Competency and Career Development
Pengembangan kompetensi dan karier karyawan merupakan                   Employee competency and career development is one of
salah satu fokus utama Perseroan dalam membangun organisasi             the Company's primary focuses in building a competitive and
yang berdaya saing dan berkelanjutan. Perseroan meyakini bahwa          sustainable organization. The Company believes that investing
investasi pada peningkatan kapasitas sumber daya manusia akan           in human resource capacity development will provide long-term
memberikan nilai tambah jangka panjang bagi Perseroan dan               added value to the Company and support the achievement of its
mendukung pencapaian strategi bisnis secara berkesinambungan.           business strategy on an ongoing basis.


Pada tahun 2025, Perseroan melaksanakan berbagai program                In 2025, the Company implemented various planned and
pengembangan dan peningkatan kompetensi karyawan secara                 measurable      employee      competency      development      and
terencana dan terukur, yang disusun berdasarkan hasil training          enhancement programs, based on the results of a comprehensive
need analysis yang komprehensif serta diselaraskan dengan               training needs analysis and aligned with business needs, regulatory
kebutuhan usaha, perkembangan regulasi, dan dinamika industri.          developments, and industry dynamics. All these initiatives were
Seluruh inisiatif tersebut juga dilaksanakan dengan memperhatikan       implemented with due regard to the principles of effectiveness
prinsip efektivitas dan efisiensi, termasuk optimalisasi alokasi        and efficiency, including optimizing the allocation of available
anggaran yang tersedia.                                                 budgets.


Sepanjang tahun pelaporan, Perseroan secara aktif memfasilitasi         Throughout the reporting year, the Company actively facilitated
karyawan untuk mengikuti berbagai kegiatan pengembangan                 employee participation in various competency development
kompetensi, baik melalui sosialisasi, workshop, seminar, maupun         activities, including outreach programs, workshops, seminars,
pelatihan, yang relevan dengan kebutuhan bisnis dan kepatuhan           and training, relevant to business needs and compliance with
terhadap peraturan yang berlaku. Topik pengembangan yang                applicable regulations. Topics covered by employee development
diikuti karyawan mencakup antara lain peraturan perpajakan,             included tax regulations, accounting standards, employment
standar akuntansi, ketentuan ketenagakerjaan, hukum pertanahan,         provisions, land law, and other areas that support the professional
serta bidang-bidang lain yang mendukung pelaksanaan tugas dan           performance of employee duties and responsibilities.
tanggung jawab karyawan secara profesional.


Selain pelatihan eksternal, Perseroan juga menyelenggarakan             In addition to external training, the Company also conducted
program cross training dengan melibatkan narasumber internal            cross-training programs involving internal speakers from within
dari lingkungan Bakrieland Group. Program ini mengangkat                the Bakrieland Group. This program addresses various strategic
berbagai topik strategis, antara lain skema ketenagakerjaan (PHK,       topics, including employment schemes (layoffs, fixed-term
PKWT, dan program pemagangan) serta manajemen risiko. Selain            employment contracts, and internships) and risk management. In
bertujuan untuk meningkatkan kompetensi teknis, program cross           addition to improving technical competency, this cross-training
training ini juga mendorong pertukaran pengetahuan, penguatan           program also encourages knowledge exchange, strengthened




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     Performance Highlights    Management Report        Company Profile             Business Support Unit




     Sumber Daya Manusia
     Human Resources Development




     kolaborasi, dan penyebaran praktik terbaik antar unit usaha di       collaboration, and the dissemination of best practices across
     dalam Grup.                                                          business units within the Group.


     Dalam rangka mendukung pengembangan talenta jangka                   To support long-term talent development, the Company
     panjang, Perseroan bekerja sama dengan Universitas Bakrie            collaborates with Bakrie University to facilitate employees who
     untuk memfasilitasi karyawan yang ingin melanjutkan pendidikan       wish to continue their formal education at the undergraduate
     formal pada jenjang sarjana maupun pascasarjana. Program ini         and postgraduate levels. This program is part of the Company's
     merupakan bagian dari komitmen Perseroan dalam membangun             commitment to developing competent, adaptable, and highly
     sumber daya manusia yang kompeten, adaptif, dan memiliki daya        competitive human resources.
     saing tinggi.


     Sejalan dengan pengembangan kompetensi, Perseroan juga               In line with competency development, the Company also
     menerapkan kebijakan pengembangan karier yang memberikan             implements a career development policy that prioritizes
     prioritas kepada karyawan berpotensi dan berkinerja baik untuk       high-performing and potential employees to fill available job
     mengisi peluang jabatan yang tersedia di lingkungan Grup. Melalui    opportunities within the Group. Through this approach, the
     pendekatan ini, Perseroan berupaya menciptakan kesinambungan         Company strives to create leadership continuity and increase
     kepemimpinan serta meningkatkan motivasi dan loyalitas               employee motivation and loyalty.
     karyawan.


     Secara keseluruhan, program pengembangan kompetensi                  Overall, the employee competency and career development
     dan karier karyawan dirancang agar selaras dengan kebutuhan          program is designed to align with the needs of the organization,
     organisasi, sekaligus memberikan ruang bagi karyawan untuk           while providing opportunities for employees to grow and develop
     tumbuh dan berkembang bersama Perseroan dalam mendukung              alongside the Company in supporting long-term business
     keberlanjutan usaha jangka panjang.                                  sustainability.



     Pengelolaan Talenta                                                  Talent Management
     Perseroan menerapkan pendekatan manajemen talenta yang               Bakrieland implements its integrated talent management
     terintegrasi untuk memastikan ketersediaan sumber daya               approach to ensure the availability of human resources that
     manusia yang kompeten, adaptif, dan selaras dengan kebutuhan         are competent, adaptive and in alignment with business needs.
     bisnis. Strategi ini mencakup pengelolaan rekrutmen yang efektif,    This strategy includes an effective recruitment management,
     upaya retensi karyawan, serta penguatan employer branding            employee retention efforts, as well as strengthening of employer
     secara berkelanjutan.                                                branding on continuous basis.


     Dalam pelaksanaan rekrutmen, Perseroan mengedepankan                 In recruitment, the Company puts forward the development and
     pengembangan dan mobilitas talenta internal di lingkungan            mobility of talents internally within the Bakrieland Group as the main
     Bakrieland Group sebagai prioritas utama. Pendekatan ini dilakukan   priority. This approach is carried out to provide the opportunity for
     untuk memberikan kesempatan pengembangan karier bagi karyawan        career development for employees and at the same time ensure
     sekaligus memastikan kesinambungan pengetahuan dan budaya            continuity of knowledge and corporate culture. Throughout the
     perusahaan. Sepanjang tahun 2025, sejumlah posisi strategis diisi    year 2025, a number of strategic positions were filled through
     melalui mekanisme rekrutmen internal lintas unit usaha.              internal recruitment mechanism across business units.


     Selain sumber internal, Perseroan juga memanfaatkan berbagai         Aside from internal resources, the Company also make use of
     kanal eksternal untuk memenuhi kebutuhan rekrutmen, antara           various external channels to meet recruitment needs, among
     lain melalui platform rekrutmen daring (JobStreet, Glints) serta     others, through online recruitment platforms (JobStreet, Glints)
     pemanfaatan media sosial dan jaringan profesional (LinkedIn,         as well as the use of social media and professional networks
     Instagram, Facebook). Untuk posisi senior dan jabatan kunci          (LinkedIn, Instagram, Facebook). For senior positions and certain
     tertentu, Perseroan bekerja sama dengan headhunter guna              key positions, the Company works together with head-hunters
     memastikan proses pencarian talenta berjalan secara selektif         in order to ensure talent search process is selective and right on
     dan tepat sasaran. Melalui kombinasi strategi tersebut, Perseroan    target. Through such a strategic combination, the Company is




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           Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                               Sumber Daya Manusia
                                                                                                                Human Resources Development




mampu memenuhi kebutuhan sumber daya manusia sesuai                       able to fulfill human resource requirements in accordance with
dengan rencana dan kebutuhan operasional tahun berjalan.                  plans and operational needs in the current year.


Dalam rangka meningkatkan retensi dan daya tarik sebagai tempat           In the effort to increase retention and attractiveness as a work
bekerja, Perseroan secara konsisten membangun employer                    place, the Company consistently builds a strong employer
branding yang kuat. Upaya ini dilakukan melalui komunikasi aktif          branding. This effort is carried out through active communication
mengenai aktivitas dan budaya perusahaan, termasuk melalui                on company activities and culture, including through official
kanal media sosial resmi. Upaya ini diiringi dengan komitmen              social media channels. This effort is followed through with the
untuk memastikan pemenuhan seluruh ketentuan peraturan                    commitment to ensure compliance with all applicable manpower
ketenagakerjaan yang berlaku, seperti kepesertaan BPJS                    laws and regulatory provisions, such as Health and Manpower
Kesehatan dan Ketenagakerjaan, pemenuhan upah minimum,                    BPJS participation, fulfilment of minimum wage, and such
serta hak-hak karyawan seperti cuti tahunan.                              employee rights as annual leave.


Sebagai bentuk apresiasi dan upaya meningkatkan keterikatan               As a form of appreciation and effort to improve employee
karyawan, Perseroan menyediakan berbagai fasilitas dan manfaat            engagement, the Company provides various facilities and
tambahan. Antara lain, Perseroan memberlakukan kebijakan                  additional benefits. Among others, the Company applies the
harga khusus dan diskon bagi karyawan dan keluarganya untuk               special price and discount policy for employees and families on
produk dan layanan di lingkungan Bakrieland Group, seperti                products and services within Bakrieland Group, such as entry
tiket masuk taman hiburan, harga khusus menginap di hotel,                tickets to recreational parks, special hotel rates, to discounts
hingga diskon pembelian unit properti. Selain itu, Perseroan              for purchase of property units. In addition, the company
juga menyelenggarakan berbagai program pelibatan karyawan,                also hold various employee engagement programs, including
termasuk kegiatan employee gathering, pemberian apresiasi atas            employee gathering activities, provision of token of appreciation
kontribusi karyawan, serta perhatian pada momen penting dalam             for employee contribution, as well as attention to important
kehidupan karyawan.                                                       moments in employees’ life.


Pengelolaan Kinerja                                                       Performance Management
Dalam aspek pengelolaan kinerja, Direksi memberi perhatian                In performance management aspect, the Board of Directors
khusus pada penguatan sistem penilaian kinerja yang lebih                 provides special attention to the strengthening of performance
terstruktur dan terukur. Mulai tahun 2025, Perseroan mendorong            assessment system that is more structured and measurable.
penerapan manajemen kinerja secara lebih konsisten di seluruh             Starting from the year 2025, the Company encourages the
Unit Usaha. Langkah ini bertujuan untuk memastikan keselarasan            implementation of performance management more consistently
antara target individu, unit kerja, dan tujuan strategis perusahaan,      in all Business Unit. This step is aimed at ensuring alignment
sekaligus menciptakan budaya kinerja yang berorientasi pada               between individual and work unit targets, company strategic
pencapaian hasil.                                                         goals, as well as creating performance culture that is oriented on
                                                                          achieving results.


Perseroan menyadari bahwa sistem remunerasi dan pengelolaan               The Company realizes that remuneration system and performance
kinerja yang adil, transparan, dan berbasis kinerja merupakan             management that is fair, transparent and based on performance
faktor penting dalam mendorong motivasi serta produktivitas               are important factors in encouraging motivation and productivity
karyawan. Oleh karena itu, kebijakan remunerasi dan benefit               of employees. For this reason, remuneration and benefit policies
dirancang untuk tetap kompetitif, sejalan dengan kemampuan                are designed to remain competitive, in line with company’s
perusahaan, serta mematuhi ketentuan peraturan perundang-                 capability, as well as comply with applicable laws and regulations.
undangan yang berlaku.


Sepanjang tahun 2025, Perseroan memberikan penghargaan                    During the year 2025, the Company provided token of
dan pengakuan kepada karyawan, khususnya di unit usaha yang               appreciation and acknowledgement to employees, specifically
berhasil mencapai atau melampaui target kinerja yang telah                in business units that managed to achieve or surpass the set
ditetapkan. Pemberian penghargaan tersebut dilakukan dengan               performance targets. Providing such appreciation is carried out
mempertimbangkan hasil penilaian kinerja masing-masing                    with consideration on the results of performance assessment of




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     Performance Highlights    Management Report        Company Profile            Business Support Unit




     Sumber Daya Manusia
     Human Resources Development




     karyawan. Dari sisi benefit, Perseroan melengkapi program            individual employee. From benefits perspective, the Company
     perlindungan sosial wajib dengan pemberian asuransi kesehatan        complements its mandatory social protection program with
     tambahan. Kebijakan ini diharapkan dapat memberikan rasa aman        additional health insurance. This policy is expected to provide
     bagi karyawan serta mendukung kesejahteraan dan produktivitas        a sense of security for employees and support sustainable well-
     kerja secara berkelanjutan.                                          being and productivity.


     Hubungan Industrial                                                  Industrial Relations
     Perseroan meyakini bahwa hubungan industrial yang harmonis           The Company believes that a harmonious industrial relation is
     merupakan salah satu prasyarat utama bagi terciptanya                one of the main requirements for the creation of a conducive and
     lingkungan kerja yang kondusif dan produktif. Oleh karena itu,       productive working environment. For this purpose, the Company
     Perseroan secara konsisten membangun komunikasi yang terbuka         consistently builds open and constructive communication with all
     dan konstruktif dengan seluruh karyawan di lingkungan Bakrieland     employees within the Bakrieland Group
     Group.


     Sepanjang tahun 2025, Perseroan memastikan kepatuhan terhadap        Throughout the year 2025, the Company ensured that compliance
     seluruh ketentuan peraturan perundang-undangan di bidang             with all provisions of the laws and regulations in manpower,
     ketenagakerjaan, baik yang berkaitan dengan hak dan kewajiban        both related to the rights and obligations of employees as well
     karyawan maupun kewajiban perusahaan sebagai pemberi                 as obligations of the company as work provider. The Company
     kerja. Perseroan juga memastikan kelengkapan dan pembaruan           also ensured the completeness and updating of employment
     dokumen ketenagakerjaan, antara lain Peraturan Perusahaan,           documents, including Company Regulations, fixed-term
     perjanjian kerja waktu tertentu (PKWT), perjanjian kerja waktu       employment agreements (PKWT), indefinite-term employment
     tidak tertentu (PKWTT), serta dokumen ketenagakerjaan lainnya        agreements (PKWTT), and other employment documents in
     sesuai ketentuan yang berlaku.                                       accordance with applicable provisions.


     Dalam rangka meningkatkan pemahaman dan kepatuhan                    In the effort to improve the understanding and compliance
     terhadap regulasi ketenagakerjaan, Perseroan secara berkala          with manpower regulations, the Company periodically holds
     menyelenggarakan kegiatan sosialisasi peraturan ketenagakerjaan      socialization activities on new manpower regulations to the
     terbaru kepada para pimpinan unit usaha, kepala divisi, dan kepala   management of business units, division heads, and department
     departemen. Melalui pendekatan tersebut, Perseroan berupaya          heads.     Through such approach, the Company strives to
     memastikan bahwa kebijakan dan praktik ketenagakerjaan               ensure that manpower policies and practices are implemented
     diterapkan secara konsisten di seluruh unit usaha.                   consistently in all business units.


     Selain itu, Perseroan juga berupaya menciptakan lingkungan kerja     Apart from that, the Company also strives to creating a work
     yang nyaman, aman, dan saling menghargai, sehingga karyawan          environment that is comfortable, safe, and mutually respecting,
     dapat menyampaikan aspirasi, pertanyaan, maupun keluhan              so that employees can convey their aspirations, questions, and
     secara terbuka dan memperoleh tindak lanjut yang tepat dari          even complaints openly and receive immediate follow-up from
     manajemen.                                                           the management.




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                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                                            Sumber Daya Manusia
                                                                                                             Human Resources Development




Rencana Pengembangan SDM ke Depan                                      Plans for Future HR Development
Sepanjang tahun 2025, Perseroan melaksanakan berbagai                  Throughout 2025, the Company implemented various strategic
inisiatif strategis di bidang pengelolaan sumber daya manusia          initiatives in human resource management as part of its efforts
sebagai bagian dari upaya memperkuat kapabilitas organisasi            to strengthen organizational capabilities and support the
dan mendukung pencapaian tujuan jangka panjang. Capaian                achievement of long-term goals. The Company's achievements,
Perseroan, termasuk pengakuan eksternal melalui penghargaan            including external recognition through national awards, reflect
di tingkat nasional, mencerminkan efektivitas kebijakan dan            the effectiveness of its HR policies and programs and serve as
program SDM yang dijalankan, sekaligus menjadi pendorong bagi          a driving force for continuous improvement and innovation.
Perseroan untuk terus melakukan penyempurnaan dan inovasi              The Company recognizes that future business dynamics and
secara berkelanjutan. Perseroan menyadari bahwa dinamika dan           challenges demand organizational readiness and a higher quality
tantangan bisnis ke depan menuntut kesiapan organisasi serta           of talent.
kualitas talenta yang semakin tinggi.


Memasuki tahun 2026, fokus pengembangan sumber daya                    Entering 2026, the Company's human resource development
manusia Perseroan diarahkan pada implementasi rencana aksi             focus is directed at implementing action plans aligned with its
yang selaras dengan strategi bisnis. Prioritas utama meliputi          business strategy. Key priorities include strengthening leadership
penguatan kapabilitas kepemimpinan melalui program leadership          capabilities through leadership development and team building
development dan team building, penyusunan dan pelaksanaan              programs, developing and implementing a succession program
program suksesi untuk menyiapkan kader pemimpin masa depan,            to prepare future leaders, and providing training needs analysis-
serta penyelenggaraan pelatihan berbasis training need analysis        based training tailored to business needs and demands.
yang disesuaikan dengan kebutuhan dan tuntutan bisnis.


Sejalan dengan upaya tersebut, Perseroan juga akan                     In line with these efforts, the Company will also intensify its
mengintensifkan program internalisasi dan penguatan budaya             internalization and strengthening of its SIGAP corporate culture
Perusahaan SIGAP sebagai landasan perilaku kerja. Dengan               as a foundation for work behavior. With the support of competent,
dukungan sumber daya manusia yang kompeten, adaptif, dan               adaptive, and committed human resources, the Company is
berkomitmen, Perseroan optimistis dapat menjalankan strategi           optimistic that it can sustainably execute its business strategy
bisnis secara berkelanjutan serta menciptakan nilai tambah yang        and create optimal added value for all stakeholders.
optimal bagi seluruh pemangku kepentingan.




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         Kilas Kinerja         Laporan Manajemen          Profil Perusahaan            Unit Pendukung Bisnis
     Performance Highlights      Management Report          Company Profile              Business Support Unit




     Teknologi Informasi
     Information Technology



     Teknologi Informasi (TI) merupakan salah satu pilar pendukung             Information Technology (IT) is one of the main supporting pillars
     utama keberlanjutan usaha Perseroan, melalui perannya dalam               of the Company business sustainability, through its role in
     mendukung efektivitas operasional, ketahanan sistem, serta                supporting the effectiveness of operations, system resilience,
     kemampuan Perseroan untuk beradaptasi terhadap dinamika                   as well as Company’s ability to adapt to business dynamics. By
     bisnis. Melalui pemanfaatan teknologi yang terarah, Perseroan             means of utilizing a more directed technology, the Company
     memastikan proses bisnis berjalan secara efisien dan akurat,              ensures that business process runs more efficient and accurate,
     sekaligus mendukung penguatan pengendalian internal dan                   while also support the strengthening of internal control and the
     kualitas pengambilan keputusan manajemen.                                 quality of management’s decision-making.


     Pengelolaan TI Perseroan berada di bawah tanggung jawab Divisi            The company’s IT management is under the responsibility of
     Corporate Information Technology (CIT). Divisi CIT berperan               the Corporate Information Technology Division (CIT). CIT
     dalam menjaga, mengelola, dan meningkatkan efektivitas sistem             Division plays a role in maintaining, managing, and improving
     kerja berbasis TI. Secara khusus, divisi ini memastikan keandalan         the effectiveness of IT-based work systems. In particular, this
     sistem dan infrastruktur teknologi, memastikan keamanan dan               division ensures the technology system and infrastructure’s
     akses penggunaan data, serta mendukung pemanfaatan teknologi              reliability, data security and usage access, and supports the use
     di seluruh unit kerja.                                                    of technology throughout the work units.


     Strategi dan Kebijakan Teknologi Informasi                                Information Technology Strategy and Policy
     Pada tahun 2025, Perseroan menetapkan strategi Teknologi                  In the year 2025, the Company established its Information
     Informasi dengan tema “Penguatan Fondasi TI Menuju Layanan                Technology strategy with the theme “Strengthening IT Foundation
     Cerdas”. Strategi ini dirancang untuk membangun infrastruktur             Towards Smart Services”. This strategy is designed to develop the
     digital Perseroan agar lebih tangguh, terintegrasi, dan siap              Company’s digital infrastructure to be more resilient, integrated
     menghadapi pertumbuhan bisnis di masa depan. Fokus strategi               and ready to face future business growth. The IT strategy focus
     TI diarahkan pada penguatan kapabilitas inti, yang mencakup               was directed towards the strengthening of the core capability
     peningkatan ketersediaan layanan TI, penguatan keamanan siber,            which included the increase in IT service availability, strengthening
     serta integrasi sistem yang lebih baik di seluruh unit kerja. Penguatan   of cyber security, as well as a better integrated system in all work




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                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                                                    Teknologi Informasi
                                                                                                                         Information Technology




Perseroan akan melanjutkan penguatan TI untuk memastikan keandalan sistem,
keamanan informasi, dan kesiapan infrastruktur dalam mendukung kebutuhan bisnis
yang terus berkembang. Perseroan juga akan terus menyempurnakan tata kelola
dan kapabilitas TI agar selaras dengan strategi bisnis dan kerangka manajemen
risiko. Upaya ini dilakukan dengan pendekatan yang terukur dan prudent, sehingga
TI dapat terus berperan sebagai enabler strategis dalam mendukung penciptaan
nilai jangka panjang bagi Perseroan.

The Company will continue IT enhancement efforts to ensure system reliability, information
security, and infrastructure readiness to support the increasingly expanding business
requirements. The Company will also continually improve IT governance and capabilities so that
it is aligned with business strategies and risk management framework. This effort will be carried
out with measurable and prudent approach, so that IT can continuously play the role as a strategic
enabler in encouraging the creation of long-term values for the Company.



fondasi ini memastikan TI tidak hanya menjadi pendukung                  units. Enhancement in this foundation ensured that IT not only
operasional, tetapi menjadi pilar strategis yang memungkinkan            serve as operational support, but also as strategic pillar that allows
organisasi beradaptasi cepat terhadap dinamika pasar.                    the organization to quickly adapt to the market dynamics.


Dengan fondasi yang lebih solid, Perseroan mendorong                     With a more solid foundation, the Company drives transformation
transformasi menuju layanan cerdas melalui pemanfaatan                   towards smart services through the use of large data, follow-
data besar, analitik lanjutan, dan kecerdasan buatan. Teknologi-         up analytics, and artificial intelligence. These technologies will
teknologi ini akan memperkaya pemahaman terhadap perilaku                enrich the understanding on customer behaviours, allowing more
pelanggan, memungkinkan rekomendasi yang lebih personal, dan             personal recommendations, and deliver an intuitive and high-
menghadirkan pengalaman layanan yang intuitif serta bernilai             value service experience. This approach places the Company
tinggi. Pendekatan ini menempatkan Perseroan pada jalur inovasi          on a sustainable innovation path, reinforces relationships with
berkelanjutan, memperkuat hubungan dengan pelanggan dan                  customers and business partners, as well as creates greater added
mitra bisnis, serta menciptakan nilai tambah yang lebih besar bagi       values for all stakeholders.
seluruh pemangku kepentingan.


Peningkatan Infrastruktur Digital                                        Improvement in Digital Infrastructure
Sepanjang tahun 2025, Perseroan memfokuskan implementasi                 Throughout the year 2025, the Company focused on the
strategi TI pada penguatan infrastruktur digital guna memastikan         implementation of IT strategy in strengthening digital
keandalan dan kesinambungan layanan. Upaya ini dilakukan                 infrastructure in order to ensure service reliability and continuity.
melalui peremajaan perangkat kerja kantor serta peningkatan dan          This effort was conducted through rejuvenation of office work
peremajaan server, seiring dengan meningkatnya kompleksitas              equipment and server upgrades and rejuvenation, along with the
sistem akibat pemanfaatan cloud, Software as a Service (SaaS),           increasing complexity of systems due to the use of cloud, Software
dan aplikasi internal. Penguatan infrastruktur ini bertujuan             as a Service (SaaS), and internal applications. The strengthening
untuk menjaga stabilitas performa, dan kesiapan sistem dalam             of this infrastructure aimed at maintaining performance stability,
mendukung kebutuhan operasional yang terus berkembang.                   and system readiness to support the increasingly developing
                                                                         operational needs.




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         Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights     Management Report         Company Profile              Business Support Unit




     Teknologi Informasi
     Information Technology




     Penguatan Keamanan Siber                                               Enhancement of Cyber Security
     Meningkatnya intensitas dan kompleksitas ancaman siber menjadi         The increasing intensity and complexity of cyber threats has
     salah satu tantangan utama dalam pengelolaan TI. Menyikapi             become one of the major challenges in IT management. In
     hal tersebut, di tahun 2025 Perseroan melakukan evaluasi dan           addressing this matter, the Company in 2025 conducted an
     pelaksanaan program keamanan siber yang mencakup penguatan             evaluation and implementation of cyber security program that
     mekanisme deteksi, respons, dan pemulihan terhadap insiden             included a more forceful detection mechanism, response,
     keamanan informasi. Langkah ini diarahkan untuk melindungi             and recovery of information security incidents. This step was
     sistem dan data Perseroan, sekaligus menjaga keandalan                 directed towards Company system and data protection, while
     operasional di tengah meningkatnya ketergantungan terhadap             also maintained operational reliability in the midst of increasing
     teknologi digital.                                                     dependency on digital technology.


     Pengembangan Tata Kelola TI                                            Development of IT Governance
     Sejalan dengan meningkatnya volume dan pemanfaatan data,               In line with the increase in volume and utilization of data, the
     Perseroan menghadapi kebutuhan akan tata kelola data dan TI            Company faces the need for data and IT governance that is
     yang lebih terstruktur. Oleh karena itu, pengelolaan TI dilaksanakan   more structured. For this purpose, IT management is carried
     dengan mengacu pada kebijakan Tata Kelola TI dan Standar               out with reference to applicable policies of IT Governance and
     Operasional Prosedur (SOP) yang berlaku. Sepanjang tahun               Standard Operating Procedure (SOP). During the year 2025, the
     2025, Perseroan terus melakukan evaluasi dan penyempurnaan             Company continued to conduct evaluation and improvement of
     tata kelola TI guna memastikan keselarasan antara pemanfaatan          IT governance in order to ensure alignment between technology
     teknologi, kebutuhan bisnis, dan pengelolaan risiko. Penguatan         utilization, business requirements, and risk management.
     tata kelola ini menjadi penting untuk mengelola kompleksitas           Reinforcing this governance became important for managing
     sistem, menjaga integritas data, serta mendukung penerapan tata        system complexity, maintain data integrity, as well as support the
     kelola perusahaan yang baik.                                           implementation of Good Corporate Governance.


     Pengembangan Sumber Daya Manusia TI                                    Development of IT Human Resource
     Perseroan menyadari bahwa keterbatasan talenta digital,                The Company realized that limited digital talents, particularly in
     khususnya di bidang cloud, data, kecerdasan buatan, dan                the fields of cloud, data, artificial intelligence, and cyber security,
     keamanan siber, merupakan tantangan yang perlu dikelola secara         was a challenge that required sustainable management. For
     berkelanjutan. Oleh karena itu, pengembangan kompetensi SDM            this reason, development of IT HR became an integral part in IT
     TI menjadi bagian integral dari implementasi strategi TI. Upaya        strategy implementation. This effort focused on improving IT
     ini difokuskan pada peningkatan kapabilitas personel TI dengan         personnel capabilities by involving the CIT team in various training
     mengikutsertakan tim CIT dalam berbagai pelatihan agar mampu           so that they were capable of managing the increasingly complex
     mengelola sistem yang semakin kompleks serta mendukung                 system and support the readiness of the organization in adapting
     kesiapan organisasi dalam beradaptasi terhadap perkembangan            technology development and the demands of increasingly rapid
     teknologi dan tuntutan transformasi digital yang semakin cepat.        digital transformation.


     Rencana ke Depan                                                       Future Plans
     Ke depan, Perseroan akan melanjutkan penguatan TI untuk                Going forward, the Company will continue IT enhancement
     memastikan keandalan sistem, keamanan informasi, dan                   efforts to ensure system reliability, information security, and
     kesiapan infrastruktur dalam mendukung kebutuhan bisnis yang           infrastructure readiness to support the increasingly expanding
     terus berkembang. Perseroan juga akan terus menyempurnakan             business requirements. The Company will also continually
     tata kelola dan kapabilitas TI agar selaras dengan strategi bisnis     improve IT governance and capabilities so that it is aligned with
     dan kerangka manajemen risiko. Upaya ini dilakukan dengan              business strategies and risk management framework. This effort
     pendekatan yang terukur dan prudent, sehingga TI dapat terus           will be carried out with measurable and prudent approach, so
     berperan sebagai enabler strategis dalam mendukung penciptaan          that IT can continuously play the role as a strategic enabler in
     nilai jangka panjang bagi Perseroan.                                   encouraging the creation of long-term values for the Company.




94       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                   www.bakrieland.com
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                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




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         Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
     Performance Highlights     Management Report         Company Profile             Business Support Unit




     Corporate Affairs
     Corporate Affairs



     Corporate Affairs Bakrieland memiliki peran strategis dalam            Bakrieland’s Corporate Affairs plays a strategic role in assuring
     memastikan pengelolaan komunikasi dan informasi Perseroan              that the management of the Company’s communication and
     berjalan secara terintegrasi, terencana, dan dapat diandalkan.         information runs in an integrated, planned and reliable manner.
     Melalui fungsi ini, Perseroan berupaya membangun serta                 Through this function the Company strives to develop and
     menjaga citra positif korporasi dan produk-produk Perseroan            manage consistent positive corporate image as well as for the
     secara konsisten, sekaligus mendukung aktivitas pemasaran              Company products, while also support marketing activities and
     dan memperkuat reputasi Perseroan di mata para pemangku                strengthen the Company’s reputation in the eyes of stakeholders.
     kepentingan.


     Direktorat Corporate Affairs (CA) menjalankan fungsinya melalui        The Corporate Affairs (CA) Directorate carries out its function
     tiga unit kerja pendukung, yaitu Corporate Communications,             through three supporting work units, namely Corporate
     Social Media & Design, serta Corporate Sustainability &                Communications, Social Media & Design, and Corporate
     CSR. Ketiga bagian tersebut berkolaborasi secara erat dalam            Sustainability & CSR. The three work units collaborate closely in
     melaksanakan fungsi pengembangan, operasional, dan koordinasi          conducting development, operational and coordination functions,
     yang aktivitasnya disesuaikan dengan karakteristik dan kebutuhan       of which the activities are adapted to the characteristics and
     masing-masing pemangku kepentingan yang ditangani.                     needs of each stakeholder being handled.


     Strategi dan Fokus Corporate Affairs                                   Corporate Affairs Strategy and Focus
     Sepanjang tahun 2025, CA memfokuskan strategi pada penguatan           Throughout the year 2025, CA focused on the strategy to reinforce the
     reputasi dan visibilitas Perseroan melalui pengelolaan komunikasi      reputation and visibility of the Company through the management of
     yang adaptif terhadap perkembangan teknologi dan preferensi            adaptive communication on technology development and audience
     audiens. CA bertanggung jawab memastikan seluruh informasi             preference. CA is responsible for ensuring that all of Company
     dan komunikasi Perseroan dikelola secara terintegrasi, selaras         information and communication is managed in integrated manner,
     dengan identitas korporasi Perseroan, serta disampaikan melalui        in line with the Company corporate identity, as well as disseminated
     kanal yang tepat dan relevan.                                          through appropriate and relevant channels.


     Strategi utama CA di tahun 2025 meliputi:                              CA’s main strategies in 2025 are as follows:
     •    Memperkuat reputasi Perseroan melalui partisipasi dalam           •    Strengthen Company’s reputation through participation in
          berbagai ajang penghargaan.                                            award events.
     •    Mengoptimalkan pemanfaatan kanal digital sebagai sarana           •    Optimize the use of digital channels as means to disseminate
          penyebaran informasi Perseroan.                                        Company information.
     •    Melakukan kajian dan penerapan teknologi Artificial               •    Conduct studies and implementation of Artificial Intelligence
          Intelligence (AI) dalam proses komunikasi dan operasional.             (AI) technology in communication and operational processes.
          Inisiatif ini ditujukan untuk meningkatkan efisiensi kerja,            This initiative is aimed at increasing work efficiency,
          ketepatan distribusi informasi, serta relevansi konten                 accuracy in information distribution, as well as relevance of
          komunikasi agar selaras dengan perkembangan zaman dan                  communication content so as to be in line with occurring
          kebutuhan pemangku kepentingan.                                        developments and needs of the stakeholders.
     •    Melakukan evaluasi atas efektivitas kanal dan platform            •    Conduct evaluation on the effectiveness of communication
          komunikasi guna memperluas jangkauan audiens.                          channels and platforms in order to expand the range of
                                                                                 audience.
     •    Menjaga visibilitas Perseroan di ruang publik melalui publikasi   •    Maintain the Company’s visibility in the public space through
          dan pemberitaan di media daring.                                       publication and online media news coverage.
     •    Memastikan pemberitaan mengenai Perseroan tetap                   •    Ensure news broadcast on the Company remains with
          berintonasi positif.                                                   positive intonation.
     •    Memberikan dukungan komunikasi serta pelaksanaan                  •    Provide communication support and implementation of CSR
          program CSR unit usaha.                                                programs of business units.
     •    Mengimplementasikan        kebijakan     Corporate     Identity   •    Implement      Bakrieland      Corporate   Identity   policies
          Bakrieland secara konsisten di seluruh lini komunikasi.                consistently in all lines of communication.




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                                                                                Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                        Corporate Affairs
                                                                                                                             Corporate Affairs




Unit kerja Corporate Communications juga berperan aktif dalam menjaga
hubungan dengan media serta memantau tone pemberitaan untuk memastikan
isu-isu terkait Perseroan dikelola secara efektif. Di tahun 2025, Perseroan
terpublikasi 682 kali di berbagai media online dan didominasi oleh pemberitaan
berintonasi positif dan netral. Berkolaborasi dengan unit kerja lainnya, fungsi ini
turut menyalurkan berbagai informasi strategis kepada karyawan sebagai bagian
dari penguatan komunikasi internal dan penyelarasan arah strategis Perseroan.

The Corporate Communications work unit also takes on an active role in maintaining
relationship with the media and ensuring that issues related to the Company are managed
effectively. In 2025, the Company was publicized 682 times in various online media and
dominated by positive and neutral news release. In collaboration with other work units, this
function helps disseminate various strategic information to employees as part of the effort to
strengthen internal communication and to align with Company strategies.




Corporate Communications                                                 Corporate Communications
Pada tahun 2025, unit kerja Corporate Communications berfokus            In the year 2025, the Corporate Communications unit focused on
pada peningkatan kualitas dan frekuensi publikasi Perseroan,             improving the quality and frequency of the Company’s publication,
khususnya melalui media daring. Aktivitas komunikasi dilakukan           specifically through online media. Communication activities were
secara terstruktur dengan tujuan menjaga persepsi positif                structurally carried out with the objective to maintain positive
terhadap Perseroan, sekaligus memastikan informasi Perseroan             perception on the Company, while also ensuring that Company
tersampaikan secara akurat.                                              information is accurately delivered.


Unit kerja Corporate Communications juga berperan aktif                  The Corporate Communications work unit also takes on an active
dalam menjaga hubungan dengan media serta memantau                       role in maintaining relationship with the media and ensuring
tone pemberitaan untuk memastikan isu-isu terkait Perseroan              that issues related to the Company are managed effectively. In
dikelola secara efektif. Di tahun 2025, Perseroan terpublikasi 682       2025, the Company was publicized 682 times in various online
kali di berbagai media online dan didominasi oleh pemberitaan            media and dominated by positive and neutral news release.
berintonasi positif dan netral. Berkolaborasi dengan unit kerja          In collaboration with other work units, this function helps
lainnya, fungsi ini turut menyalurkan berbagai informasi strategis       disseminate various strategic information to employees as part of
kepada karyawan sebagai bagian dari penguatan komunikasi                 the effort to strengthen internal communication and to align with
internal dan penyelarasan arah strategis Perseroan.                      Company strategies.




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        Kilas Kinerja               Laporan Manajemen        Profil Perusahaan               Unit Pendukung Bisnis
     Performance Highlights          Management Report         Company Profile                 Business Support Unit




     Corporate Affairs
     Corporate Affairs




     Jumlah publikasi media
     Number of media publication



                              2025                                                                                        682



                              2024                                                                                        631



                              2023                                                                                        700




     Jumlah publikasi media
     Number of media publication

                               1%                                          9%                                             8%




         36%                                                40%                                                 43%


                                                  63%                                              51%                                        49%




                              2025                                               2024                                       2023

                                              Positif | Positive           Netral | Netral           Negatif | Negative




     Social Media & Design                                                         Social Media & Design
     Sepanjang tahun 2025, unit kerja Social Media & Design                        Throughout the year 2025, the Social Media & Design work unit
     menjalankan peran strategis dalam memperkuat kehadiran digital                performed its strategic role in enhancing the Company’s digital
     Perseroan. Salah satu fokus utama adalah penyusunan konsep                    presence. One of the main focuses was on preparing a new social
     baru media sosial yang disesuaikan dengan tren komunikasi                     media concept modified with the latest communication trend,
     terkini, termasuk peningkatan kolaborasi dengan berbagai akun                 including increasing collaboration with various external social
     media sosial eksternal.                                                       media accounts.


     Untuk memastikan seluruh materi komunikasi mengikuti standar                  To ensure that all communication materials are in accordance with
     dan identitas korporasi, unit kerja ini menyelenggarakan forum                corporate standards and identity, the work unit held regular forum
     reguler tim komunikasi Perseroan. Bersama unit usaha, unit kerja              session for the Company’s communication team. Together with
     Social Media & Design mendistribusikan berbagai informasi terkait             the business units, the Social Media & Design work unit distributed
     korporasi, produk, dan CSR melalui kanal media sosial Perseroan               various information related to corporate issues, products, and CSR
     agar masyarakat memperoleh informasi yang aktual dan terkini.                 through the Company’s social media channels so that the public
     Sepanjang tahun 2025, Perseroan telah mendistribusikan 2.125                  obtains actual and updated information. During the year 2025, the
     informasi kepada audiensnya.                                                  Company distributed 2,125 information materials to its audience.




98      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                         www.bakrieland.com
Page 101
                                                                                Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                             Tata Kelola Perusahaan                   Laporan Berkelanjutan
       Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                                                         Corporate Affairs
                                                                                                                              Corporate Affairs




Selain itu, pemutakhiran konten dan informasi pada situs web             In addition, content and information updates on the Company
resmi Perseroan terus dilakukan sesuai dengan ketentuan                  official website were continuously conducted in accordance with
Peraturan Otoritas Jasa Keuangan No. 8/POJK.04/2015 mengenai             the provisions of Financial Services Authority Regulation No. 8/
keterbukaan informasi melalui situs web emiten. Evaluasi                 POJK.04/2015 regarding transparent disclosure of information
terhadap platform dan kanal komunikasi dilakukan secara berkala          through issuers’ websites. Evaluation of the communication
guna memperluas jangkauan serta meningkatkan efektivitas                 channels and platforms is carried out regularly in order to expand
penyampaian informasi. Di tahun 2025, Perseroan melalui situs            reach as well as improve the effectiveness of information
web telah mendistribusikan 197 info terbaru kepada audiensnya.           dissemination. In 2025, the Company distributed some 197 new
                                                                         information materials to its audience through the website.


Corporate Sustainability & CSR                                           Corporate Sustainability & CSR
Dalam mendukung pelaksanaan program keberlanjutan                        In support of corporate sustainability and social responsibility
dan tanggung jawab sosial Perseroan, CA berperan dalam                   programs, CA plays a central role in communicating various CSR
mengomunikasikan berbagai inisiatif CSR kepada publik.                   initiatives to the public. This communication support aims at
Dukungan komunikasi ini bertujuan untuk meningkatkan                     improving the understanding of stakeholders on the Company
pemahaman pemangku kepentingan atas kontribusi Perseroan                 contribution to the community and the environment.
terhadap masyarakat dan lingkungan.


Pada tahun 2025, CA menginisiasi berbagai langkah strategis              In the year 2025, CA initiated various strategic steps to enhance
untuk meningkatkan eksistensi Perseoran di Indonesia berikut ini :       the Company’s existence in Indonesia, as described below:
1.  Tema kampanye korporasi “Berkarya Membangun Negeri”,                 1.   Corporate campaign theme “Working to Build the Nation”,
    yang digunakan secara konsisten oleh seluruh entitas di                   which is consistently used by all entities within the Company
    lingkungan Perseroan sebagai narasi bersama dalam berbagai                as a joint statement in various communication activities.
    aktivitas komunikasi.
2. CA melakukan sejumlah inisiatif baru melalui pemanfaatan AI,          2.   CA conducted a series of new initiatives through use of AI,
    yaitu pengembangan konten media sosial berbasis AI untuk                  namely, development of the AI-based social media content
    meningkatkan efektivitas produksi dan distribusi konten                   to improve the effectiveness of content production and
                                                                              distribution
3.    Pengkajian dan pemanfaatan berbagai layanan AI yang                3.   Review and utilization of various AI services that are
      relevan dengan kebutuhan komunikasi Perseroan. Inisiatif                relevant with the Company’s communication needs. This
      ini mencerminkan komitmen Perseroan dalam beradaptasi                   initiative reflects the Company’s commitment in adapting to
      terhadap perkembangan teknologi komunikasi.                             communication technology development.


Rencana Ke Depan                                                         Future Plans
Menghadapi tahun 2026 mendatang, CA akan terus mendorong                 Facing the upcoming year of 2026, CA will continue to reinforce
peningkatan citra dan reputasi Perseroan melalui strategi                the improvement of the Company’s image and reputation
komunikasi yang adaptif dan inovatif. Fokus utama tahun 2026             through adaptive and innovative communication strategies.
meliputi partisipasi dalam ajang penghargaan, pelaksanaan                The main focus in 2026 includes participation in award events,
program digital untuk berbagai kegiatan korporasi, serta                 implementation of digital programs for various corporate
implementasi program CSR prioritas.                                      activities, and the implementation of CSR program priorities.


CA juga akan membangun hubungan yang lebih erat dengan                   CA will also build closer ties with communities through
komunitas melalui kegiatan sponsorship guna menjaga visibilitas          sponsorship activities in order to maintain Company’s visibility
Perseroan serta memperluas jangkauan penyebaran informasi                and expand the reach of information distribution to the public at
kepada masyarakat luas.                                                  large.




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Page 103
 Analisis dan
Pembahasan
 Manajemen
      Management Discussion
               and Analysis

Bakrieland • Laporan Tahunan 2025 Annual Report
Page 104
          Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report         Company Profile             Business Support Unit




      Tinjauan Operasional
      Operational Review


                                               Dari sisi penjualan, hasil survei mengindikasikan penjualan
                                               unit properti residensial tipe kecil dan menengah tumbuh
                                               positif di tengah penjualan unit properti tipe besar yang masih
                                               terkontraksi. Secara keseluruhan, penjualan unit properti
                                               residensial di pasar primer tumbuh positif sebesar 7,83%
                                               YoY, meningkat dibandingkan dengan penjualan pada triwulan
                                               sebelumnya yang terkontraksi sebesar 1,29% YoY.

                                               From a sales perspective, survey results indicated that sales of residential
                                               property units of small to medium size grew positively amids the continued
                                               contraction in sales of the large-size property units. Overall, sales of
                                               residential property units in the primary market grew positively by 7.83%
                                               YoY, an increase from sales in the previous quater, which had contracted by
                                               1.29% YoY.




      TINJAUAN OPERASIONAL                                                   OPERATIONAL REVIEW
      Perkembangan sektor properti di Indonesia sepanjang tahun 2025         Development in Indonesia’s property sector throughout the year
      menunjukkan dinamika yang beragam antarsegmen. Pada segmen             2025 showed such diverse dynamics between segments. In the
      residensial, berdasarkan hasil Survei Harga Properti Residensial       residential segment, based on the Residential Property Price
      (SHPR) Bank Indonesia, harga properti residensial di pasar primer      Survey (SHPR) of Bank Indonesia, residential property prices in the
      tumbuh terbatas. Hal ini tercermin pada Indeks Harga Properti          primary market experienced limited growth. This was reflected in
      Residensial (IHPR) pada triwulan IV 2025 yang hanya tumbuh             the Residential Property Price Index (IHPR) in quarter IV of 2025,
      sebesar 0,83% YoY (year-on-year).                                      which only grew by 0.83% year on year.


      Dari sisi penjualan, hasil survei mengindikasikan penjualan unit       From a sales perspective, survey results indicated that sales of
      properti residensial tipe kecil dan menengah tumbuh positif di         residential property units of small to medium size grew positively
      tengah penjualan unit properti tipe besar yang masih terkontraksi.     amids the continued contraction in sales of the large-size
      Secara keseluruhan, penjualan unit properti residensial di             property units. Overall, sales of residential property units in the
      pasar primer tumbuh positif sebesar 7,83% YoY, meningkat               primary market grew positively by 7.83% YoY, an increase from
      dibandingkan dengan penjualan pada triwulan sebelumnya yang            sales in the previous quater, which had contracted by 1.29% YoY.
      terkontraksi sebesar 1,29% YoY.


      Sementara itu di segmen komersial, indeks permintaan property          Meanwhile, in the commercial segment, the demand index for the
      komersial kategori jual pada triwulan IV 2025 tumbuh relatif stabil    commercial property sales category in quarter IV of 2025 grew
      sebesar 0,69% (YoY). Hal ini berbeda dengan Indeks permintaan          relatively stable by 0.69% YoY. This was different from the demand
      kategori sewa yang mengalami kontraksi sebesar 1,55% YoY.              index for the rental category which experienced a contraction
      Dari sisi pasokan, indeks pasokan properti komersial kategori jual     of 1.55% YoY. From the supply perspective, the commercial
      tumbuh sebesar 2,18% YoY dibandingkan indeks pasokan properti          property supply index for the sales category increased by 2.18%
      komersial kategori sewa yang mengalami perlambatan menjadi             YoY compared to the commercial property supply index for the
      1,61% YoY. Dari sisi harga, indeks harga properti komersial kategori   rental category, which slowed down to 1.61% YoY. On the pricing
      jual tumbuh sebesar 0,78% YoY, relatif lebih baik dibandingkan         side, the commercial property price index for the sales category




102       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 105
                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                               Tinjauan Operasional
                                                                                                                        Operational Review




indeks harga properti komersial kategori sewa yang mengalami            increased by 0.78% YoY, relatively an improvement from the price
kontraksi sebesar 1,35% YoY.                                            index for the rental category, which experienced a contraction of
                                                                        1.35% YoY.


Segmen perhotelan secara umum menghadapi tantangan di tahun             The hotel segment in general faced some challenges in the year
2025 seiring kebijakan Pemerintah yang membatasi perjalanan             2025 in line with the Government’s policy that limited business
dinas, acara meeting dan aktivitas lainnya berdasarkan Inpres No        travel, meeting events, and other activities based on Presidential
1 Tahun 2025 yang mewajibkan program efisiensi anggaran. Hal            Instruction No. 1 of Year 2025 that required the application of a
ini mengakibatkan penurunan tingkat hunian dan penjualan MICE           budget efficiency program. This caused a decline in occupancy
dibandingkan tahun sebelumnya.                                          rate and sales of MICE compared to the previous year.



KINERJA OPERASIONAL UNIT USAHA                                          OPERATIONAL PERFORMANCE OF BUSINESS
                                                                        UNITS

PT BAKRIE SWASAKTI UTAMA                                                PT BAKRIE SWASAKTI UTAMA
PT Bakrie Swasakti Utama (“BSU”) merupakan salah satu unit usaha        PT Bakrie Swasakti Utama (“BSU”) is one of the Company’s
Perseroan yang menjalankan kegiatan usaha pengembangan                  business units that carries out its property development
properti. Hingga tahun 2025, BSU telah mengembangkan dan                business activities. Until the year 2025, BSU has developed and
mengelola beberapa proyek properti yang berlokasi di Jakarta            managed a number of property projects located in Jakarta and
dan beberapa daerah di pulau Jawa seperti Yogyakarta dan                several regions in Java island, such as Yogyakarta and Sidoarjo.
Sidoarjo. Produk properti yang dikembangkan dan dikelola oleh           Property products developed and managed by BSU focused on
BSU berfokus pada city property (apartemen, perkantoran, hotel,         city property (apartment, office, hotel, shopping center, sports
pusat perbelanjaan, fasilitas olahraga), township dan manajemen         facility), township, and property management. BSU developed
properti. BSU mengembangkan area kawasan Rasuna Epicentrum              the Rasuna Epicentrum, an integrated area with a masterplan of
yang merupakan kawasan terpadu dengan masterplan seluas 53,5            53.5 ha in Kuningan, South Jakarta and the Kahuripan Nirwana
ha di Kuningan, Jakarta Selatan serta kawasan Kahuripan Nirwana         area in Sidoarjo with a masterplan spread to 634 ha.
di Sidoarjo dengan total masterplan seluas 634 ha.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Tinjauan Operasional
      Operational Review




      FOKUS STRATEGI TAHUN 2025                                            STRATEGY FOCUS IN 2025
      Sepanjang tahun 2025, BSU menerapkan sejumlah inisiatif              Throughout the year 2025, BSU implemented several strategic
      strategis guna mencapai kinerja yang berkelanjutan. Dari sisi        initiatives in order to achieve sustainable performance. From an
      operasional, strategi yang dijalankan antara lain memfokuskan        operational perspective, the implemented strategies, among
      pengembangan pada properti rumah tapak di wilayah Sidoarjo,          others, were focused on the development of landed house property
      melakukan renovasi serta penambahan fasilitas pada unit hotel        in the Sidoarjo region, on renovation as well as additional facilities
      dan area olahraga, serta meningkatkan fokus penjualan pada           in hotel units and sports compound; as well as enhancement of the
      segmen MICE korporat untuk mendukung bisnis perhotelan.              focus on sales of corporate MICE to support its hotel business.


      Selain itu, BSU juga berupaya meningkatkan kompetensi dan            In addition, BSU also strived to improve the competency and work
      semangat kerja karyawan melalui internalisasi Core Value             spirit of employees through the internalization of the Corporate
      Perusahaan “SIGAP”, serta memperluas pengembangan pasar di           Core Values “SIGAP”, as well as to expand market development
      luar Grup Bakrie, termasuk menjalin kerja sama dengan institusi      outside of the Bakrie Group, which included the establishment of
      pendidikan seperti universitas.                                      cooperation with such educational institutions as universities.


      Dari sisi keuangan, BSU menerapkan strategi pengelolaan arus kas     On the financial side, BSU applied the prudent cash flow management
      yang prudent serta mengedepankan efisiensi terkait pengelolaan       strategy and prioritized efficiency related to the management of its
      produk-produknya di tengah pasar properti yang tidak sepenuhnya      products amidst the property market, which was not fully optimized,
      optimal guna menjaga stabilitas dan profitabilitas usaha.            in order to maintain business stability and profitability.


      TANTANGAN DAN MITIGASI                                               CHALLENGES AND MITIGATION
      Pada tahun 2025, walaupun sudah terlihat adanya perbaikan            In the year 2025, although improvement in demand was
      demand, namun pasar property high-rise terutama office dan           visible, the high-rise property market, especially for offices and
      apartemen masih belum optimal. Demand terhadap pasar                 apartments, remained less optimal. The demand for the middle-
      properti segmen menengah-atas belum sepenuhnya pulih                 upper property segment market was not fully recovered, which
      yang memengaruhi take up rate penjualan. Untuk itu, BSU              affected the sales take-up rate. For this purpose, BSU prioritized
      memprioritaskan penjualan produk apartemen dan condotel              the sales of apartment and condotel products through the
      melalui customer loyal dan jaringan yang sudah terbentuk.            customer loyalty program and the established network. Apart
      Selain itu, BSU memilih strategi bulk sales ke potential buyer       from that, BSU chose the bulk sales strategy for potential buyers
      untuk beberapa produk seperti area perkantoran/retail dan            for several products such as office/retail and condotel units to
      produk condotel untuk mempercepat target penjualan.                  accelerate sales targets.


      KINERJA TAHUN 2025                                                   PERFORMANCE IN 2025
      Sepanjang tahun 2025, BSU mengelola langsung produk-                 Throughout the year 2025, BSU directly managed property
      produk properti yang berlokasi di kawasan Rasuna Epicentrum          products located in Rasuna Epicentrum, Jakarta’s business centre.
      yang merupakan sentra bisnis Jakarta. Kinerja properti di bawah      Performance of the properties under the management of BSU is
      kelolaan BSU dapat dilihat pada tabel berikut ini:                   presented in the table below:


                                                                                                                     Kinerja
             Properti                           Informasi                         Lokasi                            Performance
              Property                          Information                       Location
                                                                                                             2025                 2024
       The Grove               Apartemen segmen atas dengan dua tower,            Jakarta             Tingkat Penjualan:    Tingkat Penjualan:
       Condominium             yaitu The Masterpiece dan The Empyreal                                              97%                   94%
                               yang masing-masing terdiri dari 35 dan 32                                          Sales                 Sales
                               lantai, dengan total 461 unit.                                                      97%                   94%
                               A high-end apartment with two towers,
                               namely The Masterpiece and The Empyreal,
                               each consisting of 35 and 32 storeys,
                               respectively and a total of 461 units.




104      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                 www.bakrieland.com
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                                                                                   Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                                Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                              Sustainable Report




                                                                                                                   Tinjauan Operasional
                                                                                                                                  Operational Review




                                                                                                                             Kinerja
      Properti                              Informasi                              Lokasi                                   Performance
       Property                             Information                           Location
                                                                                                              2025                        2024
 Ocea Condotel              Kondotel Bintang 4 dengan total 324                    Jakarta              Tingkat Penjualan:          Tingkat Penjualan:
                            unit dan telah dioperasikan bertahap                                                     67%                         67%
                            sebagai hotel Swiss- Belresidences Rasuna                                               Sales                       Sales
                            Epicentrum.                                                                              67%                         67%
                            A 4-storey condotel with 324 units,
                            gradually in operation as the Swiss-
                            Belresidences Rasuna Epicentrum.
 Rasuna Office Park         Kompleks terpadu komersial dan ritel                   Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
                            dengan total area sewa seluas 3.945 m2                                                  99%                         80%
                            An integrated commercial and retail                                          Occupancy Rate              Occupancy Rate
                            compound with a total leasing area of 3,945                                             99%                         80%
                            sqm
 Epiwalk Office Suites      Perkantoran 4 lantai yang terletak di area             Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
                            lifestyle and entertainment – Epiwalk                                                   86%                         86%
                            Rasuna Epicentrum                                                            Occupancy Rate              Occupancy Rate
                            A 4-storey office located in the lifestyle                                              86%                         86%
                            and entertainment area of Epiwalk Rasuna
                            Epicentrum
 Bakrie Tower               Gedung perkantoran strata 47 lantai dengan             Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
                            ketinggian 215 m dan luas area dijual                                                   98%                         98%
                            sebesar 41.407 m2                                                            Occupancy Rate              Occupancy Rate
                            A 47-storey strata office building of 215 m                                             98%                         98%
                            height and a saleable area spread to 41,407
                            sqm
 Wisma Bakrie I             Gedung perkantoran 8 lantai dengan luas                Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
                            area sewa 11.410 m2                                                                     65%                         65%
                            A 8-storey office building with a leasing                                    Occupancy Rate              Occupancy Rate
                            area of 11,410 sqm                                                                      65%                         65%
 Wisma Bakrie 2             Gedung perkantoran 18 lantai dengan luas               Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
 (Menara Bappenas)          area sewa 18.999 m2                                                                     98%                         98%
                            A 18-storey office building with a leasing                                   Occupancy Rate              Occupancy Rate
                            area of 18,999 sqm                                                                      98%                         98%
 Apartemen the        Apartemen 42 lantai dengan total 1.900                       Jakarta                Tingkat Hunian:             Tingkat Hunian:
 Wave, Sands & Coral. unit yang berlokasi di kawasan Rasuna                                           467 kepala keluarga         457 kepala keluarga
                      Epicentrum                                                                        Occupancy Rate              Occupancy Rate
                      A 42-storey apartment building with a                                                467 household               457 household
                      total of 1,900 units located in the Rasuna                                                     units                       units
                      Epicentrum compound




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          Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report         Company Profile             Business Support Unit




      Tinjauan Operasional
      Operational Review




      PT BAKRIE PESONA RESONA                                                PT BAKRIE PESONA RASUNA
      PT Bakrie Pesona Rasuna (“BPR”) didirikan pada tahun 1996 dan          PT Bakrie Pesona Rasuna (“BPR”) was established in the year
      menjalankan kegiatan usaha jasa pengelolaan properti. Sejak            1996 and began its business activities in property management.
      tahun 1999, BPR mengelola beberapa properti di Kawasan                 Since 1999, BPR has managed several properties in the Rasuna
      Rasuna Epicentrum, Jakarta, seperti Plaza Festival, Gelanggang         Epicentrum Area, Jakarta, such as the Plaza Festival, Soemantri
      Mahasiswa Soemantri Brodjonegoro dan Elite Club Epicentrum.            Brodjonegoro Student Centre and Elite Club Epicentrum.


      FOKUS STRATEGI TAHUN 2025                                              STRATEGY FOCUS IN 2025
      BPR memfokuskan strategi dan mengambil berbagai langkah                BPR focused its strategy and took various necessary steps in
      yang diperlukan agar tetap mampu bersaing dengan properti              order to remain competitive with other retail properties. One of
      ritel lainnya. Salah satu inisiatif yang dilakukan adalah melakukan    the initiatives carried out was the tenant area re-layout program
      program re-layout area tenant di dalam Plaza Festival dengan           in the Plaza Festival by adding an F&B unit area so as to increase
      menambah area unit F&B baru guna meningkatkan variasi serta            variation as well as attractiveness of the tenants for the visitors.
      daya tarik tenant bagi pengunjung.


      Selain itu, Perseroan melakukan berbagai perbaikan dan                 Moreover, the Company conducted various improvements
      peningkatan fasilitas, baik di area interior maupun eksterior          and upgrades of the facilities, both the interior area as well as
      gedung, untuk meningkatkan kenyamanan dan pengalaman                   the building exterior, so as to enhance the convenience and
      pengunjung. BPR juga secara aktif menyelenggarakan berbagai            experience of the visitors. BPR also actively held a series of
      event menarik serta memperkaya komposisi tenant ritel dan F&B          interesting events and enriched the composition of retail and F&B
      guna mendorong peningkatan jumlah dan arus kunjungan ke area           tenants to encourage an increase in the number and flow of visits
      properti.                                                              to the property area.


      TANTANGAN DAN MITIGASI                                                 CHALLENGES AND MITIGATION
      Karena tidak ada pasokan mal baru yang signifikan, kebanyakan          As there was no significant supply new malls, most of shopping
      pengelola pusat perbelanjaan menjadi lebih agresif dalam               centre managements became less aggressive in conducting
      melakukan renovasi dan melakukan perubahan konsep tata letak           renovation, and making changes to the layout concept to
      untuk mengakomodasi tren gaya hidup. Ekspansi didominasi               accommodate lifestyle trends. Expansion was dominated by food
      oleh peritel makanan dan minuman (F&B) serta merek gaya                and beverage (F&B) retailers and international lifestyle brands that
      hidup internasional yang membidik segmen pasar muda. Untuk             target the younger generation market segment. To mitigate this,
      memitigasinya, BPR mengadakan event yang sesuai dengan                 BPR held events according to the characteristics of the younger
      karakter segmen pasar muda sehingga bisa menarik banyak                generation market segment so as to attract many more visitors.
      pengunjung.


      Sementara itu, kenaikan tarif utilitas pada awal tahun 2025            Meanwhile, the increase in utility tariffs at the beginning of the
      menyebabkan peningkatan biaya terkait operasional gedung. Di           year 2025 caused an increase in building operation expenses. On
      sisi lain, daya beli masyarakat yang cenderung melemah membuat         the other hand, the people’s purchasing power, which tended
      banyak merek ritel, khususnya di sektor fashion, masih menahan         to weaken, made many retail brands, especially in the fashion
      diri untuk berekspansi dengan membuka gerai baru. Dibandingkan         sector, remain with holding back from expanding through opening
      menyewa ruang secara permanen, para tenant lebih memilih               new outlets. Compared to leasing space on a permanent basis,
      konsep pop-up store atau exhibition yang dinilai lebih fleksibel dan   tenants tend to choose the pop-up store concept or exhibition
      berisiko lebih rendah.                                                 considered to be more flexible and with less risk.




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Page 109
                                                                                   Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                                Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                                                  Tinjauan Operasional
                                                                                                                                Operational Review




KINERJA TAHUN 2025                                                          PERFORMANCE IN 2025
Secara umum kinerja properti di bawah kelolaan BPR dapat dilihat            In general, the property's performance under the management of
pada tabel di bawah ini                                                     BPR is presented in the table below:


                                                                                                                           Kinerja
      Properti                             Informasi                             Lokasi                                Performance
       Property                            Information                           Location
                                                                                                            2025                     2024
 Plaza Festival             Luas lantai sewa sebesar 17.113 m2 dan                     Jakarta       Tingkat Okupansi:           Tingkat Okupansi:
                            operasional dikelola dengan standar                                                  92%                         81%
                            Leasable floor area of 17,113 sqm and                                     Occupancy Rate              Occupancy Rate
                            operationally managed to standards                                                   92%                         81%
 Elite Club Epicentrum Menempati 2 (dua) lantai seluas 5.215 m2                        Jakarta        Jumlah Anggota :           Jumlah Anggota :
                            dengan fasilitas lengkap dan operasional                                             1.273                      1.063
                            dikelola dengan standar.                                                    Total Members              Total Members
                            Occupying 2 (two) floors of 5,215 sqm                                                1,273                      1,063
                            with complete facilities and operationally
                            managed to standards.



PT RASUNA RESIDENCE DEVELOPMENT                                             PT RASUNA RESIDENCE DEVELOPMENT
Pada tahun 2004, PT Rasuna Residence Development (“RRD”)                    In the year 2004, PT Rasuna Residence Development (“RRD”) was
didirikan dengan fokus kegiatan usaha di bidang jasa pengelolaan            established with a focus on business activities in the property
properti. RRD mengelola sejumlah properti, seperti The Grove                management sector. RRD manages a number of properties, such
Suites by Grand Aston, Swiss-Belresidendes Rasuna Epicentrum                as The Grove Suites by Grand Aston, Swiss Belresidences Rasuna
serta The Alana Hotel & Conference Center Malioboro Yogyakarta.             Epicentrum, and The Alana Hotel & Conference Center Malioboro
                                                                            Yogyakarta.


FOKUS STRATEGI TAHUN 2025                                                   STRATEGY FOCUS IN 2025
Fokus terbesar manajemen di 2025 adalah menjaga cash flow                   The management’s biggest focus in 2025 was to maintain a sound
sehat dan profitabilitas berkelanjutan, dengan pendekatan                   cash flow and sustainable profitability, with the approach on
pengendalian cost operasional, monitoring ketat rasio keuangan              operational expense control, tight monitoring of financial ratios
seperti operating margin dan margin per outlet, penyesuaian                 such as the operating margin and margin per outlet, adjustments
strategi pricing terhadap dinamika demand pasar, evaluasi ROI               in the pricing strategy against market demand dynamics, and
dari setiap program promosi dan operasional. Manajemen tidak                ROI evaluation from each promotional and operational program.
lagi mengandalkan volume semata, tetapi kualitas revenue,                   The management no longer relies on merely volume but also
dengan fokus pada Corporate & Government (weekday based                     on revenue quality, with the focus on Corporate & Government
business), MICE skala kecil–menengah, long stay & serviced                  (weekday-based business), small-medium scale MICE, long stay &
apartment guest, event-based revenue (wedding, social events,               services apartment guests, and event-based revenues (weddings,
thematic dining).                                                           social events, and thematic dining).




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Tinjauan Operasional
      Operational Review




      Selain itu, strategi operational optimization through technology     Aside from that, the strategy of operational optimization
      juga dilakukan yang meliputi Optimalisasi PMS (Sentec) & channel     through technology was also implemented, which included PMS
      manager dan pemanfaatan data reservasi untuk forecasting &           Optimization (Sentec) & channel manager and utilization of
      yield.                                                               reservation data for forecasting & yield purposes.


      RRD menyadari bahwa kepuasan tamu merupakan faktor                   RRD realizes that guest satisfaction is the key factor to
      kunci bagi keberlangsungan operasional dalam jangka panjang.         operational continuity in the long run. For this reason, in 2025 RRD
      Oleh karena itu, pada tahun 2025 RRD menerapkan strategi             implemented the strategy of improving guest experience through
      peningkatan guest experience melalui consistent service delivery,    consistent service delivery, faster respondes, and operational
      faster response dan operational reliability.                         reliability.


      Komitmen terhadap peningkatan kualitas layanan tersebut berhasil     The commitment to improving this service quality managed to
      meningkatkan peringkat salah satu properti yang dikelola oleh RRD    significantly increase the rating of one of RRD-managed properties,
      yaitu Swiss-Belresidences Rasuna Epicentrum secara signifikan,       namely the Swiss-Belresidences Rasuna Epicentrum, from position
      dari posisi 240 menjadi posisi 28 berdasarkan Guest Review Index     240 to position 28 based on the Guest Review Index (GRI)/guest
      (GRI)/ulasan tamu di TripAdvisor, dari total 682 hotel di Jakarta.   review in TripAdvisor, from a total of 682 hotels in Jakarta.


      TANTANGAN DAN MITIGASI                                               CHALLENGES AND MITIGATION
      Industri perhotelan di Jakarta menghadapi tahun yang berat di        The hotel industry in Jakarta was faced with a tough year in 2025, as
      tahun 2025, tercermin dari penurunan tingkat hunian dibandingkan     reflected in the decrease in occupancy rates compared to the previous
      tahun sebelumnya. Hal ini antara lain disebabkan oleh kebijakan      year. This impact was caused, among others, by the government’s
      Pemerintah yang membatasi perjalanan dinas, acara meeting            policy which limited business travels, meeting events and other
      dan aktivitas lainnya berdasarkan Inpres No 1 Tahun 2025 yang        activities based on Presidential Instruction No. 1 of Year 2025, which
      mewajibkan program efisiensi anggaran.                               required the implementation of a budget efficiency program.


      Sementara itu, di wilayah Kuningan-Sudirman-Setiabudi, persaingan    Meanwhile, in the Kuningan-Sudirman-Setiabudi areas, 4-5-star
      hotel bintang 4–5 juga semakin ketat. Sensitivitas harga dari        hotel competition was also becoming tighter. Price sensitivity
      segmen corporate, government & long stay membuat munculnya           from the corporate, government & long-stay segments gave
      alternatif akomodasi non-hotel, yaitu serviced apartment. Untuk      rise to a non-hotel accommodation alternative, namely the
      memitigasinya, RRD melakukan optimalisasi segmentasi market          serviced-apartments. To mitigate this, RRD optimized the market
      dan penguatan value-based selling agar tidak menjurus ke arah        segmentation and strengthened the value-based selling so as not
      price war dengan mempromosikan paket bundling.                       to lead to a price war by promoting bundling packages.


      Dari sisi biaya operasional, terdapat tantangan berupa kenaikan      In terms of operational costs, a challenge was present in the form
      biaya bahan baku F&B, utilitas, juga biaya pemeliharaan dan IT       of increased costs of F&B raw materials, utilities, and also costs
      system. Mitigasi antara lain dilakukan dengan cara memonitor         in maintenance and IT system. Mitigation efforts, among others,
      pencapaian kinerja KPI finansial secara ketat, preventive            were also carried out by means of tight monitoring of financial
      maintenance, vendor renegotiation & purchasing control.              KPI performance achievement, preventive maintenance, vendor
                                                                           renegotiation, and purchasing control.




108      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                 www.bakrieland.com
Page 111
                                                                                    Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                                Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                               Sustainable Report




                                                                                                                    Tinjauan Operasional
                                                                                                                                   Operational Review




KINERJA TAHUN 2025                                                          PERFORMANCE IN 2025
Secara umum kinerja properti di bawah kelolaan RRD dapat dilihat            In general, the performance of properties under the management
pada tabel di bawah ini                                                     of RRD is shown in the table below:


                                                                                                                              Kinerja
      Properti                              Informasi                              Lokasi                                    Performance
       Property                             Information                            Location
                                                                                                                2025                       2024
 Swiss-Bel                   Hotel bintang 4 yang berada di Rasuna                  Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
 Residences Rasuna           Epicentrum yang dikelola oleh Swiss-                                                    63%                         67%
 Epicentrum                  Belhotel International.                                                      Occupancy Rate              Occupancy Rate
                             A 4-star hotel located in Rasuna Epicentrum                                             63%                         67%
                             managed by Swiss-Belhotel International.
 The Grove Suites            Hotel bintang 5 berlokasi di Rasuna                    Jakarta              Tingkat Okupansi:           Tingkat Okupansi:
                             Epicentrum yang dikelola oleh PT Aston                                                  66%                         72%
                             International Indonesia.                                                     Occupancy Rate              Occupancy Rate
                             A 5-star hotel located in Rasuna Epicentrum                                             66%                         72%
                             managed by PT Aston International
                             Indonesia.
 The Alana hotel             Hotel bintang 4 yang berada di Awana                 Yogyakarta             Tingkat Okupansi:           Tingkat Okupansi:
 & Conference                Yogyakarta yang dikelola oleh PT Aston                                                  49%                         59%
 Center Malioboro            International Indonesia.                                                     Occupancy Rate              Occupancy Rate
 Yogyakarta                  A 4-star hotel located in Awana Yogyakarta                                              49%                         59%
                             managed by PT Aston International
                             Indonesia.



PT PROVICES INDONESIA                                                       PT PROVICES INDONESIA
Pada tahun 2012, Provices Indonesia (“PVI”) resmi berdiri sebagai           In the year 2012, Provices Indonesia (“PVI”) was officially established
Unit Usaha BSU dan menjalankan kegiatan usaha pengelolaan                   as BSU Business Unit and carried out its business activities in property
properti. Saat ini PVI tidak hanya mengelola properti Perseroan,            management. Currently, PVI not only manages the Company’s
tetapi juga diluar properti Perseroan.                                      properties, but also outside of the Company’s properties.


FOKUS STRATEGI TAHUN 2025                                                   STRATEGY FOCUS IN 2025
Pada tahun 2025, PVI berfokus pada upaya peningkatan kinerja                In 2025, PVI focused on efforts to improve the Company’s
Perseroan melalui berbagai inisiatif strategis. Langkah-langkah             performance through various strategic initiatives. These steps,
tersebut antara lain mengoptimalkan pemanfaatan ruang                       among others, were carried out through optimizing the utilization
komersial dengan menyewakan area kosong untuk kegiatan                      of commercial space by leasing empty areas for retail business
usaha ritel seperti kafe, toko, atau coworking space; menawarkan            activities such as cafés, stores, or coworking space; by offering
layanan premium kepada klien, seperti housekeeping, pest                    premium services to clients, such as housekeeping, pest control,
control, dan perbaikan unit; serta melakukan efisiensi energi               and unit repairment; as well as by conducting energy efficiency
melalui penggantian lampu koridor dan area parkir dengan lampu              through replacement of corridor and parking area lighting with
LED, pemasangan motion sensor pada lampu tangga darurat dan                 LED lightbulbs; by installing motion sensor devices in emergency
ruang utilitas, serta pemanfaatan teknologi untuk menekan biaya             stairways and utility room lighting; and by use of technology to
pemeliharaan dan konsumsi energi.                                           press down maintenance costs and energy consumption.


Seluruh upaya tersebut ditujukan untuk meningkatkan pendapatan              All of these efforts are aimed at increasing income and controlling
sekaligus mengendalikan biaya operasional Perseroan.                        the Company’s operational costs.




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      Performance Highlights     Management Report         Company Profile             Business Support Unit




      Tinjauan Operasional
      Operational Review




      TANTANGAN DAN MITIGASI                                                 CHALLENGES AND MITIGATION
      Secara umum, tantangan yang dihadapi PVI pada tahun 2025               In general, challenges faced by PVI in 2025 were in line with
      sejalan dengan tantangan industri properti pada umumnya, yaitu         the challenges of the property industry in general, namely the
      kecenderungan melemahnya daya beli masyarakat serta kenaikan           tendency the weakening of the people’s purchasing power as well
      biaya utilitas dan tekanan inflasi.                                    as the increasing utility costs and inflationary pressures.


      KINERJA TAHUN 2025                                                     PERFORMANCE IN 2025
      Komitmen PVI untuk senantiasa memberikan layanan terbaik kepada        PVI’s commitment to always provide the best services to all
      seluruh klien telah meningkatkan tingkat kepercayaan terhadap          clients has improved the level of trust towards the Company.
      Perseroan. Hal ini tercermin dari semakin banyaknya institusi yang     This was reflected in the increasing number of institutions that
      mempercayakan pengelolaan asetnya kepada PVI, antara lain              entrusted their assets’ management to PVI, among others, the
      Istana Presiden, Kementerian Keuangan, Kementerian Luar Negeri,        Presidential Palace, Finance Ministry, Foreign Affairs Ministry,
      Kementrian Perdagangan, ASEAN, Bank Indonesia, Bappenas,               Trade Ministry, ASEAN, Bank Indonesia, Bappenas, Tax Directorate
      Direktorat Jenderal Pajak (Kanwil DJP), LKPP,berbagai rumah sakit di   General (DJP Regional Office), LKPP, various hospitals in various
      berbagai kota, dan lain-lain.                                          cities, and others.


      PT GRAHA MULTI INSANI                                                  PT GRAHA MULTI INSANI
      Pada tahun 2011, PT Graha Multi Insani (“GMI”) didirikan untuk         In the year 2011, PT Graha Multi Insani ("GMI") was established
      menjalankan kegiatan usaha di bidang pengembangan dan                  to carry out its business activities in property development
      pembangunan properti. Proyek yang dikembangkan GMI, antara             and construction. Projects developed by GMI, among others,
      lain Awana Townhouse dan Awana Condotel. Awana Townhouse               include the Awana Townhouse and Awana Condotel. The
      merupakan proyek rumah tapak dengan 38 unit hunian eksklusif           Awana Townhouse is a landed-housing project with 38 exclusive
      dimana seluruh unit hunian sudah terjual. Awana Condotel saat          residential units, all sold to date. The AwanaCondotel is currently
      ini telah dioperasikan sebagai The Alana Hotel & Conference            operated as The Alana Hotel & Conference Center Malioboro
      Center Malioboro Yogyakarta. Pada tahun 2025, GMI mulai                Yogyakarta. In 2025, GMI began to develop a new villa-concept
      mengembangkan proyek baru hunian berkonsep vila yaitu Nirwana          residential project, namely the Nirwana Villas Malioboro, located
      Villas Malioboro di lahan yang berlokasi di area yang sama dengan      in the same area as the Alana Malioboro hotel.
      hotel the Alana Malioboro.


      PT BAKRIE PANGRIPTA LOKA                                               PT BAKRIE PANGRIPTA LOKA
      PT Bakrie Pangripta Loka (“BPL”) didirikan pada tahun 2008 dengan      PT Bakrie Pangripta Loka (“BPL”) was established in 2008 with
      kegiatan usaha di bidang pengembangan dan pembangunan                  business activities in property development and construction.
      properti. Beberapa proyek yang dikembangkan BPL di antaranya           Several projects developed by BPL include the Sentra Timur
      Apartemen Sentra Timur Residence (bekerja sama dengan                  Residence Apartment (in cooperation with PT Perumnas),
      PT Perumnas), Commercial Park, Perumahan Mutiara Platinum,             Commercial Park, and the Mutiara Platinum Housing Complex as
      serta Grand Mutiara Platinum yang seluruhnya berada di kawasan         well as the Grand Mutiara Platinum, where all are located within
      terintegrasi Sentra Timur Superblok.                                   the integrated area of Sentra Timur Superblock.




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           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                 Tinjauan Operasional
                                                                                                                          Operational Review




PT MUTIARA MASYHUR SEJAHTERA                                              PT MUTIARA MASYHUR SEJAHTERA
PT Mutiara Masyhur Sejahtera (“MMS”) didirikan pada tahun 2005            PT Mutiara Masyhur Sejahtera (“MMS”) was established in
dengan fokus menjalankan kegiatan usaha pengembangan dan                  2005 with a focus on business activities in the development
pembangunan Township Kahuripan Nirwana yang memiliki total                and construction of Township Kahuripan Nirwana with a total
masterplan seluas 634 hektare di Sidoarjo, Jawa Timur. Kawasan            masterplan area of 634 hectares in Sidoarjo, East Java. The
Kahuripan Nirwana terdiri atas beberapa klaster hunian, antara lain       Kahuripan Nirwana compound consists of several housing
The Gardin, Mora Grove, Monroe Grove, Kahuripan Park, Kahuripan           clusters, among others, The Gardin, Mora Grove, Monroe Grove,
Terrace, dan New Gardin.Selain itu, MMS juga melanjutkan                  Kahuripan Park, Kahuripan Terrace and New Gardin. Apart from
pengembangan Sektor 2 seluas 22 hektare yang diawali dengan               that, MMS also continued with the development of Sector 2 of
peluncuran klaster baru bernama Veranda Tahap I, yang terdiri             22 hectares, initially launched with a new cluster, Veranda Stage I,
atas 87 unit rumah.                                                       consisting of 87 house units.


Selain pengembangan rumah tapak, Kahuripan Nirwana juga                   Aside from the development of the landed housing cluster,
mengembangkan Apartemen Tamansari Prospero yang merupakan                 Kahuripan Nirwana also developed the Tamansari Prospero
proyek kerja sama antara Perseroan dengan salah satu BUMN.                Apartment, a joint project between the Company and one of the
MMS turut mengembangkan area komersial pendukung, seperti                 BUMNs. MMS jointly developed a supporting commercial area,
ruko serta berbagai fasilitas umum lainnya, guna meningkatkan             such as shophouses and various other public facilities, to improve
kenyamanan dan kualitas hidup para penghuni.                              the comfort and quality of life of the residents.


FOKUS STRATEGI TAHUN 2025                                                 STRATEGY FOCUS IN 2025
Kecenderungan melemahnya daya beli masyarakat mendorong                   The weakening tendency in people’s purchasing power
MMS untuk menghadirkan produk yang lebih sesuai dengan                    encouraged MMS to present products that are more suited to
kemampuan konsumen. Perseroan mengembangkan tipe                          consumers’ capabilities. The Company developed a house type
rumah yang lebih compact dengan harga yang kompetitif guna                that is more compact with a competitive price in order to reach a
menjangkau segmen pasar yang lebih luas.                                  wider market segment.


Selain itu, MMS menjalin berbagai kolaborasi dengan perbankan             In addition, MMS established various collaborations with banking
dan lembaga keuangan untuk memfasilitasi kebutuhan Kredit                 and financial institutions to facilitate the need for Home
Pemilikan Rumah (KPR), antara lain melalui penawaran skema suku           Ownership Credit (KPR), among others, through an attractive
bunga yang menarik maupun program subsidi tertentu, sehingga              interest rate scheme offer as well as certain subsidy programs, so
dapat meringankan beban pembiayaan konsumen.                              as to ease the consumer’s financing burden.


TANTANGAN DAN MITIGASI                                                    CHALLENGES AND MITIGATION
Tantangan MMS di tahun 2025 adalah permintaan konsumen yang               MMS’ challenge in the year 2025 was the changing consumers’
berubah, dimana konsumen di beberapa wilayah menunjukkan                  demand, where consumers in several regions showed higher
preferensi yang lebih tinggi terhadap rumah tapak dibandingkan            preferences for landed housing as compared to apartments or
apartemen atau produk residensial lainnya. Selain itu, daya beli          other residential products. In addition, consumers’ purchasing
konsumen juga belum pulih sepenuhnya sehingga penjualan                   power has yet to fully recover so sales in the medium-upper
di segmen menengah-atas berjalan lambat. Tantangan lainnya                segment are running slow. Other challenges included the
adalah tingkat persaingan yang semakin ketat, dimana semakin              increasingly tight level of competition, with more developers
banyak pengembang mengincar pasar menengah dengan                         looking at the middle market through various promotional
berbagai insentif promo.                                                  incentives.


Untuk menyikapinya, MMS berusaha menyelaraskan produk                     To mitigate these challenges, MMS strived to align its products
dengan kebutuhan pasar, melakukan kolaborasi dengan lembaga               with the needs of the market, and conducted collaboration
keuangan dalam menciptakan produk keuangan yang menarik                   with financial institutions to create attractive financial products
dan sesuai dengan kebutuhan konsumen, serta menoptimalkan                 and meet the needs of the consumers, as well as optimized
hubungan dengan agen properti guna memperluas jaringan                    relationships with property agents in order to expand the
distribusi dan meningkatkan peluang penjualan.                            distribution network and widen sales opportunities.




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      Performance Highlights    Management Report         Company Profile               Business Support Unit




      Tinjauan Operasional
      Operational Review




      KINERJA TAHUN 2025                                                      PERFORMANCE IN 2025
      Secara umum kinerja properti di bawah kelolaan MMS dapat                In general, the performance of properties under the management
      dilihat pada tabel di bawah ini                                         of MMS is shown in the table below:


                                                                                                                             Kinerja
             Properti                          Informasi                              Lokasi                               Performance
              Property                          Information                          Location
                                                                                                                    2025                 2024
       Cluster Veranda         Cluster rumah segmen menengah dengan            Sidoarjo, Jawa Timur        Tingkat Penjualan:       Tingkat Penjualan:
       [Tahap 1]               total 87 unit, yang merupakan tahap awal         Sidoarjo, East Java                    18,4%                      16%
                               dari pengembangan sektor 2
       Cluster Verana          Middle segment housing cluster with                                                   Sales Rate:           Sales Rate:
       [Stage 1]               87 units, an initial stage of sector 2                                                     18.4%                   16%
                               development
       Aston Sidoarjo          Hotel berbintang empat yang memiliki 122        Sidoarjo, Jawa Timur         Tingkat Okupansi:       Tingkat Okupansi:
                               kamar serta dilengkapi dengan berbagai           Sidoarjo, East Java                      71%                     71%
                               fasilitas seperti ballroom, 3 ruang meeting,                                  Occupancy Rate          Occupancy Rate
                               spa, 2 kolam renang, gym, dan restoran.                                                   71%                     71%
                               A 4-star hotel with 122 rooms, complete
                               with various facilities such as ballroom, 3
                               meeting rooms, a spa, 2 swimming pools, a
                               gym and a restaurant.
       Taman Sari Prospero     Apartemen dengan rencana 3 tower                Sidoarjo, Jawa Timur        Tingkat Penjualan:       Tingkat Penjualan:
                               dengan total 1.379 unit                          Sidoarjo, East Java              88% (TW 1)               86% (TW 1)
                               Apartment compound with plans for 3                                               40% (TW2)                 57% (TW2)
                               towers and a total of 1,379 units
                                                                                                                          Sales:               Sales:
                                                                                                                     88% (TW 1)           86% (TW 1)
                                                                                                                     40% (TW2)            57% (TW2)
       Kahuripan Nirwana       Pengembangan Township Kahuripan                 Sidoarjo, Jawa Timur              Tingkat Hunian:      Tingkat Hunian:
                               Nirwana dengan total master plan seluas          Sidoarjo, East Java                 2.868 kepala         2.868 kepala
                               634 ha                                                                                   keluarga             keluarga
                               Development of Township Kahuripan                                                Occupancy Rate       Occupancy Rate
                               Nirwana with a total masterplan area of                                          2,868 household      2,868 household
                               634 ha                                                                                       units                units


      PT GRAHA ANDRASENTRA PROPERTINDO TBK                                    PT GRAHA ANDRASENTRA PROPERTINDO TBK
      PT Graha Andrasentra Propertindo Tbk (“GAP”) didirikan pada             PT Graha Andrasentra Propertindo Tbk (“GAP”) was established
      tahun 1988 dan berfokus menjalankan kegiatan usaha di bidang            in 1988 and focused its business on property and recreational
      properti dan taman rekreasi. GAP mengelola kawasan Bogor                park development. GAP manages the Bogor Nirwana Residence
      Nirwana Residence (BNR), yang mencakup berbagai properti                (BNR) area, which includes various properties and recreational
      dan fasilitas rekreasi, antara lain The Jungle Waterpark, Rivera        facilities, among others, The Jungle Waterpark, Rivera Outbound
      Outbound & Edutainment, serta Aston Bogor Hotel and Resort.             & Edutainment, and Aston Bogor Hotel and Resort.


      Pada tahun 2025, industri properti di Kota Bogor tetap                  In the year 2025, the property industry in Bogor City continued
      menunjukkan perkembangan yang positif meskipun dihadapkan               to show positive developments despite the market’s dynamics,
      pada dinamika pasar yang cenderung lebih moderat. Harga rumah           which. tend to be more moderate. The price houses and
      dan properti residensial di Bogor tercatat mengalami kenaikan           residential property in Bogor is noted with a stable rise. Market




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                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
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                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                 Tinjauan Operasional
                                                                                                                          Operational Review




secara stabil. Data pasar menunjukkan bahwa pertumbuhan harga             data indicated that growth in secondary housing prices remained
hunian sekunder tetap berada di atas rata-rata nasional dan, dalam        above the national average and, in some cases, higher than in
beberapa kasus, lebih tinggi dibandingkan kota-kota penyangga             other buffer cities in the Jabodetabek areas, altough the growth
lainnya di wilayah Jabodetabek, meskipun laju pertumbuhannya              rate was more moderate compared to previous years.
lebih moderat dibandingkan tahun-tahun sebelumnya.


Permintaan hunian di Bogor juga tetap tinggi, seiring dengan posisi       Demand for residences in Bogor remained high, in line with the
kota ini sebagai alternatif menarik bagi masyarakat yang mencari          city’s position as an attractive alternative for people to seek
keseimbangan antara kemudahan akses ke Jakarta dan lingkungan             balance between easy access to Jakarta and a more captivating
hunian yang lebih asri. Kondisi tersebut turut didukung oleh              residential environment. This condition was endorsed by the
peningkatan infrastruktur dan konektivitas yang berkelanjutan.            increase in sustainable infrastructure and connectivity.


FOKUS STRATEGI TAHUN 2025                                                 STRATEGY FOCUS IN 2025
Pada tahun 2025, GAP memfokuskan pengembangan taman                       In the year 2025, GAP focused its recreational park development
rekreasi dengan menghadirkan konsep yang unik dan menarik bagi            with a unique and interesting concept for all age groups. For the
seluruh kelompok usia. Untuk proyek perumahan, pengembangan               housing projects, development was directed towards the middle
diarahkan pada segmen menengah yang memiliki potensi pasar                segment with quite vast market potentials.
yang cukup besar.


Dari sisi operasional, GAP meningkatkan efisiensi biaya dengan            From an operational perspective, GAP improved its cost efficiency
mengacu pada praktik terbaik (best practices) guna menjaga                by referring to best practices in order to maintain the Company’s
kinerja dan profitabilitas Perseroan. Sementara itu, dari sisi            performance and profitability. Meanwhile, from a marketing
pemasaran, GAP mengoptimalkan pemanfaatan media digital dan               perspective, GAP optimized the use of digital media and social
media sosial sebagai sarana utama dalam mendukung aktivitas               media as the main channels to support promotional activities and
promosi dan peningkatan brand awareness.                                  enhance brand awareness.


Selain itu, strategi pengelolaan sumber daya manusia juga menjadi         Apart from that, the human resource management strategy
perhatian utama, melalui penempatan karyawan yang kompeten                was also of main concern, through the placement of competent
dalam jumlah yang sesuai dengan kebutuhan operasional,                    employees in numbers as operationally required, as well as
serta penyelenggaraan program pelatihan yang optimal guna                 optimal holding of training programs in order to improve service
meningkatkan kualitas layanan dan produktivitas.                          quality and productivity.


TANTANGAN DAN MITIGASI                                                    CHALLENGES AND MITIGATION
Dalam mengelola seluruh properti yang dimiliki, GAP menghadapi            In managing all properties owned, GAP faces a number of
sejumlah tantangan eksternal sepanjang tahun 2025 yang berada             external challenges throughout the year 2025 that are out of the
di luar kendali Perseroan, antara lain melemahnya daya beli               Company’s control, among others, the weakening of consumers’
konsumen, tingkat persaingan yang semakin ketat, persyaratan              purchasing power, the increasingly tight level of competition, the
pembiayaan perbankan yang lebih selektif, serta meningkatnya              more selective banking financing requirements, and the increasing
biaya pemasaran.                                                          marketing costs.


Sebagai langkah mitigasi, GAP menerapkan berbagai strategi,               As mitigation steps, GAP implemented several strategies, which
antara lain menawarkan program diskon dan promosi yang                    included the offering of more aggressive discount and promotion
lebih agresif, menyediakan beragam skema pembayaran seperti               programs; the provision of various financing schemes such as
pembayaran tunai (cash keras) maupun tunai bertahap (cash                 cash payments (hard cash), and cash-installments; and the the
bertahap), serta menghadirkan desain proyek yang lebih menarik            presenting of more attractive and competitive project designs.
dan kompetitif. Selain itu, Perseroan juga melakukan peremajaan           In addition, the Company also conducted the rejuvenation
fasilitas, menambah wahana baru pada taman rekreasi,                      of facilities, the additional of new. rides to recreational parks,
menetapkan harga yang kompetitif, serta menawarkan paket                  the setting of competitive prices, and the offering of bundling
bundling untuk meningkatkan daya tarik produk.                            packages to increase product appeal.




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      Tinjauan Operasional
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      Untuk mengantisipasi tingginya biaya pemasaran, GAP                      To anticipate the high marketing costs, GAP optimized the use
      mengoptimalkan     pemanfaatan  digital   marketing guna                 of digital marketing in order to improve the effectiveness of
      meningkatkan efektivitas promosi sekaligus menekan biaya                 promotion and, at the same time, press marketing costs more
      pemasaran secara lebih efisien.                                          efficiently.


      KINERJA TAHUN 2025                                                       PERFORMANCE IN 2025
      Secara umum kinerja seluruh properti di bawah kelolaan GAP               The performance of GAP-managed properties is shown in the
      dapat dilihat pada tabel di bawah ini                                    following table:


                                                                                                                              Kinerja
             Properti                           Informasi                               Lokasi                              Performance
              Property                              Information                        Location
                                                                                                                     2025                 2024
      Taman Rekreasi
      Recreational Park
      The Jungle Water         Taman rekreasi berupa wahana permainan              Bogor, Jawa Barat                        Total                 Total
      Adventure Park           air dengan konsep family edutainment dan                                             Pengunjung:           Pengunjung:
                               natural di atas lahan seluas 3,9 ha                                                       855.710               794.942
                               A recreational park in the form of water            Bogor, West Java                Total Visitors:       Total Visitors:
                               rides with family edutainment and a natural                                               855,710               794,942
                               concept on a 3.9 ha land.
      Rivera Outbound          Taman rekreasi dengan konsep outbound               Bogor, Jawa Barat
      &Edutainmen              yang memberikan edukasi dan petualangan
                               alam di atas lahan seluas 2,9 Ha.
                               A recreational park with an outbound                Bogor, West Java
                               concept that provides education and
                               nature’s adventure on a 2.9 ha land.
      JungleSea Kalianda       Taman rekreasi dengan konsep hiburan di             Kalianda, Lampung
                               tepi pantai yang memberikan edukasi dan
                               petualangan alam yang dapat dinikmati oleh
                               keluarga di atas lahan seluas 4 Ha
                               A recreational park with an entertainment           Kalianda, Lampung
                               concept by the beach providing education
                               and nature’s adventure on a 4 ha land for
                               families to enjoy.
      Hotel
      Aston Bogor Hotel        Hotel bintang 4 yang memiliki 4 (empat)             Bogor, Jawa Barat            Tingkat Okupansi:    Tingkat Okupansi:
      and Resort               menara dan berdiri di atas lahan seluas 3,5                                                  58%                  67%
                               ha. Dikelola dengan standar pengelolaan
                               Aston Archipelago International Indonesia
                               A 4-star hotel with 4 (four) towers standing        Bogor, West Java             Occupancy Rate:      Occupancy Rate:
                               on 3.5 ha land, managed by the standarts of                                                 58%                  67%
                               Aston Archipelago International Indonesia.




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                                                                                   Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                Tata Kelola Perusahaan                   Laporan Berkelanjutan
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                                                Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                                                  Tinjauan Operasional
                                                                                                                                    Operational Review




                                                                                                                             Kinerja
      Properti                              Informasi                                Lokasi                                Performance
       Property                             Information                              Location
                                                                                                                  2025                    2024
 Apartemen
 Apartment
 ApartemenJ.Sky             Terdiri dari 2 (dua) wing, yaitu Azure (264         Bogor, Jawa Barat          Tingkat Penjualan:        Tingkat Penjualan:
                            unit) dan Balfour (188 unit).                                                               10%                       10%
                            Consisting of 2 (two) wings, namely Azure            Bogor, West Java                Sales Level:              Sales Level:
                            (262 units) and Balfour (188 units).                                                        10%                       10%
 Perumahan
 Residence
 Cluster Sayana             Cluster perumahan segmen menengah                   Bogor, Jawa Barat          Tingkat Penjualan:        Tingkat Penjualan:
 [Tahap 1]                  terbaru di kawasan Bogor Nirwana                                                             8%                        0%
                            Residences dengan total 66 unit di atas lahan
                            seluas 1,1 Ha.
 Cluster Sayana             New middle-segment housing cluster in the            Bogor, West Java                          Sales:               Sales:
 [Stage 1]                  Bogor Nirwana Residence area with a total of                                                     8%                   0%
                            66 units on a 1.1 ha land.
 Bogor Nirwana              Kawasan hunian terpadu dan terbesar di Kota         Bogor, Jawa Barat             Tingkat Hunian:          Tingkat Hunian:
 Residence                  Bogor dengan segmen menengah atas, yang             Bogor, West Java                 2.530 kepala             2.703 kepala
                            terdiri dari kawasan perumahan (cluster) dan                                             keluarga                 keluarga
                            komersial (ruko di Orchard Walk dan Jungle
                            Mall).
                            The biggest integrated residential area in                                     Occupancy Rate:           Occupancy Rate:
                            Bogor City of the middle-upper segment,                                        2,530 household           2,703 household
                            consisting of housing clusters and a                                                      units                     units
                            commercial area (shophouses at Orchard
                            Walk and Jungle Mall).



PT KRAKATAU LAMPUNG TOURISM DEVELOPMENT                                     PT KRAKATAU LAMPUNG TOURISM DEVELOPMENT
PT Krakatau Lampung Tourism Development (“KLTD”) didirikan                  PT Krakatau Lampung Tourism Development (”KLTD”) was
pada tahun 2007 untuk menjalankan pengelolaan di kawasan                    established in 2007 to manage the KaliandaNirwana Resort
Kalianda Nirwana Resort (KNR), Kalianda, Lampung Selatan.                   (KNR) area, Kalianda, South Lampung. Until the end of the
Hingga akhir 2025, di dalam kawasan terdapat Hotel dan Resort               year 2025, the area contained the Hotel and Resort Grand Elty
Grand Elty Krakatoa (GEK), Taman rekreasi Pantai Bagus Beach                Krakatoa (GEK), Bagus Beach Walk recreational park, JungleSea
Walk, Taman hiburan Jungle Sea serta fasilitas kawasan lain seperti         entertainment park and such other area facilities as beaches and
Pantai dan penginapan cabin.                                                cabin accommodation.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile              Business Support Unit




      Tinjauan Operasional
      Operational Review




      FOKUS STRATEGI TAHUN 2025                                            STRATEGY FOCUS IN 2025
      Fokus utama pengelolaan bisnis KLTD pada tahun 2025 adalah           The main focus in KLTD business management in the year 2025
      peningkatan kualitas layanan dan fasilitas yang tersedia, termasuk   was the improvement of service quality and available facilities,
      hotel resort, theme park, dan beach activities, guna memberikan      including hotel resort, theme park, and beach activities, so as to
      pengalaman terbaik bagi pelanggan dan pengunjung.                    provide the best experience for customers and visitors.


      Dari sisi pengembangan produk, KLTD merencanakan                     From a product development view, KLTD planned to develop a new
      pengembangan area baru yang akan difungsikan sebagai hunian          area that will be function as the tertiary residence and commercial
      tersier dan fasilitas komersial, serta penambahan fasilitas pada     facilities, as well as additional facilities in several commercial units
      beberapa unit komersial yang telah beroperasi.                       already in operation.


      Dari sisi operasional, Perseroan memprioritaskan efisiensi dan       From an operational perspective, the Company prioritized
      efektivitas aktivitas operasional untuk mendukung kinerja yang       efficiency and effectiveness in operational activities to support
      berkelanjutan. Dari sisi keuangan, strategi difokuskan pada          sustainable performance. From a financial aspect, the strategy
      pengelolaan dan pemeliharaan arus kas (cash flow) yang sehat.        was focused on managing and maintaining sound cash flow.
      Sementara itu, dari sisi pemasaran, KLTD mengoptimalkan              Meanwhile, from a marketing aspect, KLTD optimized the use of
      pemanfaatan media sosial serta menyelenggarakan berbagai             social media as well as various promotional activities to boost
      aktivitas promosi guna meningkatkan brand awareness.                 brand awareness.


      Pengembangan sumber daya manusia juga menjadi perhatian              Development of human resources was also part of the main
      utama, melalui peningkatan kompetensi dan pelatihan                  concern, through sustainable improvement of competency and
      berkelanjutan, rekrutmen yang strategis, penguatan employer          training, strategic recruitment, enhancing, and employer branding,
      branding, serta pembentukan budaya Perseroan yang mendukung          as well as establishing corporate culture that supports innovation
      inovasi dan kolaborasi.                                              and collaboration.


      TANTANGAN DAN MITIGASI                                               CHALLENGES AND MITIGATION
      Pada tahun 2025, KLTD menghadapi sejumlah tantangan, antara          In the year 2025, KLTD faced a number of challenges, including
      lain adanya regulasi pemerintah daerah yang membatasi aktivitas      regional government regulations that limited the activities of
      instansi pemerintah dalam penyelenggaraan kegiatan MICE,             government agencies in organizing MICE activities, and the
      serta meningkatnya persaingan akibat hadirnya produk serupa,         increasing competition due to the presence of similar products,
      khususnya beach activities, di sekitar kawasan KLTD.                 specifically beach activities in KLTD's surrounding areas.


      Untuk mengatasi tantangan tersebut, KLTD berupaya                    To mitigate such challenges, KLTD strived to improve product
      meningkatkan kualitas produk dan layanan serta menambah              and service quality as well as add new facilities so that market
      fasilitas baru agar kebutuhan pasar tetap dapat terakomodasi         needs remain accommodated optimally and the Company’s
      secara optimal dan daya saing Perseroan tetap terjaga.               competitiveness is well maintained.




116      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                  www.bakrieland.com
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                                                                                   Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                                Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                              Sustainable Report




                                                                                                                   Tinjauan Operasional
                                                                                                                                   Operational Review




KINERJA TAHUN 2025                                                          PERFORMANCE IN 2025
Secara umum kinerja seluruh properti di bawah kelolaan KLTD                 The performance of all properties under the management of KLTD
dapat dilihat pada tabel di bawah ini                                       is shown in the following table:


                                                                                                                             Kinerja
      Properti                               Informasi                                Lokasi                                Performance
       Property                              Information                             Location
                                                                                                                   2025                   2024
                             Hotel yang memiliki 46 kamar dan 36 vila               Kalianda,               Tingkat Okupansi:       Tingkat Okupansi:
                             berlokasi di kawasan Kalianda Nirwana               Lampung Selatan                        51%                     48%
 Grand Elty Krakatoa         Resort.
                             A 46 rooms and 36 villas located in the                 Kalianda,              Occupancy Rate:         Occupancy Rate:
                             Kalianda Nirwana Resort area.                        South Lampung                        51%                    48%
                             Pantai yang terletak di dalam kawasan                  Kalianda,               Total Pengunjung: Total Pengunjung:
                             Kalianda Nirwana Resort dengan berbagai             Lampung Selatan                      194.475           148.021
                             fasilitas pendukung yang lengkap untuk
 Park & Recreation           berekreasi .
                             A beach situated in the Kalianda Nirwana                Kalianda,                   Total Visitors:        Total Visitors:
                             Resort area, complete with various                   South Lampung                        194,475                148,021
                             supporting facilities for recreation.



PT BAKRIE NIRWANA REALTY                                                    PT BAKRIE NIRWANA REALTY
Sejak tahun 2014, unit usaha PT Bakrie Nirwana Realty (“BNR”)               Since the year 2014, PT Bakrie Nirwana Realty (“BNR”) business
menjalankan kegiatan usaha di bidang pembangunan dan                        unit has carried out its business activities in the development and
pengelolaan properti residensial. Produk PT BNR yaitu perumahan             management of residential properties. The product of PT BNR
Bumi Pakuan berlokasi di Pondok Bitung, Desa Sukaharja,                     is namely the Bumi Pakuan residence located in Pondok Bitung,
Kecamatan Cijeruk, Kabupaten Bogor.                                         Sukaharja Village, Regency of Cijeruk, Bogor Province.


Pada tahun 2025, Tingkat realisasi penjualan proyek perumahan               In 2025, the level of realization in the sales of the Bumi Pakuan
Bumi Pakuan mengalami sejumlah tantangan terutama dari                      project had to face a number of challenges especially concerning
sisi konsumen. Hal teresebut diakibatkan oleh banyaknya tidak               the consumers. This was due to the large number of bank
diperolehnya persetujuan Bank terhadap kredit dan plafond                   approvals not feasibly obtained for credit and credit limits for
kredit pembelian properti konsumen yang disebabkan oleh                     consumer property purchases caused by the increasing risk of
meningkatnya resiko kredit konsumen karena pinjaman daring dan              consumer credit due to online loans and the increasing trend of
meningkatnya tren rasio utang terhadap pendapatan.                          debt-to-income ratios.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Tinjauan Operasional
      Operational Review




      FOKUS STRATEGI TAHUN 2025                                            STRATEGY FOCUS IN 2025
      Fokus utama BNR pada tahun 2025 adalah pengelolaan arus kas          BNR’s main focus in 2025 was the management of cash flow
      (cash flow) berdasarkan skala prioritas, pelaksanaan efisiensi       based on the scale of priorites, and the implementation of
      perusahaan melalui penempatan karyawan secara tepat guna             the Company's efficiency through the appropriate employee
      dengan kompetensi yang relevan, serta optimalisasi target pasar      placement with relevant competencies, as well as the optimization
      melalui pemanfaatan media sosial guna meningkatkan product           of target markets through the use of social media to increase
      awareness dan memperluas jangkauan pemasaran.                        product awareness and expand marketing reach.


      Dari sisi pengembangan produk, BNR mengusung konsep rumah            From a product development perspective, BNR carries the
      sehat dengan desain floor to ceiling yang tinggi serta bukaan        concept of healthy housing with a high floor to ceiling design and
      jendela yang besar, sehingga menghasilkan sirkulasi udara dan        large window openings, thus producing optimal air circulation and
      pencahayaan alami yang optimal. Desain fasad modern minimalis        natural lighting. The modern minimalist façade design not only
      yang dihadirkan tidak hanya memberikan estetika yang menarik,        exerts an attractive aesthetic but also creates a comfortable and
      tetapi juga menciptakan hunian yang nyaman dan asri, didukung        alluring residence, supported by the environment with natural
      oleh lingkungan dengan udara pegunungan yang alami.                  mountain air.


      Dari sisi operasional, BNR terus melakukan efisiensi untuk           From an operational aspect, BNR continued to implement
      meningkatkan efektivitas kegiatan usaha. Sementara itu, dari sisi    efficiency to improve the effectiveness of its business activities.
      sumber daya manusia, BNR melakukan optimalisasi peran dan            Meanwhile, from the human resource aspect, BNR optimized the
      fungsi karyawan.                                                     role and function of the employees.


      TANTANGAN DAN MITIGASI                                               CHALLENGES AND MITIGATION
      Pada tahun 2025, BNR menghadapi sejumlah tantangan, antara           In the year 2025, BNR faced a number of challenges, among
      lain masih lemahnya daya beli masyarakat, khususnya di sektor        others, the ongoing weakening of the people’s purchasing power,
      perumahan, menurunnya kelayakan Kredit Pemilikan Rumah               specifically in the housing sector; the decline in Home Ownership
      (KPR) calon pembeli akibat riwayat kredit yang kurang baik, serta    Credit (KPR) eligibility of prospective buyers due to poor credit
      tantangan dalam penyelesaian pembangunan hingga proses serah         history; and challenges in completing construction for the unit
      terima unit kepada konsumen.                                         handover process to consumers.


      Untuk memitigasi tantangan tersebut, BNR menawarkan berbagai         To mitigate such challenges, BNR offered various attractive
      program promosi yang menarik, seperti pembebasan PPN, BPHTB,         promotional programs, such as the exemption from VAT, BPHTB,
      biaya AJB, dan biaya balik nama, serta menetapkan harga jual yang    AJB fees, and name change fees, as well as setting competitive
      kompetitif guna meningkatkan minat beli konsumen.                    selling prices to increase consumer buying interest.


      Terkait penyelesaian pembangunan, BNR berkomitmen untuk              Concerning the completion of developments, BNR is committed
      menuntaskan pembangunan unit rumah yang belum selesai                to finalizing the development of housing units that remained
      serta memastikan proses serah terima kepada konsumen dapat           unfinished and ensuring that the handover process to consumers
      dilaksanakan sesuai dengan ketentuan yang berlaku.                   is carried out in accordance with applicable provisions.




118      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                               www.bakrieland.com
Page 121
                                                                                   Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                                Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                                                  Tinjauan Operasional
                                                                                                                                 Operational Review




KINERJA TAHUN 2025                                                          PERFORMANCE IN 2025
Secara umum, kinerja seluruh proyek perumahan di bawah                      In general, the performance of BNR-managed residential projects
pengelolaan BNR                                                             is shown in the table below:


                                                                                                                            Kinerja
      Properti                             Informasi                             Lokasi                                    Performance
       Property                            Information                           Location
                                                                                                              2025                       2024
 Bumi Pakuan Bogor           Kawasan perumahan tahap I seluas 7,5 ha              Bogor,                     Take Up Rate:               Take Up Rate:
 (Tahap 1)                   (total 12,5 ha) dengan jumlah 423 unit.            Jawa Barat                            70%                         70%


 Bumi Pakuan Bogor           Stage I housing compound of 7.5 ha (of          Bogor, West Java                Take Up Rate:               Take Up Rate:
 (Stage 1)                   total 12.5 ha) with 423 units.                                                           70%                         70%




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          Kilas Kinerja          Laporan Manajemen           Profil Perusahaan                 Unit Pendukung Bisnis
      Performance Highlights      Management Report               Company Profile                Business Support Unit




      Tinjauan Keuangan
      Financial Review



      Analisis kinerja keuangan berikut disusun dengan mengacu pada                     The following financial performance analysis is prepared with
      Laporan Keuangan konsolidasian untuk tahun yang berakhir pada                     reference to the consolidated Financial Statements for the year
      tanggal 31 Desember 2025 yang telah diaudit oleh KAP Y. Santosa                   which ended on 31 December 2025 audited by KAP Y. Santosa &
      & Rekan (a member of Praxity). Penyajian dan pengungkapan                         Partners (a member of Praxity). The presentation and disclosure
      Laporan Keuangan konsolidasian Perseroan yang telah diaudit                       of the Company’s audited consolidated Financial Statements
      telah disusun dan dipresentasikan sesuai dengan Standar                           were prepared and presented in accordance with the Indonesian
      Akuntansi Keuangan di Indonesia.                                                  Financial Accounting Standards.


      Laporan Posisi Keuangan Konsolidasian
      Consolidated Statements of Financial Position                                                                        (dalam Jutaan Rp) | (in Million Rp)

                                                                                            Kenaikan
                                                                                          (Penurunan)
                       Aspek                      2025                    2024                                  %                   Aspect
                                                                                            Increase
                                                                                           (Decrease)
       Total Aset Lancar                              1.571.836             1.621.212          (49.376)       (3,05%)               Total Current Assets
       Total Aset Tidak Lancar                    7.065.789               7.120.805            (55.016)       (0,77%)         Total Non-Current Assets
       Total Aset                                     8.637.625           8.742.017           (104.392)        (1,19%)                        Total Assets
       Total Liabilitas Jangka Pendek                 1.928.898            1.818.658           110.240          6,06%       Total Short-Term Liabilities
       Total Liabilitas Jangka Panjang                 706.225              899.144           (192.919)      (21,46%)        Total Long-Term Liabilities
       Total Liabilitas                               2.635.123            2.717.802           (82.679)       (3,04%)                      Total Liabilities
       Total Ekuitas                              6.002.502               6.024.215             (21.713)      (0,36%)                         Total Equity


      Aset                                                                              Assets
      Pada tanggal 31 Desember 2025, total aset Perseroan tercatat                      As of 31 December 2025, the Company’s total assets amounted
      sebesar Rp8.638 miliar, menurun 1,19% dibandingkan Rp8.742                        to Rp8,638 billion, a decreased of 1.19% compared to Rp8,742
      miliar pada tahun 2024. Penurunan ini terutama dipengaruhi                        billion in 2024. This decline was mainly affected by the 3.05%
      oleh penurunan aset lancar sebesar 3,05%, yang lebih tinggi                       decrease in current assets, which was higher than the decrease
      dibandingkan penurunan aset tidak lancar sebesar 0,77%. Aset                      in non-current assets of 0.77%. Non-current assets continued to
      tidak lancar masih mendominasi struktur aset Perseroan dengan                     dominate the Company’s asset structure with an 81.80% portion
      porsi sebesar 81,80% dari total aset pada tahun 2025 terutama                     of total assets in the year 2025, mainly in the form of land for
      merupakan tanah untuk pengembangan sebesar Rp3.426 miliar                         development amounting to Rp3,426 billion or 39.66% of total
      atau 39,66% dari total aset.                                                      assets.


      Aset Lancar                                                                       Current Assets
      Aset lancar Perseroan turun dari Rp1.621 miliar pada akhir                        The Company’s current assets declined from Rp1,621 billion at
      Desember 2024 menjadi Rp1.572 miliar pada akhir tahun 2025.                       the end of December 2024 to Rp1,572 billion at the end of the
      Penurunan tersebut terutama berasal dari penurunan persediaan                     year 2025. This decline mainly originated from the reduction in
      yang antara lain dipicu oleh penjualan properti di tahun tersebut.                inventories which, among others, was triggered by the sales of
                                                                                        property during the year.


      Aset Tidak Lancar                                                                 Non-Current Assets
      Total aset tidak lancar tercatat sebesar Rp7.066 miliar di akhir                  Total non-current assets were logged at Rp7,066 billion by the
      tahun 2025 dibandingkan Rp7.121 miliar di tahun 2024. Penurunan                   end of the year 2025 compared to Rp7,121 billion in 2024. This
      ini terutama disebabkan oleh penurunan piutang lain-lain                          decline was mainly due to the decrease in other long-term
      jangka panjang dari Rp779 miliar di akhir tahun 2024 menjadi                      receivables from Rp779 billion at the end of 2024 to Rp5 billion
      Rp5 miliar di akhir tahun 2025. Penurunan piutang lain-lain                       at the end of 2025. The decline in these other receivables was
      tersebut terkait dengan pelaksanaan konversi piutang lain-lain                    related to the implementation of conversion of other receivables




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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                     Tinjauan Keuangan
                                                                                                                            Financial Review




milik PT Graha Andrasentra Propertindo Tbk., (GAP) pada PT Gili           owned by PT Graha Andrasentra Propertindo Tbk. (GAP) in
Tirta Anugerah (GTA) menjadi 15.626 saham. Pada tanggal 24 Juni           PT Gili Tirta Anugerah (GTA) to 15,626 shares. On 24 June 2025
2025 pemegang saham menyetujui untuk mengkonversi piutang                 the shareholders approved the conversion of receivables at GAP
pada GAP menjadi setoran modal saham pada GTA sebesar Rp781               into share capital contribution at GTA amounting to Rp781 billion
miliar atau 99,05% kepemilikan saham di GTA.                              or 99.05% share ownership in GTA.


LIABILITAS                                                                LIABILITIES
Pada tanggal 31 Desember 2025, jumlah liabilitas Perseroan                As of 31 December 2025, the Company’s total liabilities recorded
dibukukan sebesar Rp2.635 miliar, mengalami penurunan sebesar             a total of Rp2,635 billion, 3.04% decline from Rp2,718 billion in the
3,04% dari tahun sebelumnya yang senilai Rp2.718 miliar. Liabilitas       previous year. Short-term liabilities took the largest proportion,
jangka pendek mengambil proporsi terbesar dari total liabilitas           namely 73.20% at the end of the year 2025.
yaitu 73,20% di akhir tahun 2025.


Liabilitas Jangka Pendek                                                  Short-Term Liabilities
Perseroan mencatat adanya peningkatan atas liabilitas jangka              The Company recorded a rise of 6.06% in short-term liabilities
pendek sebesar 6,06% dari Rp1.819 miliar di akhir tahun 2024              from Rp1,819 billion at the end of the year 2024 to Rp1,929 billion
menjadi Rp1.929 miliar di akhir tahun 2025. Kenaikan ini terutama         at the end of 2025. This rise mainly originated from the increase
bersumber dari kenaikan utang bank jangka pendek dari Rp195               in short-term bank debt from Rp195 billion at the end of the year
miliar di akhir tahun 2024 menjadi Rp353 miliar di akhir tahun 2025.      2024 to Rp353 billion at the end of 2025. The increment in short-
Kenaikan dalam utang bank jangka pendek antara lain disebabkan            term bank debt, among others, was due to the reclassification
oleh adanya reklasifikasi utang bank jangka panjang menjadi               of long-term to short-term bank debt in connection with the
jangka pendek sehubungan dengan persetujuan restrukturisasi               approval of the restructuring of the credit facility of PT Bank
atas fasilitas kredit PT Bank Tabungan Negara milik PT Bumi Daya          Tabungan Negara owned by PT Bumi Daya Makmur, a Subsidiary
Makmur, Entitas Anak sebesar Rp78 miliar yang akan jatuh tempo            Entity, amounting to Rp78 billion, which will mature on 29
pada tanggal 29 September 2026.                                           September 2026.




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         Kilas Kinerja            Laporan Manajemen            Profil Perusahaan               Unit Pendukung Bisnis
      Performance Highlights       Management Report              Company Profile                  Business Support Unit




      Tinjauan Keuangan
      Financial Review




      Liabilitas Jangka Panjang                                                        Long-Term Liabilities
      Liabilitas jangka panjang mengalami penurunan sebesar 21,46%                     Long-term liabilities dropped by 21.46% from Rp899 billion at the
      dari Rp899 miliar di akhir tahun 2024 menjadi Rp706 miliar di akhir              end of the year 2024 to Rp706 billion at the end of 2025 in line
      tahun 2025 seiring penurunan utang bank yang akan jatuh tempo                    with the decline in bank debt that will mature within one year for
      dalam satu tahun atas utang bank jangka panjang dari Rp367 miliar                long-term bank debt from Rp367 billion at the end of 2024 to
      di akhir tahun 2024 menjadi Rp210 miliar di akhir tahun 2025.                    Rp210 billion at the end of 2025.


      Ekuitas                                                                          Equity
      Total ekuitas Perseroan di akhir Desember 2025 adalah sebesar                    The Company’s total equity by the end of December 2025 was
      Rp6.003 miliar, turun 0,36% dari Rp6.024 miliar di akhir Desember                logged at Rp6,003 billion, a 0.36% drop from Rp6,024 billion at
      2024. Penurunan ini terutama berasal dari akumulasi kerugian                     the end of December 2024. This drop mainly came from the
      Perseroan di sepanjang tahun 2025.                                               Company’s accumulated loss during the year 2025.


      Laporan Laba Rugi dan Penghasilan Komprehensif lain Konsolidasian
      Consolidated Statements of Profit or Loss Anda Other Comprehensive Incomes                                                  (dalam Jutaan Rp) | (in Million Rp)

                                                                                      Kenaikan
                                                                                    (Penurunan)
                          Aspek                         2025          2024                                %                            Aspect
                                                                                      Increase
                                                                                     (Decrease)
       Pendapatan Neto (Net Revenues)              1.425.943        1.226.740           199.202         16,24%                                    Net Revenues
       - Recurring                                 1.233.826        1.083.581           150.245         13,87%                                        - Recurring
         a. Sewa dan pengelolaan                       805.572        655.960            149.612        22,81%                      a. Rental and Management
            perkantoran                                                                                                                              of Office
         b Hotel, makanan dan minuman                  272.878        290.542           (17.664)       (6,08%)                    b. Hotel, Food and Beverage
         c. Sewa ruangan, lapangan dan                  94.954         85.447             9.507          11,13%                 c. Rental of Space, Courts and
            iuran keanggotaan                                                                                                                Membership Fees
         d Taman hiburan                                60.422          51.632            8.790         17,02%                                    d. Theme Park
       - Non-Recurring                                  192.117        143.159           48.958         34,20%                                  - Non-Recurring
       Penjualan tanah, rumah, dan                      192.117        143.159           48.958         34,20%                   Sales of Land, Residential and
       apartemen                                                                                                                                    Apartment
       Beban Pokok pendapatan                          950.084       808.432             131.652        16,28%                                 Cost of Revenue
       Laba Kotor                                      485.859        418.308             67.551         16,15%                                      Gross Profit
       - Beban Penjualan                                27.682        (20.337)             7.345         36,12%                                - Sales Expenses
       - Beban Umum dan Administrasi               (301.871)        (304.185)              2.314       (0,76%)         - General and Administrative Expenses
       Laba Usaha                                      156.306          93.787           62.520         66.66%                                  Operating Profit
       - Beban bunga dan keuangan                      (93.609)      (94.445)               836        (0,89%)       - Interest Expenses and Financial Charges
       Rugi Sebelum Pajak Penghasilan                   31.780       (95.934)             64.155      (66,87%)                         Loss Before Income Tax
       Pajak Penghasilan                               (10.306)        (6.013)             4,293        71,40%                                        Income Tax
       Rugi Neto                                       (42.085)     (101.948)            59.862       (58,72%)                                           Net Loss
       Penghasilan (Rugi) Komprehensif Lain              22.163        (5.082)           27.245        536.12%             Other Comprehensive Income (Loss)
       Rugi Komprehensif Neto                          (19.922)     (103.029)            87.016         81,39%                       Net Comprehensive Loss




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Page 125
                                                                               Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
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                                            Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                                                  Tinjauan Keuangan
                                                                                                                         Financial Review




Pendapatan Neto                                                         Net Income
Sepanjang tahun 2025, Perseroan mencatat pendapatan neto                Throughout the year 2025, the Company recorded a net income
sebesar Rp1.426 miliar, meningkat 16,24% dari Rp1.227 miliar di         of Rp1,426 billion, a 16.24% rise from Rp1,227 billion in 2024.
tahun 2024. Pendapatan recurring mencakup proporsi terbesar             Recurring income comprised the largest proportion of total
dari total pendapatan, yaitu 86,50%. Pendapatan ini berasal dari        income, namely 86.50%. This income originated from (a) rental
(a) sewa dan pengelolaan perkantoran, (b) hotel, makanan dan            and management of office, (b) hotel, food and beverage, (c)
minuman, (c) sewa ruangan, lapangan dan iuran keanggotaan               rental of space, courts and membership fees and (d) theme park.
dan (d) taman hiburan. Sementara itu, pendapatan non-recurring          Meanwhile, non-recurring income included the remaining 13.50%
mencakup sisanya sebesar 13,50% yang berasal dari penjualan             which came from the sales of land, residential and apartment.
tanah, rumah dan apartemen.


Pendapatan recurring mencatat peningkatan sebesar Rp150 miliar          Recurring income logged an increment of Rp150 billion in the
di tahun 2025, sementara pendapatan non-recurring mencatat              year 2025, while non-recurring income noted an increase of
peningkatan sebesar Rp49 miliar. Dari pendapatan recurring,             Rp49 billion. From the recurring income, income from rental
pendapatan dari sewa dan pengelolaan perkantoran mengambil              and management of office took the largest proportion, namely
proporsi terbesar yaitu 65,30% di tahun 2025. Pendapatan ini            65.30% in 2025. This income increased by 22.81% or equivalent
meningkat sebesar 22,81% atau setara Rp150 miliar di tahun 2025,        to Rp150 billion in 2025 recflecting the Company’s capability to
mencerminkan kemampuan Perseroan dalam meningkatkan                     more optimally escalate income from the rental and management
pendapatan sewa dan pengelolaan perkantoran secara lebih                of the office during the year.
optimal di tahun tersebut.


Beban Pokok Pendapatan                                                  Cost of Revenue
Seiring dengan kenaikan pendapatan neto, beban pokok                    In line with the increase in net income, the Company’s cost of
pendapatan Perseroan juga mencatat peningkatan sebesar                  revenue also recorded an increase by 16.28%, from Rp808 billion
16,28% dari Rp808 miliar di tahun 2024 menjadi Rp940 miliar di          in 2024 to Rp940 billion in 2025. The largest contribution from
tahun 2025. Kontribusi terbesar dari beban pokok pendapatan             the cost of revenue was noted from the rental and management
berasal dari segmen sewa dan pengelolaan perkantoran, yaitu             of the office segment, which constituted 73.22% of the total
mencakup 73,22% dari total beban pokok pendapatan tahun 2025.           cost of revenue in 2025. The cost of income from rental and
Beban pokok pendapatan dari sewa dan pengelolaan perkantoran            management of office increased by 23.30% or equivalent to
meningkat 23,30% atau setara Rp130 miliar di tahun 2025.                Rp130 billion in the year 2025.


Laba Kotor                                                              Gross Profit
Perseroan mencatat perolehan laba kotor sebesar Rp486 miliar di         The Company recorded its gross profit a total of Rp486 billion in
tahun 2025, naik 16,15% dari Rp418 miliar di tahun 2024. Margin         the year 2025, a 16.15% increment from Rp418 billion in 2024. The
laba kotor Perseroan relatif stabil yaitu sebesar 34,07% di tahun       Company’s gross profit margin was relatively stable at 34.07% in
2025.                                                                   2025.


Beban Usaha                                                             Operating Expenses
Beban usaha Perseroan mengalami sedikit kenaikan dari Rp325             The Company’s operating expenses experienced a slight increase
miliar pada 2024 menjadi Rp330 miliar di 2025. Beban usaha              from Rp325 billion in 2024 to Rp330 billion in 2025. Operating
terdiri dari beban penjualan serta beban umum dan administrasi.         expenses consisted of sales as well as general and administrative
Beban umum dan administrasi mengambil proporsi terbesar dari            expenses. General and administrative expenses took the largest
total beban usaha, yaitu 91,60% di tahun 2025. Beban ini turun          proportion of the total operating expenses, namely 91.60% in
0,76% di tahun 2025 menjadi Rp302 miliar. Sementara itu, beban          2025. The expenses decreased by 0.76% in 2025 to a total of
penjualan mencatat peningkatan sebesar 36,12% menjadi Rp28              Rp302 billion. Meanwhile, sales expenses were logged at a 36.12%
miliar di tahun 2025.                                                   increase to a total of Rp28 billion in 2025.




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         Kilas Kinerja            Laporan Manajemen            Profil Perusahaan                  Unit Pendukung Bisnis
      Performance Highlights       Management Report              Company Profile                   Business Support Unit




      Tinjauan Keuangan
      Financial Review




      Rugi Komprehensif Tahun Berjalan                                                 Comprehensive Loss for the Year
      Sepanjang tahun 2025, Perseroan mencatat penurunan rugi                          Throughout the year 2025, the Company recorded a decline in
      komprehensif - neto dari Rp107 miliar di tahun 2024 menjadi                      net comprehensive loss from Rp107 billion in 2024 to Rp20 billion
      Rp20 miliar di tahun 2025. Penurunan ini dimungkinkan oleh                       in 2025. This decline was made possible by the decrease in net
      penurunan rugi neto di tahun 2025 sebesar Rp60 miliar dari Rp102                 loss in 2025 which amounted to Rp60 billion from Rp102 billion
      miliar di tahun 2024 menjadi Rp42 miliar di tahun 2025. Margin                   in 2024 to Rp42 billion in 2025. The Company’s net loss margin
      rugi bersih Perseroan mencatat perbaikan dari (8,30%) di tahun                   logged an improvement from (8.30%) in 2024 to (2.95%) in 2025,
      2024 menjadi (2,95%) di tahun 2025, menunjukkan kemampuan                        which indicated the Company’s capability to boost an increase in
      Perseroan dalam mendorong kenaikan pendapatan dan mengelola                      income and manage efficiency that minimized loss booked by the
      efisiensi sehingga memperkecil rugi yang harus dibukukan                         Company in 2025.
      Perseroan di tahun 2025.


      LAPORAN ARUS KAS KONSOLIDASIAN                                                   CONSOLIDATED STATEMENT OF CASH FLOWS

                                                                                                                                 (dalam Jutaan Rp) | (in Million Rp)
                                                                                     Kenaikan/
                                                                                    Penurunan
                          Aspek                         2025           2024                             %                           Aspect
                                                                                     Increase/
                                                                                    (Decrease)
       Kas Neto yang Diperoleh dari                     99.284          29.912          69.372       231.92%        Net Cash Provided by Operating Activities
       Aktivitas Operasi
       Kas Neto yang Digunakan                         (42.094)     (130.082)          87.986       (67,64%)           Net Cash Used in Investment Activities
       untuk Aktivitas Investasi
       Kas Neto yang Diperoleh dari                    (40.189)         77.073        (117.262)    (152,14%)         Net Cash Provided by (Used in) Financing
       (Digunakan Untuk) Aktivitas Pendanaan                                                                                                        Activities
       Kenaikan (Penurunan) Neto Kas dan                 17.001      (23.096)          40.097      (173,61%)       Net Increase (Decrease) in Cash and Cash
       Setara Kas                                                                                                                                Equivalents
       Kas dan Setara Kas Awal Tahun                    113.592       133.760         (20.168)      (15,08%)       Cash and Cash Equivalents at Beginning of
                                                                                                                                                    the Year
       Kas dan Setara Kas Akhir Tahun                  130.607         113.592          17.015        14,98%          Cash and Cash Equivalents at End of the
                                                                                                                                                        Year


      Arus Kas yang Diperoleh dari Aktivitas Operasi                                   Cash Flow Provided by Operating Activities
      Pada tahun 2025, kas bersih yang diperoleh Perseroan dari                        In the year 2025, net cash obtained by the Company from
      aktivitas operasi tercatat sebesar Rp99 miliar, mengalami kenaikan               operating activities was recorded at Rp99 billion, an increase from
      dibandingkan Rp30 miliar di tahun 2024. Kenaikan ini bersumber                   Rp30 billion in 2024. This rise was obtained from customers’
      dari penerimaan kas dari pelanggan yang meningkat sebesar                        receipts which increased by Rp216 billion while cash payments to
      Rp216 miliar sementara pembayaran kas kepada pemasok hanya                       suppliers only increased by Rp150 billion in 2025.
      meningkat sebesar Rp150 miliar di tahun 2025.


      Kas Neto yang Digunakan untuk Aktivitas Investasi                                Net Cash Used in Investment Activities
      Pada tahun 2025, jumlah kas yang digunakan Perseroan untuk                       In the year 2025, the amount of cash used by the Company for
      aktivitas investasi tercatat lebih rendah yaitu Rp42 miliar                      investment activities was recorded lower, namely at Rp42 billion
      dibandingkan dengan Rp130 miliar di tahun 2024. Hal ini terutama                 as compared to Rp130 billion logged in 2024. This was mainly
      disebabkan oleh lebih kecilnya pembayaran uang muka pembelian                    due to the lower down payments for land purchases and land for
      tanah dan tanah untuk pengembangan di tahun tersebut. Jumlah                     development during the year. This total amounted to Rp32 billion
      ini tercatat sebesar Rp32 miliar di tahun 2025 dibandingkan                      in the year 2025 as compared to Rp133 billion in 2024.
      dengan Rp133 miliar di tahun 2024.




124      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                  www.bakrieland.com
Page 127
                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                     Tinjauan Keuangan
                                                                                                                                 Financial Review




Kas Neto yang Diperoleh dari Aktivitas Pendanaan                         Net Cash Provided by Financing Activities
Sepanjang tahun 2025, Perseroan mencatat kas bersih yang                 Throughout the year 2025, the Company recorded its net cash
digunakan untuk aktivitas pendanaan sebesar Rp40 miliar                  used in financing activities as a total of Rp40 billion, compared to
dibandingkan dengan kas yang diperoleh dari aktivitas pendanaan          Rp77 billion provided by financing activities in 2024. The decrease
sebesar Rp77 miliar di tahun 2024. Penurunan aktivitas pendanaan         in financing activities during the year 2025 was related to long-
di tahun 2025 terkait dengan adanya pembayaran utang bank                term bank debt payments in 2025 which totaled Rp103 billion.
jangka panjang di tahun 2025 sebesar Rp103 miliar.


Kemampuan Membayar Kewajiban                                             Debt-Service Capability
Perseroan melakukan pengelolaan risiko likuiditas dengan                 The Company manages its liquidity risk by monitoring its debt
memantau profil jatuh tempo utang, menjaga saldo kecukupan               maturity profile, maintaining a cash adequacy balance, and
kas, dan menyiapkan sumber pendanaan untuk pembayaran utang              preparing financing sources to cover payments for maturing
jatuh tempo. Kemampuan Perseroan dalam melunasi kewajiban                debt. The Company’s capability to settle its short-term and
jangka pendek dan jangka panjangnya dapat dilihat dari beberapa          long-term obligations can be detected from several key financial
parameter rasio keuangan kunci terkait dengan performa likuiditas        ratio parameters related to liquidity performance and solvency,
dan solvabilitas, termasuk didalamnya aspek kemampuan dalam              including the aspects of capability in settling the Company’s debt
membayar utang Perseroan.                                                payments.

Berikut ini adalah posisi rasio likuiditas dan rasio solvabilitas        Following are the Company’s liquidity ratio and solvency ratio
Perseroan dalam 2 (dua) tahun terakhir:                                  positions for the last 2 (two) years:


                 Rasio Keuangan                         2025                  2024                                  Financial Ratio

 Likuiditas                                                                                                                               Liquidty
 Rasio Lancar                                          81,49%                89,14%                                                   Current Ratio
 Solvabilitas                                                                                                                            Solvency
 Rasio Liabilitas terhadap Aset                        30,51%                31,09%                                           Debt to Asset Ratio
 Rasio Liabilitas terhadap Ekuitas                    43,90%                  45,11%                                         Debt to Equity Ratio


Posisi likuiditas                                                        Liquidity Position
Rasio lancar tercatat sebesar 81,49% di tahun 2025, mengalami            The current ratio was recorded at 81.49% in the year 2025,
penurunan dibandingkan 89,14% di tahun 2024. Kendati menurun,            a decline from 89.14% in 2024. Nevertheless, the Company
Perseroan tetap yakin akan dapat memenuhi kewajiban jangka               remains optimistic about being able to fulfill its short-term
pendeknya karena didukung oleh kemampuan menghasilkan                    obligations as it is supported by its capability to produce positive
arus kas dari aktivitas operasional yang positif, serta adanya           cash flow from operating activities, as well as ongoing efforts to
upaya berkelanjutan dalam mengoptimalkan penjualan aset                  optimize property asset sales and improve the performance of
properti dan meningkatkan kinerja aset yang menghasilkan                 assets that generate recurring income. In addition, the Company
pendapatan berulang. Selain itu, Perseroan juga secara aktif             is also actively involved in the management and restructuring
melakukan pengelolaan dan restrukturisasi kewajiban keuangan             of financial obligations in order to maintain liquidity flexibility so
guna menjaga fleksibilitas likuiditas, sehingga dapat memastikan         that it can ensure adequate cash availability to settle its maturing
ketersediaan kas yang memadai untuk memenuhi kewajiban                   obligations.
yang jatuh tempo.


Sementara itu rasio solvabilitas Perseroan yang diukur berdasarkan       In the meantime, the Company’s solvency ratio, measured
performa Debt to Equity Ratio (DER) dan Debt to Asset Ratio              based on its Debt to Equity (DER) and Debt to Asset Ratio (DAR)
(DAR), menunjukkan kinerja yang stabil. Di akhir 2025, posisi            performance, indicated a stable performance. At the end of the
rasio utang terhadap total aset tercatat sebesar 31,09%, tidak           year 2025, the debt-to-total-assets ratio position was noted at
mengalami perubahan dibandingkan tahun 2024. Sementara                   31,09% with no changes compared to 2024. Meanwhile, debt




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         Kilas Kinerja          Laporan Manajemen       Profil Perusahaan                Unit Pendukung Bisnis
      Performance Highlights      Management Report       Company Profile                  Business Support Unit




      Tinjauan Keuangan
      Financial Review




      itu, nilai rasio utang terhadap ekuitas tercatat sebesar 43,90%,           to equity ratio was noted at 43.90%, lower than the 45.11% in
      menurun dibandingkan tahun sebelumnya yang sebesar 45,11%.                 the previous year. The solvency ratio performance reflects the
      Kinerja rasio solvabilitas ini mencerminkan kemampuan Perseroan            Company’s capability to maintain its solvent position throughout
      untuk menjaga posisinya tetap solvent di sepanjang tahun 2025.             the year 2025.


      Tingkat Kolektibilitas Piutang                                             Collectability of Accounts Receivable
      Tingkat kolektibilitas piutang usaha Perseroan tercatat mengalami          The collectability of the Company’s accounts receivable improved
      perbaikan dari 110 hari di tahun 2024 menjadi 82 hari di tahun             from 110 days in 2024 to 82 days in 2025, which reflects a more
      2025, mencerminkan pengelolaan piutang yang lebih efektif yang             effective management of receivables that can support more
      akan mendukung perputaran kas secara lebih optimal.                        optimal cash turnover.


                                                                                                                           Accounts Receivable
             Kolektibilitas Piutang                    2025                                  2024
                                                                                                                              Collectability
       Rata-rata Piutang                                          321.697                                  332.914      Average Accounts Receivable
       Perputaran Piutang                                                   4                                      4    Accounts Receivable Turnover
       Rata-rata AR TO (365 hari)                                           82                                     99      Average AR TO (365 days)


      STRUKTUR MODAL DAN KEBIJAKAN STRUKTUR                                      CAPITAL STRUCTURE AND CAPITAL STRUCTURE
      MODAL                                                                      POLICY

      STRUKTUR MODAL                                                             CAPITAL STRUCTURE


      Kebijakan Struktur Modal                                                   Capital Structure Policy
      Perseroan mempertahankan struktur permodalan yang sehat untuk              The Company maintains a sound capital structure to secure
      mengamankan akses terhadap pendanaan pada biaya yang wajar.                access to financing at a reasonable cost. As in generally accepted
      Sebagaimana praktik yang berlaku umum, Perseroan mengevaluasi              practices, the Company evaluates capital structure through debt
      struktur permodalan melalui rasio utang terhadap modal (gearing            to capital ratio (gearing ratio) calculated by dividing net debt
      ratio) yang dihitung melalui pembagian antara utang neto dengan            and equity. Net debt is the total liabilities as presented in the
      modal. Utang neto adalah jumlah liabilitas sebagaimana disajikan           consolidated financial position report subtracted by total cash
      di dalam laporan posisi keuangan konsolidasian dikurangi dengan            and cash equivalents. While capital includes the total equity
      jumlah kas dan setara kas. Sedangkan modal meliputi seluruh                components in the consolidated financial position report.
      komponen ekuitas dalam laporan posisi keuangan konsolidasian.


      Rincian Struktur Modal                                                     Details of Capital Structure
      Struktur modal Perseroan pada tahun 2025 menunjukkan dominasi              The Company’s capital structure in 2025 indicated the domination
      ekuitas terhadap total aset, dengan porsi mencapai 69%. Komposisi          of equity to total assets, with its portion reaching 69%. This
      ini mencerminkan bahwa Perseroan cenderung mengandalkan                    composition reflects that the Company tends to rely on internal
      pendanaan internal dibandingkan dengan utang, sehingga tingkat             financing compared to debt, thus the leverage level is relatively
      leverage relatif rendah dan risiko keuangan lebih terjaga.                 low and financial risks are better managed.


      Di sisi lain, rasio utang neto terhadap ekuitas tercatat sebesar           On the other hand, the net debt to equity ratio was recorded
      0,13x pada tahun 2025, relatif stabil dibandingkan dengan 0,13x            at 0.13x in 2025, relatively stable compared to 0.13x in 2024.
      pada tahun 2024. Stabilitas rasio ini mengindikasikan konsistensi          This ratio stability indicated consistency in the Company’s
      kebijakan pendanaan Perseroan dalam menjaga keseimbangan                   financing policy in maintaining balance between the use of
      antara penggunaan utang dan modal sendiri. Selain itu, posisi rasio        debt and equity. Apart from that, this moderate ratio position
      yang moderat tersebut memberikan ruang bagi Perseroan untuk                provided space for the Company to utilize external funding more
      memanfaatkan pendanaan eksternal secara lebih optimal guna                 optimally to support business expansion, without significantly
      mendukung ekspansi usaha, tanpa meningkatkan risiko keuangan               increasing financial risks.
      secara berarti.




126       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                       www.bakrieland.com
Page 129
                                                                               Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                   Tinjauan Keuangan
                                                                                                                              Financial Review




Dasar Pemilihan Kebijakan Manajemen Atas Struktur Modal                 Basis of Determining Management Policy on Capital Structure
Kebijakan mengenai struktur modal Perseroan telah diatur dalam          The policy on the Company’s capital structure is regulated in the
Anggaran Dasar dan struktur permodalannya disahkan oleh                 Articles of Association and its capital structure approved by the
pemegang saham melalui RUPS.                                            shareholders through the GMS.

IKATAN MATERIAL UNTUK INVESTASI BARANG MODAL                            MATERIAL COMMITMENT FOR CAPITAL GOODS INVESTMENT
Pada tahun 2025, Perseroan tidak memiliki ikatan material untuk         In the year 2025, the Company had no material commitments for
investasi barang modal                                                  capital goods investment.

INVESTASI BARANG MODAL YANG DIREALISASIKAN PADA                         CAPITAL GOODS INVESTMENT REALIZED IN THE LAST FISCAL
TAHUN BUKU TERAKHIR                                                     YEAR
Pada tahun 2025, Perseroan melakukan belanja barang modal               In 2025, the Company’s capital expenditures on capital goods in
berupa aset tetap baik yang bernilai material maupun nonmaterial        the form of fixed assets of both material and non-material value
dengan menggunakan sumber pendanaan dari kas internal.                  will be by use of funding sources from internal cash.

Daftar investasi barang modal yang telah direalisasikan Perseroan       The list of capital goods investments actualized by the Company
untuk tahun buku 2025 tercermin dalam table berikut:                    for the fiscal year of 2025 is shown in the following table:


     Jenis Investasi Barang Modal                           Tujuan Investasi                                   Nilai Investasi (Rp miliar)
   Type of Capital Goods Investment                         Investment Goal                                  Investment Value (Rp billion)
 Pembelian Aset Tetap                     Untuk menunjang kegiatan operasional Perseroan                                                     24
 Purchase of Fixed Assets                 To support Company’s operating activities


INFORMASI DAN FAKTA MATERIAL YANG TERJADI SETELAH                       MATERIAL INFORMATION AND FACTS SUBSEQUENT TO AUDIT
TANGGAL LAPORAN AKUNTAN                                                 REPORT DATE
Tidak terdapat informasi dan fakta material yang terjadi setelah        There have been no material information or facts occurring after
tanggal laporan akuntan sebagaimana dimaksud dalam POJK                 the date of the accountant’s report as referred to in POJK No. 017/
No.017/POJK.04/2020 tentang Transaksi Material dan Perubahan            POJK.04/2020 concerning Material Transactions and Changes in
Kegiatan Usaha.                                                         Business Activities.


PROSPEK USAHA                                                           BUSINESS PROSPECT
Ketidakpastian perekonomian global diperkirakan masih akan              The global economic uncertainty is estimated to continue into the
berlanjut pada tahun 2026, termasuk dinamika geopolitik                 year 2026, including the geopolitical dynamics that potentially
yang berpotensi menambah tekanan terhadap perekonomian.                 will increase pressures on the economy. This condition will be
Kondisi ini menjadi tantangan tersendiri bagi perekonomian              the challenge of its own for the national economy, specifically
nasional, khususnya dalam menciptakan pertumbuhan ekonomi               in creating higher economic growth. On the other hand, the
yang lebih tinggi. Di sisi lain, eskalasi konflik geopolitik juga       escalation of geopolitical conflict will also potentially heighten
berpotensi meningkatkan tekanan inflasi domestik, terutama              domestic inflation pressures, especially through the increasing of
melalui kenaikan harga energi seperti minyak, yang pada akhirnya        such energy prices as oil, which in the end can affect the people’s
dapat memengaruhi daya beli masyarakat yang mulai dirasakan             purchasing power which has begun to weaken since the year
melemah sejak tahun 2025.                                               2025.


Meskipun demikian, kebijakan pemerintah yang tepat dan                  Nevertheless, the right and responsive government policies
responsif diharapkan mampu menjaga stabilitas serta momentum            can hopefully maintain stability as well as the momentum for
pertumbuhan ekonomi pada tahun 2026. Disiplin fiskal menjadi            economic growth in the year 2026. Fiscal discipline will be one of
salah satu faktor kunci dalam meredam dampak ketidakpastian             the key factors in mitigating the impact of global uncertainty and
global dan menjaga kepercayaan pasar.                                   maintaining market confidence.




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         Kilas Kinerja         Laporan Manajemen        Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Tinjauan Keuangan
      Financial Review




      Di tengah tantangan tersebut, Perseroan tetap optimis terhadap        Amidst such challenges, the Company remains optimistic
      prospek pertumbuhan usaha ke depan dengan merumuskan                  towards business growth prospects ahead by formulating direct,
      strategi dan kebijakan yang terarah, adaptif, dan berkelanjutan.      adaptive and sustainable strategies and policies. The main
      Fokus utama diarahkan pada peningkatan pendapatan secara              focus is directed towards the increase of consistent income,
      konsisten, baik dari segmen recurring maupun non-recurring.           both from the recurring as well as non-recurring segments. The
      Perseroan menargetkan pertumbuhan pendapatan recurring                Company targets recurring income growth through additions and
      income melalui penambahan dan perbaikan fasilitas di aset yang        improvements to facilities in existing assets, as well as potential
      dimiliki, serta potensi proyek baru. Sementara itu, pendapatan non-   new projects. Meanwhile, the non-recurring income will be pushed
      recurring akan didorong melalui pengembangan proyek perumahan         through the development of residential projects for the middle
      pada segmen menengah, sejalan dengan masih besarnya backlog           segment, in line with the housing backlog which remains still at
      kebutuhan hunian. Dalam hal ini, Perseroan menekankan pentingnya      large. In this context, the Company stresses the importance of
      perumusan produk yang tepat sasaran agar mampu menjadi pilihan        formulating products that are rightly targeted in order to become
      utama bagi konsumen di segmen tersebut.                               the main choice for consumers in that segment.


      Seluruh inisiatif tersebut diharapkan dapat mendukung stabilitas      All of these initiatives are expected to support the stability of the
      arus kas serta memperkuat struktur pendapatan jangka panjang.         cash flow as well as strengthen the income structure in the long
      Dari sisi efisiensi, Perseroan berkomitmen untuk menjaga              run. From an efficiency perspective, the Company is committed
      struktur biaya tetap optimal guna meningkatkan profitabilitas.        to optimally maintaining an cost structure in order to improve
      Upaya ini dilakukan melalui pengendalian biaya yang disiplin,         profitability. This effort is carried out through tight cost control,
      peningkatan produktivitas, serta optimalisasi proses bisnis secara    increasing productivity, and optimization of sustainable business
      berkelanjutan.                                                        processes.


      Untuk mendukung ekspansi jangka panjang, Perseroan akan               To encourage long-term expansion, the Company will carry out
      melakukan akuisisi lahan secara bertahap dan selektif dengan          land acquisition selectively and in stages with consideration of
      mempertimbangkan potensi pengembangan serta nilai tambah              development potentials as well as future added value. In addition,
      di masa depan. Selain itu, Perseroan secara aktif menjajaki kerja     the Company is actively exploring strategic cooperation with
      sama strategis dengan mitra yang memiliki keselarasan visi,           partners holding aligned visions, hence, to accelerate project
      guna mempercepat pengembangan proyek, khususnya proyek                development, specifically large-scale projects that require
      berskala besar yang membutuhkan sinergi dari sisi permodalan          synergy in capital and expertise areas.
      dan keahlian.


      Optimalisasi aset tetap menjadi prioritas utama melalui program       Optimization of fixed assets has become the main priority
      peremajaan dan pengembangan ulang (redevelopment) atas                through rejuvenation and redevelopment programs of its owned
      aset properti yang dimiliki. Pendekatan ini diharapkan dapat          properties. This approach will hopefully increase the return as
      meningkatkan imbal hasil serta memperkuat nilai portofolio            well as help strengthen the Company’s overall property portfolio’s
      properti Perseroan secara keseluruhan. Ke depan, Perseroan akan       value. Going forward, the Company will continue to take
      terus memanfaatkan momentum pemulihan ekonomi nasional                advantage of the momentum for national economic recovery as
      serta mengambil peran strategis dalam mendorong pertumbuhan           well as take the strategic role to push for growth of the property
      sektor properti di Indonesia, guna memastikan keberlanjutan           sector in Indonesia, in order to ensure business sustainability and
      usaha dan penciptaan nilai jangka panjang bagi seluruh pemangku       create long-term value creation for all stakeholders.
      kepentingan.




128       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                     Tinjauan Keuangan
                                                                                                                            Financial Review




PERBANDINGAN ANTARA TARGET 2025, REALISASI 2025,                          COMPARATIVE ANALYSIS BETWEEN 2025 TARGET, 2025
DAN PROYEKSI 2026                                                         REALIZATION AND 2026 PROJECTION
Perseroan mencatat pendapatan neto sebesar Rp1.426 miliar di              The Company recorded its net income of Rp1,426 billion in the
tahun 2025, meningkat 16,24% dibandingkan dengan Rp1.227                  year 2025, a 16.24% increase compared to Rp1,227 billion in 2024.
miliar di tahun 2024. Realisasi ini mencapai 83,58% dari target awal      This realization reached 83.58% of the initial set target. From
yang ditetapkan. Dari sisi permodalan, struktur modal Perseroan           the capital perspective, the Company’s capital structure by the
pada akhir Desember 2025 terdiri atas utang dan ekuitas, dengan           end of December 2025 consisted of debt and equity, with equity
ekuitas mendominasi total aset sebesar 69%. Komposisi ini                 dominating the total assets by 69%. This composition reflects
mencerminkan bahwa Perseroan cenderung mengandalkan                       that the Company tends to rely on internal funding as compared
pendanaan internal dibandingkan dengan utang, sehingga tingkat            to debt, thus the level of leverage remained relatively low and
leverage relatif rendah dan risiko keuangan tetap terjaga.                financial risks were well maintained.


Pencapaian kinerja keuangan Perseroan pada tahun 2025 menjadi             The Company’s financial performance achievements in 2025
dasar dalam perumusan prospek usaha dan penetapan target                  served as a basis to better formulate business prospects and
bisnis yang lebih baik pada tahun 2026. Perseroan menargetkan             set business targets for the year 2026. The Company targets
pertumbuhan pendapatan sebesar 20,26% dari realisasi tahun                its income growth at 20.26% from the actualization in 2025. All
2025. Seluruh target dan proyeksi yang disusun oleh Manajemen             targets and projections set by Management for the year 2026 have
untuk tahun 2026 telah mempertimbangkan kondisi eksternal                 taken into account the external conditions that can potentially
yang berpotensi memengaruhi kinerja Perseroan, serta kapasitas            affect the Company’s performance, as well as its internal capacity
internal yang dimiliki.                                                   on hand.


Faktor eksternal yang menjadi perhatian antara lain perkembangan          External factors of concern, among others, include geopolitical
geopolitik, tingkat suku bunga, dan inflasi global yang dapat             development, interest rates, and global inflation that can affect
memengaruhi perekonomian domestik. Di sisi lain, potensi                  the domestic economy. On the other hand, the potential
tekanan terhadap daya beli domestik akibat inflasi dan dinamika           pressure on domestic purchasing power due to inflation and
global menjadi salah satu faktor yang perlu diwaspadai, mengingat         global dynamics is a factor that requires vigilance, considering
kondisi tersebut dapat memengaruhi laju pertumbuhan ekonomi               that these conditions could affect the rate of economic growth
pada tahun 2026. Dari sisi internal, Perseroan mempertimbangkan           in 2026. From the internal perspective, the Company takes into
kekuatan operasional, kecukupan kas bersih, serta struktur modal          consideration the operational strength, the net cash adequacy, as
yang sehat, dengan tetap didukung oleh komitmen pemegang                  well as a sound capital structure, with the continuous support of
saham dan para pemangku kepentingan lainnya.                              the shareholders’ and other stakeholders’ commitment.


ASPEK PEMASARAN                                                           MARKETING ASPECT
Perseroan telah mengimplementasikan berbagai strategi bisnis              The Company has implemented various directed business
yang terarah untuk memperkuat daya saing sekaligus memastikan             strategies to strengthen its competitiveness and, at the same
keberlanjutan usaha dalam jangka panjang, di tengah tekanan               time, ensured business sustainability in the long run, amidst global
perekonomian global dan melemahnya daya beli konsumen kelas               economic pressures and the weakening of purchasing power of
menengah sebagai target utama pasar properti Perseroan.                   the middle class as the main target of the Company’s property
                                                                          market.


Dalam menghadapi ketidakpastian ekonomi yang berdampak                    In facing economic uncertainties that impact the national property
pada kinerja pasar properti nasional, Perseroan mengarahkan fokus         market’s performance, the Company directs its business focus on
bisnis pada penerapan niche market strategy yang didukung oleh            the application of niche market strategy supported by optimal
disiplin pengelolaan biaya secara optimal, sehingga arus kas tetap        cost control discipline, so that cash flow is well maintained at a
terjaga pada tingkat yang sehat dan berkelanjutan.                        sound and sustainable level.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Tinjauan Keuangan
      Financial Review




      Seiring dengan berlanjutnya program penghematan anggaran            In line with the continuation of the government’s budget efficiency
      pemerintah yang berdampak pada kinerja sektor perhotelan,           program that impacts the performance of the hotel sector, the
      Perseroan secara proaktif mengoptimalkan strategi promosi dan       Company proactively optimizes promotion strategies and brand
      penguatan merek, serta meningkatkan kualitas layanan untuk          strengthening, as well as the improvement of service quality to
      menarik segmen pasar non-pemerintah. Di sisi lain, Perseroan        attract the non-government market segment. On the other hand,
      juga menempatkan kepuasan pelanggan sebagai prioritas utama         the Company also places customer satisfaction as a main priority
      melalui penyediaan fasilitas yang memadai, serta penerapan          through the provision of adequate facilities, and the implementation
      standar keamanan dan keselamatan yang konsisten dan terjaga.        of consistent and controlled security and safety standards.


      Melalui implementasi strategi pemasaran yang adaptif dan            Through the implementation of adaptive and right-on-target
      tepat sasaran, Perseroan menunjukkan kemampuannya dalam             marketing strategies, the Company reveals its capability to
      merespons dinamika pasar dan kebutuhan usaha secara efektif.        effectively respond to market dynamics and business needs.
      Seluruh inisiatif tersebut diharapkan dapat semakin memperkuat      All such initiatives are expected to increasingly strengthen the
      citra positif Perseroan sebagai salah satu pengembang properti      Company’s image positively as one of Indonesia’s prominent
      terintegrasi terkemuka di Indonesia, sekaligus menciptakan nilai    integrated property developers, at the same time, they create
      tambah yang berkelanjutan bagi para pemangku kepentingan            sustainable added value for the stakeholders.


      KEBIJAKAN DIVIDEN                                                   DIVIDEND POLICY
      Selama 2 (dua) tahun buku terakhir, Perseroan belum melakukan       In the last 2 (two) financial years, the Company has yet to
      pembagian dividen kepada para pemegang saham, dikarenakan           distribute dividends to the shareholders as the Company still
      Perseroan masih membukukan rugi tahun berjalan.                     posted a loss for the current year.


      REALISASI PENGGUNAAN DANA HASIL PENAWARAN UMUM                      REALIZATION ON THE UTILIZATION OF PROCEEDS FROM
                                                                          PUBLIC OFFERING
      Seluruh dana hasil penawaran umum Perseroan telah digunakan         All proceeds from the Company’s public offering have been used
      seluruhnya.                                                         in their entirety.


      INFORMASI MATERIAL MENGENAI INVESTASI, EKSPANSI,                    MATERIAL       INFORMATION         REGARDING           INVESTMENT,
      DIVESTASI, PENGGABUNGAN/PELEBURAN USAHA, AKUISISI,                  EXPANSION,          DIVESTMENT,          BUSINESS           MERGER/
      RESTRUKTURISASI UTANG/ MODAL, DAN TRANSAKSI AFILIASI                CONSOLIDATION,              ACQUISITION,              DEBT/CAPITAL
                                                                          RESTRUCTURING, AND AFFILIATE TRANSACTION
      Pada tanggal 1 Juli 2025, Perseroan melalui anak usahanya,          On 1 July 2025, through subsidiary PT Graha Andrasentra
      PT Graha Andrasentra Propertindo Tbk (“GAP”) telah melakukan        Propertindo Tbk (“GAP”), the Company converted its debt of
      konversi utang sebesar Rp781,3 miliar menjadi setoran modal         Rp781.3 billion into GAP’s equity capital in PT Gili Tirta Anugerah.
      saham GAP pada PT Gili Tirta Anugerah.


      Transaksi Konversi Utang menjadi penyertaan saham ini               This debt-to-equity conversion transaction is a material
      merupakan transaksi material sebagaimana dimaksud dalam             transaction as defined in Financial Services Authority Regulation
      Peraturan Otoritas Jasa Keuangan Nomor 17/POJK.04/2020              No. 17/POJK.04/2020 regarding Material Transactions and
      tentang Transaksi Material dan Perubahan Kegiatan Usaha yang        Changes in Business Activities, of which the information
      keterbukaan informasinya telah dilakukan GAP pada tanggal           disclosure was conducted by GAP on 6 May 2025, and
      6 Mei 2025 dan 10 Juni 2025 melalui situs web GAP dan IDXNet.       10 June 2025 through the GAP website and IDXNet.




130      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 133
                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                                                     Tinjauan Keuangan
                                                                                                                            Financial Review




INFORMASI TRANSAKSI MATERIAL YANG MENGANDUNG                              INFORMATION ON MATERIAL TRANSACTIONS WITH
BENTURAN KEPENTINGAN DAN/ATAU TRANSAKSI DENGAN                            CONFLICTS OF INTEREST AND/OR TRANSACTIONS WITH
PIHAK AFILIASI/PIHAK BERELASI                                             AFFILIATES/RELATED PARTIES


Transaksi Material yang Mengandung Benturan Kepentingan                   Material Transactions with Conflicts of Interest
Selama tahun 2025 Perseroan tidak mencatatkan adanya transaksi            During the year 2025, the Company did not record any transactions
yang mengandung benturan kepentingan                                      with a conflict of interest.


Peran Dewan Komisaris, dan Komite Audit Serta Penjelasan                  The Role of the Board of Commissioners, and the Audit Committee
Kewajaran, Mekanisme Review, dan Pemenuhan Peraturan                      as well as an Explanation on the Appropriateness, Review
Transaksi dengan Pihak Afiliasi Perseroan memiliki mekanisme              Mechanism, and Compliance with Regulations on Transactions
review untuk menganalisa dan meninjau transaksi-transaksi                 with Affiliate Parties The Company retains a review mechanism
keuangan dengan pihak-pihak berelasi, yakni dengan melibatkan             to analyze and review financial transactions with related parties,
organ-organ pengawas seperti Komite Audit dan Dewan Komisaris             namely by involving such supervisory organs as the Audit
serta juga dianalisa kembali oleh Akuntan Publik melalui proses           Committee and the Board of Commissioners as well as re-analysis
audit eksternal                                                           by a Public Accountant through the external audit process.


Komite Audit dilibatkan untuk menelaah rencana transaksi                  The Audit Committee takes part in the review of financial
keuangan dengan nominal tertentu yang akan dilakukan oleh                 transaction plans with certain nominal values to be carried
Perseroan dengan pihak-pihak berelasi. Keterlibatan Komite Audit          out by the Company with other related parties. The Audit
dimaksudkan untuk menjaga akuntabilitas transaksi keuangan dan            Committee’s involvement serves the purpose of maintaining
memastikan tidak ada benturan kepentingan yang berpotensi                 financial transaction accountability and ensuring no conflict of
timbul dari terlaksananya rencana transaksi keuangan tersebut.            interest that may potentially arise from the implementation of
Setelah melakukan peninjauan secara menyeluruh, Komite Audit              such financial transaction plans. Following an overall review, the
akan memberikan saran dan masukan kepada Dewan Komisaris                  Audit Committee shall provide recommendations and feedback
terkait rencana transaksi-transaksi yang akan dilakukan Perseroan.        to the Board of Commissioners in connection to transaction
Perseroan memastikan bahwa semua transaksi dengan pihak-pihak             plans to be carried out by the Company. The Company ensures
berelasi dilakukan dengan syarat dan kondisi yang sama dengan             that all transactions with related parties are carried out with the
transaksi-transaksi dengan pihak ketiga, kecuali dinyatakan lain di       same terms and conditions as transactions with third parties,
dalam laporan keuangan. Selain itu, transaksi tersebut telah sesuai       with the exception of those stated otherwise in the financial
dengan Peraturan OJK No. 42/POJK.04/2020 tentang “Transaksi               statements. Subsequently, such transactions are in accordance
Afiliasi dan Benturan Kepentingan Transaksi Tertentu,” pada saat          with OJK Regulation No. 42/POJK.04/2020 regarding “Affiliate
transaksi-transaksi tersebut dilaksanakan serta diatur dalam PSAK         Transactions and Conflict of Interest in Certain Transactions,” at
224 tentang “Pengungkapan Pihak-Pihak yang Berelasi.” Informasi           the time such transactions are carried out and regulated in the
lebih rinci mengenai pihak-pihak berelasi dengan Perseroan                PSAK 224 regarding “Disclosure of Related Parties.” More detailed
beserta sifat dari transaksi yang dilakukan oleh Perseroan sampai         information on related parties with the Company as well as on the
dengan periode yang berakhir pada tanggal 31 Desember 2025                characteristics of the transactions carried out by the Company
dapat dilihat pada Catatan Atas Laporan Keuangan (CALK) No. 38,           up to the period which ended on 31 December 2025 is provided
di dalam laporan keuangan tahunan yang menjadi satu kesatuan              in the Notes to the Financial Statements (CALK) No. 38, in the
dengan Laporan Tahunan 2025.                                              annual financial statements which are an integral part of the 2025
                                                                          Annual Report.




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         Kilas Kinerja              Laporan Manajemen       Profil Perusahaan             Unit Pendukung Bisnis
      Performance Highlights          Management Report       Company Profile               Business Support Unit




      Tinjauan Keuangan
      Financial Review




      Nama Pihak, Sifat Hubungan, Dan Nilai Transaksi Pihak-Pihak                 Name of Entities, Nature of Relationship, and Amount of
      Berelasi                                                                    Transaction with Related Parties
      Informasi lengkap mengenai pengungkapan saldo transaksi                     Complete information on the disclosure of transaction balances
      dengan pihak-pihak berelasi sudah disampaikan di dalam Laporan              with related parties is presented in Notes to Financial Statement
      Keuangan Catatan 38, yaitu sebagai berikut:                                 No. 38, namely as follows:


                               Pihak Berelasi                Hubungan                              Sifat Hubungan Transaksi
       No
                               Related Party                Relationship                        Nature of Relationship Transaction

        1      PT Bakrie Capital Indonesia                 Pengendali dan       Piutang usaha dan pendapatan pengelolaan perkantoran
                                                          Pemegang saham        Trade receivables and office management revenue
                                                           Controlling and
                                                            Shareholder
        2      PT Petromine Energy Trading                Pemegang saham        Utang pihak berelasi, pendapatan pengelolaan perkantoran
                                                            Shareholder         Payables due to related parties

        3      PT Bumi Resources Tbk                          Afiliasi          Pendapatan pengelolaan perkantoran
                                                              Affiliate         Office management revenue
        4      PT Bakrie & Brothers Tbk                       Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        5      PT Energi Mega Persada Tbk                     Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        6      PT Darma Henwa Tbk                             Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        7      PT Bumi Resources Minerals Tbk                 Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        8      PT Arutmin Indonesia                           Afiliasi          Pendapatan pengelolaan perkantoran
                                                              Affiliate         Office management revenue
        9      PT Bakrie Global Ventura                       Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        10     PT Bakrie Indo Infrastructure                  Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        11     PT Bakrie Telecom Tbk                          Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        12     Long Haul Holding Ltd.                         Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue

        13     PT Rasuna Sentra Medika                        Afiliasi          Piutang usaha dan pendapatan pengelolaan perkantoran
                                                              Affiliate         Trade receivables and office management revenue




132      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                    www.bakrieland.com
Page 135
                                                                                   Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                             Tata Kelola Perusahaan                      Laporan Berkelanjutan
       Pembahasan Manajemen
                                             Good Corporate Governance                  Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                                                      Tinjauan Keuangan
                                                                                                                             Financial Review




                     Pihak Berelasi               Hubungan                                  Sifat Hubungan Transaksi
 No
                     Related Party               Relationship                            Nature of Relationship Transaction

  14    PT Graha Adika Niaga                        Afiliasi             Piutang usaha dan pendapatan pengelolaan perkantoran
                                                    Affiliate            Trade receivables and office management revenue

  15    PT Bakrie Kalila Investment                 Afiliasi             Piutang usaha dan pendapatan pengelolaan perkantoran
                                                    Affiliate            Trade receivables and office management revenue

  16    PT Petrocom Nuansa Nusantara                Afiliasi             Piutang lain-lain
                                                    Affiliate            Other receivables
  17    PT Permata Sakti Mandiri                    Afiliasi             Piutang pihak berelasi
                                                    Affiliate            Receivables of related parties
  18    PT Pazkul Kahuripan Premiere                Afiliasi             Piutang pihak berelasi
                                                    Affiliate            Receivables of related parties
  19    PT Minarak Brantas Gas                      Afiliasi             Piutang usaha dan pendapatan pengelolaan perkantoran
                                                    Affiliate            Trade receivables and office management revenue

  20    PT Lativi Media Karya                       Afiliasi             Pendapatan pengelolaan perkantoran
                                                    Affiliate            Office management revenue
  21    BUT EMP Bentu Limited                       Afiliasi             Piutang usaha dan pendapatan pengelolaan perkantoran
                                                    Affiliate            Trade receivables and office management revenue

  22    PT Multi Kontrol Nusantara                  Afiliasi             Piutang usaha dan pendapatan pengelolaan perkantoran
                                                    Affiliate            Trade receivables and office management revenue

  23    PT Persija Jaya Jakarta                     Afiliasi             Piutang lain-lain
                                                    Affiliate            Other receivables
  24    PT Persija Jakarta Property                 Afiliasi             Piutang lain-lain
                                                    Affiliate            Other receivables
  25    PT Persija Jakarta Hebat                    Afiliasi             Piutang lain-lain
                                                    Affiliate            Other receivables
  26    PT Cronus Capital Indonesia                 Afiliasi             Pendapatan pengelolaan perkantoran
                                                    Affiliate            Office management revenue
  27    PT Minarak Artha Raya                       Afiliasi             Utang pihak berelasi
                                                    Affiliate            Payables due to related parties
  28    PT Sanggraha Pelita Development             Afiliasi             Utang pihak berelasi
        Services                                    Affiliate            Payables due to related parties
  29    PT Bakrie Sumatera Plantations Tbk          Afiliasi             Pendapatan pengelolaan perkantoran
                                                    Affiliate            Office management revenue
  30    Mineral Brantas Gas Inc                     Afiliasi             Piutang usaha dan pendapatan pengelolaan perkantoran
                                                    Affiliate            Trade receivables and office management revenue




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          Kilas Kinerja         Laporan Manajemen         Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights      Management Report          Company Profile             Business Support Unit




      Tinjauan Keuangan
      Financial Review




      PERNYATAAN DIREKSI ATAS TRANSAKSI AFILIASI TAHUN                         STATEMENT OF THE BOARD OF DIRECTORS ON AFFILIATE
      2025                                                                     TRANSACTIONS IN 2025
      Direksi berpendapat seluruh transaksi afiliasi yang dilakukan            The Board of Directors is of the opinion that all affiliate
      Perseroan selama tahun 2025 sudah dilaksanakan pada nilai yang           transactions carried out by the Company during the year 2025
      wajar (arm’s length) sesuai dengan syarat dan ketentuan yang sama        were implemented at arm's’ length in accordance with the same
      apabila transaksi serupa dilakukan dengan pihak yang tidak terafiliasi   terms and conditions carried out with non-affiliate parties and are
      serta telah sesuai dengan best practice yang berlaku di Indonesia.       in accordance with best practices applicable in Indonesia.


      PERUBAHAN PERATURAN PERUNDANG UNDANGAN PADA                              REGULATORY CHANGES IN 2025
      TAHUN 2025
      Perseroan berkomitmen untuk selalu mematuhi setiap                       The Company is committed to always complying with applicable
      peraturan perundang-undangan yang berlaku. Perubahan                     laws and regulations. Regulatory changes that occurred in
      peraturan perundang-undangan yang terjadi di tahun 2025 tidak            2025 did not significantly impact the Company’s operational
      memberikan dampak signifikan terhadap operasional kegiatan               business activities and have no impact on the presentation of the
      usaha Perseroan dan tidak berdampak terhadap penyajian laporan           Company’s financial statements.
      keuangan Perseroan.


      PERUBAHAN KEBIJAKAN AKUNTANSI                                            CHANGES IN ACCOUNTING POLICY
      Pernyataan baru dan amandemen Standar Akuntansi Keuangan                 The new statements and amendments to the Financial Accounting
      (PSAK) yang telah diterbitkan dan berlaku efektif untuk periode          Standards (PSAK) issued and effective for the fiscal year period
      tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2026         beginning on or after 1 January 2026 are as follows:
      adalah sebagai berikut:
      -    Amandemen PSAK No 109, “Instrumen Keuangan”                         -   Amendment of Statement of Financial Accounting Standards
                                                                                   (PSAK) No. 109, “Financial Instrument”
      -    Amandemen PSAK No 107, “Instrumen Keuangan                          -   Amendment of PSAK No. 107, “Financial Disclosure
           Pengungkatan tentang Klasifikasi dan Pengukuran Instrumen               Instrument on the Classification and Measurement of
           Keuangan”.                                                              Financial Instruments”.


      Grup sedang mempelajari dampak yang mungkin timbul dari                  The Group is currently studying the possible impact of the
      penerapan SAK tersebut terhadap laporan keuangan konsolidasian.          application of these SAKs on the consolidated financial
                                                                               statements.




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                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




                                                                                                              Tinjauan Keuangan
                                                                                                                     Financial Review




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   Tata Kelola
  Perusahaan
Good Corporate Governance

Bakrieland • Laporan Tahunan 2025 Annual Report
Page 140
          Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report         Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance


                                               Komitmen Perseroan terhadap GCG dijalankan secara
                                               berkesinambungan dengan menjaga keseimbangan kepentingan
                                               antara pemegang saham dan pemangku kepentingan lainnya.
                                               Untuk memastikan kualitas penerapan tata kelola tetap relevan
                                               dan kompetitif, Perseroan secara aktif melakukan penyesuaian
                                               dan pembandingan terhadap ketentuan regulator serta praktik
                                               terbaik yang berkembang di lingkungan bisnis.

                                               The Company’s commitment to GCG is continuously executed by
                                               maintaining a balance of the interests between the shareholders and other
                                               stakeholders. To ensure the quality of governance implementation remains
                                               relevant and competitive, the Company actively adapts and compares to
                                               regulatory provisions and best practices that are developing in the business
                                               environment.




      KOMITMEN PERSEROAN                                                     THE COMPANY’S COMMITMENT
      Perseroan menempatkan Tata Kelola Perusahaan yang Baik                 The Company places Good Corporate Governance (GCG) as the
      (Good Corporate Governance/GCG) sebagai landasan utama                 main foundation in managing strategic business and decision-
      dalam pengelolaan usaha dan pengambilan keputusan strategis.           making. The Company is committed to conducting all business
      Perseroan berkomitmen untuk menjalankan seluruh aktivitas              activities responsibly, with integrity, and holds high ethical
      bisnis secara bertanggung jawab, berintegritas, serta menjunjung       standards and professionalism across all lines of the organization.
      tinggi standar etika dan profesionalisme di seluruh lini organisasi.   Implementation of GCG principles is believed to not only function
      Penerapan prinsip-prinsip GCG diyakini tidak hanya berfungsi           as a compliance frameworkbut also as a strategic instrument in
      sebagai kerangka kepatuhan, tetapi juga sebagai instrumen              supporting sustainable long-term performance.
      strategis dalam mendorong kinerja jangka panjang yang
      berkelanjutan.


      Dalam        mendukung        keberlanjutan    usaha,     Perseroan    In supporting sustainable business, the Company develops a work
      mengembangkan sistem kerja yang terintegrasi dan saling                system that is integrated and mutuallycomplementary and that is
      melengkapi, sehingga mampu menciptakan keseimbangan                    capable of creating balance between performance achievement,
      antara pencapaian kinerja, pengelolaan risiko, serta pemenuhan         risk management, and fulfillment of interests of the stakeholders.
      kepentingan para pemangku kepentingan. Penerapan GCG                   GCG implementation is carried out comprehensively by involving
      dilaksanakan secara menyeluruh dengan melibatkan seluruh organ         all organs of the Company and Subsidiaries, starting from the
      Perseroan dan Entitas Anak, mulai dari proses perumusan kebijakan      process of policy formulation to implementation and evaluation.
      hingga implementasi dan evaluasi. Pendekatan top-down yang             The top-down approach led by the Board of Commissioners
      dipimpin oleh Dewan Komisaris dan Direksi memastikan bahwa             and the Board of Directors ensures that governance values are
      nilai-nilai tata kelola tertanam secara konsisten di seluruh tingkat   internalized consistently at all levels of the organization.
      organisasi.




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                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                       Laporan Tata Kelola Perusahaan
                                                                                                            Report on Corporate Governance




Komitmen Perseroan terhadap GCG dijalankan secara                      The Company’s commitment to GCG is continuously executed by
berkesinambungan dengan menjaga keseimbangan kepentingan               maintaining a balance of the interests between the shareholders
antara pemegang saham dan pemangku kepentingan lainnya.                and other stakeholders. To ensure the quality of governance
Untuk memastikan kualitas penerapan tata kelola tetap relevan          implementation remains relevant and competitive, the Company
dan kompetitif, Perseroan secara aktif melakukan penyesuaian           actively adapts and compares to regulatory provisions and best
dan pembandingan terhadap ketentuan regulator serta praktik            practices that are developing in the business environment.
terbaik yang berkembang di lingkungan bisnis.


Di tahun 2025, penguatan praktik GCG menjadi bagian integral           In the year 2025, the strengthening of GCG practices became an
dari upaya Perseroan dalam menjaga ketahanan dan kinerja               integral part of the Company’s effort to maintain resilience and
usaha. Fokus penguatan tersebut diarahkan pada penyempurnaan           business performance. The focus of this strengthening is directed
soft structure dan infrastruktur GCG, yang tercermin dalam             at improving GCG soft structure and infrastructure, as reflected in
implementasi peraturan teknis dan pelaksanaan bisnis Perseroan.        the implementation of technical regulations and implementation
Untuk mendukung pemantauan atas aspek operasional dan                  of the Company’s business. To support monitoring of the
keuangan, Perseroan mengimplementasikan sistem manajemen               operational and financial aspects, the Company implements a
risiko dan pengendalian internal secara menyeluruh.                    comprehensive risk management system and internal control.


Sejalan dengan upaya penguatan praktik GCG, Perseroan secara           In line with the effort to strengthen GCG practices, the Company
berkala melakukan evaluasi atas efektivitas penerapan GCG serta        periodically conducts evaluations on the effectiveness of GCG
melakukan penyempurnaan kebijakan dan prosedur operasional             implementation as well as refines policies and standard operating
standar (SOP). Untuk meningkatkan ketepatan waktu penyelesaian         procedures (SOP). To improve time accuracy in the completion
audit laporan keuangan yang lebih baik dari tahun sebelumnya,          of financial statement audits to exceed the previous year, the
Perseroan mengoptimalkan proses bisnis dan koordinasi dengan           Company optimizes business processes and coordination with all
seluruh pihak terkait melalui peran digitalisasi.                      related parties through the role of digitalization.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Meskipun penerapan GCG di lingkungan Perseroan secara umum           Although GCG implementation within the Company’s
      telah berjalan efektif, Perseroan menyadari bahwa keberlanjutan      environment has generally run effectively, the Company realizes
      tata kelola hanya dapat dicapai apabila prinsip-prinsip GCG          that governance sustainability is only achievable if GCG principles
      terinternalisasi sebagai budaya kerja yang melekat pada seluruh      are internalized as a work culture inherent in all personnel of the
      insan Perseroan. Oleh karena itu, berbagai program sosialisasi       Company. For this reason, several socialization and internalization
      dan internalisasi dilakukan secara berkesinambungan untuk            programs are held continuously to ensure that understanding and
      memastikan pemahaman dan penerapan GCG berjalan konsisten            implementation of GCG run consistently in all business activities.
      di seluruh aktivitas bisnis.


      Dengan memperkuat fondasi tata kelola yang berkelanjutan serta       By strengthening the foundation of sustainable governance
      mengintegrasikan pengelolaan aspek Environmental, Social, and        and integrating the management of the Environmental, Social,
      Governance (ESG) ke dalam proses bisnis dan pengambilan              and Governance (ESG) aspects into the business and decision-
      keputusan, Perseroan meyakini dapat menciptakan nilai jangka         making processes, the Company believes it will be able to create
      panjang secara bertanggung jawab serta memberikan manfaat            long-term value responsibly and provide optimal benefits for all
      yang optimal bagi seluruh pemangku kepentingan.                      stakeholders.


      PENERAPAN TATA KELOLA YANG BAIK                                      IMPLEMENTATION OF GOOD GOVERNANCE
      Dalam dinamika industri properti yang semakin kompetitif             In the increasingly competitive and complex dynamics of the
      dan kompleks, Perseroan memandang GCG sebagai prasyarat              property industry, the Company views GCG as a fundamental
      fundamental dalam menjaga ketahanan usaha dan memastikan             prerequisite in maintaining business resilience and ensuring
      keberlanjutan kinerja. GCG tidak hanya diterapkan sebagai            sustainable performance. GCG is not only implemented as
      kewajiban kepatuhan, tetapi diposisikan sebagai kerangka strategis   a compliance obligation, but it is also positioned as a strategic
      dalam membentuk sistem, struktur, dan budaya perusahaan yang         framework for developing a corporate system, structure, and
      mendukung penciptaan nilai jangka panjang secara berkelanjutan.      culture that support the sustainable creation of long-term values.


      Perseroan meyakini bahwa konsistensi dalam penerapan GCG             The Company believes that consistency in GCG implementation
      merupakan faktor kunci bagi pertumbuhan usaha yang sehat             is a key factor for sound and continuous business growth. For this
      dan berkesinambungan. Oleh karena itu, tata kelola perusahaan        reason, corporate governance is established as one of the main
      ditetapkan sebagai salah satu pilar utama keberlanjutan              pillars of the Company’s sustainability through the Adopting Best
      Perseroan melalui Pilar Adopting Best Practices & Compliance.        Practices & Compliance Pillar. This pillar functions as the umbrella
      Pilar ini berfungsi sebagai payung kebijakan dalam memastikan        policy in ensuring that all of the Company’s business, decision-
      seluruh proses bisnis, pengambilan keputusan, dan pelaksanaan        making, and operation processes are carried out in accordance
      operasional Perseroan dijalankan sesuai dengan prinsip tata kelola   with good governance principles as well as applicable compliance
      yang baik serta standar kepatuhan yang berlaku.                      standards.


      Melalui Pilar Adopting Best Practices & Compliance, Perseroan        Through the Adopting Best Practices & Compliance Pillar, the
      mengintegrasikan penerapan GCG dengan agenda pembangunan             Company integrates GCG implementation with the sustainability
      berkelanjutan yang dicanangkan oleh Pemerintah, termasuk             development agenda as initiated by the Government, including
      dukungan      terhadap   pencapaian    Tujuan    Pembangunan         the support on achieving Sustainable Development Goals (SDGs).
      Berkelanjutan (TBP). Integrasi tersebut diwujudkan melalui           This integration is manifested through the strengthening of
      penguatan kelembagaan, penataan proses bisnis, serta penerapan       institutionsand arrangement of business processes, as well as the
      kebijakan yang memastikan seluruh program dan aktivitas              implementation of policies that ensure all programs and activities
      Perseroan dilaksanakan secara bertanggung jawab, transparan,         of the Company are carried out responsibly, transparently, and in
      dan sesuai dengan ketentuan peraturan perundang-undangan.            accordance with provisions of the laws and regulations.




140      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                               www.bakrieland.com
Page 143
                                                                                      Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                   Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                                   Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                Sustainable Report




                                                                                              Laporan Tata Kelola Perusahaan
                                                                                                                   Report on Corporate Governance




Berbagai program atau inisiatif yang dilakukan Perseroan terkait               Various programs or initiatives conducted by the Company are
Tata Kelola Perseroan sesuai dengan aspek TPB adalah sebagai                   related to Corporate Governance in accordance with SDG’s as
berikut:                                                                       follows:

 Pembangunan Hukum dan Tata Kelola
 Development of Corporate Law and Governance
               Pilar                                                                 Inisiatif 2025
               Pillar                                                                2025 Initiative
 Adopting Best Practices &              •   Meningkatkan peran Dewan Komisaris melalui Komite Audit dalam mengawasi upaya peningkatan
 Compliance                                 mutu penerapan Good Corporate Governance, baik di tingkat Holding maupun Unit Usaha
                                            terutama dalam hal percepatan penyelesaian laporan keuangan.
                                        •   Meningkatkan pemahaman dan implementasi dalam operasional bisnis yang berwawasan
                                            lingkungan, keselamatan, dan kesehatan kerja.
                                        •   Memperkuat dan meningkatkan implementasi program Risk Champion di Entitas Anak
                                            Perusahaan, sebagai langkah untuk menerapkan proses dan struktur manajemen risiko yang
                                            efektif.

                                        •   Increase the role of the Board of Commissioners through the Audit Committee in supervising
                                            efforts to improve the implementation of Good Corporate Governance, both at the Holding level
                                            as well as the Business Unit level, especially in the context of accelerating the completion of the
                                            financial statements.
                                        •   Increase the comprehension and implementation of business operations that are oriented
                                            towards the environment, as well as occupational safety and health.
                                        •   Strengthen and improve the implementation of the Risk Champion program in the Company’s
                                            Subsidiaries, as a step to apply an effective risk management process and structure.



LANDASAN HUKUM                                                                 LEGAL BASIS
Penerapan GCG di lingkungan Perseroan mengacu pada sejumlah                    The implementation of GCG within the Company refers to a
kebijakan hukum dan ketentuan perundang-undangan yang                          number of legal policies and provisions of applicable laws, among
berlaku, antara lain:                                                          others, as follows:
1.   UU Republik Indonesia No. 40 Tahun 2007 tentang Perseroan                 1.  Law of the Republic of Indonesia No. 40 of Year 2007 on
     Terbatas                                                                      Limited Liability Companies
2. Pedoman Umum GCG Indonesia Tahun 2006                                       2. General Guidelines to Indonesia’s GCG of Year 2006
3. Peraturan OJK (POJK)                                                        3. OJK Regulations (POJK)
4. Anggaran Dasar Perseroan beserta perubahannya.                              4. Company Articles of Association and its amendments.


PRINSIP-PRINSIP PRAKTIK GCG                                                    PRINCIPLES OF GCG PRACTICES
Prinsip-prinsip GCG Bakrieland mengalami perkembangan sejalan                  Bakrieland’s GCG principles have developed in line with the
dengan dinamika dunia usaha. Untuk memastikan penerapannya                     dynamics of the business world. To ensure that implementation
tetap relevan dan selaras dengan praktik terbaik yang berlaku                  remains relevant and in alignment with best practices applicable
di Indonesia, Perseroan secara berkala melakukan peninjauan                    in Indonesia, the Company periodically reviews and refines the
dan penyempurnaan atas seluruh pedoman GCG, dengan                             entire GCG guidelines by adjusting to current developments in
menyesuaikannya terhadap perkembangan regulasi dan standar                     governance regulations and standards.
tata kelola terkini.




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         Kilas Kinerja         Laporan Manajemen         Profil Perusahaan                Unit Pendukung Bisnis
      Performance Highlights      Management Report        Company Profile                  Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Sejalan dengan komitmen tersebut, sejak tahun 2023 Perseroan            In line with this commitment, since 2023 the Company has
      menjadikan Pedoman Umum Governansi Korporat Indonesia                   placedthe 2021 General Guidelines for Indonesian Corporate
      (PUGKI) 2021 sebagai acuan dalam proses pengembangan                    Governance (PUGKI) as a reference for the development process
      Panduan Pelaksanaan GCG Perseroan. Hal ini bertujuan agar               of the Company’s GCG Implementation Guidelines. This aims at
      prinsip-prinsip governansi korporat yang baik dapat dipahami            ensuring that the principles of good corporate governance are
      secara utuh dan diterapkan secara konsisten dalam seluruh               understood comprehensively and applied consistently throughout
      aktivitas operasional, sehingga tercipta sistem tata kelola yang        all operational activities so as to create an effective and efficient
      efektif dan efisien.                                                    governance system.

      Dengan mengacu pada PUGKI 2021, Perseroan menerapkan 4                  By referring to the 2021 PUGKI, the Company applies the 4 (four)
      (empat) pilar governansi yang menjadi pedoman bagi seluruh              pillars of governance that serve as guidelines for all members of
      anggota manajemen dan karyawan Perseroan di setiap tingkatan            the management and employees of the Company at every level
      dan jenjang organisasi:                                                 and stage of the organization:


         Pilar-Pilar Governansi
                                                      Penjelasan                                  Implementasi di Lingkungan Perseroan
              Governance
                                                      Description                                    Implementation in the Company
           Governance Pillars
       Perilaku Beretika             Dalam       melaksanakan          kegiatannya,   •      Perseroan selalu mematuhi isi perjanjian dan
       Ethical Behavior              Perseroan senantiasa mengedepankan                      kontrak kerja sama dengan pihak ketiga sebagai
                                     kejujuran, memperlakukan semua pihak                    bentuk perlindungan terhadap hak-hak pemangku
                                     dengan hormat, memenuhi komitmen,                       kepentingan;
                                     membangun serta menjaga nilai-nilai              •      Perseroan memperlakukan semua pihak dengan
                                     moral dan kepercayaan secara konsisten.                 hormat termasuk karyawan dengan penuh hormat
                                     Perseroan juga memperhatikan kepentingan                serta menjaga nilai-nilai moral dan kepercayaan
                                     pemegang         saham     dan      pemangku            secara konsisten;
                                     kepentingan lainnya berdasarkan asas             •      Perseroan menjunjung tinggi prinsip integritas yang
                                     kewajaran dan kesetaraan serta dikelola                 dibuktikan melalui penandatanganan Pakta Integritas;
                                     secara independen sehingga masing-                      dan
                                     masing organ perusahaan tidak saling             •      Perseroan memiliki Pedoman GCG, Panduan Dewan
                                     mendominasi dan tidak dapat diintervensi                (Board Manual), dan Pedoman Perilaku (Code of
                                     oleh pihak lain.                                        Conduct) yang wajib dipatuhi oleh seluruh karyawan
                                     In carrying out its activities, the Company             termasuk jajaran Direksi dan Dewan Komisaris.
                                     always puts forward trustworthiness, treats      •      The Company always complies with cooperation
                                     all parties with respect, and consistently              agreements and contracts with third parties as a form
                                     builds and maintains moral values and trust.            of protection of the rights of the stakeholders;
                                     The Company also pays close attention to         •      The Company treats all parties with respect, including
                                     the interests of the shareholders and other             employees with full respect, and consistently
                                     stakeholders based on the principles of                 maintains moral values and trust;
                                     fairness and equality as well as managed         •      The Company upholds the principle of integrity as
                                     independently so that each company organ                proven through the signing of the Integrity Pact; and
                                     does not dominate the others and cannot          •      The Company retains the GCG Guidelines, the Board
                                     be intervened by other parties.                         Manual, and the Code of Conduct that must be
                                                                                             adhered to by all employees, including the Board of
                                                                                             Directors and the Board of Commissioners.




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                                                                                      Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                 Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                 Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                Sustainable Report




                                                                                              Laporan Tata Kelola Perusahaan
                                                                                                                   Report on Corporate Governance




   Pilar-Pilar Governansi
                                                  Penjelasan                                  Implementasi di Lingkungan Perseroan
        Governance
                                                  Description                                    Implementation in the Company
     Governance Pillars
 Akuntabilitas                     Perseroan dapat mempertanggungjawabkan         •      Pengambilan segala bentuk keputusan Perseroan
 Accountability                    kinerjanya secara transparan dan wajar.               senantiasa dilakukan secara objektif dan berdasarkan
                                   Maka dari itu, Perseroan harus dikelola               keputusan organ perseroan yang relevan sejalan
                                   secara benar, terukur, dan sesuai dengan              dengan pedoman ataupun kebijakan yang berlaku;
                                   kepentingan korporat dengan tetap              •      Seluruh karyawan wajib menjalankan tugas dan
                                   memperhitungkan kepentingan pemegang                  tanggung jawabnya sesuai peran dan fungsi masing-
                                   saham dan pemangku kepentingan.                       masing tanpa ada tekanan-tekanan dari pihak
                                   Akuntabilitas merupakan prasyarat yang                manapun yang tidak sesuai dengan kepentingan
                                   diperlukan untuk mencapai kinerja yang                Perseroan; dan
                                   berkelanjutan.                                 •      Dewan            Komisaris            dan      Direksi
                                   The     Company      transparently    and             mempertanggungjawabkan             kinerjanya  kepada
                                   appropriately takes responsibility for                pemegang saham melalui Rapat Umum Pemegang
                                   its performance. For this purpose, the                Saham (RUPS).
                                   Company must be managed correctly,             •      All forms of the Company’s decisions are always
                                   measurably, and in accordance with                    carried out objectively and based on the Company’s
                                   corporate interests by taking into                    organs’ decisions relevant to the direction set-forth
                                   account the interests of the shareholders             by the applicable guidelines or policies;
                                   and stakeholders.     Accountability is a      •      All employees must carry out their duties and
                                   prerequisite needed to achieve sustainable            responsibilities according to each respective role and
                                   performance.                                          function without pressures from any party that are
                                                                                         not in line with the interests of the Company; and
                                                                                  •      The Board of Commissioners and the Board of
                                                                                         Directors account for their performance to the
                                                                                         shareholders through the General Meeting of
                                                                                         Shareholders (GMS).




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         Kilas Kinerja         Laporan Manajemen         Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights      Management Report        Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




         Pilar-Pilar Governansi
                                                      Penjelasan                              Implementasi di Lingkungan Perseroan
              Governance
                                                      Description                                Implementation in the Company
           Governance Pillars
      Transparansi                   Untuk      menjaga    objektivitas   dalam   •      Publikasi dan transparansi informasi umum mengenai
      Transparency                   menjalankan bisnis, korporasi menyediakan           Perseroan dapat diakses melalui situs website:
                                     informasi yang material dan relevan dengan          https://bakrieland.com/ ataupun melalui sosial media
                                     cara yang mudah diakses dan dipahami                resmi milik Perseroan;
                                     oleh pemangku kepentingan. Perseroan         •      Proses diskusi dan pengambilan keputusan Dewan
                                     mengambil inisiatif untuk mengungkapkan             Komisaris dan Direksi dilakukan secara transparan
                                     tidak hanya masalah yang disyaratkan oleh           melalui rapat internal maupun rapat gabungan; dan
                                     peraturan perundang-undangan, tetapi         •      Perseroan memberikan laporan berkala sesuai
                                     juga hal yang penting untuk pengambilan             peraturan yang berlaku kepada regulator dan
                                     keputusan oleh pemegang saham, kreditur             pemegang saham. Informasi lebih lanjut bisa
                                     dan pemangku kepentingan lainnya.                   didapatkan dengan mengakses situs website Bursa
                                     To maintain objectivity in performing               Efek Indonesia (BEI) dan memasukkan ticker code:
                                     business, the Company provides material             “ELTY”
                                     and relevant information by means that       •      Publication and transparency of general information
                                     are easily accessible and understood by             on the Company may be accessed through the
                                     stakeholders. The Company takes the                 website https://bakrieland.com/ or through the
                                     initiative to disclose not only issues as           Company’s official social media;
                                     required by laws and regulations, but also   •      Discussion and decision-making processes of the
                                     important matters that need to be decided           Board of Commissioners and the Board of Directors
                                     by the shareholders, creditors, and other           are carried out transparently through internal
                                     stakeholders.                                       meetings as well as joint meetings; and
                                                                                  •      The Company provides periodic reports to regulators
                                                                                         and the shareholders in accordance with applicable
                                                                                         regulations. Further information may be obtained
                                                                                         by accessing the website of the Indonesia Stock
                                                                                         Exchange (BEI) and entering the ticker code "ELTY".




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                                                                                        Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                  Tata Kelola Perusahaan                      Laporan Berkelanjutan
      Pembahasan Manajemen
                                                  Good Corporate Governance                  Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                  Sustainable Report




                                                                                                Laporan Tata Kelola Perusahaan
                                                                                                                     Report on Corporate Governance




   Pilar-Pilar Governansi
                                                   Penjelasan                                   Implementasi di Lingkungan Perseroan
        Governance
                                                   Description                                     Implementation in the Company
     Governance Pillars
 Keberlanjutan                     Perseroan mematuhi peraturan perundang-          •      Pengelolaan usaha Perseroan dilakukan secara
 Sustainability                    undangan serta berkomitmen melaksanakan                 profesional sesuai dengan ketentuan Anggaran Dasar
                                   tanggung jawab terhadap masyarakat                      dan peraturan perundang-undangan yang berlaku;
                                   dan lingkungan agar berkontribusi pada           •      Perseroan menjalankan program dan/atau kegiatan
                                   pembangunan         berkelanjutan    melalui            Corporate Social Responsibility (CSR) setiap tahun;
                                   kerja sama dengan semua pemangku                 •      Perseroan mengikuti perkembangan regulasi yang
                                   kepentingan terkait untuk meningkatkan                  relevan melalui laporan pemantauan review regulasi
                                   kehidupan mereka dengan cara yang selaras               yang dilakukan secara berkala. Perseroan menyediakan
                                   dengan kepentingan bisnis dan agenda                    berbagai jenis program edukasi bagi karyawan dalam
                                   pembangunan berkelanjutan.                              bentuk pelatihan in-house.
                                   The Company complies with the laws and           •      The Company’s business management is carried
                                   regulations and is committed to carry out its           out professionally in accordance with provisions of
                                   responsibilities to the community and the               the Articles of Association and applicable laws and
                                   environment in order to keep contributing               regulations;
                                   to sustainable development through               •      The Company carries out Corporate Social
                                   cooperation with all related stakeholders to            Responsibility (CSR) programs and/or activities every
                                   improve their lives by means that are in line           year;
                                   with business interests and sustainability       •      The Company keeps track of relevant regulatory
                                   development agenda.                                     developments through monitoring reports of
                                                                                           regulation reviews conducted periodically.        The
                                                                                           Company provides various types of educational
                                                                                           programs for employees in the form of in-house
                                                                                           training.


INFRASTRUKTUR PRAKTIK GCG                                                     INFRASTRUCTURE OF GCG PRACTICES
Keberhasilan masing-masing Organ dalam menjalankan tugas                      The success of each Organ in appropriately carrying out respective
dan tanggung jawabnya dengan baik didukung oleh eksistensi                    duties and responsibilities is supported by the existence of the
soft-structure GCG (manual building) yang terus disempurnakan                 GCG soft-structure (manual building) that is continuously refined
sesuai perkembangan regulasi dan best practices yang berlaku.                 in accordance with applicable regulations and best practices.


Berikut ini adalah soft-structure GCG yang dimiliki Perseroan:                Following is a list of the Company’s GCG soft-structure:
1.   Peraturan perundangan yang berlaku                                       1.   Applicable laws and regulations
2. Peraturan Perseroan                                                        2. Company Regulations
3. Visi dan Misi Perseroan                                                    3. Company Vision and Mission
4. Panduan Pelaksanaan Tata Kelola Perseroan                                  4. Corporate Governance Implementation Guidelines
5. Roadmap GCG                                                                5. GCG Roadmap
6. Pedoman Perilaku dan Kode Etik Perseroan                                   6. Company Code of Conduct and Code of Ethics
7. Pedoman Dewan                                                              7. Board Manual
8. Sistem Pelaporan Pelanggaran                                               8. Violation Reporting System (Whistleblowing System)
9. Standar Prosedur Operasional                                               9. Standard Operating Procedures


Penyempurnaan dan penguatan soft-structure GCG pada tahun                     The refinement and strengthening of GCG soft-structure in 2025
2025 dilakukan pada kebijakan terkait otorisasi persetujuan                   were carried out on the policies related to the authorization of
transaksi keuangan dan proses pengadaan barang dan jasa. Selain               approval of financial transactions and procurement processes of
itu tidak ada perubahan yang bersifat signifikan.                             goods and services. Aside from that, there were no significant
                                                                              changes.




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         Kilas Kinerja          Laporan Manajemen           Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights      Management Report           Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      STRUKTUR GCG                                                               GCG STRUCTURE
      Berdasarkan Undang-Undang No. 40 Tahun 2007 tentang                        Based on Law No. 40 of Year 2007 on Limited Liability Companies
      Perseroan Terbatas (UU PT), struktur GCG di Perseroan terdiri              (UU PT), the GCG structure in the Company consists of the
      dari Rapat Umum Pemegang Saham, Dewan Komisaris, dan                       General Meeting of Shareholders, the Board of Commissioners
      Direksi. Dalam menjalankan tugas pengurusan Perseroan terkait              and the Board of Directors. In carrying out the duties of the
      implementasi GCG di lingkungan Perseroan, Direksi dibantu oleh             Company’s management related to GCG implementation within
      satuan kerja yang membantu Direksi seperti Sekretaris Perseroan            the Company, the Board of Directors is assisted by work units,
      dan Unit Internal Audit.                                                   such as the Corporate Secretary and the Internal Audit Unit.


      Sementara itu, pelaksanaan fungsi pengawasan Dewan Komisaris               Meanwhile, the implementation of the Board of Commissioners’
      dibantu oleh komite-komite pendukung di bawahnya, yaitu                    supervisory function is assisted by its supporting subordinate
      Komite Audit, serta Komite Nominasi dan Remunerasi.                        committees, namely the Audit Committee as well as the
                                                                                 Nomination and Remuneration Committee.

      Penerapan atas Pedoman Tata Kelola Perseroan Terbuka
      Implementation of Corporate Governance of Public Companies
                 Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham Dalam Menjamin Hak-Hak Pemegang Saham
                    Aspect 1: Relationship Between Public Companies and Shareholders in Ensuring the Rights of Shareholders
                               Prinsip I: Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
                               Principle I: Increasing the Value of Holding the General Meeting of Shareholders (GMS)
                     Rekomendasi                            Tanggapan                                Alasan                      Keterangan
                   Recommendation                            Response                                Reason                       Remarks
       Perusahaan Terbuka memiliki cara atau          Perseroan telah memiliki    Ketentuan       tersebut    dicantumkan
       prosedur teknis pengumpulan suara              ketentuan      mengenai     dalam Anggaran Dasar Perseroan yang
       (voting) baik secara terbuka maupun            pengumpulan suara dalam     ditetapkan tanggal 13 Oktober 2015, pasal
       tertutup     yang     mengedepankan            RUPS.                       11 mengenai Tata Tertib, Kuorum, Hak
       independensi,     dan    kepentingan           The Company retains the     Suara, dan Keputusan RUPS. Ketentuan
       pemegang saham.                                provisions on voting in     tersebut telah diimplementasikan dalam
       A Public Company has means                     the GMS.                    RUPS tahun 2025.
       or procedures in voting,      wether                                       The provisions are contained in the
       open or closed, that puts forward                                          Company      Articles    of  Association,
       independency and the interests of the                                      established on 13 October 2015, article 11
       shareholders.                                                              regarding the Code of Conduct, Quorum,
                                                                                  Voting Rights, and GMS Resolutions. The
                                                                                  provisions have been implemented in the
                                                                                  2025 GMS.




146      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                    www.bakrieland.com
Page 149
                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                       Laporan Tata Kelola Perusahaan
                                                                                                            Report on Corporate Governance




              Rekomendasi                        Tanggapan                                 Alasan                          Keterangan
            Recommendation                        Response                                 Reason                           Remarks
 Seluruh anggota Direksi dan anggota      Seluruh     Direksi   dan     Ketentuan mengenai kehadiran Dewan           Halaman [**]
 Dewan Komisaris Perusahaan Terbuka       Dewan Komisaris hadir         Komisaris dan Direksi dalam RUPS, diatur    (Rapat Umum
 hadir dalam RUPST.                       dalam RUPST tahun 2025.       dalam Anggaran Dasar Perseroan yang Pemegang Saham)
 All members of the Board of Directors    The entire Board of           ditetapkan tanggal 13 Oktober 2015.           Page [**]
 and members of the Board of              Directors and the Board of    Ketentuan tersebut diimplementasikan (General Meeting
 Commissioners of a Public Company        Commissioners attended        pada RUPST tahun 2025, di mana             of Shareholders)
 attend the Annual GMS.                   the Annual GMS in 2025.       kehadiran Dewan Komisaris dan Direksi
                                                                        dicantumkan dalam Berita Acara RUPST
                                                                        tahun 2025.
                                                                        Provisions on the attendance of the
                                                                        Board of Commissioners and the Board of
                                                                        Directors in the GMS, are regulated in the
                                                                        Articles of Association of the Company,
                                                                        established on 13 October 2015. These
                                                                        provisions were implemented in the 2025
                                                                        Annual GMS, whereby the attendance
                                                                        of the Board of Commissioners and the
                                                                        Board of Directors was stated in the
                                                                        Minutes of Meeting of the 2025 Annual
                                                                        GMS.
              Rekomendasi                        Tanggapan                                 Alasan                          Keterangan
            Recommendation                        Response                                 Reason                           Remarks
 Ringkasan risalah RUPS tersedia dalam    Ringkasan risalah RUPS •           Ketentuan     mengenai       informasi        Halaman [**]
 situs website Perseroan Terbuka paling   telah tersedia dalam situs         ringkasan risalah RUPS dalam situs              (Informasi
 sedikit selama 1 (satu) tahun.           website Perseroan www.             website Perseroan telah diatur dalam          situs website
 Summary of the GMS Minutes of            bakrieland.com      selama         Kebijakan Situs Website Perseroan              Perseroan)
 Meeting is available on the website of   minimal 3 (tiga) tahun.            yang disahkan dalam SK Direksi No.              Page [**]
 a Public Company for at least a period   A summary of the GMS               006/DIRPerseroan                              (Information
 of 1 (one) year.                         Minutes      of    Meeting •       SKD/V/2017,       yang      mengatur          on Company
                                          is available on the                mengenai masa penyimpanan isi                    website)
                                          Company’s website www.             website.
                                          bakrieland.com, for at •           Provisions on information regarding
                                          least 3 (three) years.             the summary of the GMS Minutes of
                                                                             Meeting on the Company’s website
                                                                             are regulated in the Company’s
                                                                             Website Policy ratified in the Decree
                                                                             of the Board of Directors No. 006/
                                                                             DIRPerseroan
                                                                        •    SKD/V/2017 regulates the shelf life
                                                                             of the website content.




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         Kilas Kinerja          Laporan Manajemen           Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights      Management Report           Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                               Prinsip II: Meningkatkan Kualitas Komunikasi Dengan Pemegang Saham Atau Investor
                               Principle II: Improving the Quality of communication with the Shareholders or Investors
                     Rekomendasi                             Tanggapan                              Alasan                    Keterangan
                   Recommendation                             Response                              Reason                     Remarks
      Perusahaan Terbuka memiliki suatu               Perseroan telah memiliki    Kebijakan komunikasi dengan pemegang -
      kebijakan     komunikasi      dengan            kebijakan      komunikasi   saham atau investor diatur dalam SK
      pemegang saham atau investor.                   dengan pemegang saham       Direksi tentang Kebijakan Komunikasi
      A      Public     Company      retains          atau investor.              dengan Para Pemegang Saham Perseroan,
      communication        policies     with          The Company retains a       yang disahkan dalam SK Direksi No. 125/
      shareholders or investors.                      policy on communication     SK/DIR-BLD/VII/08 tentang Kebijakan
                                                      with shareholders or        Komunikasi dengan Para Pemegang
                                                      investors.                  Saham
                                                                                  The policy on communication with
                                                                                  shareholders or investors is regulated
                                                                                  in the Decree of the Board of Directors
                                                                                  No.      125/SK/DIR-BLD/VII/08       on
                                                                                  Communication Policy with Shareholders.
      Perusahaan Terbuka Mengungkapkan                Perseroan           telah   Di dalam situs website Perseroan           Halaman [**]
      kebijakan    komunikasi      Perseroan          mencantumkan kebijakan      diungkapkan adanya Kebijakan Komunikasi      (Informasi
      Terbuka dengan pemegang saham atau              Komunikasi    Perseroan     dengan Pemegang Saham, Pedoman             situs website
      investor dalam situs website Perseroan.         dengan pemegang saham       Dewan, dan Pedoman Perilaku yang            Perseroan)
      A Public Company discloses the                  di dalam situs website      mengatur mengenai adanya mekanisme           Page [**]
      Company      Communication       Policy         Perseroan.                  komunikasi Perseroan dengan pemegang       (information
      with shareholders or investors on the           The            Company      saham, di mana Perseroan mengangkat        on Company
      company website.                                states the Company          Sekretaris Perseroan yang bertugas            website)
                                                      Communication      Policy   sebagai pejabat penghubung antara
                                                      with Shareholders on the    Perseroan dan organ Perseroan serta
                                                      Company website.            stakeholders.
                                                                                  On the Company website, disclosure
                                                                                  includes a Communication Policy with
                                                                                  Shareholders, a Board Manual, and a
                                                                                  Code of Conduct that regulate the
                                                                                  Company’s communication mechanism
                                                                                  with shareholders, whereby the Company
                                                                                  appoints the Corporate Secretary
                                                                                  assigned as the liaison officer between
                                                                                  the Company and Company organs as
                                                                                  well as stakeholders.




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                                                                                 Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                               Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                               Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                          Laporan Tata Kelola Perusahaan
                                                                                                               Report on Corporate Governance




                                               Aspek 2: Fungsi dan Peran Dewan Komisaris
                                        Aspect 2: Function and Role of the Board of Commissioners
                                                    Aspek 3: Fungsi dan Peran Direksi
                                           Aspect 3: Function and Role of the Board of Directors
                       Prinsip III dan V: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris dan Direksi
   Principle III and V: Strengthening the Membership and Composition of the Board of Commissioners and the Board of Directors
              Rekomendasi                           Tanggapan                                 Alasan                          Keterangan
            Recommendation                           Response                                 Reason                           Remarks
 Penentuan jumlah anggota Dewan Perseroan telah memiliki                Ketentuan tersebut tercantum di dalam:                Halaman [**]
 Komisaris mempertimbangkan kondisi ketentuan mengenai:                 • Anggaran Dasar Perseroan yang                        (Komposisi
 Perseroan Terbuka                    • Jumlah          anggota           disahkan pada 13 Oktober 2015;                    Dewan Komisaris)
 Determine the number of members        Dewan         Komisaris         • Panduan Pelaksanaan GCG, yang                         Page [**]
 of the Board of Commissioners taking   dan     Direksi    yang           mengatur mengenai jumlah, komposisi,               (Composition
 into consideration the conditions of   mempertimbangkan                  kriteria, tugas, tanggung jawab, dan               of the Board of
 the Public Company                     kondisi Perseroan.                rapat Dewan Komisaris dan Direksi,                Commissioners)
                                      • Komposisi       anggota           yang disahkan dalam SK Direksi dan
                                        Dewan         Komisaris           Dewan Komisaris No. 003/Dir-Kom/
                                        dan     Direksi    yang           Perseroan/ SK/IX/2011;
                                        memperhatikan                   • Pedoman Dewan (Board Manual), yang
                                        keberagaman keahlian,             mengatur        persyaratan,keanggotaan,
                                        pengetahuan,        dan           komposisi, tugas, wewenang, hak,
                                        pengalaman         yang           tanggung jawab, pengaturan rapat,
                                        dibutuhkan.                       dan masa jabatan Dewan Komisaris
                                                                          dan Direksi, yang disahakan dalam SK
                                            The Company retains the       Direksi dan Dewan Komisaris No. 001/
                                            policy on the following:      KOM-DIRPERSEROAN/SK/I/2016
                                            • Number of members
                                              of the Board of The provisions are contained in the
                                              Commissioners and the following:
                                              Board of Directors with • Company Articles of Association,
                                              consideration of the        ratified on 13 October 2015;
                                              Company’s condition.      • GCG Implementation Guidelines that
                                            • Composition            of   regulate the number, composition,
                                              members of the Board        criteria,    duty,    authority,    rights,
                                              of Commissioners and        responsibility, meeting setup, and term
                                              the Board of Directors      of office of the Board of Commissioners
                                              with       consideration    and the Board of Directors, ratified in the
                                              of the diversity of         Decree of the Board of Commissioners
                                              skills, knowledge, and      and the Board of Directors No. 003/Dir-
                                              experience required.        Kom/Perseroan/ SK/IX/2011;
                                                                        • Board       Manual      that     regulates
                                                                          the       requirement,       membership,
                                                                          composition, duty, authority, rights,
                                                                          responsibility, meeting set up and term
                                                                          of office of the Board of Commissioners
                                                                          and the Board of Directors, ratified in
                                                                          the Decree of the Board of Directors
                                                                          and the Board of Commissioners No.
                                                                          001/KOM-DIRPERSEROAN/SK/I/2016




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan       Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile         Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                     Rekomendasi                      Tanggapan                           Alasan          Keterangan
                   Recommendation                      Response                           Reason           Remarks
      Penentuan jumlah anggota Direksi Telah dipenuhi
      mempertimbangkan kondisi Perseroan Fulfilled
      Terbuka.
      Determine the number of members
      of the Board of Directors with
      consideration of the conditiona of the
      Public Company.
      Penentuan       komposisi      anggota Telah dipenuhi
      Dewan Komisaris memperhatikan Fulfilled
      keberagaman keahlian, pengetahuan,
      dan pengalaman yang dibutuhkan.
      Determine        the        composition
      of members of the Board of
      Commissioners with consideration of
      the diversity in skills, knowledge and
      experience required.
      Penentuan komposisi anggota Direksi Telah dipenuhi
      memperhatikan keberagaman keahlian, Fulfilled
      pengetahuan, dan pengalaman yang
      dibutuhkan.
      Determine     the   composition   of
      members of the Board of Directors
      with consideration of the diversity
      in skills, knowledge, and experience
      required.
      Anggota Direksi yang membawahi Telah dipenuhi
      bidang akuntansi atau keuangan Fulfilled
      memiliki      keahlian       dan/atau
      pengetahuan di bidang akuntansi.
      Members of the Board of Directors
      who oversee the accounting or finance
      department have the expertise and/or
      knowledge in the accounting field.




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                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                       Laporan Tata Kelola Perusahaan
                                                                                                            Report on Corporate Governance




          Prinsip IV dan VI: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris dan Direksi
 Principle IV and VI: Improving the Quality of the Implementation of Duties and Responsibilities of the Board of Commissioners and
                                                        the Board of Directors
              Rekomendasi                        Tanggapan                                 Alasan                          Keterangan
            Recommendation                        Response                                 Reason                           Remarks
 Dewan Komisaris mempunyai kebijakan      Dalam pelaksanaannya, • Ketentuan tersebut tercantum dalam
 penilaian sendiri (self-assessment)      penilaian kinerja Dewan     Pedoman Dewan (Board Manual)
 untuk menilai kinerja Dewan Komisaris.   Komisaris       Perseroan   yang disahkan dalam SK Direksi dan
 The Board of Commissioners retains       dilakukan oleh Pemegang     Komisaris PT Bakrieland Development
 the policy on self-assessment to         Saham     dalam     Rapat   Tbk No. 001/ KOM- DIR-PERSEROAN/
 evaluate the performance of the Board    Umum Pemegang Saham.        SK/I/2016 tentang Pengesahan Board
 of Commissioners.                        In its implementation,      Manual.
                                          the          performance • Terdapat SK Dewan Komisaris No.
                                          assessment of the Board     198/ KOM-BLD/SK/XII/09 tentang Tata
                                          of Commissioners of the     Cara Evaluasi Kinerja Direksi, Dewan
                                          Company is conducted        Komisaris dan Komite di bawah Dewan
                                          by the Shareholders in      Komisaris.
                                          the General Meeting of • Pedoman tersebut menjelaskan bahwa
                                          Shareholders..              penilaian Kinerja Dewan Komisaris
                                                                      dilakukan oleh Pemegang Saham
                                                                      dalam Rapat Umum Pemegang Saham
                                                                      Tahunan (RUPST), dengan berdasarkan
                                                                      ukuran KPI yang berdasarkan fungsi,
                                                                      tugas,     dan    tanggung    jawabnya
                                                                      sebagaimana yang tercantum dalam
                                                                      Anggaran Dasar Perseroan.
                                                                    • Provisions are contained in the Board
                                                                      of Manual, ratified by the Decree of
                                                                      the Board of Directors and the Board
                                                                      of Commissioners of PT Bakrieland
                                                                      Development Tbk No. 001/ KOM- DIR-
                                                                      PERSEROAN/SK/I/2016 regarding the
                                                                      Ratification of the Board Manual.
                                                                    • The Board of Commissioners Decree
                                                                      No. 198/ KOM-BLD/SK/XII/09 regarding
                                                                      Performance Assessment Procedures
                                                                      of the Board of Directors, the Board of
                                                                      Commissioners, and the Committees
                                                                      under the Board of Commissioners.
                                                                    • The guidelines explain that the
                                                                      Performance Assessment of the Board
                                                                      of Commissioners is carried out by the
                                                                      Shareholders at the Annual General
                                                                      Meeting of Shareholders (AGMS), based
                                                                      on the KPI measurements that refer to
                                                                      the function, duty, and responsibility as
                                                                      mentioned in the Company Articles of
                                                                      Association.




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         Kilas Kinerja         Laporan Manajemen           Profil Perusahaan          Unit Pendukung Bisnis
      Performance Highlights    Management Report            Company Profile            Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                     Rekomendasi                           Tanggapan                              Alasan                      Keterangan
                   Recommendation                           Response                              Reason                       Remarks
      Kebijakan penilaian sendiri (self-            Dalam pelaksanaannya, • Ketentuan tersebut tercantum dalam
      assessment) untuk menilai kinerja             penilaian kinerja Komisaris   Pedoman Dewan (Board Manual)
      Dewan Komisaris diungkapkan melalui           Perseroan dilakukan oleh      yang disahkan dalam SK Direksi dan
      Laporan Tahunan Perseroan Terbuka.            Pemegang Saham dalam          Komisaris PT Bakrieland Development
      The policy on self-assessment to              Rapat Umum Pemegang           Tbk No. 001/ KOM-DIRPERSEROAN/
      evaluate the performance of the Board         Saham.                        SK/I/2016 tentang Pengesahan Board
      of Commissioners is disclosed in the          In its implementation, the    Manual.
      Annual Report of the Public Company.          performance assessment • Terdapat SK Dewan Komisaris No.
                                                    of the Company’s Board of     198/ KOM-BLD/SK/XII/09 tentang Tata
                                                    Commissioners is carried      Cara Evaluasi Kinerja Direksi, Dewan
                                                    out by the Shareholders       Komisaris dan Komite di bawah Dewan
                                                    at the General Meeting of     Komisaris.
                                                    Shareholders.               • Pedoman tersebut menjelaskan bahwa
                                                                                  penilaian Kinerja Direksi dilakukan
                                                                                  oleh Pemegang Saham dalam RUPST,
                                                                                  dengan berdasarkan ukuran KPI yang
                                                                                  berdasarkan fungsi, tugas, dan tanggung
                                                                                  jawabnya sebagaimana yang tercantum
                                                                                  dalam Anggaran Dasar Perseroan.
                                                                                • Provisionsare contained in the Board
                                                                                  Manual, ratified under the Decree of
                                                                                  the Board of Directors and the Board
                                                                                  of Commissioners of PT Bakrieland
                                                                                  Development Tbk No. 001/ KOM-
                                                                                  DIRPERSEROAN/SK/I/2016 regarding
                                                                                  the Ratification of the Board Manual.
                                                                                • Decree of the Board of the Board of
                                                                                  Commissioners No. 198/ KOM-BLD/SK/
                                                                                  XII/09 on the Performance Assessment
                                                                                  Procedures of the Board of Directors,
                                                                                  the Board of Commissioners, and
                                                                                  the Committees under the Board of
                                                                                  Commissioners
                                                                                • The Manual explains that performance
                                                                                  assessment of the Board of Directors
                                                                                  is conducted by the Shareholders
                                                                                  at the Annual GMS based on KPI
                                                                                  measurements, which refer to the
                                                                                  function, duty, and responsibility as
                                                                                  stated in the Company Articles of
                                                                                  Association.




152      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                 www.bakrieland.com
Page 155
                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                             Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                             Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




              Rekomendasi                         Tanggapan                                 Alasan                          Keterangan
            Recommendation                         Response                                 Reason                           Remarks
 Kebijakan penilaian sendiri (self-        Perseroan            telah    Kebijakan mengenai penilaian kinerja
 assessment) untuk menilai kinerja         m e l a k s a n a k a n       Dewan Komisaris dicantumkan dalam
 Dewan Komisaris diungkapkan melalui       pengungkapan           atas   Pedoman Dewan (Board Manual) yang
 Laporan Tahunan Perseroan Terbuka.        kebijakan         penilaian   telah diungkapkan dalam Laporan Tahunan
 The policy on self-assessment to          kinerja Dewan Komisaris       Perseroan setiap tahun.
 evaluate the performance of the Board     dalam Laporan Tahunan         The policy on the performance assessment
 of Commissioners is disclosed through     Perseroan                     of the Board of Commissioners is stated
 the Annual Report of the Public           The Company discloses         in the Board Manual as disclosed in the
 Company.                                  its policy on performance     Company’s Annual Report every year.
                                           assessment of the Board
                                           of Commissioners in
                                           the Company’s Annual
                                           Report.
 Kebijakan penilaian sendiri (self-        Perseroan             telah   Kebijakan mengenai penilaian kinerja               Halaman [**]
 assessment) untuk menilai kinerja         m e l a k s a n a k a n       Direksi dicantumkan dalam Pedoman                (Kriteria Penilaian
 Direksi diungkapkan melalui Laporan       pengungkapan           atas   Dewan (Board Manual) yang telah                        Kinerja)
 Tahunan Perseroan Terbuka.                kebijakan penilaian kinerja   diungkapkan dalam Laporan Tahunan                     Page [**]
 The policy on self-assessment to          Direksi dalam Laporan         Perseroan setiap tahun.                              (Criteria in
 evaluate the performance of the Board     Tahunan Perseroan.            The policy on the performance                      Performance
 of Directors is disclosed in the Annual   The Company discloses         assessment of the Board of Directors is            Assessment)
 Report of the Public Company.             its   policy     on     the   stated in the Board Manual as disclosed in
                                           performance assessment        the Company’s Annual Report every year.
                                           of the Board of Directors
                                           in the Company’s Annual
                                           Report.
 Dewan Komisaris mempunyai kebijakan       Perseroan telah memiliki      Kebijakan mengenai pengunduran diri
 terkait pengunduran diri anggota          kebijakan      mengenai       Dewan Komisaris diatur dalam Pedoman
 Dewan Komisaris apabila terlibat dalam    pengunduran diri Dewan        Dewan (Board Manual) yang disahkan
 kejahatan keuangan.                       Komisaris.                    dalam SK Direksi dan Komisaris PT
 The Board of Commissioners retains        The Company retains           Bakrieland Development Tbk No. 001/
 the policy related to the resignation     the    policy   on   the      KOM-DIRPERSEROAN/SK/I/2016 tentang
 of members of the Board of                resignation of the Board      Pengesahan Board Manual.
 Commissioners if involved in financial    of Commissioners.             The policy on the resignation of the
 crime.                                                                  Board of Commissioners is regulated in
                                                                         the Board Manual, ratified in the Decree
                                                                         of the Board of Directors and the Board
                                                                         of Commissioners of PT Bakrieland
                                                                         Development       Tbk    No.   001/KOM-
                                                                         DIRPERSEROAN/SK/I/2016 regarding the
                                                                         Ratification of the Board Manual.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan             Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile               Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                     Rekomendasi                      Tanggapan                                 Alasan                      Keterangan
                   Recommendation                      Response                                 Reason                       Remarks
      Direksi mempunyai kebijakan terkait Perseroan telah memiliki            Kebijakan mengenai pengunduran diri           Halaman [**]
      pengunduran diri anggota Direksi kebijakan           mengenai           Direksi diatur dalam Pedoman Dewan           (Pedoman Tata
      apabila terlibat dalam kejahatan pengunduran diri Direksi.              (Board Manual) yang disahkan dalam             Tertib Kerja
      keuangan.                                                               SK Direksi dan Komisaris PT Bakrieland           Direksi)
                                             The Company retains the          Development       Tbk    No.001/KOMDIR-        Page [**]
      The Board of Directors retains the policy on the resignation            PERSEROAN/SK/I/2016               tentang   (Work Procedure
      policy related to the resignation of of the Board of Directors.         Pengesahan Board Manual.                      Guidelines of
      members of the Board of Directors if                                    The policy on the resignation of the          the Board of
      the concerned is involved in financial                                  Board of Directors is regulated in the          Directors)
      crime.                                                                  Board Manual, ratified in the Decree of
                                                                              the Board of Directors and the Board
                                                                              of Commissioners of PT Bakrieland
                                                                              Development       Tbk    No.   001/KOM-
                                                                              DIRPERSEROAN/SK/I/2016 regarding the
                                                                              Ratification of the Board Manual.




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                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                             Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                             Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




              Rekomendasi                         Tanggapan                                 Alasan                          Keterangan
            Recommendation                         Response                                 Reason                           Remarks
 Dewan Komisaris atau Komite yang          Perseroan telah memiliki • Kebijakan mengenai proses nominasi                     Halaman [**]
 menjalankan fungsi Nominasi dan           kebijakan yang mengatur     anggota Direksi diatur dalam Piagam                (Komite Nominasi
 Remunerasi     menyusun      kebijakan    tentang proses nominasi     Komite Nominasi dan Remunerasi yang                 dan Remunerasi)
 suksesi dalam proses Nominasi             anggota Direksi.            ditetapkan tanggal 5 Juni 2015 dan
 anggota Direksi                                                       dalam SK Dewan Komisaris No.001/                      Page [**]
 The Board of Commissioners or             The Company retains the     KOM-PERSEROAN/SKDK/I/2017                           (Nomination &
 that Committee that carries out           policy that regulates the   tentang        Perubahan       Susunan              Remuneration
 the Nomination and Remuneration           nomination process of       Keanggotaan Komite Nominasi dan                      Commitee)
 function prepares the succession policy   members of the Board of     Remunerasi. Di dalam Pedoman Dewan
 within the process of Nomination and      Directors.                  (Board Manual) yang disahkan dalam
 Remuneration of members of the                                        SK Direksi dan Komisaris PT Bakrieland
 Board of Directors.                                                   Development Tbk No. 001/KOMDIR-
                                                                       PERSEROAN/        SK/I/2016     tentang
                                                                       Pengesahan
                                                                     • Board Manual, dinyatakan bahwa
                                                                       Dewan Komisaris dan Direksi memiliki
                                                                       komitmen yang tinggi untuk secara
                                                                       bersama-sama             merealisasikan
                                                                       kelangsungan usaha Perseroan dalam
                                                                       jangka panjang yang tercermin pada
                                                                       terlaksananya suksesi kepemimpinan
                                                                       dan kontinuitas manajemen di jajaran
                                                                       organisasi Perseroan.
                                                                     • The policy on the nomination process
                                                                       of members of the Board of Directors
                                                                       is regulated in the Nomination and
                                                                       Remuneration Committee Charter
                                                                       validated on 5 June 2015 and the Decree
                                                                       of the Board of Commissioners No.001/
                                                                       KOM-PERSEROAN/SKDK/I/2017            on
                                                                       the Change in the Composition of the
                                                                       Membership of the Nomination and
                                                                       Remuneration Committee.
                                                                     • The Board Manual states that the Board
                                                                       of Commissioners and the Board of
                                                                       Directors have a high commitment
                                                                       to jointly actualize the Company’s
                                                                       business continuity in the long run
                                                                       that reflects the implementation of
                                                                       leadership succession and management
                                                                       continuity throughout the Company’s
                                                                       organization.




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         Kilas Kinerja           Laporan Manajemen           Profil Perusahaan              Unit Pendukung Bisnis
      Performance Highlights       Management Report           Company Profile                Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                                                         Aspek 4: Partisipasi Pemangku Kepentingan
                                                           Aspect 4: Participation of Stakeholders
                          Prinsip VII: Meningkatkan Aspek Tata Kelola Perseroan Melalui Partisipasi Pemangku Kepentingan
                          Principle VII: Improving the Corporate Governance Aspect Through the Participation of Stakeholders
                     Rekomendasi                             Tanggapan                                  Alasan                       Keterangan
                   Recommendation                             Response                                  Reason                        Remarks
      Perusahaan Terbuka memiliki kebijakan            Perseroan telah memiliki Kebijakan tersebut dicantumkan dalam:
      untuk mencegah terjadinya insider                kebijakan             untuk • Panduan Pelaksanaan GCG, yang
      trading.                                         mencegah         terjadinya   disahkan dalam SK Direksi dan Dewan
      A Public Company retains the policy              insider trading.              Komisaris No. 003/Dir-Kom/Perseroan/
      to prevent the occurrence of insider             The Company retains           SK/IX/2011     tentang   Pengesahan
      trading.                                         the policy to prevent the     Panduan Pelaksanaan GCG, yang
                                                       occurrence    of    insider     menyatakan        bahwa     Perseroan
                                                       trading.                        berkomitmen untuk menyebarluaskan
                                                                                       larangan transaksi efek oleh orang
                                                                                       dalam (insider trading).
                                                                                     • Pedoman Perilaku (Code of Conduct)
                                                                                       menyatakan bahwa karyawan dilarang
                                                                                       terlibat dalam perdagangan surat-
                                                                                       surat berharga Perseroan bila memiliki
                                                                                       informasi dari dalam Perseroan yang
                                                                                       sifatnya material dan bukan bersifat
                                                                                       umum.


                                                                                     The policy is contained in the following:
                                                                                     • GCG       Implementation      Guidelines,
                                                                                       ratified in the Decree of the
                                                                                       Board of Directors and the Board
                                                                                       of      Commissioners       No.     003/
                                                                                       Dir-Kom/Perseroan/            SK/IX/2011
                                                                                       on the Ratification of the GCG
                                                                                       Implementation Guidelines, which
                                                                                       states that the Company is committed
                                                                                       to disseminating the prohibition of
                                                                                       securities transactions by insiders
                                                                                       (insider trading)
                                                                                     • The Code of Conduct states that the
                                                                                       employees are prohibited from getting
                                                                                       involved in the trading of securities
                                                                                       of the Company if in possession of
                                                                                       information from within the company
                                                                                       that is material and not general in
                                                                                       nature.




156      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                        www.bakrieland.com
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                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




                                                                                      Laporan Tata Kelola Perusahaan
                                                                                                           Report on Corporate Governance




              Rekomendasi                       Tanggapan                                 Alasan                          Keterangan
            Recommendation                       Response                                 Reason                           Remarks
 Perusahaan Terbuka memiliki kebijakan   Perseroan telah memiliki      Di dalam Pedoman Perilaku (Code of
 anti-korupsi dan antifraud.             kebijakan anti-korupsi dan    Conduct), dalam hal hubungan karyawan
 A Public Company retains the policies   anti-fraud.                   dengan pemasok, untuk semua jenis
 on anti-corruption and anti-fraud.      The Company retains           potongan     harga/diskon/komisi   yang
                                         the policies on anti-         diberikan oleh rekanan Perseroan, baik
                                         corruption and anti-fraud.    yang tercatat atas nama Karyawan
                                                                       maupun Perseroan harus dibukukan
                                                                       sebagai keuntungan Perseroan dan
                                                                       bukan keuntungan pribadi Karyawan
                                                                       yang bersangkutan. Selain itu, Karyawan
                                                                       perlu melakukan kegiatan konsultasi dan
                                                                       lobi dengan Rekanan/Pemasok dengan
                                                                       mengacu kepada prinsip dan kriteria yang
                                                                       objektif, bukan lobi untuk kepentingan
                                                                       pribadi Karyawan.


                                                                       Karyawan Perseroan dilarang meminta
                                                                       atau menerima kompensasi finansial dan
                                                                       non finansial untuk kepentingan pribadi
                                                                       dengan dalih “ucapan terima kasih” dari
                                                                       pihak Rekanan dan Pemasok. Dalam hal
                                                                       kebijakan anti fraud, Perseroan memiliki
                                                                       kebijakan Sistem Pelaporan Pelanggaran
                                                                       (Whistleblowing    System/WBS)     yang
                                                                       mengatur Mekanisme pengungkapan
                                                                       tindakan pelanggaran atau perbuatan
                                                                       melanggar hukum perbuatan tidak etis/
                                                                       tidak bermoral atau perbuatan lain yang
                                                                       dapat merugikan organisasi maupun
                                                                       pemangku kepentingan.




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         Kilas Kinerja         Laporan Manajemen           Profil Perusahaan              Unit Pendukung Bisnis
      Performance Highlights    Management Report            Company Profile                Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                     Rekomendasi                           Tanggapan                                  Alasan                         Keterangan
                   Recommendation                           Response                                  Reason                          Remarks
                                                                                   In the Code of Conduct, with regard to
                                                                                   employees relationships with suppliers, all
                                                                                   types of discounts/rebates/ commissions
                                                                                   given by the Company’s partners, whether
                                                                                   recorded in the name of the employee or
                                                                                   the Company, must be recorded as the
                                                                                   Company’s profit and not the personal
                                                                                   profit of the concerned employee.


                                                                                   Company employees are prohibited
                                                                                   from requesting or receiving financial
                                                                                   and non-financial compensation for
                                                                                   personal interests under the pretext of
                                                                                   «thank you» from partners or suppliers. In
                                                                                   terms of anti-fraud policy, the Company
                                                                                   retains the Whistleblowing System (WBS)
                                                                                   policy that regulates the mechanism for
                                                                                   disclosing violations or acts of violating
                                                                                   the law, unethical/immoral acts, or other
                                                                                   actions that may harm the organization or
                                                                                   stakeholders.
      Perusahaan Terbuka memiliki kebijakan         Perseroan telah memiliki       Ketentuan mengenai pemasok diatur
      tentang seleksi dan peningkatan               kebijakan          tentang     dalam kebijakan pengadaan barang dan/
      kemampuan pemasok atau vendor.                seleksi dan peningkatan        atau jasa yang disahkan dalam SK Direksi
      A Public Company retains the policy           kemampuan         pemasok      No.001/DIR-PERSEROAN/SKD/I/2025
      on the selection and improvement of           atau vendor.                   tentang Pengesahan Kebijakan Pengadaan
      capabilities of suppliers or vendors.         The Company retains the        Barang dan/atau Jasa. Kebijakan mengenai
                                                    policy on the selection        hal tersebut diatur dalam Panduan
                                                    and improvement of             Pelaksanaan GCG, yang disahkan dalam
                                                    capabilities of suppliers or   SK Direksi dan Dewan Komisaris No. 003/
                                                    vendors.                       Dir-Kom/Perseroan/SK/IX/2011 tentang
                                                                                   Pengesahan Panduan Pelaksanaan GCG.


                                                                                   Provisions concerning suppliers are
                                                                                   regulated in the policy on the procurement
                                                                                   of goods and/or services, ratified in
                                                                                   the Decree of the Board of Directors
                                                                                   No.    001/DIR-PERSEROAN/SKD/I/2025
                                                                                   on the Ratification of the Policy on the
                                                                                   Procurement of Goods and/or Services.
                                                                                   The policy on this matter is regulated in the
                                                                                   GCG Implementation Guidelines, ratified
                                                                                   in the Decree of the Board of Directors
                                                                                   and the Board of Commissioners No. 003/
                                                                                   Dir-Kom/Perseroan/SK/IX/2011 regarding
                                                                                   the Ratification of GCG Implementation
                                                                                   Guidelines.




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                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                       Laporan Tata Kelola Perusahaan
                                                                                                            Report on Corporate Governance




              Rekomendasi                        Tanggapan                                 Alasan                          Keterangan
            Recommendation                        Response                                 Reason                           Remarks
 Perusahaan Terbuka memiliki kebijakan    Perseroan telah memiliki      Kebijakan mengenai hal tersebut diatur
 tentang pemenuhan hak-hak kreditur.      kebijakan        mengenai     dalam Panduan Pelaksanaan GCG, yang
 A Public Company retains the policy on   pemenuhan hak kreditur.       disahkan dalam SK Direksi dan Dewan
 fulfilling the rights of creditors.      The Company retains the       Komisaris No. 003/Dir-Kom/Perseroan/
                                          policy on fulfilling the      SK/IX/2011 tentang Pengesahan Panduan
                                          rights of creditors.          Pelaksanaan GCG.
                                                                        The policy on this matter is regulated
                                                                        in the GCG Implementation Guidelines,
                                                                        ratified in the Decree of the Board of
                                                                        Directors and the Board of Commissioners
                                                                        No. 003/Dir-Kom/Perseroan/SK/IX/2011
                                                                        regarding the Ratification of the GCG
                                                                        Implementation Guidelines.
 Perusahaan Terbuka memiliki kebijakan    Perseroan telah memiliki      Kebijakan mengenai sistem pelaporan                 Halaman [**]
 sistem pelaporan pelanggaran.            kebijakan         sistem      pelanggaran disahkan dalam SK Direksi            (Sistem Pelaporan
 A Public Company retains the policy      pelaporan pelanggaran.        No.    118/SK/Dir-BLD/VIII/09   tentang             Pelanggaran
 on the violation reporting system.       The Company retains the       Pembentukan dan Penunjukan Tim Khusus                Page [**]
                                          policy on the violation       Pengelola Pelaporan Pelanggaran (TKPP)/               (Violation
                                          reporting system.             WBS.                                             Reporting System
                                                                        The policy on the violation reporting                  / WBS)
                                                                        system was ratified in the Decree of the
                                                                        Board of Directors No. 118/SK/Dir-BLD/
                                                                        VIII/09 regarding the Establishment and
                                                                        Appointment of the Special Team for the
                                                                        Management of Violation Reporting/WBS
                                                                        (TKPP).
 Perusahaan Terbuka memiliki kebijakan    Perseroan telah memiliki      Kebijakan mengenai pemberian insentif              Halaman [**]
 pemberian insentif jangka panjang        kebijakan         tentang     jangka panjang diatur dalam Peraturan               (Kebijakan
 kepada Direksi dan karyawan.             pemberian insentif jangka     Perseroan tentang jaminan sosial dan               Remunerasi
 A Public Company retains the policy on   panjang.                      kesejahteraan karyawan, termasuk di              Dewan Komisaris
 providing long-term incentive to the     The Company retains the       dalamnya Jaminan Hari Tua. Selain itu,             dan Direksi)
 Board of Directors and employees.        policy on providing long-     Perseroan juga berkomitmen untuk                     Page [**]
                                          term incentive.               memberikan penghargaan atas dedikasi                 (Policy on
                                                                        karyawan yang telah bekerja pada setiap           Remuneration
                                                                        masa bakti tertentu, yang diatur dalam            of the Board of
                                                                        Peraturan Perseroan.                              commissioners
                                                                        This policy on providing long-term               and the Board of
                                                                        incentives is stipulated in the Company              Directors)
                                                                        Regulations regarding social security
                                                                        and employee welfare, including the
                                                                        Pension Plan. In addition, the Company
                                                                        is also committed to providing a token
                                                                        of appreciation for the dedication of
                                                                        employees who have worked for a certain
                                                                        period of services, as regulated in the
                                                                        Company Regulations.




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         Kilas Kinerja         Laporan Manajemen          Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report           Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                     Rekomendasi                           Tanggapan                               Alasan                       Keterangan
                   Recommendation                           Response                               Reason                        Remarks
      Perusahaan Terbuka memanfaatkan               Perseroan memanfaatkan
                                                                      Perseroan memanfaatkan aplikasi, situs                 Halaman [**]
      penggunaan      teknologi     informasi       penggunaan media sosial
                                                                      website pihak ketiga, dan media sosial                 (Informasi
      secara lebih luas selain situs website        dan software yang dapat
                                                                      sebagai sarana keterbukaan informasi                   situs website
      Perseroan sebagai media keterbukaan           menunjang       aktivitas
                                                                      dengan konsumen, yang memungkinkan                     Perseroan)
      informasi.                                    operasional.      konsumen      mendapatkan        informasi,
                                                                      menyampaikan         keluhan,      maupun              Page [**]
      A Public Company makes use of The Company makes kepuasan dalam menggunakan produk                                      (Company
      information technology on a wider use of social media and Perseroan, dan memudahkan Perseroan                          website)
      scale than the Company website as the software that can support untuk menyusun laporan periodik, dapat
      media for information disclosure.     operational activities.   memantau rating kompetitor, tren
                                                                      negatif dan positif, dan data lainnya yang
                                                                      diperlukan.


                                                                                The Company makes use of applications,
                                                                                third-party websites and social media
                                                                                as means for information disclosure to
                                                                                consumers, allowing consumers to obtain
                                                                                information and submit complaints or
                                                                                satisfactory comments        about using
                                                                                the Company’s products, and as an easy
                                                                                means for the Company to prepare
                                                                                periodic reports, monitor competitor
                                                                                ratings, negative and positive trends, and
                                                                                other necessary data.
      Laporan Tahunan Perseroan Terbuka             Perseroan          telah    Di dalam Laporan Tahunan Perseroan,          Halaman       [**]
      mengungkapkan pemilik manfaat akhir           mengungkapkan pemilik       pada bagian Ikhtisar Saham, diungkapkan      (Nama Pemegang
      dalam kepemilikan saham Perseroan             manfaat akhir dalam         informasi mengenai komposisi pemegang        Saham Utama dan
      Terbuka paling sedikit 5% (lima persen),      kepemilikan      saham      saham, baik yang kepemilikannya di atas      Pengendali dengan
      selain pengungkapan pemilik manfaat           Perseroan Terbuka paling    maupun di bawah 5%.                          Persentase
      akhir dalam kepemilikan saham                 sedikit 5%.                                                              Kepemilikan)
      Perseroan Terbuka melalui pemegang                                        In the Stock Overview section of the
      saham utama dan pengendali.               The Company discloses           Company’s Annual Report, information is      Page [**]
                                                the ultimate beneficial         disclosed regarding the composition of       (Name of Majority
      The Annual Report of a Public Company owner of the Public                 shareholders, both on the ownership of       and    Controlling
      discloses the ultimate beneficial owner Company’s shares of at            above and below 5%.                          Shareholder with
      of at least 5% (five percent)of shares in least 5%.                                                                    Percentage      of
      the Public company,in addition to the                                                                                  Ownership)
      disclosure of the ultimate beneficial
      owner of a Public Company’s shares
      through the majority or controlling
      shareholder.




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                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




RENCANA PENINGKATAN KUALITAS GCG TAHUN                                  PLANS FOR IMPROVEMENT OF GCG QUALITY IN
2026                                                                    2026
Dengan mempertimbangkan hasil penilaian mandiri atas penerapan          By taking into account the results of an independent assessment
GCG di lingkungan Perseroan dan Entitas Anak Perusahaan,                of GCG implementation within the Company and Subsidiaries, the
Perseroan berkomitmen untuk secara konsisten melakukan                  Company is committed to consistently carrying out continuous
perbaikan yang berkelanjutan terhadap implementasi GCG pada             improvements on GCG implementation in all aspects so that it is
segala aspek agar senantiasa selaras dengan perkembangan regulasi       in line with development in regulations and can accommodate the
dan dapat mengakomodir kompleksitas bisnis yang semakin maju.           increasingly advanced business complexity.


Pada tahun 2026 mendatang, Perseroan secara bertahap akan               In this coming year of 2026, the Company will gradually begin
mulai menerapkan prinsip GCG sesuai dengan Pedoman Umum                 to implement GCG principles in accordance with the Indonesian
Governansi Korporat Indonesia (PUGKI) dan secara berkelanjutan          Corporate Governance General Guidelines (PUGKI) and
mengimplementasikan praktik GCG dalam seluruh proses bisnis,            sustainably implement GCG practices in all areas of the business
dengan mendorong keterbukaan dan akuntabilitas.                         process by encouraging transparency and accountability.


Selanjutnya, Perseroan akan memperkuat pelaksanaan program              Subsequently, the Company will strengthen the implementation
Risk Champion di Entitas Anak Perusahaan. Melalui peran aktif           of the Risk Champion program in Subsidiaries. Through the
Risk Champion dalam memantau risiko di dalam organisasi,                active role of the Risk Champion in risk monitoring inside the
Perseroan melihat fungsi krusial Risk Champion dalam mendukung          organization, the Company sees the crucial function of the Risk
penerapan proses dan struktur manajemen risiko yang lebih               Champion in supporting the implementation of a more effective
efektif.                                                                process and risk management structure.


Selain itu, Perseroan juga berkomitmen untuk menerapkan                 In addition, the Company is also committed to applying
kepatuhan terhadap peraturan perundang-undangan yang                    compliance with applicable laws and regulations, including
berlaku termasuk regulasi pasar modal dan secara berkelanjutan          the capital market regulations, and sustainably strengthening
memperkuat pengawasan Dewan Komisaris melalui peran Komite              supervision of the Board of Commissioners through the role of
Audit dalam melakukan penelaahan laporan keuangan sebelum               the Audit Committee in reviewing the financial statements prior
menyampaikan kepada regulator.                                          to submission to the regulator.


RAPAT UMUM PEMEGANG SAHAM                                               GENERAL MEETING OF SHAREHOLDERS
Rapat Umum Pemegang Saham (RUPS) merupakan organ                        The General Meeting of Shareholders (GMS) is the highest organ
tertinggi dalam struktur tata kelola Perseroan yang mempunyai           in the Company’s governance structure with all the rights and
segala hak dan kewenangan yang tidak dimiliki oleh Direksi atau         authorities that the Board of Directors or Board of Commissioners
Dewan Komisaris. Selain itu RUPS juga berfungsi sebagai wadah           do not have. In addition, the GMS also functions as the forum
bagi para pemegang saham untuk mengambil keputusan strategis            for the shareholders to make strategic decisions related to the
terkait pengurusan Perseroan. Keputusan yang diambil dalam              management of the Company. Decisions taken in the GMS
RUPS didasarkan pada kepentingan Perseroan, serta dilakukan             are based on the interests of the Company, and conducted
secara wajar dan transparan.                                            appropriately and transparently.


Mengacu pada Anggaran Dasar Perseroan dan peraturan                     Referring to the Company Articles of Association and applicable
perundang-undangan yang berlaku, Perseroan mengenal 2 (dua)             laws and regulations, the Company recognizes 2 (two) types
jenis RUPS, yaitu RUPS Tahunan dan RUPS Luar Biasa. Pelaksanaan         of GMS, namely the Annual GMS and the Extraordinary GMS.
RUPS Tahunan wajib dilakukan dalam jangka waktu paling lambat           Implementation of the Annual GMS is mandatory to be held at
6 (enam) bulan setelah tahun buku berakhir, sedangkan RUPS Luar         the latest within the period of 6 (six) months after the end of the
Biasa dapat dilakukan sewaktu-waktu atas permintaan Direksi             financial year, while Extraordinary GMS can be held at any time
atau pemegang saham yang memiliki hak suara minimal 10% dari            upon request from the Board of Directors or shareholders with
total suara yang dikeluarkan Perseroan.                                 minimal voting rights of at least 10% from the total votes issued
                                                                        by the Company.




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          Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
       Performance Highlights    Management Report       Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Melalui RUPS, pemegang saham berhak untuk menyetujui                 Through the GMS, the shareholders have the right to approve the
      agenda-agenda strategis Perseroan, seperti perubahan anggaran        Company’s strategic agenda, such as the change in the Articles of
      dasar dan dokumen tata kelola utama, pengusulan calon anggota        Association and main governance documents and proposals for
      Dewan Komisaris dan Direksi, maupun aksi korporasi yang bersifat     candidate members of the Board of Commissioners and the Board
      material (penerbitan saham baru, merger, akuisisi, penjualan aset    of Directors, as well as material corporate actions (issuance of new
      signifikan, dll).                                                    shares, mergers, acquisitions, sale of significant assets, etc).


      Untuk mendukung transparansi dan inklusivitas, dokumen terkait       To support transparency and inclusivity, related documents
      proses RUPS, di antaranya pemanggilan maupun hasil voting            concerning the GMS process, among others, invitation or voting
      dan keputusan RUPS, tersedia dalam dua bahasa, yaitu Bahasa          results, and GMS resolutions, are available in two languages,
      Indonesia dan Bahasa Inggris.                                        namely Bahasa Indonesia and English.


      RUPS 2025                                                            2025 GMS
      Perseroan menyelenggarakan RUPS Tahunan pada tanggal 19              The Company held its Annual GMS on 19 June 2025 (at 11.00-11.19
      Juni 2025 (pukul 11.10-11.19 WIB), bertempat di The Bridge           Western Indonesian Time), located at The Bridge Function Room –
      Function Room – Hotel Horison Ultima Suites & Residences             Horison Ultima Suites & Residences Rasuna Hotel, Jakarta, Rasuna
      Rasuna Jakarta, Kawasan Rasuna Epicentrum, Jl. H.R. Rasuna Said      Epicentrum, Jl. H.R. Rasuna Said – South Jakarta. Thenumber of
      – Jakarta Selatan. Jumlah saham yang dihadiri oleh pemegang          shares attended by shareholders and/or their legitimate proxies
      saham dan/atau wakil mereka yang sah dalam Rapat adalah              in the Meeting totals 6,219,659,948 shares, or the equivalent
      sejumlah 6.219.659.948 saham atau sama dengan 14,29% dari            of 14.29% from the total shares issued by the Company. The
      seluruh saham yang telah dikeluarkan oleh Perseroan. Perseroan       Company used an independent party to conduct the vote count,
      menggunakan pihak independen untuk melakukan perhitungan             namely the Notary Office of Aryanti Artisari, S.H., M.Kn.
      suara, yaitu Kantor Notaris Aryanti Artisari, S.H., M.Kn.


      Pemanggilan RUPS telah disampaikan sesuai dengan ketentuan,          Invitations to the GMS were sent in accordance with provisions,
      yaitu selambat-lambatnya 21 hari sebelum pelaksanaan RUPS,           namely at the latest by 21 days prior to the date of the GMS,
      dengan mencantumkan penjelasan terkait mata acara rapat.             by stating the explanation related to the meeting agenda. The
      Perseroan memperbolehkan pemegang saham melakukan voting             Company allowed shareholders to vote in absentia through their
      in absentia melalui kuasa yang sah. Seluruh anggota Dewan            legitimate proxies. All members of the Board of Commissioners
      Komisaris dan anggota Direksi menghadiri RUPS Tahunan 2025,          and members of the Board of Directors attended the 2025 Annual
      dengan kehadiran sebagai berikut:                                    GMS, with attendance as follows:

      Dewan Komisaris
      Board of Commissioners

      Bambang Irawan Hendradi                                              Komisaris Utama | President Commissioner
      Armansyah Yamin                                                      Komisaris | Commissioner
      Kanaka Puradiredja                                                   Komisaris Independen | Independent Commissioner


      Direksi
      Board of Directors

      Resza Adikreshna                                                     Direktur Utama | President Director
      Melky Aliandri                                                       Direktur | Director
      Sisilia                                                              Direktur | Director




162       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
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                                                                                 Tanggung Jawab Sosial Perusahaan/
             Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
        Pembahasan Manajemen
                                              Good Corporate Governance               Corporate Social Responsibility/
      Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                         Laporan Tata Kelola Perusahaan
                                                                                                              Report on Corporate Governance




Hasil Keputusan RUPST Pertama 2025                                        Resolutions of the First GMS 2025
Sesuai dengan ketentuan yang berlaku, hasil voting dan Keputusan          In accordance with applicable provisions, results of the voting
RUPS diumumkan ke publik melalui penyampaian Risalah Rapat                and GMS Resolutions were announced to the public through
Umum Pemegang Saham Tahunan PT Bakrieland Development                     submission of the Minutes of Meeting of the Annual General
Tbk berdasarkan Surat No.: 029/SKL/BLD-CORSEC-LEGAL/                      Meeting of Shareholders of PT Bakrieland Development Tbk
HN/VI/2025 tanggal 23 Juni 2025. Mata acara, keputusan, serta             based on Letter No.: 029/SKL/BLD-CORSEC-LEGAL/HN/VI/2025
realisasi dari RUPST Pertama dapat dilihat di tabel berikut:              dated 23 June 2025. The meeting agenda, resolutions, as well as
                                                                          realization of the First GMS may be viewed in the table below:


                              Mata Acara                                         Keputusan                                      Realisasi
 No
                             Meeting Agenda                                      Resolution                                    Realization
  1      Persetujuan atas laporan pertanggungjawaban         Sesuai dengan ketentuan Pasal 86 ayat (1)                   Dilaksanakan       Rapat
         Direksi tentang jalannya Perseroan untuk tahun      Undang-Undang Nomor 40 Tahun 2007                           Kedua      Atas    Rapat
         buku yang berakhir pada tanggal 31 Desember         (selanjutnya disebut “UUPT”), Pasal 41 ayat (1)             Umum           Pemegang
         2024.                                               huruf a Peraturan OJK Nomor 15 Tahun 2020, dan              Saham Tahunan pada
         Approval of the accountability report of the        Pasal 11 ayat 2 huruf a Anggaran Dasar Perseroan,           tanggal 1 Juli 2025.
         Board of Directors on the management of the         Rapat hanya sah dan mengikat apabila dihadiri               The Second Meeting
         Company for the financial year that ended on 31     oleh para pemegang saham dan/atau kuasa                     of      the       Annual
         December 2024.                                      mereka yang sah yang mewakili lebih dari 1/2                General Meeting of
  2      Persetujuan dan Pengesahan atas Laporan Posisi      (satu per dua) bagian dari seluruh saham yang               Shareholders was held
         Keuangan dan Laporan Laba Rugi dan Penghasilan      telah dikeluarkan oleh Perseroan.                           on 1 July 2025.
         Komprehensif Lain Perseroan untuk tahun buku        In accordance with the provisions in Article 86
         yang berakhir pada tanggal 31 Desember 2024.        paragraph (1) of Law No. 40 of Year 2007 (here
         Approval and Ratification of the Company’s          in after as "UUPT"), Article 41 paragraph (1) letter
         Financial Position Report and Report on the         a of OJK Regulation No. 15 Year 2020, and Article
         Profit-Loss and Other Comprehensive Income          11 paragraph (2) letter a of Company Articles
         for the financial year that ended on 31 December    of Association, the Meeting is only valid and
         2024.                                               binding if attended by the shareholders and/or
                                                             their authorized proxies representing more than
  3      Persetujuan penunjukan Kantor Akuntan Publik
                                                             ½ (one half) of the total shares issued by the
         Independen untuk melakukan audit atas buku
                                                             Company.
         Perseroan untuk tahun buku 2025.
         Approval on the appointment of the Independent
         Public Accounting Firm to audit the Company’s
         books for the 2025 financial year.




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         Kilas Kinerja          Laporan Manajemen      Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights     Management Report       Company Profile               Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                                Mata Acara                                          Keputusan                              Realisasi
       No
                               Meeting Agenda                                       Resolution                            Realization
                                                                 Bahwa jumlah saham yang dihadiri oleh pemegang
                                                                 saham dan/atau wakil mereka yang sah dalam
                                                                 Rapat adalah sejumlah 6.219.659.948 saham
                                                                 atau sama dengan 14,29% dari seluruh saham
                                                                 yang telah dikeluarkan oleh Perseroan, sehingga
                                                                 Rapat dinyatakan tidak memenuhi ketentuan
                                                                 kuorum mengenai kehadiran dan tidak berhak
                                                                 untuk mengambil keputusan-keputusan yang sah
                                                                 dan mengikat mengenai hal-hal yang disebutkan
                                                                 dalam Mata Acara Rapat.
                                                                 The number of shares attended by the
                                                                 shareholders and/or their legitimate proxies
                                                                 in the Meeting totaled 6,219,659,948 shares,
                                                                 or the equivalent of 14.29% of the total shares
                                                                 issued by the Company; therefore the Meeting
                                                                 was declared not have fulfilled the attendance
                                                                 quorum requirements and was not entitled
                                                                 tomake legal and binding decisions regarding the
                                                                 matters mentioned in the Meeting Agenda.


                                                                 Oleh karenanya akan diadakan pemanggilan rapat
                                                                 kedua yang mana waktu dan pemanggilannya akan
                                                                 ditentukan selanjutnya dengan memperhatikan
                                                                 ketentuan Anggaran Dasar Perseroan, UUPT, dan
                                                                 Peraturan OJK Nomor 15 Tahun 2020.
                                                                 For this reason, an invitation to a second meeting
                                                                 will be conducted, of which the time and invitation
                                                                 will be further determined by considering
                                                                 the provisions of the Company’s Articles of
                                                                 Association, UUPT, and OJK Regulations No. 15
                                                                 of Year 2020.


      Sehubungan dengan tidak terpenuhinya kuorum pada RUPS                 In the context of the failure to meet quorum at the First GMS on
      Tahunan Pertama pada 19 Juni 2025, Perseroan menyelenggarakan         19 June 2025, the Company held the Second GMS on 1 July 2025
      RUPST Kedua pada tanggal 1 Juli 2025 (pukul 10.36 – 11.25 WIB),       (at 10.36-11.25 Western Indonesian Time), located at The Grand
      bertempat di The Grand Onyx Ballroom Hotel The Groves Suites,         Onyx Ballroom Hotel, The Groves Suites, Rasuna Epicentrum,
      Kawasan Rasuna Epicentrum, Jl. H.R. Rasuna Said, Jakarta Selatan.     Jl. H.R. Rasuna Said, South Jakarta. The total shares attended by
      Jumlah saham yang dihadiri oleh pemegang saham dan/atau wakil         the shareholders and/or their legitimate proxies in the Meeting
      mereka yang sah dalam Rapat adalah sejumlah 15.209.463.814            totalled 15,209,463,814 shares, or the equivalent of 34.95% of
      saham atau sama dengan 34,95% dari seluruh saham yang telah           the total shares issued by the Company. The Company used an
      dikeluarkan oleh Perseroan. Perseroan menggunakan pihak               independent party to conduct the vote count, namely Notary
      independen untuk melakukan perhitungan suara, yaitu Kantor            Office of Aulia Taufani, S.H.
      Notaris Aulia Taufani, S.H.




164      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
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                                                                                   Tanggung Jawab Sosial Perusahaan/
               Analisis dan
                                               Tata Kelola Perusahaan                    Laporan Berkelanjutan
          Pembahasan Manajemen
                                               Good Corporate Governance                Corporate Social Responsibility/
       Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                           Laporan Tata Kelola Perusahaan
                                                                                                                Report on Corporate Governance




Pemanggilan RUPS telah disampaikan sesuai dengan ketentuan,                Invitations to the GMS were sent in accordance with provisions,
yaitu selambatnya 7 hari sebelum pelaksanaan RUPS, dengan                  namely at the latest by 7 days prior to the date of the GMS,
mencantumkan penjelasan terkait mata acara rapat. Perseroan                by stating the explanation related to the meeting agenda.
memperbolehkan pemegang saham melakukan voting in absentia                 The Company allowed the shareholders to vote in absentia
melalui kuasa yang sah. Seluruh anggota Dewan Komisaris dan                through their legitimate proxies. All members of the Board of
anggota Direksi menghadiri RUPST Kedua 2025, dengan kehadiran              Commissioners and members of the Board of Directors attended
sebagai berikut:                                                           the Second GMS of 2025, with attendance as follows:

Dewan Komisaris
Board of Commissioners

Bambang Irawan Hendradi                                                    Komisaris Utama | President Commissioner
Armansyah Yamin                                                            Komisaris | Commissioner
Kanaka Puradiredja                                                         Komisaris Independen | Independent Commissioner


Direksi
Board of Directors

Resza Adikreshna                                                           Direktur Utama | President Director
Melky Aliandri                                                             Direktur | Director
Sisilia                                                                    Direktur | Director


Hasil Keputusan RUPST Kedua 2025                                           Resolutions of the Second GMS 2025
Sesuai dengan ketentuan yang berlaku, hasil voting dan Keputusan           In accordance with applicable provisions, results of the voting
RUPS diumumkan ke publik melalui penyampaian Risalah Rapat                 and GMS Resolutions were announced to the public through
Umum Pemegang Saham Tahunan PT Bakrieland Development                      submission of the Minutes of Meeting of the Annual General
Tbk berdasarkan Surat No.: 059/SKL/BLD-CORSEC-LEGAL/HN/                    Meeting of Shareholders of PT Bakrieland Development Tbk based
VII/2025 tanggal 3 Juli 2025. Mata acara, keputusan, serta realisasi       on Letter No.: 059/SKL/BLD-CORSEC-LEGAL/HN/VII/2025
dari RUPST Kedua dapat dilihat di tabel berikut:                           dated 3 July 2025. The meeting agenda, resolutions, as well as
                                                                           realization of the Second GMS may be viewed in the table below:


                           Mata Acara                                 Keputusan                                             Realisasi
  No
                          Meeting Agenda                              Resolution                                           Realization
   1       Persetujuan         atas        laporan   Menyetujui laporan pertanggungjawaban            Penyampaian      Laporan     Keuangan
           pertanggungjawaban Direksi tentang        Direksi tentang jalannya Perseroan untuk         Tahunan 2024 pada tanggal 26 Maret
           jalannya Perseroan untuk tahun buku       tahun buku yang berakhir pada tanggal            2025     berdasarkan      penyampaian
           yang berakhir pada tanggal 31 Desember    31 Desember 2024.                                surat kepada OJK No.: 009/SKL/BLD-
           2024.                                     Approved the accountability report               CORSEC-LEGAL/HN/III/2025.
           Approval of the accountability report     of the Board of Directors on the                 Submission of the 2024 Financial Report
           of the Board of Directors on the          management of the Company for                    on 26 March 2025 based on submission
           management of the Company for             the financial year which ended on 31             letter to OJK No.: 009/SKL/BLD-
           the financial year that ended on 31       December 2024.                                   CORSEC-LEGAL/HN/III/2025.
           December 2024.




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            Kilas Kinerja          Laporan Manajemen      Profil Perusahaan                Unit Pendukung Bisnis
      Performance Highlights        Management Report       Company Profile                  Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                                Mata Acara                                    Keputusan                                      Realisasi
       No
                               Meeting Agenda                                 Resolution                                    Realization
        2       Persetujuan dan Pengesahan atas           Menyetujui dan mengesahkan atas                     Penyampaian      Laporan    Keuangan
                Laporan Posisi Keuangan dan Laporan       Laporan Posisi Keuangan dan Laporan                 Tahunan 2024 pada tanggal 26 Maret
                Laba Rugi dan Penghasilan Komprehensif    Laba Rugi dan Penghasilan Komprehensif              2025     berdasarkan     penyampaian
                Lain Perseroan untuk tahun buku yang      Lain Perseroan untuk tahun buku yang                surat kepada OJK No.: 009/SKL/BLD-
                berakhir pada tanggal 31 Desember         berakhir pada tanggal 31 Desember 2024              CORSEC-LEGAL/HN/III/2025.
                2024.                                     serta memberikan pembebasan dan                     Submission of the 2024 Annual Financial
                Approval and Ratification of the          pelunasan tanggung jawab sepenuhnya                 Report on 26 March 2025 based on letter
                Company’s Financial Position Report       (volledig acquit et de charge) kepada               to OJK No.009/SKL/BLD-CORSEC-
                and Report on the Profit-Loss and Other   anggota Direksi Perseroan atas tindakan             LEGAL/HN/III/2025.
                Comprehensive Income for the financial    pengurusan dan kepada anggota Dewan
                year which ended on 31 December 2024.     Komisaris Perseroan atas tindakan
                                                          pengawasan yang telah dilakukan dalam
                                                          tahun buku yang berakhir pada tanggal
                                                          31 Desember 2024, sepanjang tindakan-
                                                          tindakan tersebut tercermin dalam
                                                          Laporan Tahunan Perseroan tahun buku
                                                          yang berakhir pada tanggal 31 Desember
                                                          2024.
                                                          Approved and ratified the Company’s
                                                          Financial     Position     Report    and
                                                          Report on the Profit-Loss and Other
                                                          Comprehensive Income for the financial
                                                          year that ended on 31 December 2024,
                                                          as well as granted full release and
                                                          discharge (volledig acquit et de charge)
                                                          to members of the Board of Directors
                                                          of the Company for management
                                                          activities and to members of the Board
                                                          of Commissioners of the Company
                                                          for supervisory activities carried out
                                                          during the financial year that ended on
                                                          31 December 2024 for as long as these
                                                          activities are reflectedin the Company’s
                                                          Annual Report for the financial year that
                                                          ended on 31 December 2024.




166         PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                     www.bakrieland.com
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                                                                              Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                          Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                          Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




                                                                                      Laporan Tata Kelola Perusahaan
                                                                                                           Report on Corporate Governance




                       Mata Acara                                Keputusan                                             Realisasi
 No
                      Meeting Agenda                             Resolution                                           Realization
  3    Persetujuan penunjukan Kantor Akuntan    Menyetujui     pemberian       wewenang          Penunjukan Kantor Akuntan Publik
       Publik Independen untuk melakukan        kepada Dewan Komisaris atas usulan               Y. Santosa Dan Rekan berdasarkan
       audit atas buku Perseroan untuk tahun    Komite Audit untuk menunjuk dan                  penyampaian surat kepada OJK No.:
       buku 2025.                               mengangkat Kantor Akuntan Publik                 082/SKL/BLD-CORSEC-LEGAL/HN/
       Approval on the appointment of the       Independen yang terdaftar di Otoritas            VIII/2025 tanggal 4 Agustus 2025.
       Independent Public Accounting Firm to    Jasa Keuangan yang akan melakukan                The appointment of the Public
       audit the Company’s books for the 2025   audit Laporan Keuangan Perseroan                 Accounting Firm of Y. Santosa and
       financial year.                          untuk tahun buku yang berakhir pada              Partner is based on the submission letter
                                                tanggal 31 Desember 2025 dan periode-            to OJK No.:082/SKL/BLD-CORSEC-
                                                periode lainnya dalam tahun buku 2025            LEGAL/HN/VIII/2025 dated 4 August
                                                serta memberikan wewenang dan kuasa              2025.
                                                sepenuhnya kepada Direksi Perseroan
                                                untuk      menetapkan         honorarium
                                                serta    persyaratan-persyaratan      lain
                                                penunjukannya dan menunjuk Akuntan
                                                Publik dan/atau Kantor Akuntan Publik
                                                pengganti dan menetapkan kondisi
                                                dan persyaratan penunjukannya jika
                                                Akuntan Publik dan/atau Kantor Akuntan
                                                Publik yang telah ditunjuk tersebut tidak
                                                dapat melaksanakan atau melanjutkan
                                                tugasnya     karena    sebab     apapun,
                                                termasuk alasan hukum dan peraturan
                                                perundang-undangan di bidang pasar
                                                modal atau tidak tercapai kesepakatan
                                                mengenai besaran honorarium audit
                                                dan pengangkatan Akuntan Publik
                                                Independen tersebut.




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      Performance Highlights          Management Report     Company Profile                  Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                                Mata Acara                                    Keputusan                                 Realisasi
       No
                               Meeting Agenda                                 Resolution                               Realization
                                                          Approved the granting of authority to
                                                          the Board of Commissioners for the
                                                          Audit Committee’s proposal to appoint
                                                          and assign the Independent Accounting
                                                          Firm registered on the Financial Services
                                                          Authority to audit the Company’s
                                                          Financial Report for the financial year
                                                          that ended on 31 December 2025 and
                                                          other periods within the financial year of
                                                          2025, as well as granting full authority and
                                                          power to the Board of Directors of the
                                                          Company to determine the honorarium
                                                          and other appointment requirements
                                                          and appoint the replacement Public
                                                          Accountant and/or Public Accounting
                                                          Firm and determine the appointment
                                                          conditions and requirements should
                                                          the appointed Public Accountant and/
                                                          or Public Accounting Firm not be able
                                                          to carry out or continue their tasks
                                                          for any reason, including legal reasons
                                                          and regulations in the capital market
                                                          sector or failure to reach an agreement
                                                          regarding the amount of the audit fee
                                                          and the appointment of the concerned
                                                          Independent Public Accountant.


      DEWAN KOMISARIS                                                            BOARD OF COMMISSIONERS
      Dewan Komisaris merupakan salah satu organ utama dalam                     The Board of Commissioners is one of the main organs in the
      struktur Tata Kelola Perseroan yang menjalankan fungsi                     Corporate Governance structure that carries out the supervisory
      pengawasan secara umum dan/atau khusus sesuai dalam Batasan                function in general and/or specifically in accordance with the
      Anggaran Dasar Perseroan, serta bertugas memberi nasihat                   limitation of the Company’s Articles of Association, as well as
      kepada Direksi atas kebijakan Direksi dan jalannya kegiatan                being assigned to provide advice to the Board of Directors on its
      pengurusan Perseroan pada umumnya.                                         policy implementation and in managing the Company in general.


      KOMPOSISI                DAN     MASA         JABATAN     DEWAN            COMPOSITION AND TERM OF OFFICE OF THE
      KOMISARIS                                                                  BOARD OF COMMISSIONERS
      Komposisi Dewan Komisaris Perseroan terdiri dari 3 (tiga) anggota,         The composition of the Company’s Board of Commissioners
      yaitu 1 (satu) Komisaris Utama, 1 (satu) Komisaris, dan 1 (satu)           consists of 3 (three) members, namely 1 (one) President
      Komisaris Independen. Pengangkatan anggota Dewan Komisaris                 Commissioner, 1 (one) Commissioner and 1 (one) Independent
      dilakukan melalui mekanisme RUPS berdasarkan rekomendasi dan               Commissioner. The appointment of members of the Board of
      seleksi oleh Komite Nominasi dan Remunerasi.                               Commissioners is carried out through the GMS mechanism based
                                                                                 on the recommendation and selection by the Nomination and
                                                                                 Remuneration Committee.




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Page 171
                                                                               Tanggung Jawab Sosial Perusahaan/
             Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
        Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
      Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




Periode jabatan masing-masing anggota Dewan Komisaris adalah            The term of office of each of the members of the Board of
3 (tiga) tahun dan dapat diangkat kembali sesuai keputusan              Commissioners is 3 (three) years and they may be reappointed in
RUPS. Jabatan anggota Dewan Komisaris akan berakhir apabila             accordance with GMS resolution. The term of office of the Board
mengundurkan diri, tidak lagi memenuhi persyaratan, meninggal           of Commissioners ends upon resignation, no longer fulfilling
dunia, atau diberhentikan berdasarkan keputusan RUPS.                   the requirements, passing away, or dismissal based on GMS
                                                                        resolution.


Susunan Dewan Komisaris per 31 Desember 2025 adalah sebagai             The composition of the Board of Commissioners as of 31
berikut:                                                                December 2025 is as follows:


                             Nama                                        Jabatan                                        Periode Jabatan
 No
                             Name                                        Position                                        Term of Office
  1       Bambang Irawan Hendradi            Komisaris Utama | President Commissioner                                    2024 - 2027
  2       Armansyah Yamin                    Komisaris | Commissioner                                                    2024 - 2027
  3       Kanaka Puradiredja                 Komisaris Independen | Independent Commissioner                             2024 - 2027


TUGAS DAN TANGGUNG JAWAB                                                DUTIES AND RESPONSIBILITIES
Dewan Komisaris mengemban tugas dan tanggung jawab secara               The Board of Commissioners carries out its duties and
kolegial dalam mengawasi kegiatan operasional yang dikelola             responsibilities collegially in supervising operational activities
oleh Direksi. Sebagai bagian dari pelaksanaan fungsi pengawasan,        managed by the Board of Directors. As part of its supervisory
Dewan Komisaris juga memberikan saran serta nasihat kepada              function, the Board of Commissioners also provides
Direksi sesuai dengan ketentuan yang ditetapkan dalam Anggaran          recommendations and advice to the Board of Directors in
Dasar, Keputusan RUPS Perseroan, peraturan dan undang-undang            accordance with provisions setforth by the Articles of Association,
yang berlaku. Uraian lengkap mengenai tugas dan tanggung jawab          Resolutions of the Company’s GMS, and applicable laws and
Dewan Komisaris diatur dalam Pedoman Dewan Komisaris dan                regulations. Adescription of the duties and responsibilities of the
Direksi (Board Manual).                                                 Board of Commissioners is stipulated in the Board Manual of the
                                                                        Board of Commissioners and the Board of Directors.


RAPAT DEWAN KOMISARIS                                                   MEETING OF THE BOARD OF COMMISSIONERS

Kebijakan Rapat                                                         Meeting Policy
Sesuai dengan ketentuan POJK No. 33/POJK.04/2014 (“POJK                 In accordance with provisions in POJK No. 33/POJK.04/2014
33/2014”) tentang Direksi dan Dewan Komisaris Emiten atau               (“POJK 33/2014”) regarding the Board of Directors and the Board
Perusahaan Publik, Dewan Komisaris wajib mengadakan rapat               of Commissioners of Issuers or Public Companies, the Board of
secara berkala sekurang-kurangnya 1 (satu) kali dalam 2 (dua)           Commissioners is obligated to hold periodic meetings at least
bulan. Di luar itu, Dewan Komisaris juga dapat mengadakan rapat         1 (one) time within 2 (two) months. Beyond that, the Board of
setiap waktu apabila dianggap perlu oleh seorang atau lebih             Commissioners may also hold meetings deemed necessary by
anggota Dewan Komisaris atau atas permintaan tertulis dari              one or more members of the Board of Commissioners or upon
Direksi atau atas permintaan tertulis 1 (satu) pemegang saham           a written request from the Board of Directors or upon a written
atau lebih bersama-sama memiliki 1/10 (satu persepuluh) bagian          request from 1 (one) or more shareholders jointly having 1/10
atau lebih dari jumlah seluruh saham yang telah ditempatkan oleh        (one tenth) or more of the total number of shares placed by
Perseroan dengan hak suara yang sah dengan memperhatikan                the Company with valid voting rights, taking into account the
peraturan yang berlaku di bidang pasar modal.                           regulations applicable in the capital market sector.




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      Performance Highlights             Management Report        Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Jumlah Rapat dan Frekuensi Kehadiran                                          Number of Meeting and Frequency of Attendance
      Sepanjang tahun 2025, Dewan Komisaris telah menyelenggarakan                  During the year 2025, the Board of Commissioners held 6 (six)
      6 (enam) kali rapat dengan tingkat kehadiran sebagai berikut:                 meetings with the level of attendance as follows:


                                                                                                                         Jumlah           Tingkat
                                                                                                    Jumlah Rapat
                                Nama                                  Jabatan                                          Kehadiran        Kehadiran
       No                                                                                            Number of
                                Name                                  Position                                         Number of          Level of
                                                                                                      Meeting
                                                                                                                       Attendance       Attendance
            1       Bambang Irawan Hendradi                       Komisaris Utama                           6              6                100%
                                                              President Commissioner
            2       Armansyah Yamin                                 Komisaris                               6              6                100%
                                                                  Commissioner
            3       Kanaka Puradiredja                          Komisaris Independen                        6              6                100%
                                                             Independent Commissioner


       Agenda Rapat
       Meeting Agenda
                                                                                                                                   Kehadiran
                        Tanggal Rapat                                        Agenda Rapat
       No                                                                                                                          Attendance
                       Date of Meeting                                      Meeting Agenda
                                                                                                                            IHS        AY       KP
       1.           24 Maret 2025              Laporan Keuangan Tahunan per 31 Desember 2024                                   v       v           v
                    24 March 2025              Annual Financial Statements as of 31 December 2024
       2.           2 Juni 2025                Rencana RUPST Tahun Buku 2024                                                   v       v           v
                    2 June 2025                Plans for Annual GMS of Financial Year 2024
       3.           19 Juni 2025               Pemberhentian, Pengangkatan, dan Pengesahan Komite Audit                        v       v           v
                    19 June 2025               Periode 2025-2027
                                               Dismissal, Appointment and Ratification of the Audit Committee for the
                                               Period of 2025-2027
       4.           2 Juli 2025                Penunjukkan KAP atas Laporan Keuangan Tahun Buku 2025                           v       v           v
                    2 July 2025                Appointment of Public Accounting Firm (KAP) for the Financial Statement
                                               of Financiall Year 2025
       5.           3 November 2025            Perubahan Susunan Keanggotaan Komite Nominasi Dan Remunerasi                    v       v           v
                    3 November 2025            Change in the Composition of Members of the Nomination and
                                               Remuneration Committee
       6.           9 Desember 2025            Persetujuan Budget & Business Plan                                              v       v           v
                    9 December 2025            Approval of the Budget and Business Plan
      Keterangan | Note:
      IHS: Bambang Irawan Hendradi
      AY: Armansyah Yamin
      KP: Kanaka Puradiredja




170             PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                  www.bakrieland.com
Page 173
                                                                                Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                         Laporan Tata Kelola Perusahaan
                                                                                                              Report on Corporate Governance




PEDOMAN DEWAN KOMISARIS                                                 MANUAL OF THE BOARD OF COMMISSIONERS
Untuk meningkatkan kualitas penerapan GCG, Perseroan telah              To enhance the quality of GCG implementation, the Company
menyusun dan mengesahkan Pedoman Dewan melalui Surat                    has prepared and enacted the Board Manual through the Decree
Keputusan Direksi dan Komisaris PT Bakrieland Development Tbk           of the Board of Directors and the Board of Commissioners of PT
No. 001/KOM-DIR-PERSEROAN/SK/I/2016 tentang Pengesahan                  Bakrieland Development Tbk No. 001/KOM-DIR-PERSEROAN/
Board Manual. Pedoman Dewan berisi mengenai tata laksana                SK/I/2016 regarding the Ratification of the Board Manual. The
kerja dan ketentuan-ketentuan yang menjadi rujukan bagi Dewan           Board Manual contains work procedures and provisions that serve
Komisaris dan Direksi dalam melaksanakan tugas dan tanggung             as references for the Board of Commissioners and the Board of
jawabnya. Piagam Dewan Komisaris ditinjau dan diperbarui secara         Directors in carrying out their duties and responsibilities. The
berkala jika dianggap perlu. Untuk rincian lebih lanjut tentang         Manual of the Board of Commissioners is reviewed and updated
Pedoman Dewan dapat diakses pada situs website https://                 periodically as deemed necessary. For further details on the Board
bakrieland.com/id_gcg/boardmanual.                                      Manual may be accessed through the website https://bakrieland.
                                                                        com/id_gcg/boardmanual.


Sebagaimana diatur dalam Board Manual, hubungan kerja                   As stipulated in the Board Manual, work relationships between the
antara Dewan Komisaris dan Direksi dalam melaksanakan tugas             Board Commissioners and the Board of Directors in performing
dan tanggung jawabnya senantiasa menerapkan prinsip-prinsip             their duties and responsibilities are always based on implementing
berikut:                                                                the following principles:
1.   Setiap hubungan kerja antara Dewan Komisaris dengan Direksi        1.   Every work relationship between the Board of Commissioners
     merupakan hubungan yang bersifat formal kelembagaan,                    and the Board of Directors is a formal institutional relationship,
     dalam arti senantiasa dilandasi oleh suatu mekanisme baku               meaning that it is always based on an accountable standard
     atau korespondensi yang dapat dipertanggungjawabkan.                    mechanism or correspondence.
2. Dewan Komisaris melakukan pengawasan atas kebijakan                  2. The Board of Commissioners supervises the management
     pengurusan, jalannya pengurusan pada umumnya, baik                      policies and the management process in general, both
     mengenai Perseroan maupun usaha Perseroan, dan memberi                  regarding the Company as well as the Company’s business,
     nasihat kepada Direksi.                                                 and provides advice to the Board of Directors.
3. Dewan Komisaris berhak memperoleh informasi Perseroan                3. The Board of Commissioners has the right to obtain Company
     secara akurat, lengkap dan tepat waktu, dan dapat sewaktu-              information accurately, completely and ontime, and may at
     waktu meminta informasi Perseroan tersebut kepada Direksi               any time request such Company information fromthe Board
     dan/atau Manajemen.                                                     of Directors and/or the Management.


PELATIHAN DAN PENGEMBANGAN KOMPETENSI                                   TRAINING AND COMPETENCY DEVELOPMENT
Dewan Komisaris mengikuti program pelatihan dan pengembangan            The Board of Commissioners takes part in training and competency
kompetensi atas inisiatif pribadi di luar lingkungan Perseroan.         development programs at their own individual initiative outside of
                                                                        the Company.


PROGRAM ORIENTASI BAGI KOMISARIS BARU                                   ORIENTATION   PROGRAM                              FOR         NEW
                                                                        COMMISSIONERS
Perseroan memiliki program orientasi bagi Dewan Komisaris yang          The Company retains an orientation program for newly appointed
baru menjabat dengan tujuan untuk memberikan pengetahuan                members of the Board of Commissioners with the intention
lebih kepada Komisaris baru terkait organisasi dan operasional          to provide further knowledge related to the organization and
Perseroan, khususnya terkait bidang tugas pengawasan yang               operations of the Company, specifically related to the assigned
diberikan kepada Komisaris tersebut, sehingga Dewan Komisaris           supervisory duties, so that the Board of Commissioners can work
dapat bekerja selaras dengan organ Perseroan yang lain. Pada            in harmony with other Company organs. In the year 2025, the
tahun 2025, Perseroan tidak menyelenggarakan program ini                Company did not hold this program, as the composition of the
dikarenakan komposisi Dewan Komisaris tidak mengalami                   Board of Commissioners did not change from the previous year.
perubahan dari tahun sebelumnya.




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           Kilas Kinerja        Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
       Performance Highlights    Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      PENILAIAN KOMITE DI BAWAH DEWAN KOMISARIS                             ASSESSMENT OF COMMITTEES UNDER THE
                                                                            BOARD OF COMMISSIONERS
      Dalam rangka meningkatkan efektivitas pelaksanaan tugas               In the context of improving the effectiveness of the implementation
      dan tanggung jawab dalam menjalankan fungsi pengawasan,               of duties and responsibilities within its supervisory function, the
      Dewan Komisaris telah membentuk 2 (dua) komite pendukung              Board of Commissioners formed 2 (two) supporting subordinate
      di bawahnya, yaitu Komite Audit serta Komite Nominasi dan             committees, namely the Audit Committee as well as the
      Remunerasi.                                                           Nomination and Remuneration Committee.


      Dalam memberikan penilaian kinerja terhadap masing-masing             In providing performance assessment to each of the supporting
      komite pendukung, Dewan Komisaris telah menetapkan kriteria           committees, the Board of Commissioners established the
      penilaian yang digunakan sebagai acuan, antara lain:                  assessment criteria used as reference, among others,as follows:
      1.   Tingkat kehadiran setiap anggota baik dalam rapat internal       1.   Level of attendance of each member, both in committee
           komite maupun rapat gabungan bersama Dewan Komisaris;                 internal meetings and in joint meetings with the Board of
                                                                                 Commissioners:
      2.    Dukungan komite-komite terhadap implementasi Tata Kelola        2. Support of the committees on the implementation of
            Perusahaan;                                                          Corporate Governance;
      3.    Efisiensi dan efektivitas kegiatan pelaporan;                   3. Efficiency and effectiveness of reporting activities;
      4.    Capaian kinerja selama tahun buku; dan                          4. Performance achievements during the financial year; and
      5.    Kepatuhan pada peraturan yang berlaku                           5. Compliance with applicable regulations.


      Selama tahun 2025, Dewan Komisaris menilai bahwa seluruh              During the year 2025, the Board of Commissioners assessed that
      komite yang berada di bawah Dewan Komisaris, yaitu Komite             all committees under the Board of Commissioners, namely the
      Audit serta Komite Nominasi dan Remunerasi, telah bekerja             Audit Committee as well as the Nomination and Remuneration
      dengan optimal dan profesional sesuai dengan peran, tugas dan         Committee, have worked optimally and professionally in
      tanggung jawabnya.                                                    accordance with their roles, duties, and responsibilities.



      KOMISARIS INDEPENDEN                                                  INDEPENDENT COMMISSIONER
      Komisaris Independen adalah anggota Dewan Komisaris yang              An independent commissioner is a member of the Board of
      tidak memiliki hubungan keuangan, kepengurusan, kepemilikan           Commissioners notwithholding financial, management, or
      saham dan/atau hubungan keluarga dengan anggota Dewan                 share ownership relationships and/or family relationships with
      Komisaris, anggota Direksi atau pemegang saham pengendali             members of the Board of Commissioners, members of the Board
      atau dengan perusahaan yang mungkin menghalangi atau                  of Directors, or the controlling shareholder or with companies that
      menghambat posisinya untuk bertindak independen dan objektif          may hinder or impede his/her position to act independently and
      semata-mata demi kepentingan Perseroan. Komisaris Independen          objectively merely for the sake of the Company’s interests. An
      bertanggung jawab untuk melakukan pengawasan dan juga                 Independent Commissioner is responsible for supervising and
      mewakili kepentingan pemegang saham minoritas.                        also representing the interests of the minority shareholders.


      Per 31 Desember 2025, Perseroan memiliki satu Komisaris               As of 31 December 2025, the Company retains one Independent
      Independen dari total tiga Komisaris (33,33%). Dengan komposisi       Commissioner of the total three Commissioners (33.33%). With
      tersebut maka Perseroan telah memenuhi ketentuan peraturan            such composition, thus, the Company has complied with the
      UU PT dan POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan          provision of the Laws on Limited Liability Companies (UU PT)
      Komisaris Emiten atau Perusahaan Publik, yang mewajibkan              Regulation and POJK No. 33/POJK.04/2014 regarding the Board
      Perseroan sebagai perusahaan publik untuk memiliki Komisaris          of Directors and the Board of Commissioners of Issuers or Public
      Independen sekuran-kurangnya 30% (tiga puluh persen) dari             Companies, that requires the Company, as a public company to
      jumlah anggota Dewan Komisaris yang menjabat.                         retain Independent Commissioner for at least 30% (thirty percent)
                                                                            of the total active members of the Board of Commissioners.




172        PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 175
                                                                                Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
       Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




Profil Komisaris Independen                                             Profile of the Independent Commissioner
Perseroan mengangkat Bapak Kanaka Puradiredja sebagai                   The Company appointed Kanaka Puradiredja as the Company’s
Komisaris Independen Perseroan dalam periode jabatan 2024 -             Independent Commissioner for the office term period of 2024-
2027. Profil beliau disajikan dalam bab Profil Dewan Komisaris.         2027. His profile is presented in the chapter on the Profile of the
                                                                        Board of Commissioners.


Kriteria Pengangkatan                                                   Criteria of Appointment
Komisaris Independen Perseroan dipastikan telah memenuhi                The Company’s Independent Commissioner is assured to have
ketentuan sebagai anggota Dewan Komisaris sebagai berikut:              fulfilled the provisions as a member of the Board of Commissioners
                                                                        as follows:
1.  Berasal dari luar Perseroan.                                        1.     Originally from outside of the Company.
2.  Tidak mempunyai saham, baik langsung maupun tidak                   2. Not owning any share, either directlyor indirectly, in the
    langsung, pada Perseroan.                                                  Company.
3. Tidak mempunyai hubungan afiliasi dengan Perseroan, Dewan            3. Not having any affiliated relationship with the Company,
    Komisaris, Direksi atau Pemegang Saham Utama/Pengendali                    the Board of Commissioners, the Board of Directors or the
    Perseroan.                                                                 Majority/Controlling Shareholder.
4. Tidak memiliki hubungan usaha baik langsung maupun tidak             4. Not having a business relationship, either directly, or
    langsung yang berkaitan dengan kegiatan usaha Perseroan.                   indirectly concerning the Company’s business activities.
5. Tidak menjabat sebagai Direksi di perusahaan yang terafiliasi        5. Not concurrently acting as a member of the Board of
    dengan Perseroan.                                                          Directors in a company affiliated with the Company.
6. Memahami peraturan perundang-undangan di bidang Pasar                6. Understands the laws and regulations in the Capital Market;
    Modal.
7. Tidak bekerja di Perseroan atau afiliasinya dalam kurun waktu        7.   Not working in the Company or its affiliates within the period
    enam bulan terakhir.                                                     of the last six months.
8. Tidak mempunyai keterkaitan finansial, baik langsung                 8.   Not having financial connection, either directly or indirectly,
    maupun tidak langsung dengan Perseroan atau perseroan                    with the Company or other companies that provide services
    lain yang menyediakan jasa dan produk kepada Perseroan                   and products to the Company and its affiliates.
    dan afiliasinya.
9. Bebas dari kepentingan dan aktivitas bisnis atau hubungan            9.  Free from business interests and activities or other relations
    lain yang dapat menghalangi atau mengganggu kemampuan                   that may hinder or disrupt the capabilities of theIndependent
    Komisaris Independen untuk bertindak atau berpikir secara               Commissioner to act or think freely within the scope of the
    bebas di lingkup Perseroan.                                             Company.
10. Jumlah Komisaris Independen harus dapat menjamin agar               10. The number of Independent Commissioner should be able
    mekanisme pengawasan berjalan efektif dan sesuai dengan                 to guarantee that the supervisory mechanism can run
    peraturan perundang-undangan. Salah satu dari Komisaris                 effectively and in accordance with the laws and regulations.
    Independen harus mempunyai latar belakang akuntansi atau                One of the Independent Commissioners must have
    keuangan.                                                               a background in accounting or finance.
11. Pemilihan Komisaris Independen harus memperhatikan                  11. The selection of an Independent Commissioner must take
    pendapat pemegang saham minoritas yang dapat disalurkan                 into account the opinion of the minority shareholders that
    melalui Komite Nominasi dan Remunerasi.                                 can be channeled through the Nomination and Remuneration
                                                                            Committee.




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      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Pernyataan Independensi                                             Statement of Independency
      Komisaris Independen Perseroan tidak memiliki hubungan afiliasi     The Company’s Independent Commissioner has no affiliated
      dengan anggota Direksi, antar sesama anggota Dewan Komisaris,       relationship with members of the Board of Directors, other
      dan Pemegang Saham Pengendali. Hal ini dinyatakan melalui           members of the Board of Commissioners or the Controlling
      Surat Pernyataan Tidak Memiliki Benturan Kepentingan yang telah     Shareholder. This is stated through the Statement Letter of No
      ditandatangani oleh Dewan Komisaris untuk masa jabatan tahun        Conflict of Interest signed by the Board of Commissioners for the
      2025. Surat tersebut berisi pernyataan, termasuk namun tidak        term of office period of the year 2025. The letter contains the
      terbatas pada:                                                      statement, but is not limited to the following:
      1.   Tidak menerima atau memberikan suatu hal dalam bentuk          1.    Not accepting or providing anything in any form whatsoever
           apapun kepada pihak lain yang dapat mempengaruhi                     to another party that may influence independency.
           independensi.
      2. Tidak ikut serta dalam proses pengambilan keputusan yang         2.   Not taking part in the decision-making process that contains
           mengandung unsur benturan kepentingan oleh pemegang                 the element of conflict of interest by the Company’s
           saham independen Perseroan.                                         independent shareholders.
      3. Mendahulukan kepentingan ekonomis Perseroan di atas              3.   Prioritizing the Company’s economic interests above the
           kepentingan ekonomis pribadi, keluarga, dan pihak lainnya.          personal, family, or other parties’ economic interests.


      DIREKSI                                                             BOARD OF DIRECTORS
      Sebagai salah satu organ utama Perseroan, Direksi bertanggung       As one of the main organs of the Company, the Board of Directors
      jawab untuk menjalankan pengurusan Perseroan sesuai dengan          is responsible for carrying out the management of the Company
      kepentingan serta maksud dan tujuan Perseroan. Pelaksanaan          in accordance with the interests as well as the purpose and
      tugas tersebut mencakup penetapan dan pengelolaan arah              goals of the Company. Implementation of these duties includes
      strategis Perseroan, menjaga aset Perseroan serta berwenang         determining and managing the Company’s strategic direction,
      mewakili Perseroan baik di dalam maupun di luar pengadilan.         safeguarding the Company’s assets and having the authority to
      Setiap anggota Direksi bertanggung jawab penuh baik secara          represent the Company both inside and outside of the court.
      pribadi maupun bersama atas kerugian Perseroan apabila yang         Every member of the Board of Directors is fully responsible, both
      bersangkutan terbukti tidak mematuhi Peraturan Perseroan atau       personally and collegially, for the Company’s losses should the
      peraturan perundangan yang berlaku.                                 concerned member beproven to have not complied with the
                                                                          Company’s Regulations or applicable laws and regulations.


      KOMPOSISI DAN MASA JABATAN DIREKSI                                  COMPOSITION AND TERM OF OFFICE OF THE
                                                                          BOARD OF DIRECTORS
      Komposisi Direksi Perseroan terdiri dari 3 (tiga) anggota, yaitu    The composition of the Board of Directors of the Company
      1 (satu) Direktur Utama dan 2 (dua) Direktur. Pengangkatan          consists of 3 (three) members, namely 1 (one) President Director
      anggota Direksi dilakukan melalui mekanisme RUPS berdasarkan        and 2 (two) Directors. The appointment of members of the Board
      rekomendasi dan seleksi oleh Komite Nominasi dan Remunerasi.        of Directors is conducted through the GMS mechanism based
                                                                          on the recommendation and selection of the Nomination and
                                                                          Remuneration Committee.


      Periode jabatan masing-masing anggota Direksi adalah 3 (tiga)       The term of office period of each member of the Board of Directors
      tahun dan dapat diangkat kembali sesuai keputusan RUPS. Jabatan     is 3 (three) years, and they may be reappointed in accordance with
      anggota Direksi akan berakhir apabila mengundurkan diri, tidak      a GMS resolution. The term of office of members of the Board of
      lagi memenuhi persyaratan, meninggal dunia, atau diberhentikan      Directors ends upon resignation, no longer fulfilling requirements,
      berdasarkan keputusan RUPS.                                         passing away, or dismissal based on GMS resolution.




174      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 177
                                                                                Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
       Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




Susunan Direksi per 31 Desember 2025 adalah sebagai berikut:            The composition of the Board of Directors as of 31 December
                                                                        2025 is as follows:


                                Nama                                            Jabatan                                 Periode Jabatan
 No
                                Name                                            Position                                 Term of Office
  1.    Resza Adikreshna                                  Direktur Utama | President Director                             2024-2027
  2.    Melky Aliandri                                    Direktur | Director                                             2024-2027
  3.    Sisilia                                           Direktur | Director                                             2024-2027


TUGAS DAN TANGGUNG JAWAB                                                DUTIES AND RESPONSIBILITIES
Sebagaimana diatur dalam Pedoman Dewan dan Anggaran                     As stipulated in the Board Manual and the Company’s Articles
Dasar Perseroan, lingkup tugas dan tanggung jawab Direksi               of Association, the scope of duties and responsibilities of the
Perseroan mencakup penerapan sistem pengendalian internal,              Board of Directors of the Company includes the implementation
sistem manajemen risiko, pelaksanaan fungsi audit internal, dan         of an internal control system, a risk management system, the
pengambilan tindakan berdasarkan temuan-temuan Corporate                implementation of an internal audit, and the taking of actions
Internal Audit sesuai dengan arahan Dewan Komisaris. Uraian             based on the findings of the Corporate Internal Audit based
lengkap mengenai tugas dan tanggung jawab Direksi diatur dalam          on the directives of the Board of Commissioners. A complete
Pedoman Dewan Komisaris dan Direksi (Board Manual).                     description ofthe duties and responsibilities of the Board of
                                                                        Directors is stipulated in the Board Manual of the Board of
                                                                        Commissioners and the Board of Directors.


Agar pelaksanaan tugas dan tangung jawab Direksi dapat berjalan         For the implementation of duties and responsibilities of the Board
efektif, Perseroan telah melakukan pembagian tugas yang                 of Directors to run effectively, the Company has conducted
jelas dan transparan terhadap masing-masing Direktur dengan             a clear and transparent division of tasks for each Director by
mempertimbangkan pengalaman profesional dan latar belakang              taking into account their respective professional experience and
keahlian masing-masing, yaitu sebagai berikut:                          expertise background, namely as follows:


                  Jabatan                                                       Ruang Lingkup Tugas
                  Position                                                         Scope of Duty
 Direktur Utama | President Director    Bertanggung jawab terhadap seluruh kegiatan operasional
                                        Responsbile for all operational activities
 Direktur | Director                    Bertanggung jawab atas bidang keuangan
                                        Responsible for finance.
 Direktur | Director                    Bertanggung jawab atas bidang corporate strategy, development, TI, dan corporate affairs
                                        Responsible for corporate strategy, development, IT and corporate affairs.




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         Kilas Kinerja            Laporan Manajemen          Profil Perusahaan             Unit Pendukung Bisnis
      Performance Highlights       Management Report            Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      RAPAT DIREKSI                                                               MEETING OF THE BOARD OF DIRECTORS

      Kebijakan Rapat                                                             Meeting Policy
      Mengacu pada ketentuan POJK No. 33/POJK.04/2014 (“POJK                      Referring to the provisions in POJK No. 33/POJK.04/2014 (“POJK
      33/2014”) tentang Direksi dan Dewan Komisaris Emiten atau                   33/2014”) regarding the Board of Directors and the Board of
      Perusahaan Publik menyatakan, Direksi wajib mengadakan rapat                Commissioners of Issuers or Public Companies which states that
      secara berkala sekurang-kurangnya 1 (satu) kali setiap bulan. Di            the Board of Directors is obligated to conduct periodic meetings
      luar itu, Direksi juga dapat mengadakan rapat sewaktu-waktu                 at least 1 (one) time every month. Beyond that, the Board of
      apabila dianggap perlu oleh seorang atau lebih anggota Dewan                Directors may also hold meetings at any time if deemed necessary
      Komisaris atau atas permintaan tertulis dari Direksi atau atas              by one or more members of the Board of Commissioners or
      permintaan tertulis 1 (satu) pemegang saham atau lebih bersama-             upon a written request from the Board of Directors or upon a
      sama memiliki 1/10 (satu persepuluh) bagian atau lebih dari jumlah          written request from 1 (one) or more shareholders that altogether
      seluruh saham yang telah ditempatkan oleh Perseroan dengan hak              hold 1/10 (one tenth) or more of the total shares placed by the
      suara yang sah dengan memperhatikan peraturan yang berlaku di               Company with authorized voting rights by taking into account
      bidang pasar modal.                                                         applicable regulations in the capital market.


      Jumlah Rapat dan Frekuensi Kehadiran                                        Number of Meeting and Frequency of Attendance
      Sepanjang tahun 2025, Direksi telah menyelenggarakan 12 (dua                Throughout the year 2025, the Board of Directors held 12 (twelve)
      belas) kali rapat dengan tingkat kehadiran sebagai berikut:                 meetings with the level of attendance as follows:


                          Nama                    Jabatan                    Jumlah Rapat            Jumlah Kehadiran        Tingkat Kehadiran
       No
                          Name                    Position                 Number of Meeting       Number of Attendance     Level of Attendance
        1.      Resza Adikreshna          Direktur Utama                          12                             11                   91%
                                          Pesident Director
        2.      Melky Aliandri            Direktur | Director                     12                             12                   100%
        3.      Sisilia                   Direktur | Director                     12                             12                   100%


       Agenda Rapat
       Meeting Agenda
                                                                                                                            Kehadiran
                      Tanggal Rapat                                        Agenda Rapat
       No                                                                                                                   Attendance
                     Date of Meeting                                      Meeting Agenda
                                                                                                                      RA        MA           SSL
        1.      3 Februari 2025             Update Aktivitas Perseroan                                                 v          v           v
                3 February 2025             Update on Company’s Activities
        2.      24 Februari 2025            Update Aktivitas Perseroan                                                 v          v           v
                24 February 2025            Update on Company’s Activities
        3.      24 Februari 2025            Pembahasan Audit Progress per 31 Desember 2024                             v          v           v
                24 February 2025            Discussion on Audit Progress as of 31 December 2024
        4.      10 Maret 2025               Update Aktivitas Perseroan                                                 v          v           v
                10 March 2025               Update on Company’s Activities
        5.      24 Maret 2025               Laporan Keuangan Tahunan per 31 Desember 2024                              v          v           v
                24 March 2025               Annual Financial Statements as of 31 December 2024
        6.      5 Mei 2025                  Update Aktivitas Perseroan                                                 v          v           v
                5 May 2025                  Update on Company’s Activities




176          PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 179
                                                                                       Tanggung Jawab Sosial Perusahaan/
             Analisis dan
                                                    Tata Kelola Perusahaan                   Laporan Berkelanjutan
        Pembahasan Manajemen
                                                    Good Corporate Governance               Corporate Social Responsibility/
    Management Discussion and Analysis
                                                                                                 Sustainable Report




                                                                                               Laporan Tata Kelola Perusahaan
                                                                                                                    Report on Corporate Governance




                                                                                                                                    Kehadiran
              Tanggal Rapat                                          Agenda Rapat
 No                                                                                                                                 Attendance
             Date of Meeting                                        Meeting Agenda
                                                                                                                               RA      MA        SSL
  7.     2 Juni 2025                      Rencana RUPST Tahun Buku 2024                                                        v        v         v
         2 June 2025                      Plans on Annual GMS for Financial Year 2024
  8.     30 Juni 2025                     Update Aktivitas Perseroan                                                           v        v         v
         30 June 2025                     Update on Company’s Activities
  9.     28 Juli 2025                     Update Aktivitas Perseroan                                                           x        v         v
         28 July 2025                     Update on Company’s Activities
 10.     6 Oktober 2025                   Rencana Pelaksanaan Proyek Rasuna Park                                               v        v         v
         6 October 2025                   Plans on Implementation of Rasuna Park Project
  11.    6 November 2025                  Rencana Opsi Investasi Business Recurring                                            v        v         v
         6 November 2025                  Plans on Recurring Business Investment Option
 12.     9 Desember 2025                  Budget Plan & Budget Tahun 2026                                                      v        v         v
         9 December 2025                  Budget Plan & 2026 Budget

Keterangan | Note:
RA: Resza Adikreshna
MA: Melky Aliandri
SSL: Sisilia


RAPAT GABUNGAN                           DIREKSI    DAN        DEWAN            JOINT MEETINGS OF THE BOARD OF DIRECTORS
KOMISARIS                                                                       AND THE BOARD OF COMMISSIONERS

Kebijakan Rapat                                                                 Meeting Policy
Selain mengadakan rapat internal, Dewan Komisaris juga                          Aside from internal meetings, the Board of Commissioners also
menyelenggarakan rapat berkala bersama Direksi untuk                            holds periodic joint meetings with the Board of Directors to
membahas perkembangan kondisi Perseroan termasuk hambatan                       discuss the development of the Company’s condition, including
yang dihadapi baik dari segi pengelolaan operasional maupun                     obstacles faced in terms of both operational and financial
keuangan. Dalam rapat gabungan tersebut, Dewan Komisaris                        management. In these meetings, the Board of Commissioners
memberikan rekomendasi kepada Direksi terkait permasalah                        provides recommendations to the Board of Directors concerning
yang dihadapi agar proses pencapaianan tujuan Perseroan tidak                   issues faced so that the process of achieving the Company’s
terhambat. Mengacu pada Pedoman Dewan dan POJK 33/2014,                         goals is not hampered. Referring to the Board Manual and POJK
Dewan Komisaris wajib mengadakan rapat gabungan bersama                         33/2014, the Board of Commissioners is obligated to hold periodic
Direksi secara berkala paling kurang 1 (satu) kali dalam 4 (empat)              joint meetings with the Board of Directors at least 1 (one) time
bulan.                                                                          every 4 (four) months.




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      Performance Highlights         Management Report         Company Profile                 Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Jumlah Rapat dan Frekuensi Kehadiran                                         Number of Meeting and Frequency of Attendance
      Sepanjang tahun 2025, Dewan Komisaris dan Direksi telah                      Throughout the year 2025, the Board of Commissioners and
      menyelenggarakan 3 (tiga) kali rapat dengan tingkat kehadiran                the Board of Directors held 3 (three) meetings with the level of
      sebagai berikut:                                                             attendance as follows:


                                                                                                             Jumlah Kehadiran
                             Nama                        Jabatan                   Jumlah Rapat                                  Tingkat Kehadiran
       No                                                                                                       Number of
                             Name                        Position                Number of Meeting                              Level of Attendance
                                                                                                               Attendance
        1.      Bambang Irawan Hendradi         Komisaris Utama                          3                             3              100%
                                                President Commissioner
        2.      Armansyah Yamin                 Komisaris | Commissioner                 3                             3              100%
        3.      Kanaka Puradiredja              Komisaris | Commissioner                 3                             3              100%
        4.      Resza Adikreshna                Direktur Utama                           3                             3              100%
                                                President Director
        5.      Melky Aliandri                  Direktur | Director                      3                             3              100%
        6.      Sisilia                         Direktur | Director                      3                             3              100%


       Agenda Rapat
       Meeting Agenda
                           Tanggal Rapat                                                       Agenda Rapat
       No
                          Date of Meeting                                                     Meeting Agenda
        1.      24 Maret 2025                       Laporan Keuangan Tahunan per 31 Desember 2024
                24 March 2025                       Annual Financial Statements as of 31 December 2024
        2.      2 Juni 2025                         Rencana RUPST Tahun Buku 2024
                2 June 2025                         Plans on Annual GMS for Financial Year 2024
        3.      9 Desember 2025                     Business Plan dan Budget Tahun 2026
                9 December 2025                     2026 Business Plan and Budget



      PEDOMAN TATA TERTIB KERJA DIREKSI                                            WORK PROCEDURE GUIDELINES OF THE BOARD
                                                                                   OF DIRECTORS
      Perseroan telah memiliki Pedoman Tata Tertib Kerja Direksi                   The Company has retained the Guidelines on Work Procedure
      yang dituangkan dalam Pedoman Dewan dan telah disahkan                       of the Board of Directors contained in the Board Manual and
      melalui Surat Keputusan Direksi dan Komisaris PT Bakrieland                  ratified through Decree of the Board of Directors and the Board of
      Development Tbk No. 001/KOM-DIR-PERSEROAN/SK/I/2016                          Commissioners of PT Bakrieland Development Tbk No. 001/KOM-
      tentang Pengesahan Board Manual. Pedoman Dewan tersebut                      DIR-PERSEROAN/SK/I/2016 regarding the Ratification of the Board
      berisikan aturan kerja bagi Direksi dan Dewan Komisaris yang                 Manual. This Board Manual contains the work procedures for the
      wajib digunakan sebagai referensi bagi seluruh anggota dalam                 Board of Directors and the Board of Commissioners, which must
      melaksanakan tugas, tanggung jawab, dan wewenang masing-                     be used as reference by all members in carrying out their duties,
      masing organ sesuai ketentuan hukum dan peraturan yang                       responsibilities and authorities of each organ in accordance with
      berlaku, sesuai dengan Anggaran Dasar Perseroan dan selaras                  applicable laws and regulations, in accordance with the Company
      dengan praktik terbaik GCG.                                                  Articles of Association, and in alignment with GCG best practices.




178          PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                   www.bakrieland.com
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          Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




Secara garis besar, Pedoman Dewan Perseroan mengatur hal-hal            In general, the Company Board Manual stipulates the
sebagai berikut:                                                        followingmatters:
1.  Setiap Anggota Direksi wajib dengan itikad baik dan penuh           1.   Each Member of the Board of Directors is obligated, with
    tanggung jawab menjalankan tugas untuk kepentingan dan                   good intention and fully responsibility, tocarry out the duties
    usaha Perseroan.                                                         for the interests and business of the Company.
2. Tunduk pada ketentuan undang-undang yang berlaku,                    2. Complies with provisions of applicable laws, Articles of
    Anggaran Dasar dan keputusan RUPS serta memastikan                       Association and GMS resolutions, as well as ensures that
    seluruh aktivitas Perseroan telah sesuai dengan ketentuan                all Company activities are in accordance with provisions of
    peraturan perundang-undangan yang berlaku, Anggaran                      applicable laws and regulations, the Articles of Association
    Dasar dan keputusan RUPS.                                                and GMS resolutions.
3. Memimpin dan mengurus Perseroan sesuai dengan maksud                 3. Leads and manages the Company in accordance with the
    dan tujuan Perseroan dan senantiasa berusaha untuk                       Company’s purpose and goals and always strives to improve
    meningkatkan efisiensi dan efektivitas Perseroan.                        efficiency and effectiveness of the Company.
4. Menguasai, memelihara dan mengurus kekayaan Perseroan.               4. Control, maintain, and manage the Company’s wealth.
5. Bertanggung jawab penuh dalam melaksanakan tugasnya                  5. Fully responsible forconducting duties for the interests of
    untuk kepentingan Perseroan dalam mencapai visi, misi dan                the Company in reaching the vision, mission, and goals of the
    tujuan Perseroan.                                                        Company.
6. Mewakili Perseroan baik di dalam maupun di luar pengadilan.          6. Represent the Company both inside and outside of the court.
7. Melakukan segala tindakan dan perbuatan, baik mengenai               7. Take all actions and deeds, both concerning the management
    pengurusan maupun pemilikan serta mengikat Perseroan                     and ownership and binding the Company with other parties
    dengan pihak lain dan atau pihak lain dengan Perseroan,                  and/or other parties with the Company, with certain
    dengan pembatasan tertentu.                                              limitations.
8. Menyiapkan susunan organisasi pengurus Perseroan lengkap             8. Prepare the Company’s management organizational
    dengan perincian tugasnya.                                               structure complete with details of the duties.
9. Menerapkan GCG secara konsisten.                                     9. Implement GCG consistently.
10. Wajib menyelenggarakan dan menyimpan Daftar Khusus                  10. Obligated to organize and keep-safe a Special List in
    sesuai ketentuan peraturan perundang-undangan.                           accordance with statutory provisions.
11. Bertanggung jawab secara pribadi atas kesalahan dan                 11. Personally responsible for mistakes and negligence in
    kelalaiannya dalam menjalankan tugas.                                    carrying out assigned duties


PELATIHAN DAN PENGEMBANGAN KOMPETENSI                                   TRAINING AND COMPETENCY DEVELOPMENT
Direksi mengikuti program pelatihan dan pengembangan                    The Board of Directors takes part in training and competency
kompetensi atas inisiatif pribadi di luar lingkungan Perseroan.         development programs at their personal initiative outside of the
                                                                        Company.


PROGRAM ORIENTASI BAGI DIREKTUR BARU                                    ORIENTATION PROGRAM FOR NEW DIRECTORS
Perseroan memiliki program orientasi bagi Direksi yang baru             The Company retains an orientation program for newly appointed
menjabat dengan tujuan untuk memberikan pemahaman                       members of the Board of Directors with the intention to provide
mendalam terhadap visi, misi, strategi, tata kelola perusahaan,         in-depth understanding of the vision, mission, strategy, corporate
dan tanggung jawab spesifik direktur. Program ini bertujuan untuk       governance and director-specific responsibilities. This program
mempercepat adaptasi dan penyelarasan budaya perusahaan,                aims at accelerating the adaptation and alignment of the
sehingga Direktur baru dapat menjalankan tugas secara efektif.          corporate culture so that the new Director may carry out the
Pada tahun 2025, Perseroan tidak menyelenggarakan program ini           duties effectively. In the year 2025, the Company did not hold
dikarenakan komposisi Direksi tidak mengalami perubahan dari            this program, as the composition of the Board of Directors did not
tahun sebelumnya.                                                       experience any changes from the previous year.




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      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      PENILAIAN KOMITE DI BAWAH DIREKSI                                     ASSESSMENT OF COMMITTEES UNDER THE
                                                                            BOARD OF DIRECTORS
      Hingga akhir tahun 2025, Direksi tidak memiliki komite-komite di      Until the end of the year 2025, the Board of Directors did not have
      bawah Direksi. Adapun organ Tata Kelola lainnya yang berada di        subordinating committees. However, other Governance organs
      bawah Direksi, yaitu Sekretaris Perseroan dan Unit Audit Internal,    under the Board of Directors,namely the Corporate Secretary and
      telah bekerja dengan optimal dan profesional sesuai dengan peran      Internal Audit Unit, have worked optimally and professionally in
      dan tanggung jawabnya.                                                accordance with their roles and responsibilities.


      PENILAIAN KINERJA DEWAN KOMISARIS DAN                                 PERFORMANCE ASSESSMENT OF THE BOARD OF
      DIREKSI                                                               COMMISSINERS AND THE BOARD OF DIRECTORS

      Prosedur Penilaian Kinerja                                            Procedures in Performance Assessment
      Penilaian dan evaluasi terhadap kinerja Dewan Komisaris dan           Assessment and evaluation ofthe performance of the Board of
      Direksi dilakukan secara internal oleh Pemegang Saham dalam           Commissioners and Board of Directors are conducted internally by
      RUPS Tahunan berdasarkan pelaksanaan tugas dan kewajibannya           the Shareholders at the Annual GMS based on the implementation
      sebagaimana tercantum dalam Anggaran Dasar Perseroan.                 of duties and responsibilities as stated in the Company Articles
      Penilaian kinerja komite di bawah Dewan Komisaris ditentukan          of Association. Performance assessment of committees under
      berdasarkan pencapaian tugas dan tanggung jawab yang                  the Board of Commissioners is determined based on the
      ditetapkan Dewan Komisaris yang akan memberikan penilaian             achievements of their duties and responsibilities setforth by the
      satu tahun sekali sebelum RUPS Tahunan diadakan.                      Board of Commissioners that will provide assessment once a year
                                                                            before the Annual GMS is held.


      Kriteria Penilaian Kinerja                                            Criteria in Performance Assessment
      Tata cara penilaian kinerja Dewan Komisaris, Direksi, dan Komite      The performance assessment procedure of the Board of
      dilakukan dengan mengacu pada pencapaian Key Performance              Commissioners, the Board of Directors, and Committees is
      Indicator (KPI) yang telah disusun dalam rapat Dewan Komisaris        conducted with reference to the Key Performance Indicator
      dan diputuskan oleh Dewan Komisaris. Aspek KPI tersebut antara        (KPI) achievement prepared in the Board of Commissioners’
      lain meliputi, tetapi tidak terbatas pada perspektif keuangan,        meeting and decided by the Board of Commissioners. This KPI
      pelanggan, proses internal, pengembangan sumber daya                  aspect, among others, includes but is not limited to the financial,
      manusia, dan kepemimpinan. Penetapan KPI harus memenuhi               customer, internal process, human resource development,
      kriteria Specific, Measurable, Accurate, Reliable, dan Time-bound     and leadership perspectives. Determining the KPI must fulfil
      (SMART).                                                              the Specific, Measurable, Accurate, Reliable, and Time-bound
                                                                            (SMART) criteria.


      Komponen yang tercantum dalam KPI berfokus pada sasaran kerja         The components contained in the KPI are focused on work
      yang dicapai dalam periode tertentu sesuai rencana dan target kerja   targets achieved within a certain period according to work plans
      yang telah ditetapkan dalam Rencana Kerja dan Anggaran Tahunan.       and targets set-forth in the Annual Work Plan and Budget. KPI
      KPI senantiasa dikaji ulang secara berkala untuk menyesuaikan         is always reviewed regularly in order to adjust to the Company’s
      dengan perkembangan Perseroan sehingga tetap relevan terhadap         development so that it remains relevant for implementation. The
      implementasinya. Prosedur dan penetapan penyusunan KPI diatur         procedures and establishment of the KPI are stipulated further in
      lebih lanjut dalam Surat Keputusan Dewan Komisaris.                   the Decree of the Board of Commissioners.


      Hasil evaluasi terhadap kinerja Dewan Komisaris, Direksi, dan         Results of assessment on the overall performance of the Board of
      Komite secara keseluruhan dan kinerja perorangan setiap anggota       Commissioners, the Board of Directors and Committees, and the
      merupakan bagian tidak terpisahkan dalam skema kompensasi             individual performance of each member are an integral part ofthe
      dan pemberian insentif. Tata cara evaluasi kinerja Direksi, Dewan     compensation scheme and incentive provision. The procedures
      Komisaris, dan komite di bawah Dewan Komisaris diatur dalam SK        for assessing the performance of the Board of Directors, the
      Dewan Komisaris No.198/Kom-BLD/SK/XII/09.                             Board of Commissioners, and the Committees under the Board
                                                                            of commissioners are regulated in the Decree of the Board of
                                                                            Commissioners No. 198/Kom-BLD/SK/XII/09.




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                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
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                                            Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                       Laporan Tata Kelola Perusahaan
                                                                                                            Report on Corporate Governance




Pihak Penilai                                                           The Assessor
Pihak yang melakukan penilaian terhadap kinerja Direksi adalah          The party that conducts the assessment on the performance
Dewan Komisaris, sedangkan pihak yang melakukan penilaian               of the Board of Directors is the Board of Commissioners, while
atas kinerja Dewan Komisaris adalah pemegang saham melalui              performance assessment of the Board of Commissioners is
mekanisme RUPS.                                                         carried out by the shareholders through the GMS mechanism.


KEBIJAKAN REMUNERASI DEWAN KOMISARIS                                    REMUNERATION POLICY OF THE BOARD
DAN DIREKSI                                                             OF COMMISSIONERS AND THE BOARD OF
                                                                        DIRECTORS
Anggota Dewan Komisaris dan Direksi Perseroan diangkat dan              Members of the Board of Commissioners and the Board of
diberhentikan oleh RUPS. Setiap usulan penggantian dan/atau             Directors of the Company are appointed and dismissed by
pemberhentian anggota Dewan Komisaris dan Direksi disampaikan           the GMS. Every recommendation on the replacement and/
kepada RUPS dengan mempertimbangkan rekomendasi dari                    or dismissal of members of the Board of Commissioners
Komite Nominasi dan Remunerasi. Dalam menjalankan fungsi                and the Board of Directors issubmitted to the GMS with
nominasi, Komite Nominasi dan Remunerasi bertugas membantu              consideration of the recommendation from the Nomination
Dewan Komisaris dalam mempersiapkan calon anggota Dewan                 and Remuneration Committee. In carrying out the nomination
Komisaris dan Direksi serta mengusulkan besaran remunerasinya.          function, the Nomination and Remuneration Committee is
Dewan Komisaris juga dapat mengajukan calon tersebut dan                assigned to assist the Board of Commissioners in preparing the
remunerasinya untuk memperoleh keputusan RUPS dengan cara               candidates for members of the Board of Commissioners and
sesuai dengan ketentuan Anggaran Dasar Perseroan.                       the Board of Directors as well as suggesting the amount of their
                                                                        remunerations. The Board of Commissioners also proposes the
                                                                        candidates and their remunerations for the approval of the GMS
                                                                        by means in accordance with provisions of the Company Articles
                                                                        of Association


PROSEDUR PENETAPAN REMUNERASI DEWAN                                     PROCEDURES     IN   DETERMINING      THE
KOMISARIS DAN DIREKSI                                                   REMUNERATION     OF   THE   BOARD     OF
                                                                        COMMISSIONERS AND THE BOARD OF DIRECTORS
Sesuai ketentuan Anggaran Dasar Perseroan, Dewan Komisaris dan          In accordance with the Company Articles of Association, the
Direksi berhak atas sejumlah remunerasi yang telah disetujui oleh       Board of Commissioners and the Board of Directors are entitled to
pemegang saham melalui RUPS berdasarkan kajian dan usulan yang          a certain amount of remuneration as approved by the shareholders
disampaikan oleh Komite Nominasi dan Remunerasi. Akan tetapi,           through the GMS based on the study and proposals submitted by
pada pelaksanaannya, wewenang penetapan remunerasi Dewan                the Nomination and Remuneration Committee. However, in its
Komisaris dan Direksi juga dapat dilimpahkan oleh RUPS kepada           implementation, the authority to determine the remuneration of
Dewan Komisaris dengan tetap memperhatikan rekomendasi dari             the Board of Commissioners and the Board of Directors can also
Komite Nominasi dan Remunerasi. Selanjutnya, Dewan Komisaris            be delegated by the GMS to the Board of Commissioners while
akan mengusulkan jumlah kompensasi berdasarkan rekomendasi              still taking into account the recommendations of the Nomination
dari Komite Remunerasi dan Nominasi, untuk disetujui dalam RUPST.       and Remuneration Committee.




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      Performance Highlights    Management Report        Company Profile               Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      STRUKTUR REMUNERASI                                                    REMUNERATION STRUCTURE
      Dewan Komisaris dan Direksi menerima imbalan jasa dalam bentuk         The Board of Commissioners and the Board of Directors receive
      gaji, tunjangan, dan fasilitas.                                        compensation in the form of salary, allowances, and facilities.


      BESARAN REMUNERASI                                                     AMOUNT OF REMUNERATION
      Melalui Surat Keputusan Dewan Komisaris No.006/KOM-BLD/SK/             Through Decree of the Board of Commissioners No. 006/
      XII/2011 tentang Penetapan Struktur Gaji Direksi dan Komisaris,        KOM-BLD/SK/ XII/2011on Determining the Salary Structure of
      Perseroan secara transparan mengatur besaran gaji per bulan bagi       the Board of Directors and the Board of Commissioners, the
      anggota Direksi dan Dewan Komisaris, rentang gaji satu sama            Company transparently determines the amount of monthly
      lain, serta pertimbangan yang mendasari penentuan besaran gaji         salary for members of the Board of Directors and the Board of
      tersebut. Surat Keputusan tersebut merupakan penyempurnaan             Commissioners, salary ranges between them, as well as underlying
      dari Surat Keputusan Dewan Komisaris No.19/ Kom-BLD/SK/                considerations in determining the amount of salary. This Decree
      XII/09 yang juga mengatur besaran gaji anggota Direksi dan             is arefinement to Decree of the Board of Commissioners No.
      Dewan Komisaris.                                                       19/ Kom-BLD/SK/XII/09, which also determines the salary
                                                                             amounts of members of the Board of Directors and the Board of
                                                                             Commissioners.


      Besaran remunerasi yang ditetapkan bagi anggota Dewan                  The amounts of remunerations determined for members of
      Komisaris dan Direksi Perseroan senantiasa memperhatikan               the Board of Commissioners and the Board of Directors of the
      besaran penghasilan tahun-tahun sebelumnya, beban tugas dan            Company always take into account the amount of compensation
      tanggung jawab, serta disesuaikan dengan tingkat remunerasi            of the previous years, the load of duties and responsibilities, and
      eksekutif pada industri sejenis. Pada tahun 2025, Dewan Komisaris      the level of executive remuneration in similar industries. In 2025,
      menerima remunerasi sebesar Rp 1.961.520.000 dan Direksi               the Board of Commissioners received remuneration at the total
      menerima remunerasi sebesar Rp 2.860.690.000.                          amount of Rp 1,961,520,000, and the Board of Directors at the
                                                                             total amount of Rp 2,860,690,000.


                                                                           2025                                            2024
                          Komponen
                                                          Tertinggi               Terendah                     Tertinggi             Terendah
                          Component
                                                           Highest                 Lowest                       Highest               Lowest
       Gaji/Tahun (Rp) | Salary/Year (Rp)                    584.635.333             67.200.000                 636.940.033             71.339.305
       Tunjangan/Tahun (Rp) | Allowance/Year (Rp)          204.000.000                8.400.000                 211.000.000              9.100.000
       Total                                                 788.635.333             75.600.000                 847.940.033            80.439.305


      HUBUNGAN AFILIASI                                                      AFFILIATION
      Seluruh anggota Dewan Komisaris dan Direksi Perseroan tidak            All members of the Board of Commissioners and the Board of
      memiliki hubungan afiliasi baik dalam hal kekeluargaan, finansial      Directors of the Company have no affiliated relationship, either
      dan bisnis baik antara sesama anggota Direksi, antara anggota          through family, finance or business ties, among members of the
      Direksi dengan anggota Dewan Komisaris, antara anggota Direksi         Board of Directors, among members of the Board of Directors
      dengan Pemegang Saham Pengendali, antar anggota Dewan                  with members of the Board of Commissioners, among members
      Komisaris, antara anggota Dewan Komisaris dengan pemegang              of the Board of Directors andthe Controlling Shareholders, among
      saham utama dan/atau pengendali. Hal ini dinyatakan melalui            members of the Board of Commissioners, among members of
      Surat Pernyataan Tidak Memiliki Benturan Kepentingan yang telah        the Board of Commissioners with the majority and/or controlling
      ditandatangani oleh Direksi untuk masa jabatan pada 2025.              shareholder. This is disclosed in the Statement Letter on No conflict
                                                                             of Interest signed by the Board of Directors for the 2025 term of
                                                                             office.




182      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                       www.bakrieland.com
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                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




KOMITE-KOMITE DI BAWAH DEWAN KOMISARIS                                  COMMITTEES   UNDER                              THE   BOARD     OF
                                                                        COMMISSIONERS

KOMITE AUDIT                                                            AUDIT COMMITTEE
Komite Audit merupakan organ pendukung di bawah Dewan                   The Audit Committee is a supporting organ under the Board of
Komisaris yang bertugas memberikan nasihat dan jaminan                  Commissioners assigned to provide advice and guarantee the
atas integritas pengungkapan keuangan Perseroan, melakukan              integrity of the Company’s financial disclosure, supervision of the
pengawasan terhadap pengendalian internal, manajemen risiko             internal control, risk management, and internal audit, as well as
dan audit internal, serta memantau kepatuhan Perseroan terhadap         monitoring of the Company’s compliance with applicable laws
peraturan perundang-undangan yang berlaku. Pembentukan                  and regulations. The establishment of the Audit Committee in
Komite Audit di Perseroan mengacu pada Surat Keputusan No.              the Company referred to Decree No. 003/KOMPERSEROAN/
003/KOMPERSEROAN/SKDK/VIII/2022 dan Surat Keputusan No.                 SKDK/VIII/2022 and Decree No. 001/KOMPERSEROAN/SKDK/
001/KOMPERSEROAN/SKDK/II/2023 tentang Pemberhentian,                    II/2023 regarding the Dismissal, Appointment, and Ratification of
Pengangkatan dan Pengesahan Komite Audit PT Bakrieland                  the Audit Committee of PT Bakrieland Development Tbk.
Development Tbk.


Komposisi dan Masa Jabatan Komite Audit                                 Composition and Term of Office of the Audit Committee
Komposisi Komite Audit Perseroan terdiri 1 (satu) orang Komisaris       The composition of the Company’s Audit Committee consists of
Independen sebagai ketua merangkap anggota dan 2 (dua)                  1 (one) Independent Commissioner as chairman concurrently as
orang pihak eksternal yang independen sebagai anggota yang              member and 2 (two) independent members from external parties
telah memenuhi persyaratan independensi sebagaimana diatur              and members who have fulfilled the independency requirements
dalam POJK No. 55/POJK.04/2015 tentang Pembentukan dan                  as regulated in POJK No. 55/POJK.04/2015 concerning the
Pelaksanaan Kerja Komite Audit.                                         Establishment and Work Implementation of Audit Committees.


Masa jabatan anggota Dewan Komisaris yang merangkap sebagai             The term of office of members of the Board of Commissioners
anggota Komite Audit adalah sama dengan masa jabatannya                 concurrently as members of the Audit Committee is the same as
sebagai anggota Dewan Komisaris sebagaimana ditetapkan                  the term of office as members of the Board of Commissioners as
melalui RUPS.                                                           determined through the GMS.




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      Performance Highlights         Management Report           Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Pada tahun 2025, komposisi Komite Audit Perseroan berdasarkan                In the year 2025, the composition of the Audit Committee of the
      Surat Keputusan Dewan Komisaris PT Bakrieland Development                    Company based on Decree of the Board of Commissioners of PT
      Tbk No. 001/KOM-PERSEROAN/SKDK/VI/2025 mengalami                             Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/
      perubahan anggota dengan kronologis sebagai berikut.                         VI/2025, has changed in the members with chronology as follows:


                                Nama                             Jabatan                                       Periode Jabatan
       No
                                Name                             Position                                       Term of Office
        1.      Kanaka Puradiredja                       Ketua | Chairman           Periode Menjabat ke-2
                                                                                    19 Juni 2025 – 30 hari setelah realisasi RUPST 2027
                                                                                    Term of Office-2
                                                                                    19 June 2025 – 30 days following 2027 Annual GMS
        2.      Soenarso Soemodiwirjo                    Anggota | Member           Periode Menjabat ke-2
                                                                                    19 Juni 2025 – 30 hari setelah realisasi RUPST 2027
                                                                                    Term of Office-2
                                                                                    19 June 2025 – 30 days following 2027 Annual GMS
        3.      Mohamad Hassan                           Anggota | Member           Periode Menjabat ke-2 (Terakhir)
                                                                                    17 Februari 2023 – 19 Juni 2025
                                                                                    Term of Office-2 (Last)
                                                                                    17 February 2023 – 19 June 2025
        4.      Indra Safitri                            Anggota | Member           Periode Menjabat ke-1
                                                                                    19 Juni 2025 – 30 hari setelah realisasi RUPST 2027
                                                                                    Term of Office-1
                                                                                    19 June 2025 – 30 days following 2027 Annual GMS



      PROFIL ANGGOTA KOMITE AUDIT                                                  PROFILE OF MEMBERS OF THE AUDIT COMMITTEE

      Kanaka Puradiredja – Ketua Komite Audit                                      Kanaka Puradiredja – Chairman of the Audit Committee
      Beliau diangkat sebagai Ketua Komite Audit berdasarkan Surat                 He was appointed as Chairman of the Audit Committee based
      Keputusan Dewan Komisaris PT Bakrieland Development Tbk No.                  on Decree of the Board of Commissioners of PT Bakrieland
      001/KOM-PERSEROAN/SKDK/VI/2025. Beliau memiliki rangkap                      Development Tbk No. 001/KOM-PERSEROAN/SKDK/VI/2025. He
      jabatan sebagai Komisaris Independen serta Ketua Komite                      has a concurrent position as Independent Commissioner as well
      Nominasi dan Remunerasi Perseroan. Profil beliau disajikan pada              as Chairman of the Nomination and Remuneration Committee of
      bagian profil Dewan Komisaris di Laporan Tahunan ini.                        the Company. His profile is presented in the section of the profile
                                                                                   of the Board of Commissioners in this Annual Report.




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                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                               Tata Kelola Perusahaan                  Laporan Berkelanjutan
      Pembahasan Manajemen
                                               Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                          Laporan Tata Kelola Perusahaan
                                                                                                               Report on Corporate Governance




Soenarso Soemodiwirjo
Anggota
Warga Negara Indonesia, 79 tahun, domisili di Jakarta.
Member
Indonesian Nationality, Age 79 years, Domicile in Jakarta
Dasar Pengangkatan:                     Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/
Basis of Appointment:                   SKDK/VI/2025.
                                        Decree of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/KOM-
                                        PERSEROAN/SKDK/VI/2025.
Riwayat Pendidikan:                     Sarjana Akuntansi dari Institut Ilmu Keuangan, Departemen Keuangan, Jakarta (1974).
Educational Background:                 Bachelor’s degree (Sarjana) from Financial Science Institute, Ministry of Finance, Jakarta (1974)
Riwayat Karier:                         • Komisaris Independen dan Ketua Komite Audit PT Graha Andrasentra Propertindo Tbk
Professional Background:                • Ketua Tim Task Force Penyusunan Manual Komite Audit
                                        • Konsultan Manajemen PT Sucofindo (Persero)
                                        • Staf Ahli Direksi PT PAN (multi finance company)
                                        • Anggota Komite Audit PT Nusa Konstruksi Enjiniring Tbk
                                        • Anggota Komite Audit PT Bank MNC Internasional Tbk
                                        • Anggota Komite Audit di PT Sucofindo (Persero)
                                        • Anggota Komite Audit PT Danareksa (Persero)
                                        • Anggota Komite Audit PT Bank CIMB Niaga Tbk.
                                        • Independent Commissioner and Chairman of the Audit Committee at PT Graha Andrasentra
                                          Propertindo Tbk
                                        • Chairman of the Task Force Team for the Audit Committee Manual Preparation
                                        • Management Consultant at PT Sucofindo (Persero)
                                        • Expert Staff of the Board of Directors at PT PAN (multi finance company)
                                        • Member of the Audit Committee at PT Nusa Konstruksi Enjiniring Tbk
                                        • Member of the Audit Committee at PT Bank MNC Internasional Tbk
                                        • Member of the Audit Committee at PT Sucofindo (Persero)
                                        • Member of the Audit Committee at PT Danareksa (Persero)
                                        • Member of the Audit Committee at PT Bank CIMB Niaga Tbk.
Rangkap Jabatan:                        Saat ini juga menjabat sebagai Anggota Komite Audit dan Sekretaris Dewan Komisaris PT Papua
Concurrent Position:                    Power Indonesia.
                                        Concurrently as Member of the Audit Committee and Secretary to the Board of Commissioners
                                        at PT Papua Power Indonesia.




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         Kilas Kinerja          Laporan Manajemen       Profil Perusahaan       Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile         Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Mohamad Hassan
      Anggota (menjabat hingga 30 Juni 2025)
      Warga Negara Indonesia, 65 tahun, domisili di Jakarta.
      Member (in office until 30 June 2025)
      Indonesian Nationality, Age 65 years, Domicile in Jakarta.
      Dasar Pengangkatan:          Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/
      Basis of Appointment:        II/2023.
                                   Decision Letter of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/KOM-
                                   PERSEROAN/SKDK/II/2023.
      Riwayat Pendidikan:          • S2 dengan gelar Master of Accountancy & Financial Information Systems, Konsentrasi Ilmu di Bidang
      Educational Background:        Audit Internal, Cleveland State University, Ohio, USA (1993).
                                   • Diploma IV Sekolah Tinggi Akuntansi Negara (1991)
                                   • Diploma III Sekolah Tinggi Akuntansi Negara (1983)
                                   • Master’s degree (S2) in Accountancy & Financial Information Systems, Concentration of Science in
                                     Internal Audit, Cleveland State University, Ohio, USA (1993)
                                   • Diploma IV from Sekolah Tinggi Akuntansi Negara (State Accountancy College) (1991)
                                   • Diploma III from Sekolah Tinggi Akuntansi Negara (State Accountancy College) (1983)
      Riwayat Karier:              • Badan Pengawasan Keuangan dan Pembangunan (BPKP) (1983-2010)
      Professional Background      • Pengajar di Sekolah Tinggi Akuntansi Negara (STAN) (1994-2019)
                                   • Pengajar audit internal S2 Kwik Kian Gie School of Business (2006-2016)
                                   • Pembicara/narasumber untuk topik audit internal dan Governance, Risk Management, & Control (GRC)
                                     di berbagai seminar dan workshop baik di organisasi profesi, instansi pemerintah, dan Perusahaan
                                   • Aktif di berbagai organisasi profesi, di antaranya:
                                   • Anggota Dewan Sertifikasi Qualified Internal Auditor (QIA) (2022-2027)
                                   • Wakil Ketua Umum Lembaga Profesi Perhimpunan Auditor Internal Indonesia (PAII) (2022-2027)
                                   • Anggota Dewan Pengurus Qualified Healthcare Internal Auditor (QHIA) (2021-2026)
                                   • Anggota Dewan Eksekutif Qualified Government Internal Auditor (QGIA) (2020-2025)
                                   • Anggota Dewan Certified Professional Management Accountant (CPMA) (2023-2026).
                                   • Wakil Ketua Dewan Sertifikasi Certification in Audit Committee Practices (CACP) (2023- 2025)
                                   • The Institute of Internal Auditors (2015-2021)
                                   • Pembicara/narasumber untuk topik audit internal dan Governance, Risk Management, & Control (GRC)
                                     di berbagai seminar dan workshop baik di organisasi profesi, instansi pemerintah, dan Perusahaan
                                   • Pengajar audit internal S2 Kwik Kian Gie School of Business (2006-2016)
                                   • Pengajar di Sekolah Tinggi Akuntansi Negara (STAN) (1994-2019)
                                   • Badan Pengawasan Keuangan dan Pembangunan (BPKP) (1983-2010)




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                                                                                   Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                 Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                                 Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                              Sustainable Report




                                                                                            Laporan Tata Kelola Perusahaan
                                                                                                                 Report on Corporate Governance




Riwayat Karier:                  • Financial and Development Supervisory Agency (BPKP) (1983-2010)
Professional Background:         • Lecturer at Sekolah Tinggi Akuntansi Negara (State Accountancy College) (STAN) (1994-2019)
                                 • Lecturer in Inernal Audit (S2 Program) at Kwik Kian Gie School of Business (2006-2016)
                                 • Speaker on Internal Audit and Governance, Risk Management, & Control (GRC) in various seminars and
                                   workshops in organiations of profession, government institutions and Company
                                 • Active in various organizations of profession, including:
                                 • Member of Qualified Internal Auditor Certification Board (QIA) (2022-2027)
                                 • Vice Chairman of the Professional Institution of Indonesian Internal Auditors Association (PAII) (2022-
                                   2027)
                                 • Member of the Board of Directors of Qualified Healthcare Internal Auditor (QHIA) (2021-2026)
                                 • Member of the Executive Board of Qualified Government Internal Auditor (QGIA) (2020-2025)
                                 • Member of the Board of Certified Professional Management Accountant (CPMA) (2023-2026).
                                 • Vice Chairman of the Board of Audit Committee Practices Certification (CACP) (2023- 2025)
                                 • The Institute of Internal Auditors (2015-2021)
                                 • Speaker on internal audit and Governance, Risk Management, & Control (GRC) in various seminars and
                                   workshops in organizations of profession, government institutions and the Company
                                 • Lecturer in Internal Audit (S2 program) at Kwik Kian Gie School of Business (2006-2016)
                                 • Lecturer at Sekolah Tinggi Akuntansi Negara (State Accountancy College) (STAN) (1994-2019)
                                 • Financial and Development Supervisory Agency (BPKP) (1983-2010)
Rangkap Jabatan:                 Saat ini juga menjabat sebagai Chief Risk Management & Quality Assurance Executive di YPIA dan Komite
Concurrent Position:             Audit/Komite Pemantau Risiko di beberapa perusahaan.
                                 Concurrently as Chief of Risk Management & Quality Assurance Executive at YPIA and the Audit
                                 Committee/Risk Monitoring Committee in several companies.




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         Kilas Kinerja         Laporan Manajemen        Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Indra Safitri
      Anggota (menjabat sejak 19 Juni 2025)
      Warga Negara Indonesia, 61 tahun, domisili di Jakarta.
      Member (in office since 19 June 2025)
      Indonesian Nationality, Age 61 years, Domicile in Jakarta
      Dasar Pengangkatan:                  Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/
      Basis of Appointment:                SKDK/VI/2025
                                           Decision Letter of the Board of Commissioners at PT Bakrieland Tbk No. 001/KOM-PERSEROAN/
                                           SKDK/VI/2025
      Riwayat Pendidikan:                  • Magister Manajemen Sekolah Tinggi PPM (2011)
      Educational Background:              • Sarjana Hukum Fakultas Hukum Universitas Indonesia, Bagian Hukum Publik Internasional (1989)
                                           • Master’s degree (Magister) in Management at PPM College (2011)
                                           • Bachelor’s degree (Sarjana) in Law, Faculty of Law, Universitas Indonesia (International Public
                                             Law Section) (1989)
      Riwayat Karier:                      • Partner pada Firma Hukum Safitri & Co.
      Professional Background:             • Komisaris Independen PT.Reliance Securities Indonesia Tbk.
                                           • Anggota Komite Audit PT Bumi Resources Tbk.
                                           • Anggota Komite Audit PT Dharma Henwa Tbk.
                                           • Anggota Komite Audit PT.Astrindo Nusantara Infrastruktur Tbk.
                                           • Arbitrer dan Mediator Lembaga Alternatif Penyelesaian Sengketa Sektor Jasa Keuangan (LAPS-
                                             SJK)
                                           • Aktif di berbagai organisasi profesi, di antaranya:
                                             o Anggota Perhimpun Advokat Indonesia (Peradi)
                                             o Dewan Pembina dan Anggota Himpunan Konsultan Hukum Sektor Keuangan (HKHSK)
                                             o Pengurus Perkumpulan Praktisi Jasa Keuangan Indonesia (PPJKI)
                                           • Partner at Safitri & Co. Law Firm
                                           • Independent Commissioner at PT.Reliance Securities Indonesia Tbk.
                                           • Member of the Audit Committee at PT Bumi Resources Tbk.
                                           • Member of the Audit Committee at PT Dharma Henwa Tbk.
                                           • Member of the Audit Committee at PT.Astrindo Nusantara Infrastruktur Tbk.
                                           • Arbitrator and Mediator at the Alternative Institution for Dispute Resolution in the Financial
                                             Services Sector (LAPS-SJK)
                                           • Active in various organizations of profession, including:
                                             o Member of the Indonesian Advocates Association (Peradi)
                                             o Advisory Board and Member of the Association of Financial Sector Legal Consultants (HKHSK)
                                             o Management of the Indonesian Financial Services Practitioners Association (PPJKI)
      Rangkap Jabatan:                     Saat ini juga menjabat sebagaimana yang tercantum dalam Riwayat karirnya.
      Concurrent Position:                 Concurrently in positions as noted in the Professional Background.


      INDEPENDENSI KOMITE AUDIT                                             INDEPENDENCY OF THE AUDIT COMMITTEE
      Seluruh anggota Komite Audit menjalankan tugas dan tanggung           All members of the Audit Committee carry out their duties
      jawabnya secara profesional dan independen serta terbebas dari        and responsibilities professionally and independently as well
      segala bentuk konflik kepentingan yang dapat memengaruhi              as free from all forms of conflict of interest that can influence
      kemampuannya dalam melaksanakan fungsi pengawasan secara              the capability to perform the supervisory function objectively.
      objektif. Independensi Komite Audit setidaknya dijamin dengan         The independency of the Audit Committee should at least be
      adanya satu orang Komisaris Independen yang bertindak sebagai         guaranteed with the presence of one Independent Commissioner
      Ketua, sementara dua anggota lainnya merupakan pihak eksternal        who acts as Chairman, while two other members are independent
      yang independen.                                                      from external parties.




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                                                                                 Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                             Tata Kelola Perusahaan                    Laporan Berkelanjutan
       Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                         Laporan Tata Kelola Perusahaan
                                                                                                              Report on Corporate Governance




TUGAS DAN TANGGUNG JAWAB                                                 DUTIES AND RESPONSIBILITIES
Secara umum, tugas dan tanggung jawab utama Komite Audit                 In general, the main duties and responsibilities of the Audit
adalah membantu Dewan Komisaris dalam melakukan evaluasi                 Committee are to assist the Board of Commissioners in assessing
dan pengawasan tentang proses pelaporan keuangan, proses                 and supervising the processes of financial reporting, internal and
audit internal dan eksternal serta praktik GCG berjalan dengan           external audits as well as GCG practices to run appropriately
baik dan sesuai prosedur. Berdasarkan surat dari Komite Audit            and according to procedures. Based on a letter from the Audit
kepada Dewan Komisaris, fungsi Komite Pemantau Risiko dan                Committee to the Board of Commissioners, the functions of the
Komite Kebijakan Corporate Governance dijalankan oleh Komite             Risk Monitoring Committee and Corporate Governance Policy
Audit.                                                                   Committee are carried out by the Audit Committee.


Uraian lengkap mengenai tugas dan tanggung jawab Komite Audit            A complete description of the duties and responsibilities of the
telah diatur dalam Pedoman Dewan yang disahkan dalam Surat               Audit Committee is stipulated in the Board Manual ratified in
Keputusan Direksi dan Komisaris PT Bakrieland Development Tbk            Decree of the Board of Directors and the Board of Commissioners
No. 001/KOM-DIR-PERSEROAN/SK/I/2016 tentang Pengesahan                   of PT Bakrieland Development Tbk No. 001/KOM-DIR-
Board Manual.                                                            PERSEROAN/SK/I/2016 regarding the Ratification of the Board
                                                                         Manual.


PIAGAM KOMITE AUDIT                                                      CHARTER OF THE AUDIT COMMITTEE
Fungsi utama Komite Audit adalah membantu Dewan Komisaris                The main function of the Audit committee is to assist the Board of
dalam memenuhi tanggung jawab pengawasannya terhadap                     Commissioners in fulfilling its supervisory responsibilities on the
proses pelaporan keuangan, penerapan pengelolaan risiko usaha            processes of financial reporting, implementation of business and
dan keuangan serta sistem pengendalian internal terkait, proses          financial risk management and related internal control systems,
Audit oleh Auditor Internal maupun Eksternal, serta penerapan            the Audit process by Internal and External Auditors, as well as
Good Corporate Governance dalam pengelolaan perusahaan.                  Good Corporate Governance in managing the Company.


Lebih lanjut sebagaimana diatur dalam Piagam Komite Audit,               Furthermore, as regulated in the Audit Committee’s Charter, the
adapun lingkup fungsi pengawasan (oversight) Komite Audit                scope of the oversight function of the Company Audit committee
Perseroan mencakup hal-hal berikut ini:                                  includes the following:
1. Laporan Keuangan dan Laporan Tahunan                                  1. Financial Statements and Annual Report
    Melakukan oversight atas laporan keuangan dan Laporan                     Conduct oversight of the financial statements and the
    Tahunan Terintegrasi Perseroan yang diterbitkan untuk                     Integrated Annual Report of the Company published for the
    kepentingan publik                                                        public’s interest.


2.    Manajemen Risiko                                                   2.   Risk Management
      Memperoleh informasi mengenai pelaksanaan aktivitas                     Obtain information on the implementation of risk
      manajemen risiko yang dilakukan oleh Manajemen.                         management activities conducted by the Management.


3.    Pengendalian Internal                                              3.   Internal Control
      Melalui hasil kerja Auditor Internal dan Eksternal melakukan            Through the work results of the Internal and External Auditors,
      oversight atas efektivitas pengendalian internal yang telah             conduct oversight of the internal control effectiveness
      diterapkan oleh Manajemen dalam pengelolaan usaha                       applied by the Management in managing business as well as
      maupun penyajian laporan keuangan Perseroan.                            in presenting the Company’s financial statements.


4.    Aktivitas Assurance                                                4.   Assurance Activity
      a. Melakukan review atas rencana dan hasil aktivitas yang               a. Conduct a review of the plans and results of activities
          dilakukan oleh Auditor Internal dalam meyakinkan bahwa                  carried out by the Internal Audit to be conviced that
          aktivitas operasional telah sesuai dengan peraturan                     operational activities complied with the Company’s
          Perseroan dan peraturan yang dikeluarkan oleh pihak                     regulations and regulations issued by the Authority;
          Otoritas;




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            Kilas Kinerja               Laporan Manajemen           Profil Perusahaan                 Unit Pendukung Bisnis
      Performance Highlights              Management Report           Company Profile                   Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                b.     Melakukan review atas rencana dan hasil aktivitas                         b.    Conduct a review of the plans and results of activities
                       Auditor Eksternal dalam meyakinkan bahwa laporan                                carried out by the External Auditor to beconvinced
                       keuangan bebas dari salah saji material.                                        that the financial statements are free from material
                                                                                                       misstatement.


      5.        Objektivitas dan Independen                                                 5.   Objectivity and Independency
                Melakukan review atas obyektivitas dan independensi Auditor                      Conduct a review on the objectivity and independency of the
                Internal maupun Eksternal.                                                       Internal and External Auditors.


      6.        Corporate Governance                                                        6.   Corporate Governance
                Melakukan oversight atas pelaksanaan Good Corporate                              Conduct oversight on the implementation of Good Corporate
                Governance dan pemantauan atas ketaatan Perseroan                                Governance and monitoring of the Company’s compliance
                terhadap peraturan perundangan yang berlaku, benturan                            with applicable laws and regulations, conflicts of interest,
                kepentingan, dan etika usaha.                                                    and business ethics.


      Dalam menjalankan tugas dan tanggung jawabnya, seluruh                                In carrying out the duties and responsibilities, all members of the
      anggota Komite Audit wajib berpedoman pada Piagam Komite                              Audit Committee are obligated to be guided by the Charter of
      Audit yang mengatur secara rinci hal-hal terkait struktur organisasi,                 the Audit Committee that regulates in detail matters related to
      keanggotaan, tanggung jawab, wewenang dan tata cara pelaporan                         organizational structure, membership, responsibility, authority,
      Komite Audit.                                                                         and reporting procedures of the Audit Committee.


      RAPAT KOMITE AUDIT                                                                    MEETING OF THE AUDIT COMMITTEE

      Kebijakan Rapat                                                                       Meeting Policy
      Komite Audit mengadakan rapat secara berkala paling kurang                            The Audit Committee periodically holds meetings at least once
      satu kali dalam 3 (tiga) bulan atau 4 (empat) kali dalam setahun.                     every 3 (three) months or 4 (four) times in one year. As regulated
      Sebagaimana diatur dalam Piagam Komite Audit, metode                                  in the Audit Committee’s Charter, the method of making
      pengambilan keputusan dalam rapat Komite Audit dapat                                  decisions in Audit Committee meetings may be conducted if at
      dilakukan apabila sekurang-kurangnya dihadiri oleh lebih dari ½                       least attended by more that ½ (one half) of the total number of
      (satu per dua) dari jumlah anggota termasuk seorang Komisaris                         members, including an Independent Commissioner.
      Independen


      Jumlah Rapat dan Frekuensi Kehadiran                                                  Number of Meeting and Frequency of Attendance
      Selama tahun 2025, Komite Audit telah menyelenggarakan rapat                          During the year 2025, the Audit Committee held 8 (eight)
      sebanyak 8 (delapan) kali secara online melalui platform Zoom                         meetings online through the Zoom Meeting platform, with details
      Meeting, dengan uraian tingkat kehadiran masing-masing anggota                        of the level of attendance of each member as follows:
      adalah sebagai berikut:


                              Nama                       Jabatan                Jumlah Rapat                   Jumlah Kehadiran         Tingkat Kehadiran
       No
                              Name                       Position             Number of Meeting              Number of Attendance      Level of Attendance
           1.        Kanaka Puradiredja             Ketua | Chairman                    8                                  8                   100%
           2.        Soenarso Soemodiwirjo         Anggota | Member                     8                                  8                   100%
           3.        Mohamad Hassan*)              Anggota | Member                     8                                  6                   75%
           4.        Indra Safitri**)              Anggota | Member                     8                                  2                   25%
      Keterangan | Note:
      *) menjabat hingga 19 Juni 2025 | in office until 19 June 2025
      **) menjabat sejak 19 Juni 2025 | in office since 19 June 2025




190             PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                         www.bakrieland.com
Page 193
                                                                                      Tanggung Jawab Sosial Perusahaan/
             Analisis dan
                                                   Tata Kelola Perusahaan                   Laporan Berkelanjutan
        Pembahasan Manajemen
                                                   Good Corporate Governance                Corporate Social Responsibility/
      Management Discussion and Analysis
                                                                                                 Sustainable Report




                                                                                               Laporan Tata Kelola Perusahaan
                                                                                                                    Report on Corporate Governance




 Agenda Rapat
 Meeting Agenda
                                                                                                                                    Kehadiran
           Tanggal Rapat                                            Agenda Rapat
No                                                                                                                                  Attendance
           Meeting Date                                            Meeting Agenda
                                                                                                                               KP    SS   MH     IS
 1.     21 Januari 2025          Pembahasan Audit Planning KAP untuk audit LapKeu tahun 2024                                   v     v     v     x
        21 January 2025          Discussion on KAP Audit Planning for the 2024 Annual Financial Statements Audit
 2.     04 Maret 2025            Pembahasan Key Audit Matters tahun Audit 2024 dengan KAP                                      v     v     v     x
        04 March 2025            Discussion with KAP on Key Audit Matters for 2024 Audit Year
 3.     25 Maret 2025            Pembahasan Penyelesaian Audit LapKeu tahun Audit 2024 dengan KAP                              v     v     v     x
        25 March 2025            Discussion with KAP on Completion of 2024 /financial Statements Audit
 4.     29 April 2025            Pembahasan Laporan Keuangan Kuartal 1 (Q1) tahun 2025 dengan Management                       v     v     v     x
        29 April 2025            Discussion with Management on Financial Statement Quarter 1 (Q1) of 2025
 5. 13 Juni 2025                 Melakukan Evaluasi Kinerja KAP yang mengaudit LapKeu tahun 2024                               v     v     v     x
    13 June 2025                 Evaluation of KAP’s Performance on Audit of 2024 Financial Statements
 6.     29 Juli 2025             Pembahasan Laporan Keuangan Kuartal 2 (Q2) tahun 2025 dengan Management                       v     v     v     x
        29 July 2025             Discussion with Management on Financial Statement Quarter 2 (Q2) of 2025
 7.     28 Oktober 2025          Pembahasan Laporan Keuangan Kuartal 3 (Q3) tahun 2025 dengan Management                       v     v     x     v
        28 October 2025          Discussion with Management on Financial Statement Quarter 3 (Q3) of 2025
 8.     11 Desember 2025 Pembahasan Audit Planning KAP untuk audit LapKeu tahun 2025                                           v     v     x     v
        11 December 2025 Discussion of KAP Audit Planning for 2025 Financial Statements Audit

Keterangan | Note::
KP : Kanaka Puradiredja
SS : Soenarso Soemodiwirjo
MH : Mohamad Hassan
IS : Indra Safitri


PELATIHAN KOMITE AUDIT                                                         TRAINING OF THE AUDIT COMMITTEE
Komite Audit mengikuti program pelatihan dan pengembangan                      The Audit Committee takes part in training and competency
kompetensi dengan inisiatif pribadi di luar lingkungan Perseroan.              development programs on its own personal initiative outside of
                                                                               the Company.


PELAKSANAAN KEGIATAN KOMITE AUDIT                                              IMPLEMENTATION OF ACTIVITIES OF THE AUDIT
                                                                               COMMITTEE
Pada tahun 2025, Komite Audit telah melaksanakan hal-hal                       In the year 2025, the Audit Committee conducted several
berikut:                                                                       activities as follows:
1.   Membahas isu-isu dan progres audit eksternal atas Laporan                 1.   Discussed issues and progress of the external audit of the
     Keuangan Konsolidasian Perseroan tahun 2024.                                   Company’s Consolidated Financial Statements of 2024.
2. Mereview dan membahas isu-isu dalam Laporan Keuangan                        2. Reviewed and discussed issues in the Company’s unaudited
     Konsolidasian Triwulanan Perseroan tahun 2025 yang tidak                       Quarterly Consolidated Financial Statements of 2025 prior
     diaudit sebelum disampaikan kepada pihak Otoritas.                             to submitting to the Authority.
3. Melakukan evaluasi kinerja auditor eksternal yang mengaudit                 3. Conduct a performance assessment of the External Auditor
     Laporan Keuangan Konsolidasian Perseroan tahun 2024 dan                        that audited the Company’s 2024 Consolidated Financial
     merekomendasikan penunjukan Auditor Eksternal yang akan                        Statements and recommended the External Auditor to audit
     mengaudit Laporan Keuangan Konsolidasian Perseroan tahun                       the Company’s 2025Consolidated Financial Statements.
     2025.
4. Membahas perencanaan audit Auditor Eksternal dalam                          4.   Discussed audit planning of the External Auditor to audit the
     mengaudit Laporan Keuangan Konsolidasian Perseroan tahun                       Company’s 2025 Consolidated Financial Statements.
     2025.


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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      LAPORAN KOMITE AUDIT                                                AUDIT COMMITTEE REPORT

      Kepada Yth                                                          To
      Dewan Komisaris                                                     The Board of Commissioners
      PT Bakrieland Development Tbk                                       PT Bakrieland Development Tbk
      Wisma Bakrie 1, Lantai 6                                            Wisma Bakrie 1, 6th Floor
      Jalan H.R. Rasuna Said Kav B-1                                      Jalan H.R. Rasuna Said Kav B-1
      Jakarta 12920                                                       Jakarta 12920


      Laporan Tahunan Pelaksanaan Kegiatan Komite Audit untuk Tahun       Annual Report on the Implementation of Audit Committee
      yang Berakhir pada Tanggal 31 Desember 2025.                        Activities for the Year Which Ended on 31 December 2025.


      Komite Audit adalah sebuah Komite yang dibentuk oleh dan            The Audit Committee is a Committee established by and reports
      bertanggung jawab kepada Dewan Komisaris dalam membantu             to the Board of Commissioners in assisting the duties and
      melaksanakan tugas dan fungsi Dewan Komisaris. Tugas utama          function of the Board of Commissioners. The main duties of the
      Komite Audit di Perseroan adalah:                                   Company’s Audit Committee are as follows:
      1.   Melakukan review atas laporan keuangan Perseroan yang          1.  Conduct a review of the Company’s published financial
           diterbitkan untuk kepentingan publik dan kesesuaiannya             statements for the public’s interest and their compliance
           dengan Standar Akuntansi Keuangan (SAK) Indonesia.                 with the Indonesian Financial Accounting Standards (SAK).
      2. Melakukan kajian atas rencana dan pelaksanaan audit Auditor      2. Conduct a review of the audit plan and implementation of
           Eksternal dalam tugas meyakini mereka bahwa laporan                the External Auditor in its task to convince that the financial
           keuangan telah disajikan sesuai dengan SAK dan bebas dari          statements are presented in accordance with SAK and are
           salah saji material.                                               free from material misstatement.
      3. Melalui hasil kerja Auditor Eksternal melakukan oversight        3. Through the work results, the External Auditor carries out
           atas pengendalian internal dalam proses penyusunan laporan         oversight of internal control in the process of preparing
           keuangan yang diterapkan oleh Manajemen.                           financial reports implemented by the Management.
      4. Melakukan kajian atas rencana dan hasil aktivitas yang           4. Conduct review on the plan and activity results carried out by
           dilakukan oleh Auditor Internal dalam meyakinkan bahwa             the Internal Auditor in convincing that operational activities
           aktivitas operasional telah sesuai dengan peraturan                are in accordance with Company regulations and applicable
           Perusahaan dan peraturan perundang-undangan yang                   laws and regulations.
           berlaku.
      5. Melakukan kajian atas obyektivitas dan independensi Auditor      5.   Conduct reiew on the objectivity and independency of the
           Internal maupun Auditor Eksternal.                                  Internal Auditor as well as the External Auditor.


      Untuk periode tahun 2025 Komite Audit Perseroan terdiri dari        For the period of the year 2025, the Audit Committee of the
      seorang ketua dan 2 (dua) anggota sebagai berikut:                  Company consists of a chairman and 2 (two) members as follows:
      1.  Kanaka Puradiredja (Ketua/Komisaris Independen)                 1.   Kanaka Puradiredja Chairman/Independent Commissioner)
      2. Soenarso Soemodiwirjo (Anggota/Profesional Independen)           2. Soenarso Soemodiwirjo (Member/Independent Professional)
      3. Mohamad Hassan (Anggota/Profesional Independen)                  3. Mohammad Hassan (Member/Independent Professional)


      Sepanjang tahun 2025, Komite Audit menyelenggarakan 8               Throughout the year 2025, the Audit Committee held 8 (eight)
      (delapan) kali pertemuan formal, dengan fokus utamanya adalah       formal meetings, with the main focus on monitoring the
      memonitor penyelesaian laporan keuangan Perseroan, baik             completion of the Company’s financial statements, both the
      laporan keuangan interim yang tidak diaudit dan tahunan yang        unaudited interim financial statements and the annual statements
      diaudit oleh Auditor Eksternal.                                     audited by External Auditor.




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Page 195
                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




Tingkat kehadiran anggota Komite dalam rapat tersebut adalah            The level of attendance of members of the Committee in these
sebagai berikut:                                                        meetings is as follows:
1.  Kanaka Puradiredja 100%                                             1.   Kanaka Puradiredja 100%
2. Soenarso Soemodiwirjo 100%                                           2. Soenarso Soemodiwirjo 100%
3. Mohamad Hassan 100%                                                  3. Mohammad Hassan 100%


Adapun hal-hal yang dibahas dalam rapat-rapat tersebut antara           Issues discussed in the meetings, among others, are as follows:
lain adalah sebagai berikut:
a. Membahas isu-isu dan progres audit eksternal atas Laporan            a.   Issues and progress of the external audit on the 2024
      Keuangan Konsolidasian tahun 2024.                                     Consolidated Financial Statements.
b. Membahas isu-isu dan mereview Laporan Keuangan                       b.   Issues and review concerning the Company’s unaudited
      Konsolidasian Triwulanan Perseroan tahun 2025 yang tidak               Konsolidasian 2025 Quarterly Consolidated Financial
      diaudit sebelum disampaikan kepada pihak Otoritas.                     Statements prior to submission to the Authority.
c. Melakukan evaluasi kinerja auditor eksternal pada tahun audit        c.   Assessment on the external auditor’s performance during the
      2024 dan merekomendasikan penunjukan Auditor Eksternal                 2024 audit year and recommendation on the appointment
      yang mengaudit Laporan Keuangan Konsolidasian Perseroan                of the External Auditor to audit the Company’s 2025
      tahun 2025.                                                            Consolidated Financial Statements.
d. Membahas perencanaan audit eksternal atas Laporan                    d.   Audit planning of the external audit on the Company’s 2025
      Keuangan Konsolidasian Perseroan tahun 2025.                           consolidated Financial Statements.




                                                      Jakarta, 31 Desember 2025
                                                      Jakarta, 31 December 2025




            Kanaka Puradiredja                          Soenarso Soemodiwirjo                                      Mohamad Hassan
            (Ketua | Chairman)                           (Anggota | Member)                                       (Anggota | Member)




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         Kilas Kinerja                Laporan Manajemen          Profil Perusahaan          Unit Pendukung Bisnis
      Performance Highlights           Management Report           Company Profile            Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      KOMITE NOMINASI DAN REMUNERASI                                                 NOMINATION AND REMUNERATION COMMITTEE
      Perseroan memiliki Komite Nominasi dan Remunerasi yang                         The Company retains the Nomination and Remuneration
      dibentuk berdasarkan Surat Keputusan Dewan Komisaris No.001/                   Committee formed based on Decree of the Board of
      SK/Kom-BLD/07 tentang Pembentukan dan Pengangkatan                             Commissioners No. 001/SK/Kom-BLD/07 regarding the
      Komite Nominasi dan Remunerasi. Komite Nominasi dan                            Establishment and Appointment of the Nomination and
      Remunerasi merupakan organ pendukung Dewan Komisaris yang                      Remuneration Committee. The Nomination and Remuneration
      bertugas membantu Dewan Komisaris dalam menjalankan fungsi                     Committee is a supporting organ to the Board of Commissioners
      pengawasan dan memberikan nasihat kepada manajemen terkait                     assigned to assist the Board of Commissioners in carrying out
      pengelolaan dan pengembangan Sumber Daya Manusia (SDM)                         its supervisory function and provide advice to the management
      termasuk proses remunerasi dan nominasi Dewan Komisaris dan                    related to the management and development of the Human
      Direksi Perseroan.                                                             Resource (HR), including the remuneration and nomination
                                                                                     process of the Board of Commissioners and the Board of Directors
                                                                                     of the Company.


      KOMPOSISI DAN MASA JABATAN                                       KOMITE        COMPOSITION AND TERM OF OFFICE OF THE
      NOMINASI DAN REMUNERASI                                                        NOMINATION AND REMUNERATION COMMITTEE
      Keanggotaan Komite Nominasi dan Remunerasi Perseroan                           Membership of the Nomination and Remuneration Committee
      terdiri dari 1 (satu) orang Ketua Komite merangkap anggota yang                consists of 1 (one) Committee Chairman concurrently as an
      merupakan Komisaris Independensekaligus Anggota Komite                         Independent Commissioner member and at the same time as a
      Perseroan, 1 (satu) anggota komite yang merupakan anggota                      Committee Member of the Company, 1 (one) committee member
      Dewan Komisaris, dan 1 (satu) anggota lainnya yang berasal dari                concurrently as a member of the Board of Commissioners, and 1
      luar Perseroan.                                                                (one) other member from outside of the Company.


      Masa jabatan anggota Komite Nominasi dan Remunerasi tidak                      The term of office of members of the Nomination and
      boleh lebih lama dari masa jabatan Dewan Komisaris dan dapat                   Remuneration Committee cannot be longer than the term
      dipilih kembali hanya untuk 1 (satu) periode berikutnya.                       of office of the Board of Commissioners, and they may be
                                                                                     reappointed only for 1 (one) following period.


      Pada tahun 2025, komposisi Komite Nominasi dan Remunerasi                      In 2025, the composition of the Nomination and Remuneration
      Perseroan mengalami perubahan anggota dengan kronologis                        Committee of the Company experienced a change in the
      sebagai berikut.                                                               members with chronology as follows.


                               Nama                            Jabatan                                       Periode Jabatan
       No
                               Name                            Position                                       Term of Office
        1.      Kanaka Puradiredja                         Ketua | Chairman                            3 November 2025 – 2027
                                                                                                       3 November 2025 –2027
        2.      Bambang Irawan Hendradi                    Anggota | Member                            3 November 2025 – 2027
                                                                                                       3 November 2025 –2027
        3.      Handoko N. Soetrisno                       Anggota | Member                     17 Februari 2023 – 2 November 2025
                                                                                                17 February 2023 – 2 November 2025
        4.      Yusri Hartadi                              Anggota | Member                            3 November 2025 – 2027
                                                                                                       3 November 2025 –2027




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Page 197
                                                                                        Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                     Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                                     Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                   Sustainable Report




                                                                                                 Laporan Tata Kelola Perusahaan
                                                                                                                      Report on Corporate Governance




PROFIL ANGGOTA KOMITE NOMINASI DAN                                               PROFILE OF MEMBERS OF THE NOMINATION AND
REMUNERASI                                                                       REMUNERATION COMMITTEE

Kanaka Puradiredja – Ketua                                                       Kanaka Puradiredja – Chairman
Beliau diangkat sebagai Anggota Komite Nominasi dan                              He was appointed as a Member of the Nomination and Remuneration
Remunerasi berdasarkan Surat Keputusan Dewan Komisaris                           Committee based on Decree of the Board of Commissioners
PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/                             of PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/
SKDK/I/2017 tanggal 2 Januari 2017. Beliau juga menjabat sebagai                 SKDK/I/2017 dated 2 January 2017. He concurrently acts as an
Komisaris Independen serta Ketua Komite Audit Perseroan.                         Independent Commissioner as well as Chairman of the Audit
Profil beliau disajikan pada bagian profil Dewan Komisaris dalam                 Committee of the Company. His profile is presented in the section
Laporan Tahunan ini.                                                             on the profile of the Board of Commissioners in this Annual Report.


Bambang Irawan Hendradi – Anggota                                                Bambang Irawan Hendradi – Member
Beliau diangkat sebagai Anggota Komite Nominasi dan                              He was appointed as a Member of the Nomination and
Remunerasi berdasarkan Surat Keputusan Dewan Komisaris                           Remuneration Committee based on Decree of the Board of
PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/                             Commissioners of PT Bakrieland Development Tbk No. 001/
SKDK/I/2017 tanggal 2 Januari 2017. Beliau juga menjabat sebagai                 KOM-PERSEROAN/ SKDK/I/2017 dated 2 January 2017. He
Komisaris Utama Perseroan. Profil beliau telah disajikan pada bab                concurrently also acts as the President Commissioner of the
Profil Dewan Komisaris dalam Laporan Tahunan ini.                                Company. His profile is presented in the chapter on the Profile of
                                                                                 the Board of Commissioners in this Annual Report
Handoko N. Soetrisno
Anggota (menjabat hingga 2 November 2025)
Warga Negara Indonesia, 54 tahun, domisili di Bekasi
Member (in office until 2 November 2025)
Indonesian Nationality, Age 54 years, Domicile in Bekasi
Dasar Pengangkatan:                     Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOMPERSEROAN/
                                        SKDK/I/2017 tanggal 2 Januari 2017.
                                        Decision Letter of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/
                                        KOMPERSEROAN/SKDK/I/2017 dated 2 January 2017.
Riwayat Pendidikan:                     • S2 dengan spesialisasi Manajemen, Universitas Gadjah Mada, Yogyakarta (1995)
Educational Background:                 • Sarjana Jurusan Sosiologi, Fakultas Ilmu Sosial dan Ilmu Politik, Universitas Gadjah Mada,Yogyakarta (1993)
                                        • Master’s degree (S2) specializing in Management, Universitas Gadjah Mada, Yogyakarta (1995)
                                        • Bachelor’s degree (Sarjana) in Sociology, Faculty of Social Science and Political Science, Universitas
                                          Gadjah Mada, Jogyakarta (1993)
Riwayat Karier:                         • Bergabung di PT Bakrieland Development Tbk Group sejak tahun 2011 dan saat ini menjabat sebagai
Professional Background:                  Chief Corporate Human Capital Officer di PT Bakrieland Development Tbk (sejak 2017)
                                        • Chief Human Resource Officer (CHRO) PT Graha Andrasentra Propertindo Tbk (2011-2022)
                                        • Deputy Division Head di PT Indomobil Sukses Internasional Tbk (2003-2010)
                                        • HR Department Head di PT Lippo Karawaci Tbk (2000-2003)
                                        • Compensation & Personnel Admin Manager di PT Gillette Indonesia (1999- 2000)
                                        • Remuneration & Benefits Manager di PT Delta Djakarta Tbk (1995-1999)
                                        • Joined PT Bakrieland Development Tbk Group since 2011 and currently serving as Chief Corporate
                                          Human Capital Officer at PT Bakrieland Development Tbk (since 2017)
                                        • Chief Human Resource Officer (CHRO) at PT Graha Andrasentra Propertindo Tbk (2011-2022)
                                        • Deputy Division Head at PT Indomobil Sukses Internasional Tbk (2003-2010)
                                        • HR Department Head at PT Lippo Karawaci Tbk (2000-2003)
                                        • Compensation & Personnel Admin Manager at PT Gillette Indonesia (1999- 2000)
                                        • Remuneration & Benefits Manager at PT Delta Djakarta Tbk (1995-1999)




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         Kilas Kinerja         Laporan Manajemen          Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights      Management Report         Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Rangkap Jabatan:                  Tidak memiliki rangkap jabatan sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau anggota
      Concurrent Position:              komite lainnya.
                                        No concurrent position as member of the Board of Directors, Member of the Board of Commissiners,
                                        and/or member of other committees.


      Yusri Hartadi
       Anggota (menjabat sejak 3 November 2025)
       Warga Negara Indonesia, 47 tahun, domisili di Jakarta.
       Member (since 3 November 2025)
       Indonesian Nationality, Age 47 years, Domicile in Jakarta
       Dasar Pengangkatan:                     Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/
       Basis of Appointment:                   SKDK/XI/2025 tanggal 3 November 2025
                                               Decision Letter of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/
                                               KOM-PERSEROAN/SKDK/XI/2025 dated 3 November 2025
       Riwayat Pendidikan:                     • S2 Magister Management dengan spesialisasi di bidang – People & Leadership dari Universitas
       Educational Background:                   Bina Nusantara (Binus Business School) Jakarta, 2024
                                               • Master’s degree (S2 Magister) in Management with specializing in the field of People &
                                                 Leadership from Universitas Bina Nusantara (Binus Business School), Jakarta 2024
       Riwayat Karier:                         • Head of Human Resources & General Affairs PT KDB Tifa Finance, Tbk (2021-2025)
       Professional Background:                • General Manager Human Resource PT LOTTE Shopping Indonesia (2014-2021)
                                               • HR Organization Development & Training Manager PT Sierad Produce, Tbk (2013 - 2014)
                                               • Head of Human Resources PT International Mitra Futures (2012 – 2013)
                                               • Area HR & GA Head BCA Finance (2010 – 2012)
                                               • HRD di PT MMC Metal Fabrication/Mitsubishi Material Corporation Group (2006 – 2010)
                                               • HRD di PT Jaya Real Property Tbk (2004 - 2005)
                                               • Head of Human Resources & General Affairsat PT KDB Tifa Finance, Tbk (2021-2025)
                                               • General Manager of Human Resource at PT LOTTE Shopping Indonesia (2014-2021)
                                               • HR Organization Development & Training Manager at PT Sierad Produce, Tbk (2013 - 2014)
                                               • Head of Human Resources PT International Mitra Futures (2012 – 2013)
                                               • Area HR & GA Head of BCA Finance (2010 – 2012)
                                               • HRD at PT MMC Metal Fabrication/Mitsubishi Material Corporation Group (2006 – 2010)
                                               • HRD at PT Jaya Real Property Tbk (2004 - 2005)
       Rangkap Jabatan:                        Tidak memiliki rangkap jabatan sebagai anggota Direksi, Anggota Dewan Komisaris, dan/atau
       Concurrent Position:                    anggota komite lainnya.
                                               No concurrent position as member of the Board of Directors, Member of the Board of
                                               commissiners, and/or member of other committees.


      INDEPENDENSI             KOMITE            NOMINASI            DAN      INDEPENDENCY OF THE NOMINATION AND
      REMUNERASI                                                              REMUNERATION COMMITTEE
      Komite Nominasi dan Remunerasi senantiasa menjalankan                   The Nomination and Remuneration Committee continually
      tugas dan tanggung jawab secara profesional dan independen              carries out its duties and responsibilities professionally and
      serta memegang teguh sikap integritas dengan tidak melakukan            independently as well as upholds an attitude of integrity by not
      kegiatan atau aktivitas apapun yang berpotensi menimbulkan              carrying out any activities or actions that potentially may give rise
      konflik benturan kepentingan. Independensi Komite Nominasi dan          to a conflict of interest. The independency of the Nomination
      Remunerasi ditunjukkan melalui keberadaan satu orang Komisaris          and Remuneration Committee is visible from the presence of one
      Independen dalam struktur organisasi komite yang bertindak              Independent Commissioner in the committee’s organizational
      sebagai Ketua, serta hadirnya dua anggota lainnya yang masing-          structure that acts as Chairman, as well as the presence of two
      masing merupakan Presiden Komisaris dan pihak eksternal yang            other members who each serve as the President Commissioner
      independen.                                                             and an independent one from an external party.




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                                                                                Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
       Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




TUGAS DAN TANGGUNG JAWAB                               KOMITE           DUTIES AND RESPONSIBILITIES OF THE
NOMINASI DAN REMUNERASI                                                 NOMINATION AND REMUNERATION COMMITTEE
Tugas dan tanggung jawab Komite Nominasi dan Remunerasi                 Duties and responsibilities of the Nomination and Remuneration
mencakup hal-hal sebagai berikut:                                       Committee include the following:
1.  Menyusun kriteria seleksi dan prosedur nominasi anggota             1.  Prepare the criteria of selection and procedure of nomination of
    Dewan Komisaris, Direksi dan para eksekutif, sampai dengan              members of the Board of Commissioners, the Board of Directors
    satu tingkat di bawah Direksi.                                          and executives, up to one level below the Board of Directors.
2. Membuat sistem penilaian dan memberikan rekomendasi                  2. Prepare the assessment system and provide recommendations
    tentang jumlah anggota Dewan Komisaris dan Direksi.                     on the number of members of the Board of Commissioners and
                                                                            the Board of Directors.
3.    Terlibat dalam proses perekrutan (wawancara) dan                  3. Take part in the recruitment process (interview) and provide
      memberikan rekomendasi atas calon anggota Dewan                       recommendations on candidate members of the Board of
      Komisaris, Direksi dan para eksekutif sampai dengan satu              Commissioners, the Board of Directors, and executives up to
      tingkat di bawah Direksi agar tercipta penempatan orang               one level below the Board of Directors so as to place the right
      yang tepat pada posisi yang tepat.                                    person in the right position.
4.    Memberikan rekomendasi tentang kebijakan besaran gaji,            4. Provide recommendations on the policy on competitive salary,
      tunjangan dan fasilitas yang kompetitif dan mengacu pada              allowances and facilities referring to market developments, for
      perkembangan pasar, untuk anggota Dewan Komisaris dan                 members of the Board of Commissioners and members of the
      anggota Direksi.                                                      Board of Directors.
5.    Mengawasi proses pelaksanaan nominasi dan remunerasi              5. Supervise the process of nomination and remuneration
      agar tidak menyimpang dari prosedur yang telah ditetapkan.            implementation so that it does not deviate from the established
                                                                            procedures.
6.    Mengadakan pertemuan rutin para anggota Komite minimal            6. Hold routine meetings of committee members at least once
      4 (empat) bulan sekali atau 3 (tiga) kali dalam setahun,              every 4 (four) months or 3 (three) times in one year, each
      masingmasing pertemuan dihadiri oleh minimal 2 (dua)                  meeting must be attended by at least 2 (two) Committee
      anggota Komite yang salah satunya adalah Ketua Komite,                members, one of whom is the Committee Chairman, and
      dan membuat berita acara pertemuan.                                   prepare minutes of meeting.


PIAGAM KOMITE NOMINASI DAN REMUNERASI                                   CHARTER   OF   THE  NOMINATION                               AND
                                                                        REMUNERATION COMMITTEE
Komite Nominasi dan Remunerasi Perseroan telah memiliki                 The Company’s Nomination and Remuneration Committee
piagam yang digunakan sebagai pedoman tata cara pelaksanaan             has retained a charter used as guidelines for procedures for
kegiatan operasional yang secara terus menerus disempurnakan            implementing operational activities, which are continuously
dan diperbaharui sesuai dengan perkembangan peraturan                   refined and updated in accordance with developments in
perundang-undangan yang berlaku serta kondisi terkini.                  applicable laws and regulations and current conditions.


Pembaharuan/penyempurnaan atas Piagam Komite Nominasi dan               The latest update/improvement to the Company’s Nomination
Remunerasi Perseroan terakhir dilakukan pada 5 Juni 2015. Secara        and Remuneration Committee Charter was conducted on
umum, Piagam Komite Nominasi dan Remunerasi Perseroan berisi            5 June 2015. In general, the Charter of the Nomination and
tentang pengaturan tentang keanggotaan, tugas, rapat, serta             Remuneration Committee contains procedures on membership,
pelaporan Komite.                                                       duties, meetings, and reporting of the Committee.


RAPAT KOMITE NOMINASI DAN REMUNERASI                                    MEETING  OF   THE   NOMINATION                               AND
                                                                        REMUNERATION COMMITTEE

Kebijakan Rapat                                                         Meeting Policy
Komite Nominasi dan Remunerasi mengadakan rapat secara                  The Nomination and Remuneration Committee holds periodically
berkala sekurang-kurangnya 1 (satu) kali dalam 4 (empat) bulan          at least 1 (one) meeting in 4 (four) months or 3 (three) times in
atau 3 (tiga) kali selama setahun. Adapun metode pengambilan            one year. The method of decision-making during the Nomination
keputusan dalam rapat Komite Nominasi dan Remunerasi dapat              and Remuneration Committee meeting is conducted if it is




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      Performance Highlights         Management Report              Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      dilakukan apabila sekurang-kurangnya dihadiri oleh lebih dari 1/2               attended by at leastmore than ½ (one half) of the total number of
      (satu per dua) dari jumlah anggota termasuk seorang Komisaris                   members, including an Independent Commissioner.
      Independen.


      JUMLAH RAPAT DAN FREKUENSI KEHADIRAN                                            NUMBER OF MEETING AND FREQUENCY OF
                                                                                      ATTENDANCE
      Selama tahun 2025, Komite Nominasi dan Remunerasi telah                         During the year 2025, the Nomination and Remuneration
      menyelenggarakan 4 (empat) kali rapat dengan uraian tingkat                     Committee held 4 (four) meetings with details on the level of
      kehadiran masing-masing anggota adalah sebagai berikut:                         attendance of each member as shown in the table below:


                            Nama                         Jabatan                Jumlah Rapat            Jumlah Kehadiran         Tingkat Kehadiran
       No
                            Name                         Position             Number of Meeting       Number of Attendance      Level of Attendance
        1.      Kanaka Puradiredja              Ketua | Chairman                      4                             4                     100%
        2.      Bambang Irawan Hendradi         Anggota | Member                      4                             4                     100%
        3.      Handoko N. Soetrisno *)         Anggota | Member                      4                             3                     75%
        4.      Yusri Hartadi **)               Anggota | Member                      4                                 1                 25%
      Keterangan | Note:
      *) menjabat hingga 2 November 2025
          in office until 2 November 2025
      **) menjabat sejak 3 November 2025
          in office since 3 November 2025


       Agenda Rapat dan Kehadiran Komite Nominasi dan Remunerasi
       Meeting Agenda and Attendance of The Nomination and Remuneration Committee
                                                                                                                                    Kehadiran
                   Tanggal                                                   Agenda Rapat
      No                                                                                                                            Attendance
                    Date                                                    Meeting Agenda
                                                                                                                               KP    IHS HNS YHT
       1.     24 Maret 2025         Membahas anggaran remunerasi Dewan Komisaris dan Direksi untuk Tahun 2025.                  v     v     v      x
              24 March 2025         Discussed on the remuneration budget for the Board of Commissioners and the Board
                                    of Directors for the Year 2025.
       2.     2 Juni 2025           Meninjau kinerja Komite secara keseluruhan untuk memastikan pelaksanaan tugas sesuai        v     v     v      x
              2 June 2025           dengan piagam dan peraturan yang berlaku.
                                    Review the overall performance of the Committee to ensure the implementation of
                                    duties is in accordance with the charter and applicable regulations.
       3.     19 Juni 2025          Membahas usulan dan rekomendasi kepada Dewan Komisaris mengenai perubahan                   v     v     v      x
              19 June 2025          susunan dan komposisi jabatan anggota Komite Audit yang baru.
                                    Discussed suggestions and recommendations to the Board of Commissioners on the
                                    change in the composition of members’ positions in the new Audit Committee.
       4.     8 Desember 2025 Membahas perubahan, pengangkatan, pengesahan dan perkenalan pejabat Komite                        v     v      x     v
              8 December 2025 Nominasi dan Remunerasi yang baru.
                              Discussed the change, appointment, ratification, and introduction of members of the
                              new Nomination and Remuneration Committee.

      Keterangan | Note:
      KP: Kanaka Puradiredja
      IHS: Bambang Irawan Hendradi
      HNS: Handoko N. Soetrisno
      YHT: Yusri Hartadi




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                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                          Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                          Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                     Laporan Tata Kelola Perusahaan
                                                                                                          Report on Corporate Governance




PELATIHAN KOMITE NOMINASI DAN REMUNERASI                              TRAINING  OF   THE  NOMINATION                              AND
                                                                      REMUNERATION COMMITTEE
Komite Nominasi dan Remunerasi mengikuti program pelatihan            The Nomination and Remuneration Committee takes part in
dan pengembangan kompetensi dengan inisiatif pribadi di luar          training and competency development programs at their own
lingkungan Perseroan.                                                 personal initiative outside of the Company


PELAKSANAAN KEGIATAN KOMITE NOMINASI                                  IMPLEMENTATION OF ACTIVITIES OF THE
DAN REMUNERASI                                                        NOMINATION AND REMUNERATION COMMITTEE
Sepanjang tahun 2025, Komite Nominasi dan Remunerasi telah            Throughout the year 2025, the Nomination and Remuneration
melaksanakan tugas dan tanggung jawab dengan cakupan sebagai          Committee has carried out its duties and responsibilities, which
berikut:                                                              covered the following:
1.   Membahas anggaran remunerasi Dewan Komisaris dan                 1.  Discussed the remuneration budget for the Board of
     Direksi untuk tahun 2025                                             Commissioners and the Board of Directors for the year 2025
2. Meninjau kinerja komite secara keseluruhan untuk                   2. Reviewed the committee’s overall performance to ensure the
     memastikan pelaksanaan tugas sesuai dengan piagam dan                implementation of duties is in accordance with the charter
     peraturan yang berlaku                                               and applicable regulations
3. Membahas usulan dan rekomendasi kepada Dewan Komisaris             3. Discussed suggestions and recommendations to the Board
     mengenai perubahan susunan dan komposisi jabatan anggota             of Commissioners on the change in the composition of
     Komite Audit yag baru                                                members’ positions in the new Audit Committee
4. Membahan perubahan dan pengangkatan, pengesahan dan                4. Discussed the change and appointment, ratification, and
     perkenalan pejabat komite Nominasi dan Remunerasi yang               introduction of members of the new Nomination and
     baru.                                                                Remuneration Committee.




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      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      LAPORAN KOMITE NOMINASI DAN REMUNERASI                              REPORT OF THE NOMINATION AND
                                                                          REMUNERATION COMMITTEE
      Kepada Yth.                                                         To
      Dewan Komisaris                                                     The Board of Commissioners
      PT Bakrieland Development Tbk                                       PT Bakrieland Deelopment Tbk
      Wisma Bakrie 1, Lantai 6,                                           Wisma Bakrie 1, 6th Floor
      Jalan HR. Rasuna Said Kav. B-1,                                     Jalan HR Rasuna Said Kav. B-1
      Jakarta 12920                                                       Jakarta 12920


      Laporan Tahunan Pelaksanaan Kegiatan Komite Nominasi dan            Annual Report on the Implementation of the Nomination and
      Remunerasi untuk Tahun yang Berakhir pada Tanggal 31 Desember       Remuneration Committee’s Activities for the Year Which Ended
      2025.                                                               on 31 December 2025.


      Laporan kepada Dewan Komisaris ini disusun dengan                   Report to the Board of Commissioners is prepared with
      mempertimbangkan ketentuan Komite Nasional Kebijakan                consideration on the provisions of the Governance Policy National
      Governansi (KNKG) pada Pedoman Umum Good Corporate                  Committee (KNKG) on the Indonesia’s General Guidelines for
      Governance (“GCG”) Indonesia dan Peraturan Otoritas Jasa            Good Corporate Governance (“GCG”) and Financial Services
      Keuangan (POJK) No.34/POJK.04/2014 tentang Komite Nominasi          Authority Regulations (POJK) No. 34/POJK.04/2014 regarding
      dan Remunerasi Emiten atau Perusahaan Publik.                       the Nomination and Remuneration Committee of Issuers or
                                                                          Public Companies.


      Adapun susunan keanggotaan Komite berdasarkan Surat                 The membership composition of the Committee based on
      Keputusan Dewan Komisaris No. 001/KOM-PERSEROAN/                    Decision Letter of the Board of Commissioner No. 001/KOM-
      SKDK/I/2017 tertanggal 2 Januari 2017 tentang Susunan               PERSEROAN/SKDK/I/2017 date on 2 January 2017 regarding the
      Keanggotaan Komite Nominasi dan Remunerasi, yaitu menjadi           Membership Composition of the Nomination and Remuneration
      sebagai berikut:                                                    Committee, is as follows:
      1.  Kanaka Puradiredja : Ketua/Komisaris Independen                 1.  Kanaka Puradiredja : Chairman/Independent Commissioner
      2. Bambang Irawan Hendradi : Anggota                                2. Bambang Irawan Hendradi : Member
      3. Handoko N. Soetrisno : Anggota/Chief Corporate Human             3. Handoko N. Soetrisno : Member/Chief Corporate Human
          Capital Officer                                                     Capital Officer


      Selama tahun 2025, Komite Nominasi dan Remunerasi telah             During the year 2025, the Nomination and Remuneration
      menyelenggarakan rapat sebanyak 3 (tiga) kali dengan kehadiran      Committee held 3 (three) meetings with 100% attendance for all
      100% seluruh anggotanya.                                            of the members.




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                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                           Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                       Laporan Tata Kelola Perusahaan
                                                                                                            Report on Corporate Governance




Adapun pokok bahasan dalam rapat-rapat tersebut diantaranya            Main subjects of discussion in the meetings include the following:
adalah:
1.   Membahas usulan tentang kebijakan dan pedoman yang                1.   Recommendation on policies and guidelines that regulate the
     mengatur tentang penetapan kompensasi/penghargaan atas                 process of determining compensation/token of appreciation
     masa kerja bagi Dewan Komisaris dan Direksi pada saat masa             for the length of service of the Board of Commissioners and
     jabatannya berakhir.                                                   the Board of Directors when the term of office ends.
2. Membahas tentang kebijakan dan pedoman pemberian                    2.   Policies and guidelines on providing remuneration for
     remunerasi bagi Dewan Komisaris dan Direksi yang berhenti              members of the Board of Commissioners and the Board of
     dan/atau diberhentikan dari jabatannya sebelum adanya                  Directors who resign prior to definitive Decision through the
     Keputusan definitive melalui mekanismen Rapat Umum                     General Meeting of Shareholders mechanism.
     Pemegang Saham.


Selain itu, pada tahun 2025, Untuk total remunerasi yang               Additionally in 2025, the total compensation of remuneration paid
dibayarkan kepada seluruh anggota Dewan Komisaris dan Direksi          for all members of the Board of Commissioners and the Board
pada tahun 2025 yaitu Rp4.822.210.000 (empat milyar delapan            of Directors totalled Rp4,822,210,000 (four billion eight hundred
ratus dua puluh dua juta dua ratus sepuluh ribu rupiah).               twenty-two million two hundred ten thousand rupiah).



                                                     Jakarta, 31 Desember 2025
                                                     Jakarta, 31 December 2025




            Kanaka Puradiredja                       Bambang Irawan Hendradi                                    Handoko N. Soetrisno
            (Ketua | Chairman)                         (Anggota | Member)                                       (Anggota | Member)




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      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      SEKRETARIS PERUSAHAAN                                                 CORPORATE SECRETARY
      Hingga akhir tahun 2025, Perseroan tidak memiliki komite lain         Until the end of the year 2025, the Company did not retain other
      yang berada di bawah Direksi. Organ Perseroan yang berada di          committees under the Board of Directors. The Company’s organ
      bawah Direksi adalah Sekretaris Perusahaan.                           under the Board of Directors is the Corporate Secretary.


      Sebagai perusahaan publik, pembentukan Sekretaris Perusahaan          As a public company, the establishment of the Corporate
      mengacu pada ketentuan POJK No. 35/POJK.04/2014 tentang               Secretary refers to the provision in POJK No. 35/POJK.04/2014
      Sekretaris Perusahaan Emiten atau Perusahaan Publik. Perseroan        regarding the Corporate Secretary of Issuers or Public companies.
      telah menunjuk Sekretaris Perusahaan melalui Surat Keputusan          The Company appointed the Corporate Secretary through Decree
      Direksi PT Bakrieland Development Tbk No. 001/DIR-PERSEROAN/          of the Board of Directors of PT Bakrieland Development Tbk No.
      SKD/I/2022 tanggal 3 Januari 2022.                                    001/DIR-PERSEROAN/SKD/I/2022 dated 3 January 2022.


      PROFIL SEKRETARIS PERUSAHAAN                                          PROFILE OF THE CORPORATE SECRETARY

      Harsya Novwan
      Anggota
      Warga Negara Indonesia, 48 tahun, domisili di Jakarta.
      Member
      Indonesian Nationality, Age 48 years, Domicile in Jakarta.
      Dasar Pengangkatan:                    Surat Keputusan Direksi PT Bakrieland Development Tbk No. 001/DIR-PERSEROAN/SKD/I/2022
      Basis of Appointment:                  tanggal 3 Januari 2022
                                             Decision Letter of the Board of Directors of PT Bakrieland Development Tbk No. 001/DIR-
                                             PERSEROAN/SKD/I/2022 dated 3 January 2022
      Riwayat Pendidikan:                    • Magister Hukum Ekonomi, Fakultas Hukum Universitas Indonesia
      Educational Background:                • Sarjana Hukum, Fakultas Hukum Universitas Trisakti
                                             • Summers School oleh German Academic Exchange Service, Bayreuth University dan
                                               Universitas Parahyangan dengan jurusan Hukum Ekonomi, dengan fokus pada Hukum
                                               Persaingan, Hukum Perusahaan, Kontrak Komersial Internasional, dan Hukum Perdagangan
                                               Internasional
                                             • Berbagai kursus pelatihan profesional hukum di bidang Pasar Modal, Hukum Kepailitan dan
                                               Persaingan Usaha.
                                             • Master’s degree (Magister) in Economic Law, Faculty of Law, Universitas Indonesia
                                             • Bachelor’s degree (Sarjana) in Law, Faculty of Law, Universitas Trisakti
                                             • Summers School by German Academic Exchange Service, Bayreuth University and Universitas
                                               Parahyangan with major Economic Law, focus on Competition Law, Corporate Law,
                                               International Commercial Contract,and International Trade Law
                                             • Various law professional training and courses on Capital Market, Bankruptcy Law and Business
                                               Competition.
      Riwayat Karier:                        • Memiliki pengalaman praktik hukum yang luas, termasuk selama lebih dari 15 tahun sebagai
      Professional Background:                 Pengacara Korporat dan Pengacara Litigasi Komersial
                                             • Kepala Divisi Hukum di PT Bakrie Toll Road
                                             • Sebelumnya pernah berpraktik pada beberapa lawfirm terkemuka.
                                             • Advokat Terdaftar pada PERADI.
                                             • Vast experience in law practice, including more than 15 years as Corporate Attorney and
                                               Commercial Litigation Lawyer
                                             • Head of the Legal Division at PT Bakrie Toll Road
                                             • Previously with practices in several leading law firms.
                                             • Registered Advocate at PERADI.




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                                                                                        Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                                     Tata Kelola Perusahaan                   Laporan Berkelanjutan
       Pembahasan Manajemen
                                                     Good Corporate Governance               Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                                  Sustainable Report




                                                                                                Laporan Tata Kelola Perusahaan
                                                                                                                     Report on Corporate Governance




PELATIHAN SEKRETARIS PERUSAHAAN                                                  TRAINING OF CORPORATE SECRETARY
Sekretaris Perusahaan berpartisipasi dalam berbagai pelatihan                    The Corporate Secretary took part in various training held by
yang diselenggarakan oleh berbagai pihak seperti BEI dan OJK.                    such parties as the Indonesia Stock Exchange and the Financial
Berikut adalah pelatihan yang diikuti oleh Sekretaris Perusahaan                 Services Authority (OJK). Following are programs joined by the
selama tahun 2025:                                                               Corporate Secretary during the year 2025:


                Tanggal                      Penyelenggara                             Topik Pelatihan                          Tempat-Format
No
                 Date                          Organizer                                Training Topic                          Venue - Format
 1     6 Januari 2025                     Kustodian Sentral Efek       Sosialisasi Easy.KSEI batch 1 Tahun 2025                    Webinar
       6 January 2025                        Indonesia (KSEI)          Socialization of Easy.KSEI batch-1 of Year
                                                                       2025
 2     16 Januari 2025                  Indonesia Corporate      ICSA “Internal Engagement: Bridging the                           Webinar
       16 January 2025              Secretary Association (ICSA) Generation Gap"
 3     22 Januari 2025                  Indonesia Corporate      Webinar ICSA “Pendalaman POJK No. 29/                             Webinar
       22 January 2025              Secretary Association (ICSA) POJK.04/2016 tentang Laporan Tahunan
                                                                 Emiten atau Perusahaan Publik & POJK
                                                                 No. 51/POJK.03/2017 tentang Penerapan
                                                                 Keuangan Berkelanjutan bagi Lembaga Jasa
                                                                 Keuangan, Emiten, dan Perusahaan Publik”
                                                                 “In-Dept Review of POJK No. 29/
                                                                 POJK.04/2016 on Annual Reports of Issuers
                                                                 or Public Companies & POJK No. 51/
                                                                 POJK.03/2017 on the Implementation of
                                                                 Sustainable Finance for Financial Services
                                                                 Institutions, Issuers, and Public Companies”
 4     22 Januari 2025                  Indonesia Corporate      Webinar Sosialisasi ESG Reporting                                 Webinar
       22 January 2025              Secretary Association (ICSA) Socialization on ESG Reporting
 5     6 Februari 2025              Otoritas Jasa Keuangan (OJK) Sosialisasi POJK Nomor 45 Tahun 2024                              Webinar
       6 February 2025               Financial Services Authority tentang Pengembangan dan Penguatan
                                                (OJK)             Emiten dan Perusahaan Publik
                                                                  Socialization on POJK No. 45 of Year 2024 on
                                                                  Development and Strengthening of Issuers
                                                                  and Public Companies
 6     18 Februari 2025                 Indonesia Corporate      Pendalaman POJK No. 14/POJK.04/2022                               Webinar
       18 February 2025             Secretary Association (ICSA) Tentang Penyampaian Laporan Keuangan
                                                                 Berkala Emiten Atau Perusahaan Publik
                                                                 In-Depth Review of POJK No. 14/
                                                                 POJK.04/2022 on Submission of Periodic
                                                                 Financial Reports of Issuers or Public
                                                                 Companies
 7     26 Februari 2025                 Indonesia Corporate      Corporate Reputation in the Digital                               Webinar
       26 February 2025             Secretary Association (ICSA) Era: Strategies to Build Investor Trust
                                                                 Confirmation




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Page 206
            Kilas Kinerja       Laporan Manajemen        Profil Perusahaan             Unit Pendukung Bisnis
      Performance Highlights      Management Report        Company Profile               Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                      Tanggal                Penyelenggara                           Topik Pelatihan                     Tempat-Format
      No
                       Date                    Organizer                              Training Topic                     Venue - Format
       8     13 Maret 2025               Indonesia Corporate      Peran Perusahaan Publik dalam Keuangan                    Webinar
             13 March 2025           Secretary Association (ICSA) Berkelanjutan: Memahami Taksonomi untuk
                                                                  Keuangan Berkelanjutan Indonesia Versi 2
                                                                  Role of Public Companies in Sustainable
                                                                  Finance: Understanding the Taxonomy for
                                                                  Indonesia’s Sustainable Finance Version 2
       9     18 Maret 2025               Indonesia Corporate      Menavigasi Tantangan ESG melalui Penguatan                Webinar
             18 March 2025           Secretary Association (ICSA) Kebijakan Good Corporate Governance
                                                                  Corporate Governance
                                                                  Navigating the Challenges of ESG Through
                                                                  the Strengthening of Good Corporate
                                                                  Governance Policy
       10 19 Maret 2025                  Indonesia Corporate      Pendalaman POJK Nomor 9 Tahun 2023                        Webinar
          19 March 2025              Secretary Association (ICSA) tentang     Penggunaan      Jasa    Akuntan
                                                                  Publik dan Kantor Akuntan Publik dalam
                                                                  Kegiatan Jasa Keuangan & SE OJK Nomor
                                                                  18/SEOJK.03/2023 tentang Tata Cara
                                                                  Penggunaan Jasa Akuntan Publik dan Kantor
                                                                  Akuntan
                                                                  In-Depth Review of POJK No. 9 of Year
                                                                  2023 on The Use of Public Accountant and
                                                                  Public Accounting Firm in Financial Services
                                                                  Activities & SE OJK No. 18/SEOJK.03/2023
                                                                  on Procedures of Using the Services of Public
                                                                  Accountant and Accounting Firm
       11    21 Maret 2025             Bursa Efek Indonesia (BEI)     Sosialisasi dan Konsultasi Publik atas Inisiatif      Webinar
             21 March 2025             Indonesia Stock Exchange       Konsep IDX Green Equity Designation
                                                 (BEI)                Socialization and Public Consultation on
                                                                      the Green Equity Designation IDX Concept
                                                                      Initiative
       12 26 Maret 2025                  Indonesia Corporate      Langkah Awal dalam Membangun Inisiatif                    Webinar
          26 March 2025              Secretary Association (ICSA) ESG: Panduan Praktis untuk Perusahaan
                                                                  Initial Step in Developing ESG Initiative:
                                                                  Practical Guide for Companies
       13 17 April 2025                  Indonesia Corporate      Peran    Corporate     Secretary    dalam                 Webinar
          17 April 2025              Secretary Association (ICSA) Mendorong Governansi, Manajemen Risiko,
                                                                  dan Kepatuhan (GRK) yang Baik
                                                                  Role of Corporate Secretary in Encouraging
                                                                  Good Governance, Risk Management and
                                                                  Compliance (GRK)
       14 22 April 2025                  Indonesia Corporate      Pendalaman Peraturan No. I-E tentang                      Webinar
          22 April 2025              Secretary Association (ICSA) Kewajiban Penyampaian Informasi
                                                                  In-Depth Review of Regulation No. I-E on the
                                                                  Obligation to Submit Information




204         PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                             www.bakrieland.com
Page 207
                                                                                  Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                                Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                           Laporan Tata Kelola Perusahaan
                                                                                                                Report on Corporate Governance




              Tanggal                   Penyelenggara                            Topik Pelatihan                           Tempat-Format
No
               Date                       Organizer                               Training Topic                           Venue - Format
 15 24 April 2025                     Indonesia Corporate      Communication Evaluation: Measuring the                        Webinar
    24 April 2025                 Secretary Association (ICSA) Impact of Communications to Stakeholders
                                                               Confirmation
 16 14 Mei 2025                       Indonesia Corporate      Pendalaman    Peraturan   Otoritas   Jasa                      Webinar
    14 May 2025                   Secretary Association (ICSA) Keuangan Nomor 29 Tahun 2023 Tentang
                                                               Pembelian Kembali Saham Yang Dikeluarkan
                                                               Oleh Perusahaan Terbuka
                                                               In-Depth Review on Financial Services
                                                               Authority Regulation No. 29 of Year 2023
                                                               on the Shares Buy-Back Issued by Public
                                                               Companies
 17 20 Mei 2025                       Indonesia Corporate      Kesiapan Perusahaan dalam Menghadapi                           Webinar
    20 May 2025                   Secretary Association (ICSA) Volatilitas Pasar Global: Perspektif Investor
                                                               Relations     dan    Corporate     Secretary
                                                               Confirmation
                                                               Readiness of Companies in Facing Volatility
                                                               of the Global Market: Investor Relations
                                                               and Corporate Secretary Perspective
                                                               Confirmation
 18 17 Juni 2025                      Indonesia Corporate      Pendalaman      Peraturan   Otoritas    Jasa                   Webinar
    17 June 2025                  Secretary Association (ICSA) Keuangan   Nomor    14 Tahun  2019   tentang
                                                               Perubahan atas Peraturan Otoritas Jasa
                                                               Keuangan Nomor 32 Tahun 2015 tentang
                                                               Penambahan Modal Perusahaan Terbuka
                                                               Dengan Memberikan Hak Memesan Efek
                                                               Terlebih Dahulu
                                                               In-Depth Review on Financial Services
                                                               Authority Regulation No. 14 of Year 2019 on
                                                               the Change in Financial Services Authority
                                                               Regulation No. 32 of Year 2015 regarding the
                                                               Additional Capital of Public Companies by
                                                               Granting Pre-Emptive Rights
 19 29 Juli 2025                      Indonesia Corporate      Pendalaman     Peraturan    Otoritas Jasa                      Webinar
    29 July 2025                  Secretary Association (ICSA) Keuangan Nomor 4 Tahun 2024 tentang
                                                               Laporan Kepemilikan atau Setiap Perubahan
                                                               Kepemilikan Saham Perusahaan Terbuka
                                                               dan Laporan Aktivitas Menjaminkan Saham
                                                               Perusahaan Terbuka
                                                               In-Dept Review of the Financial Services
                                                               Authority Regulation No. 4 of Year 2024
                                                               on Report of Ownership or Any Changes
                                                               in Ownership of Public Company Shares
                                                               and Report of Activities Pledged by Public
                                                               Company Shares
20 29 Agustus 2025                    Indonesia Corporate      A Risk-Based Approach to ESG: Building                         Webinar
   29 August 2025                 Secretary Association (ICSA) Resilient, Responsible Businesses




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         Kilas Kinerja         Laporan Manajemen        Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                    Tanggal                 Penyelenggara                         Topik Pelatihan                 Tempat-Format
      No
                     Date                     Organizer                            Training Topic                 Venue - Format
       21 19 September 2025             Indonesia Corporate      Tax for Non Tax: Peran Corporate Secretary          Webinar
          19 September 2025         Secretary Association (ICSA) dalam Kewajiban Pajak Emiten, M&A, dan
                                                                 Transaksi Saham
                                                                 Tax for Non-Tax: Role of Corporate Secretary
                                                                 in Tax Obligation of Issuers, M&A, and Shares
                                                                 Transaction
      22 29 Oktober 2025              Bursa Efek Indonesia (BEI)     Sosialiasi Pernyataan Standar Pengungkapan      Webinar
         29 October 2025              Indonesia Stock Exchange       Keberlanjutan (PSPK 1 dan PSPK 2)
                                                (BEI)                Socialization on Sustainability Disxlosure
                                                                     Standards Statement (PSPK 1 and PSPK 2)
      23 4 November 2025            Otoritas Jasa Keuangan (OJK) The       ASEAN       Capital      Markets          Webinar
         4 November 2025             Financial Services Authority Forum     (“ACMF”)    and    International
                                                (OJK)             Sustainability Standards Board’s (“ISSB”)
                                                                  joint Technical Training Workshop for
                                                                  Corporate Preparers
      24 13 November 2025               Indonesia Corporate      IFRS 1 & 2 Update and Practical Insights for        Webinar
         13 November 2025           Secretary Association (ICSA) Public Companies Confirmation
      25 20 November 2025               Indonesia Corporate      Media Handling 4.0: Peran Corporate                 Webinar
         20 November 2025           Secretary Association (ICSA) Secretary dalam Era AI dan Reputasi Digital
                                                                 Media Handling 4.0: Role of Corporate
                                                                 Secretary in AI and Digital Reputation Era
      26 1 Desember 2025                Indonesia Corporate      Membangun Sistem Whistleblowing yang                Webinar
         1 December 2025            Secretary Association (ICSA) Efektif dan Berintegritas Berbasis ISO
                                                                 37002:2021
                                                                 Building Effective ISO 37002:2021-Based
                                                                 Whistleblowing System with Integrity
      27 2 Desember 2025                Indonesia Corporate      Pendalaman      Peraturan   Otoritas    Jasa        Webinar
         2 December 2025            Secretary Association (ICSA) Keuangan    Nomor   42 Tahun 2020    tentang
                                                                 Transaksi Afiliasi dan Transaksi Benturan
                                                                 Kepentingan
                                                                 In-Depth Review of Financial Services
                                                                 Authority Regulation No. 42 of Year 2020
                                                                 on Affiliation Transaction and Conflict of
                                                                 Interest Transaction
      28 9 Desember 2025                Indonesia Corporate      Pendalaman Peraturan Nomor I-A tentang              Webinar
         9 December 2025            Secretary Association (ICSA) Pencatatan Saham dan Efek Bersifat
                                                                 Ekuitas Selain Saham yang Diterbitkan oleh
                                                                 Perusahaan Tercatat
                                                                 In-Depth Review of Regulation N. I-A on
                                                                 Listing of Shares and Equity Securities Other
                                                                 Than Shares Issued by Listed Companies
      29 11 Desember 2025                  ICSA & Olahkarsa          Green Economic Outlook 2026                     Seminar
         11 December 2025




206        PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                       www.bakrieland.com
Page 209
                                                                                Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




PELAKSANAAN TUGAS SEKRETARIS PERUSAHAAN                                 IMPLEMENTATION OF DUTIES OF CORPORATE
                                                                        SECRETARY
Pelaksanaan tugas Sekretaris Perusahaan selama tahun 2025, di           Implementation of duties of the Corporate Secretary during the
antaranya sebagai berikut:                                              year 2025, among others, includes the following:
1.   Melakukan pelaporan informasi dan fakta material melalui           1.   Conducted reporting of material information and facts by
     surat kepada OJK dan electronic reporting kepada BEI.                   letter to OJK and electronic reporting to BEI.
2. Memastikan Perseroan sudah mematuhi peraturan pasar                  2. Ensured the Company complied with regulations of the
     modal, termasuk perkembangan peraturan baru. Perseroan                  capital market, including the development of new regulations.
     telah menerbitkan 1 (satu) Laporan Keuangan Tahunan 2024,               The Company issued 1 (one) Annual Financial Statements of
     3 (tiga) Laporan Keuangan Triwulan Tahun 2025 dan 1 (satu)              2024, 3 (three) Quarterly Financial Statements of 2025 and 1
     Laporan Tahunan dan Laporan Keberlanjutan 2024.                         (one) Annual Report & Sustainability Report of 2024.
3. Melakukan korespondensi dengan regulator Pasar Modal                 3. Conducted 35 (thirty-five) correspondences with the Capital
     selama 2025 sebanyak 35 (tiga puluh lima) kali.                         Market regulator during the year 2025.
4. Menyampaikan keterbukaan informasi terkait Perseroan                 4. Submitted disclosure of information related to the Company
     melalui berbagai media dan saluran komunikasi termasuk                  through various media and communication channels,
     RUPS yaitu RUPS Tahunan tanggal 19 Juni 2025 dan 1 Juli                 including GMS, namely the Annual GMS on 19 June 2025 and
     2025.                                                                   1 July 2025.
5. Pengkinian situs web Perseroan secara berkala.                       5. Updated regularly on the Company website.


RENCANA PROGRAM SEKRETARIS PERUSAHAAN                                   2026 PROGRAM                      PLANS         OF   CORPORATE
TAHUN 2026                                                              SECRETARY
Di tahun mendatang, Sekretaris Perusahaan berencana untuk               In the coming year , the Corporate Secretary plans to improve
meningkatkan keikutsertaan pada acara sosialisasi/pelatihan yang        participation in socialization/training events conducted by the
dilaksanakan oleh Regulator dan Penunjang Pasar Modal untuk             Regulator and Capital Market Support in order to continue to
terus meningkatkan pemahaman atas peraturan-peraturan dan               improve the understanding of regulations and the accuracy of
ketepatan dalam melaksanakan pelaporan terkait pasar modal.             reporting related to the capital market.


KETERBUKAAN INFORMASI                                                   DISCLOSURE OF INFORMATION
Perseroan menempatkan keterbukaan informasi sebagai bagian              The Company places disclosure of information as an integral
integral dari penerapan Tata Kelola Perusahaan yang Baik. Dalam         part in the implementation of Good Corporate Governance.
menjalankan fungsi komunikasi perusahaan, Divisi Corporate              Inperformingthe corporate communication function, the
Secretary dan Corporate Investor Relations berkomitmen untuk            Corporate Secretary and Corporate Investor Relations
menerapkan kebijakan komunikasi yang transparan dan akuntabel.          Divisionsare committed to implementing a transparent and
Komitmen tersebut dituangkan dalam Pedoman Pengungkapan                 accountable communication policy.        This commitment is
Informasi PT Bakrieland Development Tbk yang ditetapkan                 stated in the Information Disclosure Guidelines of PT Bakrieland
melalui Surat Keputusan Direksi No. 124/SK/DIR-BLD/VII/08 serta         Development Tbk set through theDecree of the Board of Directors
Kebijakan Komunikasi dengan Pemegang Saham yang ditetapkan              No. 124/SK/DIR-BLD/VII/08 and the Communication Policy with
melalui Surat Keputusan Direksi No. 125/SK/DIR-BLD/VII/08.              Shareholders, set through Decree of the Board of Directors No.
                                                                        125/SK/DIR-BLD/VII/08.


Penerapan kebijakan tersebut merupakan bagian dari upaya                Implementation of this policy is part of the Company’s effort to
Perseroan dalam memenuhi ketentuan POJK No. 31/POJK.04/2015             comply with the provisions of POJK NO. 31/POJK.04/2015 on
tentang Keterbukaan atas Informasi atau Fakta Material oleh             Disclosure of Material Information or Facts by Issuers or Public
Emiten atau Perusahaan Publik. Berdasarkan kebijakan dimaksud,          Companies. Based on the above policy, the Company consistently
Perseroan secara konsisten mengungkapkan informasi dan                  discloses material information and facts as required by laws and
fakta material yang dipersyaratkan oleh peraturan perundang-            regulations, as well as other relevant information in support of the
undangan, serta informasi lain yang relevan dalam mendukung             decision-making process of the stakeholders.
proses pengambilan keputusan para pemangku kepentingan.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      AKSES INFORMASI PUBLIK                                               ACCESS TO PUBLIC INFORMATION
      Perseroan menyediakan akses informasi yang terbuka dan mudah         The Company provides open and easy accessibility to information
      dijangkau melalui situs web resmi Perseroan di www.bakrieland.       through the Company’s official website at www.bakrieland.com.
      com. Situs tersebut memuat berbagai informasi terkini, antara        The site contains updated information, among others, on project
      lain perkembangan proyek, aksi korporasi, serta informasi penting    development and corporate actions, as well as other important
      lainnya yang berkaitan dengan kegiatan usaha Perseroan. Secara       information related to the Company’s business activities. Overall,
      keseluruhan, pengelolaan dan konten situs web Perseroan telah        the management and content of the Company’s website have
      disesuaikan dengan ketentuan POJK No. 8/POJK.04/2015 tentang         been adjusted to the provisions setforth under POJK No. 8/
      Situs Website Emiten atau Perusahaan Publik.                         POJK.04/2015 on the Website of Issuers or Public Companies.


      Selain melalui website Perseroan, Corporate Secretary juga           Aside from the Company website, the Corporate Secretary
      melaksanakan kewajiban penyampaian informasi dan fakta               also carries out the obligation to disclose material information
      material kepada Otoritas Jasa Keuangan (OJK) serta melakukan         and facts to the Financial Services Authority (OJK) and submit
      pelaporan secara elektronik kepada Bursa Efek Indonesia (BEI).       electronic reporting to the Indonesia Stock Exchange (BEI).
      Informasi terkait Perseroan yang disampaikan kepada BEI dapat        Information related to the Company is disclosed to BEI at https://
      diakses melalui situs resmi BEI di https://www.idx.co.id dengan      www.idx.co.id by use of the Company listing code“ELTY.”
      menggunakan kode saham Perseroan, yaitu “ELTY”.


      Untuk memperoleh informasi lebih lanjut, para pemangku               To obtain further information, stakeholders may contact the
      kepentingan dapat menghubungi Sekretaris Perusahaan                  Corporate Secretary of Bakrieland through the following:
      Bakrieland melalui:
      •    Telepon : (62-21) 5257835                                       •   Telepon : (62-21) 5257835
      •    E-mail : corporate.info@bakrieland.com                          •   E-mail : corporate.info@bakrieland.com


      HUBUNGAN INVESTOR                                                    INVESTOR RELATIONS
      Sebagai perusahaan terbuka, Perseroan senantiasa menerapkan          As a public company, the Company always applies the principles
      prinsip transparansi dan keterbukaan informasi atas seluruh          of transparency and disclosure of information on all business
      aktivitas usaha dan capaian kinerja Perseroan maupun Entitas Anak.   activities and performance achievements of the Company as
      Sejalan dengan upaya menjaga keberlanjutan usaha jangka panjang,     well as its Subsidiaries. In line with the efforts to maintain long-
      Perseroan juga secara aktif membangun hubungan yang konstruktif      term business sustainability, the Company also actively builds
      dan berkesinambungan dengan para pemangku kepentingan.               constructive and continuous relationships with the stakeholders.


      Untuk mendukung hal tersebut, Perseroan membentuk Divisi             To support this, the Company sets up the Investor Relations
      Hubungan Investor yang memiliki tanggung jawab dalam                 Division assigned, with the responsibility to integrate financial,
      mengintegrasikan aspek keuangan, komunikasi, pemasaran, serta        communication and marketing aspects, as well as compliance
      kepatuhan terhadap ketentuan Pasar Modal. Divisi ini berperan        with provisions of the Capital Market. This Division takes the
      dalam menciptakan komunikasi yang efektif antara Perseroan           role in creating effective communication between the Company
      dengan investor, analis, komunitas pasar modal, serta pihak-pihak    and investors, analysts, the capital market community, and other
      terkait lainnya. Perseroan meyakini bahwa pelaksanaan fungsi         related parties. The Company believes that the implementation
      Hubungan Investor yang proaktif dan efektif akan memberikan          of a proactive and effective Investor Relations function providesa
      kontribusi positif terhadap persepsi pasar dan nilai Perseroan       positive contribution to the market’s perception and the overall
      secara keseluruhan.                                                  value of the Company.


      Sepanjang tahun 2025, Divisi Hubungan Investor secara aktif          Throughout the year 2025, the Investor Relations Division actively
      melakukan korespondensi dan komunikasi dengan analis, investor,      carried out correspondence and communication with analysts,
      serta media pasar modal. Komunikasi tersebut dilaksanakan secara     investors, and capital market media. This communication was
      terbuka, jelas, dan responsif guna memastikan tersampaikannya        executed openly, clearly, and responsively in order to ensure
      informasi yang akurat dan mudah dipahami oleh para pemangku          delivery of accurate information that’s easily perceived by
      kepentingan                                                          stakeholders.
      .




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Page 211
                                                                                Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




UNIT AUDIT INTERNAL                                                     INTERNAL AUDIT UNIT
Perseroan secara konsisten memperkuat sistem pengendalian               The Company consistently strengthens the internal control
internal sebagai bagian dari upaya membangun lingkungan                 system as part of the effort to build a reliable and sustainable
pengendalian yang andal dan berkelanjutan. Sistem pengendalian          control environment. This internal control system is designed in
internal tersebut dirancang secara terintegrasi dengan kerangka         integration with the company’s risk management framework so
manajemen risiko perusahaan, sehingga mampu mendukung                   as to be able to encourage the achievement of the Company’s
pencapaian tujuan kinerja Perseroan serta memberikan                    performance goals and provide adequate protection to various
perlindungan yang memadai terhadap berbagai risiko operasional          operational and financial risks. Through the implementation of a
dan keuangan. Melalui penerapan pengendalian internal yang              comprehensive internal control, the Company strives to ensure
menyeluruh, Perseroan berupaya memastikan efektivitas dan               operational effectiveness and efficiency, reliability of financial
efisiensi operasional, keandalan pelaporan keuangan, kelayakan          reporting, operational and financial control feasibility, as well as
pengendalian operasional dan finansial, serta kepatuhan terhadap        compliance with provisions of applicable laws and regulations.
ketentuan hukum dan peraturan yang berlaku.


Dalam kerangka pengendalian internal tersebut, Komite Audit             In the context of this internal control, the Audit Committee
berperan membantu Dewan Komisaris dalam melaksanakan fungsi             assists the Board of Commissioners in carrying out its supervisory
pengawasan. Peran tersebut mencakup antara lain penelaahan atas         function. This role includes, among others, reviewing the audited
laporan keuangan auditan dan laporan keuangan kuartalan hingga          financial reports and quarterly to annual financial reports,
tahunan, evaluasi atas proses pelaporan keuangan dan sistem             evaluating the financial reporting process and internal control
pengendalian internal, serta pengawasan terhadap pelaksanaan            system, and supervisingthe implementation of the audit process.
proses audit. Sementara itu, Direksi bertanggung jawab untuk            Meanwhile, the Board of Directors is responsible for designing,
merancang, membangun, serta memelihara sistem pengendalian              developing, and maintaining the internal control system that is
internal yang efektif dan efisien agar dapat diimplementasikan          effective and efficient so that it can be implemented consistently
secara konsisten di seluruh lini organisasi.                            across all lines of the organization.


Pelaksanaan fungsi pengendalian internal secara operasional             Implementation of the internal control function is operationally
dijalankan oleh Unit Audit Internal Perseroan melalui Divisi            carried out by the Company’s Internal Audit Unit through the
Corporate Internal Audit (CIA). Unit ini menjalankan fungsi audit       Corporate Internal Audit (CIA) Division. This Unit performs
internal secara independen dan objektif untuk memberikan                the internal audit function independently and objectively to
keyakinan serta rekomendasi yang bertujuan meningkatkan                 provide assurance and recommendations aimed at improving
efektivitas tata kelola, manajemen risiko, dan pengendalian             the effectiveness of governance, risk management, and internal
internal. Pembentukan dan pelaksanaan fungsi divisi CIA mengacu         control. The establishment and implementation of the CIA
kepada POJK No. 56/POJK/2015 tanggal 23 Desember 2015.                  division function refers to POJK No. 56/POJK/2015 dated 23
                                                                        December 2015.




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         Kilas Kinerja         Laporan Manajemen        Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      PROFIL KEPALA DIVISI CIA                                               PROFILE OF THE CIA DIVISION HEAD

      Deri Meidian Ramdhani
       Warga Negara Indonesia, 38 tahun, domisili di Bekasi, Jawa Barat.
       Indonesian Nationality, Age 38 years, Domicile in Bekasi, West Java
       Dasar Pengangkatan:                   Surat Keputusan Direksi tanggal 02 Mei 2023 No 005/DIR-PERSEROAN/SKD/V/2023
       Basis of Appointment:                 Decree of the Board of Directors dated 2 May 2023 No. 005/DIR-PERSEROAN/SKD/V/2023
       Riwayat Pendidikan:                   • Sarjana di ITB, Bandung (2010)
       Educational Background:               • Magister Administrasi Bisnis di ITB, Bandung (2020)
                                             • Bachelor’s degree (Sarjana) from ITB, Bandung (2010)
                                             • Master’s degree (Magister) in Business Administration from ITB, Bandung (2020)
       Riwayat Karier:                       Beliau berkarier sejak 2011 di sejumlah perusahaan (properti, manufaktur, distribusi,
       Professional Background               telekomunikasi, dll) sebagai Risk Management dan Internal Auditor. Sejak bulan Mei 2023, beliau
                                             berkarir di Perseroan sebagai Internal Audit Division Head Perseroan.
                                             He started his career since 2011 in several companies (property, manufacturing, distribution,
                                             telecommunication, and others) as Risk Management and Internal Auditor. Since May 2023, he
                                             joined the Company as Head of the Internal Audit Division of the Company.


      PIHAK   YANG      MENGANGKAT                                 DAN       THE PARTY IN CHARGE OF THE APPOINTMENT
      MEMBERHENTIKAN KEPALA DIVISI CIA                                       AND DISMISSAL OF CIA DIVISION HEAD
      Divisi CIA dipimpin oleh seorang Kepala Divisi yang diangkat           The CIA Division is led by a Division Head, appointed and
      dan diberhentikan oleh Direktur Utama atas persetujuan Dewan           dismissed by the President Director upon approval of the Board
      Komisaris. Kepala Divisi bertanggung jawab langsung kepada             of Commissioners.
      Direktur Utama.


      STRUKTUR ORGANISASI DAN KEDUDUKAN DIVISI                               ORGANIZATIONAL STRUCTURE AND POSITION
      CIA                                                                    OF THE CIA DIVISION
      Secara struktural, Kepala Divisi CIA bertanggung jawab langsung        Structurally, the Head of the CIA Division reports directly to the
      kepada Direktur Utama dan mempunyai hubungan fungsional                President Director and has a function relationship with the Audit
      dengan Komite Audit.                                                   Committee.


      TUGAS DAN TANGGUNG JAWAB DIVISI CIA                                    DUTIES AND RESPONSIBILITIES OF THE CIA
                                                                             DIVISION
      Lingkup utama kegiatan audit internal yang dijalankan Divisi CIA di    The main scope of internal audit activities carried out by the CIA
      antaranya mencakup pelaksanaan kegiatan asurans dan konsultasi         Division, among others, includes the implementation of assurance
      yang ndependent dan objektif yang didesain untuk memberikan            and consultation activities that are independent and objective,
      nilai tambah dan meningkatkan operasional organisasi melalui           designed to provide added value and to improve the organization’s
      pendekatan yang sistematis. Hal ini dilakukan dengan cara              operations through a systematic approach. This is conducted by
      mengevaluasi dan meningkatkan efektivitas manajemen risiko,            means of evaluation and improvement of the effectiveness of risk
      pengendalian dan tata kelola perusahaan.                               management, control, and corporate governance.


      Berdasarkan Piagam Audit Internal, tugas dan tanggung jawab            Based on the Internal Audit Charter, the duties and responsibilities
      Divisi CIA adalah sebagai berikut:                                     of the CIA Division are as follows:
      a. Menyusun dan melaksanakan rencana audit internal tahunan.           a. Prepare and implement the annual internal audit plans.
      b. Menguji dan mengevaluasi kesesuaian pelaksanaan                     b. Test and evaluate the suitability of the implementation of risk
           manajemen risiko, pengendalian dan tata kelola dengan                  management, control, and governance with the Company’s
           kebijakan Perseroan.                                                   policies.




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                                                                                 Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                              Tata Kelola Perusahaan                   Laporan Berkelanjutan
       Pembahasan Manajemen
                                              Good Corporate Governance                Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                            Sustainable Report




                                                                                          Laporan Tata Kelola Perusahaan
                                                                                                               Report on Corporate Governance




c.    Melakukan pemeriksaan dan penilaian atas efisiensi dan              c.   Inspect and evaluate the efficiency and effectiveness of the
      efektivitas di bidang keuangan, akuntansi, operasional, SDM,             finance, accounting, operation, HR, marketing, IT, and other
      pemasaran, TI, dan kegiatan lainnya.                                     activities.
d.    Memberikan saran perbaikan dan informasi yang objektif              d.   Provide suggestions for improvements and objective
      tentang kegiatan yang diperiksa pada tingkat manajemen.                  information about the activities being audited at the
                                                                               management level.
e.    Membuat laporan hasil audit dan menyampaikannya kepada              e.   Prepare a report on audit results and submit it to the
      Direktur Utama dan Dewan Komisaris melalui Komite Audit.                 President Director and the Board of Commissioners through
                                                                               the Audit Committee.
f.    Memantau, menganalisis, dan melaporkan pelaksanaan                  f.   Monitor, analyze, and report the implementation of follow-
      tindak lanjut perbaikan yang telah disarankan.                           up improvements as recommended.
g.    Bekerja sama dengan Komite Audit.                                   g.   Cooperation with the Audit Committee.
h.    Menyusun program untuk mengevaluasi mutu kegiatan audit             h.   Prepare the program to evaluate the quality of the internal
      internal yang dilakukan.                                                 audit activities carried out.
i.    Mengevaluasi ketaatan Perseroan terhadap hukum dan                  i.   Evaluate the Company’s compliance with applicable laws
      peraturan perundangan yang berlaku, serta kebijakan dan                  and regulations, as well as the Company’s policies and
      prosedur Perseroan.                                                      procedures.
j.    Melaksanakan penugasan khusus yang relevan dengan ruang             j.   Conduct special assignments that are relevant tothe audit
      lingkup pekerjaan audit.                                                 scope of work.


RAPAT DIVISI CIA                                                          MEETING OF THE CIA DIVISION
Sepanjang tahun 2025, Divisi CIA telah melaksanakan rapat                 Throughout the year 2025, the CIA Division carried out coordinating
koordinasi bersama Direksi sebanyak 6 (enam) kali dan bersama             meetings jointly with the Board of Directors 6 (six) times and
Komite Audit sebanyak 8 (delapan) kali. Selain itu, Divisi CIA            together with the Audit Committee 8 (eight) times. In addition, the
juga mengadakan pembahasan dengan unit kerja lainnya untuk                CIA Division also held discussions with other work units on matters
mendiskusikan hal-hal terkait perilisan laporan keuangan kuartalan,       related to the quarterly financial statements release, performance
evaluasi kinerja Kantor Akuntan Publik (KAP), rekomendasi                 evaluation of the Public Accounting Firm (KAP), management
manajemen atas hasil audit laporan keuangan, dan lini masa                recommendations on results of the financial statement audits, and
agenda tahunan audit eksternal.                                           the timeline for the annual external audit agenda.


PIAGAM AUDIT INTERNAL                                                     CHARTER OF THE INTERNAL AUDIT
Dalam menjalankan tugas dan tanggung jawabnya, seluruh auditor            In performing its duties and responsibilities, all of the Company’s
internal Perseroan wajib menerapkan nilai-nilai dan kode etik             internal auditors must apply professional values and a code of
profesi serta menjaga independensi dengan berpedoman pada                 ethics and maintain independency by referring to the Internal
Piagam Audit Internal yang telah dibentuk sejak 2008 berdasarkan          Audit Charter, established in 2008 based on Decree of the
Surat Keputusan SK-Dir No. 209/SK/DIR-BLD/XII/08. Secara garis            Board of Directors No. 209/SK/DIR-BLD/XII/08. In general, the
besar, Piagam Audit Internal mengatur mengenai struktur dan               Internal Audit Charter regulates the structure and position, duty
kedudukan, tugas dan tanggung jawab, ruang lingkup pekerjaan,             and responsibility, scope of work, authority, code of ethics, and
wewenang, kode etik, serta pertanggungjawaban Divisi CIA.                 accountability of the CIA Division.


Sosialisasi Piagam Audit Internal dilaksanakan secara berkelanjutan       Socialization of the Internal Audit Charter is continuously carried
melalui berbagai forum rapat lintas fungsi di lingkungan Perseroan.       out through various cross-functional meeting forums within
Selain itu, internalisasi piagam juga dilakukan melalui kegiatan          the Company. In addition, internalization of the charter is also
reminder yang terintegrasi dengan proses pemantauan tindak                conducted through reminder activities that are integrated with
lanjut, evaluasi kinerja rekanan, serta pengelolaan aktivitas bisnis      the follow-up monitoring process and performance evaluation
agar senantiasa berjalan dalam koridor Kesehatan, Keselamatan             of work partners, as well as management of business activities
Kerja, dan Lingkungan (K3L). Pendekatan ini bertujuan untuk               so that they all run within the Occupational Health, Safety, and
memastikan pemahaman yang konsisten atas peran dan fungsi                 Environment (OHSE) corridor. This approach is aimed at ensuring




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             Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights       Management Report          Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Audit Internal, sekaligus mendorong kepatuhan terhadap kebijakan          consistent understanding of the role and function of the Internal
      dan prosedur yang berlaku di seluruh unit kerja Perseroan.                Audit, and at the same time encouraging compliance with
      Informasi lengkap mengenai uraian Piagam Audit Internal dapat             applicable policies and procedures throughout the Company’s
      diakses pada website Perseroan, yaitu: https://bakrieland.com/            work units. Complete information on the Internal Audit Charter’s
      en_gcg/internalauditcharter.                                              description may be accessed on the Company’s website, namely
                                                                                as follows: https://bakrieland.com/en_gcg/internalauditcharter


      PELATIHAN UNIT AUDIT INTERNAL                                             TRAINING OF THE INTERNAL AUDIT UNIT
      Perseroan mendorong partisipasi aktif Divisi CIA untuk mengikuti          The Company encourages the active participation of the CIA
      berbagai jenis pelatihan secara berkesinambungan baik sertifikasi         Division to join various types of training on a continuous basis,
      profesi maupun pelatihan non-sertifikasi untuk menunjang                  both professional certification as well as non-certification training,
      pengembangan manajerial maupun kompetensi audit secara                    to support managerial and direct audit competency. Following is
      langsung. Berikut daftar pelatihan, seminar, maupun workshop              a list of training, seminar, and workshops participated in by the
      yang telah diikuti Divisi CIA selama 2025.                                CIA Division during the year 2025.


                      Tanggal               Penyelenggara                            Topik Pelatihan                            Media Pelatihan
       No
                       Date                   Organizer                              Topic of Training                          Training Media
        1.      6 Februari 2025      Helios Informatika            Practical Steps to PDP Compliance                               Tatap muka
                6 February 2025      Nusantara                                                                                       Offline
       2.       18 Maret 2025        Indonesia Corporate           Menavigasi Tantangan ESG melalui Penguatan                        Online
                18 March 2025        Secretary Association         Kebijakan Good Corporate Governance
                                                                   Navigating ESG Challenges Through the Strengthening
                                                                   of Good Corporate Governance Policy
       3.       21 Juni 2025         YPIA                          Introducing the New Standards and Understanding                 Tatap muka
                21 June 2025                                       Control Framework                                                 Offline
       4.       28 Juni 2025         Revolution Mind               IT Risk Management Workshop                                       Online
                28 June 2025         Indonesia
       5.       5 Agustus 2025       Revolution Mind               Financial Risk Management                                         Online
                5 August 2025        Indonesia
       6.       19 Agustus 2025      OJK                           Risk & Governance Summit 2025                                     Online
                19 August 2025       Financial Services
                                     Authority (OJK)
       7.       1 Desember 2025      Indonesia Corporate           Membangun Sistem Whistleblowing yang Efektif dan                  Online
                1 December 2025      Secretary Association         Berintegritas Berbasis ISO 37002:2021
                                                                   Building an Effective ISO 37002:2021-Based
                                                                   Whistleblowing System with Integrity


      LAPORAN PELAKSANAAN                         KEGIATAN          AUDIT       REPORT ON THE IMPLEMENTATION OF AUDIT
      INTERNAL                                                                  ACTIVITIES IN 2024
      Divisi CIA senantiasa mendukung aktivitas Komite Audit dalam              The CIA Division continually supports activities of the
      melaksanakan tugas dan tanggung jawab pengawasan. Di                      Audit Committee in conducting its supervisory duties and
      samping itu, Divisi CIA juga menyampaikan informasi secara                responsibilities. In addition, the CIA Division also submits
      rutin kepada Direksi terkait perkembangan aktivitas penyusunan            information on q routine basis to the Board of Directors related to
      laporan keuangan konsolidasian serta aktivitas audit.                     the preparation of the consolidated financial statements andaudit
                                                                                activities.




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                                                                                Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                            Tata Kelola Perusahaan                    Laporan Berkelanjutan
     Pembahasan Manajemen
                                            Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




Berikut gambaran aktivitas yang telah dilakukan Divisi CIA              Following are activities conducted by the CIA Division during the
sepanjang tahun 2025.                                                   year 2025:
1.   Melanjutkan koordinasi dengan Komite Audit dan mengikuti           1.   Continued coordination with the Audit Committee and
     rapat Komite Audit bersama auditor eksternal sehubungan                 attended Audit Committee meetings together with external
     dengan komunikasi pekerjaan audit atas laporan keuangan                 auditors in connection with communication related to
     konsolidasian Perusahaan dan Entitas Anak.                              audit work on the consolidated financial statements of the
2. Berkoordinasi dengan Komite Audit dalam melaksanakan                      Company and Subsidiaries.
     proses pemilihan Kantor Akuntan Publik (KAP) dan                   2. Coordinated with the Audit Committee in conducting the
     menyempurnakan kebijakan serta prosedur terkait dengan                  Public Accounting Firm (KAP) selection process and refining
     pemilihan KAP.                                                          the policies and procedures in KAP selection.
3. Mengkaji kebijakan-kebijakan terkait operasional Perusahaan          3. Reviewed policies related to the Company’s operations to
     untuk meningkatkan sistem pengendalian internal.                        improve the internal control system.
4. Mendokumentasikan pertemuan Komite Audit dengan                      4. Documented meetings of the Audit Committee with the
     Manajemen maupun bersama dengan auditor eksternal.                      Management and together with external auditors.
5. Bersama dengan Komite Audit menyusun laporan kinerja                 5. Together with the Audit Committee prepare a report on the
     Kantor Akuntan Publik untuk disampaikan kepada regulator.               performance of the Public Accounting Firm to be submitted
6. Bersama dengan Komite Audit menyusun laporan kerja                        to the regulator.
     tahunan Komite Audit serta agenda Komite Audit untuk               6. Together with the Audit Committee, prepare the annual work
     tahun berikutnya.                                                       report of the Audit Committee as well as the agenda of the
                                                                             Audit Committee for the following year.


RENCANA PENGEMBANGAN CIA                                                DEVELOPMENT PLANS OF THE CIA
Untuk tahun 2026 mendatang, Divisi CIA akan melanjutkan                 For the year 2026, the CIA Division will continue its activities
aktivitas sesuai dengan Piagam Internal Audit dengan tetap              in accordance with the Internal Audit Charter by continuing to
berkoordinasi dengan Komite Audit dalam fungsi pengawasan               coordinate with the Audit Committee in its supervisory function
terkait dengan kajian atas penyelesaian laporan keuangan dan            related to the review of the completion of the financial statements
pengendalian internal. Rencana utama lainnya adalah perencanaan         and internal control. Other major plans include the planning and
dan pelaksanaan aktivitas audit internal dalam lingkup bisnis           implementation of internal audit activities within the scope of
PT Bakrieland Development Tbk, yang meliputi area keuangan,             business of PT Bakrieland Development Tbk, which consists of
proyek, dan pengembangan bisnis.                                        financial, project, and business development areas.


SISTEM PENGENDALIAN INTERNAL                                            INTERNAL CONTROL SYSTEM
Untuk memastikan terselenggaranya pengendalian internal yang            To ensure effective implementation of the internal control, the
efektif, Perseroan telah menetapkan kebijakan mengenai sistem           Company established the policy on the internal control system
pengendalian internal yang disahkan melalui Surat Keputusan             ratified through Decree of the Board of Directors No. 001/SK/
Direksi No. 001/SK/DIR-BLD/I/2011 tentang Pengesahan Pedoman            DIR-BLD/I/2011 on the Ratification of the Internal Control System
Sistem Pengendalian Intern. Kebijakan ini menjadi dasar dalam           Guidelines. This policy serves as the basis for developing the
membangun kerangka pengendalian yang terintegrasi di seluruh            control framework that is integrated into all of the Company’s
aktivitas Perseroan.                                                    activities.


Perseroan menerapkan sistem pengendalian internal sebagai               The Company implements the internal control system as an
suatu proses yang melekat dan berkesinambungan dalam setiap             inherent and continuous process in every operational action and
tindakan dan kegiatan operasional. Sistem ini melibatkan seluruh        activity. This system involves all organizational functions, starting
fungsi organisasi, mulai dari tingkatan tertinggi hingga terendah       from the highest to the lowest level, to provide adequate assurance
untuk memberikan keyakinan memadai atas tercapainya tujuan              regarding the achievement of the Company’s objectives through
Perseroan melalui pelaksanaan kegiatan yang efektif dan efisien,        the implementation of effective and efficient activities, including
antara lain sebagai berikut:                                            the following:
1.   Efektivitas dan efisiensi pencapaian tujuan penyelenggaraan        1.   Effectiveness and efficiency in achieving the implementation
     program dan kegiatan yang dilaksanakan;                                 of programs and activities carried out




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           Kilas Kinerja       Laporan Manajemen        Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      2.    Keandalan pelaporan keuangan dan kinerja;                       2.   Reliability of financial and performance reporting;
      3.    Pengamanan aset perusahaan; dan                                 3.   Security of company assets; and
      4.    Ketaatan terhadap peraturan perundangan-undangan yang           4.   Compliance with applicable laws and regulations.
            berlaku.


      Secara umum, kerangka pengendalian internal yang dijalankan           In general, the internal control framework carried out by the
      Perseroan bertujuan untuk mendukung pencapaian tujuan                 Company is intended to support the achievement of the
      Perseroan, meningkatkan nilai bagi pemangku kepentingan               Company’s objectives, improve the value for stakeholders and
      dan menjamin efektivitas dan efisiensi operasional, keandalan         guarantee operational effectiveness and efficiency, reliability
      pelaporan keuangan, kelayakan pengendalian operasional maupun         of financial reporting and feasibility of operational and financial
      finansial, serta memastikan kepatuhan terhadap hukum dan              control, as well as ensure compliance with applicable laws and
      peraturan yang berlaku.                                               regulations.

      Perseroan mengimplementasikan sistem pengendalian internal            The Company implements an internal control system on all
      pada seluruh aspek operasional dan keuangan. Selain itu, Perseroan    aspects of operation and finance. In addition, the Company
      secara berkelanjutan berupaya meningkatkan ketepatan waktu            continuously strives to improve time accuracy in completing the
      penyelesaian audit laporan keuangan dibandingkan tahun                financial statement audit compared to the previous year, among
      sebelumnya, antara lain melalui optimalisasi pemanfaatan              others, through optimizing the use of digitalization in coordination
      digitalisasi dalam koordinasi dan pertemuan rutin dengan seluruh      and routine meetings with all parties involved. This effort is an
      pihak terkait. Upaya ini merupakan bagian integral dari penguatan     integral part of strengthening GCG implementation consistently
      penerapan GCG secara konsisten di seluruh aktivitas bisnis            in all business activities of the Company.
      Perseroan.


      PENGENDALIAN KEUANGAN DAN OPERASIONAL                                 FINANCIAL AND OPERATIONAL CONTROL
      SERTA KEPATUHAN TERHADAP PERATURAN                                    AND COMPLIANCE WITH THE LAWS AND
      PERUNDANG UNDANGAN                                                    REGULATIONS
      Penerapan Sistem Pengendalian Internal pada lingkup Perseroan         Implementation of the Internal Control System within the scope
      mencakup 2 (dua) aspek, yaitu pengendalian keuangan dan               of the Company covers 2 (two) aspects, namely financial control
      pengendalian operasional. Pengendalian di bidang akuntansi            and operational control. Control in accounting and financial areas
      dan keuangan diwujudkan dengan merancang sistem keuangan              is manifested in designing an integrated financial system by use of
      yang terintegrasi menggunakan software keuangan khusus yang           special accredited financial software to minimize the occurrence
      terakreditasi untuk meminimalisir terjadinya human error sehingga     of human error so that bookkeeping recording is more accurate
      pencatatan pembukuan menjadi lebih akurat dan real time. Selain       and real-time. In addition, the Company also implements policies
      itu, Perseroan juga telah menerapkan kebijakan dan prosedur           and procedures on financial data inspection in stages conducted
      pemeriksaan data keuangan secara berjenjang yang dilakukan            by each officer with different authorities. This is intended to
      oleh masing-masing petugas dengan kewenangan berbeda. Hal ini         prevent the occurrence of misuse of authorities that ends in
      dimaksudkan untuk mencegah terjadinya tindak penyalahgunaan           financial fraud.
      wewenang yang berujung pada fraud keuangan.


      Dalam hal pelaporan keuangan, Perseroan juga selalu menyesuaikan      In financial reporting, the Company also always adapts to the latest
      dengan standar kebijakan akuntansi terbaru, khususnya bagi            accounting policy standards, especially for the property sector, in
      sektor properti, agar dapat dihasilkan pelaporan keuangan yang        order to produce reliable financial reporting. The company also
      andal. Perseroan juga memastikan terselenggaranya aktivitas           ensures the implementation of effective operational activities by
      operasional yang efektif dengan mengevaluasi laporan kinerja          evaluating operational performance reports from each work unit.
      operasional dari masing-masing unit kerja. Evaluasi tersebut          Such evaluation allows the Board of Directors to early identify
      memungkinkan Direksi untuk mengidentifikasi secara dini potensi       potential control weaknesses and financial reporting errors, as
      kelemahan pengendalian, kesalahan pelaporan keuangan, maupun          well as other indications of deviation, so that risk mitigation steps
      indikasi penyimpangan lainnya, sehingga langkah mitigasi risiko       can be quickly taken without disrupting the Company’s target and
      dapat segera dilakukan tanpa mengganggu pencapaian target dan         objective achievement.
      tujuan Perseroan.




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                                                                                   Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                               Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                               Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                           Laporan Tata Kelola Perusahaan
                                                                                                                Report on Corporate Governance




Dalam rangka menjaga kualitas kepatuhan, Perseroan memastikan              In the context of maintaining compliance quality, the Company
seluruh karyawan senantiasa menunjung tinggi praktik terbaik GCG           ensures that all employees always uphold GCG best practices
dalam melaksanakan tugas dan tanggung jawabnya agar senantiasa             in carrying out their duties and responsibilities so that all run
berjalan efisien serta selaras terhadap peraturan perundang-               efficiently and in line with the applicable laws and regulations in
undangan yang berlaku, baik di industri properti maupun regulasi           the property industry as well as capital market regulations. To
pasar modal. Untuk mengantisipasi potensi ketidakpatuhan,                  anticipate potential non-compliance, the Company also plays an
Perseroan juga berperan aktif sebagai anggota dalam berbagai               active role as a member in various relevant industry associations
asosiasi industri yang relevan serta secara rutin mengikuti kegiatan       and regularly takes part in regulation socialization activities
sosialisasi regulasi yang diselenggarakan oleh regulator.                  organized by regulator.


Dengan diterapkannya sistem pengendalian internal yang                     With the implementation of a comprehensive internal control
menyeluruh di seluruh lini bisnis dan jenjang organisasi, Perseroan        system in all lines of business and organization levels, the
meyakini bahwa aset perusahaan dapat terlindungi secara optimal,           Company believes that company assets can be protected
serta laporan keuangan yang dipublikasikan kepada publik dapat             optimally and financial statements published to the public can be
disajikan secara akurat, tepat waktu, dan andal.                           presented accurately, on time, and reliable.


TINJAUAN EFEKTIVITAS SISTEM PENGENDALIAN                                   REVIEW OF THE EFFECTIVENESS                             OF    THE
INTERNAL                                                                   INTERNAL CONTROL SYSTEM
Evaluasi atas kecukupan dan efektivitas sistem pengendalian                Review of the adequacy and effectiveness of the Company’s
internal Perseroan dilakukan secara berkala oleh unit kerja internal       internal control system is conducted by an internal work unit
yang ditunjuk oleh Direksi. Selain itu, evaluasi juga dapat dilakukan      appointed by the Board of Directors. In addition, evaluation is
oleh pihak independen, termasuk Kantor Akuntan Publik (KAP),               also carried out by an independent party, including the Public
sesuai dengan ketentuan yang berlaku.                                      Accounting Firm (KAP), in line with applicable provisions.


Divisi CIA menilai sistem pengendalian internal Bakrieland selama          The CIA Division views the Bakrieland’s internal control system
tahun 2025 telah cukup efektif, yang tercermin dari kesadaran              during the year 2025 assufficiently effective, as reflected inthe
yang memadai pada setiap fungsi kerja dalam menjalankan dan                sufficient awareness of each work function in carrying out and
meninjau kebijakan serta prosedur operasional dalam aktivitas              reviewing the policies as well as operational procedures in the
bisnis Perseroan. Melalui penerapan program Risk Champion di               Company’s business activities. Through the implementation
seluruh unit usaha Bakrieland, Perseroan mendorong peningkatan             of the Risk Champion program in all Bakrieland’s business units,
kesadaran dan kepemilikan risiko di seluruh lini organisasi. Program       the Company encourages the improvement of awareness and
ini memastikan bahwa pertimbangan risiko telah terintegrasi                ownership of risks in all lines of the organization. This program
dalam pelaksanaan proses bisnis, tidak hanya pada tingkat holding,         ensures that risk consideration is integrated in the implementation
tetapi juga di seluruh entitas dan unit operasional Perseroan. Selain      of business processes, not only at the holding level but also in all
itu, Divisi CIA juga tidak menemukan adanya pelanggaran atau               entities and operational units of the Company. Aside from that,
penyimpangan yang mengarah pada tindakan kecurangan baik                   the CIA Division also did not find violations or deviations that
dalam hal pengelolaan keuangan maupun operasional Perseroan.               lead to fraudulent acts in terms of the Company’s financial and
                                                                           operational management.


PERNYATAAN DIREKSI DAN DEWAN KOMISARIS                                     STATEMENT OF THE BOARD OF DIRECTORS
ATAS KECUKUPAN SISTEM PENGENDALIAN                                         AND THE BOARD OF COMMISSIONERS ON THE
INTERNAL                                                                   ADEQUACY OF THE INTERNAL CONTROL SYSTEM
Direksi berpendapat bahwa secara keseluruhan Perseroan sudah               The Board of Directors views that overall the Company has
memiliki lingkungan pengendalian yang kokoh sebagai landasan               already retained a firm control environment as the foundation
untuk menjalankan sistem pengendalian internal yang efektif. Seluruh       to carry out an effective internal control system. All elements
elemen Perseroan telah menunjukkan komitmen dan kesadaran                  of the Company have shown high commitment and awareness
tinggi untuk selalu menerapkan sistem pengendalian internal yang           to always implement an internal control system that is relevant
relevan dengan tugas dan tanggung jawab masing masing.                     totheir respective duties and responsibilities.




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          Kilas Kinerja         Laporan Manajemen         Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights      Management Report          Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Atas penilaian yang menyeluruh selama 2025, Direksi bersama              From a comprehensive assessment throughout the year 2025, the
      Dewan Komisaris dan Komite Audit menyatakan bahwa sistem                 Board of Directors, together with the Board of Commissioners and
      pengendalian internal Perseroan telah berjalan secara efektif dan        the Audit Committee, stated that the Company’s internal control
      memadai dalam mengendalikan aspek keuangan dan operasional.              system has been running effectively and adequately in controlling
      Sistem tersebut dinilai mampu mendukung pencapaian tujuan                financial and operational aspects. The system is seen as capable
      bisnis Perseroan tanpa mengorbankan kinerja keuangan, kepatuhan,         of supporting the achievement of the Company’s business goals
      maupun reputasi. Selain itu, Perseroan telah menyediakan berbagai        without sacrificing performance in finance, compliance, and even
      perangkat dan mekanisme untuk mengantisipasi serta mengelola             reputation. Aside from that, the Company has provided various
      risiko dengan mempertimbangkan dinamika strategi bisnis, faktor          devices and mechanisms to anticipate as well as manage risks by
      eksternal, dan perkembangan ketentuan regulator.                         taking into account the dynamics of business strategy, external
                                                                               factors, and development in regulators’ provisions.


      SISTEM MANAJEMEN RISIKO                                                  RISK MANAGEMENT SYSTEM
      Dalam menjalankan kegiatan usaha sebagai pengembang properti             In carrying out business activities as a property and area developer,
      dan kawasan, Perseroan menyadari bahwa berbagai jenis risiko             the Company realizes that various types of risk are an integral part
      merupakan bagian yang tidak terpisahkan dari aktivitas operasional       of daily operational activities. Such risks include business, social,
      sehari-hari. Risiko tersebut mencakup aspek bisnis, sosial, dan          and environmental aspects that can directly affect business. To
      lingkungan hidup yang dapat mempengaruhi keberlangsungan                 manage potential impact that may arise, the Company proactively
      usaha. Untuk mengelola potensi dampak yang timbul, Perseroan             conducts identification, analysis, and evaluation of risks, as well
      secara proaktif melakukan identifikasi, analisis, dan evaluasi risiko,   as applies an integrated and effective risk management policy as
      serta menerapkan kebijakan manajemen risiko yang terintegrasi            part of decision-making and business management.
      dan efektif sebagai bagian dari pengambilan keputusan dan
      pengelolaan usaha.


      Pengelolaan risiko Perseroan, termasuk hingga tingkat Entitas            Management of the Company’s risks, including those at the
      Anak, dilaksanakan oleh fungsi Corporate Risk Management                 Subsidiary level, is carried out by the Corporate Risk Management
      and Compliance (RMC). Fungsi ini secara berkala melakukan                and Compliance (RMC) function. This function periodically
      koordinasi dengan unit-unit usaha untuk membahas profil risiko,          coordinates with business units to discuss risk profile, control
      efektivitas pengendalian, serta tingkat kepatuhan di lingkungan          effectiveness, and level of compliance within the Company’s
      Perseroan. Selain berperan sebagai fasilitator dan penasihat dalam       environment. Aside from the role as a facilitator and advisor in
      pengelolaan risiko, RMC juga menjalankan fungsi pemantauan               risk management, RMC also carries out the function of monitoring
      penerapan GCG, serta berperan sebagai penyusun dan penelaah              GCG implementation, as well as the role of preparing and
      kebijakan.                                                               reviewing policies.


      Dalam kerangka penerapan sistem manajemen risiko, RMC                    In the effort to implement a risk management system, RMC serves
      berperan sebagai second line of defense. RMC bertanggung                 as the second line of defense. RMC is responsible for developing
      jawab untuk mengembangkan dan memantau penerapan sistem                  and monitoring the implementation of comprehensive and
      manajemen risiko secara menyeluruh dan berkesinambungan,                 sustainable risk management, supervising the execution of main
      melakukan pengawasan atas pelaksanaan fungsi-fungsi bisnis               business functions so as to align with established risk management
      utama agar selaras dengan kebijakan dan prosedur manajemen               policies and procedures, as well as monitoring, evaluating, and
      risiko yang telah ditetapkan, serta melakukan pemantauan,                reporting the overall company’s risks to the highest organ in the
      evaluasi, dan pelaporan atas risiko perusahaan secara menyeluruh         Company.
      kepada organ tertinggi Perseroan.


      Sebagai bagian dari penguatan budaya manajemen risiko, pada              As part of strengthening risk management culture, by the end
      akhir tahun 2024 Perseroan menginisiasi Program Risk Champion            of the year 2024, the Company initiated the Risk Champion Risk
      di unit-unit usaha. Program ini merupakan wujud implementasi             Program in business units. This program is a manifestation of
      manajemen risiko di tingkat operasional dan berperan sebagai             risk management implementation at the operational level and
      penghubung antara kebijakan risiko Perseroan dengan pelaksanaan          plays the role as the link between the Company’s risk policies
      kegiatan bisnis sehari-hari. Melalui keberlanjutan Program Risk          and the implementation of daily business activities. Through




216       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                   www.bakrieland.com
Page 219
                                                                                   Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                                Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                              Sustainable Report




                                                                                            Laporan Tata Kelola Perusahaan
                                                                                                                 Report on Corporate Governance




Champion, Perseroan berharap dapat meningkatkan efektivitas                 the continuous Risk Champion Program, the Company hopes
pengelolaan risiko, mendorong pengambilan keputusan yang lebih              to improve the effectiveness of risk management, encourages
terukur, serta mendukung peningkatan efisiensi dan efektivitas              more measurable decision-making, and support the increase
pencapaian kinerja usaha dalam jangka panjang.                              in efficiency and effectiveness of business performance
                                                                            achievement in the long run.


Sepanjang tahun 2025, sejumlah kebijakan telah ditinjau serta               Throughout the year 2025, a number of policies were reviewed and
disesuaikan dengan praktik bisnis terbaik. Inisiatif ini dilakukan          adjusted to business best practices. This initiative was done by
dengan berfokus pada kebijakan-kebijakan yang terkait dengan                focusing on policies related to approval in financial transactions,
persetujuan transaksi keuangan, pembayaran kepada pihak                     payments to internal/external parties, procurement of goods
internal/eksternal, pengadaan barang dan/atau jasa di Entitas               and/or services in Subsidiaries, employee business travel, and
Anak, perjalanan dinas karyawan, dan ketentuan pembelian dan                provisions on purchase and use of Company business products
penggunaan produk bisnis Perseroan untuk karyawan internal.                 for internal employees.


JENIS RISIKO DAN PENGELOLAANNYA                                             TYPES AND MANAGEMENT OF RISKS
Setelah melalui tahapan manajemen risiko yang dilaksanakan                  Following the comprehensive implementation of the risk
secara menyeluruh dan melibatkan berbagai fungsi serta unit                 management stage that involved various functions and business
usaha sebagai risk owner, RMC melakukan identifikasi atas                   units as the risk owners, RMC conducted identification of business
aktivitas usaha yang memiliki tingkat risiko ESG yang relatif tinggi,       activities with relatively high ESG risk levels, as well as other
serta risiko operasional lain yang berpotensi berdampak terhadap            operational risks that potentially impact the Company’s business
keberlanjutan bisnis Perseroan. Proses identifikasi ini menjadi             sustainability. This identification process becomes the basis for
dasar bagi Perseroan dalam menetapkan prioritas pengelolaan                 the Company to set risk management priorities and design the
risiko dan merancang langkah mitigasi yang tepat, antara lain               right mitigation steps, among others, as follows:
sebagai berikut.

 Risiko Keuangan
 Financial Risk
      Jenis Risiko                                Deskripsi                                                    Langkah Mitigasi
      Type of Risk                               Description                                                    Mitigation Step
 Risiko Mata Uang            Risiko ini berpotensi memberikan dampak kerugian          Perseroan memberlakukan kebijakan hedging,
 Currency Risk               pada saat terjadinya apresiasi atau depresiasi mata       yaitu lindung nilai untuk pinjaman dalam mata uang
                             uang asing yang disebabkan oleh adanya posisi             nonrupiah. Dalam kegiatan operasional, Perseroan
                             transaksi yang masih terbuka. Kinerja keuangan            juga mengutamakan penggunaan material bangunan
                             Perseroan dapat dipengaruhi oleh perubahan kurs,          produksi dalam negeri.
                             mengingat beberapa komponen dalam konstruksi              The Company put in force the hedging policy, namely
                             bangunan diimpor dari luar negeri.                        hedging the value for loans in non-rupiah currency. In
                             This risk can potentially impact loss at the time of      operational activities, the Company also prioritizes
                             foreign currency appreciation and depreciation            the use of locallyproduced building materials.
                             occurrence caused by the presence of open
                             transaction positions.     The Company’s financial
                             performance may be affected by the change in
                             exchange rate, considering several components used
                             in building construction are imported.




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         Kilas Kinerja         Laporan Manajemen         Profil Perusahaan             Unit Pendukung Bisnis
      Performance Highlights    Management Report          Company Profile                 Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




            Jenis Risiko                              Deskripsi                                                    Langkah Mitigasi
            Type of Risk                             Description                                                    Mitigation Step
      Risiko Suku Bunga        Risiko ini berpotensi timbul akibat fluktuasi tingkat        Perseroan memberlakukan metode pembayaran
      Interest Risk            suku bunga pinjaman yang dilakukan oleh kreditur.            bertahap dengan jangka waktu yang lebih panjang
                               Risiko ini akan sangat berdampak pada besarnya               ataupun pinjaman dengan bunga tetap.
                               pembiayaan yang diperlukan oleh unit usaha, karena           The Company applies the installment payment
                               biaya yang dikeluarkan akan meningkat, sehingga              method with longer terms or loans with fixed interest
                               mempengaruhi kegiatan operasional dan kinerja                rates.
                               keuangan Perseroan.
                               This risk can potentially arise due to the fluctuation in
                               loan interest rates conducted by creditors. This risk
                               can severely impact the amount of financing required
                               by the business units, as costs incurred will increase,
                               thus affecting the operational activities and financial
                               performance of the Company.
      Risiko Kredit            Risiko kredit yang merupakan risiko kerugian                 Perseroan bersikap selektif dalam memberikan kredit
      Credit Risk              sehubungan dengan pihak peminjam tidak dapat                 dengan sistem penjualan tunai bertahap kepada
                               dan/atau tidak mau memenuhi kewajiban untuk                  konsumen. Hal itu dimulai dari strategi penetapan
                               membayar kembali dana yang dipinjamnya secara                uang muka, pemilihan segmen pasar hingga
                               penuh pada saat jatuh tempo.                                 pemenuhan persyaratan persyaratannya.
                               Credit risk is the risk of loss related to the               The Company is selective in providing credit by cash
                               borrower’sinability to fully repay the borrowed funds        sales installment system to consumers. This started
                               by the due date.                                             from the strategy of setting a downpayment and
                                                                                            selecting the market segment up to fulfilling the
                                                                                            requirements.



      Risiko Pasar
      Market Risk
            Jenis Resiko                              Deskripsi                                                    Langkah Mitigasi
            Type of Risk                             Description                                                    Mitigation Step
       Risiko Pasar            Pangsa pasar yang cukup besar dan tumbuh secara              Perseroan senantiasa berupaya mengeluarkan produk
       Market Risk             signifikan menjadi daya tarik bagi banyak pihak              yang inovatif sehingga dapat memenuhi kebutuhan
                               untuk terlibat ke dalam industri yang sama dengan            pasar dan memfokuskan pengembangan pada
                               Unit Usaha. Situasi ini berpotensi meningkatkan              proyek-proyek yang telah memiliki kinerja yang telah
                               persaingan usaha dan menciptakan kelebihan                   terukur selama ini.
                               pasokan di pasar yang dapat menurunkan penjualan             The Company always strives to produce products
                               produk dan berkurangnya permintaan terhadap                  that are innovative so as to fulfill market needs and
                               produk Perseroan.                                            focus development on projects that have shown
                               A sufficiently vast and significantly growing market         measurable performance thus far.
                               share became attractive to many parties to get
                               involved in the same industry as the Business Unit.
                               This situation can potentially heighten business
                               competition and create excess supply in the market
                               that can reduce product sales and cut demand for the
                               Company’s products.




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Page 221
                                                                                     Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                  Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                                  Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                Sustainable Report




                                                                                              Laporan Tata Kelola Perusahaan
                                                                                                                   Report on Corporate Governance




     Jenis Resiko                                   Deskripsi                                                    Langkah Mitigasi
     Type of Risk                                  Description                                                    Mitigation Step
 Risiko Kinerja Unit  Sebagai Induk Perusahaan, penghasilan dan laba                      Perseroan secara aktif melakukan pemantauan
 Unit     Performance operasi Perseroan merupakan kontribusi dari kinerja                 terhadap Unit Usaha, seperti memberlakukan
 Risk                 unit usaha. Faktor-faktor yang dapat berdampak                      peraturan seleksi ketat terhadap seluruh kontraktor
                      negatif terhadap kinerja keuangan Unit Usaha                        dan pemasok, menerapkan sistem usaha yang
                      berpotensi    menurunkan        tingkat   penghasilan               baik untuk mengurangi risiko bisnis, sekaligus
                      Perseroan.                                                          memperbaharui       informasi   dan    memperkuat
                      As a Holding Company, the Company’s revenue and                     akuntabilitas untuk pengambilan keputusan bisnis di
                      operating profit are contributions from business units’             lingkungan Unit Usaha.
                      performance. Factors that can negatively impact the                 The Company actively monitors the Business Units,
                      Business Units’ financial performance can potentially               such as by enforcing the tight selective regulation
                      reduce the Company’s income level.                                  on contractors and suppliers, implementing a good
                                                                                          business system to reduce business risk, while at the
                                                                                          same time updating information and strengthening
                                                                                          accountability for business decision-making within
                                                                                          the Business Units.
 Risiko Usaha                Perseroan      merupakan        perusahaan       properti    Dalam memulai pengembangan usahanya Perseroan
 Business Risk               terintegrasi yang mempunyai lini bisnis yang beragam         menerapkan proses evaluasi yang saksama dan
                             dalam bidang landed residential, kondominium,                melakukan uji tuntas dengan penetapan Internal Rate
                             perkantoran, perhotelan, hiburan dan rekreasi serta          of Return (IRR) yang sangat ketat.
                             pusat perbelanjaan. Faktor keberagaman usaha                 In starting its business development, the Company
                             tersebut menimbulkan dampak pada meningkatnya                implements a thorough evaluation process and
                             risiko usaha.                                                conducts due diligence by setting a very tight Internal
                             The Company is an integrated property company                Rate of Return (IRR).
                             with a variety of lines of business in landed residential,
                             condominium, office, hotel, entertainment and
                             recreation, as well as shopping centres. This diversity
                             factor of the business causes an impact on increasing
                             the business risk.
 Risiko Sistem dan Risiko      ini   timbul   sebagai    akibat   adanya                  Perseroan meminimalisasi potensi masalah ini dengan
 Teknologi           ketidakseragaman sistem dan teknologi dalam                          menetapkan bahwa Unit Usaha tetap mengacu pada
 System          and operasional Perseroan. Kompleksitas sistem yang                      kebijakan penetapan sistem dan teknologi sesuai
 Technology Risk     belum terintegrasi penuh antara Perseroan dan Unit                   yang diacu oleh Perseroan.
                     Usaha dapat mempengaruhi sinergitas satu bisnis                      The Company minimizes this potential problem by
                     dengan yang lainnya.                                                 setting Business Units continue to adhere to policies
                     This risk arises as a result ofthe non-uniformity of                 for establishing systems and technology as referred
                     systems and technology in the Company’s operations.                  to by the Company.
                     The system’s complexity which has not been fully
                     integrated between the Company and Business
                     Units, can affect the synergy of one business with
                     the others.




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         Kilas Kinerja         Laporan Manajemen         Profil Perusahaan             Unit Pendukung Bisnis
      Performance Highlights    Management Report          Company Profile                 Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Risiko Sumber Daya Manusia (SDM)
      Human Resource (HR) Risk
           Jenis Resiko                               Deskripsi                                                    Langkah Mitigasi
           Type of Risk                              Description                                                    Mitigation Step
      Risiko Sumber Daya       Risiko SDM berkaitan dengan penyimpangan hasil dari          Perseroan senantiasa menempatkan SDM sebagai
      Manusia (SDM)            tingkat produktivitas yang diharapkan, karena adanya         aset utama dalam mencapai tujuan Perseroan. Oleh
      Human      Resource      variabel yang mempengaruhi produktivitas kerja.              karena itu, Perseroan mengadakan penilaian karyawan
      (HR) Risk                Sebagai perusahaan yang mengelola jumlah tenaga              berbasis dua arah antara atasan dan bawahan dan
                               kerja dengan beragam latar belakang, Perseroan               memberikan remunerasi yang kompetitif dengan
                               memiliki risiko yang berpotensi timbul akibat kinerja        perusahaan lain dalam industri yang sejenis untuk
                               SDM dan proses pengelolaan yang tidak maksimal.              menjaga rendahnya tingkat pergantian karyawan.
                               HR risk is related to deviation as a result of the           The Company always places HR as the main asset
                               expected productivity level due to the presence of           to achieving Company goals. For this purpose, the
                               variables that affect work productivity. As a company        Company carries out the two-way-based employee
                               that manages a workforce with diverse backgrounds,           assessment between supervisor and subordinate, and
                               the Company has risks that may potentially arise             provides remuneration that is competitive withother
                               as a result ofHR performance and not maximized               companies in the similar industry in order to maintain
                               management processes.                                        a low employee turnover rate.



      Risiko Eksternal
      External Risk
           Jenis Resiko                               Deskripsi                                                    Langkah Mitigasi
           Type of Risk                              Description                                                    Mitigation Step
      Risiko Lingkungan,       Risiko yang timbul dalam pengembangan properti               Perseroan     senantiasa      berusaha      memenuhi
      Sosial dan Politik       dapat terdiri dari berbagai jenis, di antaranya peraturan    ekspektasi seluruh pemangku kepentingan sebelum
      Environmental, Social    pemerintah tentang pembatasan pemilikan properti             memulai suatu proyek. Hal ini dilakukan melalui
      and Political Risk       oleh warga negara asing, aturan perpajakan, bencana          implementasi standar- standar terbaik dan terencana,
                               alam, kejahatan dan terorisme yang seluruhnya                perkiraan atas potensi terjadinya force majeure
                               berada di luar kendali Perseroan.                            dengan mengasuransikan seluruh proyek, serta
                               Risk that arises in property development may consist         memperhatikan faktor lingkungan sehingga terjadi
                               of three types, including government regulations             keseimbangan antara pembangunan dan kelestarian
                               on restrictions of property ownership by foreign             lingkungan.
                               nationals, tax regulations, natural disasters, crime, and    The Company always strives to fulfill the expectations
                               terrorism, all of which are beyond the control of the        of all stakeholders before starting a project. This
                               Company.                                                     is done through the implementation of the best
                                                                                            and planned standards, estimation of potential
                                                                                            forcemajeure by insuring the entire project, as well
                                                                                            as paying attention to environmental factors so
                                                                                            that there is balance between development and
                                                                                            environmental sustainability.




220      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                       www.bakrieland.com
Page 223
                                                                                    Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                                 Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                                 Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                               Sustainable Report




                                                                                             Laporan Tata Kelola Perusahaan
                                                                                                                  Report on Corporate Governance




     Jenis Resiko                                  Deskripsi                                                    Langkah Mitigasi
     Type of Risk                                 Description                                                    Mitigation Step
 Risiko Hukum                Dalam hubungan bisnis dengan pihak ketiga, terdapat        Perseroan secara seksama mematuhi peraturan
 Legal Risk                  potensi timbulnya sengketa atau perkara hukum.             yang berlaku dan memastikan bahwa proyek telah
                             Hal ini dapat mempengaruhi reputasi Perseroan,             memenuhi ketentuan hukum. Risiko tuntutan
                             kegiatan usaha dan pencapaian target laba Perseroan.       hukum masyarakat terhadap dampak lingkungan
                             Selanjutnya, adanya perubahan kebijakan hukum yang         dapat diminimalisir melalui pemenuhan persyaratan
                             ditetapkan oleh regulator yang harus dipatuhi oleh         pemerintah, terutama yang berkaitan dengan
                             objek hukum, juga dapat memberikan risiko hukum            penanganan dampak lingkungan.
                             bagi Perseroan.                                            The Company carefully complies with applicable
                             In business relationships with third parties, there        regulations and ensures that projects have fulfilled
                             is potential space for disputes or legal cases to          all legal provisions. The risk of lawsuits from the
                             arise. This can affect the Company’s reputation,           community regarding environmental impact can be
                             business activities, and profit target achievement.        minimized through compliance with government
                             Subsequently, there is a change in legal policies          requirements, especially concerning the handling of
                             setforth by the regulator that must be complied with       environmental impact.
                             by legal objects and can also provide legal risks for
                             the Company.
 Risiko Reputasi             Risiko reputasi merupakan potensi hilang atau              Dalam memulai pengembangan usahanya Perseroan
 Reputation Risk             melemahnya nama baik Perseroan. Hal itu mungkin            menerapkan proses evaluasi yang saksama dan
                             terjadi akibat adanya publikasi negatif atau rendahnya     melakukan uji tuntas dengan penetapan IRR yang
                             penerimaan lingkungan eksternal.                           sangat ketat.
                             Reputation risk is a potential loss or weakening of the    In starting its property development, the Company
                             Company’s good name. This can possibly occur due           implements a thorough evaluation process and due
                             to negative publication or the low level of acceptance     diligence by setting a very tight IRR.
                             by the external environment.

PELAKSANAAN TUGAS RMC                                                        IMPLEMENTATION OF DUTIES OF RMC
Sepanjang tahun 2025, pelaksanaan tugas dan kegiatan RMC                     Throughout the year 2025, RMC carried out its duties and
berfokus pada hal-hal berikut ini:                                           activities that focused on such matters as follows:
1.  Melanjutkan pelaksanaan pertemuan/rapat koordinasi                       1.   Continued to hold coordinating meetings with other work
    dengan fungsi kerja lain terutama terkait dengan penyelesaian                 functions, especially related to the completion of the
    laporan keuangan;                                                             financial statements;
2. Melakukan pengkinian sebagaimana diperlukan atas                          2. Performed updates as necessary on policies, applicable
    kebijakan, sistem dan prosedur yang berlaku di seluruh fungsi                 systems, and procedures in all work functions, both at the
    kerja, baik atas inisiatif Divisi RMC maupun atas permintaan                  initiative of RMC and at the request of other Directorates/
    Direktorat/Divisi lain;                                                       Divisions;
3. Melakukan pengkinian sebagaimana diperlukan atas                          3. Performed updates as necessary on policies, systems, and
    kebijakan, sistem dan prosedur terkait dengan rangkaian                       procedures related to a series of activities in preparing the
    aktivitas penyusunan laporan keuangan konsolidasian;                          consolidated financial statements;
4. Melakukan pengkinian sebagaimana diperlukan atas                          4. Performed updates as necessary on the Standard Operating
    Standard Operating Procedures seluruh Direktorat, Divisi,                     Procedures in all Directorates, Divisions, and Departments
    dan Departemen disesuaikan dengan persyaratan dalam                           as adjusted to the requirements in the latest quality
    standar manajemen mutu terbaru;                                               management standards;
5. Melanjutkan monitoring berkala atas sistem dan prosedur                   5. Continued periodic monitoring of the systems and procedures
    terkait proses operasional di area Kesehatan dan Keselamatan                  related to operational processes in the Occupational Health
    Kerja (K3) sebagai Pilar Keberlanjutan Bisnis Bakrieland, serta               and Safety (OHS) area as Bakrieland Business Sustainability
    melaporkan hasil evaluasinya kepada manajemen;                                Pillar, as well as reporting on evaluation results to the
                                                                                  management;




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           Kilas Kinerja        Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
       Performance Highlights    Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      6.    Melaksanakan fungsi review atas transaksi dan dokumen yang      6.   Carried out review function on transactions and documents
            membutuhkan persetujuan Direksi dan Komisaris, dalam hal             that require the approval of the Board of Directors and the
            perikatan dengan pihak ketiga maupun penyampaian laporan             Board of Commissioners, in the context of association with
            kepada pihak regulator;                                              third parties and in submitting reports to regulators;
      7.    Mengembangkan program Risk Champion di Entitas Anak             7.   Developed the Risk Champion program in the Company’s
            Perusahaan, sebagai upaya untuk menerapkan proses dan                Subsidiaries, as an effort to implement an effective risk
            struktur manajemen risiko yang efektif.                              management process and structure.


      TINJAUAN   ATAS                  EFEKTIVITAS             SISTEM       REVIEW ON THE EFFECTIVENESS OF THE RISK
      MANAJEMEN RISIKO                                                      MANAGEMENT SYSTEM
      Perseroan menerapkan sistem manajemen risiko yang terstruktur,        The Company implements the risk management system that is
      terpusat, dan terukur guna memastikan risiko dapat diidentifikasi,    structured, centralized, and measurable in order to ensure that
      dinilai, dan dikelola secara efektif. Dalam implementasinya,          risks can be identified, evaluated, and managed effectively. In its
      Perseroan secara berkelanjutan melakukan pengawasan dan               implementation, the Company continuously performs monitoring
      penyempurnaan agar sistem manajemen risiko dapat berjalan             and improvements so that the risk management system can run
      secara optimal, dengan tetap menerapkan pendekatan                    optimally by continually implementing decentralization approach
      desentralisasi pada tingkat unit usaha.                               at the business unit level.


      Analisis risiko atas aktivitas usaha dilakukan melalui tahapan yang   Risk analysis on business activities is carried out through
      sistematis, dimulai dari penetapan tujuan aktivitas, identifikasi     systematic stages, starting from establishing the objectives of
      potensi kejadian yang dapat menghambat pencapaian tujuan              the activities, identifying potential incidents that may hinder the
      tersebut, penilaian kemungkinan terjadinya risiko dan dampaknya,      achievement of concerned objectives, assessingthe possibility of
      serta penetapan langkah pengendalian untuk memitigasi risiko.         risk occurrences and their impact, as well as establishing control
      Selanjutnya, risiko dinilai dan dipetakan berdasarkan tingkat         steps to mitigate the risks. Subsequently, risks are evaluated
      risikonya sebagai dasar pengambilan keputusan manajemen.              and mapped based on the level of the risks as a basis for the
                                                                            management to make decisions.


      Salah satu mekanisme utama dalam melakukan pemantauan                 One of the main mechanisms in monitoring the effectiveness
      atas efektivitas manajemen risiko adalah melalui forum Business       of risk management is through Business Review forums. In
      Review. Pada tahun 2025, forum Business Review diselenggarakan        the year 2025, Business Review forums are held monthly and
      secara bulanan dan dihadiri oleh Direksi serta perwakilan Unit        attended by the Board of Directors as well as representatives of
      Usaha. Forum ini membahas kinerja keuangan dan operasional,           the Business Units. This forum discusses financial and operational
      serta berbagai isu strategis yang berkaitan dengan pengembangan       performance as well as various strategic issues concerning
      bisnis, operasional, penjualan, sumber daya manusia, dan              business development, operations, sales, human resources and
      keuangan. Melalui forum ini, manajemen dapat mengevaluasi             finance. Through this forum, the management can evaluate
      dinamika risiko yang dihadapi serta merumuskan langkah tindak         risk dynamics they are faced with and formulate the necessary
      lanjut yang diperlukan.                                               follow-up steps.


      Penerapan sistem manajemen risiko dimanfaatkan sebagai                Implementation of the risk management system is used as one
      salah satu instrumen utama Perseroan dalam menjaga                    of the Company’s main instruments in maintaining business
      kesinambungan usaha. Sejalan dengan hal tersebut, Perseroan           continuity. In line with this, the Company continuously strives
      secara berkelanjutan berupaya meminimalkan risiko-risiko yang         to minimize risks that can potentially affect business continuity,
      berpotensi mempengaruhi keberlangsungan bisnis, termasuk              including risks related to fulfilling the needs and protection of
      risiko yang berkaitan dengan pemenuhan kebutuhan dan                  consumers. For this reason, the Company periodically reviews
      perlindungan konsumen. Untuk itu, Perseroan secara berkala            Consumer Protection practices within the Business Units’
      melakukan peninjauan atas praktik Perlindungan Konsumen di            environment in order to ensure service quality as well as that the
      lingkungan Unit Usaha guna memastikan kualitas layanan serta          trust of stakeholders can be maintained.
      kepercayaan pemangku kepentingan tetap terjaga.




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                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                         Laporan Tata Kelola Perusahaan
                                                                                                              Report on Corporate Governance




PERNYATAAN DIREKSI DAN DEWAN KOMISARIS                                   STATEMENT OF THE BOARD OF DIRECTORS
ATAS KECUKUPAN SISTEM MANAJEMEN RISIKO                                   AND THE BOARD OF COMMISSIONERS ON THE
                                                                         ADEQUACY OF THE RISK MANAGEMENT SYSTEM
Sepanjang tahun 2025, Direksi melakukan evaluasi secara                  Throughout the year 2025, the Board of Directors conducted
menyeluruh atas efektivitas penerapan sistem manajemen risiko            comprehensive evaluations on the effectiveness of the
Perseroan. Evaluasi tersebut dilakukan melalui penelaahan berkala        Company’s risk management system implementation. This
terhadap kebijakan dan prosedur manajemen risiko yang berlaku,           evaluation was carried out through periodic analysis on applicable
serta analisis atas laporan eksposur risiko dan penilaian profil         risk management policies and procedures, as well as analysis on
risiko yang disusun dan disampaikan oleh RMC. Di sisi lain, Dewan        reports of risk exposure and risk profile assessment prepared
Komisaris menjalankan fungsi pengawasan dengan melakukan                 and submitted by RMC. On the other hand, the Board of
pemantauan dan evaluasi atas pelaksanaan sistem manajemen                Commissioners carried out its supervisory function by monitoring
risiko yang dijalankan oleh Direksi.                                     and evaluating the risk management system implemented by the
                                                                         Board of Directors.


Berdasarkan hasil evaluasi tersebut, Direksi bersama Dewan               Based on theseassessments, the Board of Directors, together with
Komisaris menyatakan bahwa sistem manajemen risiko yang                  the Board of Commissioners, stated that the risk management
diterapkan di lingkungan Perseroan telah berjalan secara efektif         system applied within the Company has been running effectively
dan memadai dalam mengendalikan berbagai risiko yang                     and adequately in controlling various risks faced. This optimal
dihadapi. Penerapan pengelolaan risiko yang optimal tersebut             implementation of risk management allowed the Company to
memungkinkan Perseroan untuk tetap menjalankan proses                    continue to carry out the process of achieving business goals
pencapaian tujuan bisnis secara berkesinambungan, tanpa                  sustainably, without sacrificing financial performance, compliance
mengorbankan kinerja keuangan, tingkat kepatuhan, maupun                 level, or the Company’s reputation.
reputasi Perseroan.


RENCANA PENGEMBANGAN DIVISI RMC TAHUN                                    DEVELOPMENT PLANS OF THE RMC DIVISION IN
2026                                                                     2026
Pada tahun 2026, Divisi RMC akan melanjutkan upaya penguatan             In 2026, the RMC Division will continue its efforts to strengthen
integrasi manajemen risiko ke dalam seluruh sistem dan prosedur          the integration of risk management into the entire work systems
kerja di lingkungan Perseroan. Integrasi ini ditujukan untuk             and procedures in the Company. This integration is intended
memastikan bahwa pertimbangan risiko menjadi bagian yang                 to ensure that consideration of risks is an inherent part of each
melekat dalam setiap proses bisnis dan pengambilan keputusan,            business and decision-making process so that risk management
sehingga manajemen risiko tidak hanya dipahami sebagai fungsi            is not only understood as a supervisory function but also develops
pengawasan, tetapi berkembang menjadi budaya kerja yang                  into a work culture applied consistently in all organizational
diterapkan secara konsisten di seluruh fungsi organisasi.                functions.


Sejalan dengan upaya tersebut, RMC akan terus bersinergi dengan          In line with this effort, RMC will continue to synergize with all
seluruh organ Perseroan, termasuk seluruh divisi dan unit usaha,         Company organs, including all divisions and business units,
dalam meningkatkan tingkat kesadaran dan pemahaman atas                  to increase the level of awareness and understanding of
penerapan sistem manajemen risiko. Sinergi ini diharapkan dapat          implementing the risk management system. This synergy is
memperkuat peran masing-masing fungsi sebagai risk owner,                hoped to strengthen the role of each function as a risk owner,
meningkatkan kualitas mitigasi risiko secara dini, serta mendukung       improving the quality of early risk mitigation, as well as supporting
pencapaian tujuan usaha Perseroan secara berkelanjutan dalam             continuous achievement of Company business goals in facing
menghadapi dinamika dan tantangan bisnis ke depan.                       business dynamics and challenges ahead.




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         Kilas Kinerja         Laporan Manajemen        Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      SURAT   PERNYATAAN   DIREKSI  TENTANG                                  STATEMENT LETTER OF THE BOARD OF DIRECTORS
      TANGGUNG JAWAB ATAS PENGENDALIAN                                       ON THE RESPONSIBILITY OF INTERNAL CONTROL
      INTERNAL DAN MANAJEMEN RISIKO                                          AND RISK MANAGEMENT

      Yang bertanda tangan dibawah ini :                                     The undersigned below:


      Saya, Resza Adikreshna, dalam hal ini bertindak dalam                  I, Resza Adikreshna, in this respect, act in my position as President
      kedudukannya selaku Presiden Direktur dari dan oleh karenanya          Director of and on behalf of the Board of Directors of PT Bakrieland
      sah dan berwenang bertindak untuk dan atas nama Direksi PT             Development Tbk (“Company”), a Limited Liability Company
      Bakrieland Development Tbk (“Perseroan”), suatu Perseroan              domiciled in Jakarta, Wisma Bakrie 1 6th Floor, Jalan HR Rasuna
      Terbatas yang berkedudukan di Jakarta, Wisma Bakrie 1 Lantai 6,        Said Ka. B-1, South Jakarta, hereinafter referred to as “The Person
      Jalan HR. Rasuna Said Kav. B- 1, Jakarta Selatan, untuk selanjutnya    In Charge of Asserting This Statement”.
      disebut “Yang Membuat Pernyataan”.                                     Hereby states that:
      Dengan ini menyatakan bahwa :
      1.   PT Bakrieland Development Tbk selama tahun 2025 telah             1.   PT Bakrieland Development Tbk during the year 2025 has
           menerapkan suatu sistem manajemen risiko yang memadai                  implemented an adequate risk management system and
           dan memenuhi aturan pengendalian internal Perseroan serta              complied with the Company’s internal control regulations as
           melaksanakan kebijakan-kebijakan yang ditetapkan oleh                  well as implemented policies setforth by the Company.
           Perseroan
      2. Selain itu, pengelolaan manajemen risiko Perseroan dan              2.   In addition, the Company’s risk management system and
           pemenuhan aturan serta sistem pengendalian internal telah              regulatory compliance, as well as the internal control system,
           dilaksanakan secara efektif dan efisien dalam aspek-aspek              were effectively and efficiently carried out in material
           yang material.                                                         aspects.


      Demikian Surat Pernyataan ini dibuat dengan sebenar-benarnya           Thus, this Statement Letter is made sincerely with respect
      guna memenuhi prinsip tanggung jawab dalam Tata Kelola                 to complying with the principle of responsibility within the
      Perusahaan yang baik di Perseroan.                                     Company’s Good Corporate Governance.




                                                             Jakarta, 31 Desember 2025
                                                             Jakarta, 31 December 2025




                                                                 Resza Adikhresna
                                                       (Presiden Direktur | President Director)




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                                                                                Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                        Laporan Tata Kelola Perusahaan
                                                                                                             Report on Corporate Governance




PERMASALAHAN HUKUM                                                       LEGAL CASES
Selama tahun 2025, tidak terdapat perkara hukum yang berdampak           During the year 2025, there were no legal cases with material
material yang dihadapi oleh Perseroan, Anak Perusahaan, anggota          impact faced by the Company, Subsidiaries, members of the
Direksi dan anggota Dewan Komisaris.                                     Board of Directors, and members of the Board of Commissioners.


PERKARA PENTING DAN SANKSI ADMINISTRASI                                  IMPORTANT            CASES            AND      ADMINISTRATIVE
                                                                         SANCTIONS
Pada tahun 2025, Perseroan menerima sebanyak 2 (dua) sanksi              In the year 2025, the Company received 2 (two) administrative
administratif dari OJK perihal:                                          sanctions from OJK concerning the following:
1.  Keterlambatan Penyampaian dan Pengumuman Laporan                     1.   Delay in Submission and Announcement of the Annual
    Keuangan Tahunan per 31 Desember 2019 (“LKT 2019”) PT.                    Financial Reports as of 31 December 2019 (“LKT 2019”) PT.
    Bakrieland Development Tbk.                                               Bakrieland Development Tbk.
2. Keterlambatan Penyampaian dan Pengumuman Laporan                      2. Delay in Submission and Announcement of the Semi-Annual
    Keuangan Tengah Tahunan per 30 Juni 2020 (“LKTT 2020”)                    Financial Reports as of 30 June 2020 (“LKTT 2020”) PT.
    PT. Bakrieland Development Tbk                                            Bakrieland Development Tbk.


PROGRAM KEPEMILIKAN                      SAHAM          DEWAN            SHARES OWNERSHIP PROGRAM OF THE BOARD
KOMISARIS DAN DIREKSI                                                    OF COMMISSIONERS AND THE BOARD OF
                                                                         DIRECTORS

KEBIJAKAN INFORMASI MENGENAI KEPEMILIKAN                                 INFORMATION POLICY ON SHARES OWNERSHIP
SAHAM
Setiap tahun, Dewan Komisaris dan Direksi membuat Surat                  Every year, the Board of Commissioners and the Board of
Pernyataan Kepemilikan Saham dan dimuat dalam Laporan                    Directors issue a Statement Letter of Shares Ownership and
Tahunan. Surat pernyataan tersebut menyatakan jumlah lembar              publish it in the Annual Report. This statement letter declares
saham yang dimiliki anggota Dewan Komisaris dan anggota                  the number of shares owned by members of the Board of
Direksi beserta keluarga (istri dan anak). Per 31 Desember 2025,         Commissioners and members of the Board of Directors as well
seluruh Dewan Komisaris dan Direksi Perseroan beserta keluarga           as their family members (wife and children). As of 31 December
tidak memiliki saham baik di Perseroan ataupun perusahaan lain.          2025, all members of the Board of Commissioners and the Board
                                                                         of Directors of the Company and their family members do not
                                                                         own shares in the Company or in other companies.


PEMBERIAN KOMPENSASI JANGKA PANJANG                                      PROVISION OF LONG-TERM COMPENSATION
Hingga akhir tahun 2025, Perseroan tidak memiliki dan                    Until the end of the year 2025, the Company did not own nor
menerapkan kebijakan mengenai pemberian kompensasi jangka                apply the policy on providing long-term compensation based on
panjang berbasis kinerja kepada manajemen dan/atau karyawan.             performance to the management and/or employees.


PEDOMAN PERILAKU DAN KODE ETIK                                           CODE OF CONDUCT AND CODE OF ETHICS
Perseroan senantiasa mendorong seluruh karyawan untuk                    The Company continuously encourages all employees to carry
melaksanakan tugas dan tanggung jawabnya secara jujur,                   out their duties and responsibilities with trustworthiness,
berintegritas, dan transparan, dengan menjunjung tinggi sikap            integrity, and transparency, by upholding the attitude of mutual
saling menghormati. Komitmen ini merupakan bagian dari upaya             respect. This commitment is part of the Company’s effort in
Perseroan dalam membangun akuntabilitas profesional dan                  building professional accountability and strengthening ethical
memperkuat budaya kerja yang beretika. Untuk mendukung hal               work culture. To support this, the Company consistently
tersebut, Perseroan secara konsisten menanamkan nilai dan                engrafts values and principles of Corporate Ethics in the entire
prinsip Etika Perseroan di seluruh organisasi melalui keteladanan,       organization through role models, increasing awareness, and
peningkatan kesadaran, serta pelaksanaan berbagai program                continuously implementing various ongoing socialization and
sosialisasi dan pelatihan yang berkesinambungan.                         training programs.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      Nilai-nilai Etika Perseroan telah dituangkan dalam Pedoman           Values of the Corporate Ethics are contained in the Bakrieland
      Perilaku Bakrieland yang ditandatangani oleh Komisaris Utama         Code of Conduct signed by the President Commissioner and
      dan Direktur Utama pada tahun 2017. Pedoman ini memuat               President Director in 2017. This Code contains the standards
      standar perilaku yang wajib dipatuhi oleh semua karyawan dalam       of behavior that must be adhered to by all employees in all
      setiap interaksi dengan rekan kerja, pemasok, mitra bisnis dan       interactions with colleagues, suppliers, business partners,
      pelanggan, pemegang saham, ataupun pemangku kepentingan              customers, and shareholders, as well as other stakeholders.
      lainnya. Penerapan Kode Etik dilakukan secara universal dan setara   Implementation of the Code of Ethics is carried out universally
      di seluruh jenjang organisasi tanpa pengecualian, serta diyakini     and equality at all levels of the organization without exception,
      berperan penting dalam membentuk budaya kerja yang positif           and is believed to play an important role in forming a positive work
      dan mencerminkan nilai-nilai Perseroan secara berkelanjutan.         culture and sustainably reflects corporate values.


      POKOK-POKOK KODE ETIK                                                PRINCIPLES OF THE CODE OF ETHICS
      Kode Etik Perseroan mengatur hal-hal sebagai berikut.                The Company’s Code of Ethics regulates matters as follows:
      1. Hubungan Karyawan dengan Perseroan                                1.  Relationship between Employees and the Company
      2. Hubungan sesama Karyawan                                          2. Relationship among Employees
      3. Hubungan dengan Konsumen                                          3. Relationship with Consumers
      5. Hubungan dengan Pemasok                                           4. Relationship with Suppliers
      6. Hubungan dengan Pemegang Saham                                    5. Relationship with Shareholders
      7. Hubungan dengan Pemerintah                                        6. Relationship with the Government
      8. Hubungan dengan Masyarakat                                        7. Relationship with the Community


      PENGESAHAN DAN SOSIALISASI                                           RATIFICATION AND SOCIALIZATION
      Pedoman Perilaku Perseroan disahkan melalui Surat Keputusan          The Company’s Code of Conduct was ratified through Decree
      Direksi No. 047/SK-Dir/IV/07 sebagai acuan resmi dalam               of the Board of Directors No. 047/SK-Dir/IV/07 as the official
      penerapan Etika Perseroan. Selain berisikan sekumpulan aturan        reference for the implementation of the Corporate Ethics. Aside
      atau standar praktik etis, Pedoman Perilaku Bakrieland juga          from containing a set of rules or standards of ethical practice,
      mengatur mekanisme penanganan dan pemberian sanksi                   Bakrieland Code of Conduct also regulates the mechanism of
      atas tindakan penyimpangan. Pedoman Perilaku terus ditinjau          handling and providing sanctions to acts of deviation. The Code
      dan diperbarui secara berkala agar senantiasa selaras dengan         of Conduct is continually reviewed and refined periodically so that
      perkembangan hukum, peraturan perundang-undangan serta               it is always in alignment with developments in the field of law,
      praktik terbaik.                                                     legislation and best practices.


      Ketentuan etika yang tercantum dalam Pedoman Perilaku berlaku        Ethical provisions contained in the Code of Conduct apply to
      secara mengikat bagi seluruh insan Perseroan di setiap jenjang       and are binding on all Company personnel at every level of the
      organisasi, termasuk Dewan Komisaris, Direksi, organ penunjang       organization, including the Board of Commissioners, Board of
      Dewan Komisaris, serta seluruh Entitas Anak. Penerapan yang          Directors, supporting organs of the Board of Commissioners,
      setara ini bertujuan untuk memastikan konsistensi standar etika      and all Subsidiaries.This implementation of inequality aims to
      dan integritas di seluruh lingkungan Perseroan.                      ensure consistency in the ethical standards and integrity applied
                                                                           throughout the Company.


      Dalam rangka memperkuat pemahaman dan kepatuhan terhadap             In the effort to strengthen the understanding and compliance
      Pedoman Perilaku, Perseroan secara berkala melaksanakan              with the Code of Conduct, the Company periodically holds
      kegiatan sosialisasi yang mewajibkan seluruh insan Perseroan untuk   socialization activities that require all personnel of the Company
      membaca, memahami, dan menandatangani Surat Pernyataan               to read, understand, and sign the Statement Letter of Compliance
      Ketaatan terhadap Pedoman Perilaku. Kegiatan ini dilaksanakan        to the Code of Conduct. This activity is carried out as an annual
      sebagai agenda tahunan dan menjadi bukti komitmen individu           agenda and serves as proof of an individual’s commitment to
      dalam menjunjung tinggi Etika PErseroan. Surat pernyataan yang       upholding the Corporate Ethics. The signed statement letters are
      telah ditandatangani selanjutnya diarsipkan sebagai bagian dari      subsequently filed as part of the concerned employee’s data.
      data kepegawaian yang bersangkutan.




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                                                                                  Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                               Tata Kelola Perusahaan                   Laporan Berkelanjutan
      Pembahasan Manajemen
                                               Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                             Sustainable Report




                                                                                           Laporan Tata Kelola Perusahaan
                                                                                                                Report on Corporate Governance




PENANGANAN                  PENYIMPANGAN              PEDOMAN              HANDLING OF DEVIATION FROM THE CODE OF
PERILAKU                                                                   CONDUCT
Setiap dugaan penyimpangan terhadap Pedoman Perilaku                       Every alleged deviation from the Code of Conduct is handled
ditangani melalui mekanisme Sistem Pelaporan Pelanggaran                   through the mechanism of the Violation Reporting System
(WBS) dengan terlebih dahulu dilakukan proses investigasi                  (Whistleblowing System/WBS) by first conducting an objective
yang objektif dan berbasis pada fakta. Hasil investigasi tersebut          and fact-based investigation process. Results of the investigation
menjadi dasar dalam penentuan keputusan atas setiap temuan                 serve as the basis to determine the decision of each finding of
penyimpangan, dengan mempertimbangkan dampak tindakan,                     the deviation by considering the impact of the action, the level of
tingkat kesengajaan, serta motif yang melatarbelakangi terjadinya          intent, and the motive behind the violation.
pelanggaran.


Sebagaimana diatur dalam Pedoman Perilaku, segala bentuk                   As regulated in the Code of Conduct, all forms of violation of
pelanggaran Kode Etik akan dikenakan sanksi yang disesuaikan               the Code of Ethics will be imposed with sanctions in accordance
dengan tingkat penyimpangan dan hierarki organisasi (pangkat atau          withthe level of deviation and organizational hierarchy (employee
jabatan karyawan). Bentuk sanksi kepada karyawan dapat berupa              rank or position). Sanctions to employees may come in the
teguran lisan, surat peringatan, pembatasan atau penundaan                 form of verbal warning, written warning, restrictions or delays
kenaikan gaji, pangkat atau bonus, hingga pemutusan hubungan               in salary increases, promotions or bonuses, up to termination of
kerja. Dalam hal pengenaan sanksi berupa pemutusan hubungan                employment. In the context of imposing a sanction in the form
kerja, keputusan tersebut harus mendapatkan persetujuan Direksi            of employment termination, such a decision must receive the
yang dilanjutkan dengan pengajuan permohonan izin kepada                   approval of the Board of Directors, followed up by submitting a
instansi ketenagakerjaan sesuai peraturan perundang-undangan               permit application to the employment agency in accordance with
yang berlaku di bidang ketenagakerjaan.                                    applicable laws and regulations in the employment sector.


KEBIJAKAN ANTI KORUPSI                                                     ANTI-CORRUPTION POLICY
Perseroan menegaskan komitmennya untuk menjalankan                         The Company affirms its commitment to carry out all business
seluruh kegiatan usaha secara bersih dan bebas dari praktik                activities in a clean manner and free from Corruption, Collusion,
Korupsi, Kolusi, dan Nepotisme (KKN). Komitmen anti-korupsi ini            and Nepotism (KKN) practices. This anti-corruption commitment
merupakan bagian integral dari penerapan GCG dan diwujudkan                is an integral part of GCG implementation and is manifested
melalui penetapan kebijakan, penguatan sistem pengendalian,                through the establishment of policies, strengthening of the
serta internalisasi nilai integritas di seluruh lingkungan Perseroan.      control system, as well as internalization of integrity values
                                                                           throughout the Company.


Sebagai bagian dari upaya pencegahan praktik KKN, Perseroan                As part of the effort to prevent KKN practices, the Company
menerapkan berbagai kebijakan yang bertujuan menutup potensi               applies various policies with the intention to close potential
celah terjadinya penyimpangan di tempat kerja. Salah satu kebijakan        openings for deviations to occur in the workplace. One of the
utama adalah Pedoman Dewan (Board Manual) yang disahkan                    main policies is the Board Manual ratified through Decree of
melalui Surat Keputusan Direksi dan Komisaris PT Bakrieland                the Board of Directors and the Board of Commissioners of PT
Development Tbk No. 001/KOM-DIR-PERSEROAN/SK/I/2016                        Bakrieland Development Tbk No. 001/KOM-DIR-PERSEROAN/
tentang Pengesahan Board Manual. Pedoman ini secara tegas                  SK/I/2016 regarding the Ratification of the Board Manual. This
mengatur larangan bagi anggota Dewan Komisaris untuk meminta               manual firmly regulates prohibition for members of the Board
atau menerima hadiah, gratifikasi, atau bentuk pemberian lainnya           of Commissioners to request or receive gifts, gratuity, or other
dari pihak mana pun yang berpotensi mempengaruhi objektivitas              forms of giving from any party that may potentially influence
dalam menjalankan tugas dan mewakili kepentingan Perseroan.                objectivity in carrying out duties and representing the Company’s
                                                                           interest.




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          Kilas Kinerja         Laporan Manajemen          Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights      Management Report          Company Profile              Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      KEBIJAKAN BENTURAN KEPENTINGAN                                            POLICY ON CONFLICT OF INTEREST
      Selain itu, Perseroan juga memiliki Kebijakan Benturan Kepentingan        In addition, the Company also retains the Policy on Conflict of
      yang ditetapkan melalui Surat Keputusan Direksi dan Dewan                 Interest established through Decree of the Board of Directors and
      Komisaris Bakrieland No. 001/DIR-KOM/SK/VI/2023. Kebijakan ini            the Board of Commissioners of Bakrieland No. 001/DIR-KOM/SK/
      menjadi panduan bagi anggota Dewan Komisaris dan Direksi agar             VI/2023. This policy serves as a guide for members of the Board of
      senantiasa mengedepankan kepentingan ekonomis Perseroan                   Commissioners and the Board of Directors to always put forward
      serta tidak menyalahgunakan jabatan untuk kepentingan pribadi,            the Company’s economic interests and not misuse their positions
      keluarga, atau pihak lain. Kebijakan Benturan Kepentingan juga            for personal interests as well as for family, or other parties. The
      mengatur aspek pemberian dan penerimaan hadiah dan donasi,                Policy on Conflict of Interest also regulates the aspect of giving
      kegiatan di luar pekerjaan utama, serta pengelolaan kerahasiaan           and receiving gifts and donations, activities outside of the main
      informasi.                                                                job, as well as the management of information confidentially.


      PAKTA INTEGRITAS                                                          INTEGRITY PACT
      Dalam rangka memperkuat penerapan prinsip anti-gratifikasi,               In the context of strengthening the implementation of anti-
      Perseroan mewajibkan penerapan Pakta Integritas tidak hanya               gratuity principle, the Company requires the application of the
      bagi internal Perseroan, tetapi juga bagi pihak eksternal, khususnya      Integrity Pact not only for the Company’s internal constituents
      pemasok dan penyedia barang dan/atau jasa. Ketentuan ini diatur           but also for external ones, specifically vendors and suppliers of
      dalam Kebijakan Pengadaan Barang dan/atau Jasa yang disahkan              goods and/or services. This provision is regulated in the Policy on
      melalui Surat Keputusan Direksi PT Bakrieland Development                 Procurement of Goods and/or Services ratified through Decree
      Tbk No. 021/DIR-Perseroan/SK/VIII/11, yang mensyaratkan                   of the Board of Directors of PT Bakrieland Development Tbk No.
      Pakta Integritas Eksternal sebagai bagian yang tidak terpisahkan          021/DIR-Perseroan/SK/VIII/1, whichrequires the External Integrity
      dari dokumen kontrak atau perjanjian kerja sama. Penerapan                Pact as an inherent part ofthe contract document or cooperation
      Pakta Integritas ini bertujuan untuk memastikan seluruh proses            agreement. The implementation of this Integrity Pact is intended
      pengadaan dilakukan secara transparan, akuntabel, dan bebas dari          to ensure that the entire procurement process is carried out
      praktik yang bertentangan dengan prinsip anti-korupsi.                    transparently, accountably, and free from practices that are
                                                                                contrary to anti-corruption principles.


      SOSIALISASI KEBIJAKAN ANTI KORUPSI                                        SOCIALIZATION OF ANTI-CORRUPTION POLICY
      Untuk memastikan pemahaman dan kepatuhan yang konsisten                   To ensure consistent understanding and compliance with
      terhadap kebijakan anti-korupsi, Perseroan secara berkelanjutan           anti-corruption policy, the Company continuously carries out
      melakukan kegiatan sosialisasi dan internalisasi kepada seluruh           socialization and internalization activities forall employees. These
      karyawan. Kegiatan tersebut dilakukan melalui berbagai media              activities are held through various internal communication media,
      komunikasi internal, antara lain pemasangan standing banner dan           among others, by placing standing banners and posters on bulletin
      poster majalah dinding di seluruh kantor Perseroan dan unit usaha,        boards throughout the offices of the Company and Business
      serta pemanfaatan media komunikasi internal seperti e-mail blast          Units, as well as utilizing of the internal communication media
      dan corporate news Bakrieland. Melalui pendekatan ini, Perseroan          such as Bakrieland e-mail blasts and corporate news. Through this
      berupaya membangun budaya integritas dan kepatuhan yang                   approach, the Company strives to develop the culture of integrity
      melekat dalam setiap aktivitas bisnis.                                    and compliance that is inherent in each business activity.


      SISTEM PELAPORAN PELANGGARAN                                              VIOLATION REPORTING SYSTEM
                                                                                (WHITLEBLOWING SYSTEM)
      Sebagai langkah konkret dalam membangun lingkungan bisnis yang            As a concrete step in building a business environment of
      berintegritas serta terbebas dari praktik kecurangan, Perseroan           integrity and free from fraudulent practices, the Company has
      telah menerapkan kebijakan dan Sistem Pelaporan Pelanggaran               implemented the policy and Whistleblowing System (WBS) since
      (Whistleblowing System/WBS) sejak tahun 2009. Sistem ini                  the year 2009. This system is designed as a means for employees
      dirancang sebagai sarana bagi karyawan maupun pemangku                    and other stakeholders to convey reports on alleged violationsof
      kepentingan lainnya untuk menyampaikan laporan atas dugaan                the policy, procedure, code of ethics, Company’s cultural values,
      pelanggaran terhadap kebijakan, prosedur, kode etik, nilai-nilai budaya   and other provisions as regulated in the WBS policy.
      Perseroan, maupun ketentuan lain yang diatur dalam kebijakan WBS.




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Page 231
                                                                                 Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                             Tata Kelola Perusahaan                    Laporan Berkelanjutan
      Pembahasan Manajemen
                                             Good Corporate Governance                Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                         Laporan Tata Kelola Perusahaan
                                                                                                              Report on Corporate Governance




Sepanjang tahun 2025, Perseroan secara berkelanjutan melakukan           Throughout the year 2025, the company continually conducted
sosialisasi WBS melalui pertemuan bulanan lintas divisi serta            socialization of the WBS through cross-divisional monthly
koordinasi berkala dengan Person in Charge (PIC) Risk Champion           meetings as well as periodical coordination with the Person in
di unit usaha. Melalui pendekatan ini, Perseroan mendorong               Charge (PIC) of the Risk Champion in business units. Through
keterbukaan, transparansi, serta keberanian untuk melaporkan             this approach, the Company encourages openness, transparency,
setiap dugaan pelanggaran secara bertanggung jawab sebagai               and the courage to report every alleged violation in a responsible
bagian dari penguatan budaya kepatuhan dan integritas.                   manner as part of strengthening compliance culture and integrity.


PENGELOLA SISTEM PELAPORAN PELANGGARAN                                   THE PARTY MANAGING THE WHISTLEBLOWING
                                                                         SYSTEM
Berdasarkan Surat Keputusan Direksi Perseroan No. 118/SK/                Based on Decree of the Board of Directors of the Company
Dir-BLD/VIII/09, Direksi membentuk dan menunjuk Tim Khusus               No. 118/SK/Dir-BLD/VIII/09, the Board of Directors established
Pengelola Pelaporan Pelanggaran (TKPP). Tim ini terdiri dari             and appointed a Special Team for the Management of Violation
Internal Audit Division Head, Corporate Legal Division Head,             Reporting (TKPP). The team consists of the Internal Audit
dan Corporate Human Capital Division Head. TKPP bertanggung              Division Head, Corporate Legal Division Head, and Corporate
jawab atas penerimaan, pengelolaan, investigasi, serta pelaporan         Human Capital Division Head. TKPP is responsible for receiving,
hasil penanganan pengaduan sesuai dengan ketentuan yang                  managing, and investigating as well as reporting on results of
berlaku.                                                                 handling the complaint in accordance with applicable provisions.


MEKANISME PELAPORAN DAN PENANGANAN                                       MECHANISM OF REPORTING AND HANDLING
PENGADUAN                                                                COMPLAINTS
Perseroan menyediakan beberapa kanal pelaporan yang dapat                The Company provides several channels of reporting that may be
dimanfaatkan oleh Pelapor untuk menyampaikan pengaduan atas              utilized by a Whistleblower to submit a complaint on an alleged
dugaan pelanggaran, yaitu melalui mekanisme sebagai berikut.             violation, namely through the following mechanism:
•   E-mail: whistleblowing@bakrieland.com                                •     E-mail: whistleblowing@bakrieland.com
•   Surat resmi yang ditujukan kepada:                                   •     Official letter addressed to:
    Tim Khusus Pengelola Pelaporan Pelanggaran (TKPP)                          Special Team for the Management of Violation Reporting
    PT Bakrieland Development Tbk                                              (TKPP)
    Wisma Bakrie 1 Lt 6 Jl. HR Rasuna Said Kav B-1, Jakarta, 12920             PT Bakrieland Development Tbk
                                                                               Wisma Bakrie 1 Lt 6 Jl. HR Rasuna Said Kav B-1, Jakarta, 12920


Dalam menyampaikan laporan, Pelapor diharapkan melampirkan               In submitting a report, the Whistleblower is expected to attach
informasi dan dokumen pendukung awal yang memadai agar                   adequate information and initial supporting documents for further
dapat dilakukan penelaahan dan investigasi lebih lanjut. Apabila         analysis and investigation. If the report is assessed as complete
laporan dinilai lengkap dan memenuhi persyaratan, TKPP akan              and fulfills the requirements, TKPP then presents the report to the
menyampaikan laporan tersebut kepada Direksi dan Dewan                   Board of Directors and the Board of Commissioners through the
Komisaris melalui Komite Audit, serta melakukan proses                   Audit Committee and performs an investigation process on the
investigasi terhadap pihak terlapor.                                     whistleblower.


Laporan yang tidak terbukti keabsahannya akan dikembalikan               A report that is not proven to be valid will be returned to the
kepada pelapor. Namun apabila pelaporan terbukti, maka TKPP              whistleblower. However, if the report is proven valid, then
akan melaporkan hasil temuan kepada Komite Audit untuk                   TKPP will report results of the finding to the Audit Committee
ditindaklanjuti kepada Dewan Komisaris dan Direksi. Untuk laporan        for a follow-up to the Board of Commissioners and the Board
yang berkaitan dengan anggota TKPP, pengaduan disampaikan                of Directors. For reports related to members of TKPP, then
kepada Direktur Utama, sedangkan laporan yang berkaitan dengan           complaints will be forwarded to the President Director, while
Direktur Utama disampaikan kepada Komisaris Utama. Penetapan             reports related to the President Director will be forwarded to the
sanksi atas pelanggaran yang terbukti dilakukan mengacu pada             President Commissioner. Determining the sanction for violations
Pedoman Perilaku dan ketentuan internal Perseroan.                       proven valid is conducted by referring to the Code of Conduct
                                                                         and internal Company provisions.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




      PERLINDUNGAN BAGI PELAPOR                                           PROTECTION OF THE WHISTLEBLOWER
      Perseroan memberikan perlindungan kepada setiap karyawan            The Company provides protection for every employee or other
      maupun pihak lain yang menyampaikan laporan dengan itikad           party who submits a complaint report with good intention. This
      baik. Perlindungan tersebut mencakup jaminan kerahasiaan            protection includes a guarantee on the confidentiality of the
      identitas Pelapor serta perlindungan dari segala bentuk tindakan    Whistleblower’s identity as well as protection from all acts of
      balas dendam. Dalam pelaksanaannya, sistem WBS Perseroan            revenge. In its implementation, the Company’s WBS system puts
      mengedepankan prinsip anonimitas untuk memberikan rasa aman         forward the principle of anonymity to give a sense of security for
      bagi Pelapor.                                                       the Whistleblower.


      Sebagaimana diatur dalam kebijakan WBS, Perseroan menjamin          As regulated in WBS policy, the Company guarantees the
      kerahasiaan identitas pelapor hanya jika pelapor terbukti           confidentiality of the whistleblower’s identity only if the
      memberikan pelaporan yang benar dan absah. Sebaliknya,              whistleblower is proven to have provided a correct and valid
      apabila Pelapor terbukti dengan sengaja menyampaikan laporan        report. On the other hand, if the whistleblower is proven to have
      palsu, maka yang bersangkutan dapat dikenakan sanksi sesuai         intentionally submitted a false report, the concerned person
      dengan ketentuan peraturan perundang-undangan yang berlaku,         may be subject to sanctions in accordance with the provisions
      termasuk ketentuan dalam Kitab Undang-Undang Hukum Pidana           of applicable laws and regulations, including the provisions of
      (KUHP) Pasal 310 dan 311 maupun peraturan internal Perseroan.       the Criminal Code (KUHP) Articles 310 and 311 as well as the
                                                                          Company’s internal regulations.


      IMPLEMENTASI DAN HASIL PENANGANAN WBS                               IMPLEMENTATION                    AND   RESULTS     OF     WBS
                                                                          HANDLING
      Sepanjang tahun 2025, TKPP tidak menerima laporan terkait           Throughout the year 2025, TKPP did not receive any report
      pelanggaran terhadap ketentuan dan peraturan Perseroan. Dengan      related to violation of provisions and regulations of the Company.
      demikian, tidak terdapat kasus pelanggaran yang ditindaklanjuti     Thus, there were no violation cases followed up through the WBS
      melalui mekanisme WBS selama periode pelaporan tersebut.            mechanism during this reporting period.




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                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                  Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                     Sustainable Report




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Page 235
   Tanggung
 Jawab Sosial
 Perusahaan/
     Laporan
Berkelanjutan
Corporate Social Responsibility/
            Sustainable Report

   Bakrieland • Laporan Tahunan 2025 Annual Report
Page 236
         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Strategi Keberlanjutan
      Sustainability Strategy



      Perseroan bertekad untuk mengembangkan usaha berdasarkan             The Company is determined to develop its business based on
      arah keberlanjutan yang telah dirancang, selaras dengan komitmen     sustainability direction designed in alignment with the Company’s
      Perseroan dalam menciptakan masa depan industri properti             commitment to creating a higher quality of the property industry’s
      yang lebih berkualitas. Sebagai salah satu pelaku utama di sektor    future. As one of the main players in the national property
      properti nasional, Perseroan menempatkan keberlanjutan sebagai       sector, the Company places sustainability as a strategic element
      elemen strategis yang terintegrasi dalam operasional bisnis guna     integrated into the business operations in order to provide positive
      memberikan dampak positif bagi aspek lingkungan, sosial, dan         impact to the environmental, social and economic aspects.
      ekonomi.


      Dalam menjalankan kegiatan usahanya, Perseroan menjadikan            In carrying out its business activities, the Company keeps
      prinsip keberlanjutan sebagai landasan utama, sehingga orientasi     sustainability principle as the main foundation, so that business
      bisnis tidak semata-mata berfokus pada pencapaian kinerja            orientation is not merely focused on financial performance
      finansial, tetapi juga berperan aktif dalam membangun industri       achievement, but also on taking an active role in developing the
      properti yang memberikan nilai tambah bagi seluruh pemangku          property industry that provides added value to all stakeholders as
      kepentingan serta mendukung kelestarian lingkungan, selaras          well as support environmental preservation in alignment with the
      dengan prinsip Lingkungan, Sosial, dan Tata Kelola (Environmental,   Environmental, Social and Governance (ESG) principle.
      Social, and Governance/ESG).


      Dalam upaya mencapai sasaran keberlanjutan yang telah                In the effort to achieve the set sustainability goals, the Company
      ditetapkan, Perseroan secara berkelanjutan mendorong                 continuously encourages the improvement of the employees’
      peningkatan pemahaman dan kesadaran karyawan terkait                 understanding and awareness of the importance of implementing
      pentingnya penerapan model bisnis berbasis ESG dalam aktivitas       the ESG-based business model in investment activities. The
      investasi. Perseroan juga telah menyusun strategi keberlanjutan      Company has also prepared sustainability strategies in line with
      yang selaras dengan karakteristik dan inti usaha perusahaan, serta   the company’s characteristics and core business, as well as routine
      secara rutin melakukan peninjauan atas implementasinya agar          reviews on the implementation so that it remains adaptive to the
      tetap adaptif terhadap dinamika kondisi eksternal dan lingkungan     dynamics of the external conditions and business environment.
      usaha.


      Penanaman nilai-nilai keberlanjutan juga dilakukan kepada seluruh    Internalization of sustainability values is also carried out to
      pemangku kepentingan dengan melibatkan pelaku ekonomi                all stakeholders by involving economic actors as well as local
      serta tenaga kerja lokal di area operasional guna mendukung          manpower in operational areas in order to support the Company’s
      kesinambungan usaha Perseroan. Di sisi lain, sebagai wujud           business continuity. On the other hand, as a form of commitment
      komitmen dalam menyalurkan dampak positif yang berkelanjutan         to providing sustainable and appropriate positive impact for the
      dan tepat guna bagi masyarakat sekitar, Perseroan secara konsisten   surrounding community, the Company consistently conducts
      melaksanakan program Tanggung Jawab Sosial Perusahaan                Corporate Social Responsibility (CSR) program every year. This
      (Corporate Social Responsibility/CSR) setiap tahunnya. Program       CSR program is manifested through various activity initiatives
      CSR tersebut diwujudkan melalui beragam inisiatif kegiatan yang      directed towards the achievement of Sustainable Development
      berorientasi pada pencapaian Tujuan Pembangunan Berkelanjutan        Goals (SDGs).
      (Sustainable Development Goals/SDGs).




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Page 237
                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                                             Strategi Keberlanjutan
                                                                                                                     Sustainability Strategy




Sebagai perusahaan pengembang properti yang menjunjung                  As a property development company that holds high efforts on
tinggi upaya pelestarian lingkungan, program CSR Perseroan di           environmental preservation, the Company’s CSR program for the
bidang lingkungan hidup secara konsisten diarahkan pada:                environment is consistently directed towards the following:
1.   Penerapan konsep perencanaan, pembangunan, hingga                  1.   Implementation of the concepts of planning, development
     proyek yang selaras dengan kelestarian alam;                            to project that are aligned with the preservation of nature;
2. Pengelolaan limbah secara efisien dan bertanggung jawab;             2. Efficient and responsible waste management;
3. Perlindungan keanekaragaman hayati di seluruh wilayah                3. Protection of biodiversity in all areas of the Company’s
     operasional Perseroan;                                                  operation;
4. Peningkatan efisiensi energi dalam setiap aktivitas                  4. Improvement in energy efficiency in each operational
     operasional; dan                                                        activity; and
5. Pemilihan mitra dan pemasok yang memiliki kepedulian                 5. Selection of partners and suppliers with concern for the
     terhadap lingkungan.                                                    environment.


Melalui penerapan strategi keberlanjutan yang terstruktur dan           Through the implementation of a structured and measurable
terukur, Perseroan optimis dapat terus mengembangkan bisnis             sustainability strategy, the Company is optimistic that it will
properti yang berkesinambungan tanpa mengesampingkan                    continue its property business development without ignoring the
kepentingan generasi masa depan.                                        interests of the future generation.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights     Management Report      Company Profile              Business Support Unit




      Kilas Kinerja Strategi Keberlanjutan
      Performance Highlights of Sustainability Strategy



      Melalui konsistensi serta komitmen tinggi seluruh karyawan          Through the consistency and high commitment of the employees
      dalam menerapkan strategi keberlanjutan di setiap lini proses       in implementing the sustainability strategy in each line of
      bisnis, Perseroan mampu mencapai dan merealisasikan sasaran         business process, the Company was able to achieve and realize
      keberlanjutan yang ditetapkan untuk tahun 2025.                     the sustainable goals set for the year 2025.




                60,8                                     86               %
                                                                                                     641,919
          Rp.
                                                                                                                                      kg

                                  Miliar | Billion

            Total nilai pengadaan untuk              Vendor sudah terverifikasi                 Limbah dikelola Perseroan melalui kerja
            barang dan jasa yang dibeli                 ramah lingkungan.                        sama dengan berbagai vendor binaan
           dari pemasok lokal di Jakarta,                                                          pemerintah daerah. Khusus untuk
           Bogor, Lampung, Sidoarjo, dan               Vendors were verified as                 kawasan Rasuna Epicentrum dan Bogor
                     Yogyakarta.                       environmentally friendly.                Nirwana Residence, Perseroan bekerja
                                                                                                 sama dengan bank sampah setempat.
           Total value of procurement of
           goods and services purchased                                                       Waste is managed by the Company through
           from local suppliers in Jakarta,                                                    joint efforts with various vendors fostered
           Bogor, Lampung, Sidoarjo, and                                                        by local governments. Specifically for the
                     Yogyakart                                                                   Rasuna Epicentrum and Bogor Nirwana
                                                                                                  Residence areas, the Company works
                                                                                                     together with local waste banks.




      Fokus Praktik Keberlanjutan Tahun 2025
      Focus of Sustainability Practices in 2025

      Sepanjang tahun 2025, Perseroan memusatkan perhatian pada           Throughout the year 2025, the Company focused its attention on
      beberapa inisiatif utama, yaitu:                                    several main initiatives, namely as follows:
      1.  Terus mengutamakan pelaku usaha lokal sebagai mitra kerja       1.  Continue to prioritize local business players as the Company’s
          Perseroan guna mendorong pertumbuhan perekonomian di                work partners in order to boost economic growth in the
          lingkungan sekitar;                                                 surrounding environment;
      2. Memberikan prioritas kepada masyarakat setempat dalam            2. Give priority to the local community in the Company’s
          proses perekrutan tenaga kerja Perseroan;                           recruitment process;
      3. Secara berkelanjutan melaksanakan kegiatan penghijauan di        3. Sustainably carry out greenery activities in operational areas
          dalam kawasan operasional untuk menjaga keseimbangan                to maintain balance in the ecosystem;
          ekosistem;
      4. Memperluas kontribusi dan manfaat bagi masyarakat sekitar        4.   Expand contributions and benefits for the surrounding
          melalui pelaksanaan berbagai program CSR;                            community through the implementation of CSR programs;
      5. Menjaga konsistensi dalam menghadirkan lingkungan yang           5.   Maintain consistency in creating a safe and pleasant
          aman dan nyaman di seluruh properti Perseroan melalui                environment in all Company’s properties through the
          penerapan Sistem Manajemen Kesehatan dan Keselamatan                 implementation of the Occupational Health and Safety
          Kerja (K3); dan                                                      (OHS) Management System; and
      6. Secara konsisten menerapkan konsep desain, konstruksi            6.   Consistently implement a design conceptand construction
          hingga penyelesaian proyek yang memerhatikan alam di                 up to project completion that takes nature into account in
          setiap produk properti Perseroan yang baru.                          each of the Company’s new property products.




236      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                               www.bakrieland.com
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                                                                               Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                         Tata Kelola Perusahaan                      Laporan Berkelanjutan
     Pembahasan Manajemen
                                          Good Corporate Governance                  Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




Nilai Keberlanjutan
Sustainability Values



Sejak tahun 2011, Perseroan telah menetapkan nilai-nilai                  Since the year 2011, the Company has established sustainability
keberlanjutan melalui Pilar Keberlanjutan yang mencerminkan               values through the Sustainability Pillars that reflect the
komitmen terhadap aspek keuangan, lingkungan, sosial, serta               commitment on financial, environmental, and social aspects as
penerapan praktik terbaik dan kepatuhan.                                  well as the implementation of best practices and compliance.




          Financially                   Green Through                            It’s About                             Adopting Best
          Sustainable                     & Through                             the People                               Practices &
                                                                                                                         Compliance
          Sorotan Kinerja               Manajemen Produk dan                   Manajemen dan
          Keuangan dan                     Kinerja Operasional                 Pengembangan                             Praktik Tata Kelola yang
      Operasional sebagai pilar          yang berdampak pada                    Karyawan dan                            Baik dalam pilar Praktik
       Berkelanjutan Secara              Lingkungan dalam pilar             Masyarakat dalam pilar                         Usaha Terbaik dan
             Ekonomi                    Hijau Secara Menyeluruh              Tentang Manusianya                                Kepatuhan

            Financial and                 Product Management                    Employee and                              Good Governance
             Operational                      and Operational                    Community                                 Practices in Best
       Performance Highlights                Performance that                 Management and                            Business Practices and
        as the Economically             impact the Environment              Development in About                          Compliance Pillar
          Sustainable Pillar             in the Green Through &                the People Pillar
                                               Through Pillar




                                             Pilar Keberlanjutan Bakrieland
                                                       Bakrieland Sustainability Pillars




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                                                                                                                                                   237
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          Kilas Kinerja           Laporan Manajemen              Profil Perusahaan                          Unit Pendukung Bisnis
      Performance Highlights         Management Report              Company Profile                            Business Support Unit




      Tata Kelola Keberlanjutan
      Sustainability Governance



      Dalam mendukung pencapaian pertumbuhan kinerja bisnis yang                              In support of solid and sustainable business performance growth
      solid dan berkelanjutan, Perseroan memastikan penerapan prinsip                         achievement, the Company ensures the application of consistent
      tata kelola perusahaan yang baik (Good Corporate Governance)                            good corporate governance at all levels of the organization.
      secara konsisten di seluruh tingkatan organisasi. Prinsip tersebut                      This principle is integrated with the Company’s sustainability
      terintegrasi dengan komitmen keberlanjutan Perseroan dan                                commitment and implemented in all operational processes, both
      diimplementasikan dalam seluruh proses operasional, baik di                             at the Company level as well as the Business Units.
      tingkat Perseroan maupun Unit Usaha.


      Untuk memastikan efektivitas pencapaian target keberlanjutan,                           To ensure effectiveness of sustainability target achievement,
      Perseroan menerapkan sistem tata kelola keberlanjutan yang                              the Company applies the sustainability governance system
      melibatkan berbagai pemangku kepentingan internal, mulai dari                           that engages various internal stakeholders, starting from the
      manajemen puncak hingga unit kerja pelaksana. Sistem ini dirancang                      top management to the executing work units. This system is
      untuk mengelola praktik Corporate Sustainability secara komprehensif,                   designed to comprehensively manage Corporate Sustainability
      sehingga Perseroan dapat memberikan nilai tambah dan kontribusi                         practices, so that the Company can sustainably provide added
      positif yang berkelanjutan bagi para pemangku kepentingan.                              value and positive contributions to the stakeholders.


      Sesuai dengan ketentuan UU No. 40 Tahun 2007 tentang Perseroan                          In accordance with Law No. 40 of the Year 2007 regarding Limited
      Terbatas, Direksi bertanggung jawab penuh atas perumusan                                Liability Companies, the Board of Directors is fully responsible for
      dan pelaksanaan strategi keberlanjutan Perseroan pada masing-                           the formulation and implementation of the Company’s sustainability
      masing lini usaha. Dalam menjalankan fungsi pengawasan, Dewan                           strategy in each line of business. In carrying out its supervisory
      Komisaris didukung oleh Komite Audit untuk memastikan bahwa                             function, the Board of Commissioners is supported by the Audit
      pengelolaan Perseroan, termasuk pelaksanaan komitmen Direksi                            Committee to ensure that the Company’s management, including
      terhadap Pilar Keberlanjutan, berjalan secara efektif, akuntabel,                       the implementation of the Board of Directors’ commitment
      dan selaras dengan strategi jangka panjang Perseroan.                                   towards the Sustainability Pillars, runs effectively, accountably, and
                                                                                              in alignment with the company’s long-term strategy.


      Struktur tata kelola keberlanjutan Perseroan yang berlaku dan                           The Company’s applicable sustainability governance structure,
      diimplementasikan hingga akhir periode pelaporan tahun 2025                             implemented until the reporting period of the year 2025, is as
      adalah sebagai berikut.                                                                 follows:

                                                                Dewan Komisaris                                    Komite Audit
                                                             Board of Commissioners                               Audit Committe



                                                                    Direksi
                                                               Board of Directors




                                       Induk Perusahan                                                           Anak Perusahaan
                                           Holding                                                                 Subsidiaries



                               Financial Sustainable                                                        Direksi Anak Perusahaan
                               • Corporate Strategy                                                      Board of Directors of Subsidiaries
                                 Management
                               • Corporate Business
                                 Development
                               • Corporate Finance &                            Financial Sustainable                            It’s About the People
                               • Acounting                                      • Business Development                           • Human Capital
                                                                                • Project Management                             • CSR
                                                                                • Operations                                     •
                               Green Through & Through                          • Finance & Accounting                           • Customer Relations
                               •

                               It’s About the People
                               • Corporate Human Capital
                               •


                               Adopting Best Practices &                        Green Through & Through                          Adopting Best Practices &
                               Compilance                                       • Business Development                           Compilance
                               • Corporate Risk Management                      • Project Management                             • Risk Management
                               • Corporate Internal Audit                       • Operations                                     • Corporate Secertary
                               • Corporate Legal                                                                                 • Internal Audit
                               • Corporate Secertary                                                                             • Legal




238       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                                 www.bakrieland.com
Page 241
                                                                                 Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                            Tata Kelola Perusahaan                     Laporan Berkelanjutan
       Pembahasan Manajemen
                                            Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                           Sustainable Report




                                                                                                           Tata Kelola Keberlanjutan
                                                                                                                         Sustainability Governance




PENGEMBANGAN     KOMPETENSI                                TERKAIT          SUSTAINABLE FINANCE-RELATED COMPETENCY
KEUANGAN BERKELANJUTAN                                                      DEVELOPMENT
Sepanjang tahun 2025, Perseroan melakukan inisiatif untuk                   Throughout 2025, the Company will undertake initiatives to
meningkatkan kapasitas sumber daya manusia di bidang keuangan               improve human resource capacity in sustainable finance by
berkelanjutan dengan mengikutsertakan 8 karyawan dan/atau                   engaging 8 employees and/or executive officers in various
pejabat eksekutif dalam berbagai kegiatan pelatihan, seminar,               training activities, seminars, and workshops. These activities will
maupun workshop. Kegiatan tersebut berfokus pada penguatan                  focus on strengthening the understanding and implementation
pemahaman dan implementasi pengelolaan bisnis berbasis                      of Environmental, Social, and Governance (ESG)-based business
Environmental, Social, and Governance (ESG), dengan detail                  management, with details as follows :
penyelenggaraan sebagai berikut.


                 Tanggal                Penyelenggara                             Topik Pelatihan                                Tempat-Format
 No
                  Date                    Organizer                               Training Topics                                 Place-Format
  1.    22 Januari 2025                     ICSA           Webinar Sosialisasi ESG Reporting                                        Webinar
        22 January 2025                                    ESG Reporting Socialization Webinar
  2.    18 Maret 2025                       ICSA           Menavigasi Tantangan ESG melalui Penguatan Kebijakan                     Webinar
        18 March 2025                                      Good Corporate Governance
                                                           Navigating ESG Challenges through Strengthening Good
                                                           Corporate Governance Policies
  3.    21 Maret 2025                        IDX           Sosialisasi dan Konsultasi Publik atas Inisiatif Konsep IDX              Webinar
        21 March 2025                                      Green Equity Designation
                                                           Public Outreach and Consultation on the IDX Green Equity
                                                           Designation Concept Initiative
  4.    26 Maret 2025                       ICSA           Langkah Awal dalam Membangun Inisiatif ESG: Panduan                      Webinar
        26 March 2025                                      Praktis untuk Perusahaan
                                                           First Steps in Building an ESG Initiative: A Practical Guide
                                                           for Companies
  5.    29 Agustus 2025                     ICSA           A Risk-Based Approach to ESG: Building Resilient,                        Webinar
                                                           Responsible Businesses
        29 Augst 2025                                      A Risk-Based Approach to ESG: Building Resilient,
                                                           Responsible Businesses
  6.    4 November 2025                    ACMF            The ASEAN Capital Markets Forum (“ACMF”) and                             Workshop
                                                           International Sustainability Standards Board’s (“ISSB”)
                                                           joint Technical Training Workshop for Corporate Preparers
        4 November 2025                                    The ASEAN Capital Markets Forum (“ACMF”) and
                                                           International Sustainability Standards Board’s (“ISSB”)
                                                           joint Technical Training Workshop for Corporate Preparers
  7.    13 November 2025                    ICSA           IFRS 1 & 2 Update and Practical Insights for Public                      Webinar
                                                           Companies" Confirmation
        13 November 2025                                   IFRS 1 & 2 Update and Practical Insights for Public
                                                           Companies” Confirmation
  8.    11 Desember 2025                    ICSA           Green Economic Outlook 2026                                              Webinar
        11 December 2025                                   Green Economic Outlook 2026




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          Kilas Kinerja        Laporan Manajemen         Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report         Company Profile             Business Support Unit




      Tata Kelola Keberlanjutan
      Sustainability Governance




      PENILAIAN RISIKO KEBERLANJUTAN                              YANG       INTEGRATED SUSTAINABILITY RISK ASSESSMENT
      TERINTEGRASI DENGAN ASPEK ESG                                          WITH ESG ASPECTS
      Informasi mengenai profil risiko Perseroan, termasuk risiko            Information regarding the Company's risk profile, including
      operasional, risiko pasar, hingga risiko eksternal yang terintegrasi   operational risk, market risk, and external risk integrated with
      dengan aspek keberlanjutan dan ESG, telah diungkapkan dalam            sustainability and ESG aspects, has been disclosed in the
      Bab Tata Kelola Perusahaan pada Laporan Tahunan 2025, yaitu di         Corporate Governance chapter of the 2025 Annual Report,
      bagian Sistem Manajemen Risiko.                                        specifically under the Risk Management System section.


      KETERLIBATAN PEMANGKU KEPENTINGAN                                      STAKEHOLDER ENGAGEMENT
      Melalui proses diskusi internal yang komprehensif antara               Through a comprehensive internal discussion process between
      manajemen dan unit-unit kerja, Perseroan melakukan pemetaan            management and work units, the Company mapped and
      serta identifikasi terhadap kelompok pemangku kepentingan              identified key stakeholder groups that have significant reciprocal
      utama yang memiliki hubungan timbal balik signifikan dengan            relationships with the Company's business activities. This
      kegiatan usaha Perseroan. Identifikasi ini mempertimbangkan            identification took into account the level of influence, interests,
      tingkat pengaruh, kepentingan, serta intensitas interaksi yang         and intensity of active and responsive interactions between the
      bersifat aktif dan responsif antara Perseroan dan masing-masing        Company and each stakeholder group.
      kelompok pemangku kepentingan.


      Pendekatan      tersebut memungkinkan       Perseroan    untuk         This approach enabled the Company to understand the
      memahami ekspektasi, kebutuhan, serta potensi dampak yang              expectations, needs, and potential impacts of each stakeholder
      timbul dari setiap kelompok pemangku kepentingan terhadap              group on business continuity. This enabled the Company to
      keberlangsungan usaha. Dengan demikian, Perseroan dapat                design appropriate communication strategies and engagement
      merancang strategi komunikasi dan metode pelibatan yang tepat          methods to support sustainable business processes and long-
      guna mendukung proses bisnis yang berkelanjutan dan penciptaan         term value creation.
      nilai jangka panjang.


      Berikut adalah kelompok pemangku kepentingan utama beserta             The following are the main stakeholder groups and the
      metode pelibatan yang diterapkan oleh Perseroan berdasarkan            engagement methods implemented by the Company based on
      bobot pengaruh dan intensitas interaksinya:                            their influence and intensity of interaction:


             Daftar Pemangku Kepentingan                                                Metode Pelibatan
                    Stakeholder List                                                  Method of Involvement
       Karyawan                                       Rapat karyawan, rapat antar-departemen, serta penyampaian corporate update melalui
       Employee                                       sarana komunikasi digital internal.
                                                      Employee meetings, inter-departmental meetings, and the delivery of corporate
                                                      updates through internal digital communication channels.
       Pemegang Saham                                 Public Expose, Rapat Umum Pemegang Saham (RUPS), serta korespondensi melalui
       Shareholders                                   surat elektronik.
                                                      Public Expose, General Meeting of Shareholders (GMS), and correspondence via
                                                      electronic mail
       Regulator                                      Korespondensi surat elektronik dan penyampaian laporan sesuai ketentuan yang berlaku.
       Regulator                                      Electronic mail correspondence and submission of reports in accordance with
                                                      applicable provisions
       Mitra Bisnis                                   Korespondensi surat elektronik serta komunikasi formal dalam rangka pelaksanaan kerja
       Business Partner                               sama usaha.
                                                      Electronic mail correspondence and formal communication in the context of
                                                      implementing business cooperation.




240       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 243
                                                                              Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                         Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                         Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




                                                                                                        Tata Kelola Keberlanjutan
                                                                                                                      Sustainability Governance




       Daftar Pemangku Kepentingan                                                  Metode Pelibatan
              Stakeholder List                                                    Method of Involvement
 Komunitas/Asosiasi                            Partisipasi aktif dalam asosiasi industri, baik sebagai anggota maupun pengurus, sebagai
 Community/Association                         bentuk kontribusi dan kolaborasi dalam pengembangan sektor usaha.
                                               Active participation in industry associations, both as members and administrators, as a
                                               form of contribution and collaboration in developing the business sector.
 Konsumen                                      Media sosial, korespondensi surat elektronik, serta berbagai aktivitas berbasis komunitas.
 Consumer                                      Social media, email correspondence, and various community-based activities.
 Masyarakat                                    Estate Management Complaint Center serta korespondensi surat elektronik guna
 Society                                       menampung aspirasi dan pengaduan.
                                               Estate Management Complaint Center serta korespondensi surat elektronik guna
                                               menampung aspirasi dan pengaduan.



KENDALA,   TANTANGAN,                    DAN          PELUANG            OBSTACLES, CHALLENGES, AND OPPORTUNITIES
KEBERLANJUTAN                                                            FOR SUSTAINABILITY
Perseroan menyadari bahwa penerapan model bisnis yang                    The Company recognizes that implementing a business model
berlandaskan pada praktik-praktik keberlanjutan dalam operasional        based on sustainable practices in its operations is a transformation
usaha merupakan proses transformasi yang membutuhkan waktu,              process that requires time, consistency, and commitment from
konsistensi, serta komitmen dari seluruh lini organisasi. Dalam          all levels of the organization. In its implementation, the Company
implementasinya, Perseroan menghadapi berbagai kendala dan               faces various obstacles and challenges, including limited business
tantangan, antara lain keterbatasan kesiapan mitra usaha dalam           partner readiness to meet ESG standards, the need to adjust
memenuhi standar ESG, kebutuhan penyesuaian proses bisnis                internal business processes, and increase human resource
internal, serta peningkatan kapasitas sumber daya manusia, agar          capacity to align with evolving sustainability practices.
selaras dengan praktik keberlanjutan yang semakin berkembang.


Dari perspektif tata kelola, integrasi prinsip keberlanjutan dalam       From a governance perspective, the integration of sustainability
kerangka GCG juga menuntut penguatan pada aspek soft                     principles into the GCG framework also requires strengthening
structure dan infrastructure tata kelola, termasuk penyempurnaan         the soft structure and infrastructure of governance, including
kebijakan, prosedur operasional, serta sistem pengendalian               improving policies, operational procedures, and internal control
internal yang mampu mengakomodasi risiko-risiko keberlanjutan.           systems to accommodate sustainability risks.
Tantangan ini mencakup harmonisasi antara target bisnis jangka           This challenge involves aligning short-term business targets with
pendek dengan komitmen keberlanjutan jangka panjang, sehingga            long-term sustainability commitments, so that every strategic
setiap keputusan strategis tetap mempertimbangkan aspek risiko,          decision takes into account risk, compliance, and social and
kepatuhan, dan dampak sosial serta lingkungan.                           environmental impacts.


Dalam menghadapi tantangan tersebut, Perseroan memanfaatkan              To address these challenges, the Company utilizes an integrated
sistem manajemen risiko terintegrasi untuk mengidentifikasi              risk management system to identify and map risks that could
dan memetakan risiko-risiko yang berpotensi mempengaruhi                 potentially impact business continuity. Through periodic
keberlanjutan usaha. Melalui mekanisme evaluasi berkala, Business        evaluation mechanisms, Business Reviews, and strengthening
Review, serta penguatan fungsi pengendalian internal, Perseroan          internal control functions, the Company ensures that these risks
memastikan bahwa risiko-risiko tersebut dapat dimitigasi secara          are mitigated in a measurable manner and in line with prudent
terukur dan selaras dengan prinsip kehati-hatian. Upaya ini juga         principles. These efforts are also supported by optimizing
didukung oleh optimalisasi digitalisasi dalam proses koordinasi          digitalization in the coordination and reporting process to increase
dan pelaporan guna meningkatkan transparansi, efisiensi, serta           transparency, efficiency, and timeliness of report submission,
ketepatan waktu penyampaian laporan, termasuk laporan                    including financial reports.
keuangan.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Tata Kelola Keberlanjutan
      Sustainability Governance




      Di sisi lain, tantangan tersebut sekaligus membuka peluang           On the other hand, these challenges also open up strategic
      strategis bagi Perseroan. Penerapan prinsip keberlanjutan dan ESG    opportunities for the Company. Consistent implementation of
      yang konsisten berpotensi meningkatkan kepercayaan investor,         sustainability and ESG principles has the potential to increase
      memperkuat hubungan dengan pemangku kepentingan, serta               investor confidence, strengthen stakeholder relationships,
      meningkatkan daya saing Perseroan di industri properti. Dengan       and enhance the Company's competitiveness in the property
      memperkuat fondasi tata kelola, manajemen risiko, dan sistem         industry. By strengthening the foundations of governance, risk
      pengendalian internal, Perseroan tidak hanya menjaga kepatuhan,      management, and internal control systems, the Company not
      tetapi juga menciptakan nilai jangka panjang yang berkelanjutan      only maintains compliance but also creates sustainable long-term
      bagi seluruh pemangku kepentingan.                                   value for all stakeholders.




      Kinerja Keberlanjutan
      Sustainability Performance



      Perseroan menempatkan budaya keberlanjutan sebagai bagian            The Company places sustainability culture as an integral part of
      yang tidak terpisahkan dari etika dan perilaku kerja karyawan.       the employees’ work ethics and behaviors. The commitment to
      Komitmen dalam mengintegrasikan prinsip-prinsip ESG ke dalam         integrating ESG principles into all business activities is manifested
      seluruh aktivitas usaha diwujudkan melalui berbagai inisiatif        through various initiatives designed to generate a sustainability
      yang dirancang untuk menumbuhkan budaya keberlanjutan di             culture within the Company’s internal environment.
      lingkungan internal Perseroan.


      Sebagai langkah konkret, Perseroan secara bertahap melakukan         As a concrete step, the Company gradually aligned internal
      penyelarasan terhadap kebijakan internal agar lebih berorientasi     policies to be more oriented towards sustainable operations, in
      pada operasional berkelanjutan, sejalan dengan arahan regulator      line with the regulator’s directives to the private sector. Internal
      kepada sektor swasta. Kebijakan internal beserta landasan Pilar      policies together with Sustainability Pillars have always been
      Keberlanjutan terus disosialisasikan secara konsisten kepada         consistently socialized to all employees.
      seluruh karyawan.


      Selain itu, Perseroan secara berkelanjutan meningkatkan kapasitas    Aside from that, the Company sustainably enhanced employees’
      karyawan melalui beragam pelatihan dan seminar yang berkaitan        capacity through various training programs and seminars related
      dengan ESG, serta melakukan berbagai kegiatan lintas bidang          to ESG, as well as conducted various cross-sector activities that
      yang mengusung konsep keberlanjutan dan memberikan dampak            carry the sustainability concept and have a significant impact
      signifikan bagi Perseroan. Dengan meningkatnya pemahaman             on the Company. With the employees’ improved understanding
      karyawan terhadap pengembangan model bisnis berbasis ESG,            of the ESG-based business model development, the Company
      Perseroan mengharapkan setiap individu memiliki kesadaran            hopes that each individual has the awareness as well as the
      serta kompetensi dalam mengidentifikasi dan menilai risiko sosial    competency to identify and assess social and environmental risks
      maupun lingkungan yang melekat pada aktivitas investasi dan          that come with investment and operational activities.
      operasional.




242      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
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                                                                              Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                         Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                         Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




                                                                                                                Kinerja Keberlanjutan
                                                                                                                      Sustainability Performance




Pada tingkat korporasi, Perseroan juga mengimplementasikan               At the corporate level, the Company also enforced sustainability
nilai-nilai keberlanjutan melalui Sustainability Monitoring System       values through the Sustainability Monitoring System (SMS),
(SMS), yaitu sistem yang dirancang untuk memantau penerapan              namely the system designed to monitor the implementation of
prinsip keberlanjutan pada kegiatan operasional dan pemasaran,           sustainability principles in operational and marketing activities, in
guna memastikan keberlanjutan dijalankan secara konsisten.               order to ensure that sustainability is consistently carried out.


Sebagai pengembang properti yang bertanggung jawab dan                   As a responsible property developer highly concerned with
memiliki kepedulian tinggi terhadap kelestarian lingkungan,              environmental preservation, the Company realizes that every
Perseroan menyadari bahwa setiap kegiatan operasional tidak              operational activity is always tied with environmental impact.
terlepas dari dampak lingkungan. Oleh karena itu, sejak tahun            For this reason, since the year 2015, the Company has enforced
2015 Perseroan telah menjalankan program pemantauan jejak                an eco-footprint monitoring program in all business units that
lingkungan (eco-footprint) di seluruh unit usaha yang mencakup           includes the three main aspects, namely energy, water, and waste
tiga aspek utama, yaitu energi, air, dan pengelolaan limbah.             management.


Pada tahun 2025, Perseroan kembali melakukan pengawasan                  In the year 2025, the Company repeatedly conducted a
menyeluruh di seluruh area operasional terkait penggunaan energi,        comprehensive supervision in all operational areas related to
air, serta pengelolaan limbah. Hasil dari program pemantauan             the use of energy, and water as well as waste management.
tersebut kemudian dimanfaatkan oleh manajemen sebagai dasar              Results from this monitoring program were then utilized by
dalam Menyusun kebijakan yang relevan dan terkini, sehingga              the management as a basis to prepare relevant and up-to-date
Perseroan dapat menerapkan langkah-langkah pengendalian emisi            policies so that the company can implement emission control
serta peningkatan efisiensi energi secara lebih optimal dalam            steps as well as optimally improve energy efficiency in every
setiap kegiatan operasional.                                             operational activity.


Dalam pengembangan produk, Bakrieland secara konsisten                   In product development, Bakrieland consistently integrated
mengintegrasikan kriteria lingkungan ke dalam setiap konsep              environmental criteria into each development concept. This
pengembangan. Komitmen ini tercermin melalui pengembangan                commitment is reflected through the development of JungleSea
JungleSea Kalianda sebagai taman rekreasi tepi pantai yang               Kalianda as a beach-side recreational park that combines the
memadukan elemen alam, ruang terbuka hijau, dan wahana                   elements of nature, open green space, and educative rides;
edukatif; pengembangan Rivera Outbound & Edutainment                     the development of the Rivera Outbound & Edutainment with
dengan Taman Burung berbasis alam yang mendukung edukasi                 a nature-based Bird Park that supports animal education and
dan interaksi satwa; serta kemitraan dengan Athlon dalam                 interaction; as well as the partnership with Athlon in developing
pengembangan fasilitas olahraga dan rekreasi di Sawangan yang            a sports and recreation facilities in Sawangan, which optimizes
mengoptimalkan ruang terbuka, kenyamanan lingkungan, serta               open areas, environmental comfort, and healthy and sustainable
mendorong gaya hidup sehat dan berkelanjutan bagi masyarakat.            lifestyles for the community.


Dalam aspek operasional, Perusahaan memastikan kehadiran                 In operational aspects, the Company ensured that the presence of
usaha memberikan manfaat nyata bagi masyarakat sekitar melalui           its business provides real benefits for the surrounding community
pemberdayaan pelaku UKM, kemitraan dengan perusahaan lokal               through the empowerment of SME actors, partnership with local
dalam rantai pasok, serta pelaksanaan program Tanggung Jawab             companies in the supply chain, as well as the implementation
Sosial Perusahaan (CSR) yang berkelanjutan. Inisiatif tersebut           of a sustainable Corporate Social Responsibility (CSR) program.
mencakup peluncuran program CSR Sedekah Barang bekerja sama              This initiative included the launching of the CSR Giving Goods
dengan BAZNAS dan masjid di kawasan properti Bakrieland Group            program in cooperation with BAZNAS and a mosque in Bakrieland
untuk mendorong kepedulian lingkungan sekaligus mendukung                Group property areas to endorse environmental concern as well
UMKM, penerapan standar vendor pengelolaan sampah ramah                  as support MSMEs, and the implementation of environmentally
lingkungan di Jakarta dan Yogyakarta, serta penguatan kemitraan          friendly waste management vendor standards in Jakarta and
dengan Taruna Kompos di Bogor Nirwana Residence melalui hibah            Yogyakarta, as well as the strengthening of partnerships with
mesin pengolahan sampah organik menjadi pupuk.                           Compost Taruna at Bogor Nirwana Residence through the
                                                                         granting of a machine for processing organic waste into fertilizer.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      KINERJA EKONOMI                                                     ECONOMIC PERFORMANCE
      Informasi mengenai kinerja ekonomi Perseroan telah diungkapkan      Information on the Company’s economic performance is
      pada Bab Analisis dan Pembahasan Manajemen dalam Laporan            presented in the Chapter on Management Analysis and Discussion
      Tahunan 2025.                                                       in this 2025 Annual Report.


      KINERJA LINGKUNGAN HIDUP                                            ENVIRONMENTAL PERFORMANCE
      Dalam menjalankan pengembangan usaha di sektor properti,            In conducting business development in the property sector, the
      Perseroan memberikan perhatian yang serius terhadap aspek           Company pays serious attention to the environmental aspect.
      lingkungan hidup. Hal ini didasari oleh kesadaran bahwa kegiatan    This is based on the awareness that the Company’s operational
      operasional Perseroan menimbulkan dampak lingkungan, baik           activities generate environmental impact, both directly as well as
      secara langsung maupun tidak langsung, di wilayah operasional.      indirectly, on the operational areas. On this basis, the Company
      Atas dasar tersebut, Perseroan secara konsisten berupaya            consistently strives to improve environmental management
      meningkatkan kinerja pengelolaan lingkungan melalui penerapan       performance through the implementation of an integrated
      sistem manajemen lingkungan yang terintegrasi, penguatan            environmental management system, strengthening of energy
      efisiensi energi serta pengendalian emisi, dan penerapan            efficiency as well as emission control, and implementation of
      pengelolaan limbah yang bertanggung jawab guna mencegah             responsible waste management in order to prevent pollution.
      terjadinya pencemaran.


      Didukung oleh kompetensi, kemampuan pelaksanaan, serta              Supported by the competency, implementation capability,
      sumber daya manusia yang berkomitmen, Perseroan mampu               and commitment of the human resources, the Company was
      mengimplementasikan berbagai program lingkungan yang                able to implement various environmental programs that are
      berorientasi pada praktik bisnis yang berkelanjutan dan ramah       oriented towards sustainable and environmentally friendly
      lingkungan. Perseroan meyakini bahwa kelestarian lingkungan         business practices. The Company believes that environmental
      merupakan elemen krusial yang berkontribusi signifikan terhadap     preservation is a crucial element that significantly contributes to
      keberlanjutan dan pertumbuhan usaha Perseroan di masa               the Company’s business sustainability and growth in the future.
      mendatang.


      ASPEK LINGKUNGAN HIDUP                                              ENVIRONMENTAL ASPECT
      KOMITMEN TERHADAP LINGKUNGAN HIDUP                                  COMMITMENT TO THE ENVIRONMENT




      Perseroan meyakini bahwa kepedulian dan tanggung jawab              The Company believes that concern and responsibility towards
      terhadap lingkungan merupakan fondasi utama dalam                   the environment is the main foundation in creating long-term
      menciptakan keberlangsungan usaha jangka panjang. Komitmen          business continuity. This commitment is manifested through
      tersebut diwujudkan melalui penerapan praktik pengembangan          the implementation of responsible property development
      properti yang bertanggung jawab, sebagaimana tercermin dalam        practices, as reflected in the Company’s sustainability pillar on
      pilar keberlanjutan Perseroan di bidang lingkungan, yaitu Hijau     the environment, namely Green Through & Through, which covers
      Secara Menyeluruh (Green Through & Through), yang meliputi          several approaches as follows:
      beberapa pendekatan berikut:




244      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
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                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                                               Kinerja Keberlanjutan
                                                                                                                     Sustainability Performance




Green Architecture                                                      Green Architecture
Perseroan menjalankan konsep ramah lingkungan pada setiap               The Company carries out environmentallyfriendly concepts on
produk properti yang dikembangkan, yang dijadikan sebagai               each property product developed, used as a guideline in preparing
pedoman dalam penyusunan master plan maupun desain produk.              master plans as well as product designs. Implementation of the
Penerapan prinsip Green Architecture meliputi:                          Green Architecture principle includes the following:
1.  Green Area Design, yaitu pengembangan Ruang Terbuka                 1.  Green Area Design, namely the development of Open Green
    Hijau (RTH) yang berfungsi untuk meningkatkan kualitas                  Space that functions to improve air quality and microclimate,
    udara dan iklim mikro, sekaligus berperan sebagai peredam               at the same time as a noise reducer, wind barrier, and
    kebisingan, penahan angin, serta unsur estetika kawasan;                aesthetic element of the area;
2. Green Building and Construction, berupa komitmen                     2. Green Building and Construction, in the form of the Company’s
    Perseroan dalam menghadirkan bangunan yang ramah                        commitment to delivering environmentallyfriendly buildings
    lingkungan sepanjang seluruh tahapan proses konstruksi.                 throughout all stages of the construction process.


Green Operation                                                         Green Operation
Melalui semangat green operation, Perseroan memastikan bahwa            Through the spirit of green operation, the Company ensures that
seluruh aktivitas operasional dijalankan dengan memperhatikan           all operational activities are carried out by taking into account
kelestarian lingkungan. Untuk mendukung hal tersebut, Perseroan         environmental preservation. To support this, the Company
secara konsisten menerapkan prinsip 3R dalam pengelolaan                consistently applies the 3R principles in waste management,
limbah, yaitu Reduce (mengurangi), Reuse (menggunakan                   namely Reduce, Reuse and Recycle.
kembali), dan Recycle (mendaur ulang).


Green Attitude                                                          Green Attitude
Perseroan mendorong keterlibatan aktif seluruh karyawan,                The Company encourages the active engagement of all
pengunjung, penghuni, penyewa, serta masyarakat sekitar dalam           employees, visitors, residents, tenants, and the surrounding
berbagai program lingkungan yang diadakan Perseroan, seperti            committee in various environmental programs held by the
kegiatan penanaman pohon, kerja bakti kebersihan lingkungan,            Company, such as tree planting events, community service
serta program lingkungan dan sosial lainnya yang dilaksanakan           to clean the environment, and other environmental and social
secara berkelanjutan. Sepanjang tahun 2025, Perseroan                   programs continually organized. Throughout the year 2025, the
melanjutkan program keberlanjutan yang telah berjalan dalam             Company continued with sustainability programs that have been
beberapa tahun terakhir.                                                held in the past few years.


Penggunaan Material Ramah Lingkungan                                    The Use of Environmentally Friendly Materials
Dalam setiap pengembangan properti maupun pelaksanaan                   In each property development and new project implementation,
proyek baru, Perseroan terus mengupayakan penerapan praktik             the Company continues to strive to implement environmentally
ramah lingkungan dengan menjadikan kriteria hijau, termasuk             friendly practices by making green criteria, including the use
penggunaan material yang ramah lingkungan, sebagai salah                of eco-friendly materials, as one of the main requirements in
satu persyaratan utama dalam perencanaan dan pelaksanaan                planning and implementing development. One of the Company’s
pembangunan. Salah satu proyek Perseroan, yaitu Bakrie Tower,           projects, namely the Bakrie Tower, has even passed the green
bahkan telah melalui proses sertifikasi bangunan hijau oleh             building certification process by an independent Green Building
lembaga independen Green Building Council Indonesia (GBCI)              Council Indonesia (GBCI) and successfully obtained certification
dan berhasil memperoleh sertifikat dengan peringkat Gold.               with a Gold rating.


Pemanfaatan Energi Secara Optimal untuk Menekan Emisi                   Optimal Utilization of Energy to Reduce Emission
Dengan mempertimbangkan bahwa Perseroan saat ini belum                  With consideration that the Company is currently not fully
sepenuhnya memanfaatkan sumber energi terbarukan, berbagai              utilizing renewable energy sources, various steps of energy saving
langkah penghematan energi telah diterapkan secara efektif dan          have been applied effectively and efficiently in order to press
efisien guna menekan emisi Gas Rumah Kaca (GRK) serta emisi             Green House Effect emissions as well as the Ozone Depleting
zat perusak ozon (Ozone Depleting Substance/ODS) yang berasal           Substance (ODS) generated from operational activities. Such
dari kegiatan operasional. Upaya tersebut antara lain meliputi:         efforts, among others, include the following:




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           Kilas Kinerja        Laporan Manajemen            Profil Perusahaan                Unit Pendukung Bisnis
       Performance Highlights    Management Report             Company Profile                  Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      1.    Penerapan kebijakan efisiensi energi, seperti penggunaan                 1.   Implementation of energysaving policies, such as the use of
            fasilitas penerangan hanya saat diperlukan, serta pemasangan                  lighting facilities only when necessary, and the installation
            media edukasi hemat energi di area kantor dan operasional                     of energy-saving education media in office and operational
            untuk meningkatkan kesadaran serta membangun perilaku                         areas to increase awareness as well as build environmentally
            ramah lingkungan;                                                             friendly behavior;
      2.    Penggunaan peralatan listrik dan elektronik yang memiliki                2.   The use of electrical and electronic equipment with a high
            tingkat efisiensi energi tinggi;                                              energy efficiency level;
      3.    Pengendalian penggunaan kendaraan operasional secara                     3.   Control the use of operational vehicles more carefully in
            cermat guna menghemat konsumsi bahan bakar; dan                               order to save gas consumption; and
      4.    Pemanfaatan gas secara tepat guna dan efisien.                           4.   Appropriate and efficient utilization of gas.


      Sebagai bagian dari upaya pemantauan, Perseroan secara rutin                   As part of monitoring efforts, the Company regularly calculates
      melakukan penghitungan konsumsi energi listrik maupun energi                   electrical energy as well as other energy consumption in individual
      lainnya pada masing-masing proyek dan mengakumulasikannya                      projects and accumulates them for the year. Such data is used to
      selama setahun. Data tersebut digunakan untuk menilai tingkat                  evaluate the level of energy consumption.
      konsumsi energi.


                                                                     Total Konsumsi                                        Emisi CO2 Dihasilkan
                                                                   Total Consumption                                      CO2 Emission Generated
                                                                                                Faktor
       Sumber Energi Listrik     Satuan                                                        Konsumsi
          Energy Source           Unit                                                          karbon
                                               2025              2024             2023                                  2025      2024          2023
                                                                                                Carbon
                                                                                              Consumption
                                                                                                 Factor
       Listrik | Electricity      kWh       54,003,943 50,749,092                55,233,971                 0.45 24,057,676 22,607,705 24,605,629
       Bensin | Fuel              Liter          22,495              7,262          23,287                   2.21        10,021      3,235         51,567
       Solar | Diesel Fuel        Liter          20,938             18,871          24,110                  2.60          9,328      8,407       62,707
       Gas | Gas                  kWh                7,478          5,245            5,942                  0.18          1,376       965          1,094
       Total Emisi Karbon Dihasilkan (KGCO2eq)
                                                                                                                    24,078,401 22,620,312 24,720,997
       Total Carbon Emission Generated (KG CO2 eq)


      Pada tahun 2025, energi listrik masih menjadi sumber energi                    In the year 2025, electrical energy remains the energy source with
      dengan tingkat konsumsi tertinggi di Perseroan. Kondisi ini                    the highest consumption level in the Company. This condition
      dipengaruhi oleh meningkatnya jumlah pengunjung dan tamu pada                  was affected by the increase in total visitors and guests on
      portofolio properti dengan pendapatan berulang milik Perseroan.                the property portfolio and the Company’s recurring income.
      Sementara itu, konsumsi bahan bakar solar tercatat sebesar 9.328               Meanwhile, diesel fuel consumption was recorded at 9.328 liters,
      liter yang digunakan untuk menunjang kegiatan operasional.                     used to support operational activities. While the use of fuel for
      Adapun penggunaan bensin untuk kendaraan operasional dan                       operational vehicles and sales activities reached 10.021 liters until
      aktivitas penjualan mencapai 10.021 liter hingga akhir tahun 2025.             the end of the year 2025. Overall, the Company’s total energy
      Secara keseluruhan, total pemakaian energi Perseroan pada tahun                consumption in 2025 generated carbon dioxide (Co2) emissions
      2025 menghasilkan estimasi emisi karbon dioksida (CO₂) sebesar                 estimated of 24,720,997 kgCO2 equivalent, indicating around 9%
      24,720,997 KgCO₂ ekuivalen, yang menunjukkan penurunan                         compared to the previous year of 22.620.312 kgCO2 equivalent.
      sekitar 9% dibandingkan tahun sebelumnya yang mencapai
      22,620,312 KgCO₂ ekuivalen.




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Page 249
                                                                              Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                      Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance                    Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                  Kinerja Keberlanjutan
                                                                                                                         Sustainability Performance




Efisiensi Air                                                            Water Efficiency
Air merupakan kebutuhan esensial yang tidak terpisahkan dari             Water is an essential need inseparable from the daily operational
aktivitas operasional sehari-hari. Untuk memenuhi kebutuhan air          activities. To meet the need for water by business units, the
bagi unit usaha, masyarakat sekitar, pengunjung, serta penyewa,          surrounding community, visitors as well as tenants, the Company
Perseroan memanfaatkan tiga sumber utama, yaitu pasokan air              utilizes three main sources, namely a clean water supply from
bersih dari pihak ketiga melalui Perusahaan Daerah Air Minum             a third party through the Regional Drinking Water Company
(PDAM), air hasil pengolahan dari Wastewater Treatment Plant             (PDAM), processed water from the Wastewater Treatment Plant
(WWTP) dan Sewage Treatment Plant (STP), serta air yang berasal          (WWTP) and Sewage Treatment Plant (STP), as well as water from
dari sistem penampungan air hujan.                                       the rainwater harvesting system.


Dalam pelaksanaan operasional, Perseroan secara konsisten                In performing operations, the Company consistently carries
menjalankan berbagai upaya pengelolaan air secara efisien, antara        out various efforts to manage water efficiently, among others,
lain melalui pemeriksaan rutin terhadap kondisi keran, shower,           through routine inspection of water tap conditions, showers,
toilet, serta meter air. Langkah ini dilakukan untuk memastikan          toilets, and water meters. This step is done to ensure potential
potensi kerusakan atau kebocoran pipa dapat segera ditangani.            pipe damage or leaks can be addressed promptly. Compared
Dibandingkan tahun lalu, konsumsi air menunjukkan peningkatan            to the previous year, water consumption increased in line with
seiring dengan bertambahnya jumlah pengunjung dan tamu pada              the growing number of visitors and guests at the Company’s
properti Perseroan yang menghasilkan pendapatan berulang.                properties, which generated recurring revenues.


                                                                             Volume Konsumsi air (liter)
                 Sumber Air                                                Water Consumption Volume (liter)
                Water Source                                        % Perubahan                                  % Perubahan
                                                 2025                                        2024                                       2023
                                                                     % change                                     % change
Air Kelolaan Pihak ketiga                       263,269,459                    (3)         270,817,688                    8           249,789,400
Third Party Managed Water
Olahan WWTP dan STP                               11,271,070                  N/A                          0             NA            15,374,400
WWTP and STP Processed
Air dari Fasilitas Penampungan Air               63,078,200                   367            13,500,000                 (84)           82,856,200
Water from Rainwater Harvesting System
Jumlah
                                                337,618,729                     19         284,317,688                  (18)         348,020,000
Total



Selain menumbuhkan budaya penggunaan air bersih secara bijak             Aside from fostering a culture of wise use of clean water among
di kalangan karyawan, Perseroan juga menerapkan pengelolaan              employees, the Company also implements sustainable water
air yang berkelanjutan melalui pemanfaatan sistem Sewage                 management through utilization of the Sewage Treatment Plan
Treatment Plant (STP). Melalui sistem ini, Perseroan memastikan          (STP) system. Through this system, the Company ensures that
bahwa limbah cair hasil kegiatan operasional telah diproses              water waste generated from operational activities is processed
dan disaring secara optimal sehingga memenuhi baku mutu air              and filtered optimally to meet water quality standards in
sesuai dengan ketentuan Peraturan Menteri Lingkungan Hidup               accordance with the provisions of the Regulation of the Minister
dan Kehutanan (Permen LHK) Nomor 68 Tahun 2016. Dengan                   of Environment and Forestry No. 68 of the Year 2016. Thus,
demikian, air limbah yang dialirkan ke saluran pembuangan kota           waste water drained into the city sewage doesn’t generate
tidak menimbulkan pencemaran lingkungan dan aman bagi                    environmental pollution and is safe for public health.
kesehatan masyarakat.




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         Kilas Kinerja         Laporan Manajemen        Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights     Management Report        Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Perseroan turut melakukan pemantauan yang ketat terhadap              The Company takes part in strict monitoring of water consumption
      konsumsi air serta mengoptimalkan berbagai inisiatif daur ulang       as well as optimizing various initiatives in water recycling to meet
      air untuk memenuhi kebutuhan operasional dan mendukung                operational requirements and support the water conservation
      program konservasi air. Program ini bertujuan untuk memastikan        program. This program aims to ensure that water usage is
      penggunaan air dilakukan secara bertanggung jawab.                    conducted responsibly. Its implementation is done through three
      Implementasinya diwujudkan melalui tiga kegiatan utama, yaitu         main activities, namely domestic liquid waste treatment using an
      pengolahan limbah cair domestik menggunakan sistem biofilter          anaerobic-aerobic biofilter system (grey wastewater treatment),
      anaerob-aerob (gray wastewater treatment), pengolahan limbah          black wastewater treatment with a biological septic tank, as well
      hitam (black wastewater treatment) dengan septic tank biologis,       as water conservation efforts through the construction of bio-
      serta upaya konservasi air melalui pembangunan lubang biopori,        pore holes, infiltration ponds, and canal revitalization, as has been
      kolam resapan, dan revitalisasi kanal, seperti yang telah dilakukan   done in the Rasuna Epicentrum area on the Cideng River.
      di kawasan Rasuna Epicentrum pada Sungai Cideng.


      Pelestarian Keanekaragaman Hayati                                     Biodiversity Preservation
      Upaya konservasi alam dan perlindungan keanekaragaman                 Natural conservation and biodiversity protection efforts are
      hayati merupakan bagian integral dari komitmen Perseroan              integral parts of the Company’s commitment to maintaining
      dalam menjaga keseimbangan ekosistem di seluruh wilayah               the ecosystem’s balance in all operational areas. The Company
      operasional. Perseroan memandang kelestarian keanekaragaman           views biodiversity conservation as a valuable asset with long-
      hayati sebagai aset berharga yang memiliki nilai jangka panjang       term value for future generations. In addition, the integration
      bagi generasi mendatang. Selain itu, integrasi aspek lingkungan       of the environmental aspect into business activities is believed
      ke dalam aktivitas bisnis diyakini dapat memberikan nilai tambah      to be able to provide added value for the Company’s business
      bagi keberlanjutan usaha Perseroan.                                   sustainability.


      Flora                                                                 Flora
      Perseroan berkomitmen untuk mempertahankan kawasan                    The Company is committed to maintaining Business Units’
      operasional Unit Usaha agar tetap hijau dan nyaman. Di kawasan        operational areas to remain green and pleasant. At the Kalianda
      Kalianda Nirwana Resort, Perseroan menjaga kelestarian hutan          Nirwana Resort, the Company maintains a mangrove forest
      bakau (mangrove) seluas 35 hektar yang berperan penting dalam         conservation, spread over 35 hectares, that plays an important
      menghasilkan oksigen dan menyerap polutan. Selain itu, Perseroan      role in generating oxygen and absorbing pollutants. Additionally,
      secara konsisten melakukan penanaman pohon, khususnya pohon           the Company consistently plants trees, especially rain trees
      Trembesi, yang berfungsi sebagai peneduh sekaligus penyerap           (trembesi), which function as shade and carbon absorbers. Until
      karbon. Hingga akhir tahun 2025, total pohon yang telah ditanam       the end of the year 2025, the total number of trees planted
      mencapai 82,899 pohon.                                                reached 82.899.


      Perseroan juga mengelola fasilitas pembibitan (nursery) untuk         The Company also manages nursery facilities for plant care,
      perawatan tanaman, pengembangan jenis dan varietas tanaman,           development of plant types and varieties, and replacement of
      penggantian tanaman yang mati, serta penyediaan tanaman bagi          dead plants, as well as providing plants for parks, mini gardens,
      taman, mini garden, dan pemeliharaan vegetasi di Ruang Terbuka        and maintenance of vegetation in Open Green Space in each
      Hijau (RTH) pada setiap proyek properti.                              property project.


      Sepanjang tahun 2025, Perseroan mengalokasikan dana sebesar           During the year 2025, the Company allocated Rp213,788,888 of
      Rp213.788.888 untuk pengelolaan seluruh fasilitas pembibitan          funds for the management of all nursery facilities.
      tersebut.


      Fauna                                                                 Fauna
      Sebagai bentuk komitmen terhadap konservasi fauna, Perseroan          As a form of commitment towards fauna conservation, the
      memelihara berbagai jenis satwa di area properti, antara lain         Company takes care of various types of animals in the property
      ikan, burung, serta mamalia seperti rusa, dengan tetap mematuhi       areas, including fish, birds, and mammals such as deer, while still
      peraturan perundang-undangan yang berlaku. Pada tahun 2025,           complying with applicable laws and regulations. In 2025, the




248       PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 251
                                                                              Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                         Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                         Good Corporate Governance                  Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                                                 Kinerja Keberlanjutan
                                                                                                                       Sustainability Performance




Rivera Outbound & Edutainment (Rivera Bogor), sebagai taman              Rivera Outbound & Edutainment (Rivera Bogor), as the Company’s
rekreasi terbaru Perseroan, terus mengembangkan aktivitas                new recreational park, continued to develop activities that focus
yang berfokus pada eco-education guna mendukung kebutuhan                on eco-education in order to support the educational needs of
edukasi keluarga, khususnya dalam menanamkan kesadaran                   families, specifically in fostering environmental awareness in the
lingkungan kepada anak-anak.                                             children.


Sebagai bagian dari program tersebut, Rivera Bogor telah                 As part of the program, Rivera Bogor presented a Timor deer
menghadirkan penangkaran rusa timor, kolam ikan endemik                  breeding center, an Indonesian and foreign endemic fish pond,
Indonesia dan mancanegara, serta taman kelinci. Di tahun 2025,           and a rabbit park. In the year 2025, Rivera Bogor added a new
Rivera Bogor menambah wahan baru berupa taman burung yang                attraction site, a bird and reptile park. The plan was to increase the
disertai juga reptilia. Rencananya koleksi ragam satwa burung dan        collection of various birds and reptiles to enhance the experience
reptil akan ditingkatkan untuk menambah pengalaman pelanggan             of the recreational park’s customers.
taman rekreasi tersebut.


Pengelolaan Limbah                                                       Waste Management
Dalam menjalankan kegiatan operasional sehari-hari, Perseroan            In performing daily operational activities, the Company generates
menghasilkan dua jenis limbah, yaitu limbah padat dan limbah cair.       two types of waste, namely solid waste and liquid waste. Solid
Pengelolaan limbah padat dilakukan secara tepat sesuai dengan            waste management is appropriately done in accordance with the
karakteristik masing-masing jenis limbah, sementara limbah cair          characteristics of each type of waste, meanwhile liquid waste is
dikelola dengan mengoptimalkan penggunaan sistem STP.                    processed by optimizing the use of STP system.


Untuk memastikan efektivitas penerapan manajemen limbah,                 To ensure the effectiveness of waste management, the Company
Perseroan secara aktif melakukan sosialisasi dan membangun               actively carries out socialization and development of the property
kesadaran para penghuni properti agar turut berperan dalam               residents’ awareness so as to take part in managing waste
pengelolaan sampah secara bertanggung jawab melalui penerapan            responsibly through the 3R method. In addition, the Company
metode 3R. Selain itu, Perseroan juga menjalin kerja sama dengan         also consistently works together with various institutions to
berbagai institusi yang secara konsisten menerapkan prinsip 3R           implement the 3R principles in their activities.
dalam aktivitasnya.


Sejalan dengan kebijakan tersebut, Perseroan melakukan pemilahan         In line with such policy, the Company carries out waste sorting
sampah ke dalam empat kategori, yaitu sampah umum, sampah                into four categories, namely general waste, paper waste, plastic
kertas, sampah plastik, dan sampah logam. Hasil pengolahan               waste, and metal waste. Results generated from waste processing
sampah diharapkan dapat memberikan manfaat ekonomi, baik bagi            are expected to give economic benefit, both for the Company as
Perseroan maupun masyarakat sekitar, seperti melalui produksi            well as the surrounding community, such as through compost as
kompos serta proses daur ulang sampah plastik dan logam.                 well as plastic and metal waste recycling processes.


Kegiatan pemilahan sampah ini dilaksanakan dengan melibatkan             Such waste sorting activities are carried out by engaging long-
mitra kerja yang telah lama bekerja sama dengan Perseroan,               time work partners that have worked together with the Company,
antara lain Karang Taruna Mulyaharja di kawasan Bogor Nirwana            among others including Karang Taruna Mulyaharja in Bogor
Residence serta Provices Indonesia yang mengelola pusat                  Nirwana Residence and Provices Indonesia responsible for
perbelanjaan di kawasan Rasuna Epicentrum dengan dukungan                managing a shopping centre in the Rasuna Epicentrum area with
bank sampah setempat.                                                    the support of a local waste bank.


Perseroan mencatatkan penambahan timbunan limbah padat                   The Company recorded an increase in solid waste accumulation
pada tahun 2025 sebesar 641,919 kg dari sebelumnya 548,171               in 2025 of 641,919 kg from the previous 548,171 kg due to
kg akibat meningkatnya pengunjung pada Unit Usaha Perseroan.             increased visitors to the Company’s Business Units. Throughout
Sepanjang periode pelaporan, Perseroan tidak menghasilkan                the reporting period, the Company did not generate waste
limbah Bahan Berbahaya dan Beracun (B3) serta tidak terdapat             of Hazardous and Toxic Materials (B3), and there were no spill
insiden tumpahan yang terjadi di area operasional sebagai akibat         incidents that occurred in the operational areas due to the
dari kegiatan operasional Perseroan.                                     Company’s operational activities.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Sebagai bagian dari upaya peningkatan kinerja pengelolaan            As part of the efforts to improve waste management
      limbah, pada tahun 2025 Perseroan melakukan revitalisasi             performance, in 2025 the Company conducted revitalization
      peralatan pengolahan sampah organik menjadi pupuk di fasilitas       of the organic waste into fertilizer processing equipment at
      Taruna Kompos Bogor. Inisiatif ini bertujuan untuk meningkatkan      the Bogor Compost Taruna facilities. This initiative aimed at
      efektivitas pengolahan limbah organik sekaligus memberikan           increasing the effectiveness of organic waste processing and at
      dampak sosial berupa peningkatan pendapatan bagi 13 (tiga belas)     the same time provided social impact in the form of increased
      orang masyarakat sekitar yang terlibat dalam operasional fasilitas   income for 13 (thirteen) residents of the surrounding community
      tersebut. Tidak hanya itu, Perseroan melakukan standarisasi          involved in operating the facilities. Not only that, the Company
      vendor pengelolaan sampah yang ramah lingkungan di Jakarta           conducted standardization of environmentally friendly waste
      dan Yogyakarta dengan bermitra pada vendor yang sesuai kriteria      management vendors in Jakarta and Yogyakarta by partnering
      yang diinginkan.                                                     with vendors that meet the desired criteria.


      Kriteria Lingkungan dalam Seleksi dan Evaluasi Pemasok               Environmental Criteria in the Selection and Evaluation of
                                                                           Suppliers
      Perseroan telah mengintegrasikan aspek lingkungan ke dalam           The Company integrates the environmental aspect into the
      kebijakan dan prosedur seleksi serta evaluasi pemasok di seluruh     policy and procedure in selecting and evaluating suppliers in
      unit usaha. Dalam proses penetapan pemasok, Perseroan                all business units. In the process of determining suppliers, the
      melakukan penilaian terhadap penerapan sistem manajemen              Company conducts evaluations on the implementation of the
      lingkungan yang dimiliki pemasok, baik yang mengacu pada             environmental management system of the suppliers, which refers
      standar nasional maupun internasional.                               to both the national as well as international standards.


      Selain itu, seluruh pemasok yang menjalankan kegiatan atas           Additionally, all suppliers that perform activities on behalf of the
      nama Perseroan atau beroperasi di wilayah operasional Perseroan      Company or that operate within the Company’s operational areas
      diwajibkan untuk mematuhi standar operasional prosedur terkait       are required to comply with the standard operating procedures
      pengelolaan lingkungan hidup. Ketentuan tersebut mencakup            related to environmental management. These provisions include
      kewajiban pemantauan kinerja lingkungan, antara lain penggunaan      the obligation to monitor environmental performance, including
      energi, air, dan pengelolaan limbah, sesuai dengan kebijakan yang    the use of energy, water, and waste management, in accordance
      berlaku di masing-masing unit usaha Perseroan.                       with the policies applicable in each of the company’s business units.


      Hingga akhir tahun 2025, Perseroan bekerja sama dengan 555           Until the end of the year 2025, the Company worked together
      pemasok, di mana lebih dari 86% di antaranya telah menerapkan        with 555 suppliers, where more than 86% of them have applied
      standar manajemen lingkungan sesuai dengan ketentuan nasional        environmental management standards in accordance with
      maupun internasional.                                                national and international provisions.


      Mekanisme Pengaduan Lingkungan                                       Mechanism for Complaints on Environmental Issues
      Perseroan menyediakan mekanisme pengaduan bagi masyarakat            The Company provides the mechanism for the public to submit
      untuk menyampaikan keluhan atau laporan terkait dampak               complaints or reports related to environmental impact caused by
      lingkungan yang timbul dari aktivitas operasional Perseroan.         the Company’s operational activities. This complaint mechanism
      Mekanisme pengaduan tersebut dapat diakses melalui kantor            may be accessed through the Estate Management office available
      Estate Management yang tersedia di setiap kawasan operasional.       in each operational area.


      Sepanjang tahun 2025, Perseroan tidak menerima pengaduan             Throughout the year 2025, the Company did not receive any
      resmi terkait dampak lingkungan dari aktivitas bisnis Perseroan,     official complaint related to environmental impact arising from
      serta tidak dikenakan sanksi administratif maupun denda atas         the Company’s business activities and was not imposed by
      pelanggaran lingkungan.                                              administrative sanction or penalty over environmental violation.




250      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 253
                                                                               Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                          Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                          Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                                                 Kinerja Keberlanjutan
                                                                                                                       Sustainability Performance




Biaya Lingkungan Hidup                                                    Environmental Expenses
Dalam rangka penerapan pilar Hijau Secara Menyeluruh (Green               In the context of implementing the Green Through & Through
Through & Through), Perseroan mengalokasikan biaya lingkungan             pillar, the Company allocated an environmental budget used to
hidup yang digunakan untuk mendukung pengelolaan energi dan               support energy and water management, waste management,
air, pengelolaan limbah, pemeliharaan infrastruktur lingkungan            maintenance of environmental infrastructure such as rainwater
seperti fasilitas penampungan air hujan, Sewage Treatment                 harvesting facilities, Sewage Treatment Plant (STP), and
Plant (STP), dan Wastewater Treatment Plant (WWTP), serta                 Wastewater Treatment Plants (WWTP), as well as implementing
pelaksanaan program penghijauan di seluruh area operasional               greening programs throughout the Company’s operational areas.
Perseroan.


Pada tahun 2025, biaya lingkungan hidup tercatat sebesar                  In 2025, expenses for environmental management are recorded
Rp43,5 milyar mengalami peningkatan dibandingkan tahun 2024               at Rp43, billion, an increase compared to Rp35.8 billion in 2024.
yang sebesar Rp35,8 miliar.



ASPEK KETENAGAKERJAAN MEMBANGUN SDM                                       MANPOWER ASPECT DEVELOPING HUMAN
UNGGUL DAN MENCIPTAKAN TEMPAT KERJA                                       RESOURCE OF EXCELLENCE AND CREATING
YANG INKLUSIF, AMAN, DAN NYAMAN                                           INCLUSIVE, SAFE AND PLEASANT WORK PLACE




Kesetaraan Kesempatan Kerja                                               Equality in Employment Opportunity
Perseroan berkomitmen menciptakan lingkungan kerja yang                   The Company is committed to creating a work environment
inklusif, menghargai keberagaman, dan bebas dari segala bentuk            that is inclusive, respects diversity, and is free from any form of
diskriminasi. Komitmen tersebut tercermin dalam penerapan                 discrimination. This commitment is reflected in the sustainable
prinsip kesetaraan kesempatan kerja sejak tahap rekrutmen                 implementation of equality in work opportunity from the start
hingga pengelolaan sumber daya manusia secara berkelanjutan.              of recruitment to human resource management. The Company
Perseroan memberikan kesempatan yang setara kepada seluruh                provides equal opportunity to all employee candidates and
calon karyawan dan karyawan tanpa membedakan latar belakang               existing employees without prejudice to ethnicity, religious and
suku, agama, ras, maupun gender.                                          racial background, or gender.


Seluruh proses seleksi dan pengelolaan karier karyawan                    All selection processess and employee career management are
dilaksanakan secara transparan dan profesional, dengan                    carried out in a transparent and professional manner by putting
mengedepankan penilaian dan pengambilan keputusan yang                    forward objective evaluation and decision-making based on
objektif berdasarkan kualifikasi, kompetensi, dan kinerja. Perseroan      qualification, competency and performance. The Company
juga memastikan setiap karyawan memiliki kesempatan yang sama             also ensures that each employee has the same opportunity to
untuk mengembangkan karier serta memperoleh akses pelatihan               develop a career as well as receive access to training according
sesuai kebutuhan pengembangan individu dan organisasi tanpa               to individual and organizational development needs without
diskriminasi. Perseroan meyakini bahwa keberagaman dipandang              discrimination. The Company believes that diversity is viewed as
sebagai kekuatan strategis dalam mendukung pertumbuhan                    a strategic strength in supporting the Company’s and Business
Perseroan dan Unit Usaha secara berkelanjutan.                            Units’ sustainable growth




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Tenaga Kerja Anak dan Tenaga Kerja Paksa                             Child Labor and Forced Labor
      Sejak didirikan hingga saat ini, Perseroan tidak pernah              Since its establishment to date, the Company has never employed
      mempekerjakan tenaga kerja anak maupun menerapkan praktik            underage workers nor conducted forced labor practices. The
      kerja paksa. Perseroan menerapkan kebijakan rekrutmen dengan         Company implements the recruitment policy with a minimum age
      batas usia minimal 18 (delapan belas) tahun sesuai dengan            of 18 (eighteen) years in accordance with manpower regulations
      peraturan perundang-undangan ketenagakerjaan yang berlaku di         and laws applicable in Indonesia.
      Indonesia.


      Ketentuan mengenai jam kerja, hak, dan kewajiban karyawan            Provisions on working hours, the rights and obligations of
      diatur secara jelas dalam Peraturan Perusahaan PT Bakrieland         employees are clearly stipulated in the Company Regulations
      Development Tbk yang telah disosialisasikan kepada seluruh           of PT Bakrieland Development Tbk which has been socialized to
      karyawan. Untuk memastikan pemahaman yang memadai dan                all employees. To ensure adequate understanding and prevent
      mencegah terjadinya kesalahpahaman, setiap karyawan diwajibkan       misunderstanding, each employee is obligated to read and agree
      membaca dan menyetujui Peraturan Perusahaan sebagai bentuk           with the Company Regulations as a form of mutual commitment
      komitmen bersama atas pelaksanaan hak dan kewajiban.                 on the implementation rights and obligations.


      Remunerasi yang Adil dan Kompetitif                                  Fair and Competitive Remuneration
      Perseroan menerapkan kebijakan remunerasi yang adil, kompetitif,     The Company implements a remuneration policy that is fair,
      dan sesuai dengan ketentuan peraturan perundang-undangan             competitive, and in accordance with provisions of applicable
      yang berlaku, termasuk ketentuan Upah Minimum Regional               regulations, including the provision on Regional Minimum Wage
      (UMR). Skema remunerasi Perseroan mencakup gaji pokok,               (UMR). The Company’s remuneration scheme includes basic salary,
      bonus tahunan, cuti, uang makan, tunjangan hari raya keagamaan,      annual bonus, leave, and allowances such as for meals, religious
      pengobatan, akomodasi, perumahan, lembur, jaminan hari tua,          holidays, medical, accommodation, housing, and overtime, as
      serta manfaat lainnya. Selain memberikan remunerasi, Perseroan       well as pension and other benefits. Aside from remuneration,
      juga menyediakan fasilitas dan manfaat non-tunai bagi karyawan,      the Company also provides facilities and non-cash benefits for
      yang jenis dan besarannya disesuaikan dengan jenjang jabatan,        employees, of which the type and amount are adjusted to the
      kompetensi, dan kinerja karyawan.                                    position, competency, and performance of the employees.


      Sebagai wujud komitmen terhadap kesetaraan gender dalam              As a form of commitment to equality of gender in remuneration, the
      pengupahan, Perseroan tidak membedakan tingkat remunerasi antara     Company does not differentiate the level of remuneration between
      karyawan laki-laki dan perempuan untuk posisi dan tanggung jawab     male and female employees for equal positions and responsibilities.
      yang setara. Untuk memastikan daya saing remunerasi, Perseroan       To ensure competitiveness in remuneration, the Company periodically
      secara berkala melaksanakan program external salary survey tiap      conducts an external salary survey program every year through an
      tahun melalui lembaga independen guna membandingkan tingkat          independent institution in order to compare the level of remuneration
      remunerasi dengan standar industri, khususnya di sektor properti.    with other industry standards, specifically in the property sector.


      Jaminan Kesehatan dan Keselamatan Kerja                              Occupational Health and Safety Insurance
      Perseroan memberikan perlindungan kesehatan dan keselamatan          The Company provides occupational health and safety protection
      kerja bagi karyawan melalui kepesertaan dalam program Badan          for employees through participation in the Social Security
      Penyelenggara Jaminan Sosial (BPJS), yang meliputi BPJS              Administration (BPJS), consisting of Employment BPJS (Work
      Ketenagakerjaan (Jaminan Kecelakaan Kerja, Jaminan Kematian,         Accident Insurance, Death Insurance and Old Age Insurance) and
      dan Jaminan Hari Tua) serta BPJS Kesehatan yang mencakup             Health BPJS that covers services for outpatient and inpatient. In
      layanan rawat jalan dan rawat inap. Selain itu, Perseroan juga       addition, the Company also provides the Pension Fund Insurance
      menyediakan program Asuransi Tabungan Pensiun bagi karyawan          for permanent employees in accordance with applicable policies.
      tetap sesuai dengan kebijakan yang berlaku.




252      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                www.bakrieland.com
Page 255
                                                                               Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                          Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                          Good Corporate Governance                  Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                  Kinerja Keberlanjutan
                                                                                                                        Sustainability Performance




Pelatihan dan Pengembangan Karyawan                                       Employee Training and Development
Perseroan menyadari bahwa keberhasilan operasional tidak                  The Company realizes that operational success is dependent on
terlepas dari kompetensi dan kapabilitas karyawan dalam merespon          the competency and capability of the employees in responding
dan beradaptasi terhadap berbagai tantangan usaha. Oleh karena            and adapting to various business challenges. For this reason,
itu, Perseroan secara berkelanjutan menyelenggarakan program              the Company continuously holds training and development
pelatihan dan pengembangan, baik dalam bentuk pelatihan teknis            programs, both in the form of technical as well as managerial
maupun pengembangan kompetensi manajerial, yang sebagian                  competency development training, most of which are held in-
besar dilaksanakan secara in-house dan disesuaikan dengan                 house and according to business needs.
kebutuhan bisnis.


Lingkungan Kerja yang Layak dan Aman                                      Proper and Safe Work Environment
Perseroan berkomitmen menyediakan lingkungan kerja yang layak             The Company is committed to providing a proper and safe working
dan aman dengan mengutamakan penerapan Keselamatan dan                    environment by prioritizing the implementation of Occupational
Kesehatan Kerja (K3) di seluruh aktivitas operasional. Kebijakan dan      Health and Safety (OHS) in all operational activities. OHS policies
prosedur K3 disusun dengan mengacu pada UU No. 1 Tahun 1970               and procedures are established with reference to Law No. 1 of
tentang Keselamatan Kerja serta Peraturan Menteri Tenaga Kerja            Year 1970 regarding Occupational Safety as well as to Regulation
No. 5 Tahun 1996 tentang Sistem Manajemen K3, dan berlaku bagi            of the Minister of Manpower No. 5 of Year 1996 regarding the OHS
seluruh Anak Perusahaan dan Unit Usaha dalam merencanakan,                Management System, and are applicable to all Subsidiaries and
menerapkan, serta melakukan pengawasan program dan kinerja                Business Units in planning, implementing as well as supervising
K3.                                                                       OHS programs and performance.


Untuk menekan risiko kecelakaan kerja, Perseroan secara konsisten         To reduce risks of work accidents, the Company consistently
mensosialisasikan budaya K3 kepada seluruh karyawan dan pihak             conducts socialization on OHS culture to all employees and related
terkait, Inisiatif ini dilakukan untuk memastikan bahwa seluruh           parties. This initiative is carried out to ensure that all operational
kegiatan operasional, prosedur, dan sistem kerja yang diterapkan          activities, procedures, and work systems applied by the Company
Perseroan telah sesuai dengan standar K3 dan dijalankan secara            are in accordance with OHS standards and performed seriously
sungguh-sungguh oleh setiap individu.                                     by each individual.


Perseroan juga menyediakan berbagai fasilitas, peralatan,                 The Company also provides various facilities, equipment, and work
dan perlengkapan kerja yang memenuhi standar K3. Melalui                  supplies that meet OHS standards. By optimally implementing
implementasi K3 yang optimal, Perseroan dan seluruh Unit Usaha            OHS, the Company and all Business Units have proven to have
terbukti dapat memberikan kinerja yang optimal.                           provided optimal performance.


Setiap tahun, Perseroan telah melaksanakan berbagai program               Every year the Company conducts various programs and
dan inisiatif terkait K3 dan Ketengakerjaan sebagai wujud                 initiatives related to OHS and Employment as a manifestation
implementasi dari pilar keberlanjutan “It’s about the People”, di         of the implementation of the sustainability pillar “It’s About the
antaranya:                                                                People”, which include the following:


Komite dan Forum K3                                                       OHS Committee and Forum
Perseroan membentuk komite khusus di setiap Unit Usaha                    The Company formed a special committee in each Business Unit
untuk memastikan penerapan Keselamatan dan Kesehatan Kerja                to ensure that OHS implementation is comprehensively and
(K3) secara komprehensif dan berkelanjutan. Komite tersebut               sustainably carried out. The committee includes the Occupational
mencakup Panitia Pembina Keselamatan dan Kesehatan Kerja                  Health and Safety Development Committee (P2K3) and the
(P2K3) dan Emergency Response Team (ERT) yang melibatkan                  Emergency Response Team (ERT) that engages the management
manajemen hingga Direksi dalam pelaksanaan fungsi kesehatan,              up to the Board of Directors in implementing the health, safety,
keselamatan, dan perlindungan lingkungan kerja.                           and environmental protection at work.




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report        Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Pembentukan komite dan forum K3 bertujuan untuk                      The formation of the OHS committee and forum aims at
      meminimalkan risiko kerja di seluruh wilayah operasional. Dalam      minimizing work risks in all operational areas. In support of
      mendukung pencapaian kinerja K3 yang optimal, Perseroan secara       achieving optimal OHS performance, the Company consistently
      konsisten menjadikan isu K3 sebagai agenda pembahasan rutin          places OHS issues as a routine discussion agenda in various
      dalam berbagai forum pertemuan internal maupun eksternal.            internal and external meeting forums.



      Fokus Program K3, Implementasi, dan Pencapaian                       OHS Program Focus, Implementation and Achievement
      Perseroan melakukan identifikasi dan klasifikasi terhadap jenis      The Company conducts identification and classification of the
      pekerjaan yang memiliki potensi risiko, serta secara berkala         types of work with potential risks, as well as periodical reviews of
      meninjau standar operasional, petunjuk kerja, kriteria audit, dan    operational standards, work guidelines, audit criteria and training
      program pelatihan. Program K3 difokuskan pada empat aspek            programs. The OHS program is focused on four main aspects,
      utama, yaitu proses, material, tenaga kerja, dan peralatan, guna     namely process, material, manpower, and equipment, in order to
      mendukung kinerja operasional yang aman dan andal dengan             reinforce operational performance that is safe and reliable with a
      target zero accident.                                                zero-accident target.


      Di tingkat Unit Usaha, Perseroan secara konsisten melaksanakan       At the Business Unit level, the Company consistently carries
      berbagai inisiatif K3, antara lain simulasi evakuasi kebakaran dan   out various OHS initiatives, among others, fire and earthquake
      gempa bumi, inspeksi rutin Alat Pemadam Api Ringan (APAR),           evacuation simulation, and routine inspection of Light Fire
      serta pengelolaan keselamatan untuk penggunaan fasilitas dan         Extinguisher (APAR), as well as safety management for utilization
      peralatan properti.                                                  of property facilities and equipment.


      Ketersediaan Alat Pelindung Diri (APD)                               Availability of Personal Protective Equipment (PPE)
      Sebagai bagian dari upaya menciptakan lingkungan kerja yang          As part of the effort to create a safe work environment, the
      aman, Perseroan memastikan ketersediaan Alat Pelindung Diri          Company ensures the availability of Personal Protective
      (APD) yang memadai di seluruh Unit Usaha. Perseroan mewajibkan       Equipment (PPE) is adequate in all Business Units. The Company
      penggunaan APD bagi seluruh karyawan yang bekerja di area            requires the use of PPE for all employees working in operational
      operasional sesuai dengan standar nasional dan internasional         areas in accordance with applicable national and international
      yang berlaku. Perseroan juga menjamin hak karyawan untuk             standards. The Company also guarantees the rights of the
      menolak pelaksanaan pekerjaan apabila persyaratan kesehatan          employees to refuse to carry out work if occupational health and
      dan keselamatan kerja tidak terpenuhi, termasuk dalam hal            safety requirements are not met, including when required PPE is
      ketidaktersediaan APD yang dipersyaratkan.                           not available.


      Sepanjang tahun 2025, masing-masing Unit Usaha menunjukkan           Throughout the year 2025, each Business Unit showed strong
      komitmen yang kuat dalam menerapkan pilar keberlanjutan di           commitment in applying the sustainability pillar concerning
      bidang K3 melalui pelaksanaan berbagai program dan kegiatan          OHS through the implementation of various programs and
      yang mendukung terciptanya lingkungan kerja yang aman                activities that supported the creation of a safe and healthy work
      dan sehat. Perseroan mewajibkan pelaporan setiap kejadian            environment. The Company requires the reporting of each
      kecelakaan kerja di seluruh area operasional sebagai bagian dari     work accident in all operational areas as part of the risk control
      sistem pengendalian risiko. Perseroan bekerja sama dengan            system. The Company works together with a medical institution
      institusi kesehatan di sekitar area properti serta menyediakan       around the property area and provides clinical facilities in several
      fasilitas klinik di beberapa lokasi sebagai sarana penanganan awal   locations as a means of initial treatment before further referral if
      sebelum rujukan lanjutan apabila diperlukan.                         necessary.


      Dokumentasi insiden kerja sepanjang tahun 2025 sedang dalam          Documentation of work incidents throughout 2025 is in the
      proses perubahan sesuai dengan kebijakan internal.                   process of being changed in accordance with internal policies.




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                                                                             Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                        Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                        Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                       Sustainable Report




                                                                                                               Kinerja Keberlanjutan
                                                                                                                     Sustainability Performance




Di tahun 2025 Perseroan mencatatkan zero fatalities di seluruh          In 2025, the Company recorded zero fatalities in all property areas,
area kawasan, sejalan dengan komitmen Perseroan dalam                   in line with the Company’s commitment to generating a safe and
mewujudkan lingkungan kerja yang aman dan nyaman bagi                   pleasant work environment for all employees. This success was
seluruh karyawan. Keberhasilan ini merupakan hasil dari dukungan        the result of the high consistent support and commitment of
dan komitmen tinggi dari seluruh karyawan yang secara konsisten         all employees in applying OHS aspect at work. In this year, the
menerapkan aspek K3 dalam bekerja. Di tahun ini Perseroan               Company again equipped employees with various types of OHS
kembali membekali karyawan dengan berbagai jenis pelatihan K3           training and as many as 7 employees have been OHS certified.
dan sebanyak 7 karyawan telah tersertifikasi K3.


Rencana Pengembangan Praktik Keberlanjutan                              Sustainability Practice Development Plan
Memandang ke depan, Perseroan akan terus melakukan                      Looking ahead, the Company will continue to monitor various
pemantauan atas berbagai regulasi terkait praktik keberlanjutan         regulations related to sustainability practices that impact the
yang berdampak pada Perseroan sebagai basis pengembangan                Company, as a basis for the next stage of development.
selanjutnya.



ASPEK MASYARAKAT TUMBUH DAN BERKEMBANG BERSAMA                          COMMUNITY ASPECT GROW AND DEVELOP WITH THE
MASYARAKAT DAMPAK OPERASI TERHADAP MASYARAKAT                           COMMUNITY, IMPACT OF OPERATIONS ON SURROUNDING
SEKITAR                                                                 COMMUNITY




Sejalan dengan prinsip bisnis berkelanjutan, Perseroan                  In line with sustainable business principle, the Company is
berkomitmen untuk menanamkan nilai keberlanjutan yang                   committed to embed meaningful sustainable values within
bermakna di tengah masyarakat dengan mendorong kemandirian              the community by encouraging economic independency in its
ekonomi di wilayah operasional. Komitmen tersebut diwujudkan            areas of operation. This commitment is manifested through
melalui penciptaan lapangan kerja bagi masyarakat lokal serta           job creation for the local community as well as opening wider
pembukaan peluang usaha yang lebih luas bagi pelaku Usaha Kecil         business opportunity for the Small and Middle Enterprises (UKM)
dan Menengah (UKM) untuk berperan sebagai rekanan atau mitra            to take part as partners or work partners of the Company.
kerja Perseroan.


Dalam proses perekrutan tenaga kerja dari putra dan putri daerah,       In the process of recruiting manpower from the local men
Perseroan tetap mengedepankan pemenuhan kualifikasi serta               and women, the Company remains adamant to fulfilling the
kompetensi yang dipersyaratkan oleh masing-masing Unit Usaha            qualification and competency required by individual Business
guna mendukung pengembangan dan keberlanjutan bisnis. Selain            Unit in order to support business development and sustainability.
memberikan kontribusi ekonomi bagi masyarakat setempat,                 Aside from economic contribution for the local community, the
Perseroan juga berupaya menghadirkan dampak sosial yang                 Company also strives to deliver social impact that is sustainable
berkelanjutan melalui pelaksanaan program Tanggung Jawab                through the implementation of Corporate Social Responsibility
Sosial Perusahaan (CSR) di bidang sosial dan pemberdayaan               program in social and community empowerment sectors
masyarakat yang dirancang secara tepat sasaran. Upaya ini               designed with precise targets. This effort is carried out to build
dilakukan untuk membangun hubungan yang harmonis dan                    harmonious and sustainable relationships with local communities.
berkelanjutan dengan komunitas lokal.




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         Kilas Kinerja            Laporan Manajemen    Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights       Management Report     Company Profile              Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Kegiatan Community Development                                        Community Development Activities
      Sebagai bentuk implementasi pilar keberlanjutan “It’s the People”,    As a form of implementation of the “It’s About the People”
      pada tahun 2025 Perseroan kembali melaksanakan berbagai               sustainable pillar, in 2025 the Company has again conducted
      program pengembangan masyarakat (community development)               various community development programs carried out through
      yang dijalankan oleh masing-masing Unit Usaha.                        each Business Units.


      Setiap Unit Usaha Perseroan secara konsisten menyelenggarakan         Each Business Unit of the Company consistently performed
      program community development yang berkelanjutan dengan               sustainable community programs with the focus on three main
      berfokus pada tiga bidang utama, yaitu Pendidikan, Lingkungan,        areas, namely Education, Environment, and Social. Several
      dan Sosial. Beberapa program pengembangan masyarakat yang             community development programs conducted by Business Units
      dilaksanakan oleh Unit Usaha sepanjang tahun 2025 adalah              during the year 2025 are as follows:
      sebagai berikut:


      Kawasan Rasuna Epicentrum                                             Rasuna Epicentrum
      Kawasan Rasuna Epicentrum melaksanakan program Tanggung               The Rasuna Epicentrum carried out its Corporate Social
      Jawab Sosial Perusahaan “Kampung Makmur”, yang bertujuan              Responsibility program known as “Kampung Makmur” (Prosperous
      untuk meningkatkan kesejahteraan masyarakat melalui pemberian         Village) was intended to improve community welfare through
      bantuan dan pelaksanaan program di bidang keagamaan, sosial,          providing assistance and implementation of religious, social and
      dan ekonomi. Dalam pelaksanaannya, PT Bakrie Swasakti Utama           economic programs. In their implementation, PT Bakrie Swasakti
      (BSU) selaku pengelola Kawasan Rasuna Epicentrum secara               Utama (BSU) as management of the Rasuna Epicentrum, regularly
      berkala menjalin kerjasama dengan masyarakat sekitar, baik            establishes cooperation with the surrounding community, both
      melalui Masjid Al-Bakrie maupun Yayasan Bakrie Amanah.                through the Al-Bakrie Mosque and the Bakrie Amanah Foundation.


      Sepanjang tahun 2025, Kawasan Rasuna Epicentrum telah                 Throughout the year 2025, Rasuna Epicentrum has actualized
      merealisasikan berbagai program CSR sebagai berikut:                  various CSR programs as follows:


                                   Jenis Program                                                         Pencapaian
                                  Type of Program                                                       Achievement
       Penyediaan 1 mobil ambulan yang digunakan sebagai pelayanan         Melayani ratusan penerima manfaat yang berasal dari
       pengantaran jenazah ke tempat penguburan                            masyarakat sekitar dan seluruh penghuni kawasan Rasuna
       Provision of 1 ambulance to be used for transporting bodies to      Epicentrum
       burial sites                                                        Serving hundreds of beneficiaries from the surrounding
                                                                           community and all residents of the Rasuna Epicentrum area
       Penyediaan mobil klinik                                             Melayani ratusan penerima manfaat yang berasal dari
       Provision of clinic cars                                            masyarakat sekitar dan seluruh penghuni kawasan Rasuna
                                                                           Epicentrum
                                                                           Serving hundreds of beneficiaries from the surrounding
                                                                           community and all residents of the Rasuna Epicentrum area
       Bekerja sama dengan Posyandu setempat untuk                         Pelayanan posyandu telah melayani lebih dari 30 anak
       mensejahterakan balita dan manula                                   Posyandu services have served more than 30 children
       Collaborating with local Posyandu to improve the welfare of
       toddlers and the elderly
       Pemberian hewan Qurban saat Idul Adha                               Pembagian Qurban di Masjid Al-Bakrie untuk puluhan warga sekitar
       Giving Qurban during Eid al-Adha                                    Distribution of Qurban at Al-Bakrie Mosque for dozens of local
                                                                           residents.
       Pemberian kesempatan kepada UKM untuk berusaha di kawasan           Puluhan UKM mendapatkan kesempatan berusaha di kawasan
       Providing opportunities for SMEs to do business in the region.      Dozens of SMEs get the opportunity to do business in the area.




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                                                                                Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                          Tata Kelola Perusahaan                      Laporan Berkelanjutan
     Pembahasan Manajemen
                                           Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                  Kinerja Keberlanjutan
                                                                                                                        Sustainability Performance




                              Jenis Program                                                               Pencapaian
                             Type of Program                                                             Achievement
 Penyelenggaraan Olimpiade Anak Islam                                     Mengedukasi puluhan anak di bidang keagamaan
 Organizing the Islamic Children's Olympics                               Educating dozens of children in the religious field.
 Penyelenggaraan Khitanan untuk anak                                      Meningkatkan kesehatan ratusan anak
 Circumcision for children                                                Improving the health of hundreds of children
 Kegiatan Donor Darah                                                     Puluhan kantong darah berhasil dikumpulkan
 Blood Donation Activity                                                  Dozens of blood bags were collected



Kawasan Kalianda Nirwana Resort                                            Kalianda Nirwana Resort
PT Krakatau Lampung Tourism Development (KLTD) selaku anak                 PT Krakatau Lampung Tourism Development (KLTD), as a subsidiary
perusahaan yang mengelola Kawasan Kalianda Nirwana Resort                  that manages the Kalianda Nirwana Resort (KNR) property,
(KNR) telah mengembangkan konsep “Agroforestry Park” sebagai               developed the concept of “Agroforestry Park” as part of the
bagian dari upaya pengembangan sektor pariwisata sekaligus                 effort to develop the local community’s economic independence.
mendorong kemandirian ekonomi masyarakat setempat.                         During the year 2025, KLTD Business Unit conducted various
Sepanjang tahun 2025, Unit Usaha KLTD melaksanakan berbagai                Corporate Social Responsibility (CSR) programs that focused on
program Tanggung Jawab Sosial Perusahaan (CSR) yang berfokus               Environmental and Social aspects, among others, including the
pada aspek Lingkungan dan Sosial, antara lain sebagai berikut:             following:


                              Jenis Program                                                               Pencapaian
                             Type of Program                                                             Achievement
 Penanaman tanaman bakau secara berkala untuk mencapai                    Telah ditanam lebih dari 16.000 pohon bakau di seluruh kawasan
 target penanaman bakau seluas 35 Ha untuk menyelamatkan                  Kalianda Nirwana Resort
 pantai Kalianda dari abrasi laut dengan melibatkan berbagai              More than 16,000 mangrove trees have been planted throughout
 stakeholders                                                             the Kalianda Nirwana Resort area.
 Regular mangrove planting is being carried out to achieve the
 target of planting 35 hectares of mangroves to protect Kalianda's
 coast from marine erosion, involving various stakeholders.
 Kalianda dari abrasi laut dengan melibatkan berbagai stakeholders
 Pemberian hewan Qurban saat Idul Adha                                    Pemberian hewan Qurban di masjid sekitar yang bermanfaat
 Giving Qurban during Eid al-Adha                                         bagi puluhan warga sekitar
                                                                          The distribution of sacrificial animals at a nearby mosque
                                                                          benefited dozens of local residents.
 Pemberian kesempatan kepada UKM untuk berusaha di kawasan                Pelayanan posyandu telah melayani lebih dari 30 anak
 Collaborating with local Posyandu to improve the welfare of              Posyandu services have served more than 30 children
 toddlers and the elderly
 Pemberian hewan Qurban saat Idul Adha                                    Pembagian Qurban di Masjid Al-Bakrie untuk puluhan warga sekitar
 Giving Qurban during Eid al-Adha                                         The distribution of sacrificial animals at a nearby mosque benefited
                                                                          dozens of local residents.
 Pemberian kesempatan kepada UKM untuk berusaha di kawasan                Sebanyak 10 (sepuluh) UKM mendapatkan kesempatan berusaha
 Providing opportunities for SMEs to do business in the region            di kawasan
                                                                          A total of 10 (ten) SMEs got the opportunity to do business in
                                                                          the area
 Pemeriksaan kesehatan gratis untuk masyarakat sekitar                    Puluhan orang dari masyarakat sekitar memanfaatkan fasilitas ini
 Free health checks for local residents                                   Dozens of people from the surrounding community take
                                                                          advantage of this facility




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         Kilas Kinerja         Laporan Manajemen       Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights      Management Report      Company Profile              Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Kawasan Bogor Nirwana Residence                                       Bogor Nirwana Residence
      Nirwana Residence dikelola oleh PT Graha Andrasentra                  Bogor Nirwana Residence is managed by PT Graha Andrasentra
      Propertindo Tbk (GAP) dengan mengusung konsep “Desa Mandiri           Propertindo Tbk (GAP) carrying the concept of “Independent
      Bertakwa”. Pengembangan dan pengelolaan Kawasan Bogor                 Devout Village”. The development and management of Bogor
      Nirwana Residence (BNR) diarahkan untuk memenuhi kebutuhan            Nirwana Residence (BNR) property is intended for the fulfilment
      ekonomi masyarakat sekaligus tetap menjunjung tinggi nilai-nilai      of the community’s economic needs, and at the same time holds
      spiritual yang telah menjadi karakteristik dan identitas komunitas    high the spiritual values that have become the characteristics and
      setempat. Sepanjang tahun 2025, Perseroan melalui Unit Usaha          identity of the local community. Throughout the year 2025, the
      GAP telah melaksanakan berbagai program Tanggung Jawab                Company, through GAP Business Unit, conducted various programs
      Sosial Perusahaan, antara lain sebagai berikut:                       of Corporate Social Responsibility, among others, are as follows:



                                  Jenis Program                                                          Pencapaian
                                 Type of Program                                                        Achievement
       Meneruskan kerja sama dengan Taruna Kompos dalam                  • Lebih dari 300 ton sampah organik dikelola Taruna Kompos.
       pemanfaatan sampah organik menjadi kompos                         • Menambah penghasilan 13 orang dengan rata-rata mencapai
       Continuing collaboration with Taruna Kompos in the utilization of   Rp 1 juta / bulan / orang
       organic waste into compost                                        • Taruna Kompos manages over 300 tons of organic waste.
                                                                         • This has increased the income of 13 people, averaging Rp 1
                                                                           million / month / person.
       Meneruskan upaya pembinaan atas 8 PAUD yang berada di               Setiap tahun, PAUD mendidik lebih dari 190-an anak
       bawah naungan BNR                                                   Every year, PAUD educates more than 190 children.
       Continuing efforts to develop 8 PAUD located in
       under the auspices of BNR
       Pemberian hewan Qurban saat Idul Adha                               Pembagian Qurban di Masjid Roosniyah Al-Bakrie untuk ratusan
       Giving Qurban during Eid al-Adha                                    warga sekitar sebagai penerima manfaat
                                                                           Distribution of Qurbani at the Roosniah Al-Bakrie Mosque to
                                                                           hundreds of local residents as beneficiaries
       Kegiatan Donor Darah                                                Puluhan kantong darah berhasil dikumpulkan
       Blood Donation Activity                                             Dozens of blood bags were collected
       Pemberian kesempatan kepada UKM untuk berusaha di kawasan           Puluhan UKM mendapatkan kesempatan berusaha di kawasan
       Providing opportunities for SMEs to do business in the region       Dozens of SMEs get the opportunity to do business in the area
       Program Anak Ceria                                                  Puluhan anak dari masyarakat sekitar diberikan kesempatan
       Happy Kids Program                                                  untuk bermain di taman rekereasi dan diberikan peralatan
                                                                           sekolah.
                                                                           Dozens of children from the surrounding community were given
                                                                           the opportunity to play in the recreation park and were provided
                                                                           with school supplies.


      Kawasan Awana Yogyakarta                                              Awana Yogyakarta
      Kawasan Awana Yogyakarta dikelola oleh Unit Usaha “The Alana          The Awana Yogyakarta is managed by The Alana Malioboro
      Malioboro Hotel and Conference Center”. Pengelolaan kawasan           Hotel and Conference Centre Business Unit. Management of
      ini diarahkan untuk memastikan masyarakat di sekitar wilayah          this property is intended to ensure the surrounding community
      operasional memperoleh manfaat yang berkelanjutan, baik dari          of the operational area receive sustainable benefits, both from
      aspek ekonomi maupun sosial. Sepanjang tahun 2025, Unit Usaha         economic and social aspects. Through the year 2025, this
      tersebut telah merealisasikan berbagai program Tanggung Jawab         Business Unit actualized various Corporate Social Responsibility
      Sosial Perusahaan (CSR), antara lain sebagai berikut:                 (CSR) program, including the following:




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Page 261
                                                                                Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                           Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                           Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                  Kinerja Keberlanjutan
                                                                                                                        Sustainability Performance




                              Jenis Program                                                               Pencapaian
                             Type of Program                                                             Achievement
 Memberikan kesempatan kepada pengusaha kecil untuk              Sebanyak 3 UKM mendapatkan kesempatan berusaha di
 berdagang cinderamata khas Yogyakarta di area hotel             Kawasan
 Providing opportunities for small businesses to sell Yogyakarta A total of 3 SMEs got the opportunity to do business in Region
 souvenirs in the hotel area
 Memberikan kesempatan kepada pengayuh becak motor,                       Sebanyak 5 pengayuh becak mendapatkan kesempatan
 kendaraan lokal khas Yogyakarta, untuk berada di area hotel agar         berusaha di kawasan
 pelanggan hotel yang ingin berkeliling kota menjadi lebih mudah          5 becak drivers were given the opportunity to make some
 Providing opportunities for motorbike rickshaw drivers, typical local    earnings from driving guests around the city
 Yogyakarta vehicles, to be in the hotel area in order hotel customers
 who want to get around the city more easily
 Pemberian hewan Qurban saat Idul Adha                                    Pembagian Qurban ke tokoh-tokoh masyarakat setempat
 Giving Qurban during Eid al-Adha                                         Distribution of Qurban to local community leaders.



Kahuripan Nirwana Sidoarjo                                                 Kahuripan Nirwana Sidoarjo
Kawasan Kahuripan Nirwana dikelola oleh PT Mutiara Masyhur                 The Kahuripan Nirwana is managed by PT Mutiara Masyhur
Sejahtera (MMS) dengan mengedepankan aspek Sosial dan                      Sejahtera (MMS), putting forward the Social and Environmental
Lingkungan untuk mendukung berbagai tantangan di tengah                    aspects to support various challenges present in the surrounding
masyarakat sekitar. Sepanjang tahun 2025, Unit Usaha tersebut              community. During the year 2025, the Business Unit realized
telah merealisasikan berbagai program Tanggung Jawab Sosial                various programs of Corporate Social Responsibility (CSR),
Perusahaan (CSR), antara lain sebagai berikut:                             including the following:


                              Jenis Program                                                               Pencapaian
                             Type of Program                                                             Achievement
 Pemberian hewan Qurban saat Idul Adha                                    Pembagian Qurban ke masyarakat setempat
 Giving sacrificial animals during Eid al-Adha                            Distribution of Qurban to the local community
 Penanaman pohon peneduh                                                  Melakukan penanaman di kawasan tahap 2 ditandai dengan
 Planting shade trees                                                     penanaman 3 pohon trembesi oleh Direksi Perseroan
                                                                          Planting in the phase 2 area was marked by the planting of 3 rain
                                                                          trees by the Company's Directors.
 Penyelenggaraan program Khitanan untuk anak                              Meningkatkan kesehatan puluhan anak
 Implementation of circumcision program for children                      Improving the health of dozens of children
 Program Berbagi                                                          Pemberian bantuan makan gratis kepada masyarakat sekitar
 Sharing Program                                                          secara berkala
                                                                          Providing free food assistance to the local community on a
                                                                          regular basis.


Relawan Bakrieland                                                         Bakrieland Volunteers
Dalam pelaksanaan setiap program community development,                    In implementing each community development program, the
Perseroan secara konsisten mendorong keterlibatan aktif karyawan           Company consistently encourages the active participation of
agar seluruh insan perusahaan memiliki kepedulian dan komitmen             employees so that all company personnel have sense of concern
dalam memberikan kontribusi nyata kepada masyarakat. Komitmen              and commitment in giving real contribution to the community.
tersebut diwujudkan melalui program “Relawan Bakrieland”, yang             Such commitment is manifested in the “Bakrieland Volunteers”
selaras dengan nilai dan prinsip Trimatra Bakrie.                          program in line with Bakrie’s Trimatra value and principle.




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         Kilas Kinerja          Laporan Manajemen        Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights     Management Report         Company Profile              Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Mendukung Keberlanjutan Usaha Pemasok Lokal                             Supporting Sustainable Business of Local Suppliers
      Sebagai bagian dari upaya mendorong penguatan perekonomian              As part of the effort to strengthen community economy and
      masyarakat dan pertumbuhan ekonomi lokal di sekitar wilayah             local economic growth around the operational area, the company
      operasional, Perseroan membuka peluang kerja sama bagi                  opens the opportunity for cooperation for local suppliers to take
      pemasok lokal untuk berperan sebagai mitra usaha Perseroan.             part in the Company’s business partners. This initiative is aimed at
      Inisiatif ini bertujuan untuk meningkatkan kapasitas dan                increasing business capacity and sustainability of local suppliers
      keberlanjutan usaha pemasok lokal secara berkelanjutan.                 on continuous basis.


      Sepanjang tahun 2025, total nilai pembelian Perseroan kepada            Throughout the year 2025, the total value of the Company’s
      pemasok lokal tercatat sebesar Rp60,8 miliar, atau setara dengan        purchases from local suppliers was recorded at Rp60.8 billion, or
      40,5% dari total nilai pembelian Perseroan pada tahun tersebut.         equivalent to 40.5% of the total value of purchases for the year.
      Berikut disajikan data nilai pembelian kepada pemasok lokal             The table below presents the data of purchase values to local
      berdasarkan wilayah operasional Perseroan.                              suppliers based on the Company’s operational areas.



                                                                         Nilai Pembelian dari Pemasok Lokal (Rp)
                  Keterangan
                                                                         Purchase Value from Local Suppliers (Rp)
                  Discription
                                                        2025                              2024                               2023
       Jakarta                                       33.474.675.282                   22.426.884.927                     39.128.056.597
       Bogor                                         20.286.131.996                   25.818.673.439                     23.575.728.960
       Lampung                                         460.598.299                     5.500.535.581                       1.936.195.686
       D.I. Yogyakarta                                6.672.979.674                    8.400.322.638                       7.157.986.027
       Jumlah | Total                                60.894.385.251                   62.146.416.584                     71.797.967.269


      Media Pengaduan Masyarakat                                              Public Complaint Media
      Perseroan menugaskan fungsi Estate Management di setiap                 The Company assigned the function of Estate Management at
      kawasan untuk menerima dan menindaklanjuti pengaduan,                   each property to receive and follow-up complaints, grievances
      keluhan, maupun masukan dari masyarakat terkait kegiatan                and feedback from the public regarding the operational activities
      operasional Perseroan maupun Unit Usaha. Dalam menangani                of the Company and Business Units. In handling each complaint,
      setiap aduan, Perseroan mengedepankan prinsip musyawarah                the Company prioritizes the principle of deliberation through
      melalui mekanisme dialog dan mediasi, serta memastikan setiap           dialogue and mediation mechanisms, and ensuring that every
      permasalahan dikelola dan diselesaikan secara tepat sesuai              issue is managed and resolved appropriately in accordance with
      dengan prosedur internal yang berlaku.                                  applicable internal procedures.


      Selama periode pelaporan tahun 2025, tidak terdapat pengaduan           During the period of reporting year 2025, there were no complaint
      dari masyarakat.                                                        received from the public.


      Realisasi Anggaran Pengembangan Masyarakat                              Realization of Community Development Budget
      Pada tahun 2025, Perseroan telah merealisasikan anggaran                In the year 2025, the Company has actualized the community
      pengembangan masyarakat di seluruh wilayah operasional                  development budget of all operational areas with a total value
      dengan total nilai sebesar Rp1,66 miliar, yang dialokasikan untuk       of 1.66 billion, allocated to support various social, education,
      mendukung berbagai program sosial, pendidikan, lingkungan, dan          environmental, and community empowerment programs.
      pemberdayaan masyarakat.




260      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                  www.bakrieland.com
Page 263
                                                                               Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                          Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                          Good Corporate Governance                  Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                          Sustainable Report




                                                                                                                   Kinerja Keberlanjutan
                                                                                                                        Sustainability Performance




                                                                                      Realisasi Anggaran
                                                                                      Budget Realization
                          Bidang
 No                                                            2025                             2024                                2023
                           Field
                                                       Nilai                            Nilai                               Nilai
                                                                          %                                    %                            %
                                                       Value                            Value                               Value
  A    Pendidikan                                     18.800.000          1,13%      60.600.000               3,49%        20.950.000       1,61%
       Education
  B    Lingkungan                                     47.025.000         2,83%         9.000.000              0,52%           525.000      0,04%
       Environment
  C    Bidang Sosial                                1.515.717.500       91,29%     1.203.796.000             69,37%       994.372.275      76,50%
       Social Sector
       Olahraga, Kesehatan, dan Kesenian             149.217.500         8,99%       105.710.000              6,09%        115.452.275     8,88%
       Sports, Health and Arts
       Keagamaan                                   1.323.900.000        79,73%     1.076.586.000            62,04%        876.920.000      67,46%
       Religion
       Bencana Alam                                   35.075.000          2,11%                     0              0%       2.000.000       0,15%
       Natural Disaster
       Sosial Ekonomi                                   7.525.000        0,45%        21.500.000               1,24%                  0    0,00%
       Social Economic
  D    Korporasi                                     78.840.000          4,75%      462.000.000             26,62%       284.000.000       21,85%
       Corporate
 Jumlah
                                                  1.660.382.500           100%     1.735.396.000               100%     1.299.847.275       100%
 Total



ASPEK PELANGGAN TANGGUNG JAWAB SOSIAL                                     CUSTOMER ASPECT SOCIAL RESPONSIBILITY TO
TERHADAP PELANGGAN                                                        CUSTOMERS




Sebagai salah satu pengembang properti di Indonesia, Perseroan            As one of Indonesia’s property developers, the Company is
berkomitmen untuk menyediakan produk dan layanan properti                 committed to providing quality property products and services by
yang berkualitas dengan tetap menjunjung tinggi perlindungan              continually upholding the protection of customers’ rights. Efforts
hak-hak pelanggan. Upaya peningkatan kualitas produk dan layanan          to improve the quality of products and services are carried out
dilakukan secara berkelanjutan melalui berbagai program continuous        sustainably through continuous improvement programs based on
improvement, yang didasarkan pada riset tren pasar, kebutuhan             market trend research, customers’ needs, as well as evaluation of
pelanggan, serta evaluasi atas kritik dan umpan balik yang diterima.      criticisms and feedback received.


Komitmen terhadap keamanan produk dan perlindungan                        Commitment to safety of products safety and protection of
pelanggan merupakan bagian dari implementasi pilar keberlanjutan          customers are part of the implementation of the sustainability
“It’s About the People”, Sebagai bentuk tanggung jawab untuk              pillar “It’s About the People,” as a form of responsibility to provide
dapat memberikan yang terbaik untuk pelanggan.                            the best for the customers.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Pada tahun 2025, Perseroan menunjukkan kontribusi nyata dalam       In the year 2025, the Company showed real contributions to
      mendukung pencapaian Tujuan Pembangunan Berkelanjutan               support the achievement of the Sustainable Development Goals
      (SDGs) yang relevan dengan aspek perlindungan pelanggan             (SDGs) relevant to the customer protection aspect through
      melalui berbagai inisiatif, antara lain:                            various initiatives, among others, as follows:
      1.  Penyediaan dan penyempurnaan fasilitas ramah disabilitas;       1.   Provide and improve facilities for those with disabilities;
      2. Penambahan sarana kendaraan listrik yang dapat dimanfaatkan      2. Provide additional electric vehicles for use by customers as
          pelanggan sebagai bagian dari upaya mendukung mobilitas              part of the efforts to support environmentally friendly means
          ramah lingkungan; dan                                                of mobility; and
      3. Penguatan inovasi dan pengembangan layanan berkelanjutan.        3. Enhancement in innovation and development of sustainable
                                                                               services.


      Inovasi dan Pengembangan Layanan Berkelanjutan                      Innovation and Development of Sustainable Services
      Industri properti terus berkembang sebagai salah satu sektor        The property industry continues to develop as one of the strategic
      strategis yang memberikan kontribusi signifikan terhadap            sectors that provide significant contribution to the national
      perekonomian nasional serta menciptakan efek berganda bagi          economy as well as create multiple effects for the supporting
      berbagai subsektor pendukung. Sebagai pelaku usaha yang             subsectors. As a business player that has long been engaged in the
      telah lama berkiprah di industri properti nasional, Perseroan       national property industry, the Company places innovation as an
      menempatkan inovasi sebagai elemen penting dalam                    important element in delivering products of quality, sustainability,
      menghadirkan produk yang berkualitas, berkelanjutan, dan            and responsibility.
      bertanggung jawab.


      Sebelum melaksanakan proyek baru ataupun mengembangkan              Prior to conducting new projects or developing existing projects,
      proyek yang telah ada (existing), Perseroan senantiasa melakukan    the Company always conducts comprehensive market research
      riset pasar secara komprehensif guna memastikan bahwa               in order to ensure the products delivered are in line with the needs
      produk yang dihadirkan selaras dengan kebutuhan dan dinamika        and dynamics of the increasingly growing society.
      masyarakat yang terus berkembang.


      Selain inovasi produk, Perseroan juga menerapkan inovasi            In addition to product innovation, the Company also implements
      berkelanjutan dalam strategi pemasaran, antara lain melalui         continuous innovation in the marketing strategy, among others,
      optimalisasi pemanfaatan media sosial, kerja sama dengan            through optimization of the use of social media, cooperation
      perusahaan teknologi properti (PropTech), serta kolaborasi          with property technology companies (PropTech), as well as
      dengan figur publik dan influencer untuk mendukung kegiatan         collaboration with public figures and influencers to support
      peluncuran produk dan pemasaran.                                    product launching and marketing activities.


      Sejalan dengan meningkatnya kebutuhan masyarakat akan               In line with the increasing needs of the community for pleasant
      kawasan yang nyaman dan ramah lingkungan, Perseroan                 and environmentallyfriendly properties, the Company is
      berkomitmen untuk terus mengembangkan inovasi yang relevan          committed to continuously developing innovation that is relevant
      dengan bisnis properti, baik dari sisi produk maupun pemasaran      to property business, both from the product aspect as well as
      yang bertanggung jawab.                                             responsible marketing.


      Evaluasi atas Keamanan Produk dan/atau Layanan                      Assessment on the Safety of Products and/or Services
      Keamanan, keselamatan, dan kenyamanan pelanggan yang berada         The security, safety, and comfort of customers within the property
      di kawasan properti yang dikelola Perseroan dan Unit Usaha          areas managed by the Company and Business Units are the main
      merupakan prioritas utama. Untuk memastikan hal tersebut,           priorities. To ensure this, the Company applies the Standard
      Perseroan menerapkan Standard Operating Procedure (SOP) dan         Operating Procedure (SOP) and Minimal Service Standard (SPM)
      Standar Pelayanan Minimal (SPM) di seluruh lini operasional.        throughout all operational lines.




262      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
Page 265
                                                                               Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                          Tata Kelola Perusahaan                     Laporan Berkelanjutan
       Pembahasan Manajemen
                                          Good Corporate Governance                 Corporate Social Responsibility/
     Management Discussion and Analysis
                                                                                         Sustainable Report




                                                                                                                 Kinerja Keberlanjutan
                                                                                                                       Sustainability Performance




Perseroan secara berkala melaksanakan berbagai program evaluasi           The Company regularly carries out various assessment programs
dan tindakan preventif guna memastikan fasilitas, bangunan, dan           and preventive actions in order to ensure that facilities, buildings,
kawasan operasional telah memenuhi standar keselamatan serta              and operational areas comply with the safety standards as well
sertifikasi nasional yang berlaku. Upaya ini meliputi:                    as applicable national certification. These efforts include the
                                                                          following:
1.    Taman Rekreasi                                                      1.   Recreational Park
      Seluruh taman rekreasi yang dikelola Perseroan dilengkapi                All recreational parks managed by the Company are equipped
      dengan wahana yang dirancang untuk berbagai kelompok                     with play rides for various age groups. Before daily operation,
      usia. Sebelum operasional harian, Tim K3 dan Maintenance                 the OHS and Maintenance Team conducts a trial test run
      melakukan uji kelayakan wahana (trial test run) guna                     on each ride to ensure the security standards are met. The
      memastikan standar keamanan terpenuhi. Perseroan juga                    Company also places an emergency team and lifeguard, as
      menempatkan tim tanggap darurat, lifeguard, serta tenaga                 well as medical staff, to look after the safety of visitors.
      medis untuk menjaga keselamatan pengunjung.


      Pemeliharaan rutin dilakukan oleh teknisi berkompeten,                   Routine maintenance is carried out by competent technicians,
      termasuk pemeriksaan kesehatan fauna bagi taman rekreasi                 including the fauna health check for recreational parks with
      yang memiliki satwa, serta penyediaan fasilitas pendukung                animals, as well as providing supporting facilities such as
      seperti tempat ibadah, layanan kesehatan, dan area parkir yang           worship rooms, medical services, and secured parking areas.
      aman.


2.    Hotel                                                               2.   Hotel
      Perseroan memastikan seluruh unit hotel dilengkapi dengan                The Company ensures that all hotel units are equipped with
      fasilitas keselamatan dan kesehatan, termasuk peralatan P3K,             safety and health facilities, including first aid, wheelchairs,
      kursi roda, serta layanan klinik internal. Seluruh hotel telah           and internal clinic services. All hotels must pass inspections
      lulus pemeriksaan dan pengujian sistem proteksi kebakaran                and test runs on the fire protection system by the authorized
      oleh instansi berwenang.                                                 agency.


3.    Pusat Perbelanjaan                                                  3.   Shopping Centre
      Manajemen pusat perbelanjaan secara rutin melaksanakan                   The management of shopping centers routinely conducts
      simulasi keselamatan yang melibatkan penyewa dan                         safety simulations that engage tenants and visitors. The
      pengunjung. Plaza Festival telah memperoleh Sertifikat                   Plaza Festival has obtained the Fire Safety Certification from
      Keselamatan Kebakaran dari Dinas terkait.                                the related agency.


4.    Gedung Perkantoran                                                  4.   Office Building
      Gedung perkantoran yang dikelola Perseroan telah memenuhi                Office buildings managed by the Company have complied
      standar keamanan nasional dan internasional, dilengkapi                  with the national and international safety standards, are
      sarana kesehatan, serta dilakukan pengukuran kualitas udara              equipped with medical facilities, as well as applied regular air
      secara berkala.                                                          quality measurements.


Dengan penerapan sistem pengawasan dan evaluasi yang                      With the implementation of a comprehensive monitoring and
menyeluruh, seluruh produk Perseroan telah memenuhi standar               evaluation system, all Company products have met applicable
keamanan dan regulasi yang berlaku. Pada tahun 2025, tidak                safety standards and regulations. In 2025, there were no incidents
terdapat insiden ketidakpatuhan terkait dampak keamanan                   of non-compliance related to the impact of product safety on
produk terhadap pelanggan.                                                customers.




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         Kilas Kinerja         Laporan Manajemen      Profil Perusahaan           Unit Pendukung Bisnis
      Performance Highlights    Management Report       Company Profile             Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Penarikan Produk dan/atau Layanan                                   Withdrawal of Products and/or Services
      Selama tahun 2025, tidak terdapat penarikan atau penutupan aset     During the year 2025, there were no recalsl or closings of property
      properti milik Perseroan (menunggu konfirmasi).                     assets owned by the Company (perlu konfirmasi)


      Kebijakan Kompensasi dan Kualitas Produk                            Policy on Compensation and Product Quality
      Sebagai bentuk tanggung jawab terhadap pelanggan, Perseroan         As a form of responsibility to customers, the Company is
      berkomitmen untuk mematuhi seluruh ketentuan peraturan              committed to complying with all provisions of the laws and
      perundang-undangan terkait kualitas produk, pemeliharaan, dan       regulations related to product quality, maintenance, and
      kompensasi, antara lain dengan:                                     compensation, among others, through the following:
      1.  Memberikan pelayanan kepada konsumen secara benar, jujur,       1.   Provide appropriate, honest, and non-discriminative services
          dan tidak diskriminatif;                                             to customers;
      2. Menyampaikan informasi apabila terjadi perubahan jadwal          2. Provide information if there is a change in the unit handover
          serah terima unit;                                                   schedule;
      3. Memberikan kompensasi atas keterlambatan serah terima            3. Provide compensation upon delay in handover schedule in
          sesuai perjanjian; dan                                               accordance with the agreement; and
      4. Menyediakan jaminan pemeliharaan atas unit yang telah            4. Provide guaranteed maintenance for handed-over units as
          diserahterimakan sebagaimana diatur dalam PPJB.                      stipulated in the Sales Purchase Agreement.


      Keamanan, Keselamatan, dan Kenyamanan Pelanggan                     Security, Safety and Comfort of Customers
      Perseroan secara konsisten melaksanakan berbagai program            The Company consistently carries out an Occupational Health
      Keselamatan dan Kesehatan Kerja (K3) guna memastikan                and Safety (OHS) program in order to ensure security, safety,
      terjaganya keamanan, keselamatan, dan kenyamanan pelanggan.         and comfort of customers are maintained. This program
      Program tersebut dilaksanakan untuk memastikan bahwa seluruh        is implemented to ensure that all facilities, buildings, and
      fasilitas, bangunan, dan area operasional yang dikelola oleh        operational areas managed by the Company and Business Units
      Perseroan dan Unit Usaha telah memenuhi standar sertifikasi         have complied with applicable national certification standards.
      nasional yang berlaku.


      Selain penerapan pengendalian operasional, Perseroan juga           Aside from implementing operational control, the Company also
      secara berkelanjutan memberikan edukasi keselamatan kepada          continuously holds education sessions on safety for customers
      pelanggan melalui berbagai kanal komunikasi, termasuk media         through various channels of communication, including social
      sosial, sebagai upaya pencegahan terhadap potensi insiden di        media, as an effort to prevent the occurrence of potential
      kawasan properti yang dikelola Perseroan.                           incidents in the property areas managed by the Company.


      Pada tahun 2025, Perseroan telah merealisasikan anggaran            In the year 2025, the Company actualized the budget for a
      sebesar Rp3,2 miliar untuk mendukung penyelenggaraan kegiatan       total amount of Rp3.2 billion to support the implementation of
      usaha pengembangan properti yang aman, selamat, dan nyaman          property development business activities that are secured, safe,
      bagi pelanggan.                                                     and comforting to the customers.




264      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                              www.bakrieland.com
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                                                                              Tanggung Jawab Sosial Perusahaan/
           Analisis dan
                                         Tata Kelola Perusahaan                     Laporan Berkelanjutan
      Pembahasan Manajemen
                                         Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                        Sustainable Report




                                                                                                                Kinerja Keberlanjutan
                                                                                                                      Sustainability Performance




Kinerja K3 Pelanggan Tahun 2025                                          Performance of Customer Aspect of OHS in 2025
Dalam melakukan pencatatan dan pelaporan kinerja K3, Perseroan           In recording and reporting OHS performance, the Company
menerapkan standar klasifikasi insiden sebagai berikut:                  applies the following incident classification standards as follows:
1.  Near Misses, yaitu kejadian yang berpotensi menimbulkan              1.   Near Misses: an incident potentially causing an accident;
    kecelakaan namun berhasil dicegah melalui tindakan                        however, it was managed to be prevented through control
    pengendalian sehingga tidak menimbulkan insiden; dan                      action so as to prevent the incident from occurring; and
2. Non-Recordable Incident, yaitu insiden kecelakaan ringan              2. Non-Recordable Incident: an accident that is handled by
    yang dapat ditangani melalui prosedur pertolongan pertama                 first-aid procedure without the need for further medical
    (P3K) tanpa memerlukan penanganan medis lanjutan.                         handling;
3. Recordable Incident: insiden kecelakaan yang membutuhkan              3. Recordable Incident: an accident that requires handling
    penanganan lebih dari prosedur pertolongan pertama; dan                   further than first-aid procedure; and
4. Fatalities: insiden kecelakaan yang mengakibatkan pada                4. Fatalities: an accident that resulted in fatalities.
    kematian.


Sampai dengan akhir tahun 2025, Perseroan mencatat 56 insiden            Until the end of the year 2025, the Company recorded 56 major
berat, 314 insiden ringan, 292 near misses dan 0 kematian. Seluruh       incidents, 314 minor incidents, 292 near misses, and 0 fatalities.
insiden kecelakaan berhasil ditangani dengan baik oleh Tim K3 dan        All accidents were appropriately handled by the OHS Team and
on-site klinik yang terdapat di masing-masing Unit Usaha                 the on-site clinic available in each Business Unit.


                                                                               Jumlah Insiden
           Tipe Insiden                                                       Number of Incident
         Type of Incident
                                                 2025                                2024                                     2023

 Near Misses                                     292                                  462
                                                                                                                               363
 Near Misses
 Insiden Ringan                                   341                                 439
                                                                                                                               308
 Minor Incident
 Insiden Berat                                     56                                   59
                                                                                                                                38
 Major Incident
 Kematian                                           0                                    0                                      0
 Fatalities


Pusat Pengaduan Pelanggan                                                Customer Complaint Centre
Perseroan meyakini bahwa kepercayaan dan loyalitas pelanggan             The Company believes that customers’ trust and loyalty are
merupakan faktor fundamental dalam mendukung keberlanjutan               fundamental factors in supporting sustainability and long-term
dan pertumbuhan usaha jangka panjang. Sejalan dengan komitmen            business growth. In line with this commitment, the Company
tersebut, Perseroan menyediakan sarana pengaduan resmi yang              provides an official complaint center that can be accessed by all
dapat diakses oleh seluruh pelanggan untuk menyampaikan                  customers to submit their complaints, suggestions, and feedback
keluhan, saran, maupun masukan terkait produk dan layanan                related to the products and services of the Company through
Perseroan melalui kanal berikut:                                         such channels as follows:
1.   PT Bakrie Swasakti Utama: (021) 5292 0090                           1.   PT Bakrie Swasakti Utama: (021) 5292 0090
2. PT Graha Andrasentra Propertindo Tbk: (0251) 821 1290                 2. PT Graha Andrasentra Propertindo Tbk: (0251) 821 1290
3. PT Krakatau Lampung Tourism Development: (021) 5794                   3. PT Krakatau Lampung Tourism Development: (021) 5794
     2157                                                                     2157




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         Kilas Kinerja             Laporan Manajemen     Profil Perusahaan               Unit Pendukung Bisnis
      Performance Highlights         Management Report     Company Profile                 Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Selain menyediakan kanal pengaduan terpusat, Perseroan juga                Aside from providing the complaint centrer channel, the Company
      memastikan tersedianya unit kerja khusus di setiap produk dan              also ensures the availability of a special work unit in each product
      kawasan operasional yang bertanggung jawab atas penanganan                 and operational area responsible for direct handling of customer
      keluhan pelanggan secara langsung. Untuk produk perkantoran,               complaints. For office, residential, and apartment products,
      residensial, dan apartemen, fungsi tersebut dijalankan oleh Estate         this function is carried out by the Estate Management through
      Management melalui personel Customer Service. Sementara itu,               Customer Service personnel. Meanwhile, for hotel products,
      untuk produk hotel, pusat perbelanjaan, taman rekreasi, serta unit         shopping centerrs, recreational parks as well as food & beverage
      usaha food & beverages, Perseroan menyediakan unit Customer                business units, the Company provides a Customer Care unit that
      Care yang berfokus pada layanan dan penanganan pengaduan                   is focused on services and handling customer complaints.
      pelanggan.


      Pengukuran Keluhan dan Kepuasan Pelanggan                                  Measurement of Customer Complaint and Satisfaction
      Perseroan secara terbuka menerima seluruh kritik, saran, dan               The Company openly accepts all criticism, suggestions, and
      masukan dari pelanggan sebagai dasar evaluasi dan perbaikan                feedback from customers as a basis for continuous evaluation
      berkelanjutan terhadap kualitas produk dan layanan. Dalam hal              and improvement towards quality products and services. In
      penanganan pengaduan, Perseroan telah menetapkan prosedur                  the context of handling complaints, the Company established
      khusus yang mengatur mekanisme pencatatan, penanganan,                     special procedures that regulate the mechanism of recording
      serta tindak lanjut atas setiap keluhan yang diterima melalui kanal        and handling as well as following-up on each complaint received
      pengaduan resmi.                                                           through the official complaint channel.

      Hingga akhir tahun 2025, sebanyak 100% keluhan pelanggan telah             Until the end of the year 2025, as many as 100% of customer
      berhasil ditindaklanjuti oleh unit terkait di masing-masing Unit           complaints were successfully handled by the related unit at each
      Usaha sesuai dengan ketentuan dan Service Level Agreement                  Business Unit in accordance with applicable provisions and the
      (SLA) yang berlaku. Berikut disajikan data hasil pengukuran                Service Level Agreement (SLA). The following table presents data
      penanganan keluhan pelanggan:                                              on the results of measuring the handling of customer complaints:


                                 Uraian
                                                                         2025                            2024                        2023
                               Description
       Jumlah Keluhan | Number of Complaint                             1.240                            1.106                       2.527
       Keluhan Terselesaikan | Complaints Handled                       1.240                            1.104                       2.526
       Keluhan dalam Proses Penyelesaian
                                                                             0                                2                           1
       Complaints in Handling Process


      Perseroan memastikan bahwa setiap laporan pengaduan atau                   The Company ensures that each complaint report or complaint
      keluhan yang diterima melalui seluruh kanal pengaduan resmi                received through the official complaint channel is followed-up on
      ditindaklanjuti secara tepat waktu dan sesuai dengan Service               in timely manner and in accordance with the applicable internal
      Level Agreement (SLA) internal yang berlaku.                               Service Level Agreement (SLA).


      Selain mekanisme penanganan keluhan, Perseroan juga secara                 Aside from the complaint handling mechanism, the Company also
      konsisten melakukan survei kepuasan pelanggan serta memantau               consistently conducts customer satisfaction surveys as well as
      berbagai platform independen yang berkaitan dengan produk,                 monitors various independent platforms related to the Company’s
      layanan, dan pengalaman pelanggan Perseroan. Pemantauan ini                products, services, and customers’ experiences. This monitoring is
      dilakukan sebagai bagian dari upaya evaluasi berkelanjutan untuk           carried out as part of the efforts to continuously evaluate to improve
      meningkatkan kualitas layanan dan menjaga kepuasan pelanggan.              the quality of services and maintain customers’ satisfaction. The
      Berikut disajikan data rekapitulasi tingkat kepuasan pelanggan             following table presents data on the recapitulation of the level of
      atas produk Perseroan:                                                     customers’ satisfaction with Company products:




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                                                                                       Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                              Tata Kelola Perusahaan                         Laporan Berkelanjutan
       Pembahasan Manajemen
                                              Good Corporate Governance                     Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                 Sustainable Report




                                                                                                                         Kinerja Keberlanjutan
                                                                                                                               Sustainability Performance




Hotel
Hotel

                                                                          1% 1%                                                     1% 1%
              4% 1% 1%                                             5%                                                          5%

      17%                                                                                                          15%
                                                        19%




                                        77%
                                                                                            74%                                                78%




                   2025                                                   2024                                                      2023

   Sangat Puas | Very Satisfied               Puas | Satisfied            Rata-rata | Average           Buruk | Poor            Sangat Buruk | Very Poor



Mal
Shopping Center

                   2% 1%                                                  2% 1%                                                 2% 1% 7%
            8%                                                                    7%

                                                          20%                                                      20%


 20%




                                        70%                                                70%                                                  71%




                   2025                                                   2024                                                      2023

   Sangat Puas | Very Satisfied               Puas | Satisfied            Rata-rata | Average           Buruk | Poor            Sangat Buruk | Very Poor




www.bakrieland.com                                                          PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
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         Kilas Kinerja              Laporan Manajemen         Profil Perusahaan               Unit Pendukung Bisnis
      Performance Highlights         Management Report          Company Profile                 Business Support Unit




      Kinerja Keberlanjutan
      Sustainability Performance




      Taman Rekreasi
      Theme Park

                       6%      1%                                              2% 1%                                            2% 1%
                                                                        10%                                               11%
                                                                                             23%
                                                                                                                                                24%


       37%

                                               55%

                                                                                                65%                                              62%




                          2025                                                 2024                                              2023

         Sangat Puas | Very Satisfied                Puas | Satisfied         Rata-rata | Average          Buruk | Poor         Sangat Buruk | Very Poor


      Apartemen
      Apartment

                       4%      2%                                             4% 2%                                             4% 2%


                                                              32%                              31%                                              31%
                                             31%
                                                                                                                    31%
        31%




                                                                                                                                                 32%
                                         32%                                                 33%


                          2025                                                 2024                                              2023

         Sangat Puas | Very Satisfied                Puas | Satisfied         Rata-rata | Average          Buruk | Poor         Sangat Buruk | Very Poor



      Rencana Pengembangan Praktik Keberlanjutan                                       Sustainability Practice Development Plan
      Di masa datang, Perseroan akan terus melakukan pemantauan atas                   Ahead, the Company will continue to monitor the various
      berbagai regulasi terkait praktik keberlanjutan yang berdampak                   regulations related to sustainability practices that impact the
      pada Perseroan sebagai dasar bagi pengembangan selanjutnya                       Company as a basis for future developments.




268      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                             www.bakrieland.com
Page 271
FORMULIR
Formulir UmpanUMPAN BALIK
LAPORAN
Balik LaporanTERINTEGRASI
             Terintegrasi
BAKRIELAND
Bakrieland TahunTAHUN
                 2025     2022
Feedback
Feedback    Form
          Form
Bakrieland
BakrielandIntegrated Report
             Integrated     FY2022
                        Report  FY2025
Kepada Yth
Corporate Secretary
PT Bakrieland Development Tbk
Wisma Bakrie 1 Lantai 6
Jl. H.R. Rasuna Said Kav B-1, Kuningan,
Jakarta Selatan



Mohon beri tanda pada pemangku kepentingan yang paling menjelasakan siapa anda?
Please tick the box for the stakeholder group that best describes you:?


    Karyawan | Employee

    Kontraktor/Sub-Kontraktor/Vendor/Pemasok | Contractor/Sub-Contractor/Vendor/Supplier

    Pelanggan | Customer

    Investor/Analis Keuangan/Pemegang Saham | Investor/Financial Analyst/Shareholders

    Regulator | Regulator

    Organisasi Non-Pemerintah | NGO

    Media | Media

    Mahasiswa/Akademika | Student/Academics

    Lain-Lain | Others: ___________________


Mohon menilai laporan ini: (1 TIDAK BAIK sampai dengan 5 SANGAT BAIK)
Please rate the report for: (1 being POOR up to 5 being EXCELLENT)


                                  Parameter                                  1          2         3        4       5

 Memenuhi kebutuhan informasi anda | Meeting your information needs

 Kelengkapan konten | Content completeness

 Transparansi | Transparency

 Kejelasan dan mudah untuk dimengerti | Clarity and easy to understand

 Mudah untuk mencari informasi | Ease in finding information

 Secara keseluruhan | Overall




                                                                                            2022 Annual Report Bakrieland   399
Page 272
      Laporan ini memiliki bagian-bagian berikut ini:
      The report has these following sections:


                                                                                      Apakah anda                Apakah bagian ini
                                       Bagian                                     mengakses bagian ini?            bermanfaat dan
                                       Section                                     Did you access this           berwawasan luas?
                                                                                        section?               Is it useful/insightful?

       Tentang Laporan Terintegrasi Ini | About this Integrated Report

       Kisah Keberlanjutan Bakrieland | Bakrieland Sustainability Story

       Profil Usaha Keberlanjutan | Sustainable Business Profile/Highlights

       Profil dan Ikhtisar Perusahaan | Corporate Profile

       Peristiwa Penting | Main Events

       Laporan Dewan Komisaris | Report of the Board of Commissioners

       Laporan Dewan Direksi | Report of the Board of Directors

       Diskusi & Analisa Manajemen | Management Discussion & Analysis

       Tata Kelola Perusahaan | Corporate Governance

       Tanggung Jawab Sosial Perusahaan Terpadu
       Integrated & Sustainable Corporate Social Responsibility




      Isu material mana yang menurut anda paling informatif atau bermanfaat?
      Which of our most material issues did you find informative or useful?


                                                                                Apakah data dan informasi yang disampaikan
                                                                                         kepada anda sudah cukup?
                             Isu Material                                   Is data and information presented sufficient for you?
                            Material Issues
                                                                         Terlalu Banyak           Cukup              Terlalu Sedikit
                                                                           Too Much              Sufficient            Too Little

       Perkembangan sosio-ekonomi masyarakat sekitar
       Socio-economic development of the surrounding
       communities

       Kegiatan pengembangan masyarakat
       Community development activities

       Fasilitas dan tindakan terkait kesehatan, keselamatan dan
       keamanan pelanggan
       Customer health, safety and security facilities and
       measures

       Pengukuran dan umpan balik/masukan terkait kepuasan
       pelanggan
       Customer satisfaction measurement and feedbacks

       Remunerasi dan Tunjangan
       Remuneration and Benefit

       Pelatihan & Pengembangan
       Training & Development




400   Bakrieland Laporan Tahunan 2022
Page 273
                                                                Apakah data dan informasi yang disampaikan
                                                                         kepada anda sudah cukup?
                      Isu Material                          Is data and information presented sufficient for you?
                     Material Issues
                                                         Terlalu Banyak           Cukup              Terlalu Sedikit
                                                           Too Much              Sufficient            Too Little

Kinerja keuangan yang sehat
Healthy financial performance

Penyediaan perumahan yang terjangkau, berkualitas,
aman dan nyaman
Provision of affordable, quality, safe and comfortable
housing

Perbaikan kesejahteraan masyarakat
Improvement of community welfare

Praktek pengadaan dan pemasok lokal
Procurement practice and local suppliers

Kebijakan rekrutmen lokal
Local recruitment policy

Kesehatan dan keselamatan kerja
Occupation health and safety

Analisis risiko lingkungan konstruksi
Construction environmental risk analysis

Area hijau dan rancangan bangunan
Green area and building design

Energi, air, dan emisi
Energy, water, and emission

Manajemen pemasok
Supplier management

Penggunaan materi ramah lingkungan
Green material usage

Manajemen jejak lingkungan properti
Property environmental footprint management

Manajemen dampak sosial properti
Property social impact management

Keberagaman dan perlindungan hak-hak asasi manusia
Diversity and human rights protection




                                                                                        2022 Annual Report Bakrieland   401
Page 274
      Apakah laporan ini menjawab isu-isu yang penting untuk anda tentang kinerja keberlanjutan kami?
      Does the report address your main concerns about our sustainability performance?

      Ya             Tidak
      Yes    c       No      c



        Harap jelaskan:
        Please elaborate:




      Bagaimana kami dapat memperbaiki laporan ini di masa yang akan datang?
      How could we improve this report in the future?




                                                  == TERIMA KASIH | THANK YOU ==




402   Bakrieland Laporan Tahunan 2022
Page 275
                                                                            Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                         Tata Kelola Perusahaan                   Laporan Berkelanjutan
     Pembahasan Manajemen
                                         Good Corporate Governance               Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                      Sustainable Report




Surat Pernyataan
Dewan Komisaris dan Direksi
Statement from the Board of Commissioners
and the Board of Directors


Yang bertanda tangan di bawah ini telah membaca dan memeriksa        The undersigned have read and duly examined and approved the
dengan seksama serta menyetujui isi dari naskah Buku Laporan         Annual Report of the Company for the year 2025, which includes
Tahunan Perusahaan tahun 2025, yang di dalamnya juga memuat          the Financial Statements for the year 2025.
Laporan Keuangan Perusahaan untuk tahun buku 2025.




                                                    Dewan Komisaris
                                                   Board of Commissioners




            Armansyah Yamin                   Bambang Irawan Hendradi                                  Kanaka Puradiredja
                    Komisaris                          Presiden Komisaris                                Komisaris Independen
                  Commissioner                      President Commissioner                            Independent Commissioner




                                                            Direksi
                                                       Board of Directors




              Melky Aliandri                        Resza Adikreshna                                                Sisilia
                     Direktur                          Presiden Direktur                                            Direktur
                     Director                          President Director                                           Director




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           Kilas Kinerja             Laporan Manajemen         Profil Perusahaan            Unit Pendukung Bisnis
      Performance Highlights          Management Report          Company Profile              Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021:
      Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company

                                                                             Halaman
                                      Keterangan                                                                       Description
                                                                              Page
      I.     Ketentuan Umum                                                            I.    General Provision
             1.   Dalam Surat Edaran Otoritas Jasa Keuangan ini yang                         1.   In this Financial Services Authority Circular Letter what is
                  dimaksud dengan:                                                                meant by:
                  a.   Laporan Tahunan adalah laporan                                             a.   The Annual Report is a report on the Board of
                       pertanggungjawaban Direksi dan Dewan                                            Directors and Board of Commissioners accountability
                       Komisaris dalam melakukan pengurusan dan                                        in managing and supervising issuers or public
                       pengawasan terhadap emiten atau perusahaan                                      companies within a period of 1 (one) fiscal year to
                       publik dalam kurun waktu 1 (satu) tahun buku                ✓                   the general meeting of shareholders prepared based
                       kepada rapat umum pemegang saham yang                                           on the provisions of the Financial Services Authority
                       disusun berdasarkan ketentuan dalam Peraturan                                   Regulation concerning the Annual Report of issuers or
                       Otoritas Jasa Keuangan mengenai Laporan                                         public companies
                       Tahunan emiten atau perusahaan publik.
                  b.   Emiten adalah pihak yang melakukan penawaran                               b.   Issuers are parties who make public offerings
                       umum.                                                       ✓

                  c.   Perusahaan Publik adalah perseroan yang                                    c.   A Public Company is a company whose shares
                       sahamnya telah dimiliki paling sedikit                                          are owned by at least 300 (three hundred)
                       oleh 300 (tiga ratus) pemegang saham                                            shareholders and has a paid-up capital of at least
                       dan memiliki modal disetor paling sedikit                                       Rp3,000,000,000.00 (three billion rupiah) or a
                       Rp3.000.000.000,00 (tiga miliar rupiah) atau                ✓                   number of shareholders and paid-up capital as
                       suatu jumlah pemegang saham dan modal                                           determined by the Financial Services Authority
                       disetor yang ditetapkan oleh Otoritas Jasa
                       Keuangan.
                  d.   Perusahaan Terbuka adalah Emiten yang telah                                d.   A Public Company is an Issuer that has made a public
                       melakukan penawaran umum efek bersifat                      ✓                   offering of equity securities or a Publically- listed
                       ekuitas atau Perusahaan Publik.                                                 Company
                  e.   Laporan Keberlanjutan (Sustainability Report)                              e.   A Sustainability Report is a report published to the
                       adalah laporan yang diumumkan kepada                                            public that contains the economic, financial, social,
                       masyarakat yang memuat kinerja ekonomi,                                         and environmental performance of a financial service
                       keuangan, sosial, dan lingkungan hidup suatu                ✓                   institution, Issuer, and Public Company in running a
                       lembaga jasa keuangan, Emiten, dan Perusahaan                                   sustainable business
                       Publik dalam menjalankan bisnis berkelanjutan.
                  f    Direksi:                                                    ✓              f    Board of Directors:

                       1)      bagi Emiten atau Perusahaan Publik                                            1)       For an Issuer or a Public Company in
                               berbentuk badan hukum perseroan terbatas                                               the form of a limited liability company,
                               adalah Direksi sebagaimana dimaksud dalam                                              it is the Board of Directors as referred
                               Peraturan Otoritas Jasa Keuangan mengenai           ✓                                  to in the Financial Services Authority
                               Direksi dan Dewan Komisaris Emiten atau                                                Regulation concerning the Board of
                               Perusahaan Publik; dan                                                                 Directors and Board of Commissioners of
                                                                                                                      an Issuer or Public Company; and
                       2)      bagi Emiten atau Perusahaan Publik                                            2)       For an Issuer or a Public Company in
                               berbentuk badan hukum selain perseroan                                                 the form of a legal entity other than a
                               terbatas adalah organ yang melaksanakan                                                limited liability company, it is the body
                               pengurusan badan hukum tersebut                     ✓                                  that carries out the management of the
                               sebagaimana dimaksud dalam peraturan                                                   legal entity as referred to in the laws and
                               perundang- undangan mengenai badan                                                     regulations concerning the legal entity.
                               hukum tersebut.
                  g.   Dewan Komisaris:                                            ✓              g.   Board of Commissioners:

                       1)      bagi Emiten atau Perusahaan Publik                                            1)       For an Issuer or a Public Company in
                               berbentuk badan hukum perseroan terbatas                                               the form of a limited liability company,
                               adalah Dewan Komisaris sebagaimana                                                     the Board of Commissioners as referred
                               dimaksud dalam Peraturan Otoritas Jasa              ✓                                  to in the Financial Services Authority
                               Keuangan mengenai Direksi dan Dewan                                                    Regulation concerning the Board of
                               Komisaris Emiten atau Perusahaan Publik;                                               Directors and Board of Commissioners of
                               dan                                                                                    an Issuer or Public Company; and
                       2)      bagi Emiten atau Perusahaan Publik                                            2)       For the Issuer or Public Company in the
                               berbentuk badan hukum selain perseroan                                                 form of a legal entity other than a limited
                               terbatas adalah organ yang melakukan                                                   liability company, it is the body that
                               pengawasan badan hukum tersebut                     ✓                                  supervises the legal entity as referred to
                               sebagaimana dimaksud dalam peraturan                                                   in the laws and regulations concerning the
                               perundang- undangan mengenai badan                                                     legal entity.
                               hukum tersebut.
                  h.   Rapat Umum Pemegang Saham yang selanjutnya                                 h.   General Meeting of Shareholders hereinafter
                       disingkat RUPS:                                             ✓                   abbreviated as GMS:




274        PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                               www.bakrieland.com
Page 277
                                                                                                  Tanggung Jawab Sosial Perusahaan/
               Analisis dan
                                                         Tata Kelola Perusahaan                         Laporan Berkelanjutan
          Pembahasan Manajemen
                                                         Good Corporate Governance                      Corporate Social Responsibility/
        Management Discussion and Analysis
                                                                                                             Sustainable Report




                Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                     SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                            Halaman
                                   Keterangan                                                                                Description
                                                                             Page
                      1)   bagi Emiten atau Perusahaan Publik                                                        1)    For an Issuer or a Public Company in the
                           berbentuk badan hukum perseroan terbatas                                                        form of a limited liability company, it is
                           adalah RUPS sebagaimana dimaksud dalam                                                          the GMS as referred to in the Financial
                           Peraturan Otoritas Jasa Keuangan mengenai            ✓                                          Services Authority Regulation concerning
                           Rencana dan Penyelenggaraan Rapat Umum                                                          the Planning and Organizing of the
                           Pemegang Saham Perusahaan Terbuka; dan                                                          General Meeting of Shareholders of a
                                                                                                                           Public Company; and
                      2)   bagi Emiten atau Perusahaan Publik                                                        2)    For an Issuer or Public Company in the
                           berbentuk badan hukum selain perseroan                                                          form of a legal entity other than a limited
                           terbatas adalah organ yang mempunyai                                                            liability company, it is the body that has
                           wewenang yang tidak diberikan kepada                                                            authority that is not given to any other
                           organ yang melaksanakan fungsi pengurusan            ✓                                          body that carries out management and
                           dan fungsi pengawasan, dalam batas yang                                                         supervisory functions, within the limits
                           ditentukan dalam peraturan perundang-                                                           specified in the legislation and/or articles
                           undangan dan/atau anggaran dasar yang                                                           of association governing the legal entity.
                           mengatur badan hukum tersebut.
          2.   Laporan Tahunan Emiten atau Perusahaan Publik                                       2.   The Annual Report of Issuers or Public Companies is
               merupakan sumber informasi penting bagi investor                                         an important source of information for investors or
               atau pemegang saham sebagai salah satu dasar                                             shareholders as one of the basic considerations in making
               pertimbangan dalam pengambilan keputusan investasi               ✓                       investment decisions and a means of supervision of
               dan sarana pengawasan terhadap Emiten atau                                               Issuers or Public Companies.
               Perusahaan Publik.
          3.   Seiring dengan perkembangan pasar modal dan                                         3.   Along with the development of the capital market and the
               meningkatnya kebutuhan investor atau pemegang                                            increasing need for information disclosure by investors
               saham atas keterbukaan informasi, Direksi dan Dewan                                      or shareholders, the Board of Directors and the Board of
               Komisaris dituntut untuk menyajikan informasi yang               ✓                       Commissioners are required to present quality, accurate,
               berkualitas, akurat, dan akuntabel melalui Laporan                                       and accountable information through the Annual Reports
               Tahunan Emiten atau Perusahaan Publik.                                                   of Issuers or Public Companies.
          4.   Laporan Tahunan yang disusun secara teratur dan                                     4.   Annual Reports that are prepared regularly and
               informatif dapat memberikan kemudahan bagi investor                                      informatively can provide convenience for investors or
               atau pemegang saham dan pemangku kepentingan                     ✓                       shareholders and stakeholders in obtaining the required
               dalam memperoleh informasi yang dibutuhkan.                                              information.
           5   Surat Edaran Otoritas Jasa Keuangan ini merupakan                                   5    This Financial Services Authority Circular is a guideline
               pedoman bagi Emiten atau Perusahaan Publik yang                                          for Issuers or Public Companies that must be applied in
               wajib diterapkan dalam menyusun Laporan Tahunan                  ✓                       preparing Annual Reports and Sustainability Reports.
               dan Laporan Keberlanjutan.
 II.      Bentuk Laporan Tahunan                                                           II.     Format of Annual Report

          1.   Laporan Tahunan disajikan dalam bentuk dokumen                                      1.   Annual Report should be presented in the printed format
               cetak dan salinan dokumen elektronik.                            ✓                       and in electronic document copy..
          2.   Laporan Tahunan yang disajikan dalam bentuk                                         2.   The printed version of the Annual Report should be
               dokumen cetak, dicetak pada kertas yang berwarna                                         printed on light-colored paper of fine quality, in A4 size,
               terang, berkualitas baik, berukuran A4, dijilid, dan dapat       ✓                       bound and can be reproduced in good quality.
               diperbanyak dengan kualitas yang baik.
          3.   Laporan Tahunan dapat menyajikan informasi berupa                                   3.   The Annual Report may present information in the form
               gambar, grafik, tabel, dan/atau diagram dengan                                           of pictures, graphs, tables, and/or diagrams by including
               mencantumkan judul dan/atau keterangan yang jelas,               ✓                       clear titles and/or descriptions, so that they are easy to
               sehingga mudah dibaca dan dipahami.                                                      read and understand.
          4.   Laporan Tahunan yang disajikan dalam bentuk salinan                                 4.   The Annual Report presented in electronic document
               dokumen elektronik merupakan Laporan Tahunan yang                ✓                       format is the Annual Report converted into pdf format.
               dikonversi dalam format pdf.
 III.     Isi Laporan Tahunan                                                   ✓          III.    Content Of Annual Report

          1.   Laporan Tahunan paling sedikit memuat informasi                                     1.   Annual Report should contain at least the following
               mengenai:                                                        ✓                       information:
               a.   Ikhtisar data keuangan penting;                             ✓                       a.   Summary of key financial information;

               b.   Informasi saham (jika ada);                                 ✓                       b.   Stock information (if any);

               c.   Laporan Direksi;                                            ✓                       c.   The Board of Directors report;

               d.   Laporan Dewan Komisaris;                                    ✓                       d.   The Board of Commissioners report;

               e.   Profil Emiten atau Perusahaan Publik;                       ✓                       e.   Profile of Issuer or Public Company;




www.bakrieland.com                                                              PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                                          275
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         Kilas Kinerja                Laporan Manajemen              Profil Perusahaan        Unit Pendukung Bisnis
      Performance Highlights            Management Report              Company Profile          Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                   Halaman
                                       Keterangan                                                                       Description
                                                                                    Page
                 f.   Analisis dan pembahasan manajemen;                                 ✓          f.   Management discussion and analysis;

                 g.   Tata kelola Emiten atau Perusahaan Publik;                                    g.   Corporate governance applied by the Issuer or Public
                                                                                         ✓               Company;
                 h.   Tanggung jawab sosial dan lingkungan Emiten atau                              h.   Corporate social and environmental responsibility of
                      Perusahaan Publik;                                                 ✓               the Issuer or Public Company;
                 i.   Laporan keuangan tahunan yang telah diaudit; dan                   ✓          i.   Audited annual report; and

                 j.   Surat pernyataan anggota Direksi dan anggota                                  j.   Statement that the Board of Directors and the Board
                      Dewan Komisaris tentang tanggung jawab atas                        ✓               of Commissioners are fully responsible for the Annual
                      Laporan Tahunan;                                                                   Report;
            2.   Uraian Isi Laporan Tahunan                                                    2.   Description of Content of Annual Report

                 a.   Ikhtisar Data Keuangan Penting                                                a.   Summary of Key Financial Information
                      Ikhtisar Data Keuangan Penting memuat                                              Summary of Key Financial Information contains
                      informasi keuangan yang disajikan dalam bentuk                                     financial information presented in comparison
                      perbandingan selama 3 (tiga) tahun buku atau                                       with previous 3 (three) fiscal years or since
                      sejak memulai usahanya jika Emiten atau                                            commencement of business if the Issuers or the
                      Perusahaan Publik tersebut menjalankan kegiatan                                    Public Company commencing the business less than
                      usahanya kurang dari 3 (tiga) tahun, paling sedikit                                3 (three) years, at least contain:
                      memuat:
                      1)       pendapatan/penjualan;                                                     1)     income/sales;
                      2)       laba bruto;                                                               2)     gross profit;
                      3)       laba (rugi);                                                              3)     profit (loss);
                      4)       jumlah laba (rugi) yang dapat diatribusikan                               4)     total profit (loss) attributable to equity holders
                               kepada pemilik entitas induk dan                          15                     of the parent entity and non-controlling
                               kepentingan non pengendali;                                                      interest;
                      5)       total laba (rugi) komprehensif;                                           5)     total comprehensive profit (loss);
                      6)       jumlah laba (rugi) komprehensif yang dapat                                6)     total comprehensive profit (loss) attributable
                               diatribusikan kepada pemilik entitas induk                                       to equity holders of the parent entity and non
                               dan kepentingan non pengendali;                                                  controlling interest;
                      7)       laba (rugi) per saham;                                                    7)     earning (loss) per share;
                      8)       jumlah aset;                                                              8)     total assets;
                      9)       jumlah liabilitas;                                                        9)     total liabilities;
                      10)      jumlah ekuitas;                                                           10)    total equities;
                      11)      rasio laba (rugi) terhadap jumlah aset;                                   11)    profit (loss) to total assets ratio;
                      12)      rasio laba (rugi) terhadap ekuitas;                                       12)    profit (loss) to equities ratio;
                      13)      rasio laba (rugi) terhadap pendapatan/                                    13)    profit (loss) to income ratio;
                               penjualan;
                      14)      rasio lancar;                                                             14)    current ratio;
                      15)      rasio liabilitas terhadap ekuitas;                        16              15)    liabilities to equities ratio;
                      16)      rasio liabilitas terhadap jumlah aset; dan                                16)    liabilities to total assets ratio; and
                      17)      informasi dan rasio keuangan lainnya yang                                 17)    other information and financial ratios relevant
                               relevan dengan Emiten atau Perusahaan                                            to the Issuer or Public Company and type of
                               Publik dan jenis industrinya;                                                    industry;




276      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                      www.bakrieland.com
Page 279
                                                                                         Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                    Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                    Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                   Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                       Halaman
                              Keterangan                                                                           Description
                                                                        Page
          b.   Informasi Saham                                                                b.   Stock Information
               Informasi Saham (jika ada) paling sedikit memuat:                                   Stock Information (if any) at least contains:
               1)     saham yang telah diterbitkan untuk setiap                                    1)      shares issued for each three-month period in
                      masa triwulan (jika ada) yang disajikan                                              the last 2 (two) fiscal years (if any), at least
                      dalam bentuk perbandingan selama 2 (dua)                                             covering:
                      tahun buku terakhir, paling sedikit meliputi:
                      a)   jumlah saham yang beredar;                                                      a)    number of outstanding shares;
                      b)   kapitalisasi pasar berdasarkan harga                                            b)    market capitalization based on the price
                           pada Bursa Efek tempat saham                                                          at the Stock Exchange where the shares
                           dicatatkan;                                                                           listed on;
                      c)   harga saham tertinggi, terendah, dan                                            c)    highest share price, lowest share price,
                           penutupan berdasarkan harga pada                                                      closing share price at the Stock Exchange
                           Bursa Efek tempat saham dicatatkan;                                                   where the shares listed on; and
                                                                           17
                           dan
                      d)   volume perdagangan pada Bursa Efek                                              d)    share volume at the Stock Exchange
                           tempat saham dicatatkan;                                                              where the shares listed on;
                      Informasi pada huruf a) diungkap oleh                                                Information in point a) should be disclosed by
                      Emiten yang merupakan Perusahaan                                                     the Issuer, the public company whose shares is
                      Terbuka yang sahamnya tercatat maupun                                                listed or not listed in the Stock Exchange;
                      tidak tercatat di Bursa Efek;
                      Informasi pada huruf b), c), dan huruf d)                                            Information in point b), point c), and point
                      hanya diungkapkan jika Emiten merupakan                                              d) only be disclosed if the Issuer is a public
                      Perusahaan Terbuka dan sahamnya tercatat                                             company whose shares is listed in the Stock
                      di Bursa Efek;                                                                       Exchange;
               2)     dalam hal terjadi aksi korporasi, seperti                                    2)      in the event of corporate actions, including
                      pemecahan saham (stock split),                                                       stock split, reverse stock, dividend, bonus
                      penggabungan saham (reverse stock),                                                  share, and change in par value of shares, then
                      dividen saham, saham bonus, dan                                                      the share price referred to in point 1), should be
                      perubahan nilai nominal saham, informasi                                             added with explanation on:
                      saham sebagaimana dimaksud pada angka
                      1) ditambahkan penjelasan paling sedikit
                      mengenai:
                      a)   tanggal pelaksanaan aksi korporasi;                                             a)    date of corporate action;
                      b)   rasio pemecahan saham (stock split),                                            b)    stock split ratio, reverse stock, dividend,
                           penggabungan saham (reverse stock),                                                   bonus shares, and change in par value of
                           dividen saham, saham                                                                  shares;
                      c)   jumlah saham beredar sebelum dan                                                c)    number of outstanding shares prior to and
                           sesudah aksi korporasi; dan                                                           after corporate action; and
                      d)   jumlah efek konversi yang dilaksanakan                                          d)    The number of convertible securities
                           (jika ada); dan                                                                       exercised (if any); and
                      e)   harga saham sebelum dan sesudah aksi                                            e)    share price prior to and after corporate
                           korporasi;                                      18                                    action;
               3)     dalam hal terjadi penghentian sementara                                      3)      in the event that the company’s shares were
                      perdagangan saham (suspension), dan/                                                 suspended and/or delisted from trading during
                      atau penghapusan pencatatan saham                                                    the year under review, then the Issuers or
                      (delisting) dalam tahun buku, Emiten atau                                            Public Company should provide explanation on
                      Perusahaan Publik menjelaskan alasan                                                 the reason for the suspension and/or delisting;
                      penghentian sementara perdagangan                                                    and
                      saham (suspension) dan/atau penghapusan
                      pencatatan saham (delisting) tersebut; dan


               4)     dalam hal penghentian sementara                                              4)      in the event that the suspension and/or
                      perdagangan saham (suspension) dan/atau                                              delisting as referred to in point 3) was still in
                      penghapusan pencatatan saham (delisting)                                             effect until the date of the Annual Report,
                      sebagaimana dimaksud pada angka 3) masih                                             then the Issuer or the Public Company should
                      berlangsung hingga akhir periode Laporan                                             also explain the corporate actions taken by the
                      Tahunan, Emiten atau Perusahaan Publik                                               company in resolving the suspension and/or
                      menjelaskan tindakan yang dilakukan untuk                                            delisting;
                      menyelesaikan penghentian sementara
                      perdagangan saham (suspension) dan/atau
                      penghapusan pencatatan saham (delisting)
                      tersebut;




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Page 280
         Kilas Kinerja               Laporan Manajemen             Profil Perusahaan        Unit Pendukung Bisnis
      Performance Highlights           Management Report             Company Profile          Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                 Halaman
                                      Keterangan                                                                       Description
                                                                                  Page
                 c.   Laporan Direksi                                                            c.   The Board of Directors Report
                      Laporan Direksi paling sedikit memuat:                                          The Board of Directors Report should at least contain
                                                                                                      the following items:
                      1)       uraian singkat mengenai kinerja Emiten atau                            1)      the performance of the Issuer or Public
                               Perusahaan Publik, paling sedikit meliputi:                                    Company, at least covering:
                                                                                       69
                               a)   strategi dan kebijakan strategis Emiten                                   a)      strategy and strategic policies of the
                                    atau Perusahaan Publik;                                                           Issuer or Public Company;
                               b)   peranan Direksi dalam perumusan                                           b)      Role of the Board of Directors in
                                    strategi dan kebijakan strategis Emiten                                           formulating strategies and strategic
                                    atau Perusahaan Publik;                                                           policies of Issuers or Public Companies;


                               c)   proses yang dilakukan Direksi untuk                                       c)      Process carried out by the Board of
                                    memastikan implementasi strategi                   70                             Directors to ensure the implementation of
                                    Emiten atau Perusahaan Publik;                                                    the Issuer’s or Public Company’s strategy;
                               d)   perbandingan antara hasil yang dicapai                                    d)      comparison between achievement of
                                    dengan yang ditargetkan; dan                       72                             results and targets; and


                               e)   kendala yang dihadapi Emiten atau                                         e)      challenges faced by the Issuer or Public
                                    Perusahaan Publik;                                 73                             Company;
                      2)       gambaran tentang prospek usaha;                                        2)      description on business prospects;
                      3)       penerapan tata kelola Emiten atau                                      3)      implementation of good corporate governance
                                                                                       75
                               Perusahaan Publik; dan                                                         by Issuer or Public Company; and
                      4)       perubahan komposisi anggota Direksi dan                                4)      changes in the composition of the Board of
                                                                                       78
                               alasan perubahannya (jika ada);                                                Directors and the reason behind (if any);
                 d.   Laporan Dewan Komisaris                                                    d.   The Board of Commissioners Report
                      Laporan Dewan Komisaris paling sedikit memuat:                                  The Board of Commissioners Report should at least
                                                                                                      contain the following items:
                                                                                       61
                      1)       Penilaian terhadap kinerja Direksi mengenai                            1)      Assessment on the performance of the Board
                               pengelolaan Emiten atau Perusahaan Publik;                                     of Directors in managing the Issuer or the
                                                                                                              Public Company;
                      2)       Pengawasan terhadap implementasi strategi                              2)      Supervision on the implementation of the
                               Emiten atau Perusahaan Publik;                                                 strategy of the Issuer or Public Company;
                      3)       Pandangan atas prospek usaha Emiten atau                62             3)      View on the business prospects of the Issuer
                               Perusahaan Publik yang disusun oleh Direksi;                                   or Public Company as established by the Board
                                                                                                              of Directors;
                      4)       Pandangan atas penerapan tata kelola                                   4)      View on the implementation of the corporate
                                                                                       63
                               Emiten atau Perusahaan Publik;                                                 governance by the Issuer or Public Company;
                      5)       Perubahan komposisi anggota Dewan                                      5)      Changes in the composition of the Board of
                               Komisaris dan alasan perubahannya (jika                 64                     Commissioners and the reason behind (if any);
                               ada); dan                                                                      and
                 e.   Profil Emiten atau Perusahaan Publik                                       e.   Profile of the Issuer or Public Company
                      Profil Emiten atau Perusahaan Publik paling sedikit                             Profile of the Issuer or Public Company should cover
                      memuat:                                                                         at least:
                      1)       Nama Emiten atau Perusahaan Publik                                     1)      Name of Issuer or Public Company, including
                               termasuk apabila terdapat perubahan                                            change of name, reason of change, and the
                                                                                       26
                               nama, alasan perubahan, dan tanggal efektif                                    effective date of the change of name during
                               perubahan nama pada tahun buku;                                                the year under review;




278      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                 www.bakrieland.com
Page 281
                                                                                            Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                      Tata Kelola Perusahaan                      Laporan Berkelanjutan
     Pembahasan Manajemen
                                                       Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                      Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                   SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                          Halaman
                                 Keterangan                                                                           Description
                                                                           Page
               2)     Akses terhadap Emiten atau Perusahaan                                           2)      Access to Issuer or Public Company, including
                      Publik termasuk kantor cabang atau kantor                                               branch office or representative office, where
                      perwakilan yang memungkinkan masyarakat                                                 public can have access of information of the
                      dapat memperoleh informasi mengenai                                                     Issuer or Public Company, which include:
                      Emiten atau Perusahaan Publik, meliputi:
                      a)   Alamat;                                                                            a)    Address;
                                                                              25
                      b)   Nomor telepon;                                                                     b)    Telephone number;
                      c)   Nomor faksimili;                                                                   c)    Facsimile number;
                      d)   Alamat surat elektronik; dan                                                       d)    E-mail address; and
                      e)   Alamat Situs Website;                                                              e)    Website address;
               3)     Riwayat singkat Emiten atau Perusahaan                                          3)      Brief history of the Issuer or Public Company;
                                                                            26-27
                      Publik;
               4)     Visi dan misi Emiten atau Perusahaan Publik;                                    4)      Vision and mission of the Issuer or Public
                                                                              32
                                                                                                              Company;
               5)     Kegiatan usaha menurut anggaran dasar                                           5)      Line of business according to the latest Articles
                      terakhir, kegiatan usaha yang dijalankan                                                of Association, and types of products and/or
                                                                              33
                      pada tahun buku, serta jenis barang dan/                                                services produced;
                      atau jasa yang dihasilkan;
               6)     Wilayah operasional Emiten atau Perusahaan                                      6)      Operational area of the Issuer or Public
                                                                            34-35
                      Publik;                                                                                 Company
               7)     Struktur organisasi Emiten atau Perusahaan                                      7)      Structure of organization of the Issuer or Public
                      Publik dalam bentuk bagan, paling sedikit                                               Company in chart form, at least 1 (one) level
                      sampai dengan struktur 1 (satu) tingkat di              37                              below the Board of Directors, with the names
                      bawah Direksi, disertai dengan nama dan                                                 and titles;
                      jabatan;
               8)     daftar keanggotaan asosiasi industri baik                                       8)      List of industry association memberships both
                      dalam skala nasional maupun internasional                                               on a national and international scale related to
                                                                              38
                      yang berkaitan dengan penerapan keuangan                                                the implementation of sustainable finance;
                      berkelanjutan
               9)     Profil Direksi, paling sedikit memuat:                                          9)      The Board of Directors profiles include:
                      a)   Nama dan jabatan yang sesuai dengan                                                a)    Name and short description of duties and
                           tugas dan tanggung jawab;                                                                functions;
                      b)   Foto terbaru;                                                                      b)    Latest photograph;
                      c)   Usia;                                                                              c)    Age;
                      d)   Kewarganegaraan;                                                                   d)    Citizenship;
                      e)   Riwayat pendidikan;                                                                e)    Education;
                      f)   Riwayat jabatan, meliputi informasi:                                               f)    history position, covering information on:
                           (1)     Dasar hukum penunjukan sebagai           43-45                                   (1)    Legal basis for appointment as
                                   anggota Direksi pada Emiten                                                             member of the Board of Directors to
                                   atau Perusahaan Publik yang                                                             the said Issuer or Public Company;
                                   bersangkutan;
                           (2)     Rangkap jabatan, baik sebagai                                                    (2)    Dual position, as member of the
                                   anggota Direksi, anggota Dewan                                                          Board of Directors, member of the
                                   Komisaris, dan/atau anggota                                                             Board of Commissioners, and/or
                                   komite serta jabatan lainnya (jika                                                      member of committee, and other
                                   ada); dan                                                                               position (if any); and
                           (3)     Pengalaman kerja beserta periode                                                 (3)    Working experience and period in
                                   waktunya baik di dalam maupun                                                           and outside the Issuer or Public
                                   di luar Emiten atau Perusahaan                                                          Company;
                                   Publik;




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                                                                                                                                                                  279
Page 282
         Kilas Kinerja                Laporan Manajemen             Profil Perusahaan        Unit Pendukung Bisnis
      Performance Highlights              Management Report           Company Profile          Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                  Halaman
                                          Keterangan                                                                     Description
                                                                                   Page
                               g)   hubungan afiliasi dengan anggota                                           g)      Affiliation with other members of the
                                    Direksi lainnya, anggota Dewan                                                     Board of Directors, members of the
                                    Komisaris, pemegang saham utama,                                                   Board of Commissioners, majority and
                                    dan pengendali baik langsung maupun                                                controlling shareholders, either directly or
                                    tidak langsung sampai kepada pemilik            43-45                              indirectly to individual owners, including
                                    individu, meliputi nama pihak yang                                                 names of affiliated parties. In the event
                                    terafiliasi;                                                                       that a member of the Board of Directors
                                                                                                                       has no affiliation, the Issuer or Public
                                                                                                                       Company shall disclose this matter; and
                               h)   perubahan komposisi anggota Direksi                                        h)      Changes in the composition of the
                                    dan alasan perubahannya. Dalam hal                                                 members of the Board of Directors
                                    tidak terdapat perubahan komposisi                                                 and the reasons for the changes. In the
                                    anggota Direksi, maka diungkapkan                   39                             event that there is no change in the
                                    mengenai hal tersebut;                                                             composition of the members of the
                                                                                                                       Board of Directors, this matter shall be
                                                                                                                       disclosed;
                      10)      Profil Dewan Komisaris, paling sedikit                                  10)     The Board of Commissioners profiles, at least
                               memuat:                                                                         include:
                               a)   Nama;                                                                      a)      Name;
                               b)   Foto terbaru;                                                              b)      Latest photograph;
                               c)   Usia;                                                                      c)      Age;
                               d)   Kewarganegaraan;                                                           d)      Citizenship;
                               e)   Riwayat pendidikan;                                                        e)      Education;
                               f)   Riwayat jabatan, meliputi informasi:                                       f)      History position, covering information on:
                                    (1)     Dasar hukum penunjukan sebagai                                             (1)    Legal basis for the appointment
                                            anggota Dewan Komisaris yang                                                      as member of the Board of
                                            bukan merupakan Komisaris                                                         Commissioners who is not
                                            Independen pada Emiten                                                            Independent Commissioner at the
                                            atau Perusahaan Publik yang                                                       said Issuer or Public Company;
                                            bersangkutan;
                                    (2)     Dasar hukum penunjukan pertama                                             (2)    Legal bases for the first
                                            kali sebagai anggota Dewan                                                        appointment as member of the
                                            Komisaris yang merupakan                                                          Board of Commissioners who also
                                                                                    40-42
                                            Komisaris Independen pada                                                         Independent Commissioner at the
                                            Emiten atau Perusahaan Publik                                                     said Issuer or Public Company;
                                            yang bersangkutan;
                                    (3)     Rangkap jabatan, baik sebagai                                              (3)    Dual position; as member of the
                                            anggota Dewan Komisaris,                                                          Board of Commissioners, member
                                            anggota Direksi, dan/atau anggota                                                 of the Board of Directors, and/or
                                            komite serta jabatan lainnya (jika                                                member of committee and other
                                            ada); dan                                                                         position (if any); and
                                    (4)     Pengalaman kerja beserta periode                                           (4)    Working experience and period in
                                            waktunya baik di dalam maupun                                                     and outside the Issuer or Public
                                            di luar Emiten atau Perusahaan                                                    Company;
                                            Publik;
                               g)   Hubungan afiliasi dengan anggota                                           g)      Affiliation with other members of
                                    Dewan Komisaris lainnya, pemegang                                                  the Board of Commissioners, major
                                    saham utama, dan pengendali baik                                                   shareholders, and controllers either
                                    langsung maupun tidak langsung                                                     directly or indirectly to individual owners,
                                    sampai kepada pemilik individu,                                                    including names of affiliated parties; In
                                    meliputi nama pihak yang terafiliasi                                               the event that a member of the Board
                                                                                                                       of Commissioners has no affiliation, the
                                                                                                                       Issuer or Public Company shall disclose
                                                                                                                       this matter;
                               h)   Pernyataan independensi Komisaris                                          h)      Statement of independence of
                                    Independen dalam hal Komisaris                                                     Independent Commissioner in the event
                                    Independen telah menjabat lebih dari 2                                             that the Independent Commissioner
                                    (dua) periode (jika ada);                                                          has been appointed more than 2 (two)
                                                                                                                       periods (if any);
                               i)   Perubahan komposisi anggota Dewan                                          i)      Changes in the composition of the
                                    Komisaris dan alasan perubahannya.                                                 members of the Board of Commissioners
                                    Dalam hal tidak terdapat perubahan                                                 and the reasons for the changes. In the
                                    komposisi anggota Dewan Komisaris,                  39                             event that there is no change in the
                                    maka diungkapkan mengenai hal                                                      composition of the members of the
                                    tersebut;                                                                          Board of Commissioners, this matter shall
                                                                                                                       be disclosed;




280      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                  www.bakrieland.com
Page 283
                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                     Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                     Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                 SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                        Halaman
                              Keterangan                                                                            Description
                                                                         Page
               11)    Dalam hal terdapat perubahan susunan                                          11)     In the event that there were changes in the
                      anggota Direksi dan/atau anggota Dewan                                                composition of the Board of Commissioners
                      Komisaris yang terjadi setelah tahun buku                                             and/or the Board of Directors occurring
                      berakhir sampai dengan batas waktu                                                    between the period after year-end until the
                      penyampaian Laporan Tahunan, susunan                 N/R                              date the Annual Report submitted, then the
                      yang dicantumkan dalam Laporan Tahunan                                                last and the previous composition of the
                      adalah susunan anggota Direksi dan/atau                                               Board of Commissioners and/or the Board of
                      anggota Dewan Komisaris yang terakhir dan                                             Directors shall be stated in the Annual Report;
                      sebelumnya;
               12)    Jumlah karyawan menurut jenis kelamin,                                        12)     Number of employees by gender, position,
                      jabatan, usia, tingkat pendidikan, dan status                                         age, education level, and employment status
                      ketenagakerjaan (tetap/kontrak) dalam               85-86                             (permanent/contracted) in the fiscal year;
                      tahun buku;                                                                           Disclosure of information can be presented in
                                                                                                            tabular form.
               13)    Nama pemegang saham dan persentase                                            13)     Names of shareholders and ownership
                      kepemilikan pada akhir tahun buku, yang                                               percentage at the end of the fiscal year,
                      terdiri dari:                                                                         including:
                      a)   Pemegang saham yang memiliki 5%                                                  a)    Shareholders having 5% (five percent) or
                           (lima persen) atau lebih saham Emiten                                                  more shares of Issuer or Public Company;
                           atau Perusahaan Publik;
                      b)   Anggota Direksi dan anggota Dewan              49,51                             b)    Commissioners and Directors who own
                           Komisaris yang memiliki saham Emiten                                                   shares of the Issuers or Public Company;
                           atau Perusahaan Publik; dan                                                            and
                      c)   Kelompok pemegang saham                                                          c)    Groups of public shareholders, or groups
                           masyarakat, yaitu kelompok pemegang                                                    of shareholders, each with less than 5%
                           saham yang masing-masing memiliki                                                      (five percent) ownership shares of the
                           kurang dari 5% (lima persen) saham                                                     Issuers or Public Company;
                           emiten atau perusahaan publik;
               14)    Persentase kepemilikan tidak langsung                                         14)     The percentage of indirect ownership of
                      atas saham Emiten atau Perusahaan                                                     the shares of the Issuer or Public Company
                      Publik oleh anggota Direksi dan anggota                                               by members of the Board of Directors and
                      Dewan Komisaris pada awal dan akhir                                                   members of the Board of Commissioners
                      tahun buku, termasuk informasi mengenai                                               at the beginning and end of the fiscal year,
                                                                            51
                      pemegang saham yang terdaftar dalam                                                   including information on shareholders
                      daftar pemegang saham untuk kepentingan                                               registered in the shareholder register for the
                      kepemilikan tidak langsung anggota Direksi                                            benefit of indirect ownership of members of
                      dan anggota Dewan Komisaris;                                                          the Board of Directors and members of the
                                                                                                            Board of Commissioners;
               15)    Jumlah pemegang saham dan persentase                                          15)     Number of shareholders and ownership
                      kepemilikan per akhir tahun buku                      50                              percentage at the end of the fiscal year, based
                      berdasarkan klasifikasi:                                                              on:
                      a)   Kepemilikan institusi lokal;                                                     a)    Ownership of local institutions;
                      b)   Kepemilikan institusi asing;                                                     b)    Ownership of foreign institutions;
                      c)   Kepemilikan individu lokal; dan                                                  c)    Ownership of local individual; and
                      d)   Kepemilikan individu asing;                                                      d)    Ownership of foreign individual;
               16)    Informasi mengenai pemegang saham                                             16)     Information on major shareholders and
                      utama dan pengendali Emiten atau                                                      controlling shareholders the Issuers of Public
                      Perusahaan Publik, baik langsung maupun                                               Company, directly or indirectly, and also
                                                                          49-50
                      tidak langsung, sampai kepada pemilik                                                 individual shareholder, presented in the form of
                      individu, yang disajikan dalam bentuk skema                                           scheme or diagram;
                      atau bagan;
               17)    Nama entitas anak, perusahaan asosiasi,                                       17)     Name of subsidiaries, associated companies,
                      perusahaan ventura bersama dimana                                                     joint venture controlled by Issuers or Public
                      Emiten atau Perusahaan Publik memiliki                                                Company, with entity, percentage of stock
                      pengendalian bersama entitas, beserta               46-48                             ownership, line of business, total assets and
                      persentase kepemilikan saham, bidang                                                  operating status of the Issuers of Public
                      usaha, total aset, dan status operasi Emiten                                          Company (if any);
                      atau Perusahaan Publik tersebut (jika ada);
                      Untuk entitas anak, ditambahkan informasi                                             For subsidiaries, include the addresses of the
                      mengenai alamat entitas anak tersebut;                                                said subsidiaries;
               18)    Kronologi pencatatan saham, jumlah saham,                                     18)     Chronology of share listing, number of shares,
                      nilai nominal, dan harga penawaran dari awal                                          par value, and bid price from the beginning of
                      pencatatan hingga akhir tahun buku serta              51                              listing up to the end of the financial year, and
                      nama Bursa Efek dimana saham Emiten atau                                              name of Stock Exchange where the Issuers of
                      Perusahaan Publik dicatatkan (jika ada);                                              Public Company shares are listed;




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Page 284
         Kilas Kinerja               Laporan Manajemen              Profil Perusahaan         Unit Pendukung Bisnis
      Performance Highlights           Management Report              Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                  Halaman
                                       Keterangan                                                                        Description
                                                                                   Page
                      19)      Informasi pencatatan efek lainnya selain                                 19)     Other securities listing information other than
                               efek sebagaimana dimaksud pada angka 18),                                        the securities as referred to in number 18),
                               yang belum jatuh tempo pada tahun buku                                           which have not yet matured in the fiscal year,
                               paling sedikit memuat nama efek, tahun                   52                      at least contain the name of the securities,
                               penerbitan, tingkat suku bunga/imbal hasil,                                      year of issue, interest rate/yield, maturity date,
                               tanggal jatuh tempo, nilai penawaran, dan                                        offering value, and securities rating (if any);
                               peringkat efek (jika ada);
                      20)      Informasi penggunaan jasa akuntan publik                                 20)     Information on the use of a Public Accountant
                               (AP) dan kantor akuntan publik (KAP)                                             (AP) and a Public Accounting firm (KAP)
                                                                                        52
                               beserta jaringan/asosiasi/aliansinya meliputi:                                   services and their networks/associations/
                                                                                                                alliances include:
                               a)   nama dan alamat;                                                            a)      name and address;

                               b)   periode penugasan;                                                          b)      period of assignment;

                               c)   informasi jasa audit dan/atau non audit                                     c)      informasi jasa audit dan/atau non audit
                                    yang diberikan;                                                                     yang diberikan;
                               d)   biaya jasa (fee) audit dan/atau non                                         d)      Audit and/or non-audit fees for each
                                    audit untuk masing-masing penugasan                                                 assignment given during the fiscal year;
                                    yang diberikan selama tahun buku; dan                                               and


                               e)   dalam hal AP dan KAP beserta jaringan/                                      e)      In the event that AP and KAP and their
                                    asosiasi/aliansinya, yang ditunjuk tidak                                            network/association/alliance, which
                                    memberikan jasa non audit, maka                                                     are appointed do not provide non-
                                    diungkapkan mengenai informasi                                                      audit services, then the information is
                                    tersebut; dan                                                                       disclosed; and
                      21)      Nama dan alamat lembaga dan/atau profesi                                 21)     Name and address of capital market supporting
                               penunjang pasar modal selain AP dan KAP;                 53                      institutions and/or professionals other than AP
                                                                                                                and KAP
                 f.   Analisis dan Pembahasan Manajemen                                            f.   Management Discussion and Analysis
                      Analisis dan pembahasan manajemen memuat                                          Management Analysis and Discussion Annual
                      analisis dan pembahasan mengenai laporan                                          should contain discussion and analysis on financial
                      keuangan dan informasi penting lainnya dengan                                     statements and other material information
                      penekanan pada perubahan material yang terjadi                                    emphasizing material changes that occurred during
                      dalam tahun buku, yaitu paling sedikit memuat:                                    the year under review, at least including:
                      1)       Tinjauan operasi per segmen operasi                                      1)      Operational review per business segment,
                               sesuai dengan jenis industri Emiten atau                                         according to the type of industry of the Issuer
                               Perusahaan Publik, paling sedikit mengenai:                                      or Public Company including:
                               a)   Produksi, yang meliputi proses,                     102                     a)      Production, including process, capacity,
                                    kapasitas, dan perkembangannya;                                                     and growth;
                               b)   Pendapatan/penjualan; dan                                                   b)      Income/sales; and
                               c)   Profitabilitas;                                                             c)      Profitability;
                      2)       Kinerja keuangan komprehensif yang                                       2)      comprehensive financial performance analysis
                               mencakup perbandingan kinerja keuangan                                           which includes a comparison between the
                               dalam 2 (dua) tahun buku terakhir,                                               financial performance of the last 2 (two)
                               penjelasan tentang penyebab adanya                                               fiscal years, and explanation on the causes
                               perubahan dan dampak perubahan tersebut,                                         and effects of such changes, among others
                               paling sedikit mengenai:                                                         concerning:
                               a)   Aset lancar, aset tidak lancar, dan total                                   a)      Current assets, non-current assets, and
                                                                                        120
                                    aset;                                                                               total assets;
                               b)   Liabilitas jangka pendek, liabilitas                                        b)      Short term liabilities, long term liabilities,
                                                                                        121
                                    jangka panjang, dan total liabilitas;                                               total liabilities;
                               c)   Ekuitas;                                            122                     c)      Equities;
                               d)   Pendapatan/penjualan, beban, laba                                           d)      Sales/operating revenues, expenses
                                    (rugi), penghasilan komprehensif lain,                                              and profit (loss), other comprehensive
                                                                                        123
                                    dan total laba (rugi) komprehensif; dan                                             revenues, and total comprehensive profit
                                                                                                                        (loss); and
                               e)   Arus kas                                            124                     e)      Cash flows
                      3)       Kemampuan membayar utang dengan                                          3)      The capacity to pay debts by including the
                                                                                        125
                               menyajikan perhitungan rasio yang relevan;                                       computation of relevant ratios;




282      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                     www.bakrieland.com
Page 285
                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                     Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                     Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                 SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                        Halaman
                              Keterangan                                                                            Description
                                                                         Page
               4)     Tingkat kolektibilitas piutang emiten atau                                    4)      Accounts receivable collectability of the Issuer
                      perusahaan publik dengan menyajikan                                                   or Public Company, including the computation
                      perhitungan rasio yang relevan;                                                       of the relevant ratios;
               5)     Struktur modal (capital structure) dan               126                      5)      Capital structure and management policies
                      kebijakan manajemen atas struktur modal                                               concerning capital structure, including the
                      (capital structure) tersebut disertai dasar                                           basis for determining the said policy;
                      penentuan kebijakan dimaksud;
               6)     Bahasan mengenai ikatan yang material                                         6)      discussion on material ties for the investment
                      untuk investasi barang modal dengan                                                   of capital goods, including the explanation on
                      penjelasan paling sedikit meliputi:                                                   at least:
                      a)   Tujuan dari ikatan tersebut;                                                     a)    The purpose of such ties;
                      b)   Sumber dana yang diharapkan untuk                                                b)    Source of funds expected to fulfill the
                           memenuhi ikatan tersebut;                                                              said ties;
                      c)   Mata uang yang menjadi denominasi;                                               c)    Currency of denomination; and
                           dan
                      d)   Langkah yang direncanakan emiten                                                 d)    Steps taken by the Issuer of Public
                           atau perusahaan publik untuk                                                           Company to protect the position of a
                                                                           127
                           melindungi risiko dari posisi mata uang                                                related foreign currency against risks;
                           asing yang terkait;
               7)     Bahasan mengenai investasi barang modal                                       7)      Discussion on investment of capital goods
                      yang direalisasikan dalam tahun buku                                                  which was realized in the last fiscal year, at
                      terakhir, paling sedikit meliputi:                                                    least include:
                      a)   Jenis investasi barang modal;                                                    a)    Type of investment of capital goods;
                      b)   Tujuan investasi barang modal; dan                                               b)    Objective of the investment of capital
                                                                                                                  goods; and
                      c)   Nilai investasi barang modal yang                                                c)    Value of the investment of capital goods;
                           dikeluarkan;
               8)     Informasi dan fakta material yang terjadi                                     8)      Material Information and facts that occurring
                      setelah tanggal laporan akuntan (jika ada);                                           after the date of the accountant’s report
                                                                                                            (if any);
               9)     Prospek usaha dari emiten atau perusahaan                                     9)      Information on the prospects of the
                      publik dikaitkan dengan kondisi industri,                                             Issuer or the Company in connection with
                      ekonomi secara umum dan pasar                                                         industry,economy in general, accompanied
                      internasional disertai data pendukung                                                 with supporting quantitative data if there is a
                      kuantitatif dari sumber data yang layak                                               reliable data source;
                      dipercaya;
               10)    Perbandingan antara target/proyeksi pada                                      10)     Comparison between target/projection at
                      awal tahun buku dengan hasil yang dicapai                                             beginning of year and result (realization),
                      (realisasi), mengenai:                                                                concerning:
                      a)   Pendapatan/penjualan;                                                            a)    Income/sales;
                      b)   Laba (rugi);                                                                     b)    Profit (loss);
                      c)   Struktur modal (capital structure);                                              c)    Capital structure; or
                      d)   Kebijakan dividen; atau                         127                              d)    Dividend policy; or
                      e)   Hal lainnya yang dianggap penting bagi                                           e)    Others that deemed necessary for the
                           Emiten atau Perusahaan Publik;                                                         Issuer or Public Company;
               11)    Target/proyeksi yang ingin dicapai Emiten                                     11)     Target/projection at most for the next one year
                      atau Perusahaan Publik untuk 1 (satu) tahun                                           of the Issuer or Public Company, concerning:
                      mendatang, mengenai:
                      a)   Pendapatan/penjualan;                                                            a)    Income/sales;
                      b)   Laba (rugi);                                                                     b)    Profit (loss);
                      c)   Struktur modal (capital structure);                                              c)    Capital structure; or
                      d)   Kebijakan dividen; atau                                                          d)    Dividend policy;
                      e)   Hal lainnya yang dianggap penting bagi                                           e)    Or others that deemed necessary for the
                           Emiten atau Perusahaan Publik;                                                         Issuer or Public Company;




www.bakrieland.com                                                          PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                               283
Page 286
         Kilas Kinerja               Laporan Manajemen              Profil Perusahaan         Unit Pendukung Bisnis
      Performance Highlights           Management Report              Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                  Halaman
                                       Keterangan                                                                        Description
                                                                                   Page
                      12)      Aspek pemasaran atas barang dan/atau                                     12)     Marketing aspects of the company’s products
                               jasa Emiten atau Perusahaan Publik, paling                                       and/or services the Issuer or Public Company,
                                                                                        129
                               sedikit mengenai strategi pemasaran dan                                          among others marketing strategy and market
                               pangsa pasar;                                                                    share;
                      13)      Uraian mengenai dividen selama 2 (dua)                                   13)     Description regarding the dividend policy
                               tahun buku terakhir (jika ada), paling sedikit:                                  during the last 2 (two) fiscal years, at least:
                               a)   Kebijakan dividen;                                                          a)      Dividend policy;
                               b)   Tanggal pembayaran dividen kas dan/                                         b)      The date of the payment of cash dividend
                                    atau tanggal distribusi dividen non kas;                                            and/or date of distribution of non-cash
                                                                                                                        dividend;
                               c)   Jumlah dividen per saham (kas dan/                                          c)      Amount of cash per share (cash and/or
                                    atau non kas); dan                                                                  non cash); and
                               d)   Jumlah dividen per tahun yang dibayar;                                      d)      Amount of dividend per year paid;
                               Dalam hal Emiten atau Perusahaan Publik                                          Disclosure of information can be presented
                               tidak membagikan dividen dalam 2 (dua)                                           in tabular form. In the event that the Issuer or
                               tahun terakhir, maka diungkapkan mengenai                                        Public Company does not distribute dividends
                               hal tersebut.                                                                    in the last 2 (two) years, this matter shall be
                                                                                                                disclosed.
                                                                                        130
                      14)      Realisasi penggunaan dana hasil Penawaran                                14)     Use of proceeds from Public Offerings, under
                               Umum, dengan ketentuan:                                                          the condition of:
                               a)   Dalam hal selama tahun buku, Emiten                                         a)      during the year under review, on which
                                    memiliki kewajiban menyampaikan                                                     the Issuer has the obligation to report the
                                    laporan realisasi penggunaan                                                        realization of the use of proceeds, then
                                    dana, maka diungkapkan realisasi                                                    the realization of the cumulative use of
                                    penggunaan dana hasil Penawaran                                                     proceeds until the year end should be
                                    Umum secara kumulatif sampai dengan                                                 disclosed; and
                                    akhir tahun buku; dan
                               b)   Dalam hal terdapat perubahan                                                b)      In the event that there were changes
                                    penggunaan dana sebagaimana                                                         in the use of proceeds as stipulated in
                                    diatur dalam Peraturan Otoritas Jasa                                                the Regulation of the Financial Services
                                    Keuangan tentang Laporan Realisasi                                                  Authority on the Report of the Utilization
                                    Penggunaan Dana Hasil Penawaran                                                     of Proceeds from Public Offering, then
                                    Umum, maka Emiten menjelaskan                                                       Issuer should explain the said changes;
                                    perubahan tersebut;
                      15)      Informasi material (jika ada), antara lain                               15)     Material information (if any), among others
                               mengenai investasi, ekspansi, divestasi,                                         concerning investment, expansion, divestment,
                               penggabungan/peleburan usaha, akuisisi,                                          acquisition, debt/capital restructuring,
                               restrukturisasi utang/modal, transaksi                                           transactions with related parties and
                               Afiliasi, dan transaksi yang mengandung                                          transactions with conflict of interest that
                               benturan kepentingan, yang terjadi pada                  131                     occurred during the year under review, among
                               tahun buku, antara lain memuat:                                                  others include:
                               a)   Tanggal, nilai, dan objek transaksi;                                        a)      Transaction date, value, and object;
                               b)   Nama pihak yang melakukan transaksi;                                        b)      Name of transacting parties;




284      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                   www.bakrieland.com
Page 287
                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                     Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                     Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                 SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                        Halaman
                                Keterangan                                                                          Description
                                                                         Page
                      c)   Sifat hubungan Afiliasi (jika ada);                                              c)    Nature of related parties (if any);
                      d)   Penjelasan mengenai kewajaran                                                    d)    Description of the fairness of the
                           transaksi; dan                                                                         transaction; and
                      e)   Pemenuhan ketentuan terkait;                                                     e)    Compliance with related rules and
                                                                                                                  regulations;
                      f)   dalam hal terdapat hubungan afiliasi,                                            f)    In the event that there is an affiliation
                           selain mengungkapkan informasi                                                         relationship, apart from disclosing the
                           sebagaimana dimaksud dalam                                                             information as referred to in letter a) to
                           huruf a) sampai dengan huruf e),                                                       letter e), the Issuer or Public Company
                           Emiten atau Perusahaan Publik juga                                                     also discloses information:
                           mengungkapkan informasi:
                           1)    Pernyataan Direksi bahwa                                                         1)     A statement from the Board
                                 transaksi afiliasi telah melalui                                                        of Directors that the affiliate
                                 prosedur yang memadai untuk                                                             transaction has gone through
                                 memastikan bahwa transaksi                                                              adequate procedures to ensure that
                                 afiliasi dilaksanakan sesuai dengan                                                     the affiliate transaction is carried
                                 praktik bisnis yang berlaku umum                                                        out in accordance with generally
                                 antara lain dilakukan dengan                                                            accepted business practices, by
                                 memenuhi prinsip transaksi yang                                                         complying with the arms-length
                                 wajar (arms- length principle); dan                                                     principle; and


                           2)    Peran Dewan Komisaris dan                                                        2)     The role of the Board of
                                 komite audit dalam melakukan                                                            Commissioners and the audit
                                 prosedur yang memadai untuk                                                             committee in carrying out adequate
                                 memastikan bahwa transaksi                                                              procedures to ensure that affiliated
                                 afiliasi dilaksanakan sesuai dengan                                                     transactions are carried out in
                                 praktik bisnis yang berlaku umum                                                        accordance with generally accepted
                                 antara lain dilakukan dengan                                                            business practices, by complying
                                 memenuhi prinsip transaksi yang                                                         with the arms-length principle;
                                 wajar (arms- length principle);
                      g)   Dalam hal transaksi afiliasi atau                                                g)    For affiliated transactions or material
                           transaksi material dimaksud telah                                                      transactions which are business activities
                           diungkapkan dalam laporan keuangan                                                     carried out to generate business income
                           tahunan, ditambahkan informasi                                                         and are carried out regularly, repeatedly,
                           mengenai rujukan pengungkapan                                                          and/or continuously, an explanation is
                           dalam laporan keuangan tahunan                                                         added that the affiliated transactions
                           tersebut.                                                                              or material transactions are business
                                                                                                                  activities carried out to generate
                                                                                                                  operating income. and run regularly,
                                                                                                                  repeatedly, and/or continuously;


                      h)   Untuk pengungkapan transaksi                                                     h)    For disclosure of affiliated transactions
                           afiliasi dan/atau transaksi benturan                                                   and/or conflict of interest transactions
                           kepentingan yang merupakan hasil                                                       resulting from the implementation of
                           pelaksanaan transaksi afiliasi dan/                                                    affiliated transactions and/or conflict
                           atau transaksi benturan kepentingan                                                    of interest transactions that have been
                           yang telah disetujui pemegang saham                                                    approved by independent shareholders,
                           independen, ditambahkan informasi                                                      additional information regarding the date
                           mengenai tanggal pelaksanaan RUPS                                                      of the GMS which approved the affiliated
                           yang menyetujui transaksi afiliasi dan/                                                transactions and/or conflict of interest
                           atau transaksi benturan kepentingan                                                    transactions is added;
                           tersebut;
                      i)   Dalam hal tidak terdapat transaksi                                               i)    In the event that there is no affiliated
                           afiliasi dan/atau transaksi benturan                                                   transaction and/or conflict of interest
                           kepentingan, maka diungkapkan                                                          transaction, then this shall be disclosed;
                           mengenai hal tersebut;




www.bakrieland.com                                                          PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report
                                                                                                                                                                285
Page 288
         Kilas Kinerja               Laporan Manajemen             Profil Perusahaan         Unit Pendukung Bisnis
      Performance Highlights              Management Report          Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                 Halaman
                                          Keterangan                                                                    Description
                                                                                  Page
                      16)      Perubahan ketentuan peraturan perundang-                                16)     Changes in regulation which have a significant
                               undangan yang berpengaruh signifikan                                            effect on the Issuer or Public Company and
                               terhadap Emiten atau Perusahaan Publik dan                                      impacts on the company (if any); and
                               dampaknya terhadap laporan keuangan (jika
                               ada); dan                                               134

                      17)      Perubahan kebijakan akuntansi, alasan dan                               17)     Changes in the accounting policy, rationale and
                               dampaknya terhadap laporan keuangan (jika                                       impact on the financial statement (if any);
                               ada);
                 g.   Tata Kelola Emiten atau Perusahaan Publik                                   g.   Corporate Governance of the Issuer or Public
                                                                                                       Company
                      Tata kelola Emiten atau Perusahaan Publik paling                                 Corporate Governance of the Issuer or Public
                      sedikit memuat uraian singkat mengenai:                                          Company contains at least:
                      1)       RUPS, paling sedikit memuat:                        161-168             1)      GMS, at least contains:
                               a)   Informasi mengenai keputusan RUPS                                                  a)   Information regarding the
                                    pada tahun buku dan 1 (satu) tahun                                                      resolutions of the GMS in the fiscal
                                    sebelum tahun buku meliputi:                                                            year and 1 (one) year prior to the
                                                                                                                            fiscal year include:
                                    1)     keputusan RUPS pada tahun buku                                                   1)    Resolutions of the GMS in the
                                           dan 1 (satu) tahun sebelum tahun                                                       fiscal year and 1 (one) year
                                           buku yang direalisasikan pada                                                          before the fiscal year realized
                                           tahun buku; dan                                                                        in the fiscal year; and


                                    2)     keputusan RUPS pada tahun buku                                                   2)    Resolutions of the GMS in the
                                           dan 1 (satu) tahun sebelum tahun                                                       fiscal year and 1 (one) year
                                           buku yang belum direalisasikan                                                         before the fiscal year that
                                           beserta alasan belum                                                                   have not been realized and the
                                           direalisasikan;                                                                        reasons for not realizing them;
                               b)   dalam hal Emiten atau Perusahaan                                                   b)   In the event that the Issuer or Public
                                    Publik menggunakan pihak independen                                                     Company uses an independent
                                    dalam pelaksanaan RUPS untuk                                                            party in the conduct of the GMS to
                                    melakukan perhitungan suara, maka                                                       calculate the votes, then this matter
                                    diungkapkan mengenai hal tersebut;                                                      shall be disclosed;
                      2)       Direksi, mencakup antara lain:                                          2)      The Board of Directors, covering:
                               a)   Tugas dan tanggung jawab masing-                                                   a)   The tasks and responsibilities of
                                    masing anggota Direksi;                            175                                  each member of the Board of
                                                                                                                            Directors;
                               b)   Pernyataan bahwa Direksi memiliki                                                  b)   Statement that the Board of
                                    pedoman atau piagam (charter) Direksi;        178-179                                   Directors has already have board
                                                                                                                            manual or charter;
                               c)   Kebijakan dan pelaksanaan tentang                                                  c)   Policies and implementation of
                                    frekuensi rapat Direksi, termasuk rapat                                                 the frequency of meetings of the
                                    bersama Dewan Komisaris, dan tingkat                                                    Board of Directors, meetings of the
                                    kehadiran anggota Direksi dalam rapat                                                   Board of Directors with the Board
                                                                                  176-177
                                    tersebut termasuk tingkat kehadiran                                                     of Commissioners, and the level
                                    dalam RUPS;                                                                             of attendance of members of the
                                                                                                                            Board of Directors in the meeting
                                                                                                                            including attendance at the GMS;
                               d)   pelatihan dan/atau peningkatan                                                     d)   Training and/or competency
                                    kompetensi anggota Direksi:                        179                                  development of members of the
                                                                                                                            Board of Directors:
                                    (1)    kebijakan pelatihan dan/atau                                                     (1)   Policies for training and/or
                                           peningkatan kompetensi anggota                                                         improving the competence
                                           Direksi, termasuk program                                                              of members of the Board
                                           orientasi bagi anggota Direksi                                                         of Directors, including an
                                           yang baru diangkat (jika ada); dan                                                     orientation program for newly
                                                                                                                                  appointed members of the
                                                                                                                                  Board of Directors (if any); and
                                    (2)    pelatihan dan/atau peningkatan                                                   (2)   Training and/or competency
                                           kompetensi yang diikuti anggota                                                        improvement attended by
                                           Direksi dalam tahun buku (jika                                                         members of the Board of
                                           ada);                                                                                  Directors in the fiscal year (if
                                                                                                                                  any);




286      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                  www.bakrieland.com
Page 289
                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                     Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                     Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                 SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                        Halaman
                                 Keterangan                                                                         Description
                                                                         Page
                      e)   penilaian Direksi terhadap kinerja                                                     e)     The Board of Directors’ assessment
                           komite yang mendukung pelaksanaan                                                             of the performance of the
                           tugas Direksi pada tahun buku paling                                                          committees that support the
                                                                           180
                           sedikit memuat:                                                                               implementation of the Board of
                                                                                                                         Directors’ duties for the fiscal year
                                                                                                                         shall at least contain:
                           (1)    prosedur penilaian kinerja; dan                                                        (1)      Performance appraisal
                                                                                                                                  procedures; and
                           (2)    kriteria yang digunakan seperti                                                        (2)      The criteria used are
                                  capaian kinerja selama tahun                                                                    performance achievements
                                  buku, kompetensi dan kehadiran                                                                  during the fiscal year, are
                                  dalam rapat; dan                                                                                competence and attendance
                                                                                                                                  at meetings; and
                      f)   dalam hal Emiten atau Perusahaan                                                       f)     In the event that the Issuer or
                           Publik tidak memiliki komite yang                                                             Public Company does not have
                           mendukung pelaksanaan tugas Direksi,                                                          a committee that supports the
                                                                           N/R
                           maka diungkapkan mengenai hal                                                                 implementation of the duties of the
                           tersebut.                                                                                     Board of Directors, this matter shall
                                                                                                                         be disclosed.
               3)     Dewan Komisaris, mencakup antara lain:                                        3)      The Board of Commissioners, among others
                                                                         168-172
                                                                                                            include:
                      a)   Tugas dan tanggung jawab Dewan                                                   a)    Duties and responsibilities of the Board of
                                                                           169
                           Komisaris;                                                                             Commissioners;
                      b)   Pernyataan bahwa Dewan Komisaris                                                 b)    Statement that the Board of
                           memiliki pedoman atau piagam                     171                                   Commissioners has already have the
                           (charter) Dewan Komisaris;                                                             board manual or charter;
                      c)   Kebijakan dan pelaksanaan tentang                                                c)    Policies and implementation of the
                           frekuensi rapat Dewan Komisaris,                                                       frequency of meetings of the Board of
                           termasuk rapat bersama Direksi, dan                                                    Commissioners, meetings of the Board
                           tingkat kehadiran anggota Dewan                                                        of Commissioners with the Board of
                                                                         169-170
                           Komisaris dalam rapat tersebut                                                         Directors and the level of attendance of
                           termasuk tingkat kehadiran dalam                                                       members of the Board of Commissioners
                           RUPS;;                                                                                 in these meetings including attendance
                                                                                                                  at the GMS;
                      d)   pelatihan dan/atau peningkatan                                                   d)    Training and/or competency
                           kompetensi anggota Dewan Komisaris:              171                                   improvement of members of the Board of
                                                                                                                  Commissioners:
                           (1)    kebijakan pelatihan dan/atau                                                    (1)    Policy on competency training and/
                                  peningkatan kompetensi anggota                                                         or development of members of the
                                  Dewan Komisaris, termasuk                                                              Board of Commissioners, including
                                  program orientasi bagi anggota                                                         orientation programs for newly
                                  Dewan Komisaris yang baru                                                              appointed members of the Board of
                                  diangkat (jika ada); dan                                                               Commissioners (if any); and
                           (2)    pelatihan dan/atau peningkatan                                                  (2)    Competency training and/or
                                  kompetensi yang diikuti anggota                                                        development attended by members
                                  Dewan Komisaris dalam tahun                                                            of the Board of Commissioners in
                                  buku (jika ada);                                                                       the fiscal year (if any);
                      e)   penilaian terhadap kinerja anggota                                               e)    The assessment on the performance
                           Direksi dan anggota Dewan Komisaris                                                    of the Board of Directors and Board of
                                                                         180-181
                           dan pelaksanaannya, paling sedikit                                                     Commissioners and the implementation,
                           memuat:                                                                                at least covering:
                           (1)    Prosedur pelaksanaan penilaian                                                  (1)    procedure for the implementation of
                                  kinerja;                                                                               performance assessment;
                           (2)    Kriteria yang digunakan seperti                                                 (2)    Criteria used are performance
                                  capaian kinerja selama tahun                                                           achievements during the fiscal year,
                                  buku, kompetensi dan kehadiran                                                         competency and attendance at
                                  dalam rapat; dan                                                                       meetings; and
                           (3)    Pihak yang melakukan penilaian;                                                 (3)    Assessor;




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Page 290
         Kilas Kinerja               Laporan Manajemen             Profil Perusahaan          Unit Pendukung Bisnis
      Performance Highlights              Management Report           Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                  Halaman
                                          Keterangan                                                                     Description
                                                                                   Page
                               f)   penilaian Dewan Komisaris terhadap                                          f)      Board of Commissioners’ assessment of
                                    kinerja Komite yang mendukung                                                       the performance of the Committees that
                                    pelaksanaan tugas Dewan Komisaris                   172                             support the implementation of the duties
                                    pada tahun buku meliputi:                                                           of the Board of Commissioners in the
                                                                                                                        fiscal year includes:
                                    (1)    prosedur penilaian kinerja; dan                                              (1)   Performance appraisal procedures;
                                                                                                                              and
                                    (2)    kriteria yang digunakan seperti                                              (2)   The criteria used are performance
                                           capaian kinerja selama tahun                                                       achievements during the fiscal year,
                                           buku, kompetensi dan kehadiran                                                     competency and attendance at
                                           dalam rapat;                                                                       meetings;
                      4)       Nominasi dan remunerasi Direksi dan Dewan                                4)      The nomination and remuneration of the Board
                               Komisaris, paling sedikit memuat:                                                of Directors and the Board of Commissioners
                                                                                                                shall at least contain:
                               a)   prosedur nominasi, meliputi uraian                                          a)      Nomination procedure, including a brief
                                    singkat mengenai kebijakan dan proses                                               description of the policies and process for
                                    nominasi anggota Direksi dan/atau                                                   nomination of members of the Board of
                                    anggota Dewan Komisaris; dan                                                        Directors and/or members of the Board of
                                                                                                                        Commissioners; and
                               b)   prosedur dan pelaksanaan remunerasi                                         b)      Procedures and implementation of
                                    Direksi dan Dewan Komisaris, antara                                                 remuneration for the Board of Directors
                                                                                   181-182
                                    lain:                                                                               and the Board of Commissioners, among
                                                                                                                        others:
                                    (1)    prosedur penetapan remunerasi                                                (1)   Procedures for determining
                                           Direksi dan Dewan Komisaris;                                                       remuneration for the Board
                                                                                                                              of Directors and the Board of
                                                                                                                              Commissioners;
                                    (2)    struktur remunerasi Direksi dan                                              (2)   The remuneration structure of the
                                           Dewan Komisaris seperti, gaji,                                                     Board of Directors and the Board
                                           tunjangan, tantiem/bonus dan                                                       of Commissioners such as salary,
                                           lainnya; dan                                                                       allowances, tantiem/bonus and
                                                                                                                              others; and
                                    (3)    besarnya remunerasi masing-                                                  (3)   The amount of remuneration for
                                           masing anggota Direksi dan                                                         each member of the Board of
                                           anggota Dewan Komisaris;                                                           Directors and member of the Board
                                                                                                                              of Commissioners
                      5)       Dewan Pengawas Syariah, bagi Emiten                                      5)      Sharia Supervisory Board, for Issuer or Public
                               atau Perusahaan Publik yang menjalankan                                          Company that conduct business based on
                               kegiatan usaha berdasarkan prinsip syariah               N/R                     sharia law, as stipulated in the articles of
                               sebagaimana tertuang dalam anggaran                                              association, at least containing:
                               dasar, paling sedikit memuat:
                               a)   nama;                                                                       a)      name;
                               b)   dasar hukum pengangkatan dewan                                              b)      Legal basis for the appointment of the
                                    pengawas syariah;                                                                   sharia supervisory board;
                               c)   periode penugasan dewan pengawas                                            c)      Period of assignment of the sharia
                                    syariah;                                                                            supervisory board;
                               d)   tugas dan tanggung jawab Dewan                                              d)      duty and responsibility of Sharia
                                    Pengawas Syariah; dan                                                               Supervisory Board; and
                               e)   frekuensi dan cara pemberian                                                e)      frequency and procedure in providing
                                    nasihat dan saran serta pengawasan                                                  advice and suggestion, as well as the
                                    pemenuhan Prinsip Syariah di                                                        compliance of Sharia Principles by the
                                    Pasar Modal terhadap Emiten atau                                                    Issuer or Public Company in the Capital
                                    Perusahaan Publik;                                                                  Market;




288      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                   www.bakrieland.com
Page 291
                                                                                           Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                      Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                      Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                     Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                  SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                         Halaman
                                 Keterangan                                                                          Description
                                                                          Page
               6)     Komite Audit, mencakup antara lain:                                            6)      Audit Committee, among others covering:
                      a)   Nama dan jabatannya dalam                                                         a)    Name and position in the committee;
                           keanggotaan komite;
                      b)   Usia;                                                                             b)    Age;
                                                                          184-188
                      c)   Kewarganegaraan;                                                                  c)    Citizenship;
                      d)   Riwayat pendidikan;                                                               d)    Education background;
                      e)   Riwayat jabatan, meliputi informasi:                                              e)    History of position; including:
                           (1)     Dasar hukum untuk pengangkatan                                                  (1)    Legal basis for appointment as
                                   sebagai anggota komite;                                                                committee member;
                           (2)     Rangkap jabatan, baik sebagai                                                   (2)    Dual position, as member of Board
                                   anggota Dewan Komisaris,                                                               of Commissioners, member of
                                   anggota Direksi, dan/atau anggota                                                      Board of Directors, and/or member
                                   komite serta jabatan lainnya (jika                                                     of committee, and other position (if
                                   ada); dan                                                                              any); and
                           (3)     Pengalaman kerja beserta periode                                                (3)    working experience and period in
                                   waktunya baik di dalam maupun                                                          and outside the Issuer or Public
                                   di luar Emiten atau Perusahaan                                                         Company;
                                   Publik;
                      f)   Periode dan masa jabatan anggota                                                  f)    Period and terms of office of the member
                                                                          184-188
                           Komite Audit;                                                                           of Audit Committee;
                      g)   Pernyataan independensi Komite Audit;                                             g)    statement of independence of the Audit
                                                                            188
                                                                                                                   Committee;
                      h)   Pendidikan dan/atau pelatihan yang                                                h)    Training and/or competency
                           telah diikuti dalam tahun buku (jika              191                                   improvement that have been followed in
                           ada); dan                                                                               the fiscal year (if any);
                      i)   Kebijakan dan pelaksanaan tentang                                                 i)    Policies and implementation of the
                           frekuensi rapat Komite Audit dan                                                        frequency of audit committee meetings
                           tingkat kehadiran anggota Komite               190-191                                  and the level of attendance of audit
                           Audit dalam rapat tersebut;                                                             committee members in those meetings;
                                                                                                                   and
                      j)   Pelaksanaan kegiatan Komite Audit                                                 j)    the activities of the Audit Committee in
                           pada tahun buku sesuai dengan yang                                                      the year under review, in accordance with
                                                                          191-193
                           dicantumkan dalam pedoman atau                                                          the Audit Committee Charter;
                           piagam (charter) Komite Audit;
               7)     Komite atau fungsi nominasi dan remunerasi                                     7)      The nomination and remuneration committee
                      Emiten atau Perusahaan Publik, paling                                                  or function of the Issuer or Public Company, at
                      sedikit memuat:                                                                        least containing:




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Page 292
         Kilas Kinerja               Laporan Manajemen             Profil Perusahaan         Unit Pendukung Bisnis
      Performance Highlights              Management Report          Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                 Halaman
                                          Keterangan                                                                    Description
                                                                                  Page
                               a)   Nama dan jabatannya dalam                                                  a)      Name and position in committee
                                    keanggotaan komite;                                                                membership;
                               b)   Usia;                                                                      b)      Age;
                               c)   Kewarganegaraan;                                                           c)      Nationality;
                               d)   Riwayat pendidikan;                                                        d)      Educational history;
                               e)   Riwayat jabatan, meliputi informasi:                                       e)      Position history, including information on:
                                    (1)    Dasar hukum penunjukan sebagai                                              (1)    Legal basis for appointment as
                                           anggota komite;                                                                    committee member;
                                    (2)    Rangkap jabatan, baik sebagai          194-196                              (2)    Concurrent positions, either
                                           anggota Dewan Komisaris,                                                           as a member of the Board of
                                           anggota Direksi, dan/atau anggota                                                  Commissioners, member of
                                           komite serta jabatan lainnya (jika                                                 the Board of Directors, and/or
                                           ada); dan                                                                          committee member and other
                                                                                                                              positions (if any); and
                                    (3)    Pengalaman kerja beserta periode                                            (3)    Work experience and period of time
                                           waktunya baik di dalam maupun                                                      both inside and outside the Issuer or
                                           di luar Emiten atau Perusahaan                                                     Public Company;
                                           Publik;
                               f)   Periode dan masa jabatan anggota                                           f)      Period and term of office of the
                                    komite;                                                                            committee members;
                               g)   Pernyataan independensi komite;                    196                     g)      Statement of committee independence;
                               h)   Pendidikan dan/atau pelatihan yang                                         h)      Training and/or competency
                                    telah diikuti dalam tahun buku (jika               199                             improvement that have been followed in
                                    ada); dan                                                                          the fiscal year (if any);
                               i)   Uraian tugas dan tanggung jawab;                                           i)      Description of duties and responsibilities;
                               j)   Pernyataan bahwa telah memiliki                    197                     j)      A statement that it has a guideline or
                                    pedoman atau piagam (charter)                                                      charter;
                                    komite;
                               k)   Kebijakan dan pelaksanaan tentang                                          k)      Policies and implementation of the
                                    frekuensi rapat komite dan tingkat                                                 frequency of meetings and the level of
                                                                                  197-198
                                    kehadiran anggota komite dalam rapat                                               attendance of members at the meeting;
                                    tersebut;
                               l)   Uraian singkat pelaksanaan kegiatan                                        l)      Brief description of the implementation
                                                                                  199-201
                                    pada tahun buku; dan                                                               of activities in the fiscal year; and
                               m)   Dalam hal tidak dibentuk komite                                            m)      In the event that no nomination and
                                    nominasi dan remunerasi, Emiten                                                    remuneration committee is formed, the
                                    atau Perusahaan Publik cukup                                                       Issuer or Public Company is sufficient to
                                    mengungkapkan informasi                            N/A                             disclose the information as referred to in
                                    sebagaimana dimaksud dalam                                                         letter i) to letter l) and disclose:
                                    huruf i) sampai dengan huruf l) dan
                                    mengungkapkan:
                                    (1)    alasan tidak dibentuknya komite;                                            (1)    Reasons for not forming the
                                           dan                                                                                committee; and
                                    (2)    pihak yang melaksanakan fungsi                                              (2)    The party carrying out the
                                           nominasi dan remunerasi;                                                           nomination and remuneration
                                                                                                                              function;




290      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                   www.bakrieland.com
Page 293
                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                     Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                     Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                 SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                        Halaman
                                 Keterangan                                                                         Description
                                                                         Page
               8)     Komite lain yang dimiliki Emiten atau                                         8)      Other committees owned by Issuers or Public
                      Perusahaan Publik dalam rangka mendukung                                              Companies in order to support the functions
                      fungsi dan tugas Direksi (jika ada) dan/atau                                          and tasks of the Board of Directors (if any) and/
                      komite yang mendukung fungsi dan tugas                                                or committees that support the functions and
                      Dewan Komisaris, paling sedikit memuat:                                               duties of the Board of Commissioners, the
                                                                                                            least contains:
                      a)   Nama dan jabatannya dalam                                                        a)    Name and position in the Committee;
                           keanggotaan komite;
                      b)   Usia;                                                                            b)    Age;
                      c)   Kewarganegaraan;                                                                 c)    Citizenship;
                      d)   Riwayat pendidikan;                                                              d)    Education background;
                      e)   Riwayat jabatan, meliputi informasi:                                             e)    History of position, including:
                           (1)    Dasar hukum penunjukan sebagai                                                  (1)    Legal basis for the appointment as
                                  anggota komite;                                                                        member of the committee;
                           (2)    Rangkap jabatan, baik sebagai                                                   (2)    Dual position, as member of Board
                                  anggota Dewan Komisaris,                                                               of Commissioners, member of
                                  anggota Direksi, dan/atau anggota                                                      Board of Directors, and/or member
                                  komite serta jabatan lainnya (jika                                                     of committee, and other position (if
                                  ada); dan                                                                              any); and
                           (3)    Pengalaman kerja beserta periode                                                (3)    Working experience and period in
                                  waktunya baik di dalam maupun            N/A                                           and outside the Issuer or Public
                                  di luar Emiten atau Perusahaan                                                         Company;
                                  Publik;
                      f)   Periode dan masa jabatan anggota                                                 f)    Period and terms of office of the member
                           komite;                                                                                of Audit Committee;
                      g)   Pernyataan independensi komite;                                                  g)    Statement of committee independence;
                      h)   Pendidikan dan/atau pelatihan yang                                               h)    Training and/or competency
                           telah diikuti dalam tahun buku (jika                                                   improvement that have been followed in
                           ada); dan                                                                              the fiscal year (if any); and


                      i)   Uraian tugas dan tanggung jawab;                                                 i)    Description of duties and responsibilities;


                      j)   Pernyataan bahwa telah memiliki                                                  j)    A statement that the committee has had
                           pedoman atau piagam (charter)                                                          guidelines or charters;
                           komite;
                      k)   Kebijakan dan pelaksanaan tentang                                                k)    Policies and implementation of the
                           frekuensi rapat komite dan tingkat                                                     frequency of committee meetings and
                           kehadiran anggota komite dalam rapat                                                   the level of attendance of committee
                           tersebut;                                                                              members at the meeting; and
                      l)   uraian singkat pelaksanaan kegiatan                                              l)    A brief description of the committee’s
                           pada tahun buku; dan                                                                   activities for the fiscal year;
               9)     Sekretaris Perusahaan, mencakup antara                                        9)      Corporate Secretary, including:
                      lain:
                      a)   nama;                                                                            a)    name;
                      b)   domisili;                                       202                              b)    domicile;
                      c)   riwayat jabatan, meliputi informasi:                                             c)    history of position, including:
                           (1)    dasar hukum penunjukan sebagai                                                  (1)    legal basis for the appointment as
                                  Sekretaris Perusahaan; dan                                                             Corporate Secretary; and
                           (2)    pengalaman kerja beserta periode                                                (2)    working experience and period in
                                  waktunya baik di dalam maupun                                                          and outside the Issuer or Public
                                  di luar Emiten atau Perusahaan                                                         Company;
                                  Publik;




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                                                                                                                                                                291
Page 294
         Kilas Kinerja               Laporan Manajemen              Profil Perusahaan          Unit Pendukung Bisnis
      Performance Highlights              Management Report            Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                   Halaman
                                          Keterangan                                                                      Description
                                                                                    Page
                               d)   riwayat pendidikan;                                  202                     d)      education background;
                               e)   pendidikan dan/atau pelatihan yang                                           e)      education and/or training during the year
                                                                                    203-206
                                    diikuti dalam tahun buku; dan                                                        under review; and
                               f)   uraian singkat pelaksanaan tugas                                             f)      brief description on the implementation
                                    Sekretaris Perusahaan pada tahun                                                     of duties of the Corporate Secretary in
                                                                                         207
                                    buku;                                                                                the year under review;


                      10)      Unit Audit Internal, mencakup antara lain:                                10)     Internal Audit Unit, among others including:
                               a)   Nama kepala Unit Audit Internal;                                             a)      Name of Head of Internal Audit Unit;
                                                                                         210
                               b)   Riwayat jabatan, meliputi informasi:                                         b)      History of position, including:
                                    (1)    Dasar hukum penunjukan sebagai                                                (1)   Legal basis for the appointment as
                                           Kepala Audit Internal; dan                                                          Head of Internal Audit Unit; and
                                    (2)    Pengalaman kerja beserta periode                                              (2)   Working experience and period in
                                           waktunya baik di dalam maupun                                                       and outside the Issuer or Public
                                           di luar Emiten atau Perusahaan                                                      Company;
                                           Publik;
                               c)   Kualifikasi atau sertifikasi sebagai                                         c)      Qualification or certification as internal
                                                                                         210
                                    profesi audit internal (jika ada);                                                   auditor (if any);
                               d)   Pendidikan dan/atau pelatihan yang                                           d)      Education and/or training during the year
                                                                                         212
                                    diikuti dalam tahun buku;                                                            under review;
                               e)   Struktur dan kedudukan Unit Audit                                            e)      Structure and position of Internal Audit
                                                                                         210
                                    Internal;                                                                            Unit;
                               f)   Uraian tugas dan tanggung jawab;                                             f)      Description of duties and responsibilities;
                               g)   Pernyataan bahwa telah memiliki                  211-212                     g)      Statement that the Internal Audit Unit has
                                    pedoman atau piagam (charter) Unit                                                   already have Internal Audit Unit charter;
                                    Audit Internal; dan                                                                  and
                               h)   Uraian singkat pelaksanaan tugas Unit                                        h)      Brief description on the implementation
                                    Audit Internal pada tahun buku;                 212-213                              of duty of Internal Audit Unit during the
                                                                                                                         year under review;
                      11)      Uraian mengenai sistem pengendalian                                       11)     Description on internal control system adopted
                               internal (internal control) yang diterapkan                                       by the Issuer or Public Company, at least
                               oleh Emiten atau Perusahaan Publik, paling                                        covering:
                               sedikit mengenai:
                               a)   Pengendalian keuangan dan                                                    a)      Financial and operational control, and
                                    operasional, serta kepatuhan terhadap                                                compliance to the other prevailing rules;
                                                                                    214-215
                                    peraturan perundang-undangan                                                         and
                                    lainnya; dan
                               b)   Tinjauan atas efektivitas sistem                                             b)      Review on the effectiveness of internal
                                                                                         215
                                    pengendalian internal;                                                               control systems;
                               c)   Pernyataan Direksi dan/atau Dewan                                            c)      Statement of the Board of Directors
                                    Komisaris atas kecukupan sistem                 215-216                              and/or Board of Commissioners on the
                                    pengendalian internal;                                                               adequacy of the internal control system;
                      12)      Sistem manajemen risiko yang diterapkan                                   12)     Risk management system implemented by the
                               oleh Emiten atau Perusahaan Publik, paling                                        company, at least includes:
                               sedikit mengenai:
                               a)   Gambaran umum mengenai sistem                                                a)      General description about the company’s
                                    manajemen risiko Emiten atau                    216-217                              risk management system the Issuer or
                                    Perusahaan Publik;                                                                   Public Company;
                               b)   Jenis risiko dan cara pengelolaannya;                                        b)      Types of risk and the management; and
                                                                                    217-221
                                    dan
                               c)   Tinjauan atas efektivitas sistem                                             c)      Review the effectiveness of the risk
                                    manajemen risiko Emiten atau                         222                             management system applied by the
                                    Perusahaan Publik;                                                                   Issuer or Public Company;
                               d)   Pernyataan Direksi dan/atau Dewan                                            d)      Statement of the Board of Directors and/
                                    Komisaris atau komite audit atas                                                     or the Board of Commissioners or the
                                                                                         223
                                    kecukupan sistem manajemen risiko;                                                   audit committee on the adequacy of the
                                                                                                                         risk management system;




292      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                                     www.bakrieland.com
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                                                                                         Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                    Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                    Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                   Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                       Halaman
                              Keterangan                                                                           Description
                                                                        Page
               13)    Perkara hukum yang berdampak material                                        13)     Legal cases that have a material impact faced
                      yang dihadapi oleh Emiten atau Perusahaan                                            by Issuers or Public Companies, subsidiaries,
                      Publik, entitas anak, anggota Direksi dan           225                              members of the Board of Directors and
                      anggota Dewan Komisaris (jika ada), antara                                           members of the Board of Commissioners (if
                      lain meliputi:                                                                       any), at least contain:
                      a)   Pokok perkara/gugatan;                                                          a)    Substance of the case/claim;
                      b)   Status penyelesaian perkara/gugatan;                                            b)    Status of settlement of case/claim; and
                           dan
                      c)   Pengaruhnya terhadap kondisi Emiten                                             c)    Potential impacts on the condition of the
                           atau Perusahaan Publik;                                                               Issuer or Public Company;
               14)    Informasi tentang sanksi administratif yang                                  14)     information about administrative sanctions
                      dikenakan kepada Emiten atau Perusahaan                                              imposed to Issuer or Public Company,
                      Publik, anggota Dewan Komisaris dan                                                  members of the Board of Commissioners and
                                                                          225
                      Direksi, oleh otoritas Pasar Modal dan                                               the Board of Directors, by the Capital Market
                      otoritas lainnya pada tahun buku (jika ada);                                         Authority and other authorities during the last
                                                                                                           fiscal year (if any);
               15)    Informasi mengenai kode etik Emiten atau                                     15)     information about codes of conduct of the
                      Perusahaan Publik meliputi:                                                          Issuer or Public Company, includes:
                      a)   Pokok-pokok kode etik;                       225-226                            a)    Key points of the code of conduct;
                      b)   Bentuk sosialisasi kode etik dan upaya                                          b)    Socialization of the code of conduct and
                                                                        226-227
                           penegakannya; dan                                                                     enforcement; and
                      c)   Pernyataan bahwa kode etik berlaku                                              c)    Statement that the code of conduct
                           bagi anggota Direksi, anggota Dewan                                                   is applicable for the Board of
                           Komisaris, dan karyawan Emiten atau            227                                    Commissioners, the Board of Directors,
                           Perusahaan Publik;                                                                    and employees of the Issuer of Public
                                                                                                                 Company;
               16)    Uraian singkat mengenai kebijakan                                            16)     A brief description of the policy of providing
                      pemberian kompensasi jangka panjang                                                  long-term performance-based compensation
                      berbasis kinerja kepada manajemen dan/                                               to management and/or employees owned by
                      atau karyawan yang dimiliki oleh Emiten                                              the Issuer or Public Company (if any), including
                      atau Perusahaan Publik (jika ada), antara                                            the management stock ownership program
                      lain berupa program kepemilikan saham                                                (MSOP) and/or program employee stock
                      oleh manajemen (management stock                                                     ownership (ESOP);
                      ownership program/MSOP) dan/atau
                      program kepemilikan saham oleh karyawan
                                                                          225
                      (employee stock ownership program/
                      ESOP); Dalam hal pemberian kompensasi
                      berupa program kepemilikan saham
                      oleh manajemen (management stock
                      ownership program/MSOP) dan/atau
                      program kepemilikan saham oleh karyawan
                      (employee stock ownership program/
                      ESOP), informasi yang diungkapkan paling
                      sedikit memuat:
                      a)   jumlah saham dan/atau opsi;                                                     a)    Number of shares and/or options;

                      b)   jangka waktu pelaksanaan;                                                       b)    Implementation period;

                      c)   persyaratan karyawan dan/atau                                                   c)    Requirements for eligible employees and/
                           manajemen yang berhak; dan                                                            or management; and
                      d)   harga pelaksanaan atau penentuan                                                d)    Exercise price or determination of
                           harga pelaksanaan;                                                                    exercise price;




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Page 296
         Kilas Kinerja               Laporan Manajemen             Profil Perusahaan          Unit Pendukung Bisnis
      Performance Highlights              Management Report           Company Profile           Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                  Halaman
                                          Keterangan                                                                     Description
                                                                                   Page
                      17)      Uraian singkat mengenai kebijakan                                        17)     A brief description of the information
                                                                                        225
                               pengungkapan informasi mengenai:                                                 disclosure policy regarding:
                               a)   Kepemilikan saham anggota Direksi                                           a)      Share ownership of members of the
                                    dan anggota Dewan Komisaris paling                                                  Board of Directors and members of the
                                    lambat 3 (tiga) hari kerja setelah                                                  Board of Commissioners no later than 3
                                    terjadinya kepemilikan atau setiap                                                  (three) working days after the occurrence
                                    perubahan kepemilikan atas saham                                                    of ownership or any change in ownership
                                    Perusahaan Terbuka; dan                                                             of shares of a Public Company; and
                               b)   Pelaksanaan atas kebijakan dimaksud;                                        b)      Implementation of the policy;
                      18)      Uraian mengenai sistem pelaporan                                         18)     Description of whistleblowing system at the
                               pelanggaran (whistleblowing system) di                                           Issuer or Public Company (if any), among
                               Emiten atau Perusahaan Publik (jika ada),                                        others include:
                               antara lain meliputi:
                               a)   Cara penyampaian laporan                                                    a)      Mechanism for violation reporting;
                                                                                        229
                                    pelanggaran;
                               b)   Perlindungan bagi pelapor;                          230                     b)      Protection for the whistleblower;
                               c)   Penanganan pengaduan;                                                       c)      Handling of violation reports;
                               d)   Pihak yang mengelola pengaduan; dan                 229                     d)      Unit responsible for handling of violation
                                                                                                                        report; and
                               e)   Hasil dari penanganan pengaduan,                                            e)      Results from violation report handling, at
                                                                                        230
                                    paling sedikit meliputi:                                                            least includes:
                                    (1)    Jumlah pengaduan yang masuk                                                  (1)   Number of complaints received and
                                           dan diproses dalam tahun buku;                                                     processed during the fiscal year; and
                                           dan
                                    (2)    Tindak lanjut pengaduan;                                                     (2)   Follow up of complaints;
                      19)      Uraian mengenai kebijakan anti korupsi                                   19)     A description of the anti-corruption policy
                               Emiten atau Perusahaan Publik, paling                    227                     of the Issuer or Public Company, at least
                               sedikit memuat:                                                                  containing:
                               a)   program dan prosedur yang dilakukan                                         a)      Programs and procedures implemented in
                                    dalam mengatasi praktik korupsi, balas                                              overcoming corrupt practices, kickbacks,
                                    jasa (kickbacks), fraud, suap dan/                                                  fraud, bribery and/or gratification in
                                    atau gratifikasi dalam Emiten atau                                                  Issuers or Public Companies; and
                                    Perusahaan Publik; dan
                               b)   pelatihan/sosialisasi anti korupsi                                          b)      Anti-corruption training/socialization
                                    kepada karyawan Emiten atau                                                         to employees of Issuers or Public
                                    Perusahaan Publik;                                                                  Companies;
                      20)      Penerapan atas Pedoman Tata Kelola                                       20)     Implementation of the Guidelines of Corporate
                               Perusahaan Terbuka bagi Emiten yang                                              Governance for Public Companies for Issuer
                               menerbitkan Efek Bersifat Ekuitas atau              146-160                      issuing Equity-based Securities or Public
                               Perusahaan Publik, meliputi:                                                     Company, including:


                               a)   pernyataan mengenai rekomendasi                                             a)      statement regarding recommendation
                                    yang telah dilaksanakan; dan/atau                                                   that have been implemented; and/or
                               b)   penjelasan atas rekomendasi yang                                            b)      description of recommendation that have
                                    belum dilaksanakan, disertai alasan dan                                             not been implemented, along with the
                                    alternatif pelaksanaannya (jika ada);                                               reason and alternatives of implementation
                                                                                                                        (if any);




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                                                                                          Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                     Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                     Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                    Sustainable Report




           Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                                 SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                        Halaman
                              Keterangan                                                                            Description
                                                                         Page
          h.   Tanggung Jawab Sosial dan Lingkungan Emiten                                     h.   Social and Environmental Responsibility of the Issuer
               atau Perusahaan Publik                                                               or Public Company
               1)     Informasi yang diungkapkan dalam bagian                                       1)      The information disclosed in the social and
                      tanggung jawab sosial dan lingkungan                                                  environmental responsibility section is a
                      merupakan Laporan Keberlanjutan                                                       Sustainability Report as referred to in the
                      (Sustainability Report) sebagaimana                                                   Financial Services Authority Regulation
                      dimaksud dalam Peraturan Otoritas Jasa                                                Number 51/POJK.03/2017 concerning the
                      Keuangan Nomor 51/POJK.03/2017 tentang                                                Implementation of Sustainable Finance for
                      Penerapan Keuangan Berkelanjutan bagi                                                 Financial Services Institutions, Issuers, and
                      Lembaga Jasa Keuangan, Emiten, dan                                                    Public Companies, at at least includes:
                      Perusahaan Publik, paling sedikit memuat:
                      a)   penjelasan strategi keberlanjutan;              234                              a)    Explanation of the sustainability strategy;
                      b)   ikhtisar aspek keberlanjutan (ekonomi,                                           b)    Overview of sustainability aspects
                                                                           236
                           sosial, dan lingkungan hidup);                                                         (economic, social, and environmental);
                      c)   profil singkat Emiten atau Perusahaan                                            c)    Brief profile of the Issuer or Public
                                                                            22
                           Publik;                                                                                Company;
                      d)   penjelasan Direksi;                              76                              d)    Explanation of the Board of Directors;
                      e)   tata kelola keberlanjutan;                      238                              e)    Sustainability governance;
                      f)   kinerja keberlanjutan;                          242                              f)    Sustainability performance;
                      g)   verifikasi tertulis dari pihak independen,                                       g)    Written verification from an independent
                                                                           N/A
                           jika ada;                                                                              party, if any;
                      h)   lembar umpan balik (feedback) untuk                                              h)    Feedback sheet for readers, if any; and
                                                                           303
                           pembaca, jika ada; dan
                      i)   anggapan Emiten atau Perusahaan                                                  i)    The response of the Issuer or Public
                           Publik terhadap umpan balik laporan             N/A                                    Company to the previous year’s report
                           tahun sebelumnya;                                                                      feedback;
               2)     Laporan Keberlanjutan sebagaimana                                             2)      The Sustainability Report as referred to in
                      dimaksud pada angka 1), harus disusun                                                 number 1) must be prepared in accordance
                      sesuai Pedoman Teknis Penyusunan Laporan                                              with the Technical Guidelines for the
                      Keberlanjutan (Sustainability Report) Bagi                                            Preparation of a Sustainability Report for
                      Emiten dan Perusahaan Publik sebagaimana                                              Issuers and Public Companies as contained
                      tercantum dalam Lampiran II yang                                                      in Appendix II which is an integral part of this
                      merupakan bagian tidak terpisahkan dari                                               Financial Services Authority Circular Letter;
                      Surat Edaran Otoritas Jasa Keuangan ini;




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         Kilas Kinerja               Laporan Manajemen           Profil Perusahaan        Unit Pendukung Bisnis
      Performance Highlights           Management Report            Company Profile         Business Support Unit




      Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                                Halaman
                                      Keterangan                                                                     Description
                                                                                 Page
                      3)       Informasi Laporan Keberlanjutan                                      3)      Information on the Sustainability Report in
                               (Sustainability Report) pada angka 1) dapat:                                 number 1) can:
                               a)   diungkapkan pada bagian lain yang                                       a)      Disclosed in other relevant sections
                                    relevan di luar bagian tanggung                                                 outside the Social and Environmental
                                    jawab sosial dan lingkungan, seperti                                            Responsibility section, such as the
                                    penjelasan Direksi terkait Laporan                                              Directors’ explanation regarding the
                                    Keberlanjutan diungkapkan dalam                                                 Sustainability Report disclosed in the
                                    bagian terkait Laporan Direksi; dan/atau                                        section related to the Directors’ Report;
                                                                                                                    and/or
                               b)   merujuk pada bagian lain di luar                  ✓                     b)      Refers to other sections outside the
                                    bagian tanggung jawab sosial dan                                                Social and Environmental Responsibility
                                    lingkungan dengan tetap mengacu                                                 section by still referring to the Technical
                                    pada Pedoman Teknis Penyusunan                                                  Guidelines for the Preparation of
                                    Laporan Keberlanjutan (Sustainability                                           Sustainability Reports for Issuers and
                                    Report) Bagi Emiten dan Perusahaan                                              Public Companies as listed in Appendix II
                                    Publik sebagaimana tercantum dalam                                              which is an integral part of this Financial
                                    Lampiran II yang merupakan bagian                                               Services Authority Circular Letter, such
                                    tidak terpisahkan dari Surat Edaran                                             as the profile of the Issuer or Public
                                    Otoritas Jasa Keuangan ini, seperti                                             Company;
                                    profil Emiten atau Perusahaan Publik;


                      4)       Laporan Keberlanjutan (Sustainability                                4)      The Sustainability Report as referred to in
                               Report) sebagaimana dimaksud pada angka                                      number 1) is an inseparable part of the Annual
                               1) merupakan bagian yang tidak terpisahkan             ✓                     Report but can be presented separately from
                               dari Laporan Tahunan namun dapat disajikan                                   the Annual Report;
                               secara terpisah dengan Laporan Tahunan;
                      5)       Dalam hal Laporan Keberlanjutan disajikan                            5)      In the event that the Sustainability Report is
                               secara terpisah dengan Laporan Tahunan,                                      presented separately from the Annual Report,
                               informasi yang diungkapkan dalam Laporan                                     the information disclosed in the Sustainability
                               Keberlanjutan dimaksud harus:                                                Report must:
                               a)   memuat seluruh informasi                                                a)      Contains all the information as referred to
                                    sebagaimana dimaksud pada angka                                                 in number 1); and
                                    1); dan
                                                                                      ✓
                               b)   disusun sesuai Pedoman Teknis                                           b)      Prepared in accordance with the
                                    Penyusunan Laporan Keberlanjutan                                                Technical Guidelines for the Preparation
                                    (Sustainability Report) Bagi Emiten                                             of a Sustainability Report for Issuers and
                                    dan Perusahaan Publik sebagaimana                                               Public Companies as listed in Appendix II
                                    tercantum dalam Lampiran II yang                                                which is an integral part of this Financial
                                    merupakan bagian tidak terpisahkan                                              Services Authority Circular Letter;
                                    dari Surat Edaran Otoritas Jasa
                                    Keuangan ini;
                      6)       Dalam hal Laporan Keberlanjutan disajikan                            6)      In the event that the Sustainability Report
                               secara terpisah dengan Laporan Tahunan,                                      is presented separately from the Annual
                               maka dalam bagian tanggung jawab sosial                                      Report, then the Social and Environmental
                               dan lingkungan memuat informasi bahwa                                        Responsibility section contains information
                               informasi mengenai tanggung jawab sosial               ✓                     that information on Social and Environmental
                               dan lingkungan telah diungkapkan dalam                                       Responsibility has been disclosed in the
                               Laporan Keberlanjutan yang disajikan secara                                  Sustainability Report which is presented
                               terpisah dari Laporan Tahunan; dan                                           separately from the Annual Report; and




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Page 299
                                                                                       Tanggung Jawab Sosial Perusahaan/
          Analisis dan
                                                  Tata Kelola Perusahaan                     Laporan Berkelanjutan
     Pembahasan Manajemen
                                                  Good Corporate Governance                 Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                 Sustainable Report




              Referensi SEOJK Nomor 16/ SEOJK.04/2021: Laporan Tahunan Emiten atau Perusahaan Publik
                                                                              SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company




                                                                     Halaman
                              Keterangan                                                                         Description
                                                                      Page
                7)    Penyampaian Laporan Keberlanjutan                                          7)      Submission of the Sustainability Report which
                      (Sustainability Report) yang disajikan                                             is presented separately from the Annual Report
                      secara terpisah dengan Laporan Tahunan             ✓                               must be submitted together with the Annual
                      harus disampaikan bersamaan dengan                                                 Report.
                      penyampaian Laporan Tahunan.
          i     Laporan Keuangan Tahunan yang Telah Diaudit                                 i    Audited Annual Financial Statement
                Laporan keuangan tahunan yang dimuat dalam                                       Financial Statements included in Annual Report
                Laporan Tahunan disusun sesuai dengan                                            should be prepared in accordance with the Financial
                Standar Akuntansi Keuangan di Indonesia dan                                      Accounting Standards in Indonesia and audited by
                telah diaudit oleh Akuntan. Laporan keuangan                                     an Accountant. The said financial statement should
                dimaksud memuat pernyataan mengenai                                              be included with statement of responsibility for
                pertanggungjawaban atas laporan keuangan                 ✓                       financial report as stipulated in the legislations in the
                sebagaimana diatur dalam peraturan perundang-                                    Capital Markets sector governing the responsibility of
                undangan di sektor Pasar Modal yang mengatur                                     the Board of Directors on the financial report or the
                mengenai tanggung jawab Direksi atas laporan                                     legislations in the Capital Markets sector governing
                keuangan atau peraturan perundang-undangan                                       the periodic reports of securities company in the
                di sektor Pasar Modal yang mengatur mengenai                                     event the Issuer is a Securities Company; and
                laporan berkala Perusahaan Efek dalam hal Emiten
                merupakan Perusahaan Efek; dan
          j     Surat Pernyataan Anggota Direksi dan Anggota                                j    Letter of Statement of the Board of Directors and the
                Dewan Komisaris tentang Tanggung Jawab atas                                      Board of Commissioners regarding the Responsibility
                Laporan Tahunan                                                                  for Annual Reporting
                Surat pernyataan anggota Direksi dan anggota                                     Letter of statement of the Board of Directors and the
                Dewan Komisaris tentang tanggung jawab atas                                      Board of Commissioners regarding the responsibility
                Laporan Tahunan disusun sesuai dengan format                                     for Annual Reporting should be prepared according
                Surat Pernyataan Anggota Direksi dan Anggota             ✓                       to the format of letter of statement of member of
                Dewan Komisaris tentang Tanggung Jawab                                           Board of Directors and the Board of Commissioners
                atas Laporan Tahunan sebagaimana tercantum                                       regarding the responsibility for Annual Reporting as
                dalam Lampiran yang merupakan bagian tidak                                       attached in the Attachment, which is an integral part
                terpisahkan dari Surat Edaran Otoritas Jasa                                      of this Circulation Letter of the Financial Services
                Keuangan ini.                                                                    Authority.




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Page 300
         Kilas Kinerja             Laporan Manajemen           Profil Perusahaan               Unit Pendukung Bisnis
      Performance Highlights         Management Report           Company Profile                  Business Support Unit




      Indeks POJK 51/2017
      POJK 51/2017 Index


                           Laporan Keberlanjutan                                                The Sustainability Report                          Halaman
                         Memuat Informasi Mengenai                                             Contains information About                           Page
       A.    Strategi Keberlanjutan                                            A.   Sustainability Strategy
             A.1.     Penjelasan Strategi Keberlanjutan                             A.1.    Elaboration of Sustainability Strategy                   234
       B.    Ikhtisar Kinerja Aspek Keberlanjutan                              B.   Overview of Performance on Sustainability Aspects
             B.1.     Apek Ekonomi, paling sedikit memuat:                          B.1.    Economic Aspects, covering at least:

                      a. Kuantitas Produksi atau Jasa yang Dijual;                          a. Quantity of Products or Services Sold;                104
                      b. Pendapatan atau Penjualan;                                         b. Revenue or Sales;                                     123
                      c. Laba atau Rugi Bersih;                                             c. Net Profit or Loss;                                   124
                      d. Produk Ramah Lingkungan; dan                                       d. Environment-Friendly Products; and                     9
                      e. Pelibatan Pihak Lokal yang Berkaitan dengan                        e. Engagement of Local Stakeholders Concerning
                         Proses Bisnis Keuangan Keberlanjutan.                                 the Sustainable Finance Business Process.
                                                                                                                                                    260

             B.2.     Aspek Lingkungan Hidup, paling sedikit memuat:                B.2.    Environmental Aspects, covering at least:

                      a. Penggunaan Energi;                                                 a. Energy Consumption;                                  245
                      b. Pengurangan Emisi yang Dihasilkan;                                 b. Emission Reductions Achieved;                        246
                      c. Pengurangan Limbah dan Efluen; dan                                 c. Reduction of Waste and Effluent; and                 249
                      d. Pelestarian Keanekaragaman Hayati.                                 d. Biodiversity Conservation.                           248
             B.3.     Aspek Sosial                                                  B.3.    Social Aspect                                            251
       C.    Profil Perusahaan                                                 C.   Company Profile
             C.1.     Visi, Misi, dan Nilai Keberlanjutan;                          C.1.    Vision, Mission, and Sustainability Values;             32-33
             C.2.     Alamat Perusahaan                                             C.2.    Company Address                                          25
             C.3.     Skala Usaha, paling sedikit meliputi:                         C.3.    Business Scale, covering at least:

                      1) Total Aset atau Kapitalisasi Aset, dan Total                       1) Total Assets or Assets Capitalization, and Total
                         Kewajiban;                                                            Liabilities;
                                                                                                                                                      6

                      2) Jumlah Karyawan menurut Jenis Kelamin,                             2) Number of Employees by Gender, Position,
                         Jabatan, Usia pendidikan, dan Status                                  Educational Age, And Employment Status               85-86
                         Ketenagakerjaan
                      3) Nama Pemegang Saham dan Persentase                                 3) Name of Shareholders and Shareholding
                         Kepemilikan Saham; dan                                                Percentage; and
                                                                                                                                                    49-50

                      4) Wilayah Operasional.                                               4) Operational Area.                                    34-35
             C.4.     Produk, Layanan, dan Kegiatan Usaha yang                      C.4.    Products, Services, and Business Activities;
                      Dijalankan;
                                                                                                                                                     33

             C.5.     Keanggotaan pada Asosiasi;                                    C.5.    Membership of Associations;                              38
             C.6.     Perubahan Emiten dan Perusahaan Publik Yang                   C.6.    Significant Change of Issuer and Public Company.
                      Bersifat Signifikan.
                                                                                                                                                     39

       D.    Penjelasan Direksi                                                C.   Elaboration of Board of Directors
             D.1.     Penjelasan Direksi                                            D.1.    Elaboration of Board of Directors

                      a. Kebijakan untuk Merespons Tantangan dalam                          a. Policy for Responding to Challenges in Fulfilling
                         Pemenuhan Strategi Keberlanjutan;                                     the Sustainability Strategy;                          76
                      b. Penerapan Keuangan Berkelanjutan;                                  b. Application of Sustainable Finance;
                      c. Strategi Pencapaian Target.                                        c. Target Achievement Strategy.                          77




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Page 301
                                                                                         Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                                  Tata Kelola Perusahaan                       Laporan Berkelanjutan
       Pembahasan Manajemen
                                                  Good Corporate Governance                     Corporate Social Responsibility/
   Management Discussion and Analysis
                                                                                                     Sustainable Report




                                                                                                                           Indeks POJK 51/2017
                                                                                                                                     POJK 51/2017 Index




                     Laporan Keberlanjutan                                               The Sustainability Report                           Halaman
                   Memuat Informasi Mengenai                                            Contains information About                            Page
  E.   Tata Kelola Keberlanjutan                                       E.     Sustainability Governance
       E.1.    Penanggung Jawab Penerapan Keuangan                            E.1.    Responsible on the Application of Sustainable
               Berkelanjutan;                                                         Finance;
                                                                                                                                               238

       E.2.    Pengembangan Kompetensi terkait Keuangan                       E.2.    Competency Development on Sustainable Finance;
               Berkelanjutan;
                                                                                                                                               239

       E.3.    Penilaian Risiko atas Penerapan Keuangan                       E.3.    Risk Assessment of Sustainable Finance;
               Berkelanjutan
                                                                                                                                               240

       E.4.    Hubungan dengan Pemangku Kepentingan;                          E.4.    Relationship with Stakeholders;                        240-241
       E.5.    Permasalahan terhadap Penerapan Keuangan                       E.5.    Problems on The Application of Sustainable
               Berkelanjutan.                                                         Finance.
                                                                                                                                             241-242

  F.   Kinerja Keberlanjutan                                           F.     Sustainability Performance
       F.1.    Kegiatan Membangun Budaya Keberlanjutan.                       F.1.    Sustainable Culture Development Activities.              236
       Kinerja Ekonomi                                                        Economic Performance
       F.2.    Perbandingan Target dan Kinerja Produksi,                      F.2.    Comparison of Target and Performance of
               Portofolio, Target Pembiayaan, atau Investasi,                         Production, Portfolio, Financing Targets, or             129
               Pendapatan dan Laba Rugi;                                              Investment, Income and Profit or Loss;
       F.3.    Perbandingan Target dan Kinerja Portofolio, Target             F.3.    Comparison of Target and Performance of
               Pembiayaan, atau Investasi pada Instrumen                              Portfolio, Financing Target, or Investments In
               Keuangan atau Proyek yang Sejalan dengan                               Financial Instruments or Projects In Line
                                                                                                                                               N/A
               Keuangan Berkelanjutan.                                                with The Sustainable Finance.

       Kinerja Lingkungan Hidup                                               Environmental Performance

       Aspek Umum                                                             General Aspect
       F.4.    Biaya Lingkungan Hidup                                         F.4.    Environmental Costs                                      251
       Aspek Material                                                         Material Aspect

       F.5.    Penggunaan Material yang Ramah Lingkungan                      F.5.    Environment-Friendly Material Consumption                245
       Aspek Energi                                                           Energy Aspect

       F.6.    Jumlah dan Intensitas Energi yang Digunakan;                   F.6.    Amount and Intensity of the Energy Consumed;
       F.7.    Upaya dan Pencapaian Efisiensi Energi dan                      F.7.    Efforts and Achievement Made for Energy                  246
               Penggunaan Energi Terbarukan.                                          Efficiency Including the Use of Renewable Energy
                                                                                      Sources.

       Aspek Air                                                              Water Aspect
       F.8.    Penggunaan Air                                                 F.8.    Water Consumption                                        247
       Aspek Keanekaragaman Hayati                                            Biodiversity Aspect

       F.9.    Dampak dari Wilayah Operasional yang Dekat                     F.9.    Impacts from Operational Areas Close to or
               atau Berada di Daerah Konservasi atau Memiliki                         Situated In Areas of Conservation or Otherwise           249
               Keanekaragaman Hayati; dan                                             those that Contain Biodiversity; and
       F.10.   Usaha Konservasi Keanekaragaman Hayati.                        F.10.   Biodiversity Conservation Efforts.                       248
       Aspek Emisi                                                            Emissions Aspect
       F.11.   Jumlah dan Intensitas Emisi yang Dihasilkan                    F.11.   Amount and Intensity of Emissions Generated by
               Berdasarkan Jenisnya;                                                  Type;
                                                                                                                                               246
       F.12.   Upaya dan Pencapaian Pengurangan Emisi yang                            Efforts and Achievements Made in Emission
               Dilakukan;                                                             Reduction;




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         Kilas Kinerja            Laporan Manajemen         Profil Perusahaan                  Unit Pendukung Bisnis
      Performance Highlights        Management Report             Company Profile                 Business Support Unit




      Indeks POJK 51/2017
      POJK 51/2017 Index




                           Laporan Keberlanjutan                                               The Sustainability Report                         Halaman
                         Memuat Informasi Mengenai                                            Contains information About                          Page
             Aspek Limbah dan Efluen                                                Waste and Effluent
             F.13.    Jumlah Limbah dan Efluen yang Dihasilkan                      F.13.   Amount of Waste End Effluent Generated by Type;
                      Berdasarkan Jenisnya;                                                                                                        249
             F.14.    Mekanisme Pengelolaan Limbah dan Efluen;                      F.14.   Waste and Effluent Management Mechanism
             F.15.    Tumpahan yang Terjadi (jika ada).                             F.15.   Spill that Occurs (if any).                            N/A
             Aspek Pengaduan Terkait Lingkungan Hidup                               Environmental Complaint Aspect
             F.16.    Jumlah dan Materi Pengaduan Lingkungan Hidup                  F.16.   Number and Content of Environmental Complaint
                      yang Diterima, dan Diselesaikan.                                      Received and Resolved.
                                                                                                                                                   250

             Kinerja Sosial                                                         Social Performance
             F.17.    Komitmen untuk Memberikan Layanan atas Produk                 F.17.   Commitment to Provide Services for the Equal
                      dan/atau Jasa yang Setara kepada Konsumen;                            Product and/or Services to Customers;
                                                                                                                                                    261

             Aspek Ketenagakerjaan                                                  Employment Aspect
             F.18.    Kesetaraan Kesempatan Bekerja;                                F.18.   Equality of Employment;                                251
             F.19.    Tenaga Kerja Anak dan Tenaga Kerja Paksa;                     F.19.   Child Labour and Forced Labour;
                                                                                                                                                   252
             F.20.    Upah Minimum Regional;                                        F.20.   Regional Minimum Wage;
             F.21.    Lingkungan Bekerja yang Layak dan Aman;                       F.21.   Proper and Safe Work Environment;                    252-255
             F.22.    Pelatihan dan Pengembangan Kemampuan                          F.22.   Training and Capabilities Development for
                      Pegawai.                                                              Employees.
                                                                                                                                                   253

             Aspek Masyarakat                                                       Community Aspect
             F.23.    Dampak Operasi terhadap Masyarakat Sekitar;                   F.23.   Operation Impacts on Local Communities;                255
             F.24.    Pengaduan Masyarakat;                                         F.24.   Community Complaint;                                   260
             F.25.    Kegiatan Tanggung Jawab Sosial Lingkungan                     F.25.   Corporate Social Responsibility (CSR);
                      (TJSL);
                                                                                                                                                   236

             Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan                  Responsibility For Sustainable Products/ Services
             F.26.    Inovasi dan Pengembangan produk/ Jasa Keuangan                F.26.   Innovation and Development of Sustainable
                      Berkelanjutan;                                                        Finance Products/ Services;
                                                                                                                                                   262
             F.27.    Produk/Jasa yang Sudah Dievaluasi Keamanannya                 F.27.   Products/Services that have been
                      bagi Pelanggan;                                                       Undergone Safety Test for Customers;
             F.28.    Dampak Produk/Jasa;                                           F.28.   Impact of Products/Services;                           255
             F.29.    Jumlah Produk yang Ditarik Kembali;                           F.29.   Number of Products Recalled;                           264
             F.30.    Survei Kepuasan Pelanggan terhadap Produk dan/                F.30.   Customer Satisfaction Survey on Sustainable
                      atau Jasa Keuangan Berkelanjutan.                                     Finance Product and/or Services.
                                                                                                                                                   266




300      PT Bakrieland Development Tbk • Laporan Tahunan 2025 Annual Report                                                               www.bakrieland.com
Page 303
                                                                                              Tanggung Jawab Sosial Perusahaan/
            Analisis dan
                                                       Tata Kelola Perusahaan                       Laporan Berkelanjutan
       Pembahasan Manajemen
                                                       Good Corporate Governance                     Corporate Social Responsibility/
    Management Discussion and Analysis
                                                                                                          Sustainable Report




                                                                                                                                Indeks POJK 51/2017
                                                                                                                                          POJK 51/2017 Index




                      Laporan Keberlanjutan                                                    The Sustainability Report                           Halaman
                    Memuat Informasi Mengenai                                                 Contains information About                            Page
  G.    Lain-Lain                                                          G.      Others
        G.1.      Verifikasi Tertulis dari Pihak Independen (jika ada)             G.1.     Written Independent Verification (if any)

        G.2.      Lembar Umpan Balik                                               G.2.     Feedback Sheets                                          302
        G.3.      Tanggapan terhadap Umpan Balik Laporan                           G.3.     Response on Feedback Sustainability Report
                  Keberlanjutan Tahun Sebelumnya                                            Previous Year
                                                                                                                                                    N/A

        G.4.      Daftar Pengungkapan Sesuai Peraturan Otoritas                    G.4.     List of Disclosures According to Financial Services
                  Jasa Keuangan Nomor 51/POJK.03/2017 tentang                               Authority Regulation Number 51/POJK.03/2017
                  Penerapan Keuangan Berkelanjutan Bagi Lembaga                             concerning The Implementation Sustainable                270
                  Jasa Keuangan, Emiten, dan Perusahaan Publik.                             Finance for Financial Services Institutions, Issuers
                                                                                            and Public Company
N/A : Data tidak tersedia | Not available
N/R : Tidak relevan | Not relevan




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          Laporan
         Keuangan
                    Financial Report

Bakrieland • Laporan Tahunan 2025 Annual Report
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Laporan Keuangan Konsolidasian              Consolidated Financial Statements
Beserta Laporan Auditor Independen          With Independent Auditor’s Report
Untuk Tahun yang Berakhir pada                           For the Years Ended
Tanggal-tanggal 31 Desember 2025 dan 2024         December 31, 2025 and 2024



PT BAKRIELAND                                   PT BAKRIELAND
DEVELOPMENT Tbk                               DEVELOPMENT Tbk
DAN ENTITAS ANAK                              AND SUBSIDIARIES
Page 308
                       Daftar Isi                                       Table of Contents



                                                      Halaman/
                                                       Page

Surat pernyataan direksi                                                          Board of directors’ statement

Laporan auditor independen                                                        Independent auditor’s report

Laporan posisi keuangan konsolidasian                    1        Consolidated statements of financial position

Laporan laba rugi dan penghasilan komprehensif lain               Consolidated statements of profit or loss and
 konsolidasian                                           4                     other comprehensive income

Laporan perubahan ekuitas konsolidasian                  6       Consolidated statements of changes in equity

Laporan arus kas konsolidasian                           7              Consolidated statements of cash flows

Catatan atas laporan keuangan konsolidasian              9       Notes to the consolidated financial statements
Page 309

          
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PT BAKRIELAND DEVELOPMENT Tbk                                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                               AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                        CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                  FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024                                                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                             (Expressed in millions of Rupiah, unless otherwise
lain)                                                                          stated)



                                                   Catatan/
                                                    Notes                2025                2024
ASET                                                                                                                                        ASSETS

Aset Lancar                                                                                                                         Current Assets
Kas dan setara kas                              3d,3h,3i,6,44,45             130.607          113.592                    Cash and cash equivalents
Piutang usaha                                                                                                                     Trade receivables
    Pihak ketiga - neto                            3i,7,44,45                255.853          276.333                         Third parties - net
    Pihak berelasi - neto                      3f,3i,7,38a,44,45              55.077           56.131                      Related parties - net
Piutang lain-lain                                                                                                                 Other receivables
    Pihak ketiga - neto                            3i,8a,44,45                61.396            30.345                        Third parties - net
    Pihak berelasi - neto                      3f,3i,8a,38b,44,45             10.890            11.030                     Related parties - net
Persediaan - neto                                      3j,9                  993.327         1.057.462                             Inventories - net
Pajak dibayar di muka                                   3s                     5.246               620                                Prepaid taxes
Beban dibayar di muka dan uang muka                   3g,10                   59.440            75.699              Prepaid expenses and advances
Total Aset Lancar                                                        1.571.836           1.621.212                           Total Current Assets


Aset Tidak Lancar                                                                                                               Non-Current Assets
Dana dalam pembatasan                           3d,3i,11,44,45                39.118            43.681                               Restricted funds
Piutang pihak berelasi - neto                   3f,3i,38c,44,45                1.494             9.544                  Due from related parties - net
Piutang lain-lain jangka panjang                                                                                         Long-term other receivables
    Pihak ketiga - neto                            3i,8b,44,45               5.104             779.318                          Third parties - net
Penyertaan saham - neto                          3i, 3l,12,44,45           102.680             125.797             Investment in shares of stock - net
Tanah untuk pengembangan                              3k,13              3.425.520           2.673.672                         Land for development
Uang muka pembelian tanah                               14                 810.533             754.430                  Advance for purchase of land
Properti investasi - neto                             3m,15                400.804             415.564                    Investment properties - net
Aset tetap - neto                                 3n,3o,3p,16            1.297.659           1.343.554                              Fixed assets - net
Aset pajak tangguhan                                  3s,26e                25.296              27.898                            Deferred tax assets
Goodwill                                               3c,17               907.317             908.760                                        Goodwill
Aset lain-lain - neto                              3i,18,44,45              50.264              38.587                              Other assets - net
Total Aset Tidak Lancar                                                  7.065.789           7.120.805                      Total Non-Current Assets
TOTAL ASET                                                               8.637.625           8.742.017                              TOTAL ASSETS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara              The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                   integral part of these consolidated financial statements.

                                                                         1
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PT BAKRIELAND DEVELOPMENT Tbk                                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                               AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                        CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                  FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024                                                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                             (Expressed in millions of Rupiah, unless otherwise
lain)                                                                          stated)



                                                   Catatan/
                                                    Notes                 2025                2024
LIABILITAS DAN EKUITAS                                                                                                   LIABILITIES AND EQUITY
LIABILITAS                                                                                                                               LIABILITIES
Liabilitas Jangka Pendek                                                                                                         Current Liabilities
Utang bank jangka pendek                          3i,19,44,45                353.466           195.265                       Short-term bank loans
Pembiayaan Musyarakah                                                                                                      Short-term Musyarakah
    dan pinjaman dari pihak                                                                                                        financing and
    selain bank jangka pendek                    3bb,20,44,45                 20.606            11.800                            non-bank loan
Utang usaha                                                                                                                           Trade payables
    Pihak ketiga                                  3i,21,44,45                109.861           111.564                               Third parties
Utang lain-lain                                                                                                                       Other payables
    Pihak ketiga                                 3i,22a,44,45                197.010           157.934                               Third parties
Beban masih harus dibayar dan provisi            3i,23,44,45                 543.956           553.492             Accrued expenses and provision
Liabilitas imbalan kerja karyawan                                                                                             Short-term employee
    jangka pendek                                    3u,37                    75.292            81.729                        benefits liabilities
Uang muka pelanggan                              3i,3r,24,38e                228.577           268.100                   Advances from customers
Pendapatan ditangguhkan                            3r,25,38f                   4.821            14.762                              Deferred income
Utang pajak                                         3s,26a                   214.942           232.597                                 Taxes payable
Liabilitas jangka panjang jatuh tempo                                                                                         Current maturities of
    dalam satu tahun:                                                                                                          long-term debts:
    Utang bank                                    3i,27,44,45                142.219           165.784                                Bank loans
    Pembiayaan Musyarakah                        3bb,28,44,45                 16.392             5.188                   Musyarakah financing
    Utang usaha                                  3i,29a,44,45                 17.194            17.194                          Trade payables
    Liabilitas sewa                              3p,29b,44,45                  4.291             2.879                             Lease liability
                                                                                                                          Liability for purchase
    Utang pembelian aset tetap                    3i,3p,44,45                   271                 370                      of fixed assets
Total Liabilitas Jangka Pendek                                           1.928.898           1.818.658                        Total Current Liabilities
Liabilitas Jangka Panjang                                                                                                  Non-Current Liabilities
Pendapatan ditangguhkan                            3r,25,38f                     547               848                            Deferred income
Uang muka pelanggan                              3i,3r,24,38e                100.697            72.749                    Advances from customers
Liabilitas imbalan kerja                             3u,37                    30.179            32.661                   Employee benefits liabilities
Utang pihak berelasi                            3f,3i,38d,44,45               13.954            15.863                        Due to related parties
Utang lain-lain jangka panjang                                                                                            Long-term other payables
    Pihak ketiga                                 3i,22b,44,45                 17.505            87.433                             Third parties
Liabilitas jangka panjang - setelah
    dikurangi bagian jatuh tempo                                                                                   Long-term debts - net of current
    dalam satu tahun:                                                                                                                    maturities:
    Utang bank                                    3i,27,44,45                210.469           367.303                                  Bank loans
    Pembiayaan Musyarakah                        3bb,28,44,45                 56.844            59.295                    Musyarakah financing
    Liabilitas sewa                              3p,29b,44,45                233.940           219.065                               Lease liability
                                                                                                                            Liability for purchase
    Utang pembelian aset tetap                    3i,3p,44,45                   745                  45                        of fixed assets
Cadangan atas penggantian                                                                                      Reserve for replacement of operating
    perabotan dan peralatan operasional             3v,3w                      3.021             5.199                  furniture and equipment
Liabilitas pajak tangguhan                          3s,26e                    38.324            38.683                         Deferred tax liabilities
Total Liabilitas Jangka Panjang                                              706.225           899.144                  Total Non-Current Liabilities
Total Liabilitas                                                         2.635.123           2.717.802                               Total Liabilities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara              The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                   integral part of these consolidated financial statements.

                                                                         2
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PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                         CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                   FINANCIAL POSITION
31 DESEMBER 2025 DAN 2024                                                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)



                                                 Catatan/
                                                  Notes                  2025                2024

EKUITAS                                                                                                                                         EQUITY
Ekuitas yang dapat diatribusikan                                                                                      Equity attributable to Owners of
   kepada Pemilik Entitas Induk                                                                                                   the Parent Entity
Modal saham - nilai nominal                                                                                                   Capital stock - par value
   saham seri A Rp 500 per saham dan                                                                                 A series of Rp 500 per share
   saham seri B Rp 100 per saham                                                                               and B series of Rp 100 per share
   (angka penuh)                                                                                                                      (full amount)
Modal dasar - (angka penuh)                                                                                          Authorized capital - (full amount)
   1.400.000.000 saham seri A                                                                                  1,400,000,000 shares for A series
   dan 93.000.000.000 saham seri B                                                                                   and 93,000,000,000 shares
                                                                                                                                        for B series
Ditempatkan dan disetor penuh -                                                                                   Issued and fully paid - (full amount)
    (angka penuh)                                                                                              1,400,000,000 shares for A series
    1.400.000.000 saham seri A                                                                                       and 42,121,913,019 shares
    dan 42.121.913.019 saham seri B                 30                4.912.191             4.912.191                                   for B series
Tambahan modal disetor - neto                  3q,3t,3cc,31           2.753.462             2.753.462                   Additional paid-in capital - net
Komponen ekuitas lainnya                            40                 (732.827)             (754.990)                     Other component of equity
Defisit                                                              (1.375.091)           (1.358.394)                                            Deficit
Ekuitas yang diatribusikan                                                                                            Equity attributable to owners of
   kepada pemilik entitas induk                                          5.557.735          5.552.269                             the parent entity
Kepentingan non-pengendali                        3b,41a                   444.767            471.946                         Non-controlling interest
Total Ekuitas                                                            6.002.502          6.024.215                                      Total Equity
TOTAL LIABILITAS DAN EKUITAS                                             8.637.625          8.742.017             TOTAL LIABILITIES AND EQUITY




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          3
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PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                               CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                 AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)



                                                 Catatan/
                                                  Notes                  2025                2024

PENDAPATAN NETO                                 3r,32,38a            1.425.943             1.226.740                                 NET REVENUES
BEBAN POKOK PENDAPATAN                             3r,33                 940.083             808.432                           COST OF REVENUES

LABA BRUTO                                                                485.860             418.308                             GROSS PROFIT
Beban penjualan                                 3r,34a                    (27.683)            (20.337)                            Selling expenses
Beban umum dan administrasi                   3m,3n,3r,34b               (301.870)           (304.186)          General and administrative expenses
Laba atas pembelian diskon                        5b                       12.101                   -                     Gain on bargain purchase
Laba (rugi) atas penjualan
    dan penghapusan                                                                                                            Gain (loss) on sale and
    aset tetap - neto                           3m,3n,16                          6            (1.441)                disposal of fixed assets - net
Beban bunga dan                                                                                                                   Interest expense and
    keuangan - neto                               3r,35                   (93.609)            (94.445)                      financial charges - net
Bagian atas rugi neto Entitas                   3c,3i,3aa,
    Asosiasi                                    3ee,5,12                  (46.566)            (18.542)               Share in net loss of an Associate
Beban pajak final                                3s,26b                   (16.120)            (12.683)                               Final tax expense
Rugi selisih kurs - neto                           3h                      (4.436)            (30.402)                 Loss on foreign exchange - net
Rugi atas pembatalan penjualan                                                                                       Loss on unit cancellation of sales
    unit rumah dan apartemen                        7,9                    (1.135)               (356)                 residential and apartments
Rugi atas pembongkaran                                                                                                Loss from demolition of building
    bangunan properti investasi                     15                       (396)                  -                     in investment properties
Lain-lain - neto                                    36                    (37.931)            (31.851)                                     Others - net

RUGI SEBELUM MANFAAT (BEBAN)                                                                                           LOSS BEFORE INCOME TAX
PAJAK PENGHASILAN                                                         (31.779)            (95.935)                       BENEFIT (EXPENSE)

MANFAAT (BEBAN) PAJAK                                                                                                         INCOME TAX BENEFIT
PENGHASILAN                                       3s,26c                                                                               (EXPENSE)
Tangguhan                                                                  (2.176)              2.253                                     Deferred
Tahun berjalan                                                             (8.130)             (8.266)                                 Current year

Beban Pajak Penghasilan - Neto                                            (10.306)             (6.013)                     Income Tax Expense - Net
RUGI NETO                                                                 (42.085)           (101.948)                                     NET LOSS


PENGHASILAN (RUGI)                                                                                                        OTHER COMPREHENSIVE
KOMPREHENSIF LAIN                                                                                                                     INCOME (LOSS)
Pos-pos yang tidak akan direklasifikasi                                                                           Items that will not be reclassified
   lebih lanjut ke laba rugi:                                                                                    subsequently to profit or loss:
   Kentungan (kerugian) aktuarial                  3u,37                         (831)              3.185                  Actuarial gains (losses)
   Pajak penghasilan terkait                       3s,26e                         (67)               (186)                     Related income tax
Pos-pos yang akan direklasifikasi                                                                                     Items that will be reclassified
   lebih lanjut ke laba rugi:                                                                                    subsequently to profit or loss:
   Bagian laba (rugi) yang belum direalisasi                                                                     Share in unrealized gain (loss) of
       investasi pada Entitas Asosiasi              3l,12                      23.449                 (33)         investment in an Associate
   Selisih kurs penjabaran laporan                                                                                   Exchange differences due to
       keuangan                                                                  (388)           24.590       financial statements translation
   Rugi pada aset keuangan yang
       belum direalisasi pada nilai wajar                                                                      Unrealized loss on financial assets
       melalui penghasilan                                                                                         at fair value through other
       komprehensif lain                            3i,12                             -         (32.638)              comprehensive income
Penghasilan (Rugi) Komprehensif                                                                                      Other Comprehensive Income
   Lain - Setelah Pajak                                                        22.163             (5.082)                   (Loss) - Net of Tax
RUGI KOMPREHENSIF NETO                                                      (19.922)           (107.030)              NET COMPREHENSIVE LOSS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                           4
Page 322
PT BAKRIELAND DEVELOPMENT Tbk                                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                             AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                            CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                              AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA                                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                    DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                           (Expressed in millions of Rupiah, unless otherwise
lain)                                                                        stated)



                                                  Catatan/
                                                   Notes                 2025              2024

Rugi Neto yang dapat
   Diatribusikan Kepada:                                                                                              Net Loss Attributable to:
   Pemilik Entitas Induk                                                  (16.697)           (68.528)             Owners of the Parent Entity
   Kepentingan non-pengendali                      3b,41b                 (25.388)           (33.420)                Non-controlling interest
Total                                                                     (42.085)          (101.948)                                         Total

Total Penghasilan (Rugi) Komprehensif                                                                         Total Comprehensive Gain (Loss)
   yang dapat Diatribusikan Kepada:                                                                                          Attributable to:
   Pemilik Entitas Induk                                                    5.466            (73.610)             Owners of the Parent Entity
   Kepentingan non-pengendali                      3b,41b                 (25.388)           (33.420)                 Non-controlling interest
Neto                                                                      (19.922)          (107.030)                                           Net
                                                                                                                       BASIC/DILUTED LOSS
RUGI NETO PER SAHAM                                                                                                             PER SHARE
DASAR/DILUSIAN DIATRIBUSIKAN                                                                                     ATTRIBUTABLE TO OWNERS
KEPADA PEMILIK ENTITAS INDUK                                                                                               OF THE PARENT
(Angka Penuh)                                      3y,42                     (0,97)             (2,34)                        (Full Amount)




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara            The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                 integral part of these consolidated financial statements.

                                                                         5
Page 323
PT BAKRIELAND DEVELOPMENT Tbk                                                                                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                  AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                           CONSOLIDATED STATEMENTS OF CH
UNTUK TAHUN YANG BERAKHIR PADA                                                                                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                                                                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                          (Expressed in millions of Rupiah, unle



                                            Ekuitas Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk / Equity Attributable To Owners Of The Parent Entity
                                                                                            Komponen Ekuitas Lainnya/
                                                                                           Other Component of Equity

                                                                                                   Selisih Kurs
                                                                                                        atas
                                                                                                   Penjabaran
                                                                                                     Laporan
                                                                                                    Keuangan/
                                  Modal Saham                                                        Foreign
                                   Ditempatkan                               Keuntungan            Exchange
                                       dan              Tambahan             (Kerugian)            Differences
                                  Disetor Penuh/       Modal Disetor/         Aktuarial/               from                                                                    Kepen
                                  Capital Stock         Additional            Actuarial             Financial                                                                 Non-pe
                                   Issued and            Paid-In                Gains              Statements             Lain-lain/          Defisit/           Neto/        Non-co
                                    Fully Paid           Capital              (Losses)             Translation             Others             Deficit            Net              inte


Saldo 1 Januari 2024                    4.912.191             2.753.462            21.284                  (844.505)           73.313          (1.289.866)       5.625.879

Rugi neto tahun berjalan                           -                    -                  -                         -                 -          (68.528)         (68.528)

Penghasilan (rugi) komprehensif
   lain tahun berjalan                             -                    -            2.999                   24.590            (32.671)                  -          (5.082)


Saldo 31 Desember 2024                  4.912.191             2.753.462            24.283                  (819.915)           40.642          (1.358.394)       5.552.269

Rugi neto tahun berjalan                           -                    -                  -                         -                 -          (16.697)         (16.697)

Penghasilan (rugi) komprehensif
   lain tahun berjalan                             -                    -             (898)                       (388)        23.449                    -         22.163

Perubahan kepentingan non-
    pengendali (Catatan 5b,5e,
    5f,5g,5h dan 5i)                               -                    -                  -                         -                 -                 -               -


Saldo 31 Desember 2025                  4.912.191             2.753.462            23.385                  (820.303)           64.091          (1.375.091)       5.557.735




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan                        The accompanying notes to the consolidated finan
keuangan konsolidasian secara keseluruhan.                                                                                        financial statements.

                                                                                                                           6
Page 324
PT BAKRIELAND DEVELOPMENT Tbk                                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                   CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA                                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                               (Expressed in millions of Rupiah, unless otherwise
lain)                                                                            stated)



                                                  Catatan/
                                                   Notes                  2025               2024
ARUS KAS DARI AKTIVITAS                                                                                                           CASH FLOWS FROM
OPERASI                                                                                                                       OPERATING ACTIVITIES
Penerimaan kas dari pelanggan                                            1.423.409          1.207.372                    Cash received from customers
Pembayaran kas kepada pemasok                                             (931.581)          (781.685)                            Cash paid to suppliers
Pembayaran kas untuk beban umum,                                                                                    Cash paid for general, administrative
  administrasi dan lain-lain                                              (116.866)          (117.521)                           and other expenses
Pembayaran kas kepada karyawan                                            (149.239)          (157.681)                          Cash paid to employees
Kas yang diperoleh dari operasi                                           225.723             150.485                     Cash provided from operations
Penerimaan bunga                                                            3.383               3.635                                   Interest received
Pembayaran beban bunga                                                                                                  Payment of interest expense and
  dan keuangan                                                             (75.358)           (76.449)                             financial charges
Pembayaran pajak                                                           (54.463)           (47.758)                                     Tax payments
Arus Kas Neto yang Diperoleh dari Aktivitas                                                                      Net Cash Flows Provided by Operating
  Operasi                                                                  99.285              29.913                                    Activities

ARUS KAS DARI AKTIVITAS                                                                                                           CASH FLOWS FROM
INVESTASI                                                                                                                      INVESTING ACTIVITIES
Penerimaan piutang pihak                                                                                                     Receipts of due from related
  berelasi - neto                                     38                       6.714            2.872                                     parties - net
Penerimaan dana dalam
  pembatasan - neto                                   11                       4.563           17.057                Receipts from restricted funds - net
Penerimaan piutang lainnya - neto                     8                        2.641           10.425               Receipts from other receivables - net
Penerimaan penjualan aset tetap                       16                         130              273                 Proceeds from sale of fixed assets
Pembayaran uang muka pembelian                                                                                            Payment of advance payment
  tanah dan tanah untuk                                                                                                     for purchase of land and
  pengembangan - neto                               13,14                  (32.244)          (133.465)                    land for development - net
Perolehan aset tetap                                 16                    (23.899)           (27.243)                         Acquisition of fixed assets
Arus Kas Neto yang Digunakan untuk                                                                                     Net Cash Flows Used in Investing
  Aktivitas Investasi                                                      (42.095)          (130.081)                                   Activities

ARUS KAS DARI AKTIVITAS                                                                                                             CASH FLOWS FROM
PENDANAAN                                                                                                                      FINANCING ACTIVITIES
Penerimaan utang                                                                                                                               Receipts for
  bank jangka pendek - neto                           19                   80.923              77.412                    short-term bank loans - net
Penerimaan (pembayaran) pinjaman Musyarakah                                                                                          Receipts (payments)
   dan pinjaman dari pihak selain bank jangka                                                                            for short-term Musyarakah
  pendek - neto                                       20                       8.806                (50)          financing and non-bank loan - net
Penerimaan (pembayaran) pembiayaan                                                                                    Receipts (payments) for long-term
  Musyarakah jangka panjang - neto                    28                       8.753           (2.485)                   Musyarakah financing - net
                                                                                                               Payments for liability for purchase of fixed
Pembayaran utang pembelian aset tetap - neto                                    601              (540)                                     assets - net
Penerimaan (pembayaran) utang bank                                                                                    Receipts (payments) for long-term
  jangka panjang - neto                               27                  (103.150)            15.374                                  bank loans - net
Pembayaran utang lain-lain
  - neto                                              22                   (32.213)           (12.479)                 Payments for other payables - net
Pembayaran liabilitas sewa                                                  (2.000)                 -                          Lease liability payments
Pembayaran utang pihak                                                                                                     Payments for due to related
  berelasi - neto                                     38                    (1.909)              (159)                                  parties - net
Arus Kas Neto yang Diperoleh dari (Digunakan                                                                      Net Cash Flows Provided by (Used in)
  untuk) Aktivitas Pendanaan                                               (40.189)            77.073                          Financing Activities

PENURUNAN NETO KAS DAN                                                                                                  NET DECREASE IN CASH AND
SETARA KAS                                                                 17.001             (23.095)                         CASH EQUIVALENTS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara                The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                     integral part of these consolidated financial statements.

                                                                           7
Page 325
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                  CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)



                                                  Catatan/
                                                   Notes                 2025              2024

PENGARUH PERUBAHAN                                                                                                       EFFECTS OF EXCHANGE
KURS MATA UANG PADA                                                                                                          RATE CHANGES ON
KAS DAN SETARA KAS                                                              14                 7               CASH AND CASH EQUIVALENTS

Penambahan atas kas dan setara kas dari                                                                        Additions of cash and cash equivalents
  pengambilalihan Entitas Anak                        5                          -            2.920               from acquisition of a Subsidiary

KAS DAN SETARA KAS                                                                                                 CASH AND CASH EQUIVALENTS
AWAL TAHUN                                            6                  113.592            133.760                  AT BEGINNING OF THE YEAR
KAS DAN SETARA KAS                                                                                                 CASH AND CASH EQUIVALENTS
AKHIR TAHUN                                           6                  130.607             113.592                       AT END OF THE YEAR


Lihat Catatan 48 atas laporan keuangan konsolidasian untuk                      See Note 48 to the consolidated financial statements for the
informasi tambahan arus kas.                                                    supplementary cash flows information.




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          8
Page 326
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

1.   UMUM                                                       1.   GENERAL

     a. Pendirian Perusahaan dan Informasi Umum                      a. Establishment of the Company and General
                                                                        Information

       PT Bakrieland Development Tbk (“Perusahaan”)                    PT     Bakrieland     Development     Tbk    (“The
       didirikan pada tanggal 12 Juni 1990 berdasarkan                 Company”) was established with Notarial Deed
       Akta Notaris No. 209 dari John Leonard                          No. 209 of John Leonard Waworuntu, S.H., dated
       Waworuntu, S.H. Akta pendirian Perusahaan                       June 12, 1990. The Company’s Deed of
       disahkan oleh Menteri Kehakiman Republik                        establishment was approved by the Minister of
       Indonesia dalam Surat Keputusan No. C2-                         Justice of the Republic of Indonesia per Decision
       1978.HT.01.01.TH.91 tanggal 31 Mei 1991 dan                     Letter No. C2-1978.HT.01.01.TH.91 dated
       diumumkan dalam Berita Negara Republik                          May 31, 1991 and was published in the State
       Indonesia No. 93 tanggal 19 November 1991.                      Gazette No. 93 dated November 19, 1991. The
       Anggaran Dasar Perusahaan telah mengalami                       Company’s Articles of Association have been
       beberapa      kali   perubahan,      diantaranya,               amended several times, among others, based on
       berdasarkan Akta Notaris No. 29 dari Harun                      the Notarial Deed No. 29 of Harun Kamil, S.H.,
       Kamil, S.H., tanggal 3 April 1997, mengenai                     dated April 3, 1997, regarding the change of the
       perubahan nama Perusahaan dari PT Elang                         Company’s name from PT Elang Realty Tbk to
       Realty Tbk menjadi PT Bakrieland Development                    PT Bakrieland Development Tbk. This change
       Tbk. Perubahan ini telah disetujui oleh Menteri                 was approved by the Minister of Justice of the
       Kehakiman Republik Indonesia dalam Surat                        Republic of Indonesia per Decision Letter No. C2-
       Keputusan No. C2-3097.HT.01.04.Th.97 tanggal                    3097.HT.01.04.Th.97 dated April 25, 1997.
       25 April 1997. Perubahan Anggaran Dasar                         Subsequent changes to the Company’s Article of
       Perusahaan selanjutnya berdasarkan pada Akta                    Association were based on Notarial Deed No. 216
       Notaris Sutjipto, S.H., M.Kn., No. 216 tanggal                  of Sutjipto, S.H., M.Kn., dated June 23, 2008
       23 Juni 2008 mengenai perubahan Anggaran                        regarding amendments to the Company’s Article
       Dasar Perusahaan dalam rangka penyesuaian                       of Association in order to be in line with Law No.
       terhadap Undang-Undang Republik Indonesia                       40 of 2007 concerning Limited Liability
       No. 40 Tahun 2007 tentang Perseroan Terbatas.                   Companies. This amendment was approved by
       Perubahan ini telah disetujui oleh Menteri Hukum                the Ministry of Law and Human Rights in its
       dan Hak Asasi Manusia dengan Surat Keputusan                    Decision Letter No. AHU-58505-AH.01.02 Year
       No. AHU-58505-AH.01.02 Tahun 2008 tanggal                       2008 dated September 3, 2008 and published in
       3 September 2008 dan diumumkan dalam Berita                     State Gazette No. 96, Supplement No. 25686
       Negara No. 96 Tambahan No. 25686 tanggal                        dated November 28, 2008. The latest amendment
       28 November 2008. Perubahan terakhir                            was based on Notarial Deed No. 4 of Aulia
       berdasarkan Akta Notaris No. 4 dari Aulia Taufani,              Taufani, S.H., dated September 1, 2021. The
       S.H., tanggal 1 September 2021. Para pemegang                   Company’s shareholders through a Stockholders’
       saham Perusahaan, melalui Rapat Umum                            Annual General Meeting approved the amended
       Pemegang       Saham      Tahunan      menyetujui               Company’s Articles of Association in order to be
       perubahan Anggaran Dasar Perusahaan untuk                       in line with the Regulation of Indonesia Financial
       disesuaikan dengan Peraturan Otoritas Jasa                      Services      Authority   No.    15/POJK.04/2020
       Keuangan No.15/POJK.04/2020 tentang Rencana                     concerning Planning and Holding a General
       Penyelenggaraan Rapat Umum Pemegang                             Meeting of Shareholders of Public Limited
       Saham Perusahaan Terbuka secara elektronik.                     Companies electronically. This amendment was
       Perubahan ini telah disetujui oleh Menteri                      approved by the Ministry of Law and Human
       Hukum        dan     Hak       Asasi     Manusia                Rights of the Republic in Indonesia in its Decision
       Republik Indonesia dalam Surat Keputusan                        Letter No. AHU-0156725.AH.01.11. Year 2021
       No. AHU-0156725.AH.01.11.Tahun 2021 tanggal                     dated September 14, 2021.
       14 September 2021.

       Sesuai dengan pasal 3 Anggaran Dasar                            According to Article 3 of the Articles of
       Perusahaan, ruang lingkup kegiatan Perusahaan                   Association, the scope of the Company’s activities
       meliputi bidang konstruksi (termasuk real estat),               comprises construction (including real estate),
       perdagangan besar dan jasa (termasuk kegiatan                   whole sale and services (including professional,
       profesional, ilmiah dan teknis).                                scientific and technical activities).

       Perusahaan berdomisili di Jakarta dan kantor                    The Company is domiciled in Jakarta and its head
       pusat berlokasi di Gedung Wisma Bakrie 1                        office is located at Wisma Bakrie 1, 6th Floor, Jl.
       Lantai 6, Jl. H.R. Rasuna Said Kav. B1, Jakarta                 H.R. Rasuna Said Kav. B1, South Jakarta.
       Selatan. Saat ini Grup memiliki properti yang                   Currently, the Group owns properties located in
       terletak di Jakarta, Bogor, Lampung, Yogyakarta                 Jakarta, Bogor, Lampung, Yogyakarta and
       dan Sidoarjo.                                                   Sidoarjo.



                                                            9
Page 327
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

       Perusahaan mulai beroperasi secara komersial                     The Company started its commercial operations
       pada tahun 1990.                                                 in 1990.

       PT Bakrie Capital Indonesia, didirikan di Republik               PT Bakrie Capital Indonesia, established in the
       Indonesia, adalah pemegang saham pengendali                      Republic of Indonesia, is the controlling
       Perusahaan.                                                      shareholder of the Company.

       Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024, the Group’s
       pemegang saham terbesar Grup adalah                              largest shareholder is KPD Simas Equity Fund 2,
       KPD Simas Equity Fund 2, yang merupakan                          an insurance company based in Indonesia.
       perusahaan asuransi yang berbasis di Indonesia.

     b. Penawaran      Umum     Efek    dan     Obligasi              b. Public Offering of Shares and Bonds of The
        Perusahaan                                                       Company

       Pada tanggal 13 Oktober 1995, Perusahaan telah                   On October 13, 1995, the Company received an
       memperoleh pernyataan efektif dari Ketua Badan                   effective statement letter from the Chairman of
       Pengawas        Pasar    Modal      (BAPEPAM)                    the Capital Markets Supervisory Agency
       No. S-1304/PM/1995       untuk       melakukan                   (BAPEPAM) No. S-1304/PM/1995 to undertake
       Penawaran Umum Perdana kepada masyarakat                         an Initial Public Offering of its 110 million shares
       atas 110 juta lembar saham dengan nilai nominal                  with a par value of Rp500 per share through the
       Rp500 per lembar saham melalui Bursa Efek                        Jakarta Stock Exchange at the offering price of
       Jakarta dengan harga penawaran Rp625 per                         Rp625 per share. The Company listed all its
       lembar saham. Perusahaan telah mencatatkan                       shares issued on the Jakarta Stock Exchange on
       seluruh sahamnya di Bursa Efek Jakarta pada                      October 30, 1995.
       tanggal 30 Oktober 1995.

       Pada tanggal 15 September 1997, Perusahaan                       On September 15, 1997, the Company conducted
       melakukan Penawaran Umum Terbatas I dengan                       its Limited Public Offering I through pre-emptive
       Hak Memesan Efek Terlebih Dahulu (HMETD)                         rights to issue 1.05 billion shares with a par value
       atas 1,05 miliar lembar saham dengan nilai                       and offering price of Rp500 per share. All the
       nominal dan harga penawaran Rp500 per lembar                     shares were listed on the Jakarta Stock
       saham. Seluruh saham telah dicatatkan di Bursa                   Exchange on October 6, 1997.
       Efek Jakarta pada tanggal 6 Oktober 1997.

       Pada tanggal 22 November 2005, Perusahaan                        On November 22, 2005, the Company conducted
       melakukan Penawaran Umum Terbatas II dengan                      its Limited Public Offering II through pre-emptive
       HMETD atas 4,2 miliar lembar saham biasa Seri                    rights to issue 4.2 billion shares Series B with a
       B dengan nilai nominal Rp100 per lembar saham                    par value of Rp100 per share and an offering
       dan harga penawaran Rp150 per lembar saham                       price of Rp150 per share, all of which were
       yang seluruh saham yang ditempatkan dan                          issued, fully paid for and listed on the Jakarta
       disetor penuh telah dicatatkan di Bursa Efek                     Stock Exchange on December 12, 2005.
       Jakarta pada tanggal 12 Desember 2005.
       Pada tanggal 16 April 2007, Perusahaan                           On April 16, 2007, the Company received an
       memperoleh Surat Pemberitahuan Efektif atas                      Effective Notification Letter on the Share
       Pernyataan Pendaftaran Emisi Saham dari Ketua                    Issuance Registration Statement from the
       Bapepam-LK untuk melakukan Penawaran Umum                        Chairman of Bapepam-LK to conduct a Limited
       Terbatas III dengan HMETD atas 14 miliar saham                   Public Offering III, through the pre-emptive rights
       biasa Seri B dengan nominal Rp100 per lembar                     to issue 14 billion Series B shares with a par
       saham dan harga penawaran Rp200 per lembar                       value Rp100 per share and an offering price of
       saham, yang seluruh saham ditempatkan dan                        Rp200 per share, all of which were issued, fully
       disetor penuh telah dicatatkan di Bursa Efek                     paid for and listed on the Jakarta Stock Exchange
       Jakarta pada tanggal 1 Mei 2007. Dengan                          on May 1, 2007. With the issuance of these
       diterbitkannya saham tersebut, maka jumlah                       shares, the total number of the Company’s shares
       saham Perusahaan yang telah dicatatkan di                        listed on the Jakarta Stock Exchange came to
       Bursa Saham Jakarta menjadi sebanyak                             19.6 billion shares.
       19,6 miliar lembar saham.




                                                            10
Page 328
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.     GENERAL (Continued)

        Berkenaan dengan Penawaran Umum Terbatas                           In regards to Limited Public Offering III, the
        III, Perusahaan juga menerbitkan Waran Seri I, di                  Company also issued Series I Warrants, of which
        mana untuk setiap 50 saham baru hasil                              every 50 new shares resulting from the exercise
        pelaksanaan HMETD tersebut melekat 7 Waran                         of the Pre-emptive Rights are attached to
        Seri I yang diberikan cuma-cuma sebagai insentif                   7 (seven) Series I Warrants which were given free
        bagi pemegang saham Perusahaan dan/atau                            of charge as an incentive for the Company's
        pemegang HMETD yang melaksanakan haknya.                           Shareholders and/or Pre-emptive Right holders
                                                                           who exercise their rights.

        Pada tanggal 28 Februari 2008, Perusahaan telah                    On February 28, 2008, the Company received an
        mendapatkan pemberitahuan efektif pernyataan                       effective registration notification in regards to the
        pendaftaran dalam rangka Penawaran Umum                            Public Offering of Bakrieland Development Bonds
        Obligasi I Bakrieland Development Tahun 2008                       I Year 2008 with Fixed Interest Rate from the
        dengan Tingkat Bunga Tetap dari Badan                              Capital Markets and Financial Institution
        Pengawas Pasar Modal dan Lembaga Keuangan                          Supervisory      Agency      through     Letter   No.
        berdasarkan Surat No. S-1220/BL/2008.                              S-1220/BL/2008.

        Pada tanggal 25 Juni 2010, Perusahaan                              On June 25, 2010, the Company received the
        memperoleh Surat Pemberitahuan Efektif atas                        Effective Notification Letter for Share Issuance
        Pernyataan Pendaftaran Emisi Saham dari ketua                      Registration Statement from Bapepam-LK to
        Bapepam-LK untuk melakukan Penawaran Umum                          conduct a Limited Public Offering IV, through the
        Terbatas IV dengan HMETD atas 19,96 miliar                         preemptive rights to issue 19.96 billion shares
        lembar saham biasa seri B dengan nominal                           Series B with a par value of Rp100 per share at
        Rp100 per lembar saham dan harga penawaran                         an offering price of Rp160 per share. With the
        Rp160 per lembar saham. Dengan diterbitkannya                      issuance of these shares, the total shares listed
        saham tersebut, maka jumlah saham Perusahaan                       on the stock exchange was 43.52 billion shares.
        yang telah dicatatkan di bursa saham menjadi
        sebanyak 43,52 miliar lembar saham.

        Berkenaan dengan Penawaran Umum Terbatas                           In regards to Limited Public Offering IV, the
        IV tersebut, Perusahaan juga menerbitkan Waran                     Company also issued Series II Warrants, of which
        – Seri II, di mana untuk setiap 20 saham baru                      every 20 new shares resulting from the exercise
        hasil pelaksanaan HMETD tersebut melekat                           of the Pre-emptive Rights were attached to
        7 Waran Seri II yang diberikan cuma-cuma                           7 (seven) Series II Warrants which were given
        sebagai     insentif bagi   pemegang     saham                     free of charge as an incentive for the Company's
        Perusahaan dan/atau pemegang HMETD yang                            Shareholders and/or Pre-emptive Right holders
        melaksanakan haknya.                                               who exercise their rights.

     c. Struktur Entitas Anak                                           c. The Structure of Subsidiaries

        Pada tanggal 31 Desember 2025 dan 2024,                            As of December 31, 2025 and 2024, the
        Perusahaan memiliki Entitas Anak (bersama                          Company has several Subsidiaries (together with
        dengan Perusahaan disebut sebagai “Grup”)                          the Company collectively referred to as the
        sebagai berikut:                                                   “Group”) as follows:

                                                                       Persentase                               Total Aset
                                                                      Kepemilikan/       Operasi           (Sebelum Eliminasi)/
                                                                      Percentage of     Komersial/            Total Assets
                                              Lokasi Proyek/           Ownership       Commercial          (Before Elimination)
               Entitas Anak / Subsidiaries   Project Domicile         2025    2024     Operations           2025          2024
        Entitas Anak/Subsidiaries
        PT Citrasaudara Abadi ("CSA")           Tangerang                                  1997             401.988       401.963
           (langsung/direct )                                          99,99   99,99
           (melalui/through JBR )                                       0,01    0,01
        PT Krakatau Lampung Tourism              Lampung                                   2000           1.041.759     1.037.437
           Development ("KLTD")
           (langsung/direct )                                          99,88   99,88
        PT Bakrie Swasakti Utama ("BSU")         Jakarta                                   1983           4.238.012     4.286.742
           (langsung/direct )                                          69,63   69,63
           (melalui/through LW-6)                                      30,00   30,00




                                                            11
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PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                              DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

1.   UMUM (Lanjutan)                                                   1.     GENERAL (Continued)
                                                                             Persentase                            Total Aset
                                                                            Kepemilikan/          Operasi     (Sebelum Eliminasi)/
                                                                            Percentage of        Komersial/      Total Assets
                                                  Lokasi Proyek/             Ownership          Commercial    (Before Elimination)
               Entitas Anak / Subsidiaries       Project Domicile           2025    2024        Operations     2025          2024

        PT Superwish Perkasa ("SP")                   Jakarta                                      2012       1.329.625    1.331.267
           (langsung/direct )                                                69,99    69,99
           (melalui/through LW-6)                                            30,00    30,00
           (melalui/through BSU)                                              0,01     0,01
        PT Bumi Daya Makmur ("BDM")                   Jakarta                                      2009        789.384       790.483
           (langsung/direct )                                                69,99    69,99
           (melalui/through LW-6)                                            30,00    30,00
           (melalui/through BSU)                                              0,01     0,01
        PT Bumi Sentra Investama ("BSI")              Jakarta                                        -          10.530         5.868
           (langsung/direct )
                              b)                                             99,99    99,99
        BLD Investment Pte. Ltd. ("BLDI")      Singapura/ Singapore                                  -         233.015       233.400
           (langsung/direct )
                              a)                                            100,00   100,00
        Limitless World International                  Dubai                                         -         731.318       731.318
           Services-6 Ltd. ("LW-6")
           (langsung/direct )
                              b)                                            100,00   100,00
        PT Bahana Sukma Sejahtera                Bogor,Jawa Barat/                                   -         779.579       774.299
           ("BSS")
                    a)                              West Java
           (langsung/direct )                                                99,96    99,96
           (melalui/through JBR )                                             0,04     0,04
        PT Bakrie Nirwana Realty ("BNR")         Bogor,Jawa Barat/                                 2015        244.583       248.501
           (langsung/direct)                        West Java                99,99    99,99
           (melalui/through CSA)                                              0,01     0,01
        PT Jasa Boga Raya ("JBR")                Bogor,Jawa Barat/                                 2013          9.118         4.006
           (langsung/direct )                       West Java                85,00    85,00
        PT Surya Global Nusantara ("SGN")
                                          a)         Jakarta                                         -         502.189       511.560
           (langsung/direct )                                                99,99    99,99
           (melalui/through JBR)                                              0,01     0,01
        PT Prima Bisnis Utama ("PBU")
                                       a)             Jakarta                                        -         159.312       159.743
           (langsung/direct)                                                 99,81    99,81
           (melalui/through JBR)                                              0,09     0,09
        PT Mutiara Masyhur Sejahtera            Sidoarjo,Jawa Timur/                               2005       1.176.438    1.232.838
           ("MMS")                                   East Java
           (langsung/direct)                                                  2,92     2,92
           (melalui/through BSU)                                             36,89    36,89
           (melalui/through BDM)                                              17,2     17,2
           (melalui/through SP)                                               42,2     42,2
        BLD Asia Pte. Ltd. ("BLDA")            Singapura/ Singapore                                  -                -              -
           (melalui/through BLDI)
                                   a)                                   100,00       100,00
        PT Bakrie Pesona Rasuna                      Jakarta                                       1996         57.328        65.429
           (“BPR”)
           (melalui/through BSU)                                            98,80     98,80
        PT Rasuna Residence                          Jakarta                                       2004         57.120        55.302
           Development (“RRD”)
           (melalui/through BSU)                                            99,91     99,91
           (melalui/through BSU)                                             0,09      0,09
        PT Provices Indonesia ("PVI")                Jakarta                                       2007        394.657      329.360
           (melalui/through BSU)                                            99,99     99,99
        PT Graha Multi Insani ("GMI")              Yogyakarta                                      2013        239.025      241.990
           (melalui/through BSU)                                            99,20     99,20
           (melalui/through SP)                                              0,80      0,80
        PT Bakrie Pangripta Loka ("BPL")             Jakarta                                       2008         14.625        16.445
           (langsung/direct)                                                26,00     26,00
           (melalui/through BSU)                                            74,00     74,00
        PT Maju Makmur Sejahtera               Sidoarjo,Jawa Timur/                                  -          61.926        49.536
                    a)                              East Java
           (“MMSJ”)
           (melalui/through MMS)                                            99,00     99,00
           (melalui/through NAP)                                             1,00           -




                                                                 12
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PT BAKRIELAND DEVELOPMENT Tbk                                           PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                          FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                               DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                      (Expressed in millions of Rupiah, unless otherwise
lain)                                                                   stated)

1.   UMUM (Lanjutan)                                                    1.     GENERAL (Continued)

                                                                              Persentase                               Total Aset
                                                                             Kepemilikan/          Operasi        (Sebelum Eliminasi)/
                                                                             Percentage of        Komersial/         Total Assets
                                                   Lokasi Proyek/             Ownership          Commercial       (Before Elimination)
               Entitas Anak / Subsidiaries        Project Domicile           2025    2024        Operations        2025          2024

        PT Nugraha Adhikarsa Pratama             Sidoarjo,Jawa Timur/                                 -             114.638       98.682
           (“NAP”)
                    a)                                East Java
           (melalui/through MMS)                                              99,00    99,00
           (melalui/through IPS)                                               1,00        -
        PT Inti Permata Sejati                   Sidoarjo,Jawa Timur/                                 -             129.665      114.365
           (“IPS”)
                   a)                                 East Java
           (melalui/through MMS)                                              99,00    99,00
           (melalui/through NAP)                                               1,00        -
        PT Graha Istana Nirwana                  Sidoarjo,Jawa Timur/                                2020           106.309      109.793
           (“GIN”)                                    East Java
           (melalui/through MMS)                                              98,88   100,00
           (melalui/through NAP)                                               1,12        -
        PT Mitra Langgeng Sejahtera              Sidoarjo,Jawa Timur/                                 -               6.244        6.244
                  a)                                  East Java
           (“MLS”)
           (melalui/through MMS)                                              99,01    99,01
           (melalui/through NAP)                                               1,00        -
        PT Megah Djati Karya                     Sidoarjo,Jawa Timur/                                 -               3.115        3.131
           (“MDK”)
                   a)                                 East Java
           (melalui/through MMS)                                              99,00    99,00
           (melalui/through NAP)                                               1,00        -
        PT Provices Lintas Mandiri                     Jakarta                                        -               1.999        1.999
                     a)
           (“PLM”)
           (melalui/through PVI)                                              99,95    99,95
        PT Provices Total Mandiri                      Jakarta                                        -               1.499        1.499
                     a)
           (“PTM”)
           (melalui/through PVI)                                              99,93    99,93
        PT Provices Prima Mandiri                      Jakarta                                       2021             9.139        1.734
           (“PPM”)
           (melalui/through PVI)                                              99,26    99,26
        PT Provices Karya Mandiri                      Jakarta                                        -                 125          125
                     a)
           (“PKM”)
           (melalui/through PVI)                                              96,00    96,00
        PT Graha Andrasentra                      Bogor,Jawa Barat/                                  1997          1.518.232    1.539.422
           Propertindo Tbk (“GAP”)                   West Java
           (melalui/through SGN)                                              38,76    38,76
        PT Andrasentra Properti                   Bogor,Jawa Barat/                                  2015             5.680        4.094
           Services (“APS”)                          West Java
           (melalui/through GAP)                                              99,99    99,99
        PT Gili Tirta Anugerah (“GTA”)
                                         a) c)    Bogor,Jawa Barat/
           (melalui/through GAP)                     West Java                99,05          -        -             138.601              -
        PT Nirwana Estate Management ("NEM")      Bogor,Jawa Barat/
           (melalui/through GAP)
                                   a) d)             West Java                99,20          -        -                    57            -


        a)   Entitas dalam tahap pengembangan atau                                a) Entities under development stage or non-
             tidak beroperasi                                                         operational
        b)   Tidak aktif                                                          b) Inactive
        c)   Entitas Anak yang baru diambil alih                                  c) Newly acquired Subsidiary (Note 5b)
             Catatan 5b)
        d)   Entitas Anak yang baru didirikan (Catatan 5c)                        d) Newly established Subsidiary (Note 5c)

       Kegiatan usaha Entitas Anak adalah sebagai                                 Activities of Subsidiaries are as follows:
       berikut:

                        Entitas Anak / Subsidiaries                                          Kegiatan Usaha / Activities

         Kepemilikan langsung / Direct ownership:
         PT Citrasaudara Abadi                                          Real Estat/
                                                                        Real Estate


                                                                   13
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

                   Entitas Anak / Subsidiaries                                 Kegiatan Usaha / Activities

         PT Krakatau Lampung Tourism Development                 Konstruksi gedung penginapan, hotel, vila, restoran,
                                                                 kafe, kawasan pariwisata/
                                                                 Construction of accommodation building, hotels, vila,
                                                                 restaurants, cafe, tourism areas
         PT Bakrie Swasakti Utama                                Real estat, konstruksi gedung pendidikan, hunian,
                                                                 perkantoran, penginapan, hiburan dan olahraga,
                                                                 perbelanjaan, industri dan lainnya /
                                                                 Real estate, construction of educational buildings,
                                                                 residential, offices, lodging, entertainment and sports,
                                                                 shopping, industry and others
         PT Superwish Perkasa                                    Konstruksi gedung lainnya/
                                                                 Other building construction
         PT Bumi Daya Makmur                                     Real Estat/
                                                                 Real Estate
         PT Bumi Sentra Investama                                Real estat dan jasa /
                                                                 Real estate and services
         BLD Investment Pte. Ltd.                                Investasi dan pendanaan /
                                                                 Investments and refinancing
         Limitless World International Services - 6 Ltd.         Perusahaan investasi /
                                                                 Investments company
         PT Bahana Sukma Sejahtera                               Real estat/
                                                                 Real estate
         PT Bakrie Nirwana Realty                                Real estat/
                                                                 Real estate
         PT Jasa Boga Raya                                       Perdagangan, jasa penyedia makanan dan minuman /
                                                                 Trading, food and beverage services
         PT Surya Global Nusantara                               Pembangunan, perdagangan dan jasa /
                                                                 Construction, trading and services
         PT Prima Bisnis Utama                                   Pembangunan, perdagangan dan jasa /
                                                                 Construction, trading and services
         PT Mutiara Masyhur Sejahtera                            Real estat, konstruksi gedung tempat tinggal dan gedung
                                                                 lainnya, aktivitas telekomunikasi tanpa kabel /
                                                                 Real estate, construction of residential and other
                                                                 buildings, wireless telecommunication activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui BSU / Through BSU:
         PT Bakrie Pesona Rasuna                                 Real estat, fasilitas lapangan, pengelolaan fasilitas
                                                                 olahraga, klub kebugaran, aktivitas perparkiran,
                                                                 periklanan, fasilitas gelanggang atau arena/
                                                                 Real estate, court facilities, management sports facilities,
                                                                 fitness clubs, parking activities, advertising, arena
                                                                 facilities
         PT Rasuna Residence Development                         Hotel, restoran, penyedia akomodasi lainnya /
                                                                 Hotels, restaurants, other accommodation providers
         PT Provices Indonesia                                   Kebersihan bangunan dan industri lain, keamanan
                                                                 swasta, jasa sistem keamanan, penyedia tenaga kerja
                                                                 waktu tertentu, penyedia gabungan jasa penunjang
                                                                 fasilitas, kebersihan umum dan bangunan, perawatan
                                                                 dan pemeliharaan taman, real estat /
                                                                 Building and other industrial cleaning, private security,
                                                                 security system services, fixed-time labor provider,
                                                                 combined facility support service provider, general public
                                                                 and building cleaning, garden care and maintenance,
                                                                 real estate
         PT Graha Multi Insani                                   Real estat/
                                                                 Real estate
         PT Bakrie Pangripta Loka                                Perdagangan, pembangunan dan jasa /
                                                                 Trading, construction and services

                                                            14
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

                   Entitas Anak / Subsidiaries                                 Kegiatan Usaha / Activities

         PT Mutiara Masyhur Sejahtera                            Real estat, konstruksi gedung tempat tinggal dan gedung
                                                                 lainnya, aktivitas telekomunikasi tanpa kabel /
                                                                 Real estate, construction of residential and other
                                                                 buildings, wireless telecommunication activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui LW-6 / Through LW-6:
         PT Bakrie Swasakti Utama                                Real estat, properti, apartemen, perhotelan dan
                                                                 perkantoran /
                                                                 Real estate, property, apartment, hotels and office
                                                                 spaces
         PT Bumi Daya Makmur                                     Perdagangan, pembangunan dan jasa /
                                                                 Trading, construction and services
         PT Superwish Perkasa                                    Pembangunan dan real estat /
                                                                 Construction and real estate
         Melalui BLDI / Through BLDI:
         BLD Asia Pte. Ltd.                                      Investasi dan pendanaan /
                                                                 Investments and refinancing
         Melalui MMS / Through MMS:
         PT Maju Makmur Sejahtera                                Real estat, konstruksi gedung tempat tinggal dan jalan
                                                                 raya, penyiapan lahan, perdagangan/ Real estate,
                                                                 construction of residential buildings and highways, land
                                                                 preparation, trading
         PT Nugraha Adhikarsa Pratama                            Real estat dan perdagangan/ Real estate and trading
         PT Inti Permata Sejati                                  Real estat/
                                                                 Real estate
         PT Mitra Langgeng Sejahtera                             Real estat, konstruksi gedung tempat tinggal dan jalan
                                                                 raya, penyiapan lahan, perdagangan /
                                                                 Real estate, construction of residential buildings and
                                                                 roads, land preparation, trading
         PT Megah Djati Karya                                    Real estat, konstruksi gedung tempat tinggal dan jalan
                                                                 raya, penyiapan lahan, perdagangan /
                                                                 Real estate, construction of residential buildings and
                                                                 roads, land preparation, trading
         PT Graha Istana Nirwana                                 Hotel, restoran dan penyedia akomodasi lainnya/
                                                                 Hotels, restaurants and other accommodation providers
         Melalui PVI / Through PVI:
         PT Provices Lintas Mandiri                              Pengelola gedung, apartemen dan perumahan /
                                                                 Management of building, apartment and residential area
         PT Provices Total Mandiri                               Pengelola gedung, apartemen dan perumahan /
                                                                 Management of buildings, apartments and residential
                                                                 areas
         PT Provices Prima Mandiri                               Penyedia tenaga kerja waktu tertentu, penyedia
                                                                 gabungan jasa penunjang fasilitas, instalasi saluran air,
                                                                 kebersihan bangunan dan industri lain, kebersihan
                                                                 umum bangunan, dan aktivitas perparkiran /
                                                                 Fixed-time labor provider, combined facility support
                                                                 service provider, water pipeline installation, building and
                                                                 other industrial cleaning, general building cleaning
                                                                 services, and parking activities
         PT Provices Karya Mandiri                               Pengelola gedung, apartemen dan perumahan /
                                                                 Management of buildings, apartments and residential
                                                                 areas




                                                            15
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

1.   UMUM (Lanjutan)                                              1.   GENERAL (Continued)

         Melalui SGN / Through SGN:
         PT Graha Andrasentra Propertindo Tbk                     Pengembangan,      perdagangan      dan    jasa     yang
                                                                  berhubungan dengan real estat, properti dan
                                                                  pengelolaan taman hiburan/rekreasi serta hotel /
                                                                  Development, trading and services related to real estate,
                                                                  property and management of theme parks/recreation
                                                                  parks and hotels
         Melalui GAP / Through GAP:
         PT Andrasentra Properti Services                         Pengelola hotel, perdagangan dan jasa/
                                                                  Hotel management, trading and services
         PT Gili Tirta Anugerah                                   Real estat/
                                                                  Real estate
         PT Nirwana Estate Management                             Pengelola properti dan kawasan /
                                                                  Management of property and estate

        Pada tanggal 31 Desember 2025 dan 2024,                   As     of    December       31,     2025      and    2024
        Limitless World International Services-6 Ltd. dan         Limitless World International Services-6 Ltd. and PT Bumi
        PT Bumi Sentra Investama merupakan Entitas                Sentra Investama are inactive. Meanwhile, PT Maju
        yang tidak aktif beroperasi. Sedangkan,                   Makmur Sejahtera, PT Mitra Langgeng Sejahtera,
        PT Maju Makmur Sejahtera, PT Mitra Langgeng               PT Megah Djati Karya, PT Provices Lintas Mandiri,
        Sejahtera, PT Megah Djati Karya, PT Provices              PT Provices Total Mandiri, and PT Provices Karya
        Lintas Mandiri, PT Provices Total Mandiri dan             Mandiri are entities under development.
        PT Provices Karya Mandiri merupakan Entitas
        yang masih dalam tahap pengembangan.

     d. Dewan Komisaris, Direksi dan Karyawan                          d. Board of Commissioners, Board of Directors
                                                                          and Employees

        Pada tanggal 31 Desember 2025 dan 2024,                           As of December 31, 2025 and 2024, the
        susunan      Dewan     Komisaris    dan    Direksi                composition of the Company’s Boards of
        Perusahaan, berdasarkan Akta Notaris Aryanti                      Commissioners and Directors, based on Notarial
        Artisari S.H., M.Kn., No. 16 tanggal 13 Juni 2024                 Deed No. 16 of Aryanti Artisari S.H., M.Kn., dated
        dan Akta Notaris Andalia Farida, S.H., M.H.,                      June     13,     2024     and    Notarial    Deed
        No. 19 tanggal 21 Juli 2022 adalah sebagai                        No. 19 of Andalia Farida, S.H., M.H., dated
        berikut:                                                          July 21, 2022, is as follows:

                                                       2025 dan/and 2024

        Dewan Komisaris                                                                          Board of Commissioners
        Komisaris Utama                            Bambang Irawan Hendradi                         President Commissioner
        Komisaris                                     Armansyah Yamin                                        Commissioner
        Komisaris Independen                         Kanaka Puradiredja                         Independent Commissioner

        Direksi                                                                                         Board of Directors
        Direktur Utama                                  Resza Adikreshna                                 President Director
        Direktur                                         Melky Aliandri                                            Director
        Direktur                                             Sisilia                                               Director


        Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024, the Group’s
        jumlah karyawan tetap Grup masing-masing                         total number of permanent employees was 275
        adalah 275 dan 320 karyawan (tidak diaudit).                     and 320, respectively (unaudited).




                                                             16
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

        Susunan anggota komite audit pada tanggal                        The composition of the audit committee as of
        31 Desember 2025 dan 2024 adalah sebagai                         December 31, 2025 and 2024 is as follows:
        berikut:

                                               2025                            2024

        Ketua                          Kanaka Puradiredja              Kanaka Puradiredja                       Chairman
        Anggota                       Soenarso Soemodiwirjo             Mohamad Hassan                           Member
        Anggota                            Indra Safitri              Soenarso Soemodiwirjo                      Member

        Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024, the
        Sekretaris Perusahaan adalah Harsya Novwan.                      Company’s Corporate Secretary is Harsya
                                                                         Novwan.

     e. Penyelesaian         Laporan          Keuangan                e. Completion of the Consolidated Financial
        Konsolidasian                                                    Statements

        Manajemen Perusahaan bertanggung jawab atas                      The management of the Company is responsible
        penyusunan laporan keuangan konsolidasian.                       for the preparation of the consolidated financial
        Laporan keuangan konsolidasian ini diselesaikan                  statements. The accompanying consolidated
        dan diotorisasi untuk diterbitkan oleh manajemen                 financial statements were completed and
        Perusahaan pada tanggal 16 Maret 2026.                           authorized for issue by the Company’s
                                                                         management on March 16, 2026.


2.   PERNYATAAN KEPATUHAN                                        2.   STATEMENT OF COMPLIANCE

     Laporan keuangan konsolidasian telah disusun                     The consolidated financial statements have been
     sesuai dengan Standar Akuntansi Keuangan (“SAK”),                prepared in accordance with Financial Accounting
     yang mencakup Pernyataan dan Interpretasi yang                   Standards (“SAK”), which comprise the Statements
     diterbitkan oleh Dewan Standar Akuntansi Keuangan                and Interpretations issued by the Board of Financial
     Ikatan Akuntan Indonesia dan Dewan Standar                       Accounting Standards of the Indonesian Institute of
     Akuntansi Syariah Ikatan Akuntan Indonesia, serta                Accountants and Board of Syariah Financial
     peraturan regulator pasar modal.                                 Accounting Standards of the Indonesian Institute of
                                                                      Accountants, and capital market regulations.


3.   KEBIJAKAN AKUNTANSI MATERIAL                                3.   MATERIAL ACCOUNTING POLICIES

     a. Dasar   Penyusunan       Laporan      Keuangan                a. Basis of Preparation          of   Consolidated
        Konsolidasian                                                    Financial Statements

        Kebijakan akuntansi penting yang diterapkan                      The principal accounting policies applied in the
        dalam      penyusunan       laporan     keuangan                 preparation of these consolidated financial
        konsolidasian ini adalah selaras dengan kebijakan                statements are consistent with the accounting
        akuntansi yang diterapkan dalam penyusunan                       policies applied in the preparation of the Group’s
        laporan keuangan konsolidasian Grup untuk                        consolidated financial statements for the year
        tahun      yang     berakhir     pada     tanggal                ended December 31, 2024, except for the
        31 Desember 2024, kecuali untuk penerapan baru                   adoption of new and amended accounting
        dan amendemen standar akuntansi yang berlaku                     standards effective January 1, 2025 as described
        efektif tanggal 1 Januari 2025 seperti yang                      in the related accounting policies.
        dijelaskan dalam kebijakan akuntansi terkait.

        Efektif tanggal 1 Januari 2025, Grup menerapkan                  Effective January 1, 2025, the Group adopted
        standar baru, amendemen dan revisi Pernyataan                    new standards, amendments and revisions to
        Standar Akuntansi Keuangan (PSAK), yaitu                         Statements of Financial Accounting Standards
        Amendemen PSAK 221, “Pengaruh Perubahan                          (PSAK) namely Amendment to PSAK 221, “The
        Kurs Valuta Asing” tentang kekurangan                            Effect of Changes in Foreign Exchange Rates”
        ketertukaran. Penerapan amendemen ini tidak                      regarding lack of exchangeability. The adoption of
        berdampak       terhadap    laporan    keuangan                  this amendment has no impact on the Group’s
        konsolidasian Grup.                                              consolidated financial statements.


                                                            17
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Laporan keuangan konsolidasian, kecuali laporan                    The consolidated financial statements, except for
        arus kas konsolidasian, disusun secara akrual                      the consolidated statement of cash flows, have
        dengan menggunakan konsep harga perolehan,                         been prepared on the accrual basis using the
        kecuali beberapa akun tertentu disusun                             historical cost basis of accounting, except for
        berdasarkan pengukuran lain sebagaimana                            certain accounts which are measured on the
        diuraikan dalam kebijakan akuntansi masing-                        bases described in the related accounting
        masing akun tersebut.                                              policies for those accounts.

        Laporan arus kas konsolidasian disusun dengan                      The consolidated statement of cash flows is
        menggunakan          metode     langsung,   dan                    prepared based on the direct method, and
        dikelompokkan ke dalam aktivitas operasi,                          classified into operating, investing and financing
        investasi    dan     pendanaan.    Pengungkapan                    activities. Additional disclosure is presented to
        tambahan       disajikan   untuk    mengevaluasi                   evaluate changes in liabilities arising from
        perubahan pada liabilitas yang timbul dari                         financing activities, including the changes arising
        aktivitas pendanaan, termasuk perubahan yang                       from cash flows or non-cash changes.
        timbul dari arus kas maupun perubahan non-kas.

        Mata uang penyajian yang digunakan dalam                           The presentation currency used in the
        penyusunan laporan keuangan konsolidasian                          preparation of the consolidated financial
        adalah mata uang Rupiah (Rp), yang juga                            statements is Rupiah (Rp), which is also the
        merupakan mata uang fungsional Grup. Tiap                          functional currency of the Group. Each entity in
        entitas dalam Grup menentukan mata uang                            the Group determines its own functional currency
        fungsionalnya masing-masing dan mengatur                           and measures its transactions using the
        transaksinya dalam mata uang fungsional                            respective functional currency.
        tersebut.

        Penyusunan laporan keuangan konsolidasian                          The preparation of consolidated financial
        sesuai dengan Standar Akuntansi Keuangan di                        statements in conformity with Indonesian Financial
        Indonesia mengharuskan penggunaan estimasi                         Accounting Standards requires the use of certain
        dan asumsi. Hal tersebut juga mengharuskan                         accounting estimation and assumptions. It also
        manajemen untuk membuat pertimbangan dalam                         requires management to exercise its judgment in
        proses penerapan kebijakan akuntansi Grup.                         the process of applying the Group’s accounting
                                                                           policies.

     b. Prinsip-prinsip Konsolidasian                                   b. Principles of Consolidation

        Laporan keuangan konsolidasian meliputi laporan                    The consolidated financial statements include the
        keuangan Perusahaan dan Entitas Anak seperti                       financial statements of the Company and
        yang disebutkan pada Catatan 1c.                                   Subsidiaries as mentioned in Note 1c.

        Laporan keuangan Entitas Anak disusun dengan                       The financial statements of the Subsidiaries are
        periode    pelaporan     yang     sama   dengan                    prepared for the same reporting period as the
        Perusahaan.      Kebijakan     akuntansi   yang                    Company. The accounting policies adopted in
        digunakan dalam penyajian laporan keuangan                         preparing the consolidated financial statements
        konsolidasian telah diterapkan secara konsisten                    have been consistently applied by the Group,
        oleh Grup, kecuali dinyatakan lain.                                unless otherwise stated.

        Entitas-entitas anak dikonsolidasi secara penuh                    Subsidiaries are fully consolidated from the date
        sejak tanggal akuisisi, yaitu tanggal Perusahaan                   of acquisition, which is the date the Company
        memperoleh pengendalian, sampai dengan                             obtains control, until the date the Company
        tanggal Perusahaan kehilangan pengendalian                         ceases to control the Subsidiaries.
        atas Entitas Anak tersebut.

        Investor mengendalikan investee ketika investor                    An investor controls an investee when it is
        terekspos atau memiliki hak atas imbal hasil                       exposed, or has rights, to variable returns from its
        variabel dari keterlibatannya dengan investee dan                  involvement with the investee and has the ability
        memiliki kemampuan untuk memengaruhi imbal                         to affect those returns through its power over the
        hasil tersebut melalui kekuasaannya atas                           investee. Therefore, the investor controls the
        investee.      Dengan       demikian,      investor                investee if, and only if, the investor has all of the
        mengendalikan investee jika, dan hanya jika,                       following:
        investor memiliki seluruh hal berikut ini:



                                                              18
Page 336
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       (a) kekuasaan atas investee;                                      (a) power over the investee;
       (b) eksposur atau hak atas imbal hasil variabel                   (b) exposure or rights to variable returns from its
           dari keterlibatannya dengan investee; dan                         involvement with the investee; and
       (c) kemampuan          untuk       menggunakan                    (c) the ability to use its power over the investee
           kekuasaannya       atas    investee    untuk                      to affect the amount of the investor’s returns.
           memengaruhi jumlah imbal hasil investor.

       Investor menilai kembali apakah investor                          An investor reassesses whether it controls an
       mengendalikan investee jika fakta dan keadaan                     investee if facts and circumstances indicate that
       mengindikasikan adanya perubahan terhadap                         one or more of the three (3) control elements
       satu atau lebih dari tiga (3) elemen pengendalian.                have changed.

       Kepentingan      nonpengendali      mencerminkan                  Non-controlling interest represents a portion of
       bagian atas laba rugi dan aset neto yang tidak                    the profit or loss and net assets not attributable to
       diatribusikan kepada entitas induk dan disajikan                  the parent and is presented separately in the
       secara terpisah dalam laporan laba rugi dan                       consolidated statements of profit or loss and
       penghasilan komprehensif lain konsolidasian, dan                  other comprehensive income, and within equity in
       dalam ekuitas pada laporan posisi keuangan                        the consolidated statements of financial position,
       konsolidasian, dipisahkan dari ekuitas yang dapat                 separately from equity attributable to the parent.
       diatribusikan kepada entitas induk.

       Total penghasilan komprehensif lain diatribusikan                 Total other comprehensive income is attributed to
       kepada pemilik entitas induk dan kepentingan                      the owners of the parent and to the non-
       nonpengendali bahkan jika hal ini mengakibatkan                   controlling interests even if this results in the non-
       kepentingan nonpengendali mempunyai saldo                         controlling interests having a deficit balance.
       defisit.

       Seluruh saldo akun dan transaksi yang material                    All significant intercompany balances            and
       antar entitas yang dikonsolidasi telah dieliminasi.               transactions have been eliminated.

       Perubahan bagian kepemilikan                                      Changes in the ownership interests

       Perubahan dalam bagian kepemilikan entitas                        Changes in a parent’s ownership interest in a
       induk    pada     entitas    anak   yang    tidak                 subsidiary that do not result in a loss of control
       mengakibatkan hilangnya pengendalian dicatat                      are accounted for as equity transactions, in which
       sebagai transaksi ekuitas, di mana jumlah                         the carrying amounts of the controlling and non-
       tercatat    kepentingan        pengendali     dan                 controlling interests are adjusted to reflect the
       nonpengendali disesuaikan untuk mencerminkan                      changes in their relative interests in the
       perubahan bagian relatifnya atas entitas anak.                    subsidiary. The difference between the amount
       Perbedaan      antara      jumlah    kepentingan                  by which the non-controlling interests are
       nonpengendali disesuaikan dan nilai wajar                         adjusted and the fair value of the consideration
       imbalan yang diberikan atau diterima diakui                       paid or received is recognized directly in equity
       secara langsung dalam ekuitas dan diatribusikan                   and attributed to the owners of the parent.
       pada pemilik entitas induk.

       Jika entitas induk kehilangan pengendalian pada                   If a parent loses control of a subsidiary, the
       entitas anak, maka entitas induk:                                 parent:
       (a) menghentikan pengakuan aset (termasuk                         (a) derecognizes the assets (including goodwill)
            setiap goodwill) dan liabilitas entitas anak                     and liabilities of the former subsidiary from
            terdahulu dari laporan posisi keuangan                           the consolidated statements of financial
            konsolidasian.                                                   position.




                                                             19
Page 337
PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                             DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                          3.   MATERIAL ACCOUNTING POLICIES (Continued)

        (b) mengakui sisa investasi pada entitas anak                         (b) recognizes any investment retained in the
            terdahulu pada nilai wajarnya pada tanggal                            former subsidiary at its fair value at the date
            hilangnya pengendalian, dan selanjutnya                               when control is lost, and subsequently
            mencatat sisa investasi tersebut dan setiap                           accounts for it and for any amounts owed by
            jumlah terutang oleh atau kepada entitas                              or to the former subsidiary. That fair value
            anak terdahulu. Nilai wajar tersebut dianggap                         shall be regarded as the fair value on initial
            sebagai nilai wajar pada saat pengakuan                               recognition of a financial asset or, if
            awal aset keuangan atau, jika sesuai, biaya                           appropriate, the cost on initial recognition of
            perolehan pada saat pengakuan awal                                    an investment in an associate or joint
            investasi pada entitas asosiasi atau ventura                          venture.
            bersama.
        (c) mengakui keuntungan atau kerugian terkait                         (c) recognizes the gain or loss associated with
            dengan hilangnya pengendalian yang dapat                              the loss of control attributable to the former
            diatribusikan pada kepentingan pengendali                             controlling interest.
            terdahulu.

     c. Kombinasi Bisnis                                                   c. Business Combinations

        Kombinasi bisnis dicatat menggunakan metode                           Business combinations are accounted for using
        akuisisi. Biaya perolehan dari suatu akuisisi                         the acquisition method. The cost of an acquisition
        diukur berdasarkan nilai agregat imbalan yang                         is measured as the aggregate of the
        dialihkan, yang diukur pada nilai wajar pada                          consideration     transferred,    measured      on
        tanggal akuisisi dan jumlah setiap kepentingan                        acquisition date at fair value, and the amount of
        nonpengendali pada pihak yang diakuisisi. Biaya                       any non-controlling interests in the acquiree. The
        akuisisi yang terjadi dibiayakan dan dicatat                          acquisition costs incurred are expensed and
        sebagai beban pada tahun berjalan.                                    recognized in the current year.

        Selisih lebih antara penjumlahan imbalan yang                         The excess of the aggregate of the consideration
        dialihkan dan jumlah yang diakui untuk                                transferred and the amount recognized for non-
        kepentingan       nonpengendali       dengan      aset                controlling interest over the net identified assets
        teridentifikasi dan liabilitas yang diambil-alih (aset                and liabilities assumed is recorded as goodwill. In
        neto) dicatat sebagai goodwill. Dalam kondisi                         contrary, the Company recognizes the lower
        sebaliknya, Perusahaan mengakui selisih kurang                        amount as gain in the consolidated statement of
        tersebut sebagai keuntungan dalam laba rugi dan                       profit or loss and other comprehensive income on
        penghasilan komprehensif lain konsolidasian                           the date of acquisition.
        pada tanggal akuisisi.

        Setelah pengakuan awal, goodwill diukur sebesar                       After initial recognition, goodwill is measured at
        biaya perolehan dikurangi dengan akumulasi                            cost less any accumulated impairment losses.
        penurunan nilai. Untuk tujuan penurunan nilai,                        For the purpose of impairment testing, goodwill
        goodwill yang diperoleh dari kombinasi bisnis,                        acquired in the business combination is, from the
        sejak tanggal akuisisi dialokasikan ke setiap unit                    acquisition date, allocated to each of the Group’s
        penghasil kas dari Grup yang diharapkan                               cash-generating units that are expected to
        bermanfaat dari kombinasi bisnis tersebut,                            benefit from the combination, irrespective of
        terlepas apakah aset dan liabilitas lainnya dari                      whether other assets or liabilities of the acquiree
        entitas yang diakuisisi ditetapkan ke unit-unit                       are assigned to those units.
        tersebut.

        Goodwill merupakan selisih lebih antara harga                         Goodwill represents the excess of the cost of an
        perolehan investasi Entitas Anak, entitas asosiasi                    acquisition of a subsidiary, associate or business
        atau bisnis dan nilai wajar bagian Grup atas aset                     over the fair value of the Group’s share of the
        neto Entitas Anak, entitas asosiasi atau bisnis                       identifiable net assets of the acquired subsidiary,
        yang dapat diidentifikasi pada tanggal akuisisi.                      associate or business on the acquisition date.

        Goodwill dihentikan pengakuannya pada saat                            Goodwill is derecognized upon disposal or when
        dilepaskan atau ketika tidak ada lagi manfaat                         no future benefits are expected from its use or
        masa depan yang diharapkan dari penggunaan                            disposal.
        atau pelepasannya.



                                                                 20
Page 338
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

     d. Kas dan Setara Kas                                            d. Cash and Cash Equivalents

        Kas terdiri dari saldo kas dan bank yang tidak                   Cash consists of cash on hand and cash in
        dibatasi penggunaannya. Setara kas adalah                        banks which is not restricted as to used. Cash
        deposito berjangka dengan jangka waktu tiga (3)                  equivalents are time deposits with maturities of
        bulan atau kurang sejak tanggal penempatan dan                   three (3) months or less at the time of placement
        tidak digunakan sebagai jaminan.                                 and not pledged as collateral.

        Kas dan setara kas yang dijaminkan dan dibatasi                  Cash and cash equivalents which are used as
        penggunaannya dicatat sebagai “Dana dalam                        collateral and restricted in use, are recorded as
        Pembatasan” dalam laporan posisi keuangan                        “Restricted Fund” in the consolidated statements
        konsolidasian.                                                   of financial position.

     e. Dividen                                                       e. Dividend

        Pembagian dividen kepada para pemegang                           Dividend distribution to the Company’s
        saham Perusahaan diakui sebagai liabilitas                       shareholders is recognized as a liability in the
        dalam laporan keuangan konsolidasian pada                        consolidated financial statements in the year in
        tahun ketika dividen tersebut disetujui oleh para                which the dividends are approved by the
        pemegang saham Perusahaan.                                       Company’s shareholders.

     f. Transaksi dengan Pihak-pihak Berelasi                         f. Transaction with Related Parties

       Pihak-pihak berelasi adalah orang atau entitas                    Related parties are persons or entities that are
       yang terkait dengan Grup:                                         related to the Group:
       a) Orang atau anggota keluarga dekatnya yang                      a) A person or a close member of that person's
           mempunyai relasi dengan Grup jika orang                           family is related to the Group if that person:
           tersebut:
           i. memiliki pengendalian atau pengendalian                       i. has control or joint control over the Group;
                bersama atas Grup;
          ii. memiliki pengaruh signifikan atas Grup;                       ii. has significant influence over the Group;
                atau                                                            or
         iii.   personil manajemen kunci Grup atau                         iii. is a member of the key management
                entitas induk Grup.                                             personnel of the Group or of a parent of
                                                                                the Group.

       b) Suatu entitas berelasi dengan Grup jika                        b) An entity is related to the Group if any of the
           memenuhi salah satu hal berikut:                                   following conditions apply:
           i. entitas dan Grup adalah anggota dari                           i. the entity and the Group are members of
              Grup yang sama (artinya entitas induk,                              the same group (which means that each
              entitas anak, dan entitas anak berikutnya                           parent, subsidiary and fellow subsidiary is
              saling berelasi dengan entitas lainnya).                            related to the others).
          ii. satu entitas adalah entitas asosiasi atau                     ii. one entity is an associate or joint venture
              ventura bersama dari entitas lain (atau                             of the other entity (or an associate or joint
              entitas asosiasi atau ventura bersama                               venture that is a member of a Group of
              yang merupakan anggota suatu Grup,                                  which the other entity is a member).
              yang mana entitas lain tersebut adalah
              anggotanya).
         iii. kedua entitas tersebut adalah ventura                        iii.both entities are joint ventures of the same
              bersama dari pihak ketiga yang sama.                             third party.
         iv. satu entitas adalah ventura bersama dari                      iv. one entity is a joint venture of a third entity
              entitas ketiga dan entitas yang lain adalah                      and the other entity is an associate of the
              entitas asosiasi dari entitas ketiga.                            third entity.
          v. entitas tersebut adalah suatu program                          v. the entity is a post-employment defined
              imbalan pascakerja untuk imbalan kerja                           benefit plan for the benefit of employees of
              dari Grup atau entitas yang terkait dengan                       either the Group or an entity related to the
              Grup.                                                            Group.
         vi. entitas       yang     dikendalikan     atau                  vi. the entity is controlled or jointly controlled
              dikendalikan bersama oleh orang yang                             by a person identified in letter (a).
              diidentifikasi dalam huruf (a).




                                                            21
Page 339
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                        3.   MATERIAL ACCOUNTING POLICIES (Continued)

         vii.    orang yang diidentifikasi dalam huruf (a)                   vii. a person identified in letter (a) (i) has
                 (i) memiliki pengaruh signifikan atas                            significant influence over the entity or is
                 entitas     atau     merupakan     personil                      the key management personnel of the
                 manajemen kunci entitas (atau entitas                            entity (or a parent of the entity).
                 induk dari entitas).
         viii.   entitas, atau anggota dari kelompok yang                    viii.   the entity, or any member of a group of
                 mana entitas merupakan bagian dari                                  which it is a part, provides key
                 kelompok tersebut, menyediakan jasa                                 management personnel services to the
                 personil manajemen kunci kepada entitas                             entity or to the parent of the entity.
                 atau kepada entitas induk dari entitas.

        Transaksi ini dilakukan berdasarkan persyaratan                     The transactions are made based on terms
        yang disetujui oleh kedua belah pihak. Beberapa                     agreed by the parties. Such terms may not be the
        persyaratan tersebut mungkin tidak sama dengan                      same as those with unrelated parties.
        persyaratan yang dilakukan dengan pihak-pihak
        yang tidak berelasi.

        Seluruh transaksi dan saldo yang material                           All material transactions and balances with
        dengan pihak-pihak berelasi diungkapkan dalam                       related parties are disclosed in the relevant notes
        catatan atas laporan keuangan konsolidasian                         to the consolidated financial statements.
        yang relevan.

     g. Beban Dibayar Dimuka                                             g. Prepaid Expenses

        Beban dibayar dimuka diamortisasi selama masa                       Prepaid expenses are amortized over the useful
        manfaat    masing-masing      biaya    dengan                       life of each expense using the straight-line
        menggunakan metode garis lurus.                                     method.

     h. Transaksi dan Saldo Dalam Mata Uang Asing                        h. Foreign Currency Transactions and Balances

        Pembukuan Grup diselenggarakan dalam mata                           The accounting records of the Group are
        uang Rupiah. Transaksi dalam mata uang asing                        maintained in Rupiah. Transactions denominated
        dijabarkan ke dalam Rupiah dengan kurs yang                         in foreign currencies are translated into Rupiah at
        berlaku pada tanggal transaksi. Pada akhir tahun                    the exchange rates prevailing at the dates of the
        pelaporan, aset dan liabilitas moneter dalam                        transactions. At the end of the reporting year,
        mata uang asing dijabarkan ke dalam Rupiah                          monetary assets and liabilities denominated in
        dengan menggunakan kurs tengah yang                                 foreign currencies are translated into Rupiah
        ditetapkan oleh Bank Indonesia pada tanggal                         using the middle rates of exchange quoted by
        tersebut. Keuntungan atau kerugian dari selisih                     Bank Indonesia at such dates. Exchange gains
        kurs mata uang asing dan penjabaran aset dan                        and losses arising from foreign currency
        liabilitas moneter dalam mata uang Rupiah diakui                    transactions and on the translation of the foreign
        dalam laporan laba rugi dan penghasilan                             currency’s monetary assets and liabilities into
        komprehensif lain konsolidasian tahun berjalan,                     Rupiah are recognized in the current year’s
        kecuali untuk laba atau rugi pertukaran yang                        consolidated statements of profit or loss and
        timbul dari penjabaran laporan keuangan operasi                     other comprehensive income, except for the
        asing ke mata uang penyajian Grup, yang diakui                      exchange gains and losses arising from the
        langsung dalam pendapatan komprehensif                              translation of the foreign operation’s financial
        lainnya.                                                            statements into the presentation currency of the
                                                                            Group, which are recognized directly in other
                                                                            comprehensive income.

        Kurs yang digunakan untuk menjabarkan ke mata                       The exchange rates used for translation into
        uang Rupiah, pada tanggal 31 Desember 2025                          Rupiah, as of December 31, 2025 and 2024, are
        dan 2024, adalah sebagai berikut:                                   as follows:

                                                       2025                2024
        1 Dolar Amerika Serikat (US$)                     16.782             16.162              Dollar United States (US$) 1
        1 Dolar Singapura (SG$)                           13.069             11.919                 Dollar Singapore (SG$) 1




                                                               22
Page 340
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

     i. Instrumen Keuangan                                             i. Financial Instruments

        1. Aset Keuangan                                                  1. Financial Assets

          Pengakuan Awal                                                     Initial Recognition

          Aset keuangan pada awalnya diakui sebesar                          Financial assets are initially recognized at fair
          nilai wajarnya ditambah biaya transaksi. Grup                      value plus transaction costs. The Group
          mengklasifikasikan aset keuangan menjadi (i)                       classifies its financial assets into the following
          aset keuangan yang diukur dengan biaya                             categories (i) financial assets measured at
          perolehan diamortisasi, (ii) aset keuangan                         amortized cost (ii) financial assets at fair
          yang diukur pada nilai wajar melalui                               value through other comprehensive income
          penghasilan komprehensif lain (FVOCI) dan                          (FVOCI) and (iii) financial assets at fair value
          (iii) aset keuangan yang ditetapkan untuk                          through profit or loss (FVTPL). The
          diukur pada nilai wajar melalui laba rugi                          classification and measurement of financial
          (FVTPL). Klasifikasi dan pengukuran aset                           assets are based on the business model and
          keuangan harus didasarkan pada bisnis                              contractual cash flows. The Group determines
          model dan arus kas kontraktual. Grup                               the classification of its financial assets at
          menentukan      klasifikasi aset   keuangan                        initial recognition and does not change the
          tersebut pada pengakuan awal dan tidak                             classification already made.
          melakukan perubahan atas klasifikasi yang
          telah dibuat.

          Pengukuran Selanjutnya                                             Subsequent Measurement

          -   Aset keuangan yang diukur dengan biaya                         -   Financial assets at amortized cost
              diamortisasi

              Aset keuangan diklasifikasikan sebagai                             Financial assets are classified as financial
              aset keuangan yang diukur dengan biaya                             assets measured at amortized cost where
              perolehan diamortisasi di mana aset                                the financial assets are held within the
              keuangan dikelola dalam model bisnis                               business model whose objective is to hold
              yang bertujuan untuk memiliki aset                                 financial assets in order to collect
              keuangan dalam rangka mendapatkan                                  contractual cash flows. Financial assets
              arus kas kontraktual. Aset keuangan yang                           measured at amortized cost are initially
              diukur    dengan       biaya    perolehan                          recognised at fair value plus transaction
              diamortisasi pada awalnya diakui sebesar                           costs and subsequently measured at
              nilai wajarnya ditambah dengan biaya-                              amortized cost using the effective interest
              biaya transaksi dan selanjutnya diukur                             rate method.
              pada biaya perolehan diamortisasi dengan
              menggunakan metode suku bunga efektif.

          -   Aset keuangan yang diukur dengan nilai                         -   Financial assets are measured at fair
              wajar melalui penghasilan komprehensif                             value through other comprehensive
              lain (FVOCI)                                                       income (FVOCI)

              Aset keuangan berupa instrumen utang                               Financial assets in debt instruments are
              diklasifikasikan sebagai aset keuangan                             classified as at FVOCI if they are held in a
              FVOCI jika aset keuangannya dimiliki                               business model whose objective is
              dalam model bisnis yang tujuannya dicapai                          achieved by both collecting contractual
              dengan       mengumpulkan      arus   kas                          cash flows and selling financial assets.
              kontraktual dan menjual aset keuangan.

              Untuk aset keuangan berupa instrumen                               For financial assets in equity instruments
              ekuitas di mana Grup memilih opsi FVOCI                            where the Group opts for the FVOCI
              maka keuntungan dan kerugian dari aset                             option, gains and losses are never
              keuangan ini tidak pernah direklasifikasi ke                       reclassified to profit or loss.
              laba rugi.




                                                             23
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

          -   Aset keuangan yang diukur dengan nilai                       -   Financial assets are measured at fair
              wajar melalui laba rugi (FVTPL)                                   value through profit or loss (FVTPL)

              Aset keuangan diklasifikasikan sebagai                           Financial assets are classified as FVTPL if
              FVTPL jika aset keuangan tersebut tidak                          those financial assets do not meet the
              memenuhi kriteria sebagai aset keuangan                          criteria for financial assets measured at
              yang diukur dengan biaya perolehan                               amortized cost and FVOCI.
              diamortisasi dan FVOCI.

          Penurunan Nilai Aset Keuangan                                    Impairment of Financial Assets

          Pada setiap periode pelaporan, Grup menilai                      At each reporting date, the Group assesses
          apakah risiko kredit dari instrumen keuangan                     whether the credit risk on a financial
          telah meningkat secara signifikan sejak                          instrument has increased significantly since
          pengakuan awal. Ketika melakukan penilaian,                      initial recognition. When making the
          Grup menggunakan perubahan atas risiko                           assessment, the Group uses the change in
          gagal bayar yang terjadi sepanjang perkiraan                     the risk of a default occurring over the
          umur      instrumen       keuangan     daripada                  expected life of the financial instrument
          perubahan atas jumlah kerugian kredit                            instead of the change in the amount of
          ekspektasian. Dalam melakukan penilaian                          expected credit losses. In conducting this
          tersebut, Grup membandingkan antara risiko                       assessment, the Group compares the risk of
          gagal bayar yang terjadi atas instrumen                          default occurring on the financial instrument
          keuangan pada saat periode pelaporan                             as at the reporting date with the risk of a
          dengan risiko gagal bayar yang terjadi atas                      default occurring on the financial instrument
          instrumen keuangan pada saat pengakuan                           as at initial recognition, considering
          awal, yang mempertimbangkan kewajaran                            reasonable and supportable information that
          serta ketersediaan informasi, yang tersedia                      is available without undue cost or effort at the
          tanpa biaya atau usaha yang tidak semestinya                     reporting date about past events, current
          pada saat tanggal pelaporan terkait dengan                       conditions and forecasts of future economic
          kejadian masa lalu, kondisi terkini dan                          conditions, which is indicative of significant
          perkiraan atas kondisi ekonomi di masa                           increases in credit risk since initial
          depan, yang mengindikasikan kenaikan                             recognition.
          signifikan risiko kredit sejak pengakuan awal.

          Grup       menerapkan  metode     yang                           The Group applies a simplified approach to
          disederhanakan untuk mengukur kerugian                           measure expected credit loss.
          kredit ekspektasian.

          Penghentian Pengakuan Aset Keuangan                              Derecognition of Financial Assets

          Grup      menghentikan      pengakuan     aset                   The Group derecognizes financial assets if,
          keuangan jika, dan hanya jika, hak kontraktual                   and only if: the contractual rights to the cash
          atas arus kas yang berasal dari aset keuangan                    flows from the financial asset expire; or the
          tersebut berakhir, atau mengalihkan hak                          contractual rights to receive the cash flows of
          kontraktual untuk menerima arus kas yang                         the financial asset are transferred; or the
          berasal dari aset keuangan, atau tetap                           contractual rights to receive the cash flows of
          memiliki hak kontraktual untuk menerima arus                     the financial asset are retained but a
          kas yang berasal dari aset keuangan namun                        contractual obligation is assumed to pay
          juga menanggung kewajiban kontraktual untuk                      those cash flows to one or more recipients in
          membayar arus kas yang diterima tersebut                         an arrangement that meets certain conditions.
          kepada satu atau lebih pihak penerima melalui                    When the Group transfers a financial asset, it
          suatu     kesepakatan      yang     memenuhi                     evaluates the extent to which it retains the
          persyaratan tertentu. Ketika Grup mengalihkan                    risks and rewards of ownership of the
          aset keuangan, maka Grup mengevaluasi                            financial asset.
          sejauh mana Grup tetap memiliki risiko dan
          manfaat atas kepemilikan aset keuangan
          tersebut.




                                                            24
Page 342
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       2. Liabilitas Keuangan                                             2. Financial Liabilities

          Pengakuan Awal                                                     Initial Recognition

          Grup mengklasifikasikan seluruh liabilitas                         The Group determines the classification of its
          keuangannya pada saat pengakuan awal.                              financial liabilities at initial recognition. The
          Grup memiliki liabilitas keuangan yang                             Group has financial liabilities classified into
          diklasifikasikan dalam liabilitas keuangan yang                    the financial liabilities measured at amortized
          diukur dengan biaya perolehan diamortisasi.                        cost. All financial liabilities are recognized
          Seluruh liabilitas keuangan diakui pada                            initially at fair value and, in the case of loans
          awalnya sebesar nilai wajar dan, dalam hal                         and borrowings, inclusive of directly
          pinjaman dan utang, termasuk biaya transaksi                       attributable transaction costs.
          yang dapat diatribusikan secara langsung.

          Pengukuran Selanjutnya                                             Subsequent Measurement

          Setelah pengakuan awal, liabilitas keuangan                        After initial recognition, financial liabilities in
          dalam kategori ini selanjutnya diukur pada                         this category are subsequently measured at
          biaya    perolehan   diamortisasi    dengan                        amortized cost using the effective interest
          menggunakan metode suku bunga efektif.                             method. The amortization of the effective
          Amortisasi suku bunga efektif termasuk di                          interest rate is included in finance costs in
          dalam biaya keuangan dalam laporan laba                            profit or loss.
          rugi.

          Penghentian Pengakuan Liabilitas Keuangan                          Derecognition of Financial Liabilities

          Grup menghentikan pengakuan liabilitas                             The Group derecognizes financial liabilities if,
          keuangan jika, dan hanya jika, kewajiban Grup                      and only if, the Group’s obligations are
          dilepaskan, dibatalkan atau kadaluwarsa.                           discharged, canceled or expired.

       3. Instrumen Derivatif                                             3. Derivative Instruments

          Instrumen derivatif dicatat pada pengakuan                         Derivative instruments are initially recognized
          awal sebesar nilai wajar pada tanggal                              at fair value as at the date the derivative
          perjanjian derivatif ditandatangani dan diukur                     contract is entered into and are remeasured
          kembali setiap akhir periode laporan. Derivatif                    at the end of each reporting period.
          dicatat sebagai aset keuangan saat nilai wajar                     Derivatives are carried as financial assets
          positif dan liabilitas keuangan saat nilai wajar                   when the fair value is positive and as
          negatif.                                                           financial liabilities when the fair value is
                                                                             negative.

          Derivatif melekat disajikan dengan kontrak                         Embedded derivative is presented with the
          utamanya pada laporan posisi keuangan                              host contract on the consolidated statements
          konsolidasian yang mencerminkan penyajian                          of financial position which represents an
          yang memadai atas seluruh arus kas pada                            appropriate presentation of overall future
          masa datang dari instrumen tersebut secara                         cash flows for the instrument taken as a
          keseluruhan. Derivatif yang melekat pada                           whole. Derivatives embedded in other
          instrumen keuangan atau kontrak awal                               financial instruments or other host contracts
          diperlakukan sebagai derivatif yang berbeda                        are treated as separate derivatives when
          saat risiko dan karakteristiknya tidak saling                      their risks and characteristics are not closely
          berhubungan dengan kontrak utamanya dan                            related to those of the host contracts and the
          kontrak utama tersebut tidak diukur dengan                         host contracts are not measured at fair value,
          nilai wajar serta perubahan pada nilai wajar                       with changes in fair value recognized in profit
          diakui dalam laba rugi.                                            or loss.

          Derivatif disajikan sebagai aset tidak lancar                      A derivative is presented as a non-current
          atau liabilitas jangka panjang jika sisa periode                   asset or a non-current liability if the remaining
          jatuh tempo dari instrumen tersebut lebih dari                     maturity of the instrument is more than twelve
          dua belas (12) bulan dan tidak diharapkan                          (12) months and it is not expected to be
          untuk direalisasi atau diselesaikan dalam                          realized or settled within twelve (12) months.
          jangka waktu dua belas (12) bulan.




                                                             25
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

           Keuntungan atau kerugian yang timbul dari                           Gains or losses arising from changes in the
           perubahan nilai wajar instrumen derivatif diakui                    fair value of derivative instrument are
           sebagai laba tahun berjalan, kecuali seluruh                        recognized currently in earnings, unless
           persyaratan khusus (contoh, dokumen formal,                         meeting all the specific requirements (e.g.,
           penetapan dan pengukuran keefektifan                                formal documentation, designation and
           transaksi) untuk diakui sebagai “Penghasilan                        assessment of the effectiveness of the
           Komprehensif Lainnya” sesuai dengan tipe                            transaction) to allow deferral as “Other
           akuntansi lindung nilai tertentu terpenuhi.                         Comprehensive Income” under certain types
                                                                               of hedge accounting.

        4. Saling Hapus Instrumen Keuangan                                 4. Offsetting of Financial Instruments

           Aset keuangan dan liabilitas keuangan saling                       Financial assets and financial liabilities are
           hapus dan jumlah netonya dilaporkan dalam                          offset and the net amount reported in the
           laporan posisi keuangan konsolidasian jika,                        consolidated statements of financial position
           dan hanya jika, saat ini memiliki hak yang                         if, and only if, there is a currently enforceable
           berkekuatan hukum untuk melakukan saling                           legal right to offset the recognized amounts
           hapus atas jumlah yang telah diakui dan                            and there is an intention to settle on a net
           terdapat niat untuk menyelesaikannya secara                        basis, or to realize the assets and settle the
           neto, atau untuk merealisasikan aset dan                           liabilities simultaneously.
           menyelesaikan liabilitasnya secara simultan.

     j. Persediaan                                                      j. Inventories

        Harga      perolehan   persediaan     real   estat                 The acquisition cost of real estate inventory
        dialokasikan ke masing-masing proyek real estat                    allocated to each project in real estate is
        ditentukan     dengan    menggunakan       metode                  determined using the specific identification
        identifikasi khusus untuk beban langsung dan                       method for direct expenses and based on
        berdasarkan meter persegi untuk beban fasilitas                    square meters for public and social facilities
        umum dan sosial. Harga perolehan persediaan                        expenses. The acquisition cost of real estate
        real estat meliputi biaya perizinan, pembebasan                    inventories includes licensing fees, exemption
        (ganti rugi) tanah, pengurusan surat-surat tanah,                  (compensation) of land, administration of land
        pematangan tanah, prasarana, pengembangan                          title, development of land, infrastructure, projects
        dan pembangunan proyek, termasuk kapitalisasi                      development and construction, including the
        bunga         selama      pembangunan         dan                  capitalized interest during construction and
        pengembangan.                                                      development.

        Persediaan real estat yang berupa bangunan                         Real estate inventories in the form of apartment
        apartemen (strata title) dicatat berdasarkan biaya                 building (strata title) are stated at cost
        perolehan yang ditentukan dengan menggunakan                       determined using the average method and are
        metode rata-rata dan dinyatakan sebesar nilai                      stated at the lower of cost and estimated net
        yang lebih rendah antara biaya perolehan dan                       realizable value. Net realizable value is the
        estimasi nilai realisasi neto. Nilai realisasi neto                estimated sale value less development costs to
        merupakan estimasi nilai jual dikurangi biaya                      produce products ready for sale and the costs
        pengembangan untuk menghasilkan produk yang                        for realizing the sale. The difference between the
        siap dijual dan biaya untuk merealisasi penjualan.                 acquisition cost and estimated net realizable
        Selisih antara harga perolehan dengan estimasi                     value is recorded in the consolidated statements
        nilai realisasi neto dibukukan pada laporan laba                   of profit or loss and other comprehensive income
        rugi dan penghasilan komprehensif lain                             under "Cost of Revenues". Buildings in the
        konsolidasian dalam akun “Beban Pokok                              development process and buildings ready for
        Pendapatan”.       Bangunan       dalam     proses                 sale are classified as "Inventories" in the
        pengembangan dan bangunan yang siap untuk                          consolidated statements of financial position.
        dijual dikelompokkan sebagai “Persediaan” di
        dalam laporan posisi keuangan konsolidasian.




                                                              26
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Persediaan makanan, minuman, suku cadang,                       Inventories of food, beverage, spare parts, hotel
        perlengkapan dan barang dagangan hotel                          equipment and merchandise are stated at the
        dinyatakan sebesar nilai yang lebih rendah antara               lower of cost or net realizable value. Cost is
        biaya perolehan dan nilai realisasi neto. Biaya                 determined using the average method. Net
        perolehan ditentukan dengan menggunakan                         realizable value is determined based on the
        metode rata-rata. Nilai realisasi neto ditentukan               estimated fair selling price of the inventories less
        berdasarkan taksiran harga jual yang wajar                      the estimated costs to sell the inventories.
        setelah dikurangi taksiran biaya yang diperlukan
        untuk menjual persediaan tersebut.

        Penyisihan penurunan nilai persediaan dilakukan                 The allowances for decrease in inventories value
        untuk mengurangi nilai tercatat menjadi nilai                   is conducted to reduce the carrying value to their
        realisasi neto. Penyisihan persediaan usang atau                net realizable value. Allowances for obsolete or
        persediaan      yang     perputarannya   lambat,                slow-moving inventories are determined, if any,
        ditentukan, jika ada, berdasarkan penelaahan                    based on a review of the condition of each
        atas kondisi masing-masing persediaan pada                      inventory at the end of the year.
        akhir tahun.

     k. Tanah untuk Pengembangan                                      k. Land for Development

       Tanah untuk pengembangan dinyatakan sebesar                       Land for development is stated at the lower of
       nilai yang lebih rendah antara biaya perolehan dan                cost or net realizable value. The acquisition cost
       nilai realisasi bersih (the lower of cost or net                  of land for development, which includes, among
       realizable value). Biaya perolehan tanah untuk                    others,    acquisition    costs   (compensation),
       pengembangan, yang meliputi antara lain biaya                     administration of land deeds, and the
       pembebasan (ganti rugi), pengurusan surat-surat                   development of land. At the commencement of
       tanah dan pematangan tanah. Pada saat                             infrastructure development, the land value will be
       dimulainya pengembangan prasarana, nilai tanah                    reclassified to inventory as inventory in-progress
       tersebut akan direklasifikasi ke akun persediaan                  or fixed assets as construction in-progress.
       sebagai persediaan dalam pembangunan atau
       aset tetap sebagai proyek dalam penyelesaian.

     l. Investasi  pada   Entitas       Asosiasi     dan              l. Investments in       Associates      and     Joint
        Pengendalian Bersama                                             Arrangements

        Entitas asosiasi adalah entitas yang mana Grup                  An associate is an entity over which the Group
        memiliki pengaruh signifikan dan bukan                          has significant influence but is neither a
        merupakan entitas anak (Catatan 3b) maupun                      subsidiary (Note 3b) nor a participating interest
        bagian partisipasi dalam ventura bersama.                       in a joint venture. Direct or indirect ownership, of
        Pemilikan, secara langsung maupun tidak                         20% or more of the voting power of an investee,
        langsung, 20% atau lebih hak suara investee,                    is presumed to be the ownership of significant
        dianggap pemilikan pengaruh signifikan, kecuali                 influence, unless it can be clearly demonstrated
        dapat dibuktikan dengan jelas hal yang                          otherwise.
        sebaliknya.

        Ventura bersama adalah pengaturan bersama                       A joint venture is a joint arrangement whereby
        yang mengatur bahwa para pihak yang memiliki                    the parties that have joint control of the
        pengendalian bersama atas pengaturan memiliki                   arrangement have rights to the net assets of the
        hak atas aset neto pengaturan tersebut. Para                    arrangement. Those parties are called joint
        pihak tersebut disebut ventura bersama.                         venturers.

        Entitas dengan investasinya pada entitas asosiasi               An entity with investment in an associate or joint
        atau ventura bersama mencatat investasinya                      venture accounts for its investment using the
        dengan menggunakan metode ekuitas. Dalam                        equity method. Under the equity method,
        metode ekuitas, investasi pada entitas asosiasi                 investment in an associate or joint venture is
        atau ventura bersama pada awalnya diakui                        initially recognized at cost and the carrying
        sebesar biaya perolehan dan jumlah tercatat                     amount is increased or decreased to recognize
        tersebut ditambah atau dikurang untuk mengakui                  the investor's share of profit or loss of the
        bagian investor atas laba rugi investee setelah                 investee after the date of acquisition.
        tanggal perolehan.



                                                            27
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Selanjutnya, bagian Grup atas laba rugi entitas                   Subsequently, the Group’s share of the profit or
       asosiasi atau ventura bersama,            setelah                 loss of the associate or joint venture, after any
       penyesuaian yang diperlukan terhadap dampak                       necessary adjustments        for the effects of
       penyeragaman kebijakan akuntansi dan eliminasi                    uniformity of accounting policies and elimination
       laba atau rugi yang dihasilkan dari transaksi                     of profits or losses resulting from transactions
       antara Grup dan entitas asosiasi atau ventura                     between the Group and the associate or joint
       bersama, akan menambah atau mengurangi                            venture, increases or decreases the carrying
       jumlah tercatat investasi tersebut dan diakui                     amount of the investment and is recognized in
       sebagai laba rugi Grup. Penerimaan distribusi dari                the Group’s profit or loss. Distributions received
       entitas    asosiasi   atau   ventura     bersama                  from the associate or joint venture reduce the
       mengurangi       jumlah    tercatat     investasi.                carrying amount of the investment. Adjustments
       Penyesuaian terhadap jumlah tercatat tersebut                     to the carrying amount may also be necessary
       juga diperlukan jika terdapat perubahan dalam                     for changes in the Group’s proportionate interest
       proporsi bagian Grup atas entitas asosiasi atau                   of the associate or joint venture arising from
       ventura bersama yang timbul dari penghasilan                      changes in the associate’s or joint venture’s
       komprehensif lain dari entitas asosiasi atau                      other comprehensive income. The Group’s share
       ventura bersama. Bagian Grup atas perubahan                       of those changes is recognized in other
       tersebut diakui dalam penghasilan komprehensif                    comprehensive income of the Group.
       lain dari Grup.

       Goodwill yang terkait dengan akuisisi entitas                     Goodwill on acquisition of associate or joint
       asosiasi atau ventura bersama termasuk dalam                      venture is included in the carrying amount of the
       jumlah tercatat investasi. Goodwill tidak                         investment. Goodwill is no longer amortized but
       diamortisasi dan dilakukan uji penurunan nilai                    annually assessed for impairment.
       setiap tahun.

       Apabila nilai tercatat investasi telah mencapai                   Once an investment’s carrying value has been
       nilai nol, kerugian selanjutnya akan diakui hanya                 reduced to zero, further losses are taken up only
       jika    Grup     mempunyai      komitmen    untuk                 if the Group has committed to provide financial
       menyediakan bantuan pendanaan atau menjamin                       support to, or has guaranteed the obligations of
       kewajiban entitas asosiasi atau ventura bersama                   the associate or joint venture.
       yang bersangkutan.

       Jika investasi pada entitas asosiasi menjadi                      If an investment in an associate becomes an
       investasi pada ventura bersama atau sebaliknya,                   investment in a joint venture or vice versa, the
       maka entitas melanjutkan penerapan metode                         entity continues to apply the equity method and
       ekuitas dan tidak mengukur kembali kepentingan                    does not remeasure the retained interest.
       yang tersisa.

       Penghentian Penggunaan Metode Ekuitas                             Discontinuance of the Use of Equity Method

       Entitas menghentikan penggunaan metode                             An entity discontinues the use of the equity
       ekuitas sejak tanggal investasinya berhenti                        method from the date when its investment
       menjadi investasi pada entitas asosiasi atau                       ceases to be an investment in an associate or
       ventura bersama sebagai berikut:                                   joint control as follows:
       1. Jika investasi menjadi entitas anak, maka                      1.     If the investment becomes a subsidiary, then
            entitas mencatat investasinya sesuai dengan                         it accounts for the investment in accordance
            PSAK 103, “Kombinasi Bisnis” dan                                    with PSAK 103, “Business Combination” and
            PSAK        110,      “Laporan    Keuangan                          PSAK        110,    “Consolidated      Financial
            Konsolidasian”.                                                     Statements”.
       2. Jika sisa kepentingan dalam entitas asosiasi                   2.     If the retained interest in an associate or joint
            atau ventura bersama merupakan aset                                 venture is treated as a financial asset, the
            keuangan, maka entitas mengukur sisa                                entity measures the retained interest at fair
            kepentingan tersebut pada nilai wajar. Nilai                        value. The fair value of the retained interest
            wajar dari sisa kepentingan dianggap                                is regarded as its fair value on initial
            sebagai nilai wajar pada saat pengakuan                             recognition as a financial asset. An entity
            awal sebagai aset keuangan. Entitas                                 recognizes in profit or loss any difference
            mengakui dalam laba rugi selisih antara:                            between:
            i. nilai wajar sisa kepentingan dan hasil dari                      i. the fair value of any retained interest and
                pelepasan sebagian kepentingan pada                                 any proceeds from disposing of a part
                entitas asosiasi atau ventura bersama;                              interest in the associate or joint venture;
                dan                                                                 and


                                                             28
Page 346
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

             ii. jumlah tercatat investasi pada tanggal                        ii. the carrying amount of the investment at
                 penggunaan metode ekuitas dihentikan.                             the date the use of the equity method is
                                                                                   discontinued.
        3.   Ketika entitas menghentikan penggunaan                       3.    When an entity discontinues the use of the
             metode ekuitas, entitas mencatat seluruh                           equity method, it accounts the total amount
             jumlah yang sebelumnya telah diakui dalam                          previously       recognized     in     other
             penghasilan komprehensif lain yang terkait                         comprehensive income related to these
             dengan investasi tersebut menggunakan                              investments using the same basis of
             dasar perlakuan yang sama dengan yang                              treatment as would be if the investee had
             disyaratkan jika investee telah melepaskan                         directly disposed of the related assets and
             secara langsung aset dan liabilitas terkait.                       liabilities.

        Perubahan Bagian Kepemilikan                                       Changes in the Ownership Interests
        Jika bagian kepemilikan Grup pada entitas                          If the Group’s ownership interest in an associate
        asosiasi berkurang, namun investasi tersebut                       is reduced, but the investment continues to be
        tetap sebagai investasi pada entitas asosiasi,                     an associate, the Group reclassifies to profit or
        maka Grup mereklasifikasi ke dalam laba rugi                       loss only a proportionate amount of the gain or
        hanya suatu jumlah proporsional dari keuntungan                    loss     previously   recognized      in    other
        atau kerugian yang sebelumnya diakui dalam                         comprehensive income.
        penghasilan komprehensif lain.

        Operator bersama mengakui hal berikut terkait                     A joint operator recognizes the following in
        dengan kepentingannya dalam operasi bersama:                      relation to its interest in a joint operation:
        (a) aset, mencakup bagiannya atas setiap aset                      (a) its assets, including its share of any assets
            yang dimiliki bersama;                                              held jointly;
        (b) liabilitas, mencakup bagiannya atas liabilitas                 (b) its liabilities, including its share of any
            yang terjadi bersama;                                               liabilities incurred jointly;
        (c) pendapatan dari penjualan bagiannya atas                       (c) its revenue from the sale of its share of the
            output yang dihasilkan dari operasi bersama;                        output of the joint operation;
        (d) bagiannya atas pendapatan dari penjualan                       (d) its share of the revenue from the sale of the
            output oleh operasi bersama; dan                                    output by the joint operation; and
        (e) beban, mencakup bagiannya atas setiap                          (e) its expenses, including its share of any
            beban yang terjadi secara bersama-sama.                             expenses incurred jointly.

        Venturer bersama mengakui kepentingannya                           A joint venturer recognizes its interest in a joint
        dalam ventura bersama sebagai investasi dan                        venture as an investment and accounts for that
        mencatat      investasi     tersebut     dengan                    investment using the equity method, unless the
        menggunakan metode ekuitas, kecuali entitas                        entity is exempted from applying the equity
        dikecualikan dari penerapan metode ekuitas.                        method.

     m. Properti Investasi                                              m. Investment Properties

        Properti investasi dinyatakan sebesar biaya                       Investment properties are stated at cost
        perolehan termasuk biaya transaksi dikurangi                      including transaction cost less accumulated
        akumulasi penyusutan dan penurunan nilai, jika                    depreciation and impairment losses, if any,
        ada, kecuali tanah yang tidak disusutkan. Jumlah                  except for land which is not depreciated. The
        tercatat termasuk bagian biaya penggantian dari                   carrying amount includes the cost of replacing
        properti investasi yang ada pada saat terjadinya                  part of the investment properties, if the
        biaya, jika kriteria pengakuan terpenuhi, dan tidak               recognition criteria are met, and excludes the
        termasuk biaya harian penggunaan properti                         daily expenses on the investment properties
        investasi.                                                        usage.

        Properti investasi Grup terdiri dari tanah,                       Investment properties of the Group consist of
        bangunan dan prasarana yang dikuasai Grup                         land, buildings and infrastructures held by the
        untuk menghasilkan sewa atau untuk kenaikan                       Group to earn rentals or for capital appreciation
        nilai atau kedua-duanya, dan tidak untuk                          or both, rather than for use in the production or
        digunakan dalam produksi atau penyediaan                          supply of goods or services or for administrative
        barang atau jasa untuk tujuan administratif atau                  purposes or sale in the ordinary course of
        dijual dalam kegiatan usaha sehari-hari.                          business.



                                                              29
Page 347
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Penyusutan bangunan dan prasarana dihitung                      Depreciation of buildings and infrastructure are
        dengan menggunakan metode garis lurus selama                    computed using the straight-line method over the
        umur manfaat aset tetap antara 20 sampai                        useful life of the assets within 20 to 50 years.
        dengan 50 tahun.

        Properti investasi dihentikan pengakuannya pada                 Investment properties are derecognized either
        saat pelepasan atau ketika properti investasi                   when it has been disposed of or when the
        tersebut tidak digunakan lagi secara permanen                   investment property is permanently withdrawn
        dan tidak memiliki manfaat ekonomis di masa                     from use and no future benefit is expected from
        depan yang dapat diharapkan pada saat                           its disposal. Gains or losses arising from the
        pelepasannya. Laba atau rugi yang timbul dari                   retirement or disposal of investment properties
        penghentian atau pelepasan properti investasi                   are recognized in the consolidated statements of
        diakui dalam laporan laba rugi dan penghasilan                  profit or loss and other comprehensive income in
        komprehensif lain konsolidasian dalam tahun                     the year of retirement or disposal.
        terjadinya penghentian atau pelepasan tersebut.

     n. Aset Tetap                                                    n. Fixed Assets

        Aset tetap, kecuali tanah, dinyatakan sebesar                   Fixed assets, except land, are stated at cost less
        biaya perolehan setelah dikurangi akumulasi                     accumulated depreciation and impairment
        penyusutan dan rugi penurunan nilai. Biaya                      losses. Such cost includes the cost of replacing
        perolehan termasuk biaya penggantian bagian                     part of the fixed assets when the cost is incurred,
        aset tetap saat biaya tersebut terjadi, jika                    if the recognition criteria are met. Likewise, when
        memenuhi kriteria pengakuan. Selanjutnya, pada                  a major inspection is performed, its cost is
        saat inspeksi yang signifikan dilakukan, biaya                  recognized in the carrying amount of the assets
        inspeksi itu diakui ke dalam jumlah tercatat aset               as a replacement if the recognition criteria are
        tetap sebagai penggantian jika memenuhi kriteria                met. All other repair and maintenance costs that
        pengakuan. Semua biaya perbaikan dan                            do not meet the recognition criteria are
        pemeliharaan yang tidak memenuhi kriteria                       recognized in the consolidated statement of
        pengakuan diakui dalam laporan laba rugi dan                    profit or loss and other comprehensive income
        penghasilan komprehensif lain konsolidasian                     as incurred.
        pada saat terjadinya.

        Tanah dinyatakan berdasarkan harga perolehan                    Land is stated at cost and not depreciated. The
        dan tidak disusutkan. Biaya pengurusan legal hak                cost of obtaining legal land rights in the form of
        atas tanah dalam bentuk Hak Guna Usaha                          Cultivation Rights Title (HGU), Building Rights
        (HGU), Hak Guna Bangunan (HGB) dan Hak                          Title (HGB) and the Right of Use (HP) are issued
        Pakai (HP) yang dikeluarkan pada saat tanah                     when the acquired land was first recognized as
        diperoleh pertama kali diakui sebagai bagian dari               part of the cost of land and is not amortized.
        biaya perolehan tanah dan tidak diamortisasi.                   Meanwhile, costs incurred in connection with the
        Sementara itu, biaya yang terjadi sehubungan                    extension or renewal of the rights mentioned
        dengan perpanjangan atau pembaharuan hak-hak                    above are recognized as intangible assets and
        tersebut di atas diakui sebagai aset takberwujud                amortized over the legal term or economic life of
        dan diamortisasi sepanjang umur hukum hak atau                  the land, whichever is shorter.
        umur ekonomi tanah, mana yang lebih pendek.

        Penyusutan dihitung dengan menggunakan                          Depreciation is computed using the straight-line
        metode garis lurus berdasarkan taksiran masa                    method over the estimated useful life of the
        manfaat ekonomis aset tetap, sebagai berikut:                   assets, as follows:

                                                        Tahun /
                                                         Years
        Bangunan dan prasarana                         10 - 50                               Buildings and improvements
        Mesin dan peralatan                             4 - 15                                  Machinery and equipment
        Perabotan dan perlengkapan kantor               3 - 10                    Office furniture, fixtures and equipment
        Kendaraan bermotor                              3 - 5                                                Motor vehicles




                                                            30
Page 348
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Biaya konstruksi aset tetap dikapitalisasi sebagai                 The costs of the construction of fixed assets are
        aset dalam penyelesaian. Penyusutan aset                           capitalized    as   construction      in-progress.
        dimulai pada saat aset tersebut siap untuk                         Depreciation of an asset begins when it is
        digunakan, yaitu pada saat aset tersebut berada                    available for use, such as when it is in the
        pada lokasi dan kondisi yang diinginkan agar aset                  location and condition necessary for it to be
        siap digunakan sesuai dengan keinginan dan                         capable of operating in the manner intended by
        maksud     manajemen.      Aset    tetap     dalam                 management. Construction in-progress is stated
        penyelesaian     dinyatakan     sebesar       biaya                at cost.
        perolehan.

        Biaya-biaya yang dikeluarkan untuk membangun                       Costs incurred to construct buildings on land
        gedung di atas tanah milik pihak ketiga, di mana                   owned by third parties, where the Group has the
        Grup memiliki hak atas pengelolaan bangunan-                       right to operate such buildings over a period of
        bangunan tersebut selama jangka waktu 20                           20 to 30 years, are capitalized to the cost of
        sampai dengan 30 tahun, dikapitalisasi ke dalam                    buildings.
        biaya perolehan bangunan.

        Jumlah      tercatat   aset   tetap   dihentikan                   The carrying amount of fixed assets is
        pengakuannya pada saat dilepaskan atau saat                        derecognized upon disposal or when no future
        tidak ada manfaat ekonomis masa depan yang                         economic benefits are expected from its use.
        diharapkan dari penggunaannya. Laba atau rugi                      Any gain or loss arising on derecognition of the
        yang timbul dari penghentian pengakuan aset                        assets is recognized in the consolidated profit or
        diakui dalam laporan laba rugi dan penghasilan                     loss and other comprehensive income in the year
        komprehensif lain konsolidasian pada tahun aset                    the assets are derecognized.
        tersebut dihentikan pengakuannya.

        Nilai residu, estimasi masa manfaat dan metode                     The residual values, estimated useful lives and
        penyusutan aset tetap direviu dan, bila diperlukan,                methods of depreciation of fixed assets are
        disesuaikan secara prospektif pada setiap akhir                    reviewed,    and,    if    necessary,     adjusted
        tahun buku.                                                        prospectively at each financial year end.

     o. Penurunan Nilai Aset Nonkeuangan                                o. Impairment of Non-Financial Assets

        Pada setiap akhir tahun pelaporan, Grup menilai                    The Group assesses at the end of each reporting
        apakah terdapat indikasi suatu aset mengalami                      year whether there is any indication that an asset
        penurunan nilai. Jika terdapat indikasi tersebut                   may be impaired. If such indication exists, or
        atau pada saat pengujian penurunan nilai aset                      when annual impairment testing for an asset is
        diperlukan, maka Grup membuat estimasi jumlah                      required, the Group makes an estimate of the
        terpulihkan aset tersebut.                                         asset’s recoverable amount.

        Rugi penurunan nilai diakui sebagai rugi tahun                     Impairment losses are recognized in the current
        berjalan, kecuali untuk aset nonkeuangan yang                      year’s profit or loss, unless non-financial assets
        dicatat dengan nilai penilaian kembali.                            carried at revalued amounts.

        Rugi penurunan nilai akan jika terdapat                            An impairment loss is reversed if there has been
        perubahan dalam taksiran yang digunakan untuk                      a change in the estimates used to determine the
        menentukan nilai aset nonkeuangan yang dapat                       recoverable amount of a non-financial assets
        dipulihkan (recoverable amount) dipulihkan selain                  other than goodwill. An impairment loss is only
        goodwill. Rugi penurunan nilai hanya akan                          reversed to the extent that the non-financial
        dipulihkan sampai sebatas nilai tercatat aset                      asset’s carrying amount does not exceed the
        nonkeuangan      tidak     boleh     melebihi nilai                recoverable amount, nor exceed the carrying
        terpulihkannya maupun nilai tercatat yang                          amount that would have been determined, net of
        seharusnya diakui, setelah dikurangi depresiasi                    depreciation or amortization, if no impairment
        atau amortisasi, jika tidak ada pengakuan rugi                     loss of non-financial assets has been
        penurunan nilai aset nonkeuangan. Pembalikan                       recognized. Reversal of an impairment loss is
        rugi penurunan nilai diakui dalam laporan laba                     recognized in the consolidated statement of profit
        rugi    dan    penghasilan     komprehensif   lain                 or loss and other comprehensive income.
        konsolidasian. Kerugian penurunan nilai yang                       Impairment losses relating to goodwill are not
        diakui atas goodwill tidak dibalik lagi.                           reversed.


                                                              31
Page 349
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     p. Sewa                                                            p. Leases

       Pada tanggal permulaan kontrak, Grup menilai                       At the inception of a contract, the Group
       apakah kontrak merupakan, atau mengandung                          assesses whether a contract is, or contains a
       sewa.    Suatu     kontrak    merupakan,   atau                    lease. A contract is, or contains, a lease if the
       mengandung sewa jika kontrak tersebut                              contract conveys the right to control the use of an
       memberikan       hak     untuk    mengendalikan                    asset for a period of time in exchange for a
       penggunaan aset selama jangka waktu tertentu                       consideration.
       untuk dipertukarkan dengan imbalan.

       Grup sebagai Penyewa                                               The Group as a Lessee

       Grup menyewa aset tetap tertentu dengan                            The Group leases certain fixed assets by
       mengakui aset hak guna dan liabilitas sewa. Aset                   recognizing the right-of-use asset and lease
       hak guna diakui sebesar biaya perolehan,                           liabilities. The right-of-use assets are stated at
       dikurangi dengan akumulasi penyusutan dan                          cost, less accumulated depreciation and
       penurunan nilai. Aset hak guna disusutkan selama                   impairment. Right-of-use assets are depreciated
       jangka waktu yang lebih pendek antara umur                         over the shorter of the useful life of the assets or
       manfaat aset hak guna atau masa sewa.                              the lease term.

       Liabilitas sewa diukur pada nilai kini pembayaran                  Lease liabilities are measured at the present
       sewa yang belum dibayar. Setiap pembayaran                         value of the lease payments that are not yet paid.
       sewa dialokasikan antara porsi pelunasan liabilitas                Each lease payment is allocated between the
       dan biaya keuangan. Liabilitas sewa disajikan                      liability portion and finance cost. Lease liabilities
       sebagai liabilitas jangka panjang kecuali untuk                    are classified as long-term liabilities except for
       bagian yang jatuh tempo dalam waktu dua belas                      those with maturities of twelve (12) months or
       (12) bulan atau kurang yang disajikan sebagai                      less which are included in current liabilities. The
       liabilitas jangka pendek. Unsur bunga dalam biaya                  interest element of the finance cost is charged to
       keuangan dibebankan ke laba rugi selama masa                       profit or loss over the lease period so as to
       sewa yang menghasilkan tingkat suku bunga                          produce a constant rate of interest on the
       konstan atas saldo liabilitas.                                     remaining balance of the liability.

       Grup tidak mengakui aset hak guna dan liabilitas                   The Group does not recognize right-of-use
       sewa untuk:                                                        assets and lease liabilities for:
       (a) sewa jangka-pendek yang memiliki masa                          (a) short-term leases that have a lease term of
           sewa dua belas (12) bulan atau kurang; atau                        twelve (12) months or less; or
       (b) sewa yang asetnya bernilai rendah.                             (b) leases with low-value assets. Payments
           Pembayaran yang dilakukan untuk sewa                               made under those leases are charged to
           tersebut dibebankan ke laba rugi dengan                            profit or loss on a straight line basis over the
           dasar garis lurus selama masa sewa.                                period of the lease.

       Grup sebagai Pesewa                                                The Group as a Lessor

       Apabila Grup memiliki aset yang disewakan                          When the Group has assets that are leased
       melalui sewa pembiayaan, nilai kini pembayaran                     under finance leases, the present value of the
       sewa diakui sebagai piutang. Selisih antara nilai                  lease payments is recognized as a receivable.
       piutang bruto dan nilai kini piutang tersebut diakui               The difference between the gross receivable and
       sebagai     penghasilan       sewa      pembiayaan                 the present value of the receivable is recognized
       tangguhan. Penghasilan sewa diakui selama                          as unearned finance lease income. Lease
       masa sewa dengan menggunakan metode                                income is recognized over the term of the lease
       investasi neto yang mencerminkan suatu tingkat                     using the net investment method, which reflects a
       pengembalian periodik yang konstan.                                constant periodic rate of return.

       Apabila aset disewakan melalui sewa operasi,                       When assets are leased under an operating
       aset disajikan di laporan posisi keuangan sesuai                   lease, the assets are presented in the statement
       sifat aset tersebut. Penghasilan sewa diakui                       of financial position based on the nature of the
       sebagai pendapatan dengan dasar garis lurus                        assets. Lease income is recognized over the
       selama masa sewa.                                                  term of the lease on a straight line basis.




                                                              32
Page 350
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

     q. Beban Emisi Saham                                            q. Stock Issuance Cost

       Seluruh beban yang terjadi sehubungan dengan                     All expenses related to the Company's stock
       penawaran     saham      Perusahaan   kepada                     issuance to the public are recorded as a
       masyarakat dicatat sebagai pengurang akun                        reduction of the “Additional Paid-in Capital - Net”
       “Tambahan Modal Disetor - Neto” yang                             account which is part of the equity section in the
       merupakan komponen ekuitas di dalam laporan                      consolidated statement of financial position.
       posisi keuangan konsolidasian.

     r. Pengakuan Pendapatan dan Beban                               r. Revenue and Expense Recognition

       Pendapatan                                                       Revenues

       Pengakuan pendapatan harus memenuhi lima (5)                     Revenue recognition has to fulfill five (5) steps
       langkah sebagai berikut:                                         as follows:
       (a) Mengidentifikasi kontrak dengan pelanggan.                   (a) Identify the contract with a customer.
       (b) Mengidentifikasi    kewajiban    pelaksanaan                 (b) Identify the performance obligations in the
           dalam kontrak.                                                   contract.
       (c) Menetapkan harga transaksi.                                  (c) Determine the transaction price.
       (d) Mengalokasikan harga transaksi ke setiap                     (d) Allocate the transaction price to each
           kewajiban pelaksanaan.                                           performance obligation.
       (e) Mengakui pendapatan ketika kewajiban                         (e) Recognize revenue when performance
           pelaksanaan      telah    dipenuhi    dengan                     obligation is satisfied by transferring
           menyerahkan barang atau jasa yang dijanjikan                     promised goods or services to a customer,
           ke pelanggan yaitu ketika pelanggan telah                        when the customer obtains control of that
           memiliki kendali atas barang atau jasa                           goods or services.
           tersebut.

       Grup bergerak dalam bisnis penjualan bangunan                    The Group is engaged in the business of selling
       rumah, bangunan komersial dan bangunan                           residential buildings, commercial buildings and
       lainnya beserta kavling tanahnya, dll. Pendapatan                other properties including land plots, etc.
       dari kontrak dengan panggilan dengan pelanggan                   Revenue from on-call contracts with customers
       diakui pada saat pengendalian barang atau jasa                   is recognized when control of the goods or
       dialihkan kepada pelanggan dalam jumlah yang                     services are transferred to the customer at an
       mencerminkan imbalan yang diharapkan akan                        amount that reflects the consideration to which
       menjadi hak Grup dalam pertukaran barang atau                    the Group expects to be entitled in exchange for
       jasa tersebut. Grup secara umum menyimpulkan                     those goods or services. The Group has
       bahwa hal tersebut adalah yang utama dalam                       generally concluded that it is the principal in its
       pengaturan pendapatannya.                                        revenue arrangements.

       Pendapatan dari kontrak dengan pelanggan diakui                  Revenue from contracts with customers is
       pada saat kepemilikan aset dialihkan kepada                      recognized at the point in time when control of
       pelanggan, umumnya pada saat penyerahan aset                     the assets is transferred to the customer,
       kepada pelanggan. Uang muka yang diperoleh                       generally on delivery of the assets. Down
       dari pelanggan sebagai “Liabilitas Kontrak”                      payment from customers as “Contract Liabilities”
       disajikan sebagai bagian dari akun “Uang Muka                    is presented as part of “Advances From
       Pelanggan” pada laporan posisi keuangan                          Customers” in the consolidated statements of
       konsolidasian.                                                   financial position.

       Pendapatan dari penjualan barang diakui bila                     Revenue from sales of goods is recognized
       kewajiban pelaksanaan dipenuhi oleh Grup.                        when the performance obligation is satisfied by
       Pendapatan diukur pada harga transaksi, yaitu                    the Group. Revenue is measured at the
       jumlah imbalan yang diperkirakan menjadi hak                     transaction price, which is the amount of
       Grup.                                                            consideration to which the Group is estimated to
                                                                        be entitled.




                                                           33
Page 351
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pendapatan kamar hotel diakui berdasarkan                         Hotel room revenues are recognized based on
       tingkat hunian, sementara pendapatan hotel                        actual room occupancy, while other hotel
       lainnya diakui pada saat barang atau jasa telah                   revenues are recognized when goods or
       diberikan kepada tamu hotel. Pendapatan dari                      services have been provided to hotel guests.
       penjualan tiket diakui pada saat tiket yang dibeli                Sales of entrance tickets are recognized when
       oleh pengunjung digunakan. Pendapatan dari jasa                   tickets purchased by visitors are used. Service
       pelayanan, penjualan makanan dan minuman dan                      revenues and sales of food and beverage are
       jasa pelayanan diakui pada saat barang atau jasa                  recognized when the goods are delivered or
       diberikan.                                                        when the services have been rendered.

       Pendapatan sewa diakui sebagai pendapatan                         Rent revenue is recognized as income over the
       sesuai masa sewa. Sewa yang diterima dimuka                       lease term. Rentals received in advance are
       disajikan sebagai bagian dari “Pendapatan                         presented as part of “Deferred Income”.
       Ditangguhkan”.

       Pendapatan dari iuran keanggotaan klub diakui                     Revenue from club membership fees is
       sesuai dengan periode keanggotaan.                                recognized based on the membership period.

       Beban pokok penjualan tanah meliputi harga                        Cost of land sold includes the acquisition cost of
       perolehan    tanah   ditambah    pengeluaran-                     the land plus other expenses for land
       pengeluaran lain untuk pengembangan tanah.                        development. Cost of residential houses sales
       Beban pokok penjualan rumah tinggal meliputi                      cover land and all the expenses of construction
       tanah dan seluruh beban pembangunan rumah                         of residential houses until they are ready for
       tinggal sampai siap ditempati atau digunakan.                     occupancy or use. Cost of sales of
       Beban pokok penjualan kondominium, apartemen                      condominiums, apartments and office space
       dan perkantoran yang berhubungan dengan                           relating to revenue using the percentage of
       pendapatan     yang   menggunakan     metode                      completion method is recognized based on the
       persentase penyelesaian diakui sesuai dengan                      percentage of completion at the end of each
       tingkat persentase penyelesaian setiap akhir                      year.
       tahun.

       Beban                                                             Expenses

       Beban diakui pada saat terjadinya (accrual basis).                Expenses are recognized when incurred (accrual
                                                                         basis).

     s. Pajak Penghasilan                                             s. Income Tax

       Beban pajak terdiri dari pajak kini dan tangguhan.                Income tax expense comprises current and
       Beban pajak diakui dalam laporan laba rugi dan                    deferred tax. Income tax expense is recognized
       penghasilan komprehensif lain konsolidasian                       in the consolidated statement of profit or loss and
       kecuali untuk transaksi yang berhubungan dengan                   other comprehensive income except for
       transaksi diakui langsung dalam ekuitas, dalam                    transactions related to transactions recognized
       hal ini diakui sebagai penghasilan komprehensif                   directly in equity, in which case it is recognized in
       lain.                                                             other comprehensive income.

       Pajak kini                                                        Current income tax

       Beban pajak kini dihitung dengan menggunakan                      Current tax expense is calculated using tax rates
       tarif pajak yang berlaku pada tanggal pelaporan                   enacted at the financial reporting date, and is
       keuangan, dan ditetapkan berdasarkan taksiran                     provided based on the estimated taxable profit
       laba kena pajak tahun berjalan. Manajemen                         for the year. Management periodically evaluates
       secara periodik mengevaluasi posisi yang                          the positions reported in the annual tax returns
       dilaporkan di Surat Pemberitahuan Tahunan                         with respect to situations where applicable tax
       (SPT) sehubungan dengan situasi di mana aturan                    regulations are subject to interpretation. If
       pajak yang berlaku membutuhkan interpretasi.                      necessary, management establishes provision
       Jika perlu, manajemen menentukan provisi                          where appropriate on the basis of amounts
       berdasarkan jumlah yang diharapkan akan dibayar                   expected to be paid to the tax authorities.
       kepada otoritas pajak.




                                                            34
Page 352
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                         3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Aset pajak kini dan liabilitas pajak kini dilakukan                   Current tax assets and current tax liabilities are
       saling hapus jika, dan hanya jika, entitas memiliki                   offset if, and only if, the entity has a legally
       hak yang dapat dipaksakan secara hukum untuk                          enforceable right to set off the recognized
       melakukan saling hapus jumlah yang diakui; dan                        amounts; and intends either to settle on a net
       memiliki intensi untuk menyelesaikan dengan                           basis, or to realize the asset and settle the
       dasar neto, atau merealisasikan aset dan                              liability simultaneously.
       menyelesaikan liabilitas secara bersamaan.

       Pajak tangguhan                                                       Deferred tax

       Aset dan liabilitas pajak tangguhan diakui atas                       Deferred tax assets and liabilities are recognized
       perbedaan temporer antara aset dan liabilitas                         for temporary differences between the financial
       untuk tujuan komersial dan tujuan perpajakan                          and tax bases of assets and liabilities at each
       setiap tanggal pelaporan. Aset pajak tangguhan                        reporting date. Deferred tax assets are
       diakui untuk seluruh perbedaan temporer yang                          recognized for all deductible temporary
       boleh dikurangkan sepanjang besar kemungkinan                         differences to the extent that it is probable that
       perbedaan temporer yang boleh dikurangkan                             sufficient future taxable profit will be available
       tersebut dapat dimanfaatkan untuk mengurangi                          against which the deductible temporary
       laba kena pajak pada masa yang akan datang.                           difference can be utilized. Future tax benefits,
       Manfaat pajak di masa mendatang, seperti saldo                        such as the carryforward of unused tax losses,
       rugi fiskal yang belum digunakan, diakui sejauh                       are also recognized to the extent that realization
       besar kemungkinan realisasi atas manfaat pajak                        of such benefits is probable.
       tersebut.

       Aset dan liabilitas pajak tangguhan diukur pada                       Deferred tax assets and liabilities are measured
       tarif pajak yang diharapkan akan digunakan pada                       at the tax rates that are expected to apply to the
       periode ketika aset direalisasi atau ketika liabilitas                period when the asset is realized or the liability is
       dilunasi berdasarkan tarif pajak (dan peraturan                       settled, based on tax rates (and tax laws) that
       perpajakan) yang berlaku atau secara substansial                      have been enacted or substantively enacted at
       telah diberlakukan pada akhir periode pelaporan.                      the end of the reporting period.

       Aset pajak tangguhan dan liabilitas pajak                             Deferred tax assets and deferred tax liabilities
       tangguhan dilakukan saling hapus jika, dan hanya                      are offset if, and only if, the entity has a legally
       jika, entitas memiliki hak secara hukum untuk                         enforceable right to set off current tax assets
       saling hapus aset pajak kini terhadap liabilitas                      against current tax liabilities, and the deferred tax
       pajak kini, dan aset pajak tangguhan dan liabilitas                   assets and the deferred tax liabilities relate to
       pajak tangguhan terkait dengan pajak penghasilan                      income taxes levied by the same taxation
       yang dikenakan oleh otoritas perpajakan atas                          authority on either the same taxable entity, or
       entitas kena pajak, yang sama atau entitas kena                       different taxable entities which intend either to
       pajak berbeda yang bermaksud untuk memulihkan                         settle current tax liabilities and assets on a net
       aset dan liabilitas pajak kini dengan dasar neto,                     basis, or to realize the assets and settle the
       atau merealisasikan aset dan menyelesaikan                            liabilities simultaneously, in each future period in
       liabilitas secara bersamaan, pada setiap periode                      which significant amounts of deferred tax
       masa depan yang mana jumlah signifikan atas                           liabilities or assets are expected to be settled or
       aset atau liabilitas pajak tangguhan diharapkan                       recovered.
       diselesaikan atau dipulihkan.

       Perubahan terhadap kewajiban perpajakan diakui                        Amendments to tax obligations are recorded
       pada saat penetapan pajak diterima dan/atau, jika                     when an assessment is received and/or, if
       Grup mengajukan keberatan dan/atau banding,                           objected to and/or appealed against by the
       pada saat keputusan atas keberatan dan/atau                           Group, when the result of the objection and/or
       banding telah ditetapkan.                                             appeal is determined.

       Pajak penghasilan final                                               Final income tax

       Peraturan perpajakan di Indonesia mengatur                            Indonesian tax laws regulate several types of
       beberapa jenis penghasilan dikenakan pajak final.                     income subject to final tax. Final income tax is
       Pajak penghasilan final dikenakan atas nilai bruto                    imposed on gross transaction value and will still
       transaksi dan akan tetap dikenakan walaupun                           be imposed even if the result of the transaction
       hasil     pelaksanaan       transaksi    tersebut                     causes a loss.
       menyebabkan kerugian.



                                                                35
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Mengacu pada PSAK 212, pajak penghasilan final                     In accordance with PSAK 212, the final income
        tidak termasuk dalam lingkup yang diatur oleh                      tax is not included in the scope set by PSAK 212.
        PSAK 212. Oleh karena itu, Grup memutuskan                         Therefore, the Group decides to present the final
        untuk menyajikan pajak penghasilan final                           income tax regarding real estate sales in “Final
        sehubungan dengan pendapatan dari penjualan                        income tax expenses” accounts in the
        real estat pada akun “Beban pajak penghasilan                      consolidated statement of profit or loss and other
        final” pada laporan laba rugi dan penghasilan                      comprehensive income.
        komprehensif lain konsolidasian.

        Perbedaan nilai tercatat aset atau liabilitas yang                 Differences in the carrying amount of assets or
        berhubungan dengan pajak penghasilan final tidak                   liabilities regarding final income tax is not
        diakui sebagai aset atau liabilitas pajak                          recognized as deferred tax assets or liabilities.
        tangguhan. Beban pajak penghasilan tahun                           Current year income tax expense relating to
        berjalan sehubungan dengan penghasilan yang                        revenue subject to final income tax is recognized
        dikenakan pajak penghasilan final diakui secara                    proportionally to total recognized revenue on
        proporsional dengan total pendapatan yang diakui                   current year for accounting purposes.
        pada tahun berjalan untuk tujuan akuntansi.

        Selisih antara jumlah pajak penghasilan final yang                 Differences in total final income tax paid and
        telah dibayar dengan jumlah yang diakui sebagai                    amount recognized as final income tax expense
        beban pajak penghasilan final pada laporan laba                    in the consolidated statement of profit or loss and
        rugi    dan    penghasilan    komprehensif     lain                other comprehensive income will be recognized
        konsolidasian diakui sebagai pajak dibayar dimuka                  as prepaid tax or tax payable.
        atau utang pajak.

     t. Selisih Nilai Transaksi Restrukturisasi dengan                  t. Difference in Value of Restructuring
        Entitas Sepengendali                                               Transactions with Entities under Common
                                                                           Control

        Transaksi kombinasi bisnis entitas sepengendali,                   Business combination transactions of entities
        berupa pengalihan bisnis yang dilakukan dalam                      under common control, such as transfers of
        rangka reorganisasi entitas-entitas yang berada di                 businesses conducted within the framework of
        dalam suatu Grup yang sama, bukan merupakan                        the reorganization of the entities that are in the
        perubahan kepemilikan dalam arti substansi                         same Group, is not a change of ownership in
        ekonomi, sehingga transaksi tersebut tidak                         terms of economic substance, so that the
        menimbulkan laba atau rugi bagi Grup secara                        transaction does not result in a gain or loss for
        keseluruhan ataupun bagi entitas individu dalam                    the Group as a whole or for individual entities
        Grup tersebut.                                                     within the Group.

        Karena transaksi kombinasi bisnis entitas                          Since the business combination transaction of
        sepengendali tidak menyebabkan perubahan                           entities under common control does not result in
        substansi ekonomi kepemilikan atas bisnis yang                     a change of ownership in terms of the economic
        dipertukarkan, maka transaksi tersebut diakui                      substance of the businesses which are
        pada jumlah tercatat berdasarkan metode                            exchanged, the transaction is recognized in the
        penyatuan kepemilikan.                                             carrying amount based on the pooling of interest
                                                                           method.

        Dalam      menerapkan       metode       penyatuan                 In applying the pooling-of-interest method, the
        kepemilikan, unsur-unsur laporan keuangan dari                     components of the financial statements for the
        entitas yang bergabung, untuk tahun terjadinya                     year during which the restructuring occurred and
        kombinasi bisnis entitas sepengendali dan untuk                    for other years presented for comparison
        tahun komparatif sajian, disajikan sedemikian rupa                 purposes are presented in such a manner as if
        seolah-olah penggabungan tersebut telah terjadi                    the restructuring has already happened since the
        sejak awal tahun entitas yang bergabung berada                     beginning of the entity was under common
        dalam sepengendalian. Jumlah tercatat dari                         control. The carrying values of the elements of
        unsur-unsur     laporan      keuangan      tersebut                those statements are the carrying amount of the
        merupakan jumlah tercatat dari entitas yang                        joining entity in a business combination under
        bergabung dalam kombinasi bisnis entitas                           common control. The difference between the
        sepengendali. Selisih antara imbalan yang                          consideration transferred and the carrying
        dialihkan dan jumlah tercatat dari setiap transaksi                amount of each business combination under
        kombinasi bisnis entitas sepengendali disajikan di                 common control transaction is presented in
        ekuitas dalam pos tambahan modal disetor.                          equity under additional paid-in capital.


                                                              36
Page 354
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     u. Imbalan Kerja                                                   u. Employee Benefits

       Imbalan Kerja Jangka Pendek                                         Short-term Employee Benefits

       Imbalan kerja jangka pendek merupakan                               Short-term     employee  benefits  represent
       kompensasi yang diberikan oleh Grup seperti gaji,                   compensation provided by the Group such as
       tunjangan dan bonus, yang diakui pada saat                          salaries, allowances and bonuses paid, which
       terutang kepada karyawan.                                           are recognized when they accrue to the
                                                                           employees.

       Imbalan Pascakerja                                                  Post-employment Benefits

       Grup menentukan liabilitas imbalan pascakerja                       The Group determines its post-employment
       sesuai dengan Peraturan Pemerintah Nomor 35                         benefits liability based       on Government
       Tahun 2021 (PP 35/2021) yang melaksanakan                           Regulation Number 35 Year 2021 (PP 35/2021)
       ketentuan Pasal 81 dan Pasal 185(b) Undang-                         which implements the provisions of Article 81
       Undang No. 11/2020 mengenai Cipta Kerja.                            and        Article      185(b)       of       Law
       PSAK 219, “Imbalan Kerja”, mensyaratkan entitas                     No. 11/2020 concerning Job Creation (Cipta
       menggunakan metode “Projected Unit Credit”                          Kerja). PSAK 219, “Employee Benefits”, requires
       untuk menentukan nilai kini kewajiban imbalan                       the present value of the defined benefit
       pasti, biaya jasa kini terkait, dan biaya jasa lalu.                obligation, the related current service cost, and
                                                                           past service cost to be determined using the
                                                                           “Projected Unit Credit” method.

       Ketika entitas memiliki surplus dalam program                       When an entity has a surplus in a defined benefit
       imbalan pasti, maka entitas mengukur aset                           plan, it measures the defined benefit asset at the
       imbalan pasti pada jumlah yang lebih rendah                         lower amount between the surplus of the defined
       antara surplus program imbalan pasti dan batas                      benefit plan and the upper limit on assets
       atas aset yang ditentukan dengan menggunakan                        determined using a discount rate.
       tingkat diskonto.

       Entitas mengakui komponen biaya imbalan pasti,                      An entity recognizes the components of defined
       kecuali SAK mensyaratkan atau mengizinkan                           benefit cost, except SAK requires or permits
       biaya tersebut sebagai biaya perolehan aset,                        such costs as the acquisition cost of the asset,
       sebagai berikut:                                                    as follows:

       (a) biaya jasa dalam laba rugi;                                     (a) service cost in profit or loss;
       (b) bunga neto atas liabilitas (aset) imbalan pasti                 (b) net interest on net liability (asset) of defined
           neto dalam laba rugi; dan                                           benefit in profit or loss; and
       (c) pengukuran kembali liabilitas (aset) imbalan                    (c) any change in the effect of the asset ceiling,
           pasti neto dalam penghasilan komprehensif                           excluding amounts included in net interest on
           lain.                                                               the net defined benefit liability (asset).

       Pengukuran kembali atas liabilitas (aset) imbalan                   Remeasurement on net liability (asset) of defined
       pasti neto yang diakui dalam penghasilan                            benefit recognized in other comprehensive
       komprehensif lain tidak direklasifikasi ke laba rugi                income is not reclassified to profit or loss in
       pada periode berikutnya. Akan tetapi, entitas                       subsequent periods. However, the entity may
       dapat mengalihkan jumlah yang diakui sebagai                        transfer the amounts recognized as other
       penghasilan komprehensif lain tersebut pada pos                     comprehensive income in another account in
       lain dalam ekuitas.                                                 equity.

       (a) keuntungan dan kerugian aktuarial;                              (a) actuarial gains and losses;
       (b) imbal hasil atas aset program, tidak termasuk                   (b) return on plan assets, excluding amounts
           jumlah yang dimasukkan dalam bunga neto                             included in net interest on the net defined
           atas liabilitas (aset) imbalan pasti neto; dan                      benefit liability (asset); and
       (c) setiap perubahan dampak batas atas aset,                        (c) any change in the effect of the asset ceiling,
           tidak termasuk jumlah yang dimasukkan dalam                         excluding amounts included in net interest on
           bunga neto atas liabilitas (aset) imbalan pasti                     the net defined benefit liability (asset).
           neto.


                                                              37
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Entitas mengakui biaya jasa lalu sebagai beban                      The entity recognizes past service cost as an
       pada tanggal yang lebih awal antara ketika                          expense at the earliest of when the amendments
       amendemen atau kurtailmen program terjadi dan                       or curtailment of program occurs and when the
       ketika entitas mengakui biaya restrukturisasi                       entity recognizes related restructuring costs or
       terkait atau pesangon.                                              severances.

       Grup mengakui keuntungan atau kerugian atas                         The Group recognizes gains or losses on the
       penyelesaian program imbalan pasti pada saat                        curtailment or settlement of a defined benefit
       kurtailmen atau penyelesaian terjadi. Kurtailmen                    plan when such occur. A curtailment occurs
       terjadi ketika entitas mengurangi secara signifikan                 when an entity makes a material reduction in the
       jumlah pekerja yang ditanggung oleh program,                        number of employees covered by a plan, or
       atau mengubah ketentuan program imbalan pasti                       amends the terms of a defined benefit plan so
       sehingga unsur yang signifikan dari jasa masa                       that a significant element of future service by
       depan karyawan saat ini tidak lagi memenuhi                         current employees will no longer qualify for
       syarat atas imbalan, atau akan memenuhi syarat                      benefits, or will qualify only for reduced benefits.
       hanya untuk imbalan yang dikurangi.

       Kurtailmen dapat terjadi karena suatu peristiwa                     A curtailment may arise from an isolated event,
       yang berdiri sendiri, seperti penutupan pabrik,                     such as the closing of a plant, discontinuance of
       penghentian operasi, atau terminasi atau                            an operation or termination or suspension of a
       penghentian program. Sebelum menentukan biaya                       plan. Before determining the past service cost, or
       jasa lalu, atau keuntungan dan kerugian atas                        gains and losses on the settlement, the Group
       penyelesaian, Grup mengukur kembali liabilitas                      shall remeasure the net liability (asset) of defined
       (aset) imbalan pasti neto menggunakan nilai wajar                   benefit using current fair value of plan assets and
       kini dari aset program dan asumsi aktuarial kini                    current actuarial assumptions (including current
       (termasuk suku bunga pasar dan harga pasar kini                     market interest rates and other current market
       yang lain) yang mencerminkan imbalan yang                           prices) that reflects the rewards offered in the
       ditawarkan dalam program sebelum amendemen,                         program prior to the amendment, curtailment or
       kurtailmen, atau penyelesaian program.                              settlement program.

       Bunga neto dihitung dengan menggunakan tingkat                      Net interest is calculated by applying the
       diskonto terhadap liabilitas atau aset imbalan pasti                discount rate to the net defined benefit liability or
       neto. Biaya jasa terdiri dari biaya jasa kini dan                   asset. Service costs comprise current service
       biaya jasa lalu, keuntungan dan kerugian                            costs and past service costs, gains and losses
       kurtailmen dan penyelesaian tidak rutin, jika ada.                  on curtailments and non-routine settlements, if
       Beban atau pendapatan bunga neto, dan biaya                         any. Net interest expense or income, and service
       jasa diakui dalam laporan laba rugi dan                             costs are recognized in the consolidated
       penghasilan komprehensif lain konsolidasian.                        statement of profit or loss and other
                                                                           comprehensive income.

     v. Cadangan atas Penggantian Peralatan Operasi                     v. Reserve for       Replacement       of   Operating
                                                                           Equipment

       Entitas Anak yang bergerak dalam bidang                             Subsidiaries conducting business in hotels
       perhotelan    melakukan    pencadangan       atas                   provide a reserve for replacement of operational
       penggantian     peralatan     operasi    dengan                     equipment by charging to operations an amount
       membebankan jumlah tertentu pada biaya operasi                      based on the estimated replacement amount of
       sesuai dengan estimasi nilai penggantian dari                       cost or damage items. Actual purchases are
       harga perolehan atau barang yang rusak.                             charged to a reserve account. At the end of the
       Pembelian barang aktual dibebankan pada                             reporting year, an adjustment is made to the
       perkiraan pencadangan. Pada akhir tahun                             reserve account to recognize the difference
       pelaporan, penyesuaian dibuat atas perkiraan                        between the operational equipment items held at
       cadangan untuk mengakui perbedaan antara                            the end of the reporting year and those initially
       peralatan operasi yang dimiliki pada akhir tahun                    supplied by Subsidiaries. Any items on hand at
       pelaporan dengan jumlah yang dibeli oleh Entitas                    the end of the reporting year are adjusted to
       Anak. Nilai barang-barang yang tersedia pada                        “Inventories” accounts.
       akhir tahun pelaporan disesuaikan ke akun
       “Persediaan”.



                                                              38
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

     w. Cadangan atas Penggantian Perabotan dan                      w. Reserve Replacement           of   Furniture     and
        Peralatan                                                       Equipment

       Sehubungan dengan perjanjian yang diungkapkan                    In accordance with the agreement referred to in
       di dalam Catatan 43b, beberapa Entitas Anak,                     Note 43b, certain Subsidiaries, as the hotel
       yang merupakan badan pengelola properti hotel                    management of “Horison Suites & Residences
       “Horison Suites & Residences Rasuna”, “Aston                     Rasuna”, “Aston Bogor Hotel & Resort”, “Alana”,
       Bogor Hotel & Resort”, “Alana”, “The Grove Suite”                “The Grove Suite” and “Swiss-BelResidences
       dan “Swiss-BelResidences Rasuna Epicentrum”                      Rasuna Epicentrum” provide a reserve for
       melakukan pencadangan atas penggantian                           replacement of furniture and equipment between
       perabotan dan peralatan antara 1% sampai                         1% to 4% of the hotel revenue.
       dengan 4% dari pendapatan hotel.

     x. Informasi Segmen                                             x. Segment Information

       Segmen operasi diidentifikasi berdasarkan laporan                Operating segments are identified on the basis of
       internal mengenai komponen dari Grup yang                        internal reports about components of the Group
       secara regular direviu oleh pengambil keputusan                  that are regularly reviewed by the chief operating
       operasional dalam rangka mengalokasikan                          decision maker in order to allocate resources
       sumber daya dan menilai kinerja segmen operasi.                  and assess the performances of the operating
                                                                        segments.

       Segmen operasi adalah suatu komponen dari                        An operating segment is a component of an
       entitas:                                                         entity:
       (a) yang terlibat dalam aktivitas bisnis untuk                   (a) that engages in business activities to earn
           memperoleh pendapatan dan menimbulkan                            revenues and incur expenses (including
           beban (termasuk pendapatan dan beban                             revenues and expenses relating to the
           terkait dengan transaksi dengan komponen                         transactions with other components of the
           lain dari entitas yang sama);                                    same entity);
       (b) yang hasil operasinya dikaji ulang secara                    (b) whose operating results are reviewed
           regular oleh pengambil keputusan operasional                     regularly by the entity’s chief operating
           untuk membuat keputusan tentang sumber                           decision maker to make decisions about
           daya yang dialokasikan pada segmen tersebut                      resources to be allocated to the segments
           dan menilai kinerjanya; dan                                      and assess its performance; and
       (c) di mana tersedia informasi keuangan yang                     (c) for which discrete financial information is
           dapat dipisahkan.                                                available.

       Informasi yang digunakan oleh pengambil                          Information reported to the chief operating
       keputusan operasional dalam rangka alokasi                       decision maker for the purpose of resource
       sumber daya dan penilaian kinerja mereka                         allocation and assessment of performance is
       terfokus pada kategori dari setiap produk.                       more specifically focused on the category of
                                                                        each product.

       Pendapatan, beban, hasil, aset dan liabilitas                    Segment revenues, expenses, results, assets
       segmen termasuk hal-hal yang dapat diatribusikan                 and liabilities include those directly attributable to
       secara langsung kepada suatu segmen serta hal-                   a segment as well as those that can be allocated
       hal yang dapat dialokasikan dengan dasar yang                    on a reasonable basis to that segment. They are
       memadai untuk segmen tersebut. Segmen                            determined before intra group balances and
       ditentukan sebelum saldo dan transaksi antar                     transactions are eliminated.
       perusahaan dieliminasi.

     y. Laba atau Rugi Per Saham                                     y. Earnings or Losses Per Share

       Laba atau rugi neto per saham dasar dihitung                     Basic earnings or losses per share are
       dengan membagi laba atau rugi tahun berjalan                     calculated by dividing profits or losses
       yang dapat diatribusikan kepada pemilik entitas                  attributable to ordinary equity holders of the
       induk dengan rata-rata tertimbang jumlah saham                   parent entity, by the weighted average number of
       biasa   yang    beredar     pada   tahun   yang                  issued ordinary shares during the year.
       bersangkutan.


                                                           39
Page 357
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pada tanggal pelaporan, tidak ada efek berpotensi                  As at the reporting date, there were no
       saham biasa yang dapat menimbulkan pengaruh                        potentially dilutive ordinary shares that would
       dilutif pada rugi neto. Oleh karena itu, rugi neto                 give rise to a dilution of net loss per share. Thus,
       per saham dilusian sama dengan rugi per saham                      diluted net loss per share is the same as basic
       dasar.                                                             loss per share.

       Laba atau rugi per saham dilusian dihitung dengan                  Diluted earnings or loss per share amounts are
       membagi laba atau rugi neto tahun berjalan yang                    calculated by dividing the net profit or loss
       dapat diatribusikan kepada pemilik entitas induk                   attributable to ordinary equity holders of the
       (setelah disesuaikan dengan bunga atas saham                       parent (after adjusting for interest on the
       preferen yang dapat dikonversi) dengan jumlah                      convertible preference shares) by the weighted
       rata-rata tertimbang saham yang beredar untuk                      average number of ordinary shares outstanding
       tahun yang bersangkutan ditambah jumlah saham                      during the year plus the weighted average
       rata-rata tertimbang yang akan diterbitkan pada                    number of ordinary shares that would be issued
       saat pengkonversian semua instrumen berpotensi                     on conversion of all the dilutive potential ordinary
       saham biasa yang bersifat dilusian menjadi saham                   shares into ordinary shares.
       biasa.

     z. Biaya Pinjaman                                                 z. Borrowing Costs

       Biaya pinjaman yang dapat diatribusikan langsung                   Borrowing costs directly attributable to the
       dengan      perolehan,     pembangunan,        atau                acquisition, construction or production of an
       pembuatan aset yang membutuhkan waktu yang                         asset that takes a substantial period of time to
       cukup lama untuk persiapan digunakan sesuai                        prepare for its intended use or sale are
       tujuannya atau dijual dikapitalisasi sebagai bagian                capitalized as part of the cost of the respective
       dari biaya aset yang bersangkutan. Penghasilan                     assets. Investment income earned on temporary
       investasi diperoleh atas investasi sementara dari                  investment from borrowings that have not
       pinjaman yang secara spesifik belum digunakan                      specifically been used for the expenditure of
       untuk pengeluaran aset kualifikasian dikurangi dari                qualifying assets, less capitalized borrowing
       biaya pinjaman yang dikapitalisasi.                                costs.

       Semua biaya pinjaman lainnya diakui sebagai                        All other borrowing costs are expensed in the
       beban pada periode terjadi. Biaya pinjaman terdiri                 period incurred. Borrowing costs consist of
       dari biaya bunga dan biaya lain yang ditanggung                    interest and other costs that the Group incurs in
       oleh Grup sehubungan dengan peminjaman dana.                       connection with the borrowing of funds.

       Kapitalisasi biaya pinjaman dimulai pada saat                      Capitalization of borrowing costs commences
       aktivitas yang diperlukan untuk mempersiapkan                      when the activities to prepare the qualifying
       aset agar dapat digunakan sesuai dengan                            asset for its intended use are in progress and the
       maksudnya, dan pengeluaran untuk aset                              expenditures for the qualifying asset and the
       kualifikasian dan biaya pinjamannya telah terjadi.                 borrowing       costs   have     been     incurred.
       Kapitalisasi biaya pinjaman dihentikan pada saat                   Capitalization of borrowing costs ceases when
       selesainya secara substansi seluruh aktivitas yang                 substantially all the activities necessary to
       diperlukan      untuk     mempersiapkan        aset                prepare the qualifying assets are substantially
       kualifikasian agar dapat digunakan sesuai dengan                   completed for their intended use.
       maksudnya.

     aa.Aset Takberwujud                                               aa. Intangible Assets

       Aset takberwujud yang diperoleh secara terpisah                    Intangible assets acquired separately are
       pada awalnya diakui sebesar biaya perolehan.                       measured on initial recognition at cost. The cost
       Biaya perolehan aset takberwujud yang diperoleh                    of intangible assets acquired in a business
       dalam kombinasi bisnis adalah nilai wajar aset                     combination is its fair value as of the date of
       pada tanggal akuisisi. Setelah pengakuan awal,                     acquisition. Subsequent to initial recognition,
       aset takberwujud dicatat sebesar biaya perolehan                   intangible assets are carried at cost less any
       dikurangi akumulasi amortisasi dan akumulasi rugi                  accumulated amortization and accumulated
       penurunan nilai, jika ada.                                         impairment losses, if any.




                                                             40
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                        3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Aset takberwujud yang dihasilkan secara internal,                    Internally generated intangible assets, excluding
       selain biaya pengembangan yang dikapitalisasi,                       capitalized development costs, are not
       tidak dikapitalisasi dan pengeluaran tercermin                       capitalized and expenditure is reflected in the
       dalam laporan laba rugi dan penghasilan                              consolidated statement of profit or loss and other
       komprehensif lain konsolidasian pada tahun di                        comprehensive income in the year in which the
       mana pengeluaran tersebut terjadi.                                   expenditure is incurred.

       Umur manfaat aset takberwujud dinilai terbatas                       The useful lives of intangible assets are
       atau tidak terbatas. Aset takberwujud dengan                         assessed as either finite or indefinite. Intangible
       umur manfaat terbatas diamortisasi selama masa                       assets with finite lives are amortized over the
       manfaat ekonomis dan menguji penurunan nilai                         useful economic life and assessed for
       apabila terdapat indikasi aset takberwujud                           impairment whenever there is an indication that
       mengalami penurunan nilai.                                           the intangible asset may be impaired.

       Periode amortisasi dan metode amortisasi untuk                       The amortization period and the amortization
       aset takberwujud ditinjau setidaknya pada setiap                     method for an intangible asset is reviewed at
       akhir periode pelaporan. Perubahan pada                              least at the end of each reporting period.
       perkiraan umur manfaat atau perkiraan pola                           Changes in the expected useful life or the
       konsumsi manfaat ekonomi terjadi pada aset                           expected pattern of consumption of future
       tersebut dicatat dengan mengubah periode                             economic benefits embodied in the asset is
       amortisasi atau metode, yang sesuai, dan                             accounted for by changing the amortization
       diperlakukan   sebagai     perubahan    estimasi                     period or method, as appropriate, and are
       akuntansi. Beban amortisasi aset takberwujud                         treated as changes in accounting estimates. The
       diakui dalam laporan laba rugi dan penghasilan                       amortization expense on intangible assets is
       komprehensif lain konsolidasian dalam kategori                       recognized in the consolidated statement of profit
       biaya yang konsisten dengan fungsi dari aset                         or loss and other comprehensive income in the
       takberwujud.                                                         expense category consistent with the function of
                                                                            the intangible assets.

       Laba atau rugi yang timbul dari penghentian                          Gains or losses arising from derecognition of an
       pengakuan aset takberwujud ditentukan sebagai                        intangible asset are measured as the difference
       selisih antara hasil neto pelepasan dan jumlah                       between the net disposal proceeds and the
       tercatat aset dan diakui dalam laporan laba rugi                     carrying amount of the asset and are recognized
       dan penghasilan komprehensif lain konsolidasian                      in the consolidated statement of profit or loss and
       ketika aset tersebut dihentikan pengakuannya.                        other comprehensive income when the asset is
                                                                            derecognized.

       Goodwill merupakan selisih lebih biaya perolehan                     Goodwill represents the excess of the cost of an
       atas kepemilikan Grup terhadap nilai wajar aset                      acquisition over the fair value of the Group’s
       neto teridentifikasi dari Entitas Anak, entitas                      share of the net identifiable assets of the
       asosiasi atau pengendalian bersama entitas pada                      acquired Subsidiary, associate or jointly
       tanggal akuisisi. Kepentingan nonpengendali                          controlled entity at the effective date of
       (NCI) diukur pada proporsi kepemilikan NCI atas                      acquisition. Non-controlling Interest (NCI) are
       aset neto teridentifikasi pada tanggal akuisisi. Jika                measured at their proportionate share of the net
       biaya perolehan lebih rendah dari nilai wajar aset                   identifiable assets at the acquisition date. If the
       neto yang diperoleh, perbedaan tersebut diakui                       cost of acquisition is less than the fair value of
       dalam laporan laba rugi dan penghasilan                              the net assets acquired, the difference is
       komprehensif lain konsolidasian. Goodwill atas                       recognized in the consolidated profit and loss
       akuisisi entitas asosiasi dan pengendalian                           and other comprehensive income. Goodwill on
       bersama entitas disajikan di dalam investasi pada                    acquisitions of associates and jointly controlled
       entitas asosiasi dan pengendalian bersama                            entities is included in investment in associates
       entitas. Goodwill dicatat sebesar biaya perolehan                    and jointly controlled entities. Goodwill is carried
       dikurangi dengan akumulasi kerugian penurunan                        at cost less accumulated impairment loss.
       nilai.

       Goodwill atas akuisisi Entitas Anak diuji                            Goodwill upon acquisition of Subsidiaries is
       penurunan nilainya setiap tahun. Goodwill                            annually tested for impairment. Goodwill is
       dialokasikan pada setiap Unit Penghasil Kas                          allocated to Cash Generating Unit (CGU) or
       (CGU) atau kelompok CGU untuk tujuan uji                             group of CGUs for the purpose of impairment
       penurunan nilai.                                                     testing.




                                                               41
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PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                              DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                           3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Keuntungan atau kerugian atas pelepasan Entitas                        The profit or loss on disposal of Subsidiaries,
        Anak, entitas asosiasi dan pengendalian bersama                        associates and jointly controlled entities includes
        entitas termasuk nilai tercatat dari goodwill yang                     the carrying amount of goodwill relating to the
        terkait dengan entitas yang dijual.                                    entity sold.

     bb.Musyarakah                                                          bb.Musyarakah

        Pembiayaan Musyarakah adalah akad kerjasama                            Musyarakah financing is an agreement between
        antara dua pihak atau lebih untuk suatu usaha                          two or more parties for a particular business, in
        tertentu,    di   mana  masing-masing    pihak                         which each party contributes funds provided that
        memberikan kontribusi dana dengan ketentuan                            the profits are divided according to the
        bahwa       keuntungan   dibagi   berdasarkan                          agreement, while losses are based on the portion
        kesepakatan, sedangkan kerugian berdasarkan                            of fund contributions.
        porsi kontribusi dana.

        Pembiayaan Musyarakah          dinyatakan     sebesar                  Musyarakah financing is stated at outstanding
        saldo pembiayaan.                                                      balance.

     cc. Modal Saham yang Diperoleh Kembali                                 cc. Treasury Stock

        Modal saham yang diperoleh kembali, dicatat                            Treasury stock is stated, at acquisition cost and
        sebesar nilai perolehan dan disajikan sebagai                          shown as reduction from capital stock under the
        pengurang modal saham di bagian ekuitas dalam                          shareholders’ equity section of the consolidated
        laporan posisi keuangan konsolidasian. Selisih                         statement of financial position. The difference
        antara nilai yang diterima atas penjualan saham                        between the proceeds from resale of treasury
        yang diperoleh kembali dan harga perolehan yang                        stock and the related acquisition cost is
        terkait dicatat sebagai penambahan atau                                accounted for as an addition to or reduction from
        pengurangan dari agio saham. Apabila saham                             additional paid-in capital. When the treasury
        yang diperoleh kembali tersebut ditarik kembali,                       stock is retired, the difference between
        selisih antara harga perolehan dan nilai nominal                       acquisition cost and par value is allocated
        dialokasikan antara agio saham dan saldo laba.                         between the related additional paid-in capital and
                                                                               retained earnings.

     dd.Provisi                                                             dd.Provisions

        Provisi diakui jika Grup memiliki liabilitas kini (baik                Provisions are recognized when the Group has a
        bersifat hukum maupun bersifat konstruktif) yang                       present obligation (legal or constructive) where,
        akibat peristiwa masa lalu, besar kemungkinannya                       as a result of a past event, it is probable that an
        besar      penyelesaian       liabilitas      tersebut                 outflow of resources embodying economic
        mengakibatkan arus keluar sumber daya yang                             benefits would be required to settle the obligation
        mengandung manfaat ekonomi dan estimasi yang                           and a reliable estimate can be made of the
        andal mengenai jumlah liabilitas tersebut dapat                        amount of the obligation. Where the Group
        dibuat. Ketika Grup mengharapkan sebagian atau                         expects some or all of a provision to be
        seluruh provisi diganti, maka penggantian tersebut                     reimbursed, the reimbursement is recognized as
        diakui sebagai aset yang terpisah tetapi hanya                         a separate asset but only when the
        pada saat timbul keyakinan penggantian pasti                           reimbursement is virtually certain. The expense
        diterima. Beban yang terkait dengan provisi                            relating to any provision is presented in the profit
        disajikan secara neto setelah dikurangi jumlah                         or loss net of any reimbursement.
        yang diakui sebagai penggantiannya.

        Provisi ditelaah pada setiap tanggal pelaporan dan                     Provisions are reviewed at each reporting date
        disesuaikan untuk mencerminkan estimasi terbaik                        and adjusted to reflect the current best estimate.
        yang paling kini. Jika arus keluar sumber daya                         If it is no longer probable that an outflow of
        yang mengandung manfaat ekonomi untuk                                  resources embodying economic benefits would
        menyelesaikan liabilitas kemungkinan besar tidak                       be required to settle the obligation, the provision
        terjadi, maka provisi dibatalkan.                                      is reversed.




                                                                  42
Page 360
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     ee. Peristiwa Setelah Periode Pelaporan                            ee. Events After the Reporting Period

        Peristiwa yang terjadi setelah periode pelaporan                   Events after the reporting period that provide
        yang menyediakan tambahan informasi mengenai                       additional information about the Group’s financial
        posisi keuangan Grup pada tanggal laporan posisi                   position at the reporting date (adjusting events),
        keuangan (peristiwa penyesuai), jika ada, telah                    if any, are reflected in the consolidated financial
        tercermin dalam laporan keuangan konsolidasian.                    statements. Events after the reporting period that
        Peristiwa-peristiwa yang terjadi setelah periode                   do not require adjustment (non-adjusting events),
        pelaporan yang tidak memerlukan penyesuaian                        where material, are disclosed in the notes to
        (peristiwa nonpenyesuai), apabila jumlahnya                        consolidated financial statements.
        material, telah diungkapkan dalam catatan atas
        laporan keuangan konsolidasian.

     ff. Pengukuran Nilai Wajar                                         ff. Fair Value Measurement

        Nilai wajar adalah harga yang akan diterima untuk                  Fair value is the price that would be received to
        menjual suatu aset atau harga yang akan dibayar                    sell an asset or paid to transfer a liability in an
        untuk mengalihkan suatu liabilitas dalam transaksi                 orderly transaction between market participants
        teratur di antara pelaku pasar pada tanggal                        at the measurement date. The fair value
        pengukuran. Pengukuran nilai wajar didasarkan                      measurement is based on the presumption that
        pada asumsi bahwa transaksi untuk menjual aset                     the transaction to sell the asset or transfer the
        atau mengalihkan liabilitas akan terjadi:                          liability takes place either:
        1. Di pasar utama untuk aset atau liabilitas                       1. In the principal market for the asset or liability;
            tersebut; atau                                                     or
        2. Jika tidak terdapat pasar utama, di pasar yang                  2. In the absence of a principal market, in the
            paling menguntungkan untuk aset atau                               most advantageous market for the asset or
            liabilitas tersebut.                                               liability.

        Grup harus memiliki akses ke pasar utama atau                      The principal or the most advantageous market
        pasar yang paling menguntungkan.                                   must be accessible by the Group.

        Nilai wajar aset atau liabilitas diukur menggunakan                The fair value of an asset or a liability is
        asumsi yang akan digunakan pelaku pasar ketika                     measured using the assumptions that market
        menentukan harga aset atau liabilitas tersebut,                    participants would use when pricing the asset or
        dengan asumsi bahwa pelaku pasar bertindak                         liability, assuming that market participants act in
        dalam kepentingan ekonomis terbaiknya.                             their best economic interest.

        Pengukuran nilai wajar aset nonkeuangan                            A fair value measurement of a non-financial
        memperhitungkan kemampuan pelaku pasar                             asset takes into account a market participant’s
        untuk menghasilkan manfaat ekonomis dengan                         ability to generate economic benefits by using
        menggunakan aset dalam penggunaan tertinggi                        the asset in its highest and best use or by selling
        dan terbaiknya, atau dengan menjualnya kepada                      it to another market participant that would use
        pelaku pasar lain yang akan menggunakan aset                       the asset in its highest and best use.
        tersebut dalam penggunaan tertinggi dan
        terbaiknya.

        Grup menggunakan teknik penilaian yang sesuai                      The Group uses valuation techniques that are
        dalam keadaan dan di mana data yang memadai                        appropriate in the circumstances and for which
        tersedia   untuk    mengukur      nilai   wajar,                   sufficient data are available to measure fair
        memaksimalkan penggunaan input yang dapat                          value, maximizing the use of relevant observable
        diobservasi yang relevan dan meminimalkan                          inputs and minimizing the use of unobservable
        penggunaan input yang tidak dapat diobservasi.                     inputs.

        Seluruh aset dan liabilitas, baik yang diukur pada                 All assets and liabilities for which fair value is
        nilai wajar, atau di mana nilai wajar aset atau                    measured or disclosed in the consolidated
        liabilitas tersebut diungkapkan dalam laporan                      financial statements are categorized within the
        keuangan konsolidasian, dikategorikan dalam                        fair value hierarchy, described as follows, based
        hirarki nilai wajar, berdasarkan tingkat input                     on the lowest able input that significant to fair
        terendah yang signifikan terhadap keseluruhan                      value measurement as a whole:
        pengukuran, sebagai berikut:




                                                              43
Page 361
PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                             DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                          3.   MATERIAL ACCOUNTING POLICIES (Continued)

        1. Level 1 - Harga kuotasian (tanpa penyesuaian)                      1. Level 1 - Quoted (unadjusted) market prices
           di pasar aktif untuk aset atau liabilitas yang                        in active markets for identical assets or
           identik;                                                              liabilities;
        2. Level 2 - Teknik penilaian di mana tingkat input                   2. Level 2 - Valuation techniques for which the
           terendah yang signifikan terhadap pengukuran                          lowest level input that is significant to the fair
           nilai wajar dapat diobservasi, baik secara                            value measurement is directly or indirectly
           langsung maupun tidak langsung;                                       observable;
        3. Level 3 - Teknik penilaian di mana tingkat input                   3. Level 3 - Valuation techniques for which the
           terendah yang signifikan terhadap pengukuran                          lowest level input that is significant to the fair
           nilai wajar tidak dapat diobservasi.                                  value measurement is unobservable.

        Untuk aset dan liabilitas yang diukur pada nilai                      For assets and liabilities that are recognized in
        wajar secara berulang dalam laporan keuangan                          the consolidated financial statements on a
        konsolidasian, maka Grup menentukan apakah                            recurring basis, the Group determines whether
        telah terjadi transfer di antara tingkat hirarki nilai                transfers have occurred between levels in the
        wajar      dengan      cara     menilai      kembali                  hierarchy by re-assessing categorization (based
        pengkategorian tingkat nilai wajar (berdasarkan                       on the lowest level input that is significant to the
        tingkat input terendah yang signifikan terhadap                       fair value measurement as a whole) at the end of
        keseluruhan pengukuran) pada setiap akhir                             each reporting period.
        periode pelaporan.

     Penyusunan laporan keuangan konsolidasian, sesuai                     The preparation of the Group’s consolidated
     dengan Standar Akuntansi Keuangan di Indonesia,                       financial statements requires management to make
     mewajibkan       manajemen      untuk     membuat                     judgments, estimates and assumptions that affect
     pertimbangan,     estimasi   dan    asumsi    yang                    the reported amounts herein, and the related
     memengaruhi jumlah-jumlah yang dilaporkan dalam                       disclosures, at the end of the reporting period.
     laporan keuangan. Sehubungan dengan adanya                            However, uncertainty about these assumptions and
     ketidakpastian yang melekat dalam membuat                             estimates could result in outcomes that require a
     estimasi, hasil sebenarnya yang dilaporkan di masa                    material adjustment to the carrying amount of the
     mendatang dapat berbeda dengan jumlah estimasi                        asset or liability affected in future periods.
     yang dibuat.


4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                           4.   CRITICAL ACCOUNTING              ESTIMATES        AND
                                                                           JUDGMENTS

     Pertimbangan                                                          Judgments

     Dalam proses penerapan kebijakan akuntansi Grup,                      In the process of applying the Group’s accounting
     manajemen telah membuat keputusan berikut, yang                       policies, management has made the following
     memiliki pengaruh paling signifikan terhadap jumlah                   judgments, which have the most significant effect on
     yang diakui dalam laporan keuangan konsolidasian:                     the amounts recognized in the consolidated financial
                                                                           statements:

     Menentukan klasifikasi aset dan liabilitas keuangan                   Determining classification of financial assets and
                                                                           financial liabilities

     Grup menetapkan klasifikasi atas aset dan liabilitas                  The Group determines the classifications of certain
     tertentu sebagai aset keuangan dan liabilitas                         assets and liabilities as financial assets and financial
     keuangan dengan mempertimbangkan bila definisi                        liabilities by judging if they meet the definition set
     yang ditetapkan PSAK 109 dipenuhi. Dengan                             forth in PSAK 109. Accordingly, the financial assets
     demikian, aset keuangan dan liabilitas keuangan                       and financial liabilities are accounted for in
     diakui sesuai dengan kebijakan akuntansi Grup                         accordance with the Group’s accounting policies
     seperti diungkapkan pada Catatan 3i.                                  disclosed in Note 3i.




                                                                 44
Page 362
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                         4.   CRITICAL ACCOUNTING              ESTIMATES       AND
     (Lanjutan)                                                          JUDGMENTS (Continued)

     Menentukan penyisihan kerugian kredit ekspektasian                  Determining provision for expected credit losses of
     atas piutang usaha                                                  trade receivables

     Grup menggunakan matriks provisi untuk menghitung                   The Group uses a provision matrix to calculate
     kerugian kredit ekspektasian untuk piutang. Tingkat                 expected credit losses for receivables. The level of
     provisi didasarkan pada piutang yang telah jatuh                    provision rates are based on receivables that are
     tempo dengan pengelompokan berbagai segmen                          past due with      grouping of various customer
     pelanggan yang memiliki pola yang sama (seperti:                    segments that have the same pattern (such as:
     letak geografis, jenis produk serta jenis dan peringkat             geographic location, product type and, type and
     pelanggan).                                                         customer rating).

     Matriks provisi pada awalnya didasarkan pada tingkat                The provision matrix is initially based on historical
     gagal bayar historis yang diobservasi oleh Grup. Grup               default rates observed by the Group. The Group
     menyesuaikan pengalaman kerugian kredit historis                    adjusts its historical credit losses experience with
     dengan informasi masa depan. Misalnya, jika                         future information. For example, if the forecast for
     perkiraan kondisi ekonomi         diperkirakan akan                 economic conditions is expected to deteriorate over
     memburuk selama setahun ke depan yang dapat                         the next year, which could lead to an increase in the
     menyebabkan peningkatan jumlah gagal bayar, Pada                    amount of default, at each reporting date, the
     setiap tanggal pelaporan, tingkat gagal bayar historis              observed historical default rates are updated and
     yang diobservasi diperbarui dan perubahan perkiraan                 changes in future forecasts are analyzed by the
     masa depan dianalisis oleh Grup.                                    Group.

     Jumlah kerugian kredit ekspektasian sensitif terhadap               The amount of expected credit losses is sensitive to
     perubahan keadaan dan perkiraan kondisi ekonomi.                    changes in circumstances and of forecast economic
     Pengalaman kerugian kredit historis Grup dan                        conditions. The Group’s historical credit loss
     perkiraan kondisi ekonomi juga tidak dapat mewakili                 experience and forecast of economic conditions may
     gagal bayar aktual pelanggan di masa depan. Rincian                 also not be representative of customer’s actual
     lebih lanjut diungkapkan di Catatan 7 dan 8.                        default in the future. Further details are disclosed in
                                                                         Notes 7 and 8.

     Menentukan masa sewa kontrak dengan opsi                            Determining the lease term of contracts with renewal
     perpanjangan dan penghentian serta tingkat diskonto                 and termination options, and discount rate when the
     ketika Grup sebagai penyewa                                         Group is the lessee

     Grup menentukan masa sewa sebagai masa sewa                         The Group determines the lease term as the non-
     yang tidak dapat dibatalkan, bersama dengan periode                 cancellable term of the lease, together with any
     apa pun yang dicakup oleh opsi untuk                                periods covered by an option to extend the lease if it
     memperpanjang sewa jika cukup pasti untuk                           is reasonably certain to be exercised, or any periods
     dilaksanakan, atau periode apa pun yang dicakup                     covered by an option to terminate the lease, if it is
     oleh opsi untuk mengakhiri sewa, jika cukup pasti                   reasonably certain not to be exercised.
     untuk tidak dilaksanakan.

     Grup memiliki beberapa kontrak sewa yang                            The Group has several lease contracts that include
     mencakup opsi perpanjangan dan penghentian. Grup                    extension and termination options. The Group
     menerapkan pertimbangan dalam mengevaluasi                          applies judgment in evaluating whether it is
     apakah secara wajar cukup yakin bahwa opsi untuk                    reasonably certain that the option to extend or
     memperpanjang atau mengakhiri sewa akan                             terminate the lease will be exercised.
     dilaksanakan.

     Grup tidak dapat menentukan suku bunga implisit.                    The Group is unable to determine the implicit
     Oleh karena itu, Grup menggunakan suku bunga                        interest rate. Therefore, the Group uses the
     pinjaman inkremental sebagai tingkat diskonto untuk                 incremental borrowing rate as a discount rate to
     menghitung nilai kini pembayaran sewa yang belum                    calculate the present value of the unpaid lease
     dibayar untuk mengakui liabilitas sewa.      Dalam                  payments in order to recognize lease liabilities. In
     menentukan suku bunga pinjaman inkremental, Grup                    determining the incremental borrowing rate, the
     mempertimbangkan faktor-faktor utama antara lain:                   Group considers these main factors, among others:
     suku bunga pinjaman Grup, jangka waktu sewa,                        the Group's loan interest rates, lease term, lease
     pembayaran sewa, dan mata uang dimana                               payments, and the currency in which the lease
     pembayaran sewa ditentukan.                                         payments are determined.




                                                               45
Page 363
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                       4.   CRITICAL ACCOUNTING              ESTIMATES       AND
     (Lanjutan)                                                        JUDGMENTS (Continued)

     Penentuan mata uang fungsional                                    Determination of functional currency

     Mata uang fungsional Grup merupakan mata uang                     The functional currencies of the Group are the
     dalam lingkungan ekonomi primer di mana entitas                   currency of the primary economic environment in
     beroperasi. Mata uang tersebut adalah mata uang                   which each entity operates. It is the currency that
     yang paling memengaruhi pendapatan dan beban                      mainly influences the revenue and cost of revenues.
     pokok     pendapatan.    Berdasarkan    penilaian                 Based on the Group’s management assessment,
     manajemen Grup, mata uang fungsional Grup adalah                  the Group’s functional currency is Rupiah.
     Rupiah.

     Kelangsungan Usaha                                                Going concern

     Manajemen Grup telah melakukan penilaian terhadap                 The Group’s management has made an assessment
     kemampuan        Grup     untuk   mempertahankan                  of the Group’s ability to continue as a going concern
     kelangsungan usaha dan menilai keyakinan bahwa                    and is satisfied that the Group has the resources to
     Grup memiliki sumber daya untuk melanjutkan bisnis                continue in business for the foreseeable future.
     di masa mendatang. Meskipun, manajemen menilai                    Although the management is aware of any material
     ketidakpastian material yang dapat menimbulkan                    uncertainties that may cast significant doubt upon
     keraguan signifikan terhadap kemampuan Grup untuk                 the Group’s ability to continue as a going concern,
     mempertahankan kelangsungan usahanya, laporan                     the consolidated financial statements continue to be
     keuangan konsolidasian tetap disusun atas basis                   prepared on the going concern basis. Further details
     kelangsungan usaha. Penjelasan lebih lanjut                       are disclosed in Note 46.
     diungkapkan dalam Catatan 46.

     Komitmen sewa operasi - Grup sebagai lessor                       Operating lease commitments - Group as lessor

     Grup telah mengadakan perjanjian sewa properti                    The Group has entered into commercial property
     komersial dalam portofolio properti investasi. Grup               leases on its investment property portfolio. The
     telah menentukan berdasarkan evaluasi dari                        Group has determined, based on an evaluation of
     persyaratan dan kondisi perjanjian, bahwa Grup                    the terms and conditions of the arrangements, that it
     mempertahankan semua resiko dan manfaat                           retains all the significant risks and rewards of
     signifikan dari kepemilikan properti ini dan mengakui             ownership of these properties and accounts for the
     kontrak tersebut sebagai sewa operasi.                            contract as operating leases.

     Cadangan kerugian penurunan nilai persediaan                      Allowance for decline in value of inventories

     Penyisihan penurunan nilai pasar dan keusangan                    Allowance for decline in market value and
     persediaan diestimasi berdasarkan fakta dan situasi               obsolescence in inventories is estimated based on
     yang tersedia, termasuk namun tidak terbatas                      available facts and circumstances, including but not
     kepada, kondisi fisik persediaan yang dimiliki, harga             limited to, the inventories’ own physical conditions,
     jual pasar, estimasi biaya penyelesaian dan estimasi              its market selling prices, estimated costs of
     biaya yang timbul untuk penjualan. Provisi dievaluasi             completion and estimated costs incurred for sales.
     kembali dan disesuaikan jika terdapat tambahan                    The provisions are re-evaluated and adjusted if
     informasi yang memengaruhi jumlah yang diestimasi.                additional information received affects the estimated
     Nilai tercatat persediaan Grup diungkapkan dalam                  amounts. The carrying amounts of the Group’s
     Catatan 9.                                                        inventories are disclosed in Note 9.

     Mengevaluasi provisi dan kontinjensi                              Evaluating provisions and contingencies

     Grup melakukan pertimbangan untuk membedakan                      The Group exercises its judgment to distinguish
     antara provisi dan kontinjensi serta mempersiapkan                between provisions and contingencies and sets up
     provisi yang sesuai untuk proses hukum atau                       appropriate provisions for its legal or constructive
     kewajiban konstruktif, jika ada, sesuai dengan                    obligations, if any, in accordance with its policies on
     kebijakan provisinya dan mempertimbangkan risiko                  provisions and takes the relevant risks and
     dan ketidakpastian yang relevan. Penjelasan lebih                 uncertainty into account. Further details are
     rinci diungkapkan dalam Catatan 23 dan 47.                        disclosed in Notes 23 and 47.




                                                             46
Page 364
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                          4.   CRITICAL ACCOUNTING              ESTIMATES       AND
     (Lanjutan)                                                           JUDGMENTS (Continued)

     Estimasi dan Asumsi                                                  Estimation and Assumptions

     Asumsi utama masa depan dan ketidakpastian                           The key assumptions concerning the future and
     sumber estimasi utama yang lain pada tanggal                         other key sources of estimated uncertainty at the
     pelaporan yang memiliki risiko signifikan bagi                       reporting date, that have a significant risk of causing
     penyesuaian yang material terhadap nilai tercatat                    a material adjustment to the carrying amounts of
     aset dan liabilitas untuk tahun berikutnya                           assets and liabilities within the next financial year,
     diungkapkan di bawah ini. Grup mendasarkan asumsi                    are described below. The Group based its
     dan estimasi pada parameter yang tersedia pada saat                  assumptions and estimates on parameters available
     laporan keuangan konsolidasian disusun. Asumsi dan                   when the consolidated financial statements are
     situasi mengenai perkembangan masa depan                             prepared. Existing circumstances and assumptions
     mungkin berubah akibat perubahan pasar atau situasi                  about future developments however, may change
     di luar kendali Grup. Perubahan tersebut dicerminkan                 due to market changes or circumstances arising
     dalam asumsi terkait pada saat terjadinya.                           beyond the control of the Group. Such changes are
                                                                          reflected in the assumptions when they occur.

     Imbalan kerja karyawan                                               Employee benefits

     Penentuan utang dan biaya pensiun dan liabilitas                     The determination of the Group’s obligations and
     imbalan kerja Grup bergantung pada pemilihan                         cost for pension and employee benefits liabilities is
     asumsi yang digunakan oleh aktuaris independen                       dependent on its selection of certain assumptions
     dalam menghitung jumlah-jumlah tersebut. Asumsi                      used by the independent actuaries in calculating
     tersebut termasuk antara lain, tingkat diskonto, tingkat             such amounts. Those assumptions include among
     kenaikan gaji tahunan, tingkat pengunduran diri                      others, discount rates, future annual salary
     karyawan tahunan, tingkat kecacatan, umur pensiun                    increases, annual employee turn-over rate, disability
     dan tingkat kematian. Hasil aktual yang berbeda dari                 rate, retirement age and mortality rate. Actual results
     asumsi yang ditetapkan Grup diakui segera pada                       that differ from the Group’s assumptions are
     laporan posisi keuangan konsolidasian dengan debit                   recognized immediately in the consolidated
     atau kredit ke saldo laba melalui penghasilan                        statement of financial position with a corresponding
     komprehensif lainnya dalam tahun terjadinya.                         debit or credit to retained earnings through other
     Sementara Grup berkeyakinan bahwa asumsi                             comprehensive income in the year in which they
     tersebut adalah wajar dan sesuai, perbedaan                          occur. While the Group believes that its assumptions
     signifikan pada hasil aktual atau perubahan signifikan               are reasonable and appropriate, significant
     dalam asumsi yang ditetapkan Grup dapat                              differences in the Group’s actual experiences or
     memengaruhi secara material liabilitas diestimasi atas               significant changes in the Group’s assumptions may
     pensiun dan imbalan kerja dan beban imbalan kerja                    materially affect its estimated liabilities for pension
     neto. Penjelasan lebih rinci diungkapkan dalam                       and employee benefits and net employee benefits
     Catatan 37.                                                          expense. Further details are disclosed in Note 37.

     Penyusutan aset tetap dan properti investasi                         Depreciation   of   fixed   assets   and   investment
                                                                          properties

     Biaya perolehan aset tetap disusutkan dengan                         The costs of fixed assets are depreciated on a
     menggunakan metode garis lurus berdasarkan                           straight-line basis over their estimated useful life.
     taksiran masa manfaat ekonomisnya. Manajemen                         Management estimated the useful life of these fixed
     mengestimasi masa manfaat ekonomis aset tetap                        assets to be within 3 to 50 years, wherein the costs
     antara 3 sampai dengan 50 tahun, dimana biaya                        of buildings under build, operate and transfer
     perolehan atas bangunan dalam rangka bangun,                         arrangements are depreciated using the straight-line
     kelola dan alih disusutkan dengan menggunakan                        method over the term of the build, operate and
     metode garis lurus selama jangka waktu perjanjian                    transfer arrangements within 20 to 30 years based
     bangun, kelola dan alih antara 20 sampai dengan                      on the operate and transfer agreements. These are
     30 tahun. Ini adalah umur yang secara umum                           common life expectancies adopted in the industries
     diharapkan dalam industri di mana Grup menjalankan                   where the Group conducts their businesses.
     bisnisnya. Perubahan tingkat pemakaian dan                           Changes in the expected level of usage and
     perkembangan teknologi dapat memengaruhi masa                        technological development could impact the
     manfaat ekonomis dan nilai sisa aset, sehingga biaya                 economic useful life and the residual values of these
     penyusutan masa depan mungkin direvisi. Penjelasan                   assets, and therefore future depreciation charges
     lebih rinci diungkapkan dalam Catatan 16.                            could be revised. Further details are disclosed in
                                                                          Note 16.




                                                                47
Page 365
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                        4.   CRITICAL ACCOUNTING              ESTIMATES        AND
     (Lanjutan)                                                         JUDGMENTS (Continued)

     Biaya perolehan properti investasi disusutkan dengan               The costs of investment properties are depreciated
     menggunakan metode garis lurus berdasarkan                         on a straight-line basis over their estimated useful
     taksiran masa manfaat ekonomisnya. Manajemen                       life. Management estimated the useful life of these
     mengestimasi masa manfaat ekonomis properti                        investment properties to be within 20 to 50 years.
     investasi antara 20 sampai dengan 50 tahun. Ini                    These are common life expectancies applied in the
     adalah umur yang secara umum diharapkan dalam                      industries where the Group conducts their
     industri dimana Grup menjalankan bisnisnya.                        businesses. Changes in the expected level of usage
     Perubahan tingkat pemakaian dan perkembangan                       and technological development could impact the
     teknologi dapat memengaruhi masa manfaat                           economic useful lives and the residual values of
     ekonomis dan nilai sisa aset, dan karenanya biaya                  these assets, and therefore future depreciation
     penyusutan masa depan mungkin direvisi. Penjelasan                 charges could be revised. Further details are
     lebih rinci diungkapkan dalam Catatan 15.                          disclosed in Note 15.

     Menentukan nilai wajar dan perhitungan biaya                       Determining fair value and calculation of cost
     perolehan diamortisasi dari instrumen keuangan                     amortization of financial instruments

     Grup mencatat aset dan liabilitas keuangan tertentu                The Group records certain financial assets and
     pada nilai wajar dan pada biaya perolehan                          liabilities at fair values and at amortized costs, which
     diamortisasi, yang mengharuskan penggunaan                         require the use of accounting estimates. While
     estimasi akuntansi. Sementara komponen signifikan                  significant components of fair value measurement
     atas pengukuran nilai wajar dan asumsi yang                        and assumptions used in the calculation of cost
     digunakan dalam perhitungan biaya perolehan                        amortization are determined using verifiable
     diamortisasi ditentukan menggunakan bukti objektif                 objective evidence, the fair value or amortization
     yang dapat diverifikasi, jumlah nilai wajar atau                   amount would differ if the Group utilized different
     amortisasi dapat berbeda bila Grup menggunakan                     valuation methodologies or assumptions. Such
     metodologi-metodologi penilaian atau asumsi yang                   changes would directly affect the Group’s profit or
     berbeda. Perubahan tersebut dapat memengaruhi                      loss. Further details are disclosed in Note 45.
     secara langsung laba rugi Grup. Penjelasan lebih rinci
     diungkapkan dalam Catatan 45.

     Pajak penghasilan                                                  Income tax

     Pertimbangan signifikan dilakukan dalam menentukan                 Significant judgment is involved in determining the
     provisi atas pajak penghasilan badan. Terdapat                     provision for corporate income tax. There are certain
     transaksi dan perhitungan tertentu yang penentuan                  transactions and computation for which the ultimate
     pajak akhirnya adalah tidak pasti sepanjang kegiatan               tax determination is uncertain during the ordinary
     usaha normal. Grup mengakui liabilitas atas pajak                  course of business. The Group recognizes liabilities
     penghasilan badan berdasarkan estimasi apakah                      for expected corporate income tax issues based on
     akan terdapat tambahan pajak penghasilan badan.                    estimates of whether additional corporate income
                                                                        tax will be due.

     Aset pajak tangguhan                                               Deferred tax assets

     Aset pajak tangguhan diakui atas seluruh rugi fiskal               Deferred tax assets are recognized for all unused
     yang      belum    digunakan    sepanjang     besar                tax losses to the extent that it is probable that
     kemungkinannya bahwa penghasilan kena pajak                        taxable profit will be available against which the
     akan tersedia sehingga rugi fiskal tersebut dapat                  losses can be utilized. Significant management
     digunakan. Estimasi signifikan oleh manajemen                      estimates are required to determine the amount of
     disyaratkan dalam menentukan jumlah aset pajak                     deferred tax assets that can be recognized, based
     tangguhan yang dapat diakui, berdasarkan saat                      upon the likely timing and the level of future taxable
     penggunaan dan tingkat penghasilan kena pajak dan                  profits together with future tax planning strategies.
     strategi perencanaan pajak masa depan.




                                                              48
Page 366
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                         4.   CRITICAL ACCOUNTING              ESTIMATES        AND
     (Lanjutan)                                                          JUDGMENTS (Continued)

     Penurunan nilai aset nonkeuangan                                    Impairment of non-financial assets

     Penurunan nilai timbul saat nilai tercatat aset atau                An impairment exists when the carrying value of an
     Unit Penghasil Kas (CGU) melebihi jumlah                            asset or Cash Generating Unit (CGU) exceeds its
     terpulihkan, yang lebih besar antara nilai wajar                    recoverable amount, which is the higher of its fair
     dikurangi biaya untuk menjual dan nilai pakainya.                   value less costs to sell and its value in use. The fair
     Nilai wajar dikurangi biaya untuk menjual didasarkan                value less costs to sell calculation is based on
     pada ketersediaan data dari perjanjian penjualan                    available data from binding sales transactions in an
     yang mengikat yang dibuat dalam transaksi normal                    arm’s length transaction of similar assets or
     atas aset serupa atau harga pasar yang dapat diamati                observable market prices less incremental costs for
     dikurangi dengan biaya tambahan yang dapat                          disposing of the asset. The value in use calculation
     diatribusikan dengan pelepasan aset. Perhitungan                    is based on a discounted cash flow model. The
     nilai pakai didasarkan pada model arus kas yang                     future cash flow projection is for a period of ten
     didiskontokan. Arus kas diproyeksikan untuk sepuluh                 years and does not include restructuring activities
     tahun ke depan dan tidak termasuk aktivitas                         that the Group is not yet committed to or significant
     restrukturisasi yang belum ada perikatannya atau                    future investments that will enhance the asset’s
     investasi signifikan di masa depan yang akan                        performance of the CGU being tested. The
     meningkatkan kinerja dari CGU yang diuji. Jumlah                    recoverable amount is most sensitive to the discount
     terpulihkan paling sensitif terhadap tingkat diskonto               rate used for the discounted cash flow model as well
     yang digunakan untuk model arus kas yang                            as the expected future cash inflows and the growth
     didiskontokan seperti halnya dengan arus kas masuk                  rate used for extrapolation purposes.
     masa depan yang diharapkan dan tingkat
     pertumbuhan      yang    digunakan     untuk   tujuan
     ekstrapolasi.

     Ketidakpastian kewajiban perpajakan                                 Uncertainty of tax liabilities

     Dalam situasi tertentu, Grup tidak dapat menentukan                 In certain circumstances, the Group may not be able
     secara pasti jumlah liabilitas pajak mereka pada saat               to determine the exact amount of their current or
     ini atau masa depan karena proses pemeriksaan,                      future tax liabilities due to ongoing investigations by,
     atau     validasi   dengan      otoritas  perpajakan.               or negotiations with, the taxation authority.
     Ketidakpastian timbul terkait dengan interpretasi dari              Uncertainties exist with respect to the interpretation
     peraturan perpajakan yang kompleks dan jumlah                       of complex tax regulations and the amount and
     serta waktu dari penghasilan kena pajak di masa                     timing of future taxable income. In determining the
     depan. Dalam menentukan jumlah yang harus diakui                    amount to be recognized in respect of an uncertain
     terkait dengan liabilitas pajak yang tidak pasti, Grup              tax liability, the Group applies similar considerations
     menerapkan pertimbangan yang sama yang akan                         as they would use in determining the amount of a
     mereka gunakan dalam menentukan jumlah                              provision to be recognized in accordance with PSAK
     penyisihan yang harus diakui sesuai dengan PSAK                     237, “Provisions, Contingent Liabilities and
     237, “Provisi, Liabilitas Kontinjensi, dan Aset                     Contingent Assets”.
     Kontinjensi”.

     Grup membuat analisis untuk semua posisi pajak                      The Group makes an analysis of all tax positions
     terkait dengan pajak penghasilan untuk menentukan                   related to income taxes to determine if a tax liability
     jika terdapat liabilitas pajak yang harus diakui. Bunga             for unrecognized tax benefits should be recognized.
     dan denda untuk kekurangan pembayaran pajak                         Interest and penalties for the underpayment of
     penghasilan, jika ada, disajikan sebagai penghasilan                income tax, if any, are presented under other income
     (beban) lain-lain dalam laporan laba rugi dan                       (expenses) in the consolidated statement of profit or
     pendapatan komprehensif lain konsolidasian.                         loss and other comprehensive income.




                                                               49
Page 367
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

5.   PENGAMBILALIHAN      DAN     PERUBAHAN                       5.   ACQUISITION AND CHANGES OF OWNERSHIP
     KEPEMILIKAN PADA ENTITAS ANAK                                     IN SUBSIDIARIES

     a. PT Provices Indonesia (PVI)                                    a. PT Provices Indonesia (PVI)

        Berdasarkan Akta Notaris Ivonne Maria, S.H.,                         Based on the Notarial Deed No. 5 of Ivonne
        M.Kn., No. 5, tanggal 31 Januari 2025, PT Bakrie                     Maria, S.H., M.Kn., dated January 31, 2025,
        Swasakti Utama (BSU) melakukan konversi atas                         PT Bakrie Swasakti Utama (BSU) converted its
        piutangnya pada PVI sebesar Rp50 miliar menjadi                      receivables of PVI amounted to Rp50 billion into
        kepemilikan saham di PVI sebanyak 50.000                             shares of stocks at PVI totalling of 50,000
        saham. Sehingga kepemilikan BSU pada PVI                             shares. Therefore, BSU’s ownership at PVI
        menjadi 99,99%.                                                      became 99.99%.

        Perubahan komposisi kepemilikan saham tersebut                       The change in the composition of share
        disahkan oleh Kementerian Menteri Hukum dan                          ownership was approved by the Ministry of Law
        Hak    Asasi    Manusia  Republik    Indonesia                       and Human Rights of the Republic of Indonesia
        berdasarkan          Surat          Keputusan                        based    on     its Decision    Letter     No.
        No. AHU-0005979.AH.01.02.TAHUN 2025 tanggal                          AHU-0005979.AH.01.02.TAHUN 2025 dated
        3 Februari 2025.                                                     February 3, 2025.

     b. PT Gili Tirta Anugerah (GTA)                                   b. PT Gili Tirta Anugerah (GTA)
        Pada tanggal 24 Juni 2025, Perusahaan                                On June 24, 2025, the Company converted other
        melaksanakan konversi piutang lain-lain sebesar                      receivables     from   GTA     amounting      to
        Rp781,3 miliar dari GTA menjadi 15.626 saham                         Rp781.3 billion into 15,626 shares in GTA
        pada GTA yang mewakili kepemilikan sebesar                           representing 99.05% ownership. As a result, the
        99,05%.     Dengan    demikian,     Perusahaan                       Company obtained control over GTA and has
        memperoleh pengendalian atas GTA dan telah                           been consolidated into the Group’s consolidated
        dikonsolidasikan ke dalam laporan keuangan                           financial statements.
        konsolidasian Grup.

        Nilai wajar aset dan liabilitas GTA yang dapat                       The fair values of the identifiable assets and
        diidentifikasi pada tanggal pengambilalihan adalah                   liabilities of GTA at the date of acquisition is as
        sebagai berikut:                                                     follows:

                                                         Juni/June 2025
        Biaya pengambilalihan                                     781.300                                   Cost of acquisition
        Nilai wajar dari aset yang dapat
        diidentifikasi                                                                        Fair value of identifiable assets
        Piutang lain-lain - pihak ketiga                           28.090                      Other receivables - third parties
        Tanah untuk pengembangan                                  765.770                                Land for development
        Total aset yang diidentifikasi                            793.860                                Total identifiable assets
        Nilai wajar dari liabilitas yang
        dapat diidentifikasi                                                                Fair value of identifiable liabilities
        Utang lain-lain - pihak ketiga                                  14                         Other payables - third parties
        Kepentingan nonpengendeli                                      445                             Non-controlling interest
        Nilai wajar dari aset neto yang
            dapat diidentifikasi                                  793.401          Fair value of identifiable net assets acquired
        Laba atas pembelian diskon                                 12.101                           Gain on bargain purchase


        Selisih lebih nilai wajar terhadap harga perolehan                   The excess of the fair value of the acquisition of
        atas 99,05% saham GTA adalah sebesar                                 99.05% shares of GTA over the acquisition cost
        Rp12,1 miliar disajikan sebagai laba atas                            amounted to Rp12.1 billion, which is presented
        pembelian diskon dalam laporan laba rugi dan                         as gain on bargain purchase in the consolidated
        penghasilan komprehensif konsolidasian.                              statements of profit or loss and other
                                                                             comprehensive income.


                                                             50
Page 368
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

5.   PENGAMBILALIHAN      DAN     PERUBAHAN                       5.   ACQUISITION AND CHANGES OF OWNERSHIP
     KEPEMILIKAN PADA ENTITAS ANAK (Lanjutan)                          IN SUBSIDIARIES (Continued)

       Selisih lebih harga perolehan terhadap nilai wajar                The excess of acquisition cost over the fair value
       atas perolehan 99,05% saham GTA adalah                            of the acquisition of 99.05% shares of GTA
       sebesar Rp653,4 miliar disajikan sebagai bagian                   amounted to Rp653.4 billion, which is presented
       penambahan tanah untuk pengembangan yang                          as part of addition to land for development, which
       merupakan aset yang dapat diidentifikasi                          is an identifiable asset (Note 13).
       (Catatan 13).

       Keuntungan dari pembelian dengan diskon yang                      The gain on bargain purchase arising from the
       timbul dari kombinasi bisnis disebabkan oleh                      business combination resulted from the
       imbalan yang dialihkan lebih rendah daripada nilai                consideration transferred being lower than the
       wajar aset bersih teridentifikasi.                                fair value of the identifiable net assets.

       Pembelian dengan diskon telah diakui secara                       The bargain purchase has been appropriately
       tepat sebagai hasil dari perubahan strategi                       recognized as a result of the change in the
       komersial bisnis pemegang saham GTA                               business commercial strategy of GTA’s former
       sebelumnya.                                                       shareholders.

       Untuk       mendapatkan     substansi     transaksi               To reflect the substance of the transaction in
       berdasarkan PSAK 103 “Kombinasi Bisnis”, aset                     accordance     with   PSAK     103    "Business
       teridentifikasi yang diperoleh dan liabilitas yang                Combinations", the identifiable assets acquired
       diambil alih dari GTA pada transaksi ini harus                    and liabilities assumed from GTA in this
       diukur pada nilai wajarnya. Nilai wajar diukur                    transaction were measured at their fair values.
       berdasarkan penilaian yang dilakukan oleh penilai                 The fair values were determined based on a
       independen, Kantor Jasa Penilai Publik (“KJPP”)                   valuation performed by an independent
       Febriman Siregar dan Rekan, sebagaimana                           appraiser, Kantor Jasa Penilai Publik (“KJPP”)
       tercantum       dalam    laporannya     tertanggal                Febriman Siregar dan Rekan, as set out in its
       2 Mei 2025.                                                       report dated May 2, 2025.

       Biaya yang terkait dengan akuisisi sebesar                        Acquisition-related   costs     amounting   to
       Rp306,0 juta telah dibebankan dan diakui pada                     Rp306.0 million were expensed and recognized
       beban umum dan administrasi pada laporan laba                     in general and administrative expenses in the
       rugi untuk tahun yang berakhir pada tanggal                       statement of profit or loss for the year ended
       31 Desember 2025.                                                 December 31, 2025.

       Manajemen     berpendapat       bahwa     transaksi               Management believes that the business
       kombinasi bisnis yang dilakukan oleh Grup telah                   combination transaction carried out by the Group
       sesuai dengan peraturan yang dikeluarkan oleh                     was in compliance with regulations issued by the
       Otoritas Jasa Keuangan (OJK). Kombinasi bisnis                    Financial Services Authority (OJK). The business
       yang dilakukan oleh Grup bertujuan untuk                          combination undertaken by the Group was
       mencapai diversifikasi dan integrasi operasional.                 intended to       achieve    diversification and
                                                                         operational integration.

     c. PT Nirwana Estate Management (NEM)                             c. PT Nirwana Estate Management (NEM)

       Berdasarkan Akta Notaris No. 19 oleh Nitra Reza,                  Based on the Notarial Deed No. 19 of Nitra
       S.H., M.Kn., tanggal 17 November 2025,                            Reza, S.H., M.Kn., dated November 17, 2025,
       Perusahaan dan PT Andrasentra Properti                            the Company and PT Andrasentra Properti
       Services mendirikan NEM dan telah disetujui oleh                  Services established NEM and was approved by
       Kementerian Hukum dan Hak Asasi Manusia                           the Ministry of Law and Human Rights of the
       Republik Indonesia berdasarkan Surat Keputusan                    Republic of Indonesia based on its Decision
       No. AHU-0099982.AH.01.01 Tahun 2025 tanggal                       Letter No. AHU-0075591.AH.01.01 Year 2025
       20 November 2025.                                                 dated November 20, 2025.




                                                             51
Page 369
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

5.   PENGAMBILALIHAN      DAN     PERUBAHAN                      5.   ACQUISITION AND CHANGES OF OWNERSHIP
     KEPEMILIKAN PADA ENTITAS ANAK (Lanjutan)                         IN SUBSIDIARIES (Continued)

     d. PT Graha Istana Nirwana (GIN)                                 d. PT Graha Istana Nirwana (GIN)

       Berdasarkan Pernyataan Keputusan Pemegang                        Based on the Shareholders' Decision Statement,
       Saham yang dinyatakan dalam Akta Notaris No.                     in Notarial Deed No. 74 of Umi Chalsum S.H.,
       74 oleh Umi Chalsum S.H., M.Kn., tanggal                         M.Kn., dated December 16, 2024, the
       16 Desember 2024, para pemegang saham                            shareholders approved the takeover of PT Graha
       menyetujui pengambilalihan PT Graha Istana                       Istana Nirwana (GIN) through the conversion of a
       Nirwana (GIN) melalui konversi piutang dari                      receivable from PT Mutiara Masyhur Sejahtera
       PT Mutiara Masyhur Sejahtera (MMS), Entitas                      (MMS),      a     Subsidiary,   amounting     to
       Anak, sebesar Rp93,69 miliar menjadi investasi                   Rp93.69 billion into an investment in new shares
       dalam saham baru di GIN sebanyak 637.000                         of GIN, totaling 637,000 shares or 100% of
       lembar saham atau 100% kepemilikan.                              ownership.

       Selisih lebih harga perolehan terhadap nilai wajar               The excess of acquisition cost over the fair value
       atas pengambilalihan GIN adalah sebesar                          of the takeover of GIN amounted to
       Rp13,28 miliar, disajikan sebagai penambah tanah                 Rp13.28 billion is presented as an addition to
       pada aset tetap yang merupakan aset yang dapat                   fixed asset, which is an identifiable asset
       diidentifikasi (Catatan 16).                                     (Note 16).

        Berdasarkan     Pernyataan    Keputusan   Para                  Based on the Statement of Shareholders'
        Pemegang Saham No. 88, tanggal 27 Mei 2025                      Decision No. 88, dated May 27, 2025, which has
        yang telah diaktakan oleh Akta Notaris Umi                      been notarized by Notary Umi Chalsum, S.H.,
        Chalsum, S.H., M.Kn., MMS telah mengalihkan                     M.Kn., MMS transferred its shares ownership in
        kepemilikan    sahamnya    di    GIN    kepada                  GIN to PT Nugraha Adhikarsa Pratama
        PT Nugraha Adhikarsa Pratama sebanyak 7.154                     amounting to 7,154 shares with a nominal value
        lembar saham dengan nilai nominal sebesar                       of Rp130 thousand. Therefore, the ownership of
        Rp130 ribu. Sehingga kepemilikan MMS pada GIN                   MMS in GIN becomes 98.88%.
        menjadi 98,88%.

     e. PT Maju Makmur Sejahtera (MMSJ)                               e. PT Maju Makmur Sejahtera (MMSJ)

       Berdasarkan     Pernyataan   Keputusan   Para                    Based on the Statement of Shareholders’
       Pemegang Saham yang telah diaktakan oleh                         Decision which has been Notarized by Umi
       Notaris Umi Chalsum, S.H., M.Kn., No. 43                         Chalsum, S.H., M.Kn., No. 43 dated
       tertanggal 9 September 2025, PT Pradana Tunas                    September 9, 2025, PT Pradana Tunas
       Dinamika (PDP) telah mengalihkan sahamnya di                     Dinamika (PDP) transferred its shares ownership
       MMSJ, Entitas Anak, ke PT Nugraha Adhikarsa                      in MMSJ, a Subsidiary, to PT Nugraha Adhikarsa
       Pratama (NAP), Entitas Anak, sebanyak 490                        Pratama     (NAP),       a     Subsidiary,   of
       lembar saham dengan nilai pengalihan sebesar                     490 shares with transfer value amounting to
       Rp490 juta. Sehingga kepemilikan NAP pada                        Rp490 million. Therefore, NAP’s ownership at
       MJMS menjadi 1%.                                                 MJMS becomes 1%.

        Perubahan komposisi kepemilikan saham tersebut                  The change in the composition of share
        telah disahkan oleh Kementerian Hukum dan Hak                   ownership was approved by the Ministry of Law
        Asasi      Manusia      Republik     Indonesia                  and Human Rights of the Republic of Indonesia
        berdasarkan       Surat     Keputusan      No.                  based    on    its  Decision    Letter     No.
        AHU-0061685.AH.01.02.Tahun      2025   tanggal                  AHU-0061685.AH.01.02. Year 2025 dated
        12 September 2025.                                              September 12, 2025.

     f. PT Megah Djati Karya (MDK)                                    f. PT Megah Djati Karya (MDK)

       Berdasarkan    Pernyataan    Keputusan      Para                 Based on the Statement of Shareholders’
       Pemegang Saham yang telah diaktakan oleh                         Decision which has been Notarized by Umi
       Notaris Umi Chalsum, S.H., M.Kn., No. 44 tanggal                 Chalsum, S.H., M.Kn., No. 44 dated
       9 September 2025, PDP telah mengalihkan                          September 9, 2025, PDP has transferred its
       sahamnya di MDK, Entitas Anak ke NAP, Entitas                    share ownership in MDK, a Subsidiary, to NAP, a
       Anak sebanyak 35.000 lembar saham dengan nilai                   Subsidiary, of 35.000 shares with transfer value
       pengalihan sebesar Rp35 juta. Sehingga                           amounting to Rp35 million. Therefore, NAP’s
       kepemilikan NAP pada MDK menjadi 1%.                             ownership at MDK becomes 1%.




                                                            52
Page 370
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

5.   PENGAMBILALIHAN      DAN     PERUBAHAN                     5.   ACQUISITION AND CHANGES OF OWNERSHIP
     KEPEMILIKAN PADA ENTITAS ANAK (Lanjutan)                        IN SUBSIDIARIES (Continued)

        Perubahan komposisi kepemilikan saham tersebut                    The change in the composition of share
        telah disahkan oleh Kementerian Hukum dan Hak                     ownership was approved by the Ministry of Law
        Asasi Manusia Republik Indonesia berdasarkan                      and Human Rights of the Republic of Indonesia
        Surat        Keputusan         No.       AHU-                     based      on     its    Decision       Letter
        0061672.AH.01.02.Tahun        2025     tanggal                    No. AHU-0061672.AH.01.02. Year 2025 dated
        12 September 2025.                                                September 12, 2025.

     g. PT Inti Permata Sejati (IPS)                                 g. PT Inti Permata Sejati (IPS)

        Berdasarkan    Pernyataan    Keputusan      Para                  Based on the Statement of Shareholders’
        Pemegang Saham yang telah diaktakan oleh                          Decision which has been Notarized by Umi
        Notaris Umi Chalsum, S.H., M.Kn., No. 45 tanggal                  Chalsum, S.H., M.Kn., No. 45 dated
        9 September 2025, PDP mengalihkan sahamnya                        September 9, 2025, PDP transferred its share
        di IPS, Entitas Anak, ke NAP, Entitas Anak,                       ownership in IPS, a Subsidiary, to NAP, a
        sebanyak 1.121 lembar saham dengan nilai                          Subsidiary, of 1.121 shares with transfer value
        pengalihan sebesar Rp 1,12 miliar. Sehingga                       amounting to Rp1.12 billion. Therefore, NAP’s
        kepemilikan NAP pada IPS menjadi 1%.                              ownership at IPS becomes 1%.

        Perubahan komposisi kepemilikan saham tersebut                    The change in the composition of share
        disahkan oleh Kementerian Hukum dan Hak Asasi                     ownership was approved by the Ministry of Law
        Manusia Republik Indonesia berdasarkan Surat                      and Human Rights of the Republic of Indonesia
        Keputusan No. AHU-0061677.AH.01.02.Tahun                          based on its Decision Letter No. AHU-
        2025 tanggal 12 September 2025.                                   0061677.AH.01.02.     Year    2025      dated
                                                                          September 12, 2025.

     h. PT Mitra Langgeng Sejahtera (MLS)                            h. PT Mitra Langgeng Sejahtera (MLS)

        Berdasarkan    Pernyataan    Keputusan      Para                  Based on the Statement of Shareholders’
        Pemegang Saham yang telah diaktakan oleh                          Decision which has been Notarized by Umi
        Notaris Umi Chalsum, S.H., M.Kn., No. 46 tanggal                  Chalsum, S.H., M.Kn., No. 46 dated
        9 September 2025, PDP mengalihkan sahamnya                        September 9, 2025, PDP transferred its share
        di MLS, Entitas Anak, ke NAP, Entitas Anak,                       ownership in MLS, a Subsidiary, to NAP, a
        sebanyak 40 lembar saham dengan nilai                             Subsidiary, of 40 shares with transfer value
        pengalihan sebesar Rp40 juta. Sehingga                            amounting to Rp40 million. Therefore, NAP’s
        kepemilikan NAP pada MLS menjadi 0,09%.                           ownership at MLS becomes 0,09%.

        Perubahan komposisi kepemilikan saham tersebut                    The change in the composition of share
        disetujui oleh Kementerian Hukum dan Hak Asasi                    ownership was approved by the Ministry of Law
        Manusia Republik Indonesia berdasarkan Surat                      and Human Rights of the Republic of Indonesia
        Keputusan No. AHU-0061695.AH.01.02.Tahun                          based      on     its    Decision       Letter
        2025 tanggal 12 September 2025.                                   No. AHU-0061695.AH.01.02. Year 2025 dated
                                                                          September 12, 2025.

     i. PT Nugraha Adhikarsa Pratama (NAP)                           i.   PT Nugraha Adhikarsa Pratama (NAP)

        Berdasarkan    Pernyataan    Keputusan      Para                  Based on the Statement of Shareholders’
        Pemegang Saham yang telah diaktakan oleh                          Decision which has been Notarized by Umi
        Notaris Umi Chalsum, S.H., M.Kn., No. 47 tanggal                  Chalsum, S.H., M.Kn., No. 47 dated
        9 September 2025, PDP telah mengalihkan                           September 9, 2025, PDP has transferred it’s
        sahamnya di NAP, Entitas Anak ke IPS, Entitas                     share ownership in NAP, a Subsidiary to IPS, a
        Anak sebanyak 45.100 lembar saham dengan nilai                    Subsidiary of 45,100 shares amounted to
        pengalihan sebesar Rp451 juta. Sehingga                           Rp451 million. Therefore, IPS’ ownership at MLS
        kepemilikan IPS pada MLS menjadi 1%.                              became 1%.

        Perubahan komposisi kepemilikan saham tersebut                    The change in the composition of share
        disahkan oleh Kementerian Hukum dan Hak Asasi                     ownership was approved by the Ministry of Law
        Manusia Republik Indonesia berdasarkan Surat                      and Human Rights of the Republic of Indonesia
        Keputusan No. AHU-0061696.AH.01.02.Tahun                          based      on     its    Decision       Letter
        2025 tanggal 12 September 2025.                                   No. AHU-0061696.AH.01.02. Year 2025 dated
                                                                          September 12, 2025.




                                                           53
Page 371
PT BAKRIELAND DEVELOPMENT Tbk                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                  DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan         (Expressed in millions of Rupiah, unless otherwise
lain)                                                      stated)

6.   KAS DAN SETARA KAS                                     6.   CASH AND CASH EQUIVALENTS

                                            2025                 2024
     Kas                                                                                         Cash on hand
     Rupiah                                    1.020                 892                               Rupiah
     Kas di bank                                                                                 Cash in banks
        Dalam Rupiah                                                                              In Rupiah
        PT Bank Mandiri                                                                     PT Bank Mandiri
            (Persero) Tbk                     40.718               13.971                  (Persero) Tbk
        PT Bank Rakyat Indonesia                                                  PT Bank Rakyat Indonesia
            (Persero) Tbk                     19.663               19.670                  (Persero) Tbk
        PT Bank Central Asia Tbk               9.813               12.482          PT Bank Central Asia Tbk
        PT Bank Negara Indonesia                                                  PT Bank Negara Indonesia
            (Persero) Tbk                      4.419               15.611                  (Persero) Tbk
        PT Bank DKI Syariah                    3.680                7.274              PT Bank DKI Syariah
        PT Bank Syariah Unisia Insan                                           PT Bank Syariah Unisia Insan
            Indonesia                          2.860                    -                      Indonesia
        PT Bank Perkreditan Rakyat                                              PT Bank Perkreditan Rakyat
            Delta Artha (Perseroda)            2.163                2.278        Delta Artha (Perseroda)
        PT Bank Tabungan                                                                 PT Bank Tabungan
            Negara (Persero) Tbk               1.509                3.319          Negara (Persero) Tbk
        PT Bank Mayapada                                                                 PT Bank Mayapada
            International Tbk.                 1.247                  701              International Tbk.
        PT Bank KB Indonesia Tbk                 148                1.196         PT Bank KB Indonesia Tbk
        Lain-lain (masing-masing                                                         Others (each below
            di bawah Rp1 miliar)               1.212                1.625                  of Rp1 billion)
        Subtotal                              87.432               78.127                           Subtotal
        Dalam Dolar Amerika Serikat                                                             In US Dollar
        PT Bank Mandiri                                                                     PT Bank Mandiri
            (Persero) Tbk                        252                    -                  (Persero) Tbk
        Lain-lain (masing-masing                                                         Others (each below
            di bawah Rp100 juta)                 141                 162                of Rp100 million)
        Subtotal                                 393                 162                            Subtotal
        Total kas di bank                     87.825               78.289                Total cash in banks
     Setara Kas                                                                                Cash Equivalents
     Deposito berjangka                                                                           Time deposits
        Dalam Rupiah                                                                               In Rupiah
        PT Bank Rakyat Indonesia                                                  PT Bank Rakyat Indonesia
             (Persero) Tbk                    30.600                6.500                   (Persero) Tbk
        PT Bank Mandiri                                                                      PT Bank Mandiri
            (Persero) Tbk                      9.900               14.500                   (Persero) Tbk
        PT Bank Negara Indonesia                                                 PT Bank Negara Indonesia
            (Persero) Tbk                      1.200                    -                   (Persero) Tbk
        PT Bank Tabungan                                                                  PT Bank Tabungan
             Negara (Persero) Tbk                    62            10.211          Negara (Persero) Tbk
        PT Bank Perkreditan Rakyat                                               PT Bank Perkreditan Rakyat
             Delta Artha (Perseroda)                  -             2.000         Delta Artha (Perseroda)
        PT Bank KB Indonesia Tbk                      -             1.200         PT Bank KB Indonesia Tbk
        Total deposito berjangka              41.762               34.411                Total time deposits
     Total                                   130.607              113.592                                 Total




                                                      54
Page 372
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

6.   KAS DAN SETARA KAS (Lanjutan)                               6.   CASH AND CASH EQUIVALENTS (Continued)

     Pada tanggal 31 Desember 2025 dan 2024, kisaran                  As of December 31, 2025 and 2024, the range of
     tingkat suku bunga tahunan untuk deposito berjangka              annual interest rates for time deposits in Rupiah is
     dalam Rupiah adalah masing-masing antara 2,0%                    between 2.0 % to 4.0% and 1.5% to 6.0%,
     sampai dengan 4,0% dan 1,5% sampai dengan 6,0%.                  respectively.

     Semua kas di bank ditempatkan pada bank pihak                    All cash in banks is placed with the third-party
     ketiga.                                                          banks.


7.   PIUTANG USAHA                                              7.    TRADE RECEIVABLES

                                                 2025                  2024
     Pihak ketiga                                                                                               Third parties
        Penyewaan dan pengelolaan                                                           Tenants and management
            ruang perkantoran                     202.892              202.152                      of office spaces
        Penjualan tanah, rumah                                                            Sales of land, residential and
            dan apartemen                          86.493                84.342                            apartment
        Penyewa ruang, lapangan                                                                Tenants of room, courts
            dan iuran keanggotaan                  30.149                31.724              and membership fees
        Penyewa ruang                                                                                  Tenants of units
            apartemen                              24.432                24.365                        of apartment
        Hotel                                      11.056                16.503                                    Hotel
        Penjualan unit perkantoran                  2.322                15.354                      Sales of office unit
         Total pihak ketiga                       357.344              374.440                       Total third parties
         Dikurangi cadangan kerugian                                                     Less allowance for impairment
            penurunan nilai                       101.491                98.107                              losses
     Pihak ketiga - neto                          255.853              276.333                            Third parties - net

     Pihak berelasi (Catatan 38a)                                                               Related parties (Note 38a)
        Penyewaan dan pengelolaan                                                           Tenants and management
            ruang perkantoran                     118.108              117.057                      of office spaces
        Penjualan tanah, rumah                                                            Sales of land, residential and
            dan apartemen                          10.854                11.424                            apartment
        Penyewa ruang, lapangan dan                                                            Tenants of room, courts
            iuran keanggotaan                       3.510                 2.298              and membership fees
        Penjualan unit perkantoran                  2.004                 5.883                      Sales of office unit
     Total pihak berelasi                         134.476              136.662                         Total related parties
     Dikurangi cadangan kerugian                                                             Less allowance for impairment
        penurunan nilai                            79.399                80.531                                  losses
     Pihak berelasi - neto                         55.077                56.131                        Related parties - net
     Total                                        310.930              332.464                                         Total


     Seluruh piutang usaha Grup dalam denominasi mata                 All trade receivables of the Group are denominated
     uang Rupiah.                                                     in Rupiah currency.

     Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024 trade
     piutang usaha PT Provices Indonesia, PT Graha Multi              receivables of PT Provices Indonesia, PT Graha
     Insani dan PT Bumi Daya Makmur, Entitas Anak                     Multi Insani and PT Bumi Daya Makmur,
     digunakan sebagai jaminan atas pinjaman yang                     Subsidiaries, were pledged as collateral for a loan
     diperoleh dari PT Bank DKI Syariah (Catatan 20a),                obtained from PT Bank DKI Syariah (Note 20a),
     PT BPR Syariah Hijra Alami (Catatan 20b) dan                     PT BPR Syariah Hijra Alami (Note 20b) and
     PT Bank Tabungan Negara (Persero) Tbk (Catatan                   PT Bank Tabungan Negara (Persero) Tbk
     19b dan 27d).                                                    (Notes 19b and 27d).


                                                           55
Page 373
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

7.   PIUTANG USAHA (Lanjutan)                                   7.   TRADE RECEIVABLES (Continued)

     Rincian piutang usaha berdasarkan umur piutang                  The summary of aging schedule of trade receivables
     adalah sebagai berikut:                                         is as follows:

                                                  2025               2024
     Sampai dengan 60 hari                         30.253              44.753                              Up to 60 days
     61 hari sampai 90 hari                        25.826              11.524                         61 days to 90 days
     Lebih dari 90 hari                           435.741             454.825                         More than 90 days
     Total                                        491.820             511.102                                      Total
     Dikurangi cadangan kerugian                                                                     Less allowance for
        penurunan nilai                           180.890             178.638                      impairment losses
     Neto                                         310.930             332.464                                         Net

     Mutasi atas cadangan penurunan nilai piutang usaha              The changes in the allowance for impairment losses
     adalah sebagai berikut:                                         of trade receivables are as follows:

                                                  2025               2024
     Saldo awal tahun                             178.638             182.599              Beginning balance of the year
     Pemulihan penyisihan                                                                          Reversal of provision
        (Catatan 36)                                (2.993)           (10.890)                             (Note 36)
     Penambahan penyisihan                                                                          Addition of provision
        (Catatan 34b)                                5.245              6.933                             (Note 34b)
     Reklasifikasi                                       -                 (4)                          Reclassification
     Saldo akhir tahun                            180.890             178.638               Ending balance of the year

     Grup menerapkan simplifikasi kerugian ekspektasian              The Group applies simplified lifetime expected credit
     sepanjang umurnya untuk piutang usaha. Untuk                    loss for trade receivables. To measure the expected
     mengukur kerugian kredit ekspektasian, piutang                  credit losses, trade receivables have been grouped
     usaha telah dikelompokkan berdasarkan karakteristik             based on similar credit risk characteristics and days
     risiko kredit dan waktu jatuh tempo yang serupa.                past due.

     Seluruh piutang usaha Grup dalam denominasi mata                All of the Group’s trade receivables              are
     uang Rupiah.                                                    denominated in Rupiah currency.
     Manajemen Grup berkeyakinan bahwa cadangan                      The Group’s management believes that the
     kerugian penurunan nilai piutang usaha telah                    allowance for impairment losses of trade receivables
     memadai     untuk     menutup  kerugian  kredit                 is adequate to cover expected credit losses based
     ekspektasian berdasarkan hasil penelaahan atas                  on the review of the status of the receivables at the
     piutang pada akhir tahun.                                       end of the year.


8.   PIUTANG LAIN-LAIN                                          8.   OTHER RECEIVABLES

     a. Piutang lain-lain Jangka Pendek                              a. Short-term Other Receivables

                                                    2025               2024
        Pihak ketiga                                                                                        Third parties
           PT Manika Elok Cemerlang                  28.090                     -          PT Manika Elok Cemerlang
           PT Udang Tambak Agung                     15.422                     -           PT Udang Tambak Agung
           PT First Financo                           7.088                 9.511                   PT First Financo
           PT Andika Multi Karya                      5.569                 5.569              PT Andika Multi Karya
           PT DMS Investama                               -                 6.053                PT DMS Investama
           Lain-lain (masing-masing                                                              Others (each below
               di bawah Rp5 miliar)                  11.613              12.484                    of Rp5 billion)
        Total pihak ketiga                           67.782              33.617                          Total third parties


                                                           56
Page 374
PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

8.   PIUTANG LAIN-LAIN (Lanjutan)                              8.   OTHER RECEIVABLES (Continued)

                                                   2025               2024

        Dikurangi cadangan
           kerugian penurunan                                                                         Less allowance for
           nilai                                     6.386               3.272                     impairment losses
        Pihak ketiga - neto                         61.396              30.345                         Third parties - net

        Pihak berelasi (Catatan 38b)                                                         Related parties (Note 38b)
           PT Persija Jaya Jakarta                   4.730               4.700              PT Persija Jaya Jakarta
           PT Persija Jakarta Hebat                  3.020               3.000             PT Persija Jakarta Hebat
           PT Persija Jakarta Property               3.000               3.500           PT Persija Jakarta Property
           PT Petrocom Nuansa                                                                 PT Petrocom Nuansa
               Nusantara                             2.673               2.673                        Nusantara
        Total pihak berelasi                        13.423              13.873                       Total related parties
        Dikurangi cadangan
           kerugian penurunan                                                                         Less allowance for
           nilai                                     2.533               2.843                     impairment losses
        Pihak berelasi - neto                       10.890              11.030                       Related parties - net

        Total                                       72.286              41.375                                      Total


     b. Piutang Lain-lain Jangka Panjang                            b. Long-term Other Receivables

                                                   2025               2024

        Pihak ketiga                                                                                        Third parties
           PT Excel Properti Manajemen               2.191               2.180        PT Excel Properti Manajemen
           PT Halo Wisata Indonesia                  1.840               3.326            PT Halo Wisata Indonesia
           PT Prima Tonggak Inti Gemilang              777               2.673      PT Prima Tonggak Inti Gemilang
           PT Gili Tirta Anugerah                        -             781.314               PT Gili Tirta Anugerah
           Lain-lain (masing-masing                                                            Others (each below
               di bawah Rp2 miliar)                  1.447               1.291                    of Rp2 billion)
        Total pihak ketiga                           6.255             790.784                         Total third parties
        Dikurangi cadangan
           kerugian penurunan                                                                         Less allowance for
           nilai                                     1.151              11.466                     impairment losses
        Neto                                         5.104             779.318                                        Net

     Piutang pada PT Manika Elok Cemerlang merupakan                Receivables from PT Manika Elok Cemerlang are
     piutang PT Gili Tirta Anugerah (GTA), Entitas Anak             receivables of PT Gili Tirta Anugerah (GTA), a
     atas divestasi PT Bukit Jonggol Asri.                          Subsidiary, arising from PT Bukit Jonggol Asri
                                                                    divestment.
     Piutang pada PT Udang Tambak Agung merupakan                   Receivables from PT Udang Tambak Agung are
     piutang atas pengalihan uang muka pembelian tanah              receivables arising from the transfer of advances for
     milik MMS.                                                     purchase of land owned by MMS.
     Piutang pada PT First Financo merupakan piutang                Receivables from PT First Financo are receivables
     atas pengalihan uang muka pembelian tanah                      arising from the transfer of advances for purchase of
     milik GAP (Catatan 43e).                                       land owned by GAP (Note 43e).
     Piutang pada GTA merupakan piutang atas                        Receivables from GTA are receivables from the
     pengalihan 480 juta saham milik PT Graha                       transfer of 480 million shares owned by PT Graha
     Andrasentra Propertindo Tbk (GAP), Entitas Anak,               Andrasentra Propertindo Tbk (GAP), a Subsidiary, in
     dalam PT Bukit Jonggol Asri (Catatan 43e).                     PT Bukit Jonggol Asri (Note 43e).


                                                          57
Page 375
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

8.   PIUTANG LAIN-LAIN (Lanjutan)                                8.   OTHER RECEIVABLES (Continued)
     Pada tanggal 24 Juni 2025, para pemegang saham                   On June 24, 2025, the shareholders approved the
     menyetujui pelaksanaan konversi piutang GAP                      conversion of the GAP’s receivables from GTA into
     menjadi setoran modal saham pada GTA sebesar                     share capital amounting to Rp781.3 billion or
     Rp781,3 miliar atau 99,05% kepemilikan saham di                  99.05% share ownership in GTA.
     GTA.

     Mutasi penyisihan atas cadangan penurunan nilai                  The changes in the allowance for impairment losses
     piutang lain-lain jangka pendek dan jangka panjang               of short-term and long-term other receivables are as
     adalah sebagai berikut:                                          follows:

                                                  2025                 2024
     Saldo awal tahun                               17.581               27.597             Beginning balance of the year
     Pemulihan penyisihan (Catatan 36)             (10.724)             (14.107)           Reversal of provision (Note 36)
     Penambahan penyisihan
         (Catatan 36)                                   3.468             4.079             Addition of provision (Note 36)
     Piutang yang dihapuskan                                                  -                    Write-off of receivables
         selama tahun berjalan                           (255)                                          during the year
     Reklasifikasi                                          -                 12                           Reclassification
     Saldo akhir tahun                                 10.070           17.581                Ending balance of the year


     Seluruh piutang lain-lain Grup dalam denominasi                  All of the Group’s other receivables are denominated
     mata uang Rupiah.                                                in Rupiah currency.

     Manajemen Grup berkeyakinan bahwa cadangan                       The Group’s management believes that the
     kerugian penurunan nilai piutang telah memadai                   allowance for impairment of receivables is adequate
     untuk menutup kerugian kredit ekspektasian                       to cover expected credit losses based on the review
     berdasarkan hasil penelaahan atas piutang pada                   of the status of the receivables at the end of the
     akhir tahun.                                                     year.

9.   PERSEDIAAN                                                  9.   INVENTORIES

                                                  2025                 2024
     Rumah, apartemen dan                                                                            Residential houses,
        ruang perkantoran                                                                  apartment and office space
        dalam penyelesaian:                                                                       under construction:
        Bangunan*                                 286.990              320.898                               Building*
        Tanah                                      50.311               67.289                                   Land
     Tanah untuk dijual                            53.600               42.680                         Land held for sale
     Bangunan siap untuk dijual:                                                                  Building ready-for-sale:
        Apartemen                                 400.949              537.336                             Apartment
        Ruang perkantoran                         114.199               21.451                           Office space
        Rumah                                      59.501               47.469                     Residential house
     Hotel:                                                                                                         Hotel:
        Perlengkapan dan suku cadang                   26.750           19.977             Equipment and spare parts
        Makanan dan minuman                             1.451            1.279                   Food and beverages
     Total                                        993.751             1.058.379                                       Total
     Dikurangi cadangan kerugian
        penurunan nilai                                  424               917         Less allowance for decline in value
     Neto                                         993.327             1.057.462                                           Net


     *) Nilai bangunan dalam penyelesaian merupakan                   *) Value of building under construction represent
        nilai bangunan tersendiri tanpa nilai tanah.                     value of building only without value of land.


                                                            58
Page 376
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

9.   PERSEDIAAN (Lanjutan)                                          9.   INVENTORIES (Continued)

     Persediaan rumah, apartemen dan ruang perkantoran                   Inventories of residential houses, apartments and
     dalam penyelesaian pada tanggal 31 Desember 2025                    office spaces under construction as of December
     dan 2024 terutama dari PT Mutiara Masyhur                           31, 2025 and 2024, mainly consisted of PT Mutiara
     Sejahtera (MMS), Entitas Anak, atas proyek                          Masyhur Sejahtera (MMS), a Subsidiary, for the
     Kahuripan Nirwana yang berlokasi di Sidoarjo dan                    Kahuripan Nirwana project located in Sidoarjo and
     PT Graha Multi Insani (GMI), Entitas Anak, atas                     PT Graha Multi Insani (GMI), a Subsidiary, for the
     proyek Hadiningrat yang berlokasi di Yogyakarta.                    Hadiningrat project located in Yogyakarta. This
     Proyek ini dengan nama “Hadiningrat Terrace” sudah                  project under the name “Hadiningrat Terrace” has
     terikat dengan Perjanjian Pengikatan Jual Beli (PPJB)               been bound under the Land Sale and Purchase
     Tanah serta proyek Hadiningrat antara GMI dan                       BindingAgreement (PPJB), as well as Hadiningrat
     PT Yasa Patria Perkasa (YPP) pada tanggal                           project between GMI and PT Yasa Patria Perkasa
     25 September 2020.                                                  (YPP) on September 25, 2020.

     Perjanjian ini telah diperpanjang terakhir berdasarkan              This agreement was most recently extended based
     Addendum tanggal 17 Juni 2022.                                      on an Addendum dated June 17, 2022.

     Bangunan siap dijual berupa apartemen merupakan                     Buildings ready-for-sale in the form of apartments
     sisa unit dari proyek Apartemen Taman Rasuna dan                    are the remaining units from Taman Rasuna
     the Grove milik BSU, proyek Ocea Condotel milik                     Apartments and the Grove projects owned by BSU,
     BDM dan Aston Condotel milik GAP. Bangunan siap                     the Ocea Condotel project owned by BDM, and
     dijual berupa rumah yang terdiri dari rumah tinggal                 Aston Condotel owned by GAP. Buildings ready-for-
     dan rumah toko terutama dari sisa unit proyek                       sale in the form of houses consisting of residential
     Kahuripan Nirwana milik MMS. Bangunan siap dijual                   and shop houses, mainly represent the remaining
     berupa ruang perkantoran terutama merupakan sisa                    units from Kahuripan Nirwana project owned by
     unit dari proyek Bakrie Tower dan Lifestyle and                     MMS. Buildings ready-for-sale in the form office
     Entertainment Center milik BSU.                                     spaces mainly represent the remaining units from
                                                                         Bakrie Tower and Lifestyle and Entertainment
                                                                         Center projects owned by BSU.

     Pada tanggal 31 Desember 2025 dan 2024,                             As of December 31, 2025 and 2024, the
     reklasifikasi persediaan yang meliputi reklasifikasi ke             reclassification of inventories which includes
     dan dari akun aset lainnya, seperti aset tetap, uang                reclassifications to and from other asset accounts,
     muka      pembelian    tanah,  dan      tanah     untuk             such as fixed assets, advance for purchase of land,
     pengembangan, dikarenakan adanya perubahan                          and land for development, are due to changes in
     intensi manajemen atas penggunaan aset-aset                         management’s intention on the use of these assets.
     tersebut.

     Pada tahun 2025 dan 2024, GAP dan MMS, Entitas                      In 2025 and 2024 GAP and MMS, Subsidiaries,
     Anak melakukan pembatalan atas penjualan unit                       conducted their cancellation of unit sales to
     kepada pelanggan dan mencatat kerugian atas                         customers and recorded losses upon cancellation
     pembatalan tersebut masing - masing sebesar                         amounting to Rp1.14 billion and Rp356.94 million,
     Rp1,14 miliar dan Rp356,94 juta pada akun “Rugi                     respectively, on “Loss on Unit Cancellation of Sales
     atas Pembatalan Penjualan Unit Rumah dan                            of Residential and Apartment” accounts in the
     Apartemen” dalam laporan laba rugi dan penghasilan                  consolidated statements of profit and loss and other
     komprehensif lain konsolidasian.                                    comprehensive income.

     Manajemen Grup mengasuransikan bangunan siap                        The Group’s management insured the ready-for-sale
     untuk dijual terhadap risiko bencana alam dan risiko                buildings against the risks of natural disasters and
     lainnya kepada beberapa perusahaan asuransi pihak                   other risks with several third-party insurance
     ketiga, berdasarkan suatu paket polis dengan jumlah                 companies, based on a policy package with a total
     nilai pertanggungan keseluruhan masing-masing                       coverage      amount    of    Rp3.88    trillion and
     sebesar Rp3,88 triliun dan Rp2,20 triliun pada tanggal              Rp2.20 trillion as of December 31, 2025 and 2024
     31 Desember 2025 dan 2024. Manajemen Grup                           respectively. The Group’s management is confident
     berkeyakinan bahwa nilai pertanggungan tersebut                     that the sums insured were sufficient to cover
     adalah cukup untuk menutup kemungkinan kerugian                     possible losses on the insured assets. As of
     atas aset yang dipertanggungkan. Pada tanggal                       December 31, 2025 and 2024, the inventory of
     31 Desember 2025 dan 2024, persediaan beberapa                      certain Subsidiaries are not insured.
     Entitas Anak tertentu tidak diasuransikan.



                                                               59
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

9.   PERSEDIAAN (Lanjutan)                                      9.   INVENTORIES (Continued)

     Mutasi  penyisihan      atas   cadangan    kerugian             The changes in the allowance for decline in value of
     penurunan nilai persediaan adalah sebagai berikut:              inventories are as follows:

                                                  2025                2024
     Saldo awal tahun                                  917                 791               Beginning balance of the year
     Pemulihan penyisihan                                                                           Reversal of provisions
        (Catatan 36)                                  (493)                   -                              (Note 36)
     Penambahan penyisihan                                                                           Additions of provision
        (Catatan 36)                                       -               126                               (Note 36)
     Saldo akhir tahun                                 424                 917                Ending balance of the year


     Manajemen Grup berkeyakinan bahwa penyisihan                    The Group’s management believes that the
     kerugian penurunan nilai tersebut cukup untuk                   provision for decline in value of inventories is
     menutup kemungkinan kerugian yang timbul.                       adequate to cover possible losses.

     Tidak terdapat bunga pinjaman yang dikapitalisasi               There is no loan interest capitalized to inventories in
     pada persediaan pada tahun 2025 dan 2024.                       2025 and 2024.

     Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024 inventories of
     persediaan BSU, GAP, GMI, PVI dan BDM dijadikan                 BSU, GAP, GMI, PVI and BDM are pledged as
     agunan atas utang bank yang diperoleh dari PT Bank              collateral  for   bank   loans   obtained    from
     Mayapada Internasional Tbk (Catatan 19a), PT Bank               PT Bank Mayapada Internasional Tbk (Note 19a),
     Tabungan Negara (Persero) Tbk (Catatan 19b dan                  PT Bank      Tabungan    Negara     (Persero) Tbk
     27d), PT Bank KB Indonesia Tbk. (Catatan 27b),                  (Notes 19b dan 27d), PT Bank KB Indonesia Tbk.
     PT BPR Intidana Sukses Makmur (Catatan 27h),                    (Note 27b), PT BPR Intidana Sukses Makmur
     PT BPR Hariarta Sedana (Catatan 27f) dan PT Bank                (Note 27h), PT BPR Hariarta Sedana (Note 27f) and
     KB Syariah Bukopin (Catatan 28a).                               PT Bank KB Syariah Bukopin (Note 28a).


10. BEBAN DIBAYAR DIMUKA DAN UANG MUKA                          10. PREPAID EXPENSES AND ADVANCES

                                                  2025                2024
     Uang muka kepada pemasok                       20.937              40.754                      Advances to suppliers
     Uang muka karyawan                             16.399               3.419                    Advances for employees
     Asuransi dibayar di muka                        4.581               3.978                         Prepaid insurance
     Lain-lain (masing-masing                                                                         Others (each below
         di bawah Rp2 miliar)                       17.523              27.548                          of Rp2 billion)
     Total                                          59.440              75.699                                        Total


     Per 31 Desember 2025 dan 2024, uang muka kepada                 As of December 31, 2025 and 2024, advances to
     pemasok terutama merupakan uang muka untuk                      suppliers mainly represent advances for operational
     kegiatan    operasional      seperti    pembangunan             activities such as landed housing development and
     perumahan tapak dan jasa perbaikan. Uang muka                   repair services. Advances of landed housing
     pembangunan perumahan tapak masing-masing                       development amounting to Rp4.23 billion and
     sebesar Rp4,23 miliar dan Rp20,56 miliar pada                   Rp20.56 billion as of December 31, 2025 and 2024,
     tanggal 31 Desember 2025 dan 2024, dimiliki oleh                respectively is owned by PT Mutiara Masyhur
     PT Mutiara Masyhur Sejahtera (MMS), Entitas Anak,               Sejahtera (MMS), a Subsidiary, located in Sidoarjo,
     yang berlokasi di Sidoarjo, Jawa Timur.                         East Java.




                                                           60
Page 378
PT BAKRIELAND DEVELOPMENT Tbk                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                   DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan          (Expressed in millions of Rupiah, unless otherwise
lain)                                                       stated)

11. DANA DALAM PEMBATASAN                                   11. RESTRICTED FUNDS

                                                2025             2024
    Dalam Rupiah:                                                                                       In Rupiah:
       PT Bank Negara Indonesia                                                     PT Bank Negara Indonesia
           (Persero) Tbk                         21.088            20.890                   (Persero) Tbk
       PT Bank KB Indonesia Tbk                  10.398            10.398           PT Bank KB Indonesia Tbk
       PT Bank Rakyat Indonesia                                                     PT Bank Rakyat Indonesia
           (Persero) Tbk                          3.843             4.225                   (Persero) Tbk
       PT Bank Maybank Indonesia Tbk              2.163             2.163      PT Bank Maybank Indonesia Tbk
       PT Bank CIMB Niaga Tbk                       469             4.240            PT Bank CIMB Niaga Tbk
       Lain-lain (masing-masing                                                           Others (each below
           di bawah Rp2 miliar)                   1.157             1.765                   of Rp2 billion)
    Total                                        39.118            43.681                                      Total


   Pada tanggal 31 Desember 2025 dan 2024, kisaran              As of December 31, 2025 and 2024, the range of
   nisbah dan tingkat suku bunga tahunan untuk dana             annual nisbah and interest rates of restricted funds
   dalam pembatasan adalah masing-masing antara                 is between 3.50% to 3.75%.
   3,50% sampai dengan 3,75%.

   Dana dalam pembatasan terutama merupakan dana                Restricted funds mainly represent restricted funds on
   dalam pembatasan atas penjualan apartemen,                   the sales of apartments, condominiums and
   kondominium dan rumah melalui Kredit Kepemilikan             residences through the Apartment Loan Program
   Apartemen (KPA) dan Kredit Kepemilikan Rumah                 (KPA) and Housing Loan Program (KPR).
   (KPR).

   Dana dalam pembatasan pada PT Bank KB Indonesia              Restricted funds in PT Bank KB Indonesia Tbk
   Tbk terutama merupakan dana pembatasan milik                 mainly represents restricted funds owned by the
   Perusahaan sebesar Rp10,07 miliar pada tanggal               Company amounting to Rp10.07 billion as of
   31 Desember 2025 dan 2024, yang digunakan                    December 31, 2025 and 2024, which was used as
   sebagai jaminan atas pinjaman bank yang diperoleh            collateral for a bank loan obtained by BSU, a
   BSU, Entitas Anak (Catatan 19c dan 49a).                     Subsidiary (Notes 19c and 49a).


12. PENYERTAAN SAHAM                                        12. INVESTMENT IN SHARES OF STOCK

                                 Persentase Kepemilikan/
                                Percentage of Ownership
                              Angka Penuh / Full Amount              Nilai Tercatat/
                                  2025            2024              Carrying Value
                                   (%)             (%)           2025                2024
    Investasi Entitas                                                                                  Investment in
       Asosiasi                                                                                        Associates
    PT Lembu Nusantara                                                                            PT Lembu Nusantara
       Jaya                        51,00%          51,00%           17.064            17.064                  Jaya
    PT Jungleland Asia             38,14%          48,56%                -            23.117       PT Jungleland Asia
    Penyertaan dalam saham
      biasa yang tidak memiliki                                                              Investments in unquoted
         kuotasi pasar                                                                             ordinary shares
      PT Bakrie Nirwana                                                                          PT Bakrie Nirwana
         Semesta                                                   102.073           102.073            Semesta
      PT Jasa Sarana                                                   607               607        PT Jasa Sarana




                                                       61
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

12. PENYERTAAN SAHAM (Lanjutan)                                    12. INVESTMENT IN SHARES OF STOCK (Continued)

                                Persentase Kepemilikan/
                               Percentage of Ownership
                             Angka Penuh / Full Amount                      Nilai Tercatat/
                                 2025            2024                      Carrying Value
                                  (%)             (%)                   2025                2024
    Subtotal                                                             119.744            142.861                      Subtotal
    Dikurangi penyisihan                                                                                       Less allowance for
       penurunan nilai                                                                                          impairment on
       atas investasi                                                     17.064             17.064                investment
    Neto                                                                 102.680            125.797                           Net


   a. PT Jungleland Asia                                               a. PT Jungleland Asia
      Berdasarkan Akta Notaris No. 2 oleh Elizabeth                       Based     on     Notarial  Deed    No.    2    of
      Karina    Leonita,    S.H.,   M.Kn.,   tanggal                      Elizabeth Karina Leonita, S.H., M.Kn., dated
      1    Desember      2022,    pemegang    saham                       December 1, 2022, the shareholders of
      PT Jungleland Asia (JLA) menyetujui untuk                           PT Jungleland Asia (JLA) approved the
      konversi uang muka setoran modal dari                               conversion of the advances of stock subscription
      PT Adiprotek Envirodunia sebesar Rp251 miliar                       from PT Adiprotek Envirodunia amounted to
      menjadi 9.653.846.153 saham Seri B JLA atau                         Rp251 billion into 9,653,846,153 Series B shares
      setara dengan 51,44% kepemilikan saham JLA.                         of JLA or equivalent to a 51.44% ownership of
                                                                          shares in JLA.

      Berdasarkan Akta Notaris No. 104 oleh Elizabeth                     Based on Notarial Deed No. 104 of Elizabeth
      Karina     Leonita,     S.H.,   M.Kn.,    tanggal                   Karina     Leonita,    S.H.,     M.Kn.,     dated
      29 Desember 2025, pemegang saham JLA                                December 29, 2025, the shareholders of JLA
      menyetujui untuk konversi utang dari AE sebesar                     approved the conversion of payables due to AE
      Rp138,5 miliar menjadi tambahan saham AE di                         amounting to Rp138.5 billion into additional
      JLA. PT Graha Andrasentra Propertindo Tbk                           shares in JLA. As       PT Graha Andrasentra
      (GAP), Entitas Anak, tidak menambah modal                           Propertindo Tbk (GAP), a Subsidiary, did not
      sehingga persentase kepemilikan GAP terhadap                        participate in the capital increase, resulting in
      JLA terdilusi dari 48,56% menjadi 38,14%.                           GAP’s ownership percentage in JLA was diluted
                                                                          from 48.56% to 38.14%.

      Mutasi jumlah tercatat pada investasi entitas JLA                   Movement in the carrying amount of investment
      adalah sebagai berikut:                                             in JLA is as follows:

                                                   2025                   2024
       Saldo awal tahun                              23.117                 41.692                  Balance at beginning of year
       Bagian rugi neto                             (46.566)               (18.542)                              Share in net loss
       Bagian penghasilan (rugi)                                                                   Share in other comprehensive
          komprehensif lain                          23.449                      (33)                           income (loss)
       Saldo Akhir Tahun                                       -            23.117                      Balance at End of Year


      Berikut ini adalah ringkasan informasi keuangan                     The following table is the summarized financial
      JLA untuk tahun yang berakhir pada tanggal-                         information of JLA for the years ended
      tanggal 31 Desember 2025 dan 2024:                                  December 31, 2025 and 2024:

                                                   2025                  2024
       Total Aset                                  383.743               710.192                                  Total Assets
       Total Liabilitas                             77.902               372.708                                Total Liabilities
       Total Pendapatan                             27.854                36.177                                Total Revenue
       Rugi Neto                                  (231.628)              (38.183)                                     Net Loss




                                                          62
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

12. PENYERTAAN SAHAM (Lanjutan)                                  12. INVESTMENT IN SHARES OF STOCK (Continued)

   b. PT Lembu Nusantara Jaya                                        b. PT Lembu Nusantara Jaya

      Berdasarkan Akta Notaris Paulus Oliver Yoesoef,                   Based on Notarial Deed No. 421 of Paulus Oliver
      S.H., No. 421 tanggal 30 Desember 2014, GAP                       Yoesoef, S.H., dated December 30, 2014, GAP
      memiliki kepemilikan di PT Lembu Nusantara Jaya                   has 20.400 shares or 51% ownership in
      (LNJ) sebanyak 20.400 saham atau 51%.                             PT Lembu Nusantara Jaya (LNJ). Based on the
      Berdasarkan kesepakatan bersama antara                            agreement of shareholders, GAP does not have
      pemegang saham, GAP tidak mengendalikan                           control over the financial and operational aspects
      aspek keuangan dan operasional LNJ.                               of LNJ.
      Grup mencatat penyisihan penurunan nilai penuh                    The Group provided full impairment allowance on
      atas investasinya di LNJ terutama karena kerugian                 its investment in LNJ mainly due to the recurring
      berulang    yang     terjadi   pada   tahun-tahun                 losses incurred in previous years and the
      sebelumnya dan perlambatan ekonomi yang                           economic slowdown which significantly affected
      secara signifikan memengaruhi operasi entitas                     the operation of the associate.
      asosiasi.

   c. PT Bakrie Nirwana Semesta                                      c. PT Bakrie Nirwana Semesta

      Perusahaan       telah     mendivestasikan   80%                  The Company divested 80% of the share
      kepemilikan saham pada PT Bakrie Nirwana                          ownership in PT Bakrie Nirwana Semesta (BNS).
      Semesta (BNS). Berdasarkan Akta Notaris Danny                     Based on Notarial Deed No. 2 of Danny Wahyu
      Wahyu Setiawan, S.H., M.Kn., No. 2 tanggal                        Setiawan, S.H., M.Kn., dated October 30, 2019,
      30     Oktober     2019,     Perusahaan    memiliki               the Company has 82,623 shares or equivalent to
      kepemilikan saham sebanyak 82.623 saham atau                      20% of total ownership in BNS. Due to the
      setara 20% dari total kepemilikan pada BNS. Atas                  change in ownership, the Company no longer
      perubahan kepemilikan tersebut, Perusahaan                        has control over BNS.
      tidak lagi memiliki kendali terhadap BNS.

   d. PT Jasa Sarana                                                 d. PT Jasa Sarana

      Berdasarkan Akta Notaris Edwar S.H., No. 15                       Based on Notarial Deed No. 15 of Edwar, S.H.,
      tanggal 15 Agustus 2016, Perusahaan memiliki                      dated August 15, 2016, the Company has
      kepemilikan di JS sebanyak 3.324.523 saham                        3,324,523 shares or 3.76% ownership in JS.
      atau 3.76%.
      Berdasarkan Akta Notaris Hendra Carmana, S.T.,                    Based      on   Notarial  Deed    No.   5    of
      S.H., M.Kn., No. 5 tanggal 12 Januari 2023, para                  Hendra Carmana, S.T., S.H., M.Kn., dated
      pemegang saham JS menyetujui peningkatan                          January 12, 2023, JS shareholders agreed to
      modal dasar JS. Perusahaan tidak menambah                         increase the authorized capital of JS. The
      modal     sehingga     persentase    kepemilikan                  Company did not increase its investment so the
      Perusahaan terhadap JS terdilusi dari 3,76%                       Company’s ownership percentage in JS was
      menjadi 3,52%.                                                    diluted from 3.76% to 3.52%.
      Investasi pada BNS dan JS adalah saham yang                       Investments in BNS and JS represent unquoted
      tidak memiliki harga kuotasian, dan manajemen                     shares, and the Company's management
      Perusahaan meyakini bahwa nilai tercatatnya                       believes that their carrying amount reflects their
      telah mencerminkan nilai wajarnya.                                fair value.
      Pada tahun 2024, Perusahaan mengakui                              In 2024, the Company recognized a decline in
      penurunan nilai wajar investasinya di JS sebesar                  fair value of its investment in JS amounting to
      Rp32,64 miliar yang diakui dalam pendapatan                       Rp32.64      billion    recognized   in   other
      komprehensif lain pada laporan laba rugi dan                      comprehensive income in the consolidated
      penghasilan komprehensif lain konsolidasian. Nilai                statements of profit or loss and other
      wajar investasi di JS ditentukan menggunakan                      comprehensive income. The fair value of
      metode arus kas yang didiskonto.                                  investment in JS is determined using the
                                                                        discounted cash flow method.

   Pada tanggal 31 Desember 2025 dan 2024,                           As of December 31, 2025 and 2024, the Group’s
   manajemen Grup meyakini bahwa penurunan nilai                     management      believes    that  impairment    for
   untuk investasi pada entitas asosiasi telah memadai               investment in associates is adequate based on the
   berdasarkan hasil penelaahan atas penyertaan                      review of shareholdings in investment at the end of
   saham pada investasi pada akhir tahun.                            the year.


                                                            63
Page 381
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

13. TANAH UNTUK PENGEMBANGAN                                     13. LAND FOR DEVELOPMENT

   Rincian tanah untuk pengembangan berdasarkan                      The details of land for development based on
   lokasi adalah sebagai berikut:                                    location are as follows:

                                           2025                                  2024
                             Luas Tanah/                           Luas Tanah/
                              Land Area                             Land Area
                           (Dalam Ha/In Ha )                     (Dalam Ha/In Ha )
                            (Angka Penuh/          Total/         (Angka Penuh/          Total/
    Lokasi                   Full Amount )        Amount           Full Amount )        Amount                      Location

    Bogor, Jawa Barat               882,80         1.873.663              637,70         1.115.587         Bogor, West Java
    Kalianda, Lampung                                                                                        Kalianda, South
       Selatan                      350,63         1.010.055              350,63         1.010.055               Lampung
    Sidoarjo, Jawa Timur            329,84           541.802              333,10           548.030        Sidoarjo, East Java

    Total                         1.563,27         3.425.520            1.321,43         2.673.672                      Total


   Pada tahun 2025, penambahan tanah untuk                           In 2025, the additions to land for development
   pengembangan terutama mencakup, saldo awal milik                  include the beginning balance from GTA, which was
   GTA yang diambil alih pada tahun 2025 (Catatan 5b).               acquired in 2025 (Note 5b)

   Pada tahun 2025, penurunan tanah untuk                            In 2025, the decrease in land for development
   pengembangan terutama merupakan penjualan tanah                   primarily represents the sale of land covering an
   seluas 3,36 ha milik PT Mutiara Masyhur Sejahtera                 area of 3.36 hectares owned by PT Mutiara Masyhur
   yang terletak di Sidoarjo, Jawa Timur.                            Sejahtera, located in Sidoarjo, East Java

   Pada tahun 2024, penurunan tanah untuk                            In 2024, the decrease of land for development
   pengembangan terutama merupakan reklasifikasi                     mainly represents reclassification to inventories in
   tanah ke persediaan sehubungan dengan perubahan                   connection with the changes in management’s
   peruntukan manajemen atas penggunaan aset                         intention regarding the use of these assets, with a
   tersebut masing-masing seluas 1,36 ha dan 2,07 ha                 total area of 1.36 ha and 2.07 ha, respectively
   milik PT Mutiara Masyhur Sejahtera yang terletak di               owned by PT Mutiara Masyhur Sejahtera, located at
   Sidoarjo, Jawa Timur.                                             Sidoarjo, East Java.

   Pada tanggal 31 Desember 2025 dan 2024,                           As     of   December     31,    2025     and     2024
   tanah       untuk      pengembangan         milik                 land for development owned by PT Mutiara Masyhur
   PT Mutiara Masyhur Sejahtera, Entitas Anak, yang                  Sejahtera, a Subsidiary, which is located in Sidoarjo,
   berlokasi di Sidoarjo, Jawa Timur, dijadikan                      Jawa Timur, is pledged as collateral for short-term
   jaminan atas utang bank jangka pendek dan                         and long-term bank loans obtained from PT BPR
   jangka    panjang     yang     diperoleh     dari                 Delta Artha (Perseroda) (Note 27c), PT BPR
   PT BPR Delta Artha (Perseroda) (Catatan 27c),                     Intidana Sukses Makmur (Note 27h) and PT Bank
   PT BPR Intidana Sukses Makmur (Catatan 27h) dan                   Mayapada Internasional Tbk (Note 19a and 27a).
   PT Bank Mayapada Internasional Tbk (Catatan 19a
   dan 27a).

   Tidak terdapat kapitalisasi bunga pinjaman atas tanah             There  was     no   capitalized loan interest
   untuk pengembangan pada tahun yang berakhir pada                  on land for development for the years ended
   tanggal-tanggal 31 Desember 2025 dan 2024.                        December 31, 2025 and 2024.

   Manajemen Grup berkeyakinan bahwa tidak terdapat                  The Group’s management believes that there will be
   masalah dalam proses sertifikasi dan perpanjangan                 no issue in obtaining the land certificates and the
   hak atas tanah karena seluruh tanah diperoleh secara              extension of the land rights as all the land is legally
   sah dan didukung dengan bukti kepemilikan yang                    acquired and supported by sufficient evidence of
   memadai.                                                          ownership.




                                                            64
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

14. UANG MUKA PEMBELIAN TANAH                                     14. ADVANCE FOR PURCHASE OF LAND

   Pada tanggal 31 Desember 2025 dan 2024, uang                       As of December 31, 2025 and 2024, advances for
   muka pembelian terutama merupakan pembelian                        purchases mainly represent purchases of land
   tanah yang berlokasi di Sidoarjo, Jawa Timur terkait               located in Sidoarjo, East Java regarding the land
   pembayaran sebagian tanah masing-masing seluas                     partial payment with an area of 14,930 m2
   14.930 m2 milik PT Mutiara Masyhur Sejahtera                       respectively owned by PT Mutiara Masyhur
   (MMS), Entitas Anak, pembelian tanah yang berlokasi                Sejahtera (MMS), a Subsidiary, the purchase of land
   di Kecamatan Sawangan, Depok, Jawa Barat seluas                    located in Sub-district Sawangan, Depok, West Java
   149.744 m2 milik PT Citrasaudara Abadi (CSA),                      with an area of 149,744 m2 owned by
   Entitas Anak dan pembelian tanah yang berlokasi di                 PT Citrasaudara Abadi (CSA), a Subsidiary, and the
   Bogor, Jawa Barat seluas 86.360 m2 milik                           purchase of land that is located in Bogor, West Java
   Perusahaan.                                                        with an area of 86,360 m2 owned by the Company.


15. PROPERTI INVESTASI                                            15. INVESTMENT PROPERTIES
   Pada tanggal 31 Desember 2025 dan 2024, dalam                      As of December 31, 2025 and 2024, the Group’s
   properti investasi Grup terdapat bangunan dan                      investment properties included building and
   prasarana yang terdiri dari 43.103 m2 Wisma Bakrie,                improvements consisting of 43,103 m2 of Wisma
   17.946 m2 Bakrie tower, 6.784,25 m2 Media Walk,                    Bakrie, 17,946 m2 of Bakrie Tower, 6,784.25 m2 of
   2.565 m2 The Grove, dan 1.279,32 m2 Rasuna Office                  Media Walk, 2,565 m2 of The Grove, and
   Park. Juga terdapat area retail yang terdiri dari                  1,279.32 m2 of Rasuna Office Park. There were also
   7.216 m2 Pasar Kuliner, 1.420 m2 Taman Rasuna                      retail areas consisting of 7,216 m2 of Pasar Kuliner,
   Apartment, 499,67 m2 Kahuripan Office, 490 m2 Club                 1,420 m2 of Taman Rasuna Apartment, 499.67 m2
   House Mora Monroe, dan 86,64 m2 Tower 18th                         Kahuripan Office, 490 m2 Club House Mora Monroe,
   Apartment, yang disewakan kepada pihak ketiga dan                  and 86.64 m2 of Tower 18th Apartment, which were
   pihak berelasi di luar Grup berdasarkan perjanjian                 rented to third parties and related parties outside the
   sewa.                                                              Group based on rental agreements.

   Mutasi properti investasi adalah sebagai berikut:                  The movements in investment properties are as
                                                                      follows:

                                                   2025                 2024
    Biaya Perolehan                                                                                       Acquisition Costs
    Saldo awal                                         583.294           583.294                          Beginning balance
    Reklasifikasi                                       (1.424)                -                            Reclassification
    Pengurangan selama
       tahun berjalan                                     (605)                 -                  Deduction during the year
    Saldo akhir                                        581.265           583.294                              Ending balance
    Akumulasi Penyusutan                                                                        Accumulated Depreciation
    Saldo awal                                         167.730           155.120                       Beginning balance
    Penambahan selama tahun
       berjalan                                         12.940            12.610                     Addition during the year
    Pengurangan selama tahun
       berjalan                                           (209)                 -                  Deduction during the year
    Saldo akhir                                        180.461           167.730                              Ending balance
    Jumlah Tercatat                                    400.804           415.564                         Carrying Amounts


   Pendapatan sewa properti investasi yang diakui                     Rental    income     from    investment   properties
   untuk    tahun     yang   berakhir   pada   tanggal                recognized       for      the      years      ended
   31 Desember 2025 dan 2024 masing-masing sebesar                    December 31, 2025 and 2024 amounted to
   Rp7,93 miliar dan Rp4,74 miliar, dan disajikan                     Rp7.93 billion and Rp4.74 billion, respectively, and
   sebagai bagian dari penghasilan sewa perkantoran                   is presented as part of revenue from rental of office
   pada laporan laba rugi dan penghasilan komprehensif                spaces in the consolidated statements of profit or
   lain konsolidasian.                                                loss and other comprehensive income.



                                                             65
Page 383
PT BAKRIELAND DEVELOPMENT Tbk                                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                stated)

15. PROPERTI INVESTASI (Lanjutan)                                                        15. INVESTMENT PROPERTIES (Continued)
   Beban penyusutan untuk tahun 2025 dan 2024                                               Depreciation expenses during 2025 and 2024
   masing-masing sebesar Rp12,94 miliar dan                                                 amounted to Rp12.94 billion and Rp12.61 billion,
   Rp12,61 miliar, dan disajikan sebagai bagian dari                                        respectively, and are presented as part of “Cost of
   akun “Beban Pokok Pendapatan” dalam laporan laba                                         Revenues” account in the consolidated profit or loss
   rugi dan penghasilan komprehensif lain konsolidasian.                                    and other comprehensive income .
   Rincian penghapusan atas pembongkaran bangunan                                           The detail of the write-off from the demolition of
   pada properti investasi adalah sebagai berikut:                                          buildings under investment properties is as follows:

                                                                2025                          2024
    Biaya perolehan                                                    605                              -                            Acquisition costs
    Akumulasi penyusutan                                              (209)                             -                     Accumulated depreciation
    Rugi atas pembongkaran bangunan                                                                                 Loss on demolition of investment
       pada properti investasi - neto                                  396                              -                 property building – net

   Properti investasi diasuransikan terhadap risiko                                         Investment properties are insured against losses
   bencana alam, risiko kebakaran dan risiko lainnya                                        from natural disasters, fire and other risks along with
   bersama dengan aset tetap (Catatan 16).                                                  fixed assets (Note 16).
   Berdasarkan hasil penelaahan terhadap jumlah                                             Based on a review on the recoverable amount
   terpulihkan dari properti investasi, manajemen Grup                                      of the investment properties, the Group’s
   berkeyakinan bahwa tidak terdapat kejadian-kejadian                                      management believes that there are no events or
   atau perubahan-perubahan yang mengindikasikan                                            changes indicating asset impairment as of
   adanya penurunan nilai aset pada tanggal                                                 December 31, 2025 and 2024.
   31 Desember 2025 dan 2024.

16. ASET TETAP                                                                           16. FIXED ASSETS

                                                                                  2025
                                   Saldo                                                                                  Saldo
                                   Awal/                                                                                  Akhir/
                                 Beginning       Penambahan/     Akuisisi/           Pengurangan/     Reklasifikasi/     Ending
                                  Balance         Additions     Acquisition           Deductions     Reclassification    Balance
    Biaya Perolehan                                                                                                                              Acquisition Costs
    Pemilikan langsung                                                                                                                             Direct ownership
    Tanah                            400.630                -                 -                 -              (2.911)      397.719                             Land
    Bangunan dan                                                                                                                                       Buildings and
      prasarana                    1.139.675            6.432                 -                 -             12.599      1.158.706                improvements
    Kendaraan bermotor                24.209            1.932                 -               501                  -         25.640                   Motor vehicles
                                                                                                                                                    Machinery and
    Mesin dan peralatan              115.488            4.696                 -                54                   -       120.130                     equipment
    Perabotan dan                                                                                                                                   Office furniture,
      perlengkapan                                                                                                                                   fixtures, and
      kantor                         159.157            3.158             67                  446                   -       161.936                     equipment
    Subtotal                       1.839.159           16.218             67                1.001               9.688     1.864.131                         Subtotal
                                                                                                                                                       Assets under
    Aset bangun serah                                                                                                                           build and transfer
    Bangunan                         243.989                -                 -                 -                   -       243.989                         Buildings
    Aset hak-guna                                                                                                                                 Right-of-use asset
    Hak guna tanah                   207.227                -                 -                 -                   -       207.227                        Land right
    Aset dalam penyelesaian                                                                                                                Construction in-progress
    Bangunan                          22.816            7.681                 -                 -             (12.599)       17.898                          Buildings
    Perabotan dan perlengkapan                                                                                                         Office furniture, fixtures, and
      kantor                                 -              -                 -                 -                   -              -                    equipment
    Subtotal                         474.032            7.681                 -                 -             (12.599)      469.114                         Subtotal
    Total Biaya Perolehan          2.313.191           23.899             67                1.001              (2.911)    2.333.245         Total Acquisition Costs
    Akumulasi Penyusutan                                                                                                               Accumulated Depreciation
    Kepemilikan langsung                                                                                                                        Direct ownership
    Bangunan dan                                                                                                                                    Buildings and
      prasarana                      493.953           37.052                 -                 -                   -       531.005             improvements
    Kendaraan bermotor                22.236              811                 -               399                   -        22.648                Motor vehicles
                                                                                                                                                 Machinery and
    Mesin dan peralatan              110.247            2.495                 -                32                   -       112.710                  equipment
    Perabotan dan                                                                                                                                Office furniture,
      perlengkapan                                                                                                                                fixtures, and
      kantor                         142.261            5.596             67                  446                   -       147.478                  equipment
    Subtotal                         768.697           45.954             67                  877                   -       813.841                         Subtotal




                                                                              66
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PT BAKRIELAND DEVELOPMENT Tbk                                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                stated)

16. ASET TETAP (Lanjutan)                                                                16. FIXED ASSETS (Continued)
                                                                                  2025
                                   Saldo                                                                                         Saldo
                                   Awal/                                                                                         Akhir/
                                 Beginning       Penambahan/     Akuisisi/           Pengurangan/         Reklasifikasi/        Ending
                                  Balance         Additions     Acquisition           Deductions         Reclassification       Balance
                                                                                                                                                               Assets under
    Aset bangun serah                                                                                                                                   build and transfer
    Bangunan                         193.265           13.130                 -                      -                      -       206.395                         Buildings
    Aset hak-guna                                                                                                                                         Right-of-use asset
    Hak guna tanah                     7.675            7.675                 -                      -                      -        15.350                        Land right

    Total Akumulasi                                                                                                                                      Total Accumulated
      Penyusutan                     969.637           66.759             67                   877                          -     1.035.586                 Depreciation

    Jumlah Tercatat                1.343.554                                                                                      1.297.659             Carrying Amounts


                                                                                  2024
                                   Saldo                                                                                         Saldo
                                   Awal/                                                                                         Akhir/
                                 Beginning       Penambahan/     Akuisisi/           Pengurangan/         Reklasifikasi/        Ending
                                  Balance         Additions     Acquisition           Deductions         Reclassification       Balance
    Biaya Perolehan                                                                                                                                     Acquisition Costs
    Pemilikan langsung                                                                                                                                    Direct ownership
    Tanah                            372.188                -         28.442                     -                      -          400.630                             Land
    Bangunan dan                                                                                                                                              Buildings and
      prasarana                    1.041.026            3.373        100.457                 7.357                  2.176        1.139.675                improvements
    Kendaraan bermotor                25.052              418            446                 1.707                      -           24.209                   Motor vehicles
                                                                                                                                                           Machinery and
    Mesin dan peralatan              113.176            2.866                 -              1.240                   686           115.488                     equipment
    Perabotan dan                                                                                                                                          Office furniture,
      perlengkapan                                                                                                                                          fixtures, and
      kantor                         149.284            3.798         12.981                 6.869                    (37)         159.157                     equipment
    Subtotal                       1.700.726           10.455        142.326                17.173                  2.825        1.839.159                         Subtotal
                                                                                                                                                              Assets under
    Aset bangun serah                                                                                                                                  build and transfer
    Bangunan                         243.989                -                 -                  -                      -          243.989                         Buildings
    Aset hak-guna                                                                                                                                        Right-of-use asset
    Hak guna tanah                           -        207.227                 -                  -                      -          207.227                        Land right
    Aset dalam penyelesaian                                                                                                                       Construction in-progress
    Bangunan                           9.610           16.532                 -               757                  (2.569)          22.816                          Buildings
    Perabotan dan perlengkapan                                                                                                                Office furniture, fixtures, and
      kantor                                 -           256                  -                  -                   (256)                -                    equipment
    Subtotal                         253.599          224.015                 -               757                  (2.825)         474.032                         Subtotal
    Total Biaya Perolehan          1.954.325          234.470        142.326                17.930                      -        2.313.191         Total Acquisition Costs
    Akumulasi Penyusutan                                                                                                                      Accumulated Depreciation
    Kepemilikan langsung                                                                                                                               Direct ownership
    Bangunan dan                                                                                                                                           Buildings and
      prasarana                      450.822           37.934         11.298                 6.101                      -          493.953             improvements
    Kendaraan bermotor                22.592              626            293                 1.275                      -           22.236                Motor vehicles
                                                                                                                                                        Machinery and
    Mesin dan peralatan              108.906            2.604                 -              1.263                      -          110.247                  equipment
    Perabotan dan                                                                                                                                       Office furniture,
      perlengkapan                                                                                                                                       fixtures, and
      kantor                         132.505            4.527         11.889                 6.660                      -          142.261                  equipment

    Subtotal                         714.825           45.691         23.480                15.299                      -          768.697                         Subtotal

                                                                                                                                                              Assets under
    Aset bangun serah                                                                                                                                  build and transfer
    Bangunan                         180.135           13.130                 -                  -                      -          193.265                         Buildings
    Aset hak-guna                                                                                                                                        Right-of-use asset
    Hak guna tanah                           -          7.675                 -                  -                      -            7.675                        Land right

    Total Akumulasi                                                                                                                                     Total Accumulated
      Penyusutan                     894.960           66.496         23.480                15.299                      -          969.637                 Depreciation

    Jumlah Tercatat                1.059.365                                                                                     1.343.554             Carrying Amounts



   Alokasi beban penyusutan untuk tahun 2025 dan                                            Allocation of depreciation expenses during 2025 and
   2024 adalah sebagai berikut:                                                             2024 is as follows:
                                                                2025                         2024
    Beban pokok pendapatan                                           2.459                      16.194                                      Cost of revenues
    Beban umum dan administrasi                                                                                                    General and administrative
       (Catatan 34b)                                               64.300                       50.302                              expenses (Note 34b)
    Total                                                          66.759                       66.496                                                            Total


                                                                              67
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

16. ASET TETAP (Lanjutan)                                          16. FIXED ASSETS (Continued)

   Rincian penjualan dan penghapusan aset tetap                         The detail of sales and write-off of fixed assets is as
   adalah sebagai berikut:                                              follows:

                                                     2025                2024
    Biaya perolehan                                     1.001              17.930                             Acquisition costs
    Akumulasi penyusutan                                 (877)            (15.299)                     Accumulated depreciation
    Nilai buku neto aset tetap                            124               2.631                  Net book value of fixed assets
                                                                                                                            Less:
    Dikurangi:                                                                                    Proceeds from sale of fixed
       Hasil penjualan aset tetap                         130                 273                                 assets
       Beban lain-lain                                      -                 917                            Other expenses
    Rugi (laba) atas penjualan
       dan penghapusan aset tetap                                                           Loss (gain) on sale and disposal
       - neto                                               (6)             1.441                    of fixed assets - net


   Pada tahun 2025, reklasifikasi aset tetap ke                         In 2025, the reclassification of fixed assets to
   persediaan dikarenakan adanya perubahan intensi                      inventories are due to changes in management’s
   manajemen atas penggunaan aset-aset tersebut.                        intention on the use of these assets.

   Pada tahun 2025, penambahan aset tetap mencakup,                     In 2025, the additions to fixed assets include the
   saldo awal aset tetap milik GTA yang diambil alih                    beginning balance of fixed assets from GTA, which
   pada tahun 2025 (Catatan 5b).                                        was acquired in 2025 (Note 5b).

   Pada tahun 2024, penambahan aset tetap mencakup,                     In 2024, the additions to fixed assets include the
   saldo awal aset tetap milik GIN yang diambil alih pada               beginning balance of fixed assets from GIN, which
   tahun 2024 (Catatan 5d).                                             was acquired in 2024 (Note 5d).

   Rincian aset dalam penyelesaian pada tanggal                         The detail of construction in progress as of
   31 Desember 2025 dan 2024 adalah sebagai berikut:                    December 31, 2025 and 2024 is as follows:

                                      Persentase                            Estimasi Tahun
                                     Penyelesaian/                            Penyelesaian/
                                    Percentage of    Nilai Tercatat/             Estimated
                                      Completion     Carrying Value               year of
    2025                                  (%)              (Rp)                 Completion                                       2025
    Bangunan dan prasarana          45,00%-95,00%              17.898    April - Desember 2026/              Building and improvement
                                                                         April - December 2026


                                      Persentase                            Estimasi Tahun
                                    Penyelesaian/                            Penyelesaian/
                                    Percentage of    Nilai Tercatat/            Estimated
                                     Completion      Carrying Value               year of
    2024                                  (%)              (Rp)                Completion                                        2024
    Bangunan dan prasarana          12,00%-95,00%              22.816    Maret - Desember 2025/              Building and improvement
                                                                         March - December 2025


   Aset tetap dan properti investasi, kecuali tanah,                    Fixed assets and investment properties, except for
   diasuransikan terhadap risiko bencana alam, risiko                   land, are insured against the risks of natural
   kebakaran dan risiko lainnya dengan jumlah nilai                     disaster, fire and other risks with the sum insured
   pertanggungan masing-masing sebesar Rp3,88 triliun                   amounting to Rp3.88 trillion and Rp3.12 trillion in
   dan Rp3,12 triliun pada tahun 2025 dan 2024.                         2025 and 2024, respectively. The Group’s
   Manajemen Grup berkeyakinan bahwa nilai                              management believes that the sum insured is
   pertanggungan tersebut cukup untuk menutupi                          sufficient to cover possible losses of the insured
   kemungkinan      kerugian     atas   aset    yang                    assets.
   dipertanggungkan.




                                                             68
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

16. ASET TETAP (Lanjutan)                                       16. FIXED ASSETS (Continued)
   Pada tanggal 31 Desember 2025 dan 2024, tanah                    As of December 31, 2025 and 2024, land and
   dan bangunan milik PT Graha Istana Nirwana (GIN),                buildings owned by PT Graha Istana Nirwana (GIN),
   PT Graha Andrasentra Propertindo Tbk (GAP) dan                   PT Graha Andrasentra Propertindo Tbk (GAP) and
   PT Jasa Boga Raya (JBR), PT Provices Indonesia                   PT Jasa Boga Raya (JBR), PT Provices Indonesia
   (PVI) yang terletak di Sidoarjo, Bogor, Sentul dan               (PVI) which are located in Sidoarjo, Bogor, Sentul
   Jakarta dijadikan jaminan atas pinjaman kepada                   and Jakarta are pledged as collateral for loans
   PT Bank Perkreditan Rakyat Delta Artha (Perseroda),              obtained from PT Bank Perkreditan Rakyat Delta
   PT Bank KB Indonesia Tbk., PT Bank Panin Tbk,                    Artha (Perseroda), PT Bank KB Indonesia Tbk.,
   PT Bank Rakyat Indonesia (Persero) Tbk (BRI),                    PT Bank Panin Tbk, PT Bank Rakyat Indonesia
   PT Bank Mandiri (Persero) Tbk., dan pembiayaan                   (Persero) Tbk (BRI), PT Bank Mandiri (Persero)
   Musyarakah yang diperoleh dari PT Bank KB Syariah                Tbk., and Musyarakah financing obtained from
   Bukopin.                                                         PT Bank KB Syariah Bukopin.

   Tidak terdapat bunga pinjaman yang dikapitalisasi                There is no capitalization of loan interest on fixed
   pada aset tetap pada tahun yang berakhir pada                    assets for the years ended December 31, 2025 and
   tanggal-tanggal 31 Desember 2025 dan 2024.                       2024.

   Tidak terdapat aset tetap yang tidak terpakai                    There are no temporary unused fixed assets and
   sementara dan tidak terdapat aset tetap yang                     there are no fixed assets that are discontinued from
   dihentikan dari penggunaan aktif dan tidak                       active use and not classified as available for sale.
   diklasifikasikan sebagai tersedia untuk dijual.

   Manajemen Grup berkeyakinan bahwa kerugian                       The Group’s management believes that the
   penyisihan penurunan nilai aset tetap telah memadai              provision for impairment loss of fixed assets is
   berdasarkan hasil penelaahan atas aset tetap pada                adequate based on the review of fixed assets at the
   akhir tahun.                                                     end of the year.


17. GOODWILL                                                    17. GOODWILL

   Akun ini merupakan selisih lebih biaya perolehan atas            This account represents the excess of the
   nilai wajar Entitas Anak, terutama dari akuisisi                 acquisition cost over the fair value of the
   PT Mutiara Masyhur Sejahtera (MMS) pada tahun                    Subsidiaries, primarily arising from the acquisition of
   2014 dan PT Graha Istana Nirwana pada tahun 2024                 PT Mutiara Masyhur Sejahtera (MMS) in 2014 and
   (Catatan 5d). Pada tanggal 31 Desember 2025 dan                  PT Graha Istana Nirwana in 2024 (Note 5d). As of
   2024, jumlah tercatat masing-masing sebesar                      December 31, 2025 and 2024, the carrying amounts
   Rp907,32 miliar dan Rp908,76 miliar, setelah                     are Rp907.32 billion and Rp908.76 billion,
   dikurangi akumulasi penurunan nilai goodwill masing-             respectively, net of accumulated goodwill impairment
   masing sebesar Rp815,64 miliar dan Rp814,20 miliar.              of Rp815.64 billion and Rp814.20 billion,
                                                                    respectively.

   Grup menguji secara tahunan apakah goodwill                      The Group tests annually whether goodwill has
   mengalami penurunan nilai. Jumlah terpulihkan                    suffered any impairment. The recoverable amount of
   goodwill ditentukan berdasarkan nilai pakai.                     goodwill is determined based on value-in use.

   Perhitungan nilai pakai menggunakan proyeksi arus                Value-in use calculation used cash flow projection
   kas dari anggaran keuangan yang telah disetujui oleh             from the financial budget approved by management
   manajemen untuk periode lima tahun. Tingkat                      covering a five-year period. The pre-tax discount
   diskonto sebelum pajak yang digunakan untuk                      rates applied to cash flow projection is 9.42% and
   proyeksi arus kas adalah 9,42% dan 9,65% masing-                 9.65% for the years ended December 31, 2025 and
   masing untuk tahun yang berakhir pada tanggal                    2024, respectively. The following assumptions are
   31 Desember 2025 dan 2024. Asumsi-asumsi berikut                 also used in computing value in use:
   ini juga digunakan untuk menghitung nilai pakai:




                                                           69
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

17. GOODWILL (Lanjutan)                                        17. GOODWILL (Continued)

   a. Estimasi tingkat pertumbuhan                                 a. Growth rate estimates
      - Tingkat pertumbuhan mencakup pertumbuhan                      - Growth rates include revenue growth and
        pendapatan dan tingkat pertumbuhan majemuk                      terminal growth rates that are based on
        yang didasarkan pada pengalaman dan strategi                    experiences and strategies developed for the
        yang dikembangkan untuk berbagai entitas                        various subsidiaries. The prospect for the
        anak. Prospek industri juga dipertimbangkan                     industry was also considered in estimating the
        dalam memperkirakan tingkat pertumbuhan.                        growth rates. Growth rates used in computing
        Tingkat pertumbuhan yang digunakan dalam                        the estimated future cash flows ranged from
        menghitung estimasi arus kas masa depan                         2.5% and 3% as of December 31, 2025 and
        masing-masing berkisar antara 2,5% dan 3%                       2024, respectively.
        pada tanggal 31 Desember 2025 dan 2024.

   b. Tingkat diskonto                                             b. Discount rates
      - Tingkat diskonto diestimasi berdasarkan biaya                 - Discount rates are estimated based on the
        rata-rata tertimbang atas modal industri,                       industry’s weighted average cost of capital,
        termasuk biaya ekuitas dan utang setelah                        which includes the cost of equity and debt after
        mempertimbangkan rasio gearing.                                 considering the gearing ratio.

   Asumsi utama di atas dapat berubah sesuai dengan                The key assumptions above may change as
   perubahan kondisi ekonomi dan pasar. Pengujian                  economic and market conditions change.          The
   penurunan nilai atas goodwill dilakukan setiap akhir            impairment testing on goodwill is performed every
   tahun atau setiap kali terdapat indikasi bahwa                  year end or whenever there is an indication that the
   goodwill mengalami penurunan nilai. Manajemen                   goodwill is impaired. Management believes that no
   berkeyakinan bahwa tidak terdapat perubahan yang                reasonably possible changes in any of the above
   mungkin terjadi pada asumsi utama di atas yang                  key assumptions would cause the carrying amount
   dapat menyebabkan jumlah tercatat goodwill yang                 of goodwill arising from the Group’s acquisitions to
   timbul dari akuisisi Grup secara material melebihi              materially exceed its recoverable amount.
   jumlah terpulihkannya.

   Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024, management
   manajemen Grup berkeyakinan bahwa penurunan                     believes that impairment of goodwill is adequate
   nilai goodwill telah memadai berdasarkan hasil                  based on a review at the end of the year.
   penelaahan pada akhir tahun.


18. ASET LAIN-LAIN                                             18. OTHER ASSETS

                                                 2025               2024
    Investasi pada ventura                                                                           Investment in joint
        bersama                                                                                           ventures
        (Catatan 43d and 43f):                    73.269             73.194                    (Notes 43d and 43f):
    Uang jaminan                                   7.646              1.926                           Security deposits
    Proyek dalam pengembangan                      5.836                  -                Projects under development
    Beban tangguhan                                1.412              1.474                           Deferred charges
    Lain-lain (masing-masing                                                                                     Others
        di bawah Rp2 miliar)                        2.952              2.844             (each below of Rp2 billion)
    Total                                         91.115             79.438                                        Total
    Dikurangi cadangan kerugian                                                          Less allowance for impairment
       penurunan nilai atas investasi                                                        losses on investment
       pada ventura bersama                       40.851             40.851                        in joint ventures
    Total                                         50.264             38.587                                       Total




                                                          70
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PT BAKRIELAND DEVELOPMENT Tbk                                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                                  DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                      stated)

18. ASET LAIN-LAIN (Lanjutan)                                                              18. OTHER ASSETS (Continued)

   Rincian investasi pada ventura bersama adalah                                                  The details of investments in joint ventures are as
   sebagai berikut:                                                                               follows:

                                                                                         2025
                                                                    Nilai tercatat
                                                                   investasi awal                                           Nilai Tercatat
                                               Persentase              tahun/                   Bagian laba                investasi akhir
                                              kepemilikan/        Carrying Value at                neto/                        tahun/
                                               Percentage            beginning                  Share in net             Carrying value at
                                              of ownership             of year                     profit                 the end of year

    Investasi Tidak Langsung melalui                                                                                                                       Direct investment through
      PT Mutiara Masyhur Sejahtera                                                                                                                    PT Mutiara Masyhur Sejahtera
        KSO Wika-Kahuripan                              40,00%                  32.343                         75                    32.418                  KSO Wika-Kahuripan
    Investasi Tidak Langsung melalui                                                                                                                       Indirect investment through
      PT Bakrie Pangripta Loka                                                                                                                             PT Bakrie Pangripta Loka
        KSO PP - BPL                                    51,00%                  40.851                             -                 40.851                           KSO PP - BPL
    Subtotal                                                                    73.194                         75                    73.269                                      Subtotal
    Dikurangi cadangan kerugian                                                                                                                           Less allowance for impairment
      penurunan nilai                                                           40.851                             -                 40.851                                      loss
    Neto                                                                        32.343                         75                    32.418                                           Net


                                                                                         2024
                                                             Nilai tercatat
                                                            investasi awal                                                          Nilai Tercatat
                                          Persentase            tahun/            Bagian laba            Penyelesaian              investasi akhir
                                         kepemilikan/      Carrying Value at         neto/             ventura bersama/                 tahun/
                                          Percentage          beginning           Share in net           Termination             Carrying value at
                                         of ownership           of year              profit             of joint venture          the end of year

    Investasi Tidak Langsung melalui                                                                                                                           Direct investment through
      PT Mutiara Masyhur Sejahtera                                                                                                                        PT Mutiara Masyhur Sejahtera
        KSO Wika-Kahuripan                      40,00%               32.189                     154                          -              32.343               KSO Wika-Kahuripan
        KSO GIN-MMS                             12,06%                7.417                       -                    (7.417)                   -                     KSO GIN-MMS
    Investasi Tidak Langsung melalui                                                                                                                          Indirect investment through
      PT Bakrie Pangripta Loka                                                                                                                                PT Bakrie Pangripta Loka
        KSO PP - BPL                            51,00%               40.851                        -                         -              40.851                       KSO PP - BPL
    Subtotal                                                         80.457                     154                    (7.417)              73.194                                Subtotal
    Dikurangi cadangan kerugian                                                                                                                              Less allowance for impairment
      penurunan nilai                                                40.851                        -                         -              40.851                                  loss
    Neto                                                             39.606                     154                    (7.417)              32.343                                    Net



   Informasi tambahan pada tanggal 31 Desember 2025                                               Additional information as of December 31, 2025 and
   dan 2024 sehubungan dengan investasi pada ventura                                              2024 related to investment in joint venture are as
   bersama adalah sebagai berikut:                                                                follows:

                                                                                         2025
                                               Total Aset/         Total Liabilitas/       Total Pendapatan/              Total Laba/
                                              Total Assets          Total Liability          Total Revenue               Total Income
    Entitas Asosiasi                                                                                                                                                  Associated entity
      Investasi Tidak Langsung melalui                                                                                                                     Direct investment through
         PT Mutiara Masyhur Sejahtera                                                                                                                 PT Mutiara Masyhur Sejahtera
           KSO Wika-Kahuripan (audit)                   257.555                201.597                    153                         189            KSO Wika-Kahuripan (audited)
      Investasi Tidak Langsung melalui                                                                                                                   Indirect investment through
        PT Bakrie Pangripta Loka                                                                                                                         PT Bakrie Pangripta Loka
          KSO PP - BPL (tidak diaudit)                  213.794                132.085                         -                    2.075               KSO PP - BPL (unaudited)


                                                                                         2024
                                               Total Aset/         Total Liabilitas/       Total Pendapatan/              Total Laba/
                                              Total Assets          Total Liability          Total Revenue               Total Income
    Entitas Asosiasi                                                                                                                                                  Associated entity
      Investasi Tidak Langsung melalui                                                                                                                     Direct investment through
         PT Mutiara Masyhur Sejahtera                                                                                                                 PT Mutiara Masyhur Sejahtera
           KSO Wika-Kahuripan (audit)                   257.265                201.497                  1.244                         385            KSO Wika-Kahuripan (audited)
      Investasi Tidak Langsung melalui                                                                                                                   Indirect investment through
        PT Bakrie Pangripta Loka                                                                                                                         PT Bakrie Pangripta Loka
          KSO PP - BPL (tidak diaudit)                  213.794                144.979                         -                   61.709               KSO PP - BPL (unaudited)




                                                                                   71
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

18. ASET LAIN-LAIN (Lanjutan)                                  18. OTHER ASSETS (Continued)

   Investasi pada KSO PP-BPL                                       Investment in KSO PP-BPL

   Pada tanggal 31 Desember 2025 dan 2024, investasi               As of December 31, 2025 and 2024, the Group’s
   Grup pada KSO PP-BPL, melalui PT Bakrie Pangripta               investment      in    KSO        PP-BPL,      through
   Loka (BPL), Entitas Anak, tidak dapat mengakui                  PT Bakrie Pangripta Loka (BPL), a Subsidiary could
   bagian atas laba rugi sesuai dengan metode ekuitas              not recognize its share of profit or loss according to
   karena laporan keuangan KSO PP-BPL yang telah                   the equity method because the audited financial
   diaudit tidak tersedia.                                         statements of KSO PP-BPL were not available.

   Selanjutnya, sampai dengan tanggal penyelesaian                 Furthermore, until the completion date of these
   laporan keuangan konsolidasian ini, BPL dan ventura             consolidated financial statements, BPL and its joint
   bersama,     Perusahaan     Umum      Pembangunan               venture,    Perusahaan      Umum     Pembangunan
   Perumahan Nasional (Perumnas), belum dapat                      Perumahan Nasional (Perumnas), have not been
   memperkirakan hasil akhir dari operasi bersama                  able to predict the final outcome of their joint
   tersebut (Catatan 43d dan 47b).                                 operation (Notes 43d and 47b).

   Sehubungan dengan ketidakpastian mengenai                       Due to the uncertainty regarding the continuation of
   kelanjutan perjanjian dan ketidaktersediaan laporan             an agreement, and the unavailability of the audited
   keuangan KSO PP-BPL yang telah diaudit, maka                    financial    statements     of     KSO-PP-BPL,      the
   manajemen       melakukan      penelaahan      atas             management conducted a review on the
   terpulihkannya investasi tersebut. Pada tanggal                 recoverability     of   its     investment.   As     of
   31 Desember 2025 dan 2024, Grup membentuk                       December 31, 2025 and 2024, the Group provided a
   penyisihan penilaian penuh atas investasinya                    full valuation allowance for its investment mainly due
   terutama karena adanya kerugian berulang yang                   to recurring losses incurred by KSO PP-BPL in
   dialami KSO PP-BPL pada tahun-tahun sebelumnya                  previous years that significantly affected operations.
   yang secara signifikan memengaruhi operasi.

   Manajemen Grup berkeyakinan bahwa cadangan                      The Group's management believes that the
   kerugian penurunan nilai atas investasi pada ventura            allowance for impairment losses on investments in
   bersama    telah  memadai        berdasarkan   hasil            joint ventures is adequate based on its review at the
   penelaahan pada akhir tahun.                                    end of the year.


19. UTANG BANK JANGKA PENDEK                                   19. SHORT-TERM BANK LOANS

                                                 2025               2024
    Dalam Rupiah                                                                                             In Rupiah
       PT Bank Mayapada                                                                         PT Bank Mayapada
          Internasional Tbk                      263.271            185.676                   Internasional Tbk
    PT Bank Tabungan Negara                                                                 PT Bank Tabungan Negara
       (Persero) Tbk                              77.250                   -                          (Persero)Tbk
       PT Bank KB Indonesia Tbk                    9.589               9.589             PT Bank KB Indonesia Tbk
    Dalam Dolar Amerika Serikat                                                                 In United States Dollar
       PT Bank Rakyat Indonesia                                                          PT Bank Rakyat Indonesia
          (Persero) Tbk                                                                          (Persero) Tbk
          (US$200.000 dan US$ nihil                                                   (US$200,000 and US$nil as of
              pada tanggal 31 Desember                                                  December 31, 2025 and
              2025 dan 2024)                        3.356                   -               2024, respectively)
    Total                                        353.466            195.265                                         Total




                                                          72
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                        19. SHORT-TERM BANK LOANS (Continued)

   a. PT Bank       Mayapada      Internasional   Tbk              a. PT Bank Mayapada            Internasional     Tbk
      (Mayapada)                                                      (Mayapada)

      Rincian pinjaman ke Mayapada adalah sebagai                     The detail of loans to Mayapada is as follows:
      berikut:

                                                  2025               2024
       PT Mutiara Masyhur                                                                       PT Mutiara Masyhur
          Sejahtera                               212.726            115.925                           Sejahtera
       PT Bakrie Swasakti Utama                    50.545             69.751               PT Bakrie Swasakti Utama
       Total                                      263.271            185.676                                      Total


      i. Pada tanggal 9 Desember 2024, MMS                            i. On December 9, 2024, MMS obtained a
         memperoleh fasilitas pinjaman modal kerja dari                  working capital loan facility from Mayapada
         Mayapada dengan pagu pinjaman maksimum                          with a maximum amount of Rp225 billion,
         sebesar Rp225 miliar yang terdiri dari dua                      which consisted of two fixed on-demand loan
         fasilitas pinjaman tetap on demand masing-                      facilities amounting to Rp100 billion and
         masing       sebesar   Rp100    miliar    dan                   Rp125 billion, respectively.
         Rp125 miliar.

         Pinjaman tersebut dijamin dengan Sertifikat                     The loan was collateralized by the Building
         Hak Guna Bangunan (SHGB) seluas                                 Right of Use Certificate (SHGB) with an area
         215.788 m2 yang terletak di Kecamatan                           of 215,788 m2 located in the subdistricts of
         Sukodono, Krian dan Wonoayu.                                    Sukodono, Krian and Wonoayu.

         Fasilitas pinjaman tersebut dikenakan tingkat                   The loan facility bears an interest rate of 11%
         suku bunga 11% per tahun dan jatuh tempo                        per     annum        and       maturing       on
         pada tanggal 16 Desember 2025.                                  December 16, 2025.


         Perjanjian ini telah diperbarui, terakhir pada                  This agreement has been amended, the
         tanggal 22 Desember 2025 dengan perubahan                       latest on December 22, 2025 changing the
         jatuh tempo pada tanggal 16 Desember 2026.                      loan maturity to December 16, 2026.


      ii. Pada tanggal 29 Januari 2014, BSU                           ii. On January 29, 2014, BSU entered into
          menandatangani adendum fasilitas pinjaman                       addendum to the loan facility for its working
          untuk modal kerja BSU dari Mayapada, dengan                     capital from Mayapada, with details as
          rincian sebagai berikut:                                        follows:

         1. Fasilitas pinjaman tetap on demand                           1. Fixed on demand loan facility amounted to
            sebesar Rp375 miliar; dan                                       Rp375 billion; and
         2. Fasilitas pinjaman rekening koran sebesar                    2. Current account loan facility amounted to
            Rp20 miliar;                                                    Rp20 billion;

         Pinjaman tersebut dijamin dengan SHGB                           The    loan  was   secured  by   SHGB
         No. 527/Karet Kuningan seluas 7.501 m2.                         No. 527/Karet Kuningan with an area of
                                                                         7,501 m2.

         Sehubungan dengan pinjaman ini, BSU                             In relation to these loans, BSU remains
         diwajibkan memenuhi persyaratan tertentu,                       obligated to fulfill certain requirements,
         antara lain, BSU dilarang untuk melakukan hal-                  among others, BSU is restricted from doing
         hal berikut tanpa persetujuan tertulis dari                     the following without prior written approval
         Mayapada:                                                       from Mayapada:
          1. Perubahan anggaran dasar, susunan direksi                    1. Amendment in articles of association, the
             dan komisaris serta susunan pemegang                            composition of the board of directors and
             saham Perusahaan;                                               commissioners, also the composition of
                                                                             shareholders of the Company;



                                                          73
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                           19. SHORT-TERM BANK LOANS (Continued)

           2. Penyertaan saham atau investasi pada                          2. Investments in shares or investments in
              perusahaan lain;                                                 other companies;
           3. Melakukan pembagian dividen;                                  3. Dividend payments;
           4. Penggadaian saham kepada pihak lain;                          4. Mortgage the stock to other parties;
           5. Menjaminkan barang yang menjadi jaminan                       5. Guarantee the goods pledged as collateral
              kepada pihak lain;                                               to other parties;
           6. Penggadaian saham kepada pihak lain;                          6. Mortgage the stock to other parties;
           7. Menjaminkan barang yang menjadi jaminan                       7. Guarantee the goods pledged as collateral
              kepada pihak lain;                                               to other parties;
           8. Pembubaran dan penghentian usaha; dan                         8. Dissolution and suspension of operations;
                                                                               and
           9. Penggabungan usaha, akuisisi, konsolidasi                     9. Merger, acquisition, consolidation and
              dan pemisahan dengan perusahaan lain.                            separation with other companies.

      Perjanjian ini telah diperbarui dari waktu ke waktu,               This agreement has been amended several
      perubahan          terakhir      pada        tanggal               times, the latest        was amended on
      20 November 2025, BSU menandatangani                               November 20, 2025, BSU entered into
      adendum fasilitas pinjaman dari Mayapada,                          addendum to the loan facility from Mayapada,
      dengan rincian sebagai berikut:                                    with details as follows:

      1.    Fasilitas pinjaman dengan pagu maksimal                      1. A loan facility with a maximum limit of
            sebesar Rp50,80 miliar dengan rincian                            Rp50.80 billion, with the following details:
           a. Fasilitas pinjaman rekening koran sebesar                     a. Overdraft loan facility amounting to
              Rp20 miliar;                                                     Rp20 billion
           b. Fasilitas pinjaman tetap on demand                            b. Fixed on-demand loan facility amounting
              sebesar Rp30,80 miliar;                                          to Rp 30.80 billion;

      2.   Perpanjangan jangka waktu pinjaman sampai                     2. Extension    of    the    loan  term    until
           dengan tanggal 29 Januari 2027;                                  January 29, 2027;
      3.   Bunga pinjaman per tahun sebesar 12%;                         3. Annual interest rate of 12%;
      4.   Perubahan jaminan menjadi 60 Unit Rumah                       4. Change of collateral to 60 condominium units
           Susun seluas 4.907,23 m2 yang berlokasi di                       covering an area of 4,907.23 m2 located in
           Kelurahan Karet Kuningan, Kecamatan                              Karet Kuningan Village, Setiabudi District,
           Setiabudi, Kota Jakarta Selatan.                                 South Jakarta.
   b. PT Bank Tabungan Negara Tbk (BTN)                               b. PT Bank Tabungan Negara Tbk (BTN)
      Pada tanggal 29 September 2025, BDM                                On September 29, 2025, BDM obtained a letter
      memperoleh surat persetujuan dari BTN atas                         of approval from BTN for the restructuring credit
      restrukturisasi fasilitas kredit dengan pagu                       facility  with    a    maximum       amount   of
      pinjaman sebesar Rp78,5 miliar, serta tingkat                      Rp78.50 billion, bearing an annual interest rate
      suku bunga menjadi 6,7% per tahun dan akan                         of 6.7% and will be due on September 29, 2026.
      jatuh tempo pada tanggal 29 September 2026.                        This facility used for Condotel Ocea Project
      Pinjaman ini digunakan untuk penyelesaian                          completion located in Setiabudi, South Jakarta.
      Proyek Condotel Ocea yang berlokasi di                             Furthermore, the bank loan previously presented
      Setiabudi, Jakarta Selatan. Efektif setelah proses                 as long-term bank loans was reclassified to
      restrukturisasi tersebut selesai, saldo utang bank                 short-term bank loans effective upon the
      yang sebelumnya disajikan sebagai bagian dari                      completion of the restructuring process.
      akun utang bank jangka panjang direklasifikasi
      menjadi utang bank jangka pendek.

   c. PT Bank KB Indonesia Tbk (KB Indonesia)                         c. PT Bank KB Indonesia Tbk (KB Indonesia)

      Pada tanggal 1 Juni 2009, PT Bakrie Swasakti                       On June 1, 2009, PT Bakrie Swasakti Utama
      Utama (BSU), Entitas Anak, memperoleh Fasilitas                    (BSU), a Subsidiary, obtained a Back-To-Back
      Kredit Back-To-Back dari PT Bank KB Indonesia                      Loan Facility from PT Bank KB Indonesia Tbk.,
      Tbk., (KB Indonesia) dengan pagu pinjaman                          (KB Indonesia) with a maximum amount of
      sebesar    Rp15 miliar    untuk  penyelesaian                      Rp15 billion for completion of the Bakrie Tower
      pembangunan gedung Bakrie Tower di kawasan                         building in Rasuna Epicentrum Complex.
      Rasuna Epicentrum.


                                                             74
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                        19. SHORT-TERM BANK LOANS (Continued)

      Pinjaman ini dijaminkan dengan deposito milik                   This loan was secured with a time deposit owned
      Perusahaan sebesar Rp10,07 miliar (Catatan 11).                 by the Company amounted to Rp10.07 billion
                                                                      (Note 11).

      Perjanjian fasilitas pinjaman telah diperpanjang                The loan facility agreement has been extended
      beberapa kali, terakhir sampai dengan pada                      several times, with the latest will due on
      tanggal 17 Maret 2026 (Catatan 49a). Fasilitas                  March 17, 2026 (Note 49a). The loan facility
      pinjaman tersebut dikenai tingkat suku bunga                    bears an interest rate of 1.5% per annum above
      1,5% per tahun di atas suku bunga deposito yang                 the guaranteed deposit interest rate and a
      dijaminkan dan biaya provisi sebesar 0,125% dari                provision fee of 0.125% of the ceiling prepaid all
      plafon dibayar dimuka sekaligus.                                at once.

   d. PT Bank Rakyat Indonesia (Persero) Tbk                       d. PT Bank Rakyat Indonesia (Persero) Tbk

      Pada tanggal 31 Oktober 2025, PT Bakrie                         On October 31, 2025, PT Bakrie Pangripta Loka
      Pangripta Loka (BPL) memperoleh fasilitas                       (BPL) obtained an overdraft loan facility from BRI
      pinjaman rekening koran dari BRI dengan pagu                    with a credit limit of US$99,750, which is used for
      sebesar US99.750 yang digunakan untuk                           working capital purposes. This facility will mature
      keperluan modal kerja. Fasilitas ini akan jatuh                 on October 31, 2026 and bears an interest rate
      tempo pada tanggal 31 Oktober 2026 dan di                       of 2.5% per annum. The loan is secured by a
      kenakan tempat suku bunga 2,5% per tahun.                       deposit of US$100,000.
      Pinjaman ini dijamin dengan deposito sebesar
      US$100.000.

      Pada tanggal 28 November 2025, BPL                              On November 28, 2025, BPL obtained an
      memperoleh fasilitas pinjaman rekening koran dari               overdraft loan facility from BRI with a credit limit
      BRI dengan pagu sebesar US$100.250 yang                         of US$100,250, which is used for working capital
      digunakan untuk keperluan modal kerja. Fasilitas                purposes. This facility will mature on
      ini   akan   jatuh      tempo    pada    tanggal                November 28, 2026 and bears an interest rate of
      28 November 2026 dan dikenal tingkat suku                       4.6% per annum. The loan is secured by a
      bunga 4,6% per tahun. Pinjaman ini dijamin                      deposit of US$100,650.
      dengan deposito sebesar US$100.650.

   Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                      management believes that it has complied with all
   semua persyaratan kredit yang ditentukan dalam                  credit requirements specified in the agreements.
   perjanjian.

   Pembayaran utang bank jangka pendek Grup pada                   The Group's payments for short-term bank loans in
   tahun 2025 dan 2024 masing-masing sebesar                       2025 and 2024 amounting to Rp27.15 billion and
   Rp27,15 miliar dan Rp38,71 miliar merupakan                     Rp38.71 billion, respectively pertains to loans given
   pinjaman yang diberikan oleh Mayapada ke BSU.                   by Mayapada to BSU.


20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                         20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                           NON-BANK LOAN

                                              2025                   2024
                                                                                             Short-term musyarakah
    Pembiayaan musyarakah                                                                              financing
    PT Bank DKI Syariah                          11.306                 11.500                  PT Bank DKI Syariah
    PT BPR Syariah Hijra Alami                    9.000                      -            PT BPR Syariah Hijra Alami
    PT Bank Jabar Banten Syariah                    300                    300          PT Bank Jabar Banten Syariah
    Total                                        20.606                 11.800                                      Total




                                                          75
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                          20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                            NON-BANK LOAN (Continued)
    (Lanjutan)

   a. PT Bank DKI Syariah (Jakarta Syariah)                          a. PT Bank DKI Syariah (Jakarta Syariah)

      Pada tanggal 29 Agustus 2023, PT Provices                        On August 29, 2023, PT Provices Indonesia
      Indonesia (PVI) memperoleh fasilitas Pembiayaan                  (PVI) obtained a working capital Musyarakah
      Musyarakah modal kerja dari Jakarta Syariah                      Financing facility from Jakarta Syariah with a
      dengan pagu sebesar Rp9,55 miliar yang                           maximum amount of Rp9.55 billion which was
      digunakan untuk keperluan modal kerja. Fasilitas                 used for working capital purposes. This facility
      ini    akan   jatuh    tempo     pada   tanggal                  was due on August 29, 2024. The profit sharing
      29 Agustus 2024. Nisbah bagi hasil porsi bank                    ratio for the bank portion is determined at the
      ditentukan pada saat pencairan atau penarikan                    time of disbursement or withdrawal of financing in
      pembiayaan sesuai Surat Pemberitahuan Indikasi                   accordance with the Profit Value Indication
      Nilai Keuntungan. Pinjaman ini dijamin dengan                    Notification Letter. This loan was secured by
      tagihan dan potensi tagihan atas proyek yang                     receivables and potential receivables of the
      dibiayai dan unit tempat usaha yang berlokasi di                 financed project and business premises unit
      Rasuna Office Park seluas 270,26 m2.                             located in Rasuna Office Park covering an area
                                                                       of 270.26 m2.

      Fasilitas pembiayaan ini telah beberapa kali                     This financing facility has been restructured
      direstrukturisasi,  terakhir   pada       tanggal                several times, the latest on August 29, 2025, and
      29 Agustus 2025 dan akan jatuh tempo pada                        will be due on August 31, 2026 The latest
      tanggal 31 Agustus 2026. Perubahan terakhir                      amendment due to increase of credit ceiling
      terkait dengan peningkatan pagu pinjaman                         amounted to Rp11.50 billion. This loan was
      menjadi sebesar Rp11,50 miliar. Pinjaman ini                     secured by receivables and potential receivables
      dijamin dengan tagihan dan potensi tagihan atas                  obtained by PVI and secured by Rights of Strata
      proyek yang diperoleh PVI dan Sertifikat Hak Milik               Title Ownership in Multi Storey Building Units
      Atas Satuan Rumah Susun (SHMSRS) yang                            (SHMSRS) located in Karet Kuningan, covering
      berlokasi di Kelurahan Karet Kuningan seluas                     an area of 442.06 m2.
      442,06 m2.

   b. PT BPR Syariah Hijra Alami (Alami)                             b. PT BPR Syariah Hijra Alami (Alami)

      Pada tanggal 11 Maret 2025, PT Provices                          On March 11, 2025, PT Provices Indonesia (PVI)
      Indonesia (PVI) memperoleh fasilitas Pembiayaan                  obtained working capital in the form of a
      Musyarakah modal kerja dari Alami dengan pagu                    Musyarakah facility from Alami with a maximum
      sebesar Rp9 miliar yang digunakan untuk                          amount of Rp9 billion which was used for working
      keperluan modal kerja. Fasilitas ini akan jatuh                  capital purposes. This facility will be due In
      tempo pada tanggal 11 Maret 2026 dan hasil porsi                 March, 2025 and the bank’s portion yields 15%.
      bank sebesar 15%. Pinjaman ini dijamin dengan                    This loan was secured deposit or savings in the
      deposito atau tabungan di bank sebesar 30% dari                  bank amounting to 30% of the plafond or each
      nilai plafon atau setiap pencairan, piutang lancar               disbursement, current receivables owned by PVI,
      yang dimiliki PVI, giro mundur atas rekening bank                post dated check on the recipient's bank account
      penerima pembayaran dan corporate guarantee                      and corporate guarantee from BSU.
      dari BSU.

      Sampai dengan tanggal penyelesaian laporan                       Until the completion date of the consolidated
      keuangan konsolidasian ini diterbitkan, perjanjian               financial statements, the addendum of the loan
      fasilitas pinjaman ini masih dalam proses                        facility agreement is still in process.
      perpanjangan.




                                                           76
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                         20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                           NON-BANK LOAN (Continued)
    (Lanjutan)

   c. PT Bank Jabar Banten Syariah (BJB Syariah)                    c. PT Bank Jabar Banten Syariah (BJB Syariah)

      Pada tanggal 29 November 2022, PT Bakrie                        On November 29, 2022, PT Bakrie Pangripta
      Pangripta Loka (BPL) memperoleh fasilitas                       Loka (BPL) obtained working capital in the form
      Pembiayaan Musyarakah atas modal kerja dari                     of a Musyarakah facility from BJB Syariah with a
      BJB Syariah dengan pagu sebesar Rp300 juta                      maximum amount of Rp300 million which was
      yang digunakan untuk keperluan modal kerja.                     used for working capital purposes. This facility
      Fasilitas ini akan jatuh tempo pada tanggal                     was due on November 29, 2023 and the bank’s
      29 November 2023 dan hasil porsi bank sebesar                   portion yields 5.25%. This loan was secured by a
      5,25%. Pinjaman ini dijamin dengan deposito                     time deposit of Rp300 million.
      berjangka sebesar Rp 300 juta.

      Perjanjian   fasilitas pembiayaan      ini  telah               The loan facility agreement has been extended
      diperpanjang beberapa kali, terakhir pada tanggal               several   times,      with  the    latest  on
      23 Desember 2025, dan jatuh tempo pada tanggal                  December 23, 2025, and will be due on
      23 Desember 2026.                                               December 23, 2026.

   Pembayaran pembiayaan musyarakah dan pinjaman                   The Group's payments for short-term musyarakah
   dari pihak selain bank jangka pendek Grup pada                  financing and non-bank loan in 2025 and 2024
   tahun 2025 dan 2024 masing-masing sebesar                       amounting to Rp13.27 billion and Rp2 billion,
   Rp13,27 miliar dan Rp2 miliar merupakan pinjaman                respectively, pertains to loans given by Jakarta
   yang diberikan oleh Jakarta Syariah ke PVI.                     Syariah to PVI.

   Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                      management believes that it has complied with all
   semua persyaratan kredit yang ditentukan dalam                  the credit requirements specified in the agreements.
   perjanjian.


21. UTANG USAHA                                                21. TRADE PAYABLES

                                                 2025               2024
    Pihak ketiga:                                                                                        Third parties
    PT Yasa Patria Perkasa                        42.500             42.500                   PT Yasa Patria Perkasa
    PT Berca Schindler Lifts                       3.181              3.712                   PT Berca Schindler Lifts
    PT PP (Persero) Tbk                            1.940              7.940                      PT PP (Persero) Tbk
    Lain-lain (masing-masing                                                                      Others (each below
        di bawah Rp2 miliar)                      62.240             57.412                         of Rp2 billion)
    Total                                        109.861            111.564                                      Total


   Rincian utang usaha berdasarkan umur utang adalah               The summary of aging schedule of trade payables is
   sebagai berikut:                                                as follows:

                                                 2025               2024
    Sampai dengan 60 hari                         30.567             15.534                              Up to 60 days
    61 hari sampai 90 hari                        22.027              6.720                         61 days to 90 days
    Lebih dari 90 hari                            57.267             89.310                         More than 90 days
    Total                                        109.861            111.564                                      Total


   Seluruh utang usaha Grup dalam denominasi mata                  All of the Group’s trade payables are denominated in
   uang Rupiah.                                                    Rupiah currency.



                                                          77
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

22. UTANG LAIN-LAIN                                             22. OTHER PAYABLES

   a. Liabilitas Jangka Pendek                                      a. Short-Term Liabilities

                                                   2025               2024
       Pihak ketiga                                                                                      Third parties
       PT Lumbung Teknologi Envirotama                 69.700                  -     PT Lumbung Teknologi Envirotama
       Arch Advisory Limited                           35.447             35.123                Arch Advisory Limited
       Lain-lain (masing-masing                                                                   Others (each below
           di bawah Rp4 miliar)                        91.863          122.811                      of Rp4 billion)
       Total                                        197.010            157.934                                    Total


   b. Liabilitas Jangka Panjang                                     b. Long-Term Liabilities

                                                   2025               2024
       Pihak ketiga                                                                                       Third parties
       PT Lumbung Teknologi                                                                     PT Lumbung Teknologi
           Envirotama                                       -             69.700                        Envirotama
       Lain-lain (masing-masing                                                                    Others (each below
           di bawah Rp4 miliar)                        17.505             17.733                     of Rp4 billion)
       Total                                           17.505             87.433                                  Total


   PT Lumbung Teknologi Envirotama                                  PT Lumbung Teknologi Envirotama

   Pada tanggal 23 September 2022, PT Graha                         On September 23, 2022, PT Graha Andrasentra
   Andrasentra Propertindo Tbk (GAP), Entitas Anak,                 Propertindo Tbk (GAP), a Subsidiary, and
   dan PT Lumbung Teknologi Envirotama (LTE) telah                  PT Lumbung Teknologi Envirotama (LTE) signed a
   menandatangani Perjanjian Pinjaman dimana GAP                    loan agreement wherein GAP intends to borrow
   bermaksud meminjam dana kepada LTE dengan                        funds from LTE with a ceiling of Rp200 billion.
   plafon sebesar Rp200 miliar. Bunga atas pinjaman                 Interest on the loan is 10% per annum of the total
   adalah sebesar 10% per tahun dari total dana yang                funds received by GAP. This agreement has been
   telah diterima oleh GAP. Perjanjian ini telah diubah,            amended, latest related to renewal of loan maturity
   dengan perubahan terakhir atas perpanjangan jangka               date until September 23, 2026. The loan is used for
   waktu sampai dengan tanggal 23 September 2026.                   GAP’s working capital.
   Pinjaman dipergunakan untuk modal kerja GAP.

   Arch Advisory Limited                                            Arch Advisory Limited

   Utang lain-lain kepada Arch Advisory Limited                     Other payables to Arch Advisory Limited represents
   merupakan utang Perusahaan yang berasal dari jasa                payables of the Company which were derived from
   dan penggantian biaya atas restrukturisasi utang                 services and reimbursement costs related to the
   obligasi BLD Investments Pte. Ltd., Entitas Anak.                bond restructuring of BLD Investment Pte. Ltd., a
                                                                    Subsidiary.

   Rincian utang lain-lain berdasarkan mata uang adalah             The detail of other payables based on currencies
   sebagai berikut:                                                 denominated is as follows:

                                                2025               2024
    Rupiah                                       179.068            210.244                                 Rupiah
    Dolar Amerika Serikat                         35.447             35.123                     United States Dollar
    Total                                        214.515            245.367                                    Total




                                                           78
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PT BAKRIELAND DEVELOPMENT Tbk                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                   DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan          (Expressed in millions of Rupiah, unless otherwise
lain)                                                       stated)

23. BEBAN MASIH HARUS DIBAYAR DAN PROVISI                   23. ACCRUED EXPENSES AND PROVISION

                                              2025              2024
    Beban masih harus dibayar                                                                Accrued expenses
    Taksiran biaya fasilitas umum                                                     Estimated public and social
        dan sosial                            272.761            274.123                   facilities expenses
    Pengembangan tanah,                                                            Development of land, buildings
        bangunan dan prasarana                 80.704             88.817                    and infrastructure
    Bunga pinjaman                             42.870             39.043                              Loan interest
    Pajak dan denda pajak                       8.527             11.333                         Tax and penalties
    Kontraktor                                  4.377              2.446                                Contractor
    Sewa                                          879              4.411                                      Lease
    Lain-lain (masing-masing                                                                  Others (each below
        di bawah Rp2 miliar)                   45.217             48.191                         of Rp2 billion)
    Subtotal                                  455.335            468.364                                   Subtotal
    Provisi                                                                                              Provision
    Provisi (Catatan 47a)                      88.621             85.128                      Provision (Note 47a)
    Total                                     543.956            553.492                                      Total

   Pengembangan tanah, bangunan dan prasarana yang              Accrued development of land, buildings and
   masih    harus   dibayar  masing-masing     pada             infrastructure development in 2025 and 2024
   tahun 2025 dan 2024, merupakan estimasi dari                 represents estimated costs for the project
   pengembangan proyek PT Mutiara Masyhur                       development of PT Mutiara Masyhur Sejahtera for
   Sejahtera atas Kahuripan Nirwana Sidoarjo,                   Kahuripan Nirwana Sidoarjo, PT Graha Andrasentra
   PT Graha Andrasentra Propertindo Tbk atas                    Propertindo Tbk for J.Sky apartment and PT Bakrie
   apartemen J.Sky dan PT Bakrie Nirwana Realty atas            Nirwana Realty for residential estate Bumi Pakuan.
   Perumahan Bumi Pakuan.


24. UANG MUKA PELANGGAN                                     24. ADVANCES FROM CUSTOMERS

                                              2025              2024
    Pihak ketiga                                                                                       Third parties
    Penjualan tanah, rumah                                                           Sales of land, residential and
       dan apartemen                          272.040            288.112                              apartment
    Penyewaan dan pengelolaan                                                         Tenants and managements
       ruang perkantoran                       19.798             19.587                       of office spaces
    Penyewa ruangan dan                                                                     Tenants of space and
       lapangan                                14.612             16.250                                  courts
    Total pihak ketiga                        306.450            323.949                         Total third parties
    Pihak berelasi (Catatan 38e)                                                       Related parties (Note 38e)
    Penyewaan dan pengelolaan                                                         Tenants and managements
       ruang perkantoran                       22.824             16.900                     of office spaces
    Total                                     329.274            340.849                                      Total
    Dikurangi bagian yang direalisasi
       dalam satu tahun                       228.577            268.100             Less realized within one year
    Bagian jangka panjang                     100.697             72.749                       Long-term portion


   Seluruh uang muka pelanggan Grup dalam mata                  All of the Group’s advances from customers are
   uang Rupiah.                                                 denominated in Rupiah currency.




                                                       79
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                     DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

24. UANG MUKA PELANGGAN (Lanjutan)                            24. ADVANCES FROM CUSTOMERS (Continued)

   Pada tanggal 31 Desember 2025 dan 2024, uang                   As of December 31, 2025 and 2024, advances from
   muka pelanggan terutama atas penjualan tanah,                  customers mainly consisted          of sales of land,
   rumah dan apartemen termasuk di dalamnya liabilitas            residential and apartment including contract
   kontrak merupakan uang muka penjualan tanah dan                liabilities pertaining to advances for the sales of land
   bangunan Grup yang diterima dari pelanggan yang                and buildings of the Group received from customers
   kewajibannya belum terpenuhi.                                  whose obligations have not been satisfied.


25. PENDAPATAN DITANGGUHKAN                                   25. DEFERRED INCOME


                                               2025               2024
    Pihak ketiga                                                                                          Third parties
    Penyewa ruangan, lapangan                                                                Tenants of space, courts
       dan iuran keanggotaan                      5.327              9.087                  and membership fees
    Penyewaan dan pengelolaan                                                              Tenants and managements
       ruang perkantoran                              41                 55                       of office spaces
    Total pihak ketiga                            5.368              9.142                           Total third parties
    Pihak berelasi (Catatan 38f)                                                            Related parties (Note 38f)
    Penyewaan dan pengelolaan                                                              Tenants and managements
       ruang perkantoran                                 -           6.468                        of office spaces
    Total                                         5.368             15.610                                        Total
    Dikurangi bagian yang direalisasi
       dalam satu tahun                           4.821             14.762               Less realized within one year
    Bagian jangka panjang                           547                848                         Long-term portion

   Pendapatan ditangguhkan terutama merupakan                     Deferred income mainly consists of excess cash
   selisih lebih antara uang yang diterima dengan                 received over the income recognized.
   pengakuan pendapatan.


26. PERPAJAKAN                                                26. TAXATION

   a. Utang Pajak                                                 a. Taxes Payable

                                                 2025               2024
       Pajak penghasilan:                                                                                 Income taxes:
          Pasal 21                                 23.745             28.521                               Article 21
          Pasal 23 dan 26                           1.751              1.799                     Articles 23 and 26
          Pasal 25                                    421                269                               Article 25
          Pasal 29                                  9.809              8.851                               Article 29
          Pasal 4 (2)                              39.192             41.091                            Article 4 (2)
       Pajak Bumi Bangunan                         82.963             96.412                     Land and Building Tax
       Pajak Pertambahan Nilai                     50.252             47.033                          Value Added Tax
       Pajak Pembangunan I                          3.448              4.297                        Development Tax I
       Surat Ketetapan Pajak                                                                       Under Payment Tax
          Kurang Bayar                                2.361              3.714                   Assessment Letter
       Pajak Parkir Daerah                              537                539                       Local Parking Tax
       Pajak Hiburan                                    463                 71                       Entertainment Tax
       Total                                      214.942            232.597                                       Total




                                                         80
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

26. PERPAJAKAN (Lanjutan)                                       26. TAXATION (Continued)

   b. Beban Pajak Final                                             b. Final Income Tax

      Akun ini merupakan pajak penghasilan final atas                  This account represents final income tax on
      penjualan tanah dan bangunan, dan persewaan                      sales of land and buildings, and rental from
      dari Entitas Anak masing-masing sebesar                          Subsidiaries amounting to Rp16.12 billion and
      Rp16,12 miliar dan Rp12,68 miliar pada tanggal                   Rp12.68 billion as of December 31, 2025 and
      31 Desember 2025 dan 2024.                                       2024, respectively.

   c. Taksiran Manfaat (Beban) Pajak Penghasilan                    c. Provision for Income Tax Benefit (Expenses)

                                                   2025                2024
       Tahun berjalan - Entitas Anak                  (8.130)            (8.266)              Current Year - Subsidiaries
       Tangguhan - Entitas Anak                       (2.176)             2.253                   Deferred - Subsidiaries
       Neto                                         (10.306)             (6.013)                                       Net


   d. Rekonsiliasi  Pajak        Penghasilan    Badan               d. Reconciliation of the Consolidated Corporate
      Konsolidasian                                                    Income Tax

      Rekonsiliasi antara rugi sebelum manfaat (beban)                 A reconciliation between loss before income tax
      pajak seperti yang disajikan dalam laporan laba                  benefit (expense) as shown in the consolidated
      rugi   dan    penghasilan     komprehensif   lain                statements of profit or loss and other
      konsolidasian dengan taksiran rugi fiskal                        comprehensive income and the estimated fiscal
      Perusahaan untuk yang berakhir pada tanggal-                     loss of the Company for the years ended
      tanggal 31 Desember 2025 dan 2024 adalah                         December 31, 2025 and 2024 is as follows:
      sebagai berikut:

                                                   2025               2024
       Rugi sebelum manfaat (beban) pajak                                                Loss before income tax benefit
           penghasilan menurut laporan                                                (expense) in the consolidated
           laba rugi dan penghasilan                                                 statements of profit or loss and
           komprehensif lain konsolidasian          (31.779)           (95.935)        other comprehensive income
       Ditambah:                                                                                                 Addition:
           Laba Entitas Anak sebelum                                               Subsidiaries’ profit before income
               manfaat pajak - neto                 11.678              55.803                   tax benefit - net
       Rugi sebelum manfaat (beban)                                                              Loss before income tax
           pajak penghasilan yang dapat                                                benefit (expense) attributable
          diatribusikan kepada Perusahaan           (20.101)           (40.132)                      to the Company
       Beda tetap:                                                                               Permanent differences:
          Pajak dan denda                             1.594              1.888                       Tax and penalty
          Gaji, upah dan tunjangan                      415                231       Salaries, wages and allowance
          Representasi dan                                                                      Representation and
              sumbangan                                   160              278                         donations
          Penghasilan bunga yang                                                          Interest income subjected
              pajaknya bersifat final                  (327)              (485)                       to final tax
          Lain-lain                                   1.907             31.753                                 Others
       Total beda tetap                               3.749             33.665              Total permanent differences
       Taksiran rugi fiskal sebelum                                                          Estimated fiscal loss before
          kompensasi rugi fiskal                                                            fiscal loss compensation
          tahun sebelumnya                          (16.352)            (6.467)                  of the previous year




                                                          81
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PT BAKRIELAND DEVELOPMENT Tbk                                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                   DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                          (Expressed in millions of Rupiah, unless otherwise
lain)                                                                       stated)

26. PERPAJAKAN (Lanjutan)                                                   26. TAXATION (Continued)

                                                            2025                  2024
       Akumulasi rugi fiskal tahun                                                                             Accumulated fiscal loss of
          sebelumnya                                        (129.947)             (197.466)                          the previous year
       Rugi fiskal kadaluarsa                                100.183                51.465                            Expired fiscal losses
       Koreksi rugi fiskal dari Surat                                                                      Fiscal loss correction from Tax
          Ketetapan Pajak                                               -           22.521                         Assessment Letters
       Akumulasi rugi fiskal                                                                                    Accumulated fiscal loss
          akhir tahun                                        (46.116)             (129.947)                    at the end of the year

      Dalam laporan keuangan konsolidasian ini, jumlah                             In this consolidated financial statements, the
      taksiran rugi fiskal pada tahun 2025 seperti yang                            amount of estimated fiscal loss in 2025 as
      disajikan di atas akan dilaporkan oleh Perusahaan                            presented above will be reported by the
      dalam Surat       Pemberitahuan (SPT) Tahunan                                Company in its Annual Income Tax Return (SPT)
      Pajak Penghasilan kepada Kantor Pelayanan                                    to the Tax Office.
      Pajak.

   e. Pajak Tangguhan                                                           e. Deferred Tax

      Perhitungan manfaat pajak tangguhan Grup                                     Calculation of deferred tax benefits of the Group
      untuk tahun yang berakhir pada tanggal                                       for the years ended December 31, 2025 and
      31 Desember 2025 dan 2024 adalah sebagai                                     2024 is as follows:
      berikut:

                                                                       2025
                                                                          Dibebankan ke
                                                                            Penghasilan
                                                          Dikreditkan     Komprehensif
                                                         (Dibebankan)           Lain/
                                          Pada Awal      ke Laba Rugi/      Charged to        Pada Akhir
                                            Tahun/         Credited            Other            Tahun/
                                        At Beginning     (Charged) to Comprehensive           At End of
                                            of Year      Profit or Loss       Income             Year
       Aset Pajak Tangguhan                                                                                           Subsidiaries Deferred
       Entitas Anak                                                                                                              Tax Assets
        PT Bakrie Swasakti Utama                                                                                   PT Bakrie Swasakti Utama
             (konsolidasian)                  27.722            (2.532)              (67)          25.123                    (consolidated)
        PT Jasa Boga Raya                        176                (3)                -              173              PT Jasa Boga Raya
       Total aset pajak tangguhan             27.898            (2.535)              (67)          25.296           Total deferred tax assets
       Liabilitas Pajak Tangguhan                                                                                     Subsidiaries Deferred
       Entitas Anak                                                                                                           Tax Liabilities
       Entitas Anak:                                                                                                            Subsidiaries:
         PT Bakrie Swasakti                                                                                        PT Bakrie Swasakti Utama
             Utama (konsolidasian)            38.683               (359)                 -         38.324                    (consolidated)
       Total liabilitas pajak                                                                                              Total deferred tax
         tangguhan                            38.683               (359)                 -         38.324                          liabilities
       Aset (liabilitas) pajak                                                                                          Deferred tax assets
        tangguhan - neto                      (10.785)          (2.176)              (67)         (13.028)                (liabilities) - net




                                                                   82
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PT BAKRIELAND DEVELOPMENT Tbk                                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                             (Expressed in millions of Rupiah, unless otherwise
lain)                                                                          stated)

26. PERPAJAKAN (Lanjutan)                                                      26. TAXATION (Continued)

                                                                            2024
                                                                                        Dibebankan ke
                                                                                          Penghasilan
                                                           Dikreditkan                   Komprehensif
                                                          (Dibebankan)                        Lain/
                                           Pada Awal      ke Laba Rugi/ Pengambilalihan   Charged to    Pada Akhir
                                             Tahun/         Credited     Entitas Anak/       Other        Tahun/
                                         At Beginning     (Charged) to   Acquisition of Comprehensive   At End of
                                             of Year      Profit or Loss a Subsidiary       Income         Year
       Aset Pajak Tangguhan                                                                                                    Subsidiaries Deferred
       Entitas Anak                                                                                                                        Tax Assets
        PT Bakrie Swasakti Utama                                                                                           PT Bakrie Swasakti Utama
             (konsolidasian)                   25.652            2.256              -           (186)        27.722                  (consolidated)
        PT Jasa Boga Raya                         179               (3)             -              -            176             PT Jasa Boga Raya
       Total aset pajak tangguhan              25.831            2.253              -           (186)        27.898            Total deferred tax assets
       Liabilitas Pajak Tangguhan                                                                                                Subsidiaries Deferred
       Entitas Anak                                                                                                                       Tax Liabilities
       Liabilitas pajak tangguhan atas                                                                                     Deferred tax liabilities on fair
         penyesuaian nilai wajar                                                                                         value adjustment acquisition
         akuisisi Entitas Anak                    669             (669)                            -                 -                 of a Subsidiary
       Entitas Anak:                                                                                                                        Subsidiaries:
         PT Bakrie Swasakti                                                                                                  PT Bakrie Swasakti Utama
              Utama (konsolidasian)            35.549             669           2.465              -         38.683                     (consolidated)
       Total liabilitas pajak                                                                                                         Total deferred tax
         tangguhan                             36.218                -          2.465              -         38.683                           liabilities
       Aset (liabilitas) pajak                                                                                                      Deferred tax assets
        tangguhan - neto                       (10.387)          2.253         (2.465)          (186)       (10.785)                  (liabilities) - net



      Grup tidak mengakui aset pajak tangguhan yang                                      The Group does not recognize deferred tax
      berasal dari rugi fiskal, karena sebagian besar                                    assets resulting from tax losses, due to most of
      pendapatan Grup dikenakan pajak final dan                                          the Group is income is subject to final tax, and
      Entitas Anak      yang pendapatannya tidak                                         for the Subsidiaries whose income is not subject
      dikenakan pajak final, manajemen berpendapat                                       to final tax, management believes that there is
      bahwa terdapat ketidakpastian Entitas Anak                                         uncertainty on the Subsidiaries for having
      dalam memperoleh laba kena pajak yang                                              taxable profit which enables the utilization of the
      memungkinkan       pemanfaatan     aset   pajak                                    deferred tax assets from the tax losses.
      tangguhan dari rugi fiskal.

   f. Surat Ketetapan Pajak Kurang Bayar                                            f. Underpayment Tax Assessment Letter

      Pada tanggal 31 Desember 2025 dan 2024, Surat                                      On December 31, 2025 and 2024, Tax
      Ketetapan Pajak Kurang Bayar (SKPKB) dan                                           Underpayment Assessment Letter (SKPKB) and
      Surat Tagihan Pajak (STP) diterbitkan terkait                                      Tax Collection Letter (STP) were issued
      beberapa jenis pajak, beserta sanksi pajak yang                                    regarding several types of taxes, along with the
      harus dibayarkan oleh Grup, terutama milik                                         tax penalties to be paid by the Group, mainly
      Perusahaan dan BSU.                                                                those of the Company and BSU.

      Pada tanggal 31 Desember 2025 dan 2024, saldo                                      As of December 31, 2025 and 2024, the
      utang pajak SKPKB masing-masing sebesar                                            outstanding balance of SKPKB tax payables
      Rp2,36 miliar dan Rp3,71 miliar.                                                   amounted to Rp2.36 billion and Rp3.71 billion,
                                                                                         respectively.

      Pada tanggal 31 Desember 2025 dan 2024,                                            As of December 31, 2025 and 2024, accrued
      sanksi denda dan bunga pajak masih harus                                           taxes penalties and interest on SKPKB are
      dibayar atas SKPKB disajikan sebagai bagian dari                                   presented as part of “Accrued Expenses”
      akun “Beban Masih Harus Dibayar” dalam laporan                                     accounts in the consolidated statement of
      posisi keuangan konsolidasian (Catatan 23).                                        financial position (Note 23).




                                                                          83
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

26. PERPAJAKAN (Lanjutan)                                       26. TAXATION (Continued)

   g. Tarif Pajak                                                   g. Tax Rates

      Pendapatan Grup dari pengalihan hak atas tanah                   Revenue of the Group from the transfer of rights
      dan/atau bangunan dikenakan pajak final sebesar                  on land and/or buildings is subject to final tax of
      5% sampai dengan 7 September 2016 dan                            5% until September 7, 2016 and thereafter at
      setelah itu sebesar 2,5%, sedangkan pendapatan                   2.5%, while revenue from the lease is subject to
      dari sewa dikenakan pajak final sebesar 10%.                     final tax of 10%.

      Untuk pendapatan Grup yang tidak terkena pajak                   Revenue of the Group which is not subject to
      final, dikenakan tarif sebesar 22% atas jumlah                   final tax, is taxed 22% on the amount of its
      penghasilan kena pajak.                                          taxable income.

      Berdasarkan Peraturan Pemerintah Pengganti                       Pursuant to Government Regulation in Lieu of
      Undang-Undang Republik Indonesia No. 1 Tahun                     Law of the Republic of Indonesia No. 1 Year
      2020 tanggal 31 Maret 2020 dan telah ditetapkan                  2020 dated March 31, 2020 and has been
      menjadi Undang-Undang No. 2 Tahun 2020.                          established as Law No. 2 Year 2020.The
      Kebijakan     di  bidang  Perpajakan     berupa                  Taxation Policy in the form of an adjustment of
      penyesuaian tarif pajak penghasilan badan                        corporate income tax rate become 22% which
      menjadi sebesar 22% yang berlaku pada tahun                      applies commencing in the fiscal years 2020 and
      pajak 2020 dan 2021, dan sebesar 20% yang                        2021, and 20% applicable commencing from the
      berlaku mulai tahun pajak 2022. Wajib pajak                      fiscal year 2022. Domestic taxpayers in the form
      dalam negeri yang berbentuk perseroan terbuka                    of public listed companies with the number of
      dengan jumlah saham yang diperdagangkan pada                     shares traded on the Indonesian stock exchange
      bursa efek di Indonesia minimal 40%, dapat                       of at least 40%, can obtain a lower rate of 3% of
      memperoleh tarif lebih rendah 3% dari tarif                      the aforementioned rate.
      tersebut di atas.

      Pada tanggal 29 Oktober 2021, Pemerintah                         On October 29, 2021, the Government issued
      menerbitkan UU No. 7 Tahun 2021 tentang                          Law No. 7 of 2021 on the Harmonization of Tax
      Harmonisasi Peraturan Perpajakan, yang di                        Regulations, which stipulates that the corporate
      dalamnya menetapkan tarif pajak penghasilan                      income tax rate for 2022 is 22%, wherein the
      badan untuk tahun 2022 adalah sebesar 22%, di                    Government canceled the previous regulation,
      mana    Pemerintah   membatalkan    peraturan                    Law No. 2 of 2020 which stated that the
      sebelumnya yaitu UU No. 2 Tahun 2020 yang                        corporate income tax rate is 20%.
      menyebutkan tarif pajak penghasilan badan
      sebesar 20%.

   h. Administrasi                                                  h. Administration

      Di bawah Undang-Undang Perpajakan yang                           Under the taxation laws of Indonesia, companies
      berlaku di Indonesia, perusahaan menyerahkan                     submit tax returns on the basis of self-
      SPT berdasarkan penilaian sendiri.                               assessment.

      Berdasarkan       Undang-undang        Perpajakan                Based on Taxation Law No. 28/2007 concerning
      No. 28/2007 mengenai Ketentuan Umum dan Tata                     the General Provision and Procedure of
      Cara Perpajakan, DJP dapat menetapkan dan                        Taxation, DGT may assess or amend the tax
      mengubah liabilitas pajak tersebut dalam batas                   liability within five (5) years from the time the tax
      waktu lima (5) tahun sejak saat terutangnya pajak.               becomes due.




                                                           84
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                     DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

27. UTANG BANK JANGKA PANJANG                                 27. LONG-TERM BANK LOANS

                                                  2025             2024
    PT Bank Mayapada Internasional Tbk            137.000          221.000      PT Bank Mayapada Internasional Tbk
    PT Bank KB Indonesia Tbk                       83.297           91.958               PT Bank KB Indonesia Tbk
    PT Bank Perkreditan Rakyat Delta                                               PT Bank Perkreditan Rakyat Delta
       Artha (Perseroda)                           63.788           80.760                     Artha (Perseroda)
    PT Bank Mandiri                                                                                 PT Bank Mandiri
       (Persero) Tbk                               38.371                 -                        (Persero) Tbk
    PT Bank Tabungan Negara                                                              PT Bank Tabungan Negara
       (Persero) Tbk                               19.318          110.368                          (Persero)Tbk
    PT Bank Perkreditan Rakyat Hariarta                                         PT Bank Perkreditan Rakyat Hariarta
       Sedana                                      10.878           12.808                               Sedana
    PT Bank Panin Tbk                                  36              441                       PT Bank Panin Tbk
    PT BPR Intidana Sukses Makmur                       -           15.752          PT BPR Intidana Sukses Makmur
    Total                                         352.688          533.087                                       Total
    Dikurangi bagian yang tempo
       dalam waktu satu tahun                     142.219          165.784                        Less current portion
    Bagian jangka panjang                         210.469          367.303                        Long-term portion


   a. PT Bank       Mayapada      Internasional    Tbk            a. PT Bank Mayapada            Internasional    Tbk
      (Mayapada)                                                     (Mayapada)

      Pada tanggal 7 April 2016, PT Mutiara Masyhur                  On April 7, 2016, PT Mutiara Masyhur Sejahtera
      Sejahtera (MMS), Entitas Anak, memperoleh                      (MMS), a Subsidiary, obtained a working capital
      fasilitas pinjaman modal kerja dari Mayapada                   loan facility from Mayapada with a maximum
      dengan jumlah maksimum sebesar Rp326 miliar,                   amount of Rp326 billion, which consisted of:
      yang terdiri dari:

      1.   Fasilitas pinjaman tetap on demand sebesar                1. Fixed on demand loan facility of Rp300
           Rp300 miliar;                                                billion;
      2.   Fasilitas pinjaman rekening koran sebesar                 2. Current account loan facility of Rp26 billion.
           Rp26 miliar.

      Pinjaman tersebut dijamin dengan Sertifikat Hak                The loan was collateralized by the Building Right
      Guna Bangunan (SHGB) seluas 553.896 m2 yang                    of Use Certificate (SHGB) with an area of
      terletak di kecamatan Sukodono, Krian dan                      553,896 sqm which is located in the sub district
      Wonoayu.                                                       of Sukodono, Krian and Wonoayu.

      Fasilitas pinjaman ini telah beberapa kali                     This loan facility has been restructured several
      direstrukturisasi,    terakhir  pada    tanggal                times, the latest being on April 29, 2024, MMS
      29 April 2024, MMS memperoleh surat                            obtained a restructuring approval letter from
      persetujuan     restrukturisasi dari Mayapada                  Mayapada regarding a change in the interest rate
      mengenai perubahan tingkat suku bunga menjadi                  to 12% and a change in the maturity date to
      12% serta perubahan tanggal jatuh tempo menjadi                March 30, 2028.
      tanggal 30 Maret 2028.

      Pinjaman tersebut dijamin dengan tanah untuk                   The loan was collateralized by land for
      pengembangan yang dimiliki oleh MMS dan                        development owned by MMS and its Subsidiary,
      Entitas Anak dengan jaminan berupa Sertifikat                  secured by a Building Right of Use Certificate
      Hak Guna Bangunan (SHGB) seluas 468.206 m2,                    (SHGB) with an area of 468,206 m2, located in
      berlokasi di kecamatan Sukodono, Krian dan                     the subdistricts of Sukodono, Krian and
      Wonoayu.                                                       Wonoayu.




                                                         85
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                           27. LONG-TERM BANK LOANS (Continued)

   b. PT Bank KB Indonesia Tbk. (KB Indonesia)                         b. PT Bank KB Indonesia Tbk. (KB Indonesia)

      Rincian pinjaman kepada KB Indonesia adalah                         The detail of loan to KB Indonesia is as follows:
      sebagai berikut:

                                                      2025               2024
       PT Graha Andrasentra                                                                         PT Graha Andrasentra
          Propertindo Tbk                               83.297             91.398                      Propertindo Tbk
       PT Bakrie Swasakti Utama                              -                560                PT Bakrie Swasakti Utama
       Total                                            83.297             91.958                                      Total

      1. Pada      tanggal      31       Maret       2016,                1. On March 31, 2016, PT Graha Andrasentra
         PT Graha Andrasentra Propertindo Tbk (GAP),                         Propertindo Tbk (GAP), a Subsidiary,
         Entitas Anak, memperoleh fasilitas kredit                           obtained an investment credit facility (Credit
         investasi (Fasilitas Kredit I) yang akan                            Facility I) from KB Indonesia that was used for
         digunakan     untuk     pembiayaan       kembali                    refinancing The Jungle Water Park Bogor with
         The Jungle Waterpark Bogor dari KB Indonesia                        a credit ceiling amounting to Rp45 billion. This
         dengan jumlah pagu pinjaman sebesar                                 credit facility bears an annual interest rate of
         Rp45 miliar. Fasilitas kredit ini dikenai tingkat                   13% and was to be due on March 31, 2021.
         bunga tahunan sebesar 13% dan jatuh tempo                           This loan is secured with 12 SHGB of land
         pada tanggal 31 Maret 2021. Pinjaman ini                            and building with a total area of 68,998 m2
         dijaminkan dengan 12 SHGB atas tanah dan                            and 50 Certificate of Property Rights on
         bangunan seluas 68.998 m2 dan 50 Sertifikat                         Apartments (SHMARS) of Condotel Tower D
         Hak Milik Atas Satuan Rumah Susun                                   Aston Bogor Hotel and Resort.
         (SHMARS) atas unit kondotel Aston Bogor
         Hotel dan Resort Tower D.
      2. Pada tanggal 16 Mei 2013, GAP memperoleh                         2. On May 16, 2013, GAP obtained an
         fasilitas kredit investasi (Fasilitas Kredit II)                    investment credit facility (Credit Facility II)
         untuk pengembangan kawasan Bogor Nirwana                            from KB Indonesia amounting to Rp75 billion,
         Residence dari KB Indonesia sebesar Rp75                            which was used for the development of Bogor
         miliar. Fasilitas kredit ini akan jatuh tempo pada                  Nirwana Residence area. This credit facility
         bulan Juni 2020 dan dikenakan tingkat suku                          was to be due in June 2020 and bears an
         bunga tahunan sebesar 11%. Pinjaman ini                             annual interest rate of 11%. This loan is
         dijaminkan dengan 12 SHGB atas tanah dan                            secured with 12 SHGB of land and building
         bangunan seluas 68.998 m2 dan 50 Sertifikat                         with an area of 68,998 m2 and 50 Certificates
         Hak Milik Atas Satuan Rumah Susun                                   of Property Rights on Apartments (SHMARS)
         (SHMARS) atas unit kondotel Aston Bogor                             of Condotel Tower D Aston Bogor Hotel and
         Hotel dan Resort Tower D.                                           Resort.

      Fasilitas kredit di atas telah direstrukturisasi                    The credit facilities mentioned above have been
      beberapa kali, yang terakhir pada tanggal                           restructured several times, with the most recent
      27 Agustus 2025, dimana GAP memperoleh                              restructuring on August 27, 2025, in which GAP
      persetujuan restrukturisasi atas seluruh fasilitas                  obtained approval for the restructuring of all
      kredit dari Bank KB berdasarkan surat persetujuan                   credit facilities from Bank KB based on the Credit
      Restrukturisasi      Fasilitas   Kredit      untuk                  Facility Restructuring Approval Letter to obtain
      mendapatkan        perpanjangan       pembayaran                    an extension for the installment payments that
      angsuran yang harus dibayar oleh GAP sebagai                        GAP is required to pay as follows:
      berikut:
       - Jatuh tempo pinjaman telah diperpanjang                          -   Loan maturity dates have been extended to
           menjadi Juni 2029 untuk Fasilitas Kredit I dan                     June 2029 for Credit Facility I and II.
           II.
       - Tingkat suku bunga tahunan adalah 6%.                            -   Annual interest rate is 6%.
       - Bulan pertama sampai dengan bulan ke                             -   The first month to the twelfth month is paid
           duabelas dibayarkan Rp500 juta.                                    Rp500 million.
       - Bulan ke tigabelas sampai jatuh tempo                            -   Thirteenth month until maturity is paid
           dibayarkan sesuai jadwal pelunasan.                                according to the repayment schedule.
       - Bunga yang ditangguhkan dibayarkan diakhir                       -   Deferred interest is paid at the end of the
           jatuh tempo fasilitas.                                             facility’s maturity.



                                                              86
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                         27. LONG-TERM BANK LOANS (Continued)

       Berdasarkan perjanjian kredit dengan KB                          According to the loan agreement with KB
       Indonesia, selama fasilitas kredit belum dilunasi,               Indonesia, if the credit is not yet fully paid, GAP
       GAP dibatasi untuk melakukan hal-hal tersebut di                 is restricted from performing the following actions
       bawah ini tanpa persetujuan tertulis dari KB                     without prior written approval from KB Indonesia:
       Indonesia:
      1. Memberikan pinjaman kepada anggota Grup                        1. Provide loans to other Group members or
          yang lain atau kepada pihak lain yang tidak                      other parties which are not related to the
          berkaitan dengan bidang usaha GAP.                               GAP's business line.
      2. Melakukan pembayaran/pelunasan pinjaman                        2. Pay off/settle any loans to shareholders.
          kepada pemegang saham.
      3. Melakukan overdraft dan cross selling.                         3. Perform overdraft and cross selling.
      4. Melakukan perubahan komposisi pemegang                         4. Perform changes to composition                of
          saham.                                                           shareholders.
      3. Pada bulan Juli 2014, BSU, Entitas Anak,                       3. In July 2014, BSU, a Subsidiary, obtained an
         memperoleh fasilitas pinjaman kredit investasi                    investment credit loan facility from KB
         dari KB Indonesia dengan jumlah maksimum                          Indonesia with a maximum amount of
         sebesar Rp45 miliar. Fasilitas pinjaman ini                       Rp45 billion. This loan facility bears an annual
         dikenakan tingkat suku bunga sebesar 14%                          interest rate of 14% and was due within sixty
         per tahun dan akan jatuh tempo dalam waktu                        (60) months. This loan was secured by
         enam puluh (60) bulan. Pinjaman ini dijamin                       Certificates of Property Rights on Apartments
         dengan Sertifikat Hak Milik Atas Satuan                           (SHMARS) owned by BSU of 79 condotel
         Rumah Susun (SHMARS) milik BSU atas 79                            units with a total area of 6,398 m2 and two (2)
         unit condotel dengan luas total 6.398 m2 dan                      units of office space in Bakrie Tower with a
         dua (2) unit ruang kantor di Bakrie Tower                         total area of 2,860.7 m2. BSU has withdrawn
         dengan luas total 2.860,7 m2. BSU telah                           all the available credit facilities amounting to
         mencairkan seluruh fasilitas kredit yang                          Rp45 billion.
         tersedia sebesar Rp45 miliar.
         Sehubungan dengan pinjaman tersebut di atas,                      In relation to the above loans, BSU is obliged
         BSU diwajibkan memenuhi persyaratan                               to fulfill certain requirements, which, among
         tertentu, antara lain:                                            others are:
         1. Menyesuaikan posisi utang PT Superwish                         1. Adjusting the payables of PT Superwish
             Perkasa (SP) dengan posisi saldo utang                            Perkasa (SP) to the latest outstanding
             terakhir setelah dilakukan pelunasan                              payables after partial repayment and
             sebagian dan tercatat di dalam laporan                            carried in BSU’s financial statement as of
             keuangan BSU per September 2014;                                  September 2014;
         2. Menyerahkan letter of comfort dari                             2. Submitting a letter of comfort from the
             Perusahaan, pemegang saham, yang                                  Company, the shareholder, which stated if
             menyatakan bahwa apabila terjadi arus kas                         there is negative cash flow, the Company
             negatif, maka Perusahaan harus memenuhi                           has to fulfill all of the obligation to KB
             seluruh kewajiban kepada KB Indonesia;                            Indonesia;
         3. Menyerahkan Laporan Kinerja Aston                              3. Providing a Performance Report of Aston
             Rasuna Hotel Epicentrum Jakarta yang                              Rasuna Hotel Epicentrum Jakarta that
             mencantumkan rasio okupansi, tarif rata-                          contains the occupancy ratio, average
             rata kamar, dan laba rugi setiap bulan;                           room rates and profit or loss every month;
         4. Menyerahkan         laporan  kinerja    ruang                  4. Providing performance report of office
             perkantoran (Bakrie Tower lantai 41-42,                           space (Bakrie Tower floors 41-42, Wisma
             Gedung Wisma Bakrie 1 dan Gedung                                  Bakrie 1 and Wisma Bakrie 2) that
             Wisma Bakrie 2) yang meliputi laporan                             includes the occupancy report, rental price
             okupansi, harga sewa dan service charge,                          and service charge, as well as list of
             beserta daftar tenan;                                             tenants;
         5. Menyerahkan laporan kinerja operasional                        5. Providing performance reports on Plaza
             Plaza Festival yang meliputi laporan rasio                        Festival operations covering occupancy
             okupansi, dan harga sewa serta service                            ratio reports, and rental price and service
             charge beserta daftar tenan;                                      charge along with a tenant list;




                                                            87
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PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                             DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                              27. LONG-TERM BANK LOANS (Continued)

         6. Jaminan diasuransikan dengan asuransi                              6. The guarantee is insured under Property
            Property All Risk (PAR) dengan klausul                                All Risk (PAR) insurance with a banker’s
            banker’s clause KB Indonesia melalui                                  clause of KB Indonesia through KB
            asuransi rekanan KB Indonesia dan ditutup                             Indonesia’s insurance partner and closed
            melalui PT Bina Dana Sejahtera;                                       through PT Bina Dana Sejahtera;
         7. Menjaga rasio jaminan minimal 1:1,25 dari                          7. Maintaining the minimum guarantee ratio
            nilai likuidasi jaminan.                                              of 1:1.25 of the guarantee liquidation
                                                                                  value.
         Perjanjian ini telah mengalami perubahan,                             This agreement has been amended, the latest
         terakhir pada tanggal 28 Juli 2021, BSU                               on July 28, 2021, BSU obtained a letter of
         memperoleh surat persetujuan restrukturisasi                          approval for the restructuring of credit facilities
         fasilitas kredit dari Bukopin mengenai                                from Bukopin regarding the change in loan
         perubahan jatuh tempo pada tanggal                                    maturity to March 31, 2025, change of interest
         31 Maret 2025, perubahan tingkat suku bunga                           rate to 12% p.a., and change of principal and
         menjadi 12% per tahun, serta perubahan                                interest payment schedule. Interest and
         jadwal pembayaran pokok dan bunga. Bunga                              penalties from the previous restructuring loan
         dan denda dari pinjaman restrukturisasi                               will be paid in the 19th month since the
         sebelumnya akan dibayarkan pada bulan ke-19                           restructuring until the credit facility is paid off
         sejak restrukturisasi sampai dengan fasilitas                         on a prorated basis including changes are as
         kredit lunas secara prorata, termasuk beberapa                        follows:
         perubahan sebagai berikut:

         1. BSU diwajibkan memenuhi persyaratan                                1. BSU is required to meet additional
            tambahan, antara lain:                                                requirements, including:
             a. BSU wajib mendahulukan pembayaran                                a. BSU is required to prioritize payment of
                kewajiban kepada PT Bank KB                                          obligations to PT Bank KB Indonesia
                Indonesia Tbk sebelum pembayaran                                     Tbk before payment to other third
                kepada pihak ketiga lainnya.                                         parties.
             b. Apabila BSU wanprestasi, maka                                    b. If BSU defaults, then all obligations and
                seluruh kewajiban dan keringanan                                     relief provided will be recalculated so
                yang        telah       diberikan        akan                        that     according    to     the    Bank's
                diperhitungkan       kembali.      Sehingga                          assessment, BSU does not have the
                menurut penilaian Bank, BSU tidak                                    ability to settle credit obligations, then
                memiliki          kemampuan             untuk                        the bank has the right to conduct a
                menyelesaikan         kewajiban        kredit,                       direct auction/execution or transfer the
                dengan       demikian       bank      berhak                         Bank's collection rights to a third party.
                melakukan lelang/eksekusi secara
                langsung atau mengalihkan hak tagih
                Bank kepada pihak ketiga.
             c. Pembayaran          kembali       (termasuk                       c. The repayment schedule (including
                pembayaran bunga) ditinjau setiap                                    interest payments) is reviewed every
                bulan                dan               dapat                         month and can be adjusted/increased
                disesuaikan/ditingkatkan oleh bank                                   by the bank at any time if BSU's
                sewaktu-waktu apabila kondisi usaha                                  business conditions improve.
                BSU membaik.
             d. BSU diperkenankan untuk melakukan                                 d. BSU        can       make     accelerated
                percepatan         pembayaran/pelunasan                              payments/settlements and is not
                tanpa dikenakan denda.                                               subject to penalties.
             e. Jaminan dinilai kembali (relaksasi)                               e. The guarantee will be reassessed
                sekurang-kurangnya setiap 12 (dua                                    (relaxed) at least every 12 (twelve)
                belas) bulan sekali oleh perusahaan                                  months by an independent appraisal
                penilai independen rekanan bank                                      company partnering with the bank in
                sesuai ketentuan bank.                                               accordance with bank regulations.
             f. Seluruh jaminan dibebani dengan                                   f. All collateral is burdened with the bank's
                banker's clause melalui perusahaan                                   banker's clause through the bank's
                asuransi rekanan bank sampai dengan                                  partner insurance company until the
                fasilitas kredit lunas.                                              credit facility is completed.




                                                                 88
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                         27. LONG-TERM BANK LOANS (Continued)

               g. Fasilitas kredit ini dapat menjadi non-                     g. This credit facility can be non-
                  restruktur bila telah lancar sesuai                            restructured if it has been smooth in
                  dengan restrukturisasi kredit.                                 accordance with the credit restructuring.

         2. Pelepasan jaminan semula, antara lain:                         2. Changes to the original guarantee, among
                                                                              others:
               a. 79 unit kondotel dengan total luas                          a. 79 condotel units with a total area of
                  6.398 m2 menjadi 40 unit kondotel                               6,398 m2 become 40 condotel units
                  dengan total luas 3.460 m2.                                     with a total area of 3,460 m2.
               b. Dua (2) unit ruang kantor di Bakrie                         b. Two (2) units of office space in Bakrie
                  Tower seluas 2.860,7 m2 menjadi satu                            Tower with a total area of 2,860.7 m2
                  (1) unit dengan luas 1.430,35 m2.                               become one (1) unit with a total area
                                                                                  of 1,430.35 m2.

         Pinjaman ini telah dilunasi pada tanggal                          This loan was settled on February 28, 2025.
         28 Februari 2025.

   c. PT Bank Perkreditan Rakyat (BPR) Delta Artha                   c. PT Bank Perkreditan Rakyat (BPR) Delta
      (Perseroda) (BPR Delta)                                           Artha (Perseroda) (BPR Delta)

      Rincian pinjaman kepada BPR Delta adalah                          The detail of loan to BPR Delta is as follows:
      sebagai berikut:

                                                     2025              2024
       PT Mutiara Masyhur Sejahtera                   35.899             43.767            PT Mutiara Masyhur Sejahtera
       PT Graha Istana Nirwana                        27.889             36.993                PT Graha Istana Nirwana
       Total                                          63.788             80.760                                      Total

      1. Pada tanggal 26 Juni 2024, PT Mutiara                          1. On June 26, 2024, PT Mutiara Masyhur
         Masyhur Sejahtera (MMS), Entitas Anak,                            Sejahtera (MMS), a Subsidiary, entered into
         menandatangani perjanjian utang sindikasi                         syndication loan facility agreement with
         dengan PT BPR Delta Artha (Perseroda),                            PT BPR Delta Artha (Perseroda), PD BPR
         PD     BPR     Bank    Daerah      Bojonegoro,                    Bank Daerah Bojonegoro, PT BPR Jwalita
         PT BPR Jwalita Trenggalek (Perseroda),                            Trenggalek (Perseroda), PT BPR Majatama
         PT       BPR       Majatama       (Perseroda),                    (Perseroda), PT BPR Bank Tulungagung
         PT BPR Bank Tulungagung (Perseroda),                              (Perseroda), PT BPR Tapin Selatan Mandiri
         PT BPR Tapin Selatan Mandiri Sejahtera,                           Sejahtera, PT BPR Danumas Binadhana,
         PT       BPR        Danumas         Binadhana,                    PT BPR Kotabaru (Perseroda), Perumda
         PT       BPR       Kotabaru        (Perseroda),                   BPR Daerah Kabupaten Madiun, PT BPR
         Perumda BPR Daerah Kabupaten Madiun,                              Bank Bulungan (Perseroda), PT BPR Surya
         PT BPR Bank Bulungan (Perseroda),                                 Artha Utama (Perseroda). BPR Delta was
         PT BPR Surya Artha Utama (Perseroda).                             appointed as the coordinator of the
         BPR Delta ditunjuk sebagai koordinator                            syndicated loan. The eleven banks provided a
         pinjaman sindikasi tersebut. Kesebelas bank                       maximum credit facility of Rp39 billion. This
         tersebut memberikan fasilitas kredit maksimum                     loan is used to pay off land for the Kahuripan
         sebesar Rp39 miliar. Pinjaman ini digunakan                       Nirwana Project in Sidoarjo.
         untuk pelunasan lahan untuk Proyek Kahuripan
         Nirwana di Sidoarjo.

         Pinjaman ini dikenakan tingkat suku bunga                         This loan is subject to an interest rate of
         10,75% per tahun dan akan jatuh tempo pada                        10.75% per annum and will mature on
         tanggal 26 Juni 2029.                                             June 26, 2029.


         Pinjaman tersebut dijamin dengan tanah milik                      The loan was collateralized by land of MMS
         MMS dan Entitas Anak atas Sertifikat Hak                          and Subsidiaries of the Building Right of Use
         Guna Bangunan (SHGB) seluas 4.396 m2 dan                          Certificate (SHGB) with an area of 4.396 m2
         Sertifikat Hak Milik (SHM) seluas 11.117 m2                       and Certificate of Ownership (SHM) with an
         yang terletak di kecamatan Buduran dan                            area of 11,117 m2 which are located in the
         Wonoayu.                                                          subdistricts of Buduran and Wonoayu.

                                                            89
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                       27. LONG-TERM BANK LOANS (Continued)

      2. Pada tanggal 26 Juni 2024, PT Graha Istana                   2. On June 26, 2024, PT Graha Istana Nirwana
         Nirwana (GIN), Entitas Anak, menandatangani                    (GIN), a Subsidiary, entered into syndication
         perjanjian utang sindikasi dengan PT BPR                       loan facility agreement with PT BPR Delta
         Delta Artha (Perseroda), PD BPR Bank Daerah                    Artha (Perseroda), PD BPR Bank Daerah
         Bojonegoro, PT BPR Jwalita Trenggalek                          Bojonegoro, PT BPR Jwalita Trenggalek
         (Perseroda), PT BPR Bank Jombang                               (Perseroda), PT BPR Bank Jombang
         (Perseroda), PT BPR Kota Pasuruan, PT BPR                      (Perseroda), PT BPR Kota Pasuruan,
         Majatama (Perseroda), PT BPR Surya Artha                       PT        BPR         Majatama        (Perseroda),
         Utama (Perseroda), PT BPR Anjuk Ladang                         PT BPR Surya Artha Utama (Perseroda),
         (Perseroda), PT BPR Bank Tulungagung                           PT      BPR    Anjuk      Ladang      (Perseroda),
         (Perseroda), Perumda BPR Daerah Kabupaten                      PT BPR Bank Tulungagung (Perseroda),
         Madiun, PT BPR Tapin Sejahtera, PT BPR                         Perumda BPR Daerah Kabupaten Madiun,
         Baturaja (Perseroda), PT BPR Danumas                           PT BPR Tapin Sejahtera, PT BPR Baturaja
         Binadhana (Perseroda). BPR Delta ditunjuk                      (Perseroda), PT BPR Danumas Binadhana
         sebagai    koordinator    pinjaman  sindikasi                  (Perseroda). BPR Delta was appointed as the
         tersebut.   Ketiga    belas    bank  tersebut                  coordinator of the syndicated loan. The
         memberikan fasilitas kredit maksimum sebesar                   thirteen banks provided a maximum credit
         Rp42 miliar. Pinjaman ini digunakan untuk                      facility of Rp42 billion. This loan is pledged for
         investasi dengan tingkat suku bunga sebesar                    investment subject to an interest rate of 11.5%
         11,5% per tahun, dan akan jatuh tempo pada                     per      annum       and     will    mature    on
         tanggal 26 Juni 2028.                                          June 26, 2028.


         Pinjaman tersebut dijamin dengan Sertifikat                     The loan was secured by the Building Right of
         Hak Guna Bangunan (SHGB) No. 1382 dan                           Use Certificate (SHGB) No. 1382 and 1383
         1383 seluas 4.396 m2 yang terletak di Desa                      with an area of 4,396 m2 which is located in
         Entalsewu.                                                      the Entalsewu Village.

   d. PT Bank Tabungan Negara (Persero) Tbk (BTN)                  d. PT Bank Tabungan Negara (Persero) Tbk
                                                                      (BTN)

      Rincian pinjaman kepada BTN adalah sebagai                      The detail of loan to BTN is as follows:
      berikut:

                                                  2025               2024
       PT Graha Multi Insani                        19.318             26.118                     PT Graha Multi Insani
       PT Bumi Daya Makmur                               -             84.250                    PT Bumi Daya Makmur
       Total                                        19.318            110.368                                       Total


      1. Pada       tanggal     22     April      2013,               1. On April 22, 2013, PT Bumi Daya Makmur
         PT Bumi Daya Makmur (BDM), Entitas Anak,                        (BDM), a Subsidiary, obtained a Construction
         memperoleh fasilitas Kredit Konstruksi dari                     Credit facility from BTN with a credit ceiling
         BTN dengan jumlah maksimum sebesar                              amounting to Rp175 billion. The loan was
         Rp175 miliar. Pinjaman tersebut ditujukan                       intended for the construction of 324 units of
         untuk pembangunan kondotel Ocea sebanyak                        Ocea condotel with a loan period of four
         324 unit dengan jangka waktu pinjaman                           (4) years. This loan bears an annual interest
         selama empat (4) tahun. Pinjaman ini dikenai                    rate of 13.50%. This loan was secured with
         tingkat suku bunga sebesar 13,50% per tahun.                    SHGB No. 327 under the name of BDM, a
         Pinjaman ini dijamin dengan kepemilikan                         Subsidiary,        with   an     area        of
         SHGB No. 327 atas nama BDM, Entitas Anak,                       11,052 m2,corporate guarantee from the
         seluas 11.052 m2, corporate guarantee dari                      Company, standing instructions signed by
         Perusahaan, standing instructions yang                          authorized parties and cessie of receivables
         ditandatangani oleh pihak yang sah dan cessie                   from BDM, a Subsidiary, related to all Ocea
         atas piutang BDM, Entitas Anak, terkait semua                   condotel projects.
         proyek kondotel Ocea.




                                                          90
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                        27. LONG-TERM BANK LOANS (Continued)

         Fasilitas pinjaman ini telah beberapa kali                       This loan agreement has been restructured
         direstrukturisasi, terakhir pada    tanggal                      several times, the latest on August 22, 2022,
         22 Agustus 2022, dan akan jatuh tempo pada                       and will be due on December 24, 2027.
         tanggal 24 Desember 2027.

         Pada tanggal 29 September 2025, BDM                              On September 29, 2025, BDM obtained an
         memperoleh surat persetujuan dari BTN atas                       approval letter from BTN for the restructuring
         restrukturisasi fasilitas kredit dengan pagu                     of its credit facility with a loan ceiling of
         pinjaman sebesar Rp78,5 miliar, serta tingkat                    Rp78.5 billion. The facility bears an interest
         suku bunga menjadi 6,7% per tahun dan akan                       rate of 6.7% per annum and will mature on
         jatuh tempo pada tanggal 29 September 2026.                      29 September 2026. The loan is intended to
         Pinjaman ini digunakan untuk penyelesaian                        finance the completion of the Condotel Ocea
         Proyek Condotel Ocea yang berlokasi di                           Project located in Setiabudi, South Jakarta.
         Setiabudi, Jakarta Selatan. Efektif setelah                      Following the completion of the restructuring
         proses restrukturisasi tersebut selesai, saldo                   process, the bank loan balance that was
         utang bank yang sebelumnya disajikan                             previously presented as part of long-term
         sebagai bagian dari akun utang bank jangka                       bank loans was reclassified to short-term
         panjang direklasifikasi menjadi utang bank                       bank loans.
         jangka pendek.

      2. Pada      tanggal    16     Januari      2013,                2. On January 16, 2013, PT Graha Multi Insani
         PT Graha Multi Insani (GMI), Entitas Anak,                       (GMI), a Subsidiary, obtained a Credit
         memperoleh fasilitas Kredit Konstruksi dari                      Construction facility from BTN with a credit
         BTN dengan jumlah maksimum sebesar                               ceiling of Rp70 billion. This loan bears an
         Rp70 miliar. Pinjaman ini dikenakan tingkat                      annual interest rate of 13.50%. This loan
         suku bunga tahunan sebesar 13,50% dengan                         bears an annual interest rate of 13.50% with a
         periode pinjaman 36 bulan yang jatuh tempo                       loan period of 36 months which will mature on
         pada tanggal 16 Januari 2016. Pinjaman ini                       January 16, 2016. This loan was secured with
         dijamin dengan SHGB No. 90/Mantrijeron                           SHGB No. 90/Mantrijeron with an area of
         seluas 8.761 m2, yang berlokasi di Mantrijeron,                  8,761 m2, located at Mantrijeron, Yogyakarta
         Yogyakarta atas nama GMI, Entitas Anak, dan                      owned by GMI, a Subsidiary, and cessie of
         cessie atas piutang usaha terkait proyek                         trade receivables associated with Awana
         Awana Kondotel dan Town House Yogyakarta.                        Condotel and Town House Yogyakarta
                                                                          project.

         Fasilitas pinjaman ini telah beberapa kali                       This loan agreement has been restructured
         direstrukturisasi, terakhir pada    tanggal                      several times, the latest on April 21, 2022,
         21 April 2022 dan jatuh tempo pada tanggal                       and was due on December 16, 2025. Until the
         16 Desember 2025. Sampai dengan tanggal                          completion date of the consolidated financial
         penyelesaian laporan keuangan konsolidasian                      statements, the addendum of the loan facility
         ini diterbitkan, adendum atas perjanjian                         agreement is still in process.
         fasilitas pinjaman ini masih dalam proses
         perpanjangan.

   e. PT Bank Mandiri (Persero) Tbk. (Mandiri)                      e. PT Bank Mandiri (Persero) Tbk. (Mandiri)

      Pada tanggal 5 Mei 2025, PT Provices Indonesia                   On May 5, 2025, PT Provices Indonesia (PVI), a
      (PVI), Entitas anak, memperoleh fasilitas pinjaman               Subsidiary, obtained an investment loan facility
      kredit investasi dari Mandiri. Bank memberikan                   from Mandiri. These banks provided a maximum
      fasilitas kredit maksimum sebesar Rp21 miliar.                   credit facility of Rp21 billion. The loan is intended
      Pinjaman ini digunakan untuk modal kerja dengan                  for working capital purposes, with an annual
      tingkat suku bunga 10% per tahun dan akan jatuh                  interest rate of 10%, and will mature on April 5,
      tempo pada tanggal 5 April 2029. Pinjaman                        2029. The loan is secured by fixed assets
      tersebut dijamin dengan aset tetap bangunan                      building covering 596 m2, located in Epicentrum
      seluas 596 m2 yang terletak di Kawasan                           Area, Kuningan.
      Epicentrum, Kuningan.




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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)
      Pada tanggal 24 Desember 2025, PT Provices                         On December 24, 2025, PT Provices Indonesia
      Indonesia (PVI), Entitas Anak, memperoleh                          (PVI), a Subsidiary, obtained credit facilities from
      fasilitas kredit dari PT Bank Mandiri (Persero) Tbk                PT Bank Mandiri (Persero) Tbk comprising a
      yang terdiri dari fasilitas kredit modal kerja non-                non-revolving working capital facility of Rp20
      revolving sebesar Rp20 miliar dan fasilitas kredit                 billion and a revolving transactional working
      modal kerja transaksional revolving sebesar                        capital facility of Rp10 billion. These facilities are
      Rp10 miliar. Fasilitas tersebut digunakan untuk                    used for working capital purposes, bear interest
      keperluan modal kerja, dikenakan tingkat suku                      at 9.75% per annum, and will mature within 36
      bunga sebesar 9,75% per tahun, dan masing-                         months and 12 months, respectively, from the
      masing akan jatuh tempo dalam jangka waktu 36                      date of signing of the credit agreement. The
      bulan      dan      12    bulan     sejak   tanggal                facilities are secured by fiduciary transfer of trade
      penandatanganan perjanjian kredit. Fasilitas ini                   receivables amounting to Rp37.5 billion and an
      dijamin dengan jaminan fidusia atas piutang usaha                  office space unit with an area of 1,430.35 m²
      sebesar Rp37,5 miliar serta satu unit ruang kantor                 located at Bakrie Tower, Kuningan, South
      dengan luas 1.430,35 m² yang berlokasi di Bakrie                   Jakarta.
      Tower, Kuningan, Jakarta Selatan.

   f. PT Bank Perekonomian            Rakyat     Hariarta             f. PT Bank Perekonomian             Rakyat     Hariarta
      Sedana (BPR Hariarta)                                              Sedana (BPR Hariarta)
      Pada tanggal 6 November 2024, PT Provices                          On November 6, 2024, PT Provices Indonesia
      Indonesia (PVI), Entitas anak, memperoleh                          (PVI), a Subsidiary, obtained a working capital
      fasilitas pinjaman modal kerja atas uang sindikasi                 loan facility from a syndicated loan with BPR
      dengan BPR Hariarta, PT Bank Perekonomian                          Hariarta, PT Bank Perekonomian Rakyat Gianyar
      Rakyat Gianyar Parta Sedana, PT Bank                               Parta Sedana, PT Bank Perekonomian Rakyat
      Perekonomian Rakyat Parasari Urati, PT Bank                        Parasari Urati, PT Bank Perekonomian Rakyat
      Perekonomian Rakyat Dana Mitra Sukses,                             Dana Mitra Sukses, PT Bank Perekonomian
      PT Bank Perekonomian Rakyat Lingga Sejahtera ,                     Rakyat       Lingga     Sejahtera,  PT     Bank
      PT Bank Perekonomian Rakyat Satya Mitra                            Perekonomian Rakyat Satya Mitra Andalan,
                                                                         PT Bank Perkreditan Rakyat Dana Mulia
      Andalan, PT Bank Perkreditan Rakyat Dana Mulia
                                                                         Sejahtera, PT Bank Perekonomian Rakyat Dana
      Sejahtera, PT Bank Perekonomian Rakyat Dana
                                                                         Nagoya, PT Bank Perekonomian Rakyat Niaga
      Nagoya, PT Bank Perekonomian Rakyat Niaga                          Mandiri, PT Bank Perekonomian Rakyat Ciledug
      Mandiri, PT Bank Perekonomian Rakyat Ciledug                       Dhana Semesta, PT Bank Perekonomian Rakyat
      Dhana Semesta, PT Bank Perekonomian Rakyat                         Surya Artha Utama Perseroda, PT Bank
      Surya Artha Utama Perseroda, PT Bank                               Perekonomian Rakyat Magga Jaya, PT Bank
      Perekonomian Rakyat Magga Jaya, PT Bank                            Perkreditan      Rakyat    Bahtera  Masyarakat,
      Perkreditan Rakyat Bahtera Masyarakat, PT Bank                     PT Bank Perekonomian Rakyat Pandanaran
      Perekonomian Rakyat Pandanaran Jaya, PT Bank                       Jaya, and PT Bank Perkreditan Rakyat Tapin
      Perkreditan Rakyat Tapin Sejahtera, di mana BPR                    Sejahtera, where BPR Hariarta was appointed
      Hariarta ditunjuk sebagai kreditur sindikasi. Kelima               as the syndicated creditor. These fifteen banks
      belas bank tersebut memberikan fasilitas kredit                    provided a maximum credit facility of
      maksimum sebesar Rp13 miliar.                                      Rp13 billion.

      Pinjaman ini digunakan untuk modal kerja dengan                    The loan is intended for working capital
      tingkat suku bunga 16% per tahun dan akan jatuh                    purposes, with an annual interest rate of 16%,
      tempo pada tanggal 6 November 2029. Pinjaman                       and will mature on November 6, 2029. The loan
      tersebut dijamin dengan tanah Hak Guna                             is secured by Building Right of Use (HGB) land
      Bangunan (HGB) seluas 3.146 m2 yang terletak di                    covering 3,146 m2, located in Sidoarjo, East
      Sidoarjo, Jawa Timur.                                              Java.

   g. PT Bank Panin Tbk (Panin)                                       g. PT Bank Panin Tbk (Panin)

      Pada tanggal 28 Juli 2017, PT Jasa Boga Raya                       On July 28, 2017, PT Jasa Boga Raya (JBR), a
      (JBR), Entitas Anak, memperoleh fasilitas                          Subsidiary, obtained a loan facility from Panin
      pinjaman dari Panin dengan jumlah maksimum                         with a maximum amount of Rp2 billion and bears
      sebesar Rp2 miliar dan tingkat suku bunga                          an annual interest rate of 10.50% and will be due
      sebesar 10,50% per tahun serta akan jatuh tempo                    within seven (7) years. The loan was used for
      selama tujuh (7) tahun. Pinjaman ini digunakan                     purchase of shophouses located at Citaringgul,
      untuk pembiayaan pembelian ruko yang terletak di                   Bogor, West Jawa. This loan was secured with
      Citaringgul, Bogor, Jawa Barat. Pinjaman ini                       those shophouses.
      dijamin dengan ruko tersebut.

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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                         27. LONG-TERM BANK LOANS (Continued)

      Perjanjian ini telah diperbarui, terakhir pada                    This agreement has been amended, the latest
      tanggal 2 Agustus 2022, mengenai penangguhan                      on August 2, 2022, regarding postponements of
      pembayaran pokok pinjaman selama enam (6)                         principal payment for six (6) months, change of
      bulan, perubahan tingkat suku bunga menjadi                       the interest rate to 9 % per annum and loan
      sebesar 9% per tahun dan perubahan jatuh tempo                    maturity to January 28, 2026 (Note 49a).
      pada                                     tanggal
      28 Januari 2026 (Catatan 49a).

   h. PT BPR Intidana Sukses Makmur (BISM)                           h. PT BPR Intidana Sukses Makmur (BISM)

      Pada tanggal 13 April 2023, PT Provices                           On April 13, 2023, PT Provices Indonesia, (PVI),
      Indonesia (PVI), Entitas Anak, memperoleh                         a Subsidiary, obtained a working capital loan
      fasilitas pinjaman modal kerja dari PT BPR                        facility from PT BPR Intidana Sukses Makmur
      Intidana Sukses Makmur (BISM) dengan pagu                         (BISM) with a maximum amount of Rp21 billion.
      pinjaman sebesar Rp21 miliar. Pinjaman ini                        This loan bears an annual interest rate of 16%
      dikenai tingkat suku bunga 16% per tahun dan                      and will be due on April 13, 2028. This loan was
      akan jatuh tempo pada tanggal 13 April 2028.                      secured by two (2) units of office space at Bakrie
      Pinjaman ini dijamin dengan dua (2) unit kantor di                Tower Building, Rasuna Epicentrum Complex,
      Gedung Bakrie Tower Kawasan Rasuna                                Jakarta.
      Epicentrum, Jakarta.

      Pinjaman ini     telah   dilunasi   pada   tanggal                This loan was settled on May 7, 2025.
      7 Mei 2025.

   Pada tanggal 31 Desember 2025 dan 2024,                           As of December 31, 2025 and 2024, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                        management believes that it has met all the credit
   semua persyaratan kredit yang ditentukan dalam                    requirements specified in the agreement.
   perjanjian.

   Rincian pembayaran yang dilakukan untuk tahun                     The detail of payments made for the years ended
   yang          berakhir     pada        tanggal-tanggal            December 31, 2025 and 2024 for each loan facility is
   31 Desember 2025 dan 2024 untuk masing-masing                     as follows:
   fasilitas pinjaman adalah sebagai berikut:

                                                  2025               2024
    PT Bank Mayapada Internasional Tbk              84.000              7.309      PT Bank Mayapada Internasional Tbk
    PT Bank Perkreditan Rakyat Delta                                                  PT Bank Perkreditan Rakyat Delta
       Artha (Perseroda)                            16.972              3.233                     Artha (Perseroda)
    PT BPR Intidana Sukses Makmur                   15.753              3.315          PT BPR Intidana Sukses Makmur
    PT Bank Tabungan Negara                                                                 PT Bank Tabungan Negara
       (Persero) Tbk                                13.800             15.400                          (Persero)Tbk
    PT Bank KB Indonesia Tbk                         8.661             14.785               PT Bank KB Indonesia Tbk
    PT Bank Mandiri                                                                                    PT Bank Mandiri
       (Persero) Tbk                                 2.629                   -                        (Persero) Tbk
    PT Bank Perkreditan Rakyat Hariarta                                            PT Bank Perkreditan Rakyat Hariarta
       Sedana                                        1.931                192                               Sedana
    PT Bank Panin Tbk                                  405                392                       PT Bank Panin Tbk
    Total                                          144.151             44.626                                       Total




                                                            93
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                        28. LONG-TERM MUSYARAKAH FINANCING

                                                 2025               2024
    PT Bank KB Syariah Bukopin                     57.731             59.610              PT Bank KB Syariah Bukopin
    PT Bank Syariah Indonesia                      11.440                  -               PT Bank Syariah Indonesia
    PT Bank DKI Syariah                             4.065              4.873                    PT Bank DKI Syariah
    Total                                          73.236             64.483                                       Total
    Dikurangi bagian yang tempo
       dalam waktu satu tahun                      16.392              5.188                        Less current portion
    Bagian jangka panjang                          56.844             59.295                        Long-term portion


   a. PT Bank      KB    Syariah   Bukopin     (Syariah             a. PT Bank      KB    Syariah    Bukopin    (Syariah
      Bukopin)                                                         Bukopin)

      1. Pada tanggal 7 Juni 2013, PT Graha                            1. On June 7, 2013, PT Graha Andrasentra
         Andrasentra Propertindo Tbk, (GAP), Entitas                      Propertindo Tbk, (GAP), a Subsidiary
         Anak memperoleh fasilitas Pembiayaan                             obtained a Musyarakah Working Capital
         Musyarakah Modal Kerja dari PT Bank KB                           Financing facility from PT Bank KB Bukopin
         Bukopin Syariah (Syariah Bukopin) dengan                         Syariah (Syariah Bukopin) with a ceiling of
         pagu sebesar Rp40 miliar, yang digunakan                         Rp40 billion, which was used for the cluster
         untuk keperluan pengembangan cluster                             development of Bogor Nirwana Residence.
         perumahan di Kawasan Bogor Nirwana                               This facility was to be due in July 2017.
         Residence. Fasilitas ini jatuh tempo pada bulan
         Juli 2017.

      2. Pada bulan Maret 2014, GAP memperoleh                         2. In March 2014, GAP obtained a Musyarakah
         fasilitas Pembiayaan Musyarakah Modal Kerja                      Working Capital Financing facility from
         dari Syariah Bukopin dengan pagu sebesar                         Syariah Bukopin with a ceiling of Rp15 billion,
         Rp15       miliar, yang     digunakan   untuk                    which was used for the development of
         pengembangan Apartemen Jungle Sky.                               Jungle Sky Apartment. This facility was to be
         Fasilitas ini jatuh tempo pada tanggal                           due on March 7, 2017, including a grace
         7 Maret 2017, dengan masa tenggang                               period of 15 months. This facility is secured
         15 bulan. Fasilitas ini dijamin dengan tanah                     with land under SHGB No. 657 and SHGB
         SHGB No. 657 dan SHGB No. 105 atas nama                          No. 105 owned by GAP in Mulyaharja, Bogor.
         GAP yang terletak di Mulyaharja, Bogor.

      3. Pada bulan Maret 2015, GAP memperoleh                         3. In March 2015, GAP obtained Line Facility
         Line Facility dari Syariah Bukopin dengan                        from Syariah Bukopin with a ceiling of
         pagu sebesar Rp15 miliar, yang digunakan                         Rp15 billion, which was used for development
         untuk keperluan pengembangan Apartemen                           of Jungle Sky Apartment. This facility was to
         Jungle Sky. Fasilitas ini jatuh tempo pada                       be due in February 2018. The facility is
         bulan Februari 2018. Fasilitas ini dijamin                       secured with five (5) SHGB of land and
         dengan lima (5) SHGB atas tanah dan                              buildings owned by GAP which is located in
         bangunan milik GAP yang terletak di                              Mulyaharja, Bogor. During the period of
         Mulyaharja, Bogor. Selama masa fasilitas                         financing facilities, GAP must maintain its land
         pembiayaan, GAP harus menjaga persediaan                         inventory which is kept in Syariah Bukopin
         kavling yang disimpan di Syariah Bukopin                         with a minimum ratio of 125% of the current
         dengan minimal rasio sebesar 125% dari                           outstanding financing.
         jumlah pembiayaan berjalan.




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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                           28. LONG-TERM               MUSYARAKAH            FINANCING
    (Lanjutan)                                                         (Continued)

          4. Pada bulan Oktober 2016, GAP memperoleh                      4. In October 2016, GAP obtained Line Facility
             Line Facility dari Syariah Bukopin dengan pagu                  from Syariah Bukopin with a ceiling of
             sebesar      Rp15 miliar,    yang    digunakan                  Rp15 billion, which was used for the
             keperluan untuk pengembangan Apartemen                          development of Jungle Sky Apartment. This
             Jungle Sky. Fasilitas ini jatuh tempo pada                      facility was to be due in February 2018. The
             bulan Februari 2018. Fasilitas ini dijamin                      facility is secured with two (2) SHGB of land
             dengan dua (2) SHGB atas tanah dan                              and buildings owned by GAP located in
             bangunan milik GAP yang terletak di                             Mulyaharja, Bogor. GAP has partial
             Mulyaharja, Bogor. GAP telah mencairkan                         drawdown from this financing facility
             sebagian fasilitas pembiayaan ini sebesar                       amounting to Rp3.5 billion.
             Rp3,5 miliar.

          Fasilitas Musyarakah untuk modal kerja dan line                 The Musyarakah facilities for working capital and
          facilities, bersama dengan fasilitas pembiayaan                 line facilities, together with other financing
          lainnya dari Syariah Bukopin telah beberapa kali                facilities from Syariah Bukopin have been
          direstrukturisasi,   terakhir   pada     tanggal                restructured several times, most recently on
          19 Juli 2025. GAP mendapatkan persetujuan                       July 19, 2025. GAP received restructuring
          restrukturisasi dengan perubahan sebagai berikut:               approval with changes as follows:


          -   Mei 2025 sampai dengan Juni 2025 (setara                    -        May 2025 to June 2025 (equivalent to 3%
              3% eff.p.a.)                                                         eff.p.a.)
      -       Juli 2025 sampai dengan Desember 2025                       -        July 2025 to December 2025 (equivalent to
              (setara 6% eff.p.a)                                                  6% eff.p.a)
          -   Januari 2026 sampai dengan Desember 2028                    -        January 2026 to December 2028 (equivalent
              (setara 11% eff.p.a.)                                                to 11% eff.p.a.)
          -   Nisbah bagi hasil (secara kumulatif setara                  -        Profit sharing (cumulative, equivalent to
              5,34% eff.p.a.)                                                      5.34% eff.p.a.)

          Ketentuan dan persyaratan pada fasilitas                        The terms and conditions of the previous facility
          sebelumnya merupakan satu kesatuan dengan                       constitute a single unit with the Musyarakah Line
          Akad Line Fasilitas Musyarakah dan akad-akad                    Facility Agreement and other agreements that
          lainnya yang telah dan akan dibuat, dan tidak                   have been and will be made, and cannot be
          dapat dipisahkan antara satu dengan lainnya.                    separated from each other.

      Berdasarkan perjanjian fasilitas pembiayaan                             According to the financing facility agreement
      dengan Syariah Bukopin, selama fasilitas belum                          with Syariah Bukopin, if the facility is not yet
      dilunasi, GAP tidak diperbolehkan untuk                                 fully paid, GAP is restricted from performing the
      melakukan hal-hal tersebut di bawah ini tanpa                           following items without prior written approval
      persetujuan tertulis dari Syariah Bukopin sebagai                       from Syariah Bukopin as follows:
      berikut:
      1.    Melakukan pembayaran/pelunasan atas                               1.     Pay off/settle any loan to shareholders.
            pinjaman dari pemegang saham.
      2.    Melakukan penjualan, transfer, perpindahan                        2.     Selling, transferring, transfer of rights and
            hak dan penjaminan aset yang menjadi                                     pledge of assets that become the collateral
            agunan dalam perjanjian ini.                                             in this agreement.
      3.    Mengajukan permohonan pailit kepada                               3.     Filing for bankruptcy to the Commercial
            Pengadilan Niaga.                                                        Court.
      4.    Menerima tambahan fasilitas pinjaman dari                         4.     Receive additional loan facility from any
            pihak manapun, kecuali dari pemegang                                     party, except from shareholders or a party
            saham atau pihak yang berhubungan                                        that was related with GAP business.
            dengan usaha GAP.
      5.    Melakukan perubahan struktur permodalan                           5.     Change GAP’s capital structure, specifically
            GAP, khususnya perubahan pemegang                                        changes of the majority shareholders.
            saham mayoritas.
      6.    Melakukan       kegiatan     usaha     yang                       6.     Conduct business activities that           are
            bertentangan dengan prinsip syariah.                                     contrary to Islamic principles.
      7.    Melakukan overdraft dan cross selling.                            7.     Perform overdraft and cross selling.




                                                              95
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                       28. LONG-TERM         MUSYARAKAH             FINANCING
    (Lanjutan)                                                     (Continued)

   b. PT Bank DKI Syariah (Jakarta Syariah)                        b. PT Bank DKI Syariah (Jakarta Syariah)

      Pada tanggal 29 Agustus 2024, PVI memperoleh                    On August 29, 2024, PVI obtained a working
      fasilitas Pembiayaan Musyarakah modal kerja dari                capital Musyarakah Financing facility from
      Jakarta Syariah dengan pagu sebesar Rp5 miliar                  Jakarta Syariah with a maximum amount of Rp5
      yang digunakan untuk keperluan modal kerja                      billion which was used for tenant procurement
      untuk pekerjaan pengadaan tenan. Fasilitas ini                  purposes. This facility will mature on
      akan jatuh tempo pada tanggal 31 Agustus 2029.                  August 31, 2029. The profit-sharing ratio for the
      Nisbah      bagi  hasil    bank     sesuai  Surat               bank portion according to the Profit Value
      Pemberitahuan     Indikasi    Nilai   Keuntungan.               Indication Notification Letter. This loan is secured
      Pinjaman ini dijamin dengan tagihan dan potensi                 by receivables and potential receivables
      tagihan atas proyek yang diperoleh PVI pada                     obtained by PVI in 2024 and Rights of Strata
      tahun 2024 dan Sertifikat Hak Milik Atas Satuan                 Title Ownership in Multi Storey Building Units
      Rumah Susun (SHMSRS) yang berlokasi di                          (SHMSRS) located in Karet Kuningan, covering
      Kelurahan Karet Kuningan seluas 442,06 m2 yang                  an area of 442.06 m2, which is tied to a First
      diikat dengan Hak Tanggungan Peringkat                          Rank Mortgage of Rp15.29 billion.
      Pertama sebesar Rp15,29 miliar.

      Berdasarkan perjanjian fasilitas pembiayaan                     According to the financing facility agreement
      dengan DKI Syariah, PVI diwajibkan memenuhi                     with DKI Syariah, PVI is obliged to fulfill certain
      persyaratan tertentu, antara lain:                              requirements, which, among others are:
      1. Menjaga Current Ratio (CR) PVI minimal                       1. Maintaining PVI’s Current Ratio (CR) at no
          110%                                                           less than 110%
      2. Menjaga Debt to Equity Ratio (DER) PVI                       2. Maintaining PVI’s Debt to Equity Ratio (DER)
          maksimal 300% (apabila rasio DER di atas                       at a maximum of 300% (if the DER ratio
          300%      dapat    dipertimbangkan dengan                      exceeds 300%, it may be considered on the
          ketentuan rasio DSCR di atas 150%)                             condition that the DSCR ratio is above
                                                                         150%)
      3.   Menjaga Debt Service Coverage         Ratio                3. Maintaining PVI’s Debt Service Coverage
           (DSCR) PVI minimal 150%                                       Ratio (DSCR) at a minimum level of 150%

   c. PT Bank Syariah Indonesia (BSI)                              c. PT Bank Syariah Indonesia (BSI)

      Pada tanggal 1 Agustus 2025, PVI memperoleh                      On August 1, 2025, PVI obtained Musyarakah
      fasilitas Pembiayaan Musyarakah Modal Kerja dari                 Working Capital Financing Facility from BSI with
      BSI dengan plafon sebesar Rp15 miliar, yang                      a ceiling of Rp15 billion, which was used for
      digunakan untuk proyek. Fasilitas ini jatuh tempo                project procurement purposes. This facility was
      pada bulan Agustus 2027. Pinjaman ini dijamin                    to be due in August 2027. This loan is secured
      dengan tagihan atas kontrak yang menggunakan                     by receivables which was used for Musyarakah
      modal Musyarakah dan deposito sebesar                            Financing and time deposits of Rp7.5 billion.
      Rp7,5 miliar.

   Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                      management believes that it has met all the
   semua persyaratan kredit yang ditentukan dalam                  requirements specified in the agreements.
   perjanjian.

   Pembayaran pembiayaan musyarakah jangka                         The Group's payments for long-term musyarakah
   panjang Grup pada tahun 2025 dan 2024 masing-                   financing in 2025 and 2024 amounting to
   masing sebesar Rp2,69 miliar dan Rp7,48 miliar                  Rp2.69 billion and Rp7.48 billion, respectively,
   merupakan      pembayaran  pokok   pembiayaan                   pertain to payment of musyarakah principal
   musyarakah oleh GAP ke Syariah Bukopin dan oleh                 financing made to Syariah Bukopin by GAP and to
   PVI ke Jakarta Syariah.                                         Jakarta Syariah by PVI.




                                                          96
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

29. LIABILITAS LAIN-LAIN                                            29. OTHER LIABILITIES

   a. Utang Usaha Jangka Panjang                                        a. Long-Term Trade Payables

      Utang usaha jangka panjang pada tanggal                              Long-term        trade      payables      as    of
      31 Desember 2025 dan 2024, merupakan hasil                           December 31, 2025 and 2024 represent the
      restrukturisasi utang yang telah disepakati antara                   result of debt restructuring agreed between BSU,
      BSU, Entitas Anak, dengan para pemasok,                              a Subsidiary, suppliers, contractors and other
      kontraktor dan kreditur konkuren lain yang                           concurrent      creditors    which     had   been
      diselesaikan melalui Penundaan Kewajiban                             settled    through      the    Postponement     of
      Pembayaran Utang (PKPU) yang dilakukan pada                          Debt        Payment         Obligation     (PKPU)
      tanggal 5 Maret 2003 dengan surat permohonan                         on March 5, 2003 with request letter
      No.    01/PKPU/2003/PN.NIAGA.JKT.PST,         dan                    No. 01/PKPU/2003/PN.NIAGA.JKT.PST, and
      telah disetujui oleh 123 kreditur peserta yang                       has been approved by 123 participating creditors
      mewakili 96,70% dari total utang pokok.                              representing 96.70% of the total principal debts.

      Rincian utang usaha jangka panjang adalah                            The detail of long-term trade payables is as
      sebagai berikut:                                                     follows:

                                                    2025                   2024
       PT Kinhill Indonesia                            7.881                  7.881                    PT Kinhill Indonesia
       PT Daniel Mann Johnson                                                                      PT Daniel Mann Johnson
           Mendenhall Keating                          7.100                  7.100                 Mendenhall Keating
       Lain-lain (masing-masing                                                                        Others (each below
           di bawah Rp2 miliar)                        2.213                  2.213                      of Rp2 billion)
       Total                                          17.194                 17.194                                     Total
       Dikurangi bagian jatuh tempo
          dalam waktu satu tahun                      17.194                 17.194                     Less current portion
       Bagian jangka panjang                                    -                  -                     Long-term portion


   b. Liabilitas Sewa                                                   b. Lease Liability

      Kewajiban sewa ini timbul dari Perjanjian                            This lease liability arises from the Cooperation
      Kerjasama antara PT Bakrie Swasakti Utama,                           Agreement between PT Bakrie Swasakti Utama,
      Entitas Anak, dengan Pemerintah Provinsi DKI                         a Subsidiary, and the DKI Jakarta Provincial
      Jakarta untuk pemanfaatan lahan di Gelanggang                        Government for the utilization of land in the
      Olahraga Mahasiswa Soemantri Brodjonegoro                            Soemantri      Brodjonegoro     Student  Sports
      (GMSB) untuk jangka waktu 30 tahun, dengan                           Complex (GMSB) for a period of 30 years, with
      kemungkinan perpanjangan sesuai dengan                               the possibility of extension in accordance with
      perjanjian (Catatan 43i).                                            the agreement (Note 43i).

                                                    2025                   2024
       Kurang dari satu tahun                          3.412                  2.879                      Less than one year
       Lebih dari satu tahun sampai lima
          tahun                                       21.570                 18.346          Above one year up to five years
       Lebih dari lima tahun                         734.825                740.582                    More than five years
       Total                                         759.807                761.807                                     Total
       Dikurangi: Bagian bunga                       521.576                539.863                    Less: Interest portion
       Neto                                          238.231                221.944                                      Net
       Dikurangi: bagian yang akan jatuh
          tempo dalam waktu satu tahun                 4.291                  2.879                    Less: current maturity
       Bagian jangka panjang                         233.940                219.065                      Long-term portion




                                                           97
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PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                              DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

29. LIABILITAS LAIN-LAIN (Lanjutan)                                    29. OTHER LIABILITIES (Continued)

       Laporan laba rugi dan penghasilan komprehensif                            The statements of profit or loss and other
       lain untuk tahun yang berakhir pada tanggal-                              comprehensive income for the years ended
       tanggal 31 Desember 2025 dan 2024 menyajikan                              December 31, 2025 and 2024 show the following
       saldo-saldo berikut berkaitan dengan sewa:                                amounts related to leases:

                                                          2025                   2024
        Beban bunga (Catatan 35)                             18.288               17.075                  Interest expense (Note 35)
        Penyusutan aset hak-guna                                                                     Depreciation of right-of-use asset
           Hak guna tanah                                     7.675                 7.675                                Land right
        Total                                                25.963               24.750                                            Total



30. MODAL SAHAM                                                        30. CAPITAL STOCK

    Susunan pemegang saham dan kepemilikan saham                              The composition of shareholders and their
    pada tanggal 31 Desember 2025 dan 2024 adalah                             corresponding   share    ownership     as of
    sebagai berikut:                                                          December 2025 and 2024 are as follows:

                                             Total Saham
                                            (Dalam Jutaan
                                           Lembar Saham)/
                                          Number of Shares            Persentase Kepemilikan/
    Pemegang Saham                      (In Million of Shares)        Percentage of Ownership                               Stockholders

    KPD Simas Equity Fund 2                             2.329                               5,35%               KPD Simas Equity Fund 2
    Interventures Capital Pte., Ltd.                    2.228                               5,12%          Interventures Capital Pte., Ltd.
    Masyarakat (masing-                                                                                                 Public (each less
       masing kurang dari 5%)                         38.965                                89,53%                            than 5%)

    Total                                             43.522                            100,00%                                      Total


    Rincian modal saham Perusahaan berdasarkan jenis                          The detail of the Company’s capital stock based on
    saham pada tanggal 31 Desember 2025 dan 2024                              types of shares as of December 31, 2025 and 2024
    adalah sebagai berikut:                                                   is as follows:

                                         Total Saham/
                                       Number of Shares
                                        (Angka Penuh/                 Nominal/              Total/
                                         Full Amount )                Nominal               Total

    Seri A                                           1.400              500                    700.000                              Seri A
    Seri B                                          42.122              100                  4.212.191                              Seri B

    Total                                           43.522                                   4.912.191                               Total


    Pada tanggal 31 Desember 2025 dan 2024, tidak                             As of December 31, 2025 and 2024, there are no
    terdapat saham Perusahaan yang dimiliki oleh Direksi                      shares of the Company which are owned by the
    dan Dewan Komisaris Perusahaan.                                           Company’s Boards of Directors and Commissioners.




                                                                 98
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

31. TAMBAHAN MODAL DISETOR - NETO                                 31. ADDITIONAL PAID-IN CAPITAL - NET

                                                   2025               2024
    Agio saham                                                                                            Share premium
        Selisih lebih total yang                                                         Excess of amounts received
        diterima dari nominal                     3.109.465          3.109.465                         over par value
    Kompensasi berbasis saham                                                                          Unexecuted stock
        kepada karyawan yang                                                                   based compensation
        belum di eksekusi                             8.467              8.467                          to employees
    Biaya emisi saham                              (191.658)          (191.658)                     Stock issuance cost
                                                                                                   Difference in value of
    Selisih nilai transaksi                                                                 restructuring transaction
        restrukturisasi entitas                                                                   with entities under
        sepengendali                               (149.700)          (149.700)                      common control
    Saham yang diperoleh kembali                    (21.679)           (21.679)                            Treasury stock
    Pengampunan pajak                                (1.433)            (1.433)                              Tax amnesty
    Neto                                          2.753.462          2.753.462                                        Net


   Agio saham merupakan kelebihan jumlah yang                         Share premium represents the excess of the
   diterima dan/atau nilai tercatat saham dan waran                   amounts received and/or the carrying value of
   konversi atas nilai nominal saham yang dikeluarkan.                shares and converted warrants over the par value of
                                                                      the shares issued.
   Pengampunan pajak merupakan partisipasi Grup                       Tax amnesty represents the Group’s participation in
   dalam Program Pengampunan Pajak sesuai dengan                      the Tax Amnesty Program in accordance with Law
   Undang-Undang      No.      11     Tahun       2016                No. 11 Year 2016 (“Tax Amnesty Law”). The Group
   (“UU Pengampunan Pajak”). Grup mengakui selisih                    recognized the difference between asset and
   antara aset pengampunan pajak dan liabilitas                       liabilities of tax amnesty and presented it as part of
   pengampunan pajak dan disajikan sebagai bagian                     “Other Component of Equity” account in equity.
   dari akun “Komponen Ekuitas Lainnya” di ekuitas.
   Pada tanggal 26 Januari 2017, Perusahaan telah                     On January 26, 2017, the Company sold 750,000,
   menjual saham yang diperoleh kembali masing-                       110,000,000 and 10,000,000 shares of its treasury
   masing sebanyak 750.000, 110.000.000 dan                           stocks at Rp51, Rp51 and Rp53 per share, with total
   10.000.000 lembar saham pada harga masing-                         net    sales    amounted      to     Rp38.25 million,
   masing Rp51, Rp51 dan Rp53 per lembar saham                        Rp5.61 billion and Rp530 million, respectively. The
   dengan nilai penjualan neto masing-masing sebesar                  difference between the acquisition costs and the
   Rp38,25 juta, Rp5,61 miliar dan Rp530 juta. Selisih                selling price of treasury stocks amounted to
   antara harga perolehan kembali dan harga jual                      Rp21.68 billion was recorded as “Additional Paid-In
   kembali saham treasury sebanyak Rp21,68 miliar                     Capital From Treasury Stock Transactions”, which is
   dicatat sebagai “Selisih Modal Dari Transaksi Saham                part of additional paid-in capital account.
   Treasury”, yang merupakan bagian dari akun
   tambahan modal disetor.
   Biaya emisi saham merupakan biaya-biaya yang                       Stock issuance costs represent costs directly
   berkaitan langsung dengan penerbitan saham                         attributable to the issuance of shares of the
   Perusahaan.                                                        Company.
   Selisih   nilai   transaksi   entitas    sepengendali              Differences in value from transactions between
   merupakan transaksi yang terjadi sehubungan                        entities   under     common       control    represent
   dengan     divestasi   saham     Perusahaan       pada             transactions incurred in relation to the divestment of
   PT Villa Del Sol dan PT Bakrie Infrastructure di antara            the Company’s investment in PT Villa Del Sol and
   Grup.                                                              PT Bakrie Infrastructure among the Group.




                                                             99
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

32. PENDAPATAN NETO                                            32. NET REVENUES

                                               2025                2024
    Sewa dan pengelolaan                                                                    Rental and management
       perkantoran                              805.572             655.960                               of office
    Hotel, makanan dan minuman                  272.878             290.542                Hotel, food and beverages
    Penjualan tanah, rumah, apartemen                                                        Sales of land, residential
       dan unit perktantoran                    192.117             143.159           apartments and office space
    Sewa ruangan, lapangan dan                                                               Rental of spaces, courts
       iuran keanggotaan                         94.954              85.447                 and membership fees
    Taman hiburan                                60.422              51.632                               Theme park
    Total                                     1.425.943           1.226.740                                      Total

   Pada tahun 2025 dan 2024, tidak terdapat                        In 2025 and 2024, there are no transactions to other
   pendapatan kepada pihak lain dengan jumlah                      parties with revenues exceeding 10% from the total
   akumulasi di atas 10% dari jumlah pendapatan neto               consolidated net revenues.
   konsolidasian.
   Pada tahun 2025 dan 2024, jumlah pendapatan                     In 2025 and 2024, total revenues to related parties
   kepada pihak berelasi masing-masing sebesar                     amounted to Rp104.77 billion or 7.34% and
   Rp104,77 miliar atau 7,34% dan Rp39,03 miliar atau              Rp39.03 billion or 3.18% from the total consolidated
   3,18% dari jumlah pendapatan neto konsolidasian                 net revenues, respectively (Note 38a).
   (Catatan 38a).

33. BEBAN POKOK PENDAPATAN                                     33. COST OF REVENUES

                                               2025                2024
    Sewa dan pengelolaan                                                                    Rental and management
       perkantoran                              688.314             558.079                               of office
    Penjualan tanah, rumah, apartemen                                                        Sales of land, residential
       dan unit perktantoran                     87.685             101.758           apartments and office space
    Hotel, makanan dan minuman                   96.869              84.791                Hotel, food and beverages
    Sewa ruangan, lapangan dan                                                               Rental of spaces, courts
       iuran keanggotaan                         45.879              47.652                 and membership fees
    Taman hiburan                                21.336              16.152                               Theme park
    Total                                       940.083             808.432                                      Total


   Untuk tahun yang berakhir pada tanggal-tanggal                  For the years ended December 31, 2025 and 2024,
   31 Desember 2025 dan 2024, tidak terdapat transaksi             there are no transactions to other parties with total
   kepada pihak lain dengan jumlah akumulasi                       accumulated purchases exceeding of 10% from the
   pembelian di atas 10% dari jumlah beban pokok                   total consolidated cost of revenues.
   pendapatan konsolidasian.

34. BEBAN USAHA                                                34. OPERATING EXPENSES
   a. Beban Penjualan                                              a. Selling Expenses

                                                 2025                2024
       Iklan dan promosi                              9.455            13.405               Advertising and promotion
       Komisi                                         7.239             3.735                            Commissions
       Pameran dan hiburan                            1.479             1.308             Exhibition and entertainment
       Lain-lain (masing-masing                                                                    Others (each below
           di bawah Rp1 miliar)                       9.510               1.889                      of Rp1 billion)
       Total                                       27.683              20.337                                     Total



                                                         100
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PT BAKRIELAND DEVELOPMENT Tbk                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                  DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan         (Expressed in millions of Rupiah, unless otherwise
lain)                                                      stated)

34. BEBAN USAHA (Lanjutan)                                 34. OPERATING EXPENSES (Continued)
   b. Beban Umum dan Administrasi                              b. General and Administrative Expenses

                                              2025               2024
                                                                                                Salaries, wages and
       Gaji, upah dan tunjangan                129.339           138.092                        benefits in-kinds
       Penyusutan (Catatan 16)                  64.300            50.302                     Depreciation (Note 16)
       Pajak dan asuransi                       23.583            33.649                          Tax and insurance
       Listrik, air dan telepon                 23.307            22.878           Electricity, water and telephone
       Perbaikan dan pemeliharaan               11.379            11.558                 Repairs and maintenance
       Honorarium tenaga ahli                   11.285             9.748                           Professional fees
       Perijinan dan litigasi                   10.044             7.769                          Legal and permits
       Alat tulis dan cetakan                    5.592             5.253                     Stationary and printing
       Penyisihan kerugian                                                                 Provision for impairment
           penurunan nilai piutang                                                           loss of receivables
           (Catatan 7)                             5.245              6.933                             (Note 7)
       Transportasi dan perjalanan dinas           3.893              2.906           Transportation and traveling
       Sumbangan dan perjamuan                     2.283              2.963          Donations and entertainment
       Lain-lain (masing-masing                                                                  Others (each below
           di bawah Rp2 miliar)                 11.620             12.135                          of Rp2 billion)
       Total                                   301.870           304.186                                      Total



35. BEBAN BUNGA DAN KEUANGAN - NETO                        35. INTEREST   EXPENSES            AND      FINANCIAL
                                                               CHARGES - NET

                                            2025               2024
    Penghasilan bunga deposito,                                                 Interest income from time deposit,
       jasa giro dan piutang                   3.383              3.635       current account and receivables
    Bunga pinjaman bank                      (77.619)           (77.674)                     Interest on bank loans
    Administrasi bank                         (1.085)            (3.331)                              Bank charges
    Bunga sewa (Catatan 29b)                 (18.288)           (17.075)                  Interest lease (Note 29b)
    Neto                                     (93.609)           (94.445)                                       Net


36. PENGHASILAN (BEBAN) LAIN-LAIN - NETO                   36. OTHERS INCOME (EXPENSES) - NET

                                            2025               2024
    Pemulihan cadangan kerugian                                                         Reversal of allowance for
       penurunan nilai piutang                                                     impairment on receivables
       (Catatan 7, 8, 38a, 38b dan 38c)       15.527             38.028        (Notes 7, 8, 38a, 38b and 38c)
    Pemulihan penurunan nilai persediaan                                      Reversal of impairment on inventory
       (Catatan 9)                               493                  -                                (Note 9)
    Pembayaran kepada unit pemilik           (26.837)           (38.252)                 Payments to unit owners
    Penyisihan untuk penggantian                                                     Provision for replacement of
       peralatan                              (8.835)           (10.787)                  operating equipment
    Jasa manajemen                            (7.671)            (9.725)                        Management fees
    Penyisihan kerugian                                                                   Provision for impairment
       penurunan nilai piutang                                                             loss on receivables
       (Catatan 8, 38b dan 38c)               (6.944)           (52.564)               (Notes 8, 38b and 38c)
    Kerugian penurunan nilai                                                      Loss on impairment of goodwill
       goodwill (Catatan 17)                  (1.443)                   -                            (Note 17)
    Rugi pengalihan piutang                                                              Loss from the transfer of
       (Catatan 43e)                                 -           (2.295)               receivables (Note 43e)



                                                     101
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

36. PENGHASILAN        (BEBAN)   LAIN-LAIN   –   NETO           36. OTHERS INCOME (EXPENSES) – NET (Continued)
    (Lanjutan)

                                                 2025               2024
    Kerugian penyelesaian                                                                     Loss on the termination
        ventura bersama                                   -           (1.866)                      of joint venture
    Kerugian penurunan nilai persediaan                                                Impairment loss on inventories
        (Catatan 9)                                    -                (126)                              (Note 9)
    Lain-lain - neto                              (2.221)             45.736                               Others - net
    Neto                                         (37.931)            (31.851)                                      Net



37. LIABILITAS IMBALAN PASCAKERJA                               37. EMPLOYMENT BENEFITS LIABILITIES
   Pada tanggal 31 Desember 2025 dan 2024, Grup                     As of December 31, 2025 and 2024, the Group
   mencatat penyisihan imbalan pascakerja berdasarkan               recognizes provision for post-employment benefits
   perhitungan aktuarial yang dilakukan oleh Kantor                 based on the actuarial calculation conducted by
   Konsultan Aktuaria Budi Ramdani dan Tubagus                      Kantor Konsultan Aktuaria Budi Ramdani and
   Syafrial & Amran Nangasan, (aktuaris independen),                Tubagus Syafrial & Amran Nangasan, an
   yang dalam laporannya masing-masing tertanggal                   independent actuary, as stated in its reports dated
   10 Februari 2026 dan 27 Februari 2025,                           February 10, 2026 and February 27, 2025,
   menggunakan metode “Projected Unit Credit” dengan                respectively, using “Projected Unit Credit” method
   asumsi-asumsi sebagai berikut:                                   with assumptions as follows:

                                                 2025                2024
                                             55-58 tahun/        55-58 tahun/
                                                years               years
    Usia pensiun normal                                                                            Normal pension age
    Tingkat diskonto                         6,00% - 7,10%       6,42% - 7,10%                            Discount rate
    Tingkat kenaikan gaji                      4% - 10%            4% - 10%                       Salary increment rate
                                               per tahun/          per tahun/
                                                 yearly              yearly
    Tabel mortalitas                          TMI IV 2019         TMI IV 2019                         Table of mortality


   Liabilitas imbalan pascakerja yang diakui dalam                  Post-employment benefits liabilities recognized in
   laporan posisi keuangan konsolidasian yang                       the consolidated statement of financial position
   merupakan nilai kini kewajiban imbalan pasti masing-             representing the present value of defined benefit
   masing sebesar Rp30,17 miliar dan Rp32,66 miliar                 obligation amounted to Rp30.17 billion and
   pada tanggal 31 Desember 2025 dan 2024.                          Rp32.66 billion as of December 31, 2025 and 2024,
                                                                    respectively.
   Rincian beban penyisihan imbalan kerja karyawan                  The detail of employee benefits expenses and
   dan pengukuran kembali Grup yang diakui pada                     remeasurement of the Group recognized in the
   laporan laba rugi dan penghasilan komprehensif lain              consolidated statements of profit or loss and other
   konsolidasian adalah sebagai berikut:                            comprehensive income is as follows:

                                                 2025                2024
    Beban yang diakui dalam                                                                       Expense recognized
       laba rugi:                                                                                  in profit or loss:
       Biaya bunga                                  2.306               2.272                          Interest cost
       Biaya jasa kini                              2.085               2.461                  Current service cost
       Pengakuan segera dari                                                        Immediate recognition of vested
           biaya jasa lalu yang vested                217                  22                past service costs
       Dampak kurtailmen                           (3.197)              1.887                    Curtailment effect
    Total                                           1.411               6.642                                      Total




                                                          102
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

37. LIABILITAS IMBALAN PASCAKERJA (Lanjutan)                      37. EMPLOYMENT BENEFITS LIABILITIES
                                                                      (Continued)
   Mutasi pada liabilitas imbalan pascakerja yang diakui              The movement of the post-employment benefits
   pada laporan posisi keuangan konsolidasian adalah                  liabilities recognized in the consolidated statements
   sebagai berikut:                                                   of financial position is as follows:

                                                   2025                2024
    Saldo awal tahun                                32.661              34.570             Balance at beginning of the year
                                                                                          Expenses recognized in the profit
    Beban yang diakui pada laba rugi                  1.411               6.642                                 or loss
    Pengukuran kembali yang diakui pada                                                        Remeasurement recognized
       penghasilan komprehensif lain                  1.373                (819)        in other comprehensive income
    Pembayaran imbalan kerja karyawan                (5.266)             (7.732)             Payment of employee benefits
    Saldo akhir tahun                               30.179              32.661                 Balance at end of the year


   Analisis sensitivitas kuantitatif untuk asumsi yang                A quantitative sensitivity analysis for significant
   signifikan pada tanggal 31 Desember 2025 dan 2024                  assumptions as of December 31, 2025 and 2024 is
   adalah sebagai berikut:                                            as follows:

                                                     2025              2024
    Tingkat diskonto                                                                                         Discount rate
      Kenaikan dalam 100 basis poin                   33.166            30.869              Increase by 100 basis points
      Penurunan dalam 100 basis poin                  37.506            34.650             Decrease by 100 basis points
    Tingkat kenaikan gaji                                                                            Salary increment rate
      Kenaikan dalam 100 basis poin                   37.348            34.610              Increase by 100 basis points
      Penurunan dalam 100 basis poin                  33.266            30.870             Decrease by 100 basis points


   Analisis sensitivitas didasarkan pada perubahan atas               The sensitivity analysis is based on a change in an
   satu asumsi aktuaria dimana asumsi lainnya                         assumption while holding all other assumptions
   dianggap konstan. Dalam praktiknya, hal ini jarang                 constant. In practice, this was unlikely to occur, and
   terjadi dan perubahan beberapa asumsi mungkin                      changes in some of the assumptions may be
   saling berkorelasi. Dalam perhitungan sensitivitas                 correlated. When calculating the sensitivity of the
   liabilitas imbalan pasti atas asumsi aktuaria utama,               defined     obligation    to     significant  actuarial
   metode yang sama (perhitungan nilai kini kewajiban                 assumptions the same method (present value of the
   imbalan pasti dengan menggunakan metode                            defined benefit obligation calculated with the
   projected unit credit di akhir tahun) telah diterapkan             projected unit credit method at the end of the
   seperti dalam penghitungan kewajiban pensiun yang                  reporting year) has been applied as when
   diakui dalam laporan posisi keuangan konsolidasian.                calculating the pension liability recognised within the
                                                                      consolidated statement of financial position.

   Metode dan tipe asumsi yang digunakan dalam                        The methods and types of assumptions used in
   menyiapkan analisis sensitivitas tidak berubah dari                preparing the sensitivity analysis did not change
   tahun sebelumnya.                                                  compared to previous year.

   Jatuh tempo kewajiban manfaat pasti pada tanggal                   The maturity of defined benefits obligations as of
   31 Desember 2025 dan 2024 adalah sebagai berikut:                  December 31, 2025 and 2024 is as follows:

                                                     2025              2024
    Antara 0 sampai 1 tahun                            6.270             4.205                      Between 0 and 1 years
    Antara 1 sampai 5 tahun                            5.550            10.016                      Between 1 and 5 years
    Antara 5 sampai 10 tahun                           8.630             9.419                     Between 5 and 10 years
    Diatas 10 tahun                                    9.729             9.021                           Beyond 10 years
    Total                                             30.179            32.661                                         Total




                                                            103
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PT BAKRIELAND DEVELOPMENT Tbk                                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                    DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                           (Expressed in millions of Rupiah, unless otherwise
lain)                                                                        stated)

37. LIABILITAS IMBALAN PASCAKERJA (Lanjutan)                                 37. EMPLOYMENT BENEFITS LIABILITIES
                                                                                 (Continued)

   Manajemen Grup berkeyakinan bahwa jumlah                                      The Group’s management believes that employee
   liabilitas imbalan kerja karyawan tersebut cukup untuk                        benefits liabilities as of December 31, 2025 and
   memenuhi persyaratan UU Ketenagakerjaan pada                                  2024 are adequate to cover the requirements of
   tanggal 31 Desember 2025 dan 2024.                                            Labor Law.

   Liabilitas imbalan kerja karyawan jangka pendek                               Short-term employee benefit liabilities as of
   pada tanggal 31 Desember 2025 dan 2024 masing-                                December 31, 2025 and 2024 amounted to
   masing sebesar Rp75,29 miliar dan Rp81,73 miliar,                             Rp75.29 billion and Rp81.73 billion, respectively,
   dan beban atas liabilitas jangka pendek disajikan                             and the related expenses for short-term benefits
   sebagai bagian dari akun “Beban Umum dan                                      liabilities are presented as a part of “General and
   Administrasi - Beban Gaji, Upah dan Tunjangan”.                               Administrative Expenses - Salaries, Wages and
                                                                                 Benefits” accounts.

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                   38. TRANSACTIONS    AND                BALANCES            WITH
    BERELASI                                                                     RELATED PARTIES

   Dalam kegiatan usaha yang normal, Grup melakukan                              In the normal course of business, the Group has
   transaksi dengan pihak-pihak yang berelasi                                    engaged in transactions with related parties under
   berdasarkan syarat dan ketentuan yang disetujui oleh                          terms and conditions agreed by both parties, which
   kedua belah pihak, yang mungkin tidak sama dengan                             may not be the same as other transactions
   transaksi lain yang dilakukan dengan pihak-pihak                              conducted with unrelated parties.
   yang tidak berelasi.

   Sifat Transaksi Pihak Berelasi                                                Nature of Related Parties Transactions

       No    Pihak Berelasi / Related Parties   Hubungan / Relationship                     Sifat Hubungan / Nature of Transactions


                                                 Pengendali dan Pemegang             Piutang usaha dan pendapatan pengelolaan perkantoran/
       1.    PT Bakrie Capital Indonesia          saham / Controlling and               Trade receivables and management office revenue
                                                       Shareholder
                                                                                   Utang pihak berelasi, pendapatan pengelolaan perkantoran dan
                                                    Pemegang saham /                                 penjualan unit perkantoran/
       2.    PT Petromine Energy Trading
                                                      Shareholder                  Due to related parties, management office revenue and sale of
                                                                                                            office space
                                                                                               Pendapatan pengelolaan perkantoran/
       3.    PT Bumi Resources Tbk                    Afiliasi / Affiliate
                                                                                                    Management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       4.    PT Bakrie & Brothers Tbk                 Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       5.    PT Energi Mega Persada Tbk               Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       6.    PT Darma Henwa Tbk                       Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       7.    PT Bumi Resources Minerals Tbk           Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                               Pendapatan pengelolaan perkantoran/
       8.    PT Arutmin Indonesia                     Afiliasi / Affiliate
                                                                                                   Management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       9.    PT Bakrie Global Ventura                 Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       10.   PT Bakrie Indo Infrastructure            Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       11.   PT Bakrie Telecom Tbk                    Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       12.   Long Haul Holding Ltd.                   Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       13.   PT Rasuna Sentra Medika                  Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue
                                                                                     Piutang usaha dan pendapatan pengelolaan perkantoran/
       14.   PT Graha Adika Niaga                     Afiliasi / Affiliate
                                                                                        Trade receivables and management office revenue



                                                                   104
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PT BAKRIELAND DEVELOPMENT Tbk                                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                                               stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                          38. TRANSACTIONS    AND     BALANCES                        WITH
    BERELASI (Lanjutan)                                                                 RELATED PARTIES (Continued)

       No     Pihak Berelasi / Related Parties        Hubungan / Relationship                         Sifat Hubungan / Nature of Transactions


                                                                                             Piutang usaha dan pendapatan pengelolaan perkantoran/
       15.    PT Bakrie Kalila Investment                    Afiliasi / Affiliate
                                                                                                Trade receivables and management office revenue
                                                                                                                 Piutang lain-lain/
       16.    PT Petrocom Nuansa Nusantara                  Afiliasi / Affiliate
                                                                                                                 Other receivables
                                                                                                               Piutang pihak berelasi/
       17.    PT Permata Sakti Mandiri                      Afiliasi / Affiliate
                                                                                                              Due from related parties
                                                                                                               Piutang pihak berelasi/
       18.    PT Pazkul Kahuripan Premiere                  Afiliasi / Affiliate
                                                                                                              Due from related parties
                                                                                             Piutang pihak berelasi, piutang usaha dan pendapatan
                                                                                                            pengelolaan perkantoran/
       19.    PT Minarak Brantas Gas                        Afiliasi / Affiliate
                                                                                           Due from related parties, trade receivables and management
                                                                                                                  office revenue
                                                                                                        Pendapatan pengelolaan perkantoran/
       20.    PT Lativi Media Karya                         Afiliasi / Affiliate
                                                                                                            Management office revenue
                                                                                             Piutang usaha dan pendapatan pengelolaan perkantoran/
       21.    BUT EMP Bentu Limited                         Afiliasi / Affiliate
                                                                                                Trade receivables and management office revenue
                                                                                             Piutang usaha dan pendapatan pengelolaan perkantoran/
       22.    PT Multi Kontrol Nusantara                    Afiliasi / Affiliate
                                                                                                Trade receivables and management office revenue
                                                                                                                 Piutang lain-lain/
       23.    PT Persija Jaya Jakarta                       Afiliasi / Affiliate
                                                                                                                 Other receivables
                                                                                                                 Piutang lain-lain/
       24.    PT Persija Jakarta Property                   Afiliasi / Affiliate
                                                                                                                 Other receivables
                                                                                                                 Piutang lain-lain/
       25.    PT Persija Jakarta Hebat                      Afiliasi / Affiliate
                                                                                                                 Other receivables
                                                                                                        Pendapatan pengelolaan perkantoran/
       26.    PT Cronus Capital Indo                        Afiliasi / Affiliate
                                                                                                            Management office revenue

       27.    PT Minarak Artha Raya                         Afiliasi / Affiliate                               Utang pihak berelasi/
                                                                                                               Due to related parties
              PT Sanggraha Pelita Development                                                                  Utang pihak berelasi/
       28.                                                  Afiliasi / Affiliate
              Services                                                                                         Due to related parties
                                                                                                        Pendapatan pengelolaan perkantoran/
       29.    PT Bakrie Sumatera Plantations Tbk            Afiliasi / Affiliate
                                                                                                            Management office revenue
                                                                                             Piutang usaha dan pendapatan pengelolaan perkantoran/
       30.    Minarak Brantas Gas Inc.                      Afiliasi / Affiliate
                                                                                                Trade receivables and management office revenue


   Saldo dan Transaksi dengan Pihak-Pihak Berelasi                                      Balance and Transactions with Related Parties

   Rincian saldo dan transaksi dengan pihak-pihak                                       The details of balances and transactions with related
   berelasi adalah sebagai berikut:                                                     parties are as follows:

   a. Pendapatan dan piutang usaha                                                      a. Revenues and trade receivables

      Pendapatan                                                                           Revenues

                                                          2025                                       2024
                                                                Persentase                                Persentase
                                                              terhadap Total                            terhadap Total
                                                               Pendapatan                                Pendapatan
                                                                   neto/                                     neto/
                                                               Percentage                                Percentage
                                             Total/              to Total                Total/            to Total
                                             Total            Net Revenues               Total          Net Revenues

       PT Petromine Energy Trading               47.495                3,331%                  954              0,078%      PT Petromine Energy Trading
       PT Bakrie & Brothers Tbk                   5.717                0,401%                5.163              0,421%         PT Bakrie & Brothers Tbk




                                                                          105
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                             38. TRANSACTIONS    AND     BALANCES                     WITH
    BERELASI (Lanjutan)                                                    RELATED PARTIES (Continued)

                                                   2025                                2024
                                                        Persentase                          Persentase
                                                      terhadap Total                      terhadap Total
                                                       Pendapatan                          Pendapatan
                                                           neto/                               neto/
                                                       Percentage                          Percentage
                                       Total/            to Total          Total/            to Total
                                       Total          Net Revenues         Total          Net Revenues

       PT Bumi Resources Tbk               5.185             0,364%             4.399            0,359%         PT Bumi Resources Tbk
       PT Energi Mega Persada Tbk          5.091             0,357%             3.030            0,247%    PT Energi Mega Persada Tbk
       PT Bumi Resources                                                                                            PT Bumi Resources
         Mineral Tbk                       3.267             0,229%             2.354            0,192%                    Mineral Tbk
       PT Darma Henwa Tbk                  3.254             0,228%             2.729            0,222%           PT Darma Henwa Tbk
       PT Multi Kontrol Nusantara          1.995             0,140%               133            0,011%       PT Multi Kontrol Nusantara
       PT Bakrie Kalila Investment         1.785             0,125%               368            0,030%      PT Bakrie Kalila Investment
       PT Bakrie Sumatera                                                                                          PT Bakrie Sumatera
         Plantations Tbk                   1.778             0,125%             1.661            0,135%                Plantations Tbk
       PT Arutmin Indonesia                1.637             0,115%             1.473            0,120%           PT Arutmin Indonesia
       PT Cronus Capital Indonesia         1.443             0,101%               343            0,028%     PT Cronus Capital Indonesia
       PT Bakrie Capital Indonesia         1.265             0,089%             2.385            0,194%      PT Bakrie Capital Indonesia
       PT Lativi Media Karya                 733             0,051%             1.784            0,145%           PT Lativi Media Karya
       BUT EMP Bentu Limited                   -                  -             3.282            0,268%         BUT EMP Bentu Limited
       Lain-lain (masing-masing                                                                                      Others (each below
         di bawah Rp1 miliar)             24.124             1,692%             8.975            0,731%                  of Rp1 billion)

       Total                             104.769             7,348%           39.033             3,181%                             Total



      Piutang usaha                                                         Trade receivables

                                                   2025                                2024
                                                        Persentase                          Persentase
                                                      terhadap Total                      terhadap Total
                                                           Aset/                               Aset/
                                                       Percentage                          Percentage
                                       Total/            to Total          Total/            to Total
                                       Total              Assets           Total              Assets
       PT Bakrie & Brothers Tbk           18.893             0,219%           14.794             0,169%        PT Bakrie & Brothers Tbk
       PT Bakrie Telecom Tbk              12.623             0,146%           12.623             0,144%          PT Bakrie Telecom Tbk
       PT Bakrie Global Ventura           12.192             0,141%           12.697             0,145%        PT Bakrie Global Ventura
       PT Rasuna Sentra Medika            11.169             0,129%           10.700             0,122%       PT Rasuna Sentra Medika
       PT Bakrie Kalila Investment        10.510             0,122%            9.851             0,113%      PT Bakrie Kalila Investment
       Long Haul Holding Ltd              10.211             0,118%           10.211             0,117%          Long Haul Holding Ltd.
       PT Graha Adika Niaga                8.562             0,099%           11.101             0,127%           PT Graha Adika Niaga
       PT Minarak Brantas Gas              6.444             0,075%            3.510             0,040%         PT Minarak Brantas Gas
       PT Energi Mega Persada Tbk          4.727             0,055%            4.394             0,050%    PT Energi Mega Persada Tbk
       PT Bakrie Capital Indonesia         4.498             0,052%            9.600             0,110%      PT Bakrie Capital Indonesia
       BUT EMP Bentu Limited               2.887             0,033%            2.562             0,029%         BUT EMP Bentu Limited
       PT Bakrie Indo Infrastructure       2.318             0,027%            2.318             0,027%     PT Bakrie Indo Infrastructure
       PT Darma Henwa Tbk                  2.268             0,026%            1.087             0,012%           PT Darma Henwa Tbk
       PT Bumi Resources                                                                                            PT Bumi Resources
         Minerals Tbk                      1.943             0,022%            2.643             0,030%                  Minerals Tbk
       Minarak Brantas Gas Inc.            1.140             0,013%            3.450             0,039%        Minarak Brantas Gas Inc.
       PT Multi Kontrol Nusantara            564             0,007%            8.245             0,094%       PT Multi Kontrol Nusantara
       Lain-lain (masing-masing                                                                                        Other (each below
         di bawah Rp2 miliar)             16.594             0,192%           16.876             0,193%                    Rp2 billion)
       Total piutang usaha               127.543             1,476%          136.662             1,561%           Total trade receivables
       Dikurangi penyisihan                                                                                                Less provision
          kerugian penurunan nilai        72.466             0,839%           80.531             0,921%         for impairment losses
       Neto                               55.077             0,637%           56.131             0,640%                              Net




                                                              106
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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                           38. TRANSACTIONS    AND     BALANCES                    WITH
    BERELASI (Lanjutan)                                                  RELATED PARTIES (Continued)

      Seluruh piutang usaha dari pihak berelasi Grup                        All of the Group’s trade receivables from related
      dalam denominasi mata uang Rupiah.                                    parties are denominated in Rupiah currency.

      Manajemen Grup berkeyakinan bahwa cadangan                            The Group’s management believes that
      kerugian penurunan nilai di atas adalah cukup                         allowance for impairment losses is adequate to
      untuk menutup kemungkinan kerugian atas tidak                         cover possible losses from uncollectible
      tertagihnya     piutang      pada      tanggal                        receivables as of December 31, 2025 and 2024.
      31 Desember 2025 dan 2024.

      PT Bakrie Swasakti Utama (BSU) dan                                    PT Bakrie Swasakti Utama (BSU) and
      PT Provices Indonesia (PVI), Entitas Anak,                            PT Provices Indonesia (PVI), Subsidiaries, have
      melakukan penyewaan dan pengelolaan ruang                             engaged in leasing and management of office
      perkantoran, penjualan unit apartemen, jasa                           space, sales of apartment units, maintenance
      pemeliharaan dan perawatan dan service charge                         and care services, and service charge to related
      kepada pihak berelasi dengan menggunakan                              parties using pricing terms and policies that may
      kebijakan harga dan syarat yang mungkin                               be different from third parties. Trade receivables
      berbeda dengan pihak ketiga. Piutang usaha                            in relation to these transactions are presented as
      sehubungan dengan transaksi tersebut disajikan                        part of “Trade Receivables - Related Parties”
      sebagai bagian dari akun “Piutang Usaha - Pihak                       account in the consolidated statements of
      Berelasi” pada laporan        posisi keuangan                         financial position.
      konsolidasian.

   b. Piutang lain-lain                                                  b. Other receivables

                                                 2025                                 2024
                                                      Persentase                           Persentase
                                                    terhadap Total                       terhadap Total
                                                         Aset/                                Aset/
                                                     Percentage                           Percentage
                                     Total/            to Total           Total/            to Total
                                     Total              Assets            Total              Assets
       PT Persija Jaya Jakarta           4.730             0,055%             4.700             0,054%       PT Persija Jaya Jakarta
       PT Persija Jakarta Hebat          3.020             0,035%             3.000             0,034%      PT Persija Jakarta Hebat
       PT Persija Jakarta Property       3.000             0,035%             3.500             0,040%    PT Persija Jakarta Property
       PT Petrocom Nuansa                                                                                      PT Petrocom Nuansa
         Nusantara                       2.673             0,031%             2.673             0,031%                  Nusantara
       Total                            13.423             0,156%            13.873             0,159%                         Total
       Dikurangi cadangan kerugian                                                                                Less allowance for
             penurunan nilai             2.533             0,029%             2.843             0,033%            impairment loss
       Neto                             10.890             0,127%            11.030             0,126%                           Net


      Seluruh piutang lain-lain dari pihak berelasi Grup                    All of the Group’s other receivables to related
      dalam denominasi mata uang Rupiah.                                    parties are denominated in Rupiah currency.

      Manajemen Grup berkeyakinan bahwa cadangan                            The Group’s management believes that
      kerugian penurunan nilai tersebut di atas adalah                      allowance for impairment losses is adequate to
      cukup untuk menutup kemungkinan kerugian atas                         cover possible losses from uncollectible
      tidak   tertagihnya  piutang     pada    tanggal                      receivables as of December 31, 2025 and 2024.
      31 Desember 2025 dan 2024.




                                                            107
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PT BAKRIELAND DEVELOPMENT Tbk                                           PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                          FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                               DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                      (Expressed in millions of Rupiah, unless otherwise
lain)                                                                   stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                              38. TRANSACTIONS    AND     BALANCES                          WITH
    BERELASI (Lanjutan)                                                     RELATED PARTIES (Continued)

   c. Piutang pihak berelasi                                                c. Due from related parties

                                                    2025                                 2024
                                                         Persentase                           Persentase
                                                       terhadap Total                       terhadap Total
                                                            Aset/                                Aset/
                                                        Percentage                           Percentage
                                      Total/              to Total           Total/            to Total
                                      Total                Assets            Total              Assets

       PT Permata Sakti Mandiri          45.365               0,525%            45.365             0,519%            PT Permata Sakti Mandiri
       PT Minarak Brantas Gas             5.822               0,067%             6.682             0,076%             PT Minarak Brantas Gas
       PT Pazkul Kahuripan Premiere           -                    -             4.915             0,056%        PT Pazkul Kahuripan Premiere
       Lain-lain (masing-masing                                                                                             Other (each below
         di bawah Rp2 miliar)               3.351             0,039%             4.290             0,049%                       Rp2 billion)

       Total                             54.538               0,631%            61.252             0,700%                                 Total
       Dikurangi cadangan kerugian                                                                                              Less allowance
          penurunan nilai                53.044               0,614%            51.708             0,591%                for impairment loss

       Neto                                 1.494             0,017%             9.544             0,109%                                  Net


      Mutasi penyisihan atas cadangan penurunan nilai                          The changes in the allowance for impairment
      piutang pihak berelasi adalah sebagai berikut:                           loss of due from related parties are as follows:

                                                           2025               2024
                                                                                                                      Balance at beginning
       Saldo awal tahun                                      51.708             16.254                                       of the year
       Penambahan penyisihan (Catatan 36)                     3.476             48.485                       Addition of provision (Note 36)
       Pemulihan penyisihan (Catatan 36)                     (1.810)           (13.031)                       Reversal provision (Note 36)
       Penghapusan penyisihan                                  (330)                 -                                 Write-off of provision
       Saldo akhir tahun                                     53.044             51.708                         Balance at end of the year


      Seluruh saldo piutang pihak berelasi Grup dalam                          All of the Group’s due from related parties are
      denominasi mata uang Rupiah.                                             denominated in Rupiah currency.

      Piutang dari pihak berelasi kepada PT Permata                            Due from related party from PT Permata Sakti
      Sakti Mandiri (PSM) merupakan piutang milik BSU                          Mandiri (PSM) is receivable owned by BSU and
      dan BPL yang dapat dikonversi menjadi                                    BPL which could be converted into shares
      kepemilikan     saham.   Sehubungan     dengan                           ownership. Due to the determination of PSM’s
      penetapan pailit PSM berdasarkan putusan                                 bankruptcy based on court decision, the Group
      pengadilan, Grup mencatat penyisihan penurunan                           provided full impairment allowance on its due
      nilai penuh atas piutang dari pihak berelasi                             from related party to PSM (Notes 43g).
      kepada PSM (Catatan 43g).

      Piutang pihak berelasi berasal dari pemberian                            Balance due from related parties represents
      pinjaman dana (uang muka) dan penggantian                                borrowings (advances) and reimbursement of
      biaya kepada pihak berelasi. Piutang-piutang ini                         expenses to related parties. These receivables
      tidak dibebani bunga dan tidak memiliki jadwal                           bear no interest and have no fixed repayment
      pelunasan kembali yang tetap.                                            period.

      Manajemen Grup berkeyakinan bahwa cadangan                               The Group’s management believes that the
      kerugian penurunan nilai piutang pihak berelasi                          allowance for impairment of due from related
      telah memadai untuk menutup kerugian kredit                              parties is adequate to cover expected credit
      ekspektasian terkait piutang pihak berelasi tidak                        losses related to uncollectible amounts due from
      tertagih berdasarkan hasil penelaahan atas status                        related parties based on the review of receivable
      piutang pada akhir tahun.                                                status at the end of the year.




                                                               108
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PT BAKRIELAND DEVELOPMENT Tbk                                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                                               stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                          38. TRANSACTIONS    AND     BALANCES                                  WITH
    BERELASI (Lanjutan)                                                                 RELATED PARTIES (Continued)

   d. Utang pihak berelasi                                                              d. Due to related parties
                                                      2025                                                2024
                                                                Persentase                                         Persentase
                                                              terhadap Total                                     terhadap Total
                                                                 Liabilitas/                                        Liabilitas/
                                                               Percentage                                         Percentage
                                     Total/                       To Total               Total/                      To Total
                                     Total                       Liabilities             Total                      Liabilities

       PT Minarak Artha Raya                  5.632                    0,214%                     5.632                   0,207%             PT Minarak Artha Raya
       PT Sanggraha Pelita                                                                                                                      PT Sanggraha Pelita
         Development Services                 2.521                    0,096%                     2.521                   0,093%            Development Services
       PT Petromine Energy Trading                -                         -                     1.000                   0,037%        PT Petromine Energy Trading
       Lain-lain (masing-masing                                                                                                                   Other (each below
         di bawah Rp1 miliar)                 5.801                    0,220%                     6.710                   0,247%                      Rp1 billion)

       Total                              13.954                       0,530%                 15.863                      0,584%                              Total



      Utang pihak berelasi berasal dari pemberian                                           Balance due to related parties represents
      pinjaman dana (uang muka) dan penggantian                                             borrowings (advances) and reimbursement of
      biaya kepada pihak berelasi. Utang-utang ini tidak                                    expenses to related parties. These payables
      dibebani bunga dan tidak memiliki jadwal                                              bear no interest and have no fixed repayment
      pelunasan kembali yang tetap.                                                         period.
      Seluruh utang pihak berelasi               Grup              dalam                    All of the Group’s due to related parties are
      denominasi mata uang Rupiah.                                                          denominated in Rupiah currency.
   e. Uang muka pelanggan                                                               e. Advance from customers
                                                            2025                                          2024
                                                                 Persentase                                        Persentase
                                                               terhadap Total                                    terhadap Total
                                                                  Liabilitas/                                       Liabilitas/
                                                                Percentage                                        Percentage
                                         Total/                    to Total               Total/                     to Total
                                         Total                    Liabilities             Total                     Liabilities

       Lain-lain (masing-masing                                                                                                                Other (each below
         di bawah Rp2 miliar)                  22.824                   0,866%               16.900                     0,622%                     Rp2 billion)


   f. Pendapatan ditangguhkan                                                           f. Deferred income
                                                            2025                                          2024
                                                                  Persentase                                       Persentase
                                                                terhadap Total                                   terhadap Total
                                                                   Liabilitas/                                      Liabilitas/
                                                                 Percentage                                       Percentage
                                         Total/                     to Total              Total/                     to Total
                                         Total                     Liabilities            Total                     Liabilities

       Lain-lain (masing-masing                                                                                                                Other (each below
         di bawah Rp2 miliar)                           -                       -                 6.468                 0,238%                     Rp2 billion)


   g. Imbalan kerja jangka pendek                                                       g. Short-term employee benefits
      Gaji dan kompensasi lainnya yang dibayarkan                                           Remunerations to the Boards of Commissioners
      kepada Dewan Komisaris dan Direksi Grup pada                                          and Directors of the Group in 2025 and 2024 are
      tahun 2025 dan 2024 adalah sebagai berikut:                                           as follows:

                                                                    2025                   2024
       Direksi                                                        2.861                       3.176                                  Board of Directors
       Dewan Komisaris                                                1.962                       2.623                            Board of Commissioners
       Total                                                          4.823                       5.799                                                   Total



                                                                           109
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PT BAKRIELAND DEVELOPMENT Tbk                                                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                                              DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                                  stated)

39. INFORMASI SEGMEN                                                                                    39. SEGMENT INFORMATION

   Grup memiliki usaha yang terbagi dalam lima divisi                                                             The Group divides its business into five operational
   operasi, yang meliputi usaha yang berhubungan                                                                  divisions, comprising of:
   dengan:
   (i) Divisi I terdiri dari penjualan tanah, rumah,                                                              (i) Division I represents sales of land, residential,
         apartemen/ kondotel dan ruang perkantoran;                                                                    apartment/ condotel and office spaces;
   (ii) Divisi II terdiri dari sewa dan pengelolaan                                                               (ii) Division II represents rental and management of
         perkantoran, ruangan, lapangan dan iuran                                                                      office, spaces, courts and membership fees;
         keanggotaan;
   (iii) Divisi III terdiri dari hotel, makanan dan minuman;                                                      (iii) Division III represents hotel, food                                     and
                                                                                                                        beverages;
   (iv) Divisi IV terdiri dari taman hiburan; dan                                                                 (iv) Division IV represents theme parks; and
   (v) Divisi V terdiri dari lain-lain.                                                                           (v) Division V represents others.`
   Informasi segmen berikut ini dilaporkan berdasarkan                                                            The following segment information is reported based
   informasi yang digunakan oleh manajemen untuk                                                                  on the information used by management to evaluate
   mengevaluasi kinerja setiap segmen dan menentukan                                                              the performance of each segment and the allocation
   alokasi sumber daya.                                                                                           of resources.
                                                                                                    2025
                                         Divisi I/        Divisi II/          Divisi III/        Divisi IV/         Divisi V/        Eliminasi/        Konsolidasi/
                                        Division I       Division II         Division III       Division IV        Division V       Elimination       Consolidation
    Pendapatan neto                         192.117          900.526             272.878             60.422                     -                 -       1.425.943                       Net revenues
    Beban pokok pendapatan                   87.685          734.193              96.869             21.336                     -                 -         940.083                   Cost of revenues
    Laba bruto                              104.432          166.333             176.009             39.086                     -                 -         485.860                         Gross profit
    Beban penjualan                          (9.860)           (2.872)             (9.963)           (4.988)                    -                 -         (27.683)                  Selling expenses
    Beban umum dan                                                                                                                                                                         General and
      administrasi                         (121.119)          (76.105)           (78.676)           (24.065)            (1.905)                   -        (301.870)        administrative expenses
                                                                                                                                                                                           Income (loss)
    Laba (rugi) usaha                       (26.547)           87.356             87.370             10.033            (1.905)                    -         156.307                    from operation
    Laba atas pembelian diskon                    -                 -                  -                  -            12.101                     -          12.101          Gain on bargain purchase
                                                                                                                                                                                Gain (loss) on sale and
    Laba (rugi) atas penjualan dan                                                                                                                                           disposal of fixed assets
      penghapusan aset tetap dan                                                                                                                                                     and investment
      properti investasi - neto                  29                     -             (23)                    -                 -                 -               6                   properties - net
    Beban bunga dan                                                                                                                                                               Interest expense and
      keuangan - neto                       (80.238)           (7.213)               (209)           (5.942)                (7)                   -         (93.609)          financial charges - net
    Bagian atas rugi neto                                                                                                                                                           Share in net loss of
      Entitas Asosiasi                      (48.125)                -                       -                 -         (9.371)           10.930            (46.566)                     an Associate
    Beban pajak final                        (4.686)          (11.434)                      -                 -              -                 -            (16.120)                  Final tax expense
    Laba (rugi) selisih                                                                                                                                                           Gain (loss) on foreign
      kurs - neto                            (1.327)                   (3)                  -                 -        (12.439)            9.333             (4.436)                  exchange - net
    Rugi atas pembatalan                                                                                                                                                      Loss on unit cancellation
      penjualan unit                                                                                                                                                           of sales of residential
      rumah dan apartemen                    (1.135)                    -                   -                 -                 -                 -          (1.135)                 and apartments
    Kerugian atas pembongkaran
      bangunan                                 (396)                -                  -                  -                 -                   -              (396)   Loss from demolition of building
    Lain-lain - neto                         22.388               821            (59.601)               949             6.433              (8.921)          (37.931)                   Others - net
    Laba (rugi)
      sebelum manfaat                                                                                                                                                              Profit (loss) before
      (beban) pajak penghasilan            (140.037)           69.527             27.537              5.040             (5.188)           11.342            (31.779)   income tax benefit (expense)
    Manfaat (beban)                                                                                                                                                                  Income tax benefit
      pajak penghasilan                        (329)           (6.734)             (3.243)                    -                 -                 -         (10.306)                      (expense)
    Laba (rugi) neto                       (140.366)           62.793             24.294              5.040             (5.188)           11.342            (42.085)                    Net profit (loss)

    Penghasilan (rugi)                                                                                                                                                          Other comprehensive
      komprehensif lain                                                                                                                                                              income (loss)

    Pos-pos yang tidak akan                                                                                                                                                     Items that will not be
      direklasifikasi lebih lanjut                                                                                                                                       reclassified subsequently
      ke laba rugi:                                                                                                                                                                   to profit loss:
      Keuntungan (kerugian)
         aktuarial                           (1.364)              306                227                      -                 -                 -            (831)         Actuarial gains (losses)
      Pajak penghasilan terkait                   -               (67)                 -                      -                 -                 -             (67)             Related income tax

    Pos-pos yang akan
      direklasifikasi lebih                                                                                                                                             Items that will be reclassified
      lanjut ke laba rugi:                                                                                                                                             subsequently to profit loss:
      Bagian rugi yang belum
         direalisasi investasi pada                                                                                                                                       Share in unrealized loss of
         Entitas Asosiasi                    23.449                     -                   -                 -                 -                 -          23.449    investment in an Associate
                                                                                                                                                                        Exchange differences due to
      Selisih kurs penjabaran laporan                                                                                                                                         financial statements
        keuangan                                     -                  -                   -                 -          (388)                    -            (388)                     translation
      Rugi pada aset keuangan yang                                                                                                                                       Unrealized loss on financial
        belum direalisasi pada nilai                                                                                                                                   assets at fair value through
        wajar melalui penghasilan                                                                                                                                            other comprehensive
        komprehensif lain                            -                  -                   -                 -                 -                 -               -                          income
    Penghasilan (rugi)                                                                                                                                                            Other comprehensive
      komprehensif lain -                                                                                                                                                            income (loss) -
      setelah pajak                          22.085               239                227                      -          (388)                    -          22.163                       net of tax




                                                                                                110
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PT BAKRIELAND DEVELOPMENT Tbk                                                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                                stated)

39. INFORMASI SEGMEN (Lanjutan)                                                                       39. SEGMENT INFORMATION (Continued)

                                                                                                  2025
                                         Divisi I/        Divisi II/        Divisi III/        Divisi IV/    Divisi V/        Eliminasi/        Konsolidasi/
                                        Division I       Division II       Division III       Division IV   Division V       Elimination       Consolidation

    Penghasilan (rugi)
      komprehensif                                                                                                                                                           Net comprehensive
      neto                                 (118.281)           63.032           24.521              5.040        (5.576)            11.342            (19.922)                 income (loss)
    Informasi segmen lainnya                                                                                                                                      Other information of segment
       Aset segmen                       31.237.855       19.299.150         1.371.976            242.322     1.625.835        (45.139.513)         8.637.625                 Segment assets
       Liabilitas segmen                 19.289.118       16.996.462           215.546            289.420     1.252.589        (35.408.012)         2.635.123               Segment liabilities



                                                                                                  2024
                                         Divisi I/        Divisi II/        Divisi III/        Divisi IV/    Divisi V/        Eliminasi/        Konsolidasi/
                                        Division I       Division II       Division III       Division IV   Division V       Elimination       Consolidation
    Laba (rugi) selisih                                                                                                                                                     Gain (loss) on foreign
      kurs - neto                           (26.636)               51                     -             -      (14.902)            11.085            (30.402)                   exchange - net
    Rugi atas pembatalan                                                                                                                                                Loss on unit cancellation
      penjualan unit                                                                                                                                                     of sales of residential
      rumah dan apartemen                      (356)                   -                  -             -                -                 -            (356)                  and apartments
                                                                                                                                                                          Gain (loss) on sale and
    Laba (rugi) atas penjualan dan                                                                                                                                     disposal of fixed assets
      penghapusan aset tetap dan                                                                                                                                               and investment
      properti investasi - neto                 141                62           (1.644)                 -            -                  -             (1.441)                   properties - net
    Lain-lain - neto                         57.762           (18.390)         (74.951)             4.177       11.004            (11.453)           (31.851)                      Others - net
    Laba (rugi)
      sebelum manfaat                                                                                                                                                        Profit (loss) before
      (beban) pajak penghasilan            (155.590)           30.337           32.252              7.153      (14.451)             4.364            (95.935)    income tax benefit (expense)
    Manfaat (beban)                                                                                                                                                            Income tax benefit
      pajak penghasilan                              -         (2.100)           (3.913)                -                -                 -          (6.013)                       (expense)
    Laba (rugi) neto                       (155.590)           28.237           28.339              7.153      (14.451)             4.364           (101.948)                     Net profit (loss)

    Penghasilan (rugi)                                                                                                                                                    Other comprehensive
      komprehensif lain                                                                                                                                                        income (loss)
    Pos-pos yang tidak akan                                                                                                                                               Items that will not be
      direklasifikasi lebih lanjut                                                                                                                                 reclassified subsequently
      ke laba rugi:                                                                                                                                                             to profit loss:
      Keuntungan (kerugian)
         aktuarial                            2.014             1.293              (122)                -                -                 -           3.185           Actuarial gains (losses)
      Pajak penghasilan terkait                   -              (186)                -                 -                -                 -            (186)              Related income tax

    Pos-pos yang akan
      direklasifikasi lebih                                                                                                                                       Items that will be reclassified
      lanjut ke laba rugi:                                                                                                                                       subsequently to profit loss:
      Bagian rugi yang belum
         direalisasi investasi pada                                                                                                                                 Share in unrealized loss of
         Entitas Asosiasi                        (33)                  -                  -             -                -                 -             (33)    investment in an Associate
                                                                                                                                                                  Exchange differences due to
      Selisih kurs penjabaran laporan                                                                                                                                   financial statements
        keuangan                                     -                 -                  -             -       24.590                     -          24.590                       translation
      Rugi pada aset keuangan yang                                                                                                                                 Unrealized loss on financial
        belum direalisasi pada nilai                                                                                                                             assets at fair value through
        wajar melalui penghasilan                                                                                                                                      other comprehensive
        komprehensif lain                   (32.638)                   -                  -             -                -                 -         (32.638)                          income
    Penghasilan (rugi)                                                                                                                                                      Other comprehensive
      komprehensif lain -                                                                                                                                                      income (loss) -
      setelah pajak                         (30.657)            1.107              (122)                -       24.590                     -          (5.082)                       net of tax
    Penghasilan (rugi)
      komprehensif                                                                                                                                                          Net comprehensive
      neto                                 (186.247)           29.344           28.217              7.153       10.139              4.364           (107.030)                 income (loss)
    Informasi segmen lainnya                                                                                                                                     Other information of segment
       Aset segmen                       29.673.411       19.721.024         1.362.235           220.293     1.636.021        (43.870.967)         8.742.017                 Segment assets
       Liabilitas segmen                 18.651.573       16.939.494           106.440            19.069     1.249.037        (34.247.811)         2.717.802               Segment liabilities




40. KOMPONEN EKUITAS LAINNYA                                                                          40. OTHER COMPONENT OF EQUITY

                                                                                2025                        2024
    Keuntungan aktuarial                                                           23.385                    24.283                                         Actuarial gain
    Bagian laba (rugi) yang belum direalisasi                                                                                          Share in unrealized gain (loss) of
       investasi pada Entitas Asosiasi                                             12.294                    (11.155)                    investment in an Associate
                                                                                                                                          Foreign exchange differences
    Selisih kurs atas penjabaran                                                                                                           from financial statements
        laporan keuangan                                                       (820.303)                    (819.915)                                      translation




                                                                                              111
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PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                  DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

40. KOMPONEN EKUITAS LAINNYA (Lanjutan)                                    40. OTHER COMPONENT OF EQUITY (Continued)

                                                         2025                    2024
    Rugi pada aset keuangan yang
        belum direalisasi pada nilai wajar                                                            Unrealized loss on financial assets
        melalui penghasilan                                                                               at fair value through other
        komprehensif lain                                  (32.637)               (32.637)                   comprehensive income
    Lain-lain (masing-masing                                                                                          Others (each below
        di bawah Rp2 miliar)                                84.434                 84.434                              of Rp2 billion)
    Total                                                (732.827)               (754.990)                                                Total



41. KEPENTINGAN NONPENGENDALI                                              41. NON-CONTROLLING INTEREST

   a. Ekuitas - kepentingan nonpengendali                                       a. Equity - non-controlling interest

      Rincian ekuitas dari kepentingan nonpengendali                                The detail of equity from non-controlling interest
      atas aset neto Entitas Anak pada tanggal                                      in  net     asset    of   Subsidiaries    as    of
      31 Desember 2025 dan 2024 adalah sebagai                                      December 31, 2025 and 2024 is as follows:
      berikut:

                                                            2025                   2024
       PT Graha Andrasentra                                                                                         PT Graha Andrasentra
          Propertindo Tbk                                   604.957                 635.177                             Propertindo Tbk
       PT Jasa Boga Raya                                      2.551                   2.621                             PT Jasa Boga Raya
       PT Bakrie Swasakti Utama                            (160.127)               (163.238)                     PT Bakrie Swasakti Utama
       PT Krakatau Lampung                                                                                          PT Krakatau Lampung
          Tourism Development                                  (2.614)                (2.614)                     Tourism Development
       Neto                                                 444.767                 471.946                                                 Net


   b. Rugi neto yang dapat diatribusikan kepada                                 b. Net loss          attributable     to    non-controlling
      kepentingan nonpengendali                                                    interest

      Rugi komprehensif neto tahun berjalan yang dapat                              Net comprehensive loss for the year attributable
      diatribusikan kepada kepentingan nonpengendali                                to non-controlling interest during 2025 and 2024
      selama tahun 2025 dan 2024 adalah sebagai                                     is as follows:
      berikut:

                                                  2025                                       2024
                                                      Total Penghasilan                          Total Penghasilan
                                                     (Rugi) Komprehensif                        (Rugi) Komprehensif
                                    Laba (Rugi)        Tahun Berjalan/         Laba (Rugi)        Tahun Berjalan/
                                  Tahun Berjalan/   Total Comprehensive      Tahun Berjalan/   Total Comprehensive
                                  Income (Loss)         Income (Loss)        Income (Loss)         Income (Loss)
                                   For the Year          For the Year         For the Year          For the Year

       PT Bakrie Swasakti Utama             3.111                3.111               (17.097)             (17.097)         PT Bakrie Swasakti Utama
       PT Graha Andrasentra               (28.429)             (28.429)                                                        PT Graha Andrasentra
         Propertindo Tbk                                                             (16.320)             (16.320)                 Propertindo Tbk
       PT Jasa Boga Raya                      (70)                 (70)                   (4)                  (4)               PT Jasa Boga Raya
       PT Krakatau Lampung                                                                                                     PT Krakatau Lampung
         Tourism Development                    -                    -                     1                    1            Tourism Development

       Neto                               (25.388)             (25.388)              (33.420)             (33.420)                             Net




                                                                   112
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

42. RUGI PER SAHAM DASAR/DILUSIAN                                  42. BASIC/DILUTED LOSS PER SHARE

   Berikut adalah rekonsiliasi pembilang dan penyebut                  The following presents the reconciliation of the
   yang digunakan untuk perhitungan rugi per lembar                    numerators and denominators used in the
   saham dasar dan dilusian:                                           computation of basic and diluted loss per share:

                                                                  2025
                                                             Total Rata-rata           Rugi
                                                           Tertimbang Saham         Per Saham/
                                              Rugi            yang Beredar/       Loss Per Share
                                         Tahun Berjalan/    Average Number        (Rupiah Penuh/
                                              Loss           of Outstanding        Full Amount
                                          For the Year           Shares             in Rupiah)

    Rugi per saham dasar                                                                                        Basic loss per share
    Rugi neto bersih yang dapat                                                                                              Net loss
       diatribusikan kepada pemilik                                                                        attributable to owner
       Entitas Induk                            (42.085)             43.522               (0,97)            of the Parent Entity


                                                                  2024
                                                             Total Rata-rata           Rugi
                                                           Tertimbang Saham         Per Saham/
                                              Rugi            yang Beredar/       Loss Per Share
                                         Tahun Berjalan/    Average Number        (Rupiah Penuh/
                                              Loss           of Outstanding        Full Amount
                                          For the Year           Shares             in Rupiah)

    Rugi per saham dasar                                                                                        Basic loss per share
    Rugi neto bersih yang dapat                                                                                              Net loss
       diatribusikan kepada pemilik                                                                        attributable to owner
       Entitas Induk                           (101.948)             43.522               (2,34)            of the Parent Entity


   Perusahaan tidak memiliki saham biasa yang                          The Company has no potential dilutive ordinary
   berpotensi dilutif. Dengan demikian, rugi per saham                 shares. Therefore, the diluted loss per share is
   dilusian setara dengan rugi per saham dasar.                        equivalent to the basic loss per share.


43. PERJANJIAN-PERJANJIAN             DAN    KOMITMEN              43. SIGNIFICANT                 AGREEMENTS                AND
    PENTING                                                            COMMITMENTS
    a.   Pada tanggal 24 September 2004, PT Bakrie                     a. On September 24, 2004, PT Bakrie Swasakti
         Swasakti Utama (BSU), Entitas Anak, dan                          Utama (BSU), a Subsidiary, and BAPPENAS
         BAPPENAS menandatangani perjanjian Bangun                        signed an Agreement of Build, Operate and
         Guna Serah/BOT (Build, Operate and Transfer)                     Transfer  (BOT)     No.     4300/SES/09/2004,
         No. 4300/SES/09/2004, yang memperbaharui                         revoking    the      previous       agreements
         perjanjian            sebelumnya,           yaitu                No. 4973/WK/8/1995 and No. 950A/WK/2/1998.
         No. 4973/WK/8/1995 dan No. 950A/WK/2/1998.                       The agreement stipulate as followings:
         Perjanjian tersebut berisi, antara lain:
         - Kompensasi yang akan diberikan oleh BSU                            -     The compensation to be provided by BSU
              kepada BAPPENAS yaitu berupa tanah                                    to BAPPENAS is in the form of land
              seluas kurang lebih 1,4 ha yang terletak di                           covering approximately 1.4 ha located in
              Desa Jatisari dan Desa Jati Sampurna, Kota                            Jatisari Village and Jati Sampurna Village,
              Bekasi. Kompensasi diberikan berkaitan                                Bekasi City. The compensation provided is
              dengan pembangunan gedung di atas tanah                               in respect of the construction of buildings
              milik BAPPENAS yang berlokasi di Jl. H.R.                             on land owned by Bappenas located at
              Rasuna Said Kav. B2.                                                  Jl. H.R Rasuna Said Kav. B2.
         - Perubahan         jumlah      setoran  kepada                      -     The change in the amount of deposit to the
              Pemerintah melalui Kantor Kas Negara                                  Government through the State Treasury
              selama masa pengelolaan yaitu dari                                    during the management period is from
              US$28.572 per tahun menjadi Rp245,92 juta                             US$28,572 annually to Rp245.92 million
              per tahun.                                                            annually.
         - Masa        BOT      berlaku     sejak tanggal                     -     The BOT period is effective from
              1 Januari 2005 sampai dengan tanggal                                  January 1, 2005 to December 31, 2029.
              31 Desember 2029.


                                                             113
Page 431
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

43. PERJANJIAN-PERJANJIAN            DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                  COMMITMENTS (Continued)

    b.   Grup mengadakan perjanjian jasa pengelolaan                    b. The Group conducted a service hotel/apartment
         hotel/apartemen dengan rincian sebagai berikut:                   management agreements with the details as
                                                                           follows:
         (i) Pada tanggal 20 Agustus 2007, BSU, selaku                      (i) On August 20, 2007, BSU, as the unit
             pemilik unit, menandatangani perjanjian                            owners, entered into the agreement with
             dengan    Aston    sehubungan    dengan                            Aston on operational management of Aston
             pengelolaan operasional Hotel/Apartemen                            Hotel/Apartment located at The Grove
             Aston yang berlokasi di The Grove Suites,                          Suites, Rasuna Epicentrum complex.
             kompleks Rasuna Epicentrum.
             Jangka waktu perjanjian adalah lima (5)                            The term of the agreement is five (5) years
             tahun sejak peresmian apartemen dan dapat                          since the opening and can be extended
             diperpanjang sesuai dengan perjanjian.                             according to the agreement. This
             Perjanjian ini telah diperbarui beberapa kali,                     agreement has been amended several
             dengan perubahan terakhir pada tanggal                             times, with the latest amendment was on
             7 September 2021 untuk jangka waktu lima                           September 7, 2021 for a period of five (5)
             (5) tahun.                                                         years.

         (ii) Pada tanggal 24 Februari 2012, PT Graha                       (ii) On February 24, 2012, PT Graha Multi
              Multi    Insani   (GMI),    Entitas    Anak,                       Insani (GMI), a Subsidiary, signed a
              menandatangani perjanjian manajemen                                management       agreement             with
              dengan     PT    Archipelago    International                      PT Archipelago International Indonesia on
              Indonesia sehubungan dengan pengelolaan                            operational management of Hotel Neo+
              Hotel     Neo+    Awana     yang     terletak                      Awana located in Yogyakarta. The
              di Yogyakarta. Jangka waktu perjanjian                             agreement was valid for ten (10) years. On
              adalah sepuluh (10) tahun. Pada tanggal                            April 1, 2015,  GMI      authorized    and
              1 April 2015, GMI memberikan kuasa dan                             appointed RRD, a Subsidiary, as the
              menunjuk RRD, Entitas Anak, sebagai                                Owner Representative to perform the
              Owner Representative untuk melakukan                               management functions.
              fungsi pengelolaan.

             Perjanjian ini telah diperbarui beberapa kali,                     This agreement has been amended several
             dengan perubahan terakhir pada tanggal                             times, with the latest amendment on
             29 Juli 2019 sehubungan dengan adendum                             July 29, 2019, related to the addendum of
             re-branding nama hotel dari Hotel Neo+                             hotel name re-branding from the Neo+
             Awana Yogyakarta menjadi The Alana Hotel                           Awana Yogyakarta to The Alana Hotel &
             & Conference Center - Malioboro. Perjanjian                        Conference Center - Malioboro. The term
             ini berlaku efektif selama sepuluh (10) tahun                      of the agreement are valid for ten (10)
             sejak tanggal 1 Januari 2020.                                      years from January 1, 2020.

         (iii) Pada tanggal 28 Januari 2015, PT Bumi                        (iii) On January 28, 2015, PT Bumi Daya
               Daya Makmur (BDM) selaku Pemilik,                                  Makmur (BDM) as the Owner signed an
               menandatangani       perjanjian    dengan                          agreement       with   PT    Swiss-Belhotel
               PT Swiss-Belhotel International Indonesia                          International Indonesia (Swiss-Belhotel), as
               (Swiss-Belhotel)      selaku     Operator,                         the Operator, in connection with the
               sehubungan dengan pengelolaan Hotel/                               management         of   Swiss-Belresidences
               Apartemen Swiss-Belresidences Rasuna                               Rasuna        Epicentrum    Hotel/Apartment
               Epicentrum yang berada di Jakarta. Jangka                          located in Jakarta. The term of the
               waktu perjanjian adalah sepuluh (10) tahun                         agreement is ten (10) years from the soft
               sejak pembukaan perdana (soft opening)                             opening on March 29, 2019 and can be
               pada tanggal 29 Maret 2019 dan dapat                               extended for another ten (10) years with
               diperpanjang selama sepuluh (10) tahun                             prior notice.
               dengan pemberitahuan terlebih dahulu.




                                                              114
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

43. PERJANJIAN-PERJANJIAN            DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                    AND
    PENTING (Lanjutan)                                                  COMMITMENTS (Continued)

         (iv) Pada bulan Juli 2008, PT Graha Andrasentra                    (iv) In July 2008, PT Graha Andrasentra
              Propertindo Tbk (GAP), Entitas Anak,                               Propertindo Tbk (GAP), a Subsidiary, and
              menandatangani        perjanjian   dengan                          PT Archipelago International Indonesia
              PT Archipelago    International  Indonesia                         entered into an agreement on operational
              sehubungan dengan pengelolaan Hotel/                               management of Aston Hotel/Apartment
              Apartemen Aston yang terletak di Bogor,                            located ini Bogor, West Java. The
              Jawa Barat. Jangka waktu perjanjian adalah                         agreement is valid for ten (10) years from
              sepuluh (10) tahun sejak pengoperasian                             the hotel’s operation date and can be
              hotel dan dapat diperpanjang jika disetujui                        extended if agreed in accordance with the
              sesuai dengan perjanjian.                                          agreement.

             Perjanjian ini telah diperbarui beberapa kali,                     This agreement has been amended several
             dengan perubahan terakhir pada tanggal                             times, with the latest amendment on
             14 Oktober 2025 dengan jangka waktu                                October 14, 2025 and the term of
             lima (5) tahun sampai dengan tanggal                               agreement are valid for five (5) years until
             31 Desember 2030.                                                  December 31, 2030.

    c.   Pada tanggal 22 Agustus 1998, BSU, Entitas                     c. On August 22, 1998, BSU, a Subsidiary,
         Anak, membuat perjanjian dengan Dinas                             entered into an agreement with Dinas Olahraga
         Olahraga DKI Jakarta tentang pengelolaan                          DKI Jakarta concerning the management of
         Gelanggang Olahraga Mahasiswa Soemantri                           Gelanggang Olahraga Mahasiswa Soemantri
         Brodjonegoro (GMSB) dan Plaza Festival,                           Brodjonegoro (GMSB) and Plaza Festival, in
         dimana BSU berkewajiban untuk mendukung                           which BSU is obligated to support the sports
         program pembinaan keolahragaan mahasiswa                          founding program for students of DKI Jakarta by
         DKI     Jakarta    melalui   penyelenggaraan                      conducting the inter-students sport competition
         pertandingan olahraga antar mahasiswa dengan                      with a budget of Rp300 million per year or by
         anggaran biaya Rp300 juta per tahun atau                          paying cash of Rp300 million per year to Dinas
         dengan cara menyerahkan dana Rp300 juta per                       Olahraga DKI Jakarta.
         tahun kepada Dinas Olahraga DKI Jakarta.

         Perjanjian tersebut selanjutnya dialihkan oleh                     The agreement was subsequently transferred by
         BSU kepada PT Bakrie Pesona Rasuna, Entitas                        BSU to PT Bakrie Pesona Rasuna,
         Anak.                                                              a Subsidiary.

    d.   Pada tanggal 6 Februari 2008, berdasarkan                      d. On February 6, 2008, based on the Joint
         perjanjian Kerjasama Usaha No. DIRUT/089/97/II                    Ventures agreement No. DIRUT/089/97/II/2008
         /2008 (untuk Perumnas) dan No. 010A/Perj-                         (for    Perumnas)    and     No.    010A/Perj-
         Kerjasama/BLD-Perumnas/II/2008           (untuk                   Kerjasama/BLD-Perumnas/II/2008      (for  the
         Perusahaan), Perusahaan Umum Pembangunan                          Company), Perusahaan Umum Pembangunan
         Perumahan       Nasional    (Perumnas)     dan                    Perumahan Nasional (Perumnas) and the
         Perusahaan mengadakan perjanjian Kerjasama                        Company entered into a Joint Ventures
         Usaha pembangunan dan pemasaran Rusunami                          agreement for the development and marketing
         (perjanjian KSU) di atas tanah milik Perumnas.                    of Rusunami (KSU agreement) on Perumnas
         Hal     ini   sesuai    dengan     perencanaan                    land, in accordance with the development plan
         pengembangan Kawasan Pulogebang dan                               of Pulogebang Region and Sentra Primer Baru
         Sentra Primer Baru Timur dengan nama KSO                          Timur under the name of KSO Perumnas -
         Perumnas - PT Bakrie Pangripta Loka (KSO PP-                      PT Bakrie Pangripta Loka (KSO PP-BPL).
         BPL).

         Perusahaan menunjuk PT Bakrie Pangripta Loka                       The Company appointed PT Bakrie Pangripta
         (BPL), Entitas Anak, untuk menggantikan posisi                     Loka (BPL), a Subsidiary, to take over the
         Perusahaan dalam menjalankan perjanjian                            Company’s position in running the Joint
         Kerjasama Usaha dengan Perumnas,yang telah                         Ventures agreement with Perumnas, which was
         disetujui oleh Perumnas pada tanggal 8 April                       approved by Perumnas on April 8, 2008. Profits
         2008. Laba atau rugi dari operasi akan                             or losses from the operations will be distributed
         didistribusikan dengan persentase sebesar 51%                      at 51% to BPL and 49% to Perumnas. The term
         untuk BPL dan 49% untuk Perumnas. Jangka                           of the agreement is 36 months and can be
         waktu perjanjian tersebut adalah 36 bulan dan                      extended upon agreement of both parties.
         dapat diperpanjang berdasarkan kesepakatan
         para pihak.



                                                              115
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

43. PERJANJIAN-PERJANJIAN         DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                    AND
    PENTING (Lanjutan)                                              COMMITMENTS (Continued)

       Pada tanggal 24 Mei 2011, berdasarkan                            On May 24, 2011, based on Joint Ventures
       perjanjian         Kerjasama            Usaha                    agreement     No. DIRUT/304/97/V/2011    (for
       No. DIRUT/304/97/V/2011 (untuk Perumnas) dan                     Perumnas)         and       No. 003/KSU/BLD
       No.    003/KSU/BLD-Perumnas/V/2011      (untuk                   Perumnas/V/2011      (for   the   Company),
       Perusahaan) , Perumnas dan Perusahaan                            Perumnas and the Company entered into a
       mengadakan perjanjian Kerjasama Usaha untuk                      Joint Ventures agreement for the development
       pembangunan dan pemasaran gedung komersial                       and marketing of commercial and residential
       dan hunian yang merupakan bagian dari                            buildings as part of the planning and
       perencanaan dan pengembangan kawasan di                          development in the area on land HPL No.
       atas tanah HPL No. 2/1997 Pulogebang dan                         2/1997 Pulogebang and Sentra Primer Baru
       Sentra Primer Baru Timur (SPBT), Jakarta Timur                   Timur (SPBT), East Jakarta with an area of
       seluas 31 ha.                                                    31 ha.

       Perjanjian kerjasama operasi telah diperpanjang                  Operating agreement had been extended
       beberapa kali, terakhir berdasarkan Adendum III                  several times, most recently by the Addendum
       Perjanjian Kerjasama Operasi antara Perumnas                     III Operation Agreement between Perumnas
       dengan BPL tanggal 30 Juli 2018, No. Pihak                       and BPL dated July 30, 2018, No. Second
       Kedua:         006.B/BPL-DIRUT/SPK-DS/VII-18.                    Party: 006.B/BPL-DIRUT/SPK-DS/VII-18. The
       Jangka waktu perjanjian tersebut diperpanjang                    term of the agreement was extended until
       sampai dengan tanggal 31 Maret 2020.                             March 31, 2020.

       Pada tanggal 14 April 2020, BPL, Entitas Anak,                   On April 14, 2020, BPL, a Subsidiary, received
       menerima     Surat    Rencana      Pengakhiran                   a Letter for Termination of the Sentra Primer
       Kerjasama Proyek Sentra Primer Baru Timur dari                   Baru Timur Project from Perumnas. The letter
       Perumnas. Dalam surat tersebut, Perumnas                         stated that Perumnas expressed disagreement
       menyatakan tidak setuju atas hasil audit laporan                 with the results of the KSO’s audit financial
       keuangan KSO untuk tahun yang berakhir pada                      statements      for    the      years     ended
       tanggal 31 Desember 2019 dan 2018.                               December 31, 2019 and 2018. In accordance
       Sehubungan dengan perselisihan tersebut,                         with such dispute, Perumnas decided to cancel
       Perumnas memutuskan untuk membatalkan                            the plan to terminate the joint operation which
       rencana pengakhiran kerjasama operasi yang                       was previously scheduled to be effective on
       sebelumnya dijadwalkan efektif per tanggal                       March 31, 2020.
       31 Maret 2020.

       Terkait perselisihan atas hasil audit tersebut,                  Regarding the dispute over the audit results,
       Perumnas menyatakan akan menyerahkan hal ini                     Perumnas stated to submit this issue to the
       kepada Badan Auditor Keuangan Negara, yaitu                      State Financial Auditors, namely Badan
       Badan Pemeriksa Keuangan (BPK) atau Badan                        Pemeriksa Keuangan (BPK) or Badan
       Pengawasan Keuangan dan Pembangunan                              Pengawasan Keuangan dan Pembangunan
       (BPKP), untuk dilakukan audit umum dan/atau                      (BPKP), to conduct a general audit and/or a
       audit forensik atas laporan keuangan KSO PP-                     forensic audit of the KSO PP-BPL’s financial
       BPL.                                                             statements.

       Efektif sejak tanggal 14 April 2020, sampai                      Effective April 14, 2020, until the audit process
       dengan proses audit BPK atau BPKP selesai                        by BPK or BPKP is completed, Perumnas
       dilakukan, Perumnas meminta agar seluruh                         requested to postpone the entire project of KSO
       proyek KSO PP-BPL dibekukan terlebih dahulu.                     PP-BPL. The management of KSO PP-BPL is
       Pengelola KSO PP-BPL juga tidak diperbolehkan                    neither allowed to develop new projects, nor to
       untuk melakukan pengembangan proyek baru,                        sell the remaining apartment units currently
       ataupun melakukan penjualan atas sisa unit                       available.
       apartemen yang tersedia saat ini.

       Sampai dengan tercapainya kesepakatan para                       Until the parties agreed to make a decision on
       pihak untuk pengambilan keputusan terhadap                       the      continuation  of   the   agreement’s
       tindak lanjut pelaksanaan perjanjian, maka para                  implementation, the parties signed the Minutes
       pihak      menandatangani      Berita     Acara                  of Agreement to support the operational
       Kesepakatan      untuk   menunjang     kegiatan                  activities of KSO-PP-BPL.
       operasional KSO-PP-BPL.




                                                          116
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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                            DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

43. PERJANJIAN-PERJANJIAN             DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                   COMMITMENTS (Continued)

         Pada tanggal 26 Januari 2022, BPL, Entitas                          On January 26, 2022, BPL, a Subsidiary,
         Anak,      menandatangani       Berita   Acara                      signed     Letter of    Agreement     between
         Kesepakatan       antara   Perusahaan    Umum                       Perusahaan Umum Pembangunan Perumahan
         Pembangunan Perumahan Nasional (Perumnas)                           Nasional (Perumnas) and BPL (KSO PP-BPL)
         dan BPL (KSO PP-BPL) mengenai kegiatan                              regarding the implementation operational
         pelaksanaan operasional KSO PP-BPL. Jangka                          activities of KSO PP-BPL. The term of the
         waktu perjanjian ini berlaku sampai dengan                          agreement was valid until March 31, 2022.
         tanggal 31 Maret 2022.
         a. Para pihak sepakat untuk menunggu hasil                          a. The parties agreed to wait for the audit result
            audit BPKP atas pelaksanaan perjanjian.                             of BPKP on the implementation of the
            Hasil audit tersebut akan dijadikan dasar                           agreement. The audit results will be used as
            pertimbangan oleh BPL dani Perumnas                                 the basis for consideration by BPL and
            dalam pengambilan keputusan terhadap                                Perumnas in making decisions on the follow-
            tindak lanjut pelaksanaan perjanjian.                               up of the agreement’s implementation.

         b. Terkait dengan pelaksanaan kewajiban                            b.   The implementation of KSO PP-BPL
            manajemen         KSO      PP-BPL    terhadap                        management obligations to consumers,
            konsumen,          penyelesaian     perizinan,                       completion      of       permits,  building
            pengelolaan gedung, pihak ketiga, dan hal-                           management, third parties, and other
            hal lain, tetap dapat dilaksanakan.                                  matters can continue to be implemented.
         c. Perumnas dan BPL akan memberikan surat                          c.   Perumnas and BPL will provide the required
            kuasa yang dibutuhkan kepada wakil                                   procuration letter to the management
            manajemen          KSO       PP-BPL      untuk                       representative of KSO PP-BPL to implement
            melaksanakan kegiatan operasional tersebut.                          these operational activities.

         Proses Audit Tujuan Tertentu oleh BPKP telah                        The Specific Purpose Audit process by BPKP
         selesai dilakukan dan hasil audit telah diterbitkan                 has been completed and the audit results were
         pada tanggal 6 Desember 2022. BPKP                                  issued on December 6, 2022. BPKP provided
         memberikan rekomendasi kepada Direksi                               recommendations to the Board of Directors of
         Perumnas untuk melakukan audit dan mengambil                        Perumnas to conduct an audit and take
         upaya penyelesaian, serta kepada Dewan                              resolution actions, and to the Supervisory Board
         Pengawas Perumnas untuk memantau langkah                            of Perumnas to monitor the follow-up measures
         tindak lanjut yang dilakukan oleh Direksi                           taken by the Board of Directors of Perumnas.
         Perumnas.

         Perjanjian tersebut telah diperbarui beberapa                       This agreement has been amended several
         kali, dengan perubahan terakhir pada tanggal                        times, with the latest amendment was on
         2 Januari 2023, di mana BPL, Entitas Anak, dan                      January 2, 2023, when BPL, a Subsidiary, and
         Perumnas menandatangani adendum Berita                              Perumnas signed an addendum Letter of
         Acara Kesepakatan KSO PP-BPL. Jangka waktu                          Agreement KSO PP-BPL above. The term of
         perjanjian ini berlaku sampai dengan tanggal                        the     agreement     was     valid      until
         31 Desember 2025.                                                   December 31, 2025.

         Sampai dengan tanggal penyelesaian laporan                          Until the completion date of these consolidated
         keuangan konsolidasian ini diterbitkan, BPL tidak                   financial statements, BPL decided non-renewal
         memperpanjang perjanjian sampai tercapai                            of agreement until all parties approved the
         kesepakatan para pihak atas pengakhiran                             termination of KSO PP-BPL.
         KSO PP-BPL.

         Pada tanggal 8 Juli 2024, BPL telah mengajukan                      On July 8, 2024, BPL filed an application and
         permohonan dan daftar bukti awal ke Badan                           an initial list of evidence to the Indonesian
         Arbitrase Nasional Indonesia (BANI) atas perkara                    National Arbitration Board (BANI) for the
         arbitrase yang diajukan terhadap Perumnas                           arbitration case submitted against Perumnas
         terkait         penghentian            perjanjian                   concerning the termination of KSO PP-BPL
         KSO PP - BPL (Catatan 47b).                                         agreement (Note 47b).

    e.   Berdasarkan Akta Notaris oleh Elizabeth Karina                  e. Based on Notarial Deed of Elizabeth Karina
         Leonita, S.H., M.Kn., No. 44, tanggal                              Leonita, S.H., M.Kn., No. 44 of dated
         14 Oktober 2014, mengenai pengalihan 480 juta                      October 14, 2014 concerning the transfer of
         saham yang milik Perusahaan di BJA kepada                          480 million shares owned by the Company in
         PT Gili Tirta Anugerah (GTA) sebesar                               BJA to PT Gili Tirta Anugerah (GTA) amounted
         Rp800 miliar.                                                      to Rp800 billion.

                                                               117
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

43. PERJANJIAN-PERJANJIAN         DAN     KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                             COMMITMENTS (Continued)

       Berdasarkan Surat Utang sebagaimana terdapat                    Based on Debt Letter as stated in Notarial Deed
       dalam Akta Notaris oleh Elizabeth Karina                        No. 45 of Elizabeth Karina Leonita, S.H., M.Kn.,
       Leonita, S.H., M.Kn., No. 45 tanggal 14 Oktober                 dated October 14, 2014, GAP has receivables
       2014, GAP memiliki tagihan kepada GTA                           from GTA amounted to Rp800 billion which will
       sebesar Rp800 miliar yang akan diselesaikan                     be settled with a land area of 5,000,000 m2.
       dengan tanah seluas 5.000.000 m2.

       Berdasarkan Akta Notaris oleh Elizabeth Karina                  Based on Notarial Deed No. 3 of Elizabeth
       Leonita,   S.H.,  M.Kn.,    No.   3,   tanggal                  Karina     Leonita,    S.H.,    M.Kn.,       dated
       3 Februari 2016, GAP dan GTA menegaskan                         February 3, 2016, GAP and GTA reconfirmed
       kembali ketentuan dalam Surat Utang dengan                      the provisions of the Debt Letter with a principal
       jumlah pokok sebesar Rp800 miliar. GTA wajib                    amount of Rp800 billion. GTA was obliged to
       melunasi utang selambat-lambatnya tanggal                       settle   the    debt    at    the     latest    by
       28 Februari 2017.                                               February 28, 2017.

       Berdasarkan Akta Notaris oleh Elizabeth Karina                  Based on Notarial Deed No. 4 of Elizabeth
       Leonita,    S.H.,   M.Kn,    No.   4,   tanggal                 Karina     Leonita,    S.H.,   M.Kn.,     dated
       3 Februari 2016, BJA telah mengikatkan diri                     February 3, 2016, BJA committed to sell land
       untuk menjual tanah di kelurahan Sukarasa dan                   located in Sukarasa and Selawangi, Bogor with
       Selawangi, Bogor seluas 5.000.000 m2 kepada                     an area of 5,000,000 m2 to GAP, a Subsidiary,
       GAP, Entitas Anak, dengan harga sebesar                         for Rp917.38 billion. Payment will be made by
       Rp917,38 miliar. Pembayaran akan dilakukan                      the transfer of GAP’s receivables on GTA to
       dengan pengalihan piutang GAP atas utang GTA                    BJA as stipulated in the affirmation of Debt
       kepada BJA sebagaimana diatur dalam                             Letter dated February 3, 2016, and the offset of
       penegasan         Surat      Utang      tanggal                 all receivables held by GAP in BJA amounting
       3 Februari 2016, dan offset keseluruhan piutang                 to Rp117.38 billion.
       yang     dimiliki  GAP     di    BJA   sebesar
       Rp117,38 miliar.

       Tanah tersebut berstatus Sertifikat Hak Guna                    The above mentioned land is certified under the
       Usaha (SHGU). Pada tahun 2018, GAP                              Right of Business Use Certificate (SHGU). In
       menerima Surat Keputusan Menteri Agraria dan                    2018, GAP received a Decree of the Minister of
       Tata Ruang/Kepala Badan Pertanahan Nasional                     Agrarian and Spatial Planning/Head of the
       (BPN) dengan No. 51/HGB/ KEM-ATR/BPN/2018                       National Land Agency (BPN) with No.
       yang      ditandatangani    pada       tanggal                  51/HGB/KEM-ATR/BPN/2018 signed on August
       21 Agustus 2018 tentang pemberian Hak Guna                      21, 2018 concerning the granting of the Building
       Bangunan (HGB) atas nama BJA atas tanah                         Used Rights (HGB) to BJA over the former
       bekas Hak Guna Usaha No. 18/Desa Siliwangi                      Right-to-Use land No. 18/Desa Siliwangi
       seluas 3.394.500 m2 dan No. 19/Desa Siliwangi                   covering an area of 3,394,500 m2 and
       seluas 307.050 m2 yang berakhir haknya pada                     No. 19/Desa Siliwangi covering an area of
       tanggal 31 Desember 2014.                                       307,050 m2 , whose rights           expired on
                                                                       December 31, 2014.

       Pada tanggal 1 Februari 2019, Perusahaan,                       On February 1, 2019, the Company, GAP) a
       GAP, PT Sentul City Tbk (SC) dan PT Bukit                       Subsidiary, PT Sentul City Tbk (SC), and
       Jonggol Asri (KUS/BJA) menandatangani                           PT Bukit Jonggol Asri (KUS/BJA) signed a
       Kesepakatan    Bersama      untuk     mengubah                  Collective Agreement to amend several
       beberapa ketentuan dalam Akta Perjanjian                        provisions in the Deed of Transaction
       Pelaksanaan Penyelesaian Transaksi dengan                       Settlement Agreement with Notarial Deed No.
       Akta No. 1 Tanggal 3 Februari 2016. Adapun                      1, dated February 3, 2016. The agreed changes
       perubahan yang disepakati, antara lain:                         include:




                                                         118
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

        1. Pengalihan     tanah     Kebun     Menteng                      1.   Transfer of Kebun Menteng land (as
           (sebagaimana dimaksud dalam Akta No. 1)                              referred to in Notarial Deed No. 1) from
           dari KUS/BJA ke GAP. Dari total 500 ha                               KUS/BJA to GAP. Out of the total of 500 ha
           tanah Kebun Menteng yang akan dialihkan                              of Kebun Menteng land to be transferred to
           kepada GAP berubah menjadi berupa:                                   GAP, it will be converted into:
           a. Tanah Kebun Menteng seluas lebih                                  a. Kebun Menteng Land with an area of
              kurang 370 ha setelah diperoleh SHGB                                  approximately 370 ha after obtaining
              atas nama KUS/BJA (“Tanah Kebun                                       SHGB on behalf of KUS/BJA (“Kebun
              Menteng”).                                                            Menteng Land”).
           b. Tanah terletak sekitar Jungleland seluas                          b. Land located around Jungleland with an
              11,13 ha yang dijadikan tanah pengganti                               area of 11.13 ha, used as replacement
              dari tanah lebih kurang 130 ha di Kebun                               land for approximately 130 ha in Kebun
              Menteng (“Tanah Sentul”).                                             Menteng (“Sentul Land”).

       Pada tanggal 22 Maret 2019, GAP, Entitas Anak,                      On March 22, 2019, GAP, a Subsidiary, sent a
       mengirim surat teguran untuk KUS/BJA dan SC                         warning letter to KUS/BJA and SC regarding
       mengenai kelanjutan Pokok-Pokok Kesepakatan                         the continuation of the Agreement Principles
       pada tanggal 1 Februari 2019.                                       dated on February 1, 2019.

       Pada tanggal 14 Agustus 2019, SHGB atas                             On August 14, 2019, the SHGB of the
       tanah seluas lebih kurang 370 ha yang terdiri dari                  approximately 370 ha land, consisting of
       5 SHGB telah terbit atas nama BJA.                                  5 SHGB, was issued under the name of BJA.
        2. SC atau KUS/BJA akan menyelesaikan                              2.   SC or KUS/BJA will complete the
           pengurusan SHGB atas tanah Kebun                                     processing of SHGB for approximately
           Menteng seluas lebih kurang 370 ha,                                  370 ha Kebun Menteng land, with the
           dengan ketentuan bahwa SHGB tersebut                                 requirements that the SHGB must be
           sudah harus diterbitkan oleh Kantor BPN                              issued by the BPN Office Bogor no later
           Kabupaten Bogor selambat-lambatnya pada                              than March 11, 2019. The original SHGB
           tanggal 11 Maret 2019. SHGB asli harus                               must be submitted to GAP not later than
           diserahkan kepada GAP paling lambat                                  March 12, 2019. If the SHGB is submitted
           tanggal 12 Maret 2019. Jika terlambat                                late, SC or KUS/BJA will be subject to a
           menyerahkan SHGB tersebut, maka SC atau                              penalty amounting to Rp10 million per day
           KUS/BJA akan dikenakan penalti sebesar                               of delay until the SHGB is submitted, with a
           Rp10 juta per hari keterlambatan sampai                              maximum delay period not more than 10
           dengan diserahkannya SHGB tersebut,                                  calendar days.
           dengan ketentuan bahwa keterlambatan
           tidak boleh lebih dari 10 hari kalender.
        3. Semua sertifikat dan surat-surat asli atas                      3.   All original certificates and letters on
           tanah pengganti diserahkan kepada GAP                                replacement land were submitted to GAP at
           pada saat ditandatanganinya Pokok-Pokok                              the time of signing of the Principles of this
           Kesepakatan ini.                                                     Agreement.
        4. Selama transaksi pengalihan atas tanah-                         4.   As long as the transfer of these lands has
           tanah tersebut belum dapat dilaksanakan,                             not been carried out, SC and GAP will sign
           SC dan GAP akan menandatangani suatu                                 a borrow-to-use agreement and power of
           perjanjian pinjam pakai dan hak kuasa                                attorney to GAP or other parties appointed
           kepada GAP atau pihak lain yang ditunjuk                             by GAP to control and utilize these lands.
           oleh     GAP      untuk    menguasai       dan                       The grant of power of attorney would be
           memanfaatkan        tanah-tanah       tersebut.                      made not later than March 12, 2019.
           Pemberian kuasa akan dilakukan selambat-
           lambatnya pada tanggal 12 Maret 2019.
       Pada tanggal 7 September 2021 dan                                   On September 7, 2021 and October 4, 2021,
       4 Oktober 2021, GAP, PT First Financo (Financo)                     GAP, PT First Financo (Financo) and
       dan PT Danatama Kapital Investama (sebagai                          PT Danatama Kapital Investama (as guarantor)
       penjamin) telah menandatangani Kesepakatan                          signed the Rights Transfer Agreement whereby
       Pengalihan Hak di mana GAP, Financo dan BJA                         GAP, Financo and BJA agreed to realize the
       telah menyetujui untuk merealisasikan pembelian                     purchase of seven (7) ha of Sentul land with the
       tujuh (7) ha Tanah Sentul dengan sertifikat hak                     right of use certificates under the name of
       guna atas nama PT Sentul City Tbk (SC). Para                        PT Sentul City Tbk (SC). The parties, BJA and
       pihak, BJA dan SC telah sepakat untuk membuat                       SC, agreed that the Sale and Purchase of 7 ha
       Akta Jual Beli 7 ha Tanah Sentul secara                             of Sentul land will be entered directly between
       langsung dengan Financo dan SC.                                     Financo and SC.

                                                             119
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

43. PERJANJIAN-PERJANJIAN         DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                              COMMITMENTS (Continued)

       Berdasarkan Akta Notaris No. 106 dari Elizabeth                  Based on Notarial Deed No. 106 of Elizabeth
       Karina     Leonita,   S.H.,     M.Kn.,   tanggal                 Karina     Leonita,   S.H.,    M.Kn.,     dated
       24 Juni 2022, GAP dan BJA telah sepakat                          June 24, 2022, GAP and BJA agreed to cancel
       membatalkan Perjanjian Jual Beli Tanah Kebun                     the Sale and Purchase Agreement for 500 ha of
       Menteng seluas 500 ha karena tanah yang                          Kebun Menteng Land because the land object
       menjadi objek pengalihan telah berubah yaitu                     has changed to 377 ha of Kebun Menteng land
       menjadi tanah Kebun Menteng seluas 377 ha                        and 10.7 ha of Sentul Land. A portion of the
       dan tanah Sentul seluas 10,7 ha. Bagian dari hak                 Sentul Land rights, measuring 70,705 m2 (7 ha),
       atas tanah Sentul tersebut, yaitu seluas                         has been transferred to Financo, thus, GAP’s
       70.705 m2 (7 ha) telah dialihkan kepada Financo,                 remaining right over Sentul land is 3.6 ha. The
       sehingga hak GAP atas pembelian tanah Sentul                     obligations and commitments of BJA to transfer
       tinggal tersisa adalah 3,6 ha. Kewajiban dan                     Kebun Menteng Land and the remaining Sentul
       komitmen BJA untuk mengalihkan Tanah Kebun                       Land to the Company or any other parties
       Menteng dan sisa Tanah Sentul tersebut kepada                    appointed by GAP has been regulated in the
       Perusahaan atau pihak lain yang ditunjuk oleh                    Notarial Deed.
       GAP diatur dalam Akta Notaris tersebut.

       Pada tanggal 24 Juni, 2022, GAP dan                              On June 24, 2022, GAP and PT Fit Propertindo
       PT    Fit   Propertindo     Jaya  (FPJ)   telah                  Jaya (FPJ) signed an agreement regarding the
       menandatangani       perjanjian  Cessie    dan                   Transfer of Receivables and Rights (Cessie),
       Pengalihan Hak, di mana FPJ menerima                             whereby FPJ received the transfer of rights to
       pengalihan hak atas penagihan bagian piutang                     collect a portion of GAP’s receivables from GTA
       GAP pada GTA sebesar Rp12,2 miliar dan                           amounting to Rp12.2 billion and the transfer of
       pengalihan hak atas pembelian Tanah Sentul                       rights to purchase1 ha of Sentul Land with.
       seluas 1 ha. Setelah pengalihan tersebut, sisa                   After the transfer, GAP’s remaining rights over
       hak GAP atas tanah Sentul yang belum dialihkan                   Sentul Land that have not been transferred is
       sebesar 2,6 ha.                                                  2.6 ha.

       Pembayaran atas harga Cessie piutang tersebut                    The payment for the price of the transferred
       dilakukan dalam bentuk penyerahan sebidang                       receivables (cessie) is in the form of handing
       tanah seluas 1 ha, yang terletak di desa                         over 1 ha of land, located in Mulyaharja village,
       Mulyaharja, Kawasan Bogor Nirwana Residence,                     Bogor Nirwana Residence, to GAP.
       kepada GAP.

       Pada tanggal 8 Desember 2023, GAP dan                            On     December      8,   2023,    GAP     and
       PT Maju Sukses Nusajaya (MSN) telah                              PT Maju Sukses Nusajaya (MSN) signed a
       menandatangani perjanjian Pengalihan Hak, di                     Transfer of Rights agreement whereby MSN
       mana MSN menerima pengalihan hak atas                            received the right to purchase Kebun Menteng
       pembelian Tanah Kebun Menteng seluas 80 ha.                      Land with an area of 80 ha. After the transfer,
       Setelah pengalihan tersebut, sisa hak GAP atas                   GAP’s remaining rights over Kebun Menteng
       tanah Kebun Menteng yang belum dialihkan                         Land that had not been transferred was 297 ha.
       sebesar 297 ha.
       Pada tanggal 25 Juni 2024, GAP dan                               On      June      25,    2024,   GAP       and
       PT Berkah Alam Asri (BAA) menandatangani                         PT Berkah Alam Asri (BAA) signed a Transfer
       Perjanjian Pengalihan Hak, di mana BAA                           of Rights agreement, whereby BAA received
       menerima hak untuk membeli tanah Kebun                           the right to purchase Kebun Menteng land with
       Menteng seluas 30 ha. Pada tanggal yang sama                     an area of 30 ha. On the same date, GAP and
       GAP dan PT Bhakti Cahaya Inti Perkasa (BCIP)                     PT Bhakti Cahaya Inti Perkasa (BCIP) delivered
       mengirimkan Perjanjian Pengalihan Hak, di mana                   a Transfer of Rights agreement, whereby BCIP
       BCIP menerima hak untuk membeli tanah Kebun                      received the right to purchase Kebun Menteng
       Menteng seluas 15 ha.                                            Land with an area of 15 ha.
       Setelah pengalihan tersebut, sisa hak GAP atas                   After the transfer, the GAP’s remaining right
       tanah Kebun Menteng yang belum dialihkan                         over Kebun Menteng land that has not been
       sebesar 252,6 ha.                                                transferred is 252.6 ha.

       Pada tanggal 13 Desember 2024, GAP                               On December 13, 2024, GAP entered into an
       menandatangani Perjanjian Rencana Investasi                      Investment Plan Agreement with GTA, thus
       dengan     GTA,      oleh  karena itu,  GAP                      GAP reclassified the receivable from GTA as
       mengklasifikasikan kembali piutang dari GTA                      non-current assets.
       sebagai aset tidak lancar.


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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                        AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

         Pada tanggal 24 Juni 2025 pemegang saham                          On June 24, 2025, GTA’s shareholders
         GTA telah menyetujui konversi piutang GAP                         approved the conversion of the GAP's
         pada GTA sebesar Rp781,3 miliar menjadi                           receivables     from   GTA    amounting to
         setoran modal saham GAP di GTA (Catatan 5).                       Rp781.3 billion as the GAP's share capital
                                                                           contribution to GTA (Note 5).
    f.   Pada      tanggal      26    September  2014,                f.   On September 26, 2014, PT Wijaya Karya
         PT Wijaya Karya (Persero) Tbk (WIKA) dan                          (Persero) Tbk (WIKA) and MMS, a Subsidiary,
         MMS, Entitas Anak, melakukan perjanjian di                        signed an agreement, in the presence of a
         hadapan Notaris Yunita Permatasari S.H.,                          Notary of Yunita Permatasari, S.H., No. 8 dated
         No. 8 tanggal 26 September 2014, sehubungan                       September 26, 2014, in connection with
         dengan      investasi,    pengembangan,  dan                      investment,    development,       and   property
         pembangunan properti dan fasilitasnya di                          construction and its facilities in Jl. Kahuripan
         Jl. Kahuripan Raya, Kavling 23, 25 dan 27,                        Raya, Kavling 23, 25 and 27, Sidoarjo, East
         Sidoarjo, Jawa Timur.                                             Java.

         Sesuai dengan Pasal 5 dalam perjanjian ini,                       In accordance with Article 5 of this agreement,
         sebagai bentuk Kontribusi Penyertaan Modal                        as a form of Contribution of Investment in
         Kerja dan Penyertaan Lainnya, MMS, Entitas                        Working Capital and Other Investments, MMS,
         Anak, akan menyerahkan tanah yang dikuasai                        a Subsidiary, will hand over the land controlled
         dan dimiliki MMS, Entitas Anak, sementara WIKA                    and owned by MMS, a Subsidiary, while WIKA
         akan menyediakan seluruh modal kerja yang                         will provide all of the working capital required for
         dibutuhkan dalam pelaksanaan Kerja Sama                           the implementation of this Joint Operation
         Operasi (KSO) ini. Tanah yang diserahkan antara                   (KSO). The lands handed over in this joint
         lain berlokasi di:                                                operation are located in:
          a. Desa Entalsewu, Kecamatan Buduran,                            a. Entalsewu Village, Subdistrict of Buduran,
             Kabupaten Sidoarjo, sesuai dengan: SHGB                            Sidoarjo District, according to: SHGB No.
             No. 41     seluas    3.735    m2     dengan                        41 with an area of 3,735 m2 and a survey
             surat ukur No. 00001/L5.01/2006 tanggal                            certificate No. 00001/L5.01/2006 dated
             15 Februari 2006; SHGB No. 1376 seluas                             February 15, 2006; SHGB No. 1376 with an
             1.521      m2     dengan      Surat     Ukur                       area of 1,521 m2 and a survey
             No. 00016/12101501/2013              tanggal                       certificate No.00016/12101501/2013 dated
             28 Agustus 2013; dan SHGB No. 1377 seluas                          August 28, 2013; and SHGB No.1377 with
             4.310 m2       dengan       Surat       Ukur                       an area of 4,310 m2 and a survey
             No. 00016/12101501/2013              tanggal                       certificate No.00016/12101501/2013 dated
             28 Agustus 2013.                                                   August 28, 2013.
          b. Desa     Sumput,     Kecamatan      Buduran,                  b. Sumput Village, Subdistrict of Buduran,
             Kabupaten Sidoarjo, sesuai dengan: SHGB                            Sidoarjo District, according to: SHGB
             No. 3190 seluas 4.138 m2 dengan Surat Ukur                         No. 3190 with an area of 4,138 m2 and a
             No. 01999/Sumput/2014 tanggal 26 Mei 2014;                         survey certificate No. 01999/Sumput/2014
             dan SHGB No. 3189 seluas 470 m2, dengan                            dated May 26, 2014; and SHGB No. 3189
             Surat Ukur No. 01998/Sumput/2014 tanggal                           with an area of 470 m2 and a survey
             26 Mei 2014.                                                       certificate No. 01998/Sumput/2014 dated
                                                                                May 26, 2014.

         Jumlah keseluruhan tanah seluas 14.174 m2,                        The total of land is 14,174 m2, while the land
         sedangkan tanah yang seharusnya diserahkan                        that should have been handed over is
         seluas 12.000 m2. Terdapat selisih luas tanah                     12,000 m2. There is a difference of land
         seluas 2.174 m2, dan atas selisih tersebut akan                   covering of 2,174 m2, and it would be an
         dibuatkan adendum perjanjian. Atas selisih luas                   addendum of this difference. Due to the
         tanah tersebut, pada tanggal 13 Januari 2016                      difference     in     land    covering,     on
         telah dibuat adendum mengenai perubahan                           January 13, 2016, an addendum was made
         penyerahan tanah berupa SHGB, yang                                regarding the change in the transfer of land in
         semula SHGB No. 1377 seluas 4.310 m2,                             the form of SHGB, which was originally SHGB
         dengan Surat Ukur No. 00017/1210501/2013                          No. 1377 with an area of 4,310 m2, with Letter
         tanggal 28 Agustus 2013 menjadi SHGB                              of Measurement No. 00017/1210501/2013
         No.    1429    seluas   2.136     m2    dengan                    dated August 28, 2013 became SHGB No.
         Surat     Ukur    No.    00086/Entalsewu/2014                     1429 with an area of 2,136 m2 with Letter of
         tanggal 5 November 2014.                                          Measurement       No.    00086/Entalsewu/2014
                                                                           dated November 5, 2014.



                                                            121
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

         Pasal 5 butir 5 dalam perjanjian ini menyebutkan                 Article 5 point 5 of this agreement, states that
         bahwa WIKA dan MMS, Entitas Anak, sepakat                        WIKA and MMS, a Subsidiary, agreed that the
         bahwa nilai tanah yang diserahkan MMS, Entitas                   value of land handed over by MMS, a
         Anak, sebesar Rp3 juta per m2 dan jumlah                         Subsidiary, amounted to Rp3 million per m2 and
         partisipasi MMS sebesar Rp36 miliar atau 40%                     the total participation of MMS amounted to
         dari jumlah seluruh partisipasi modal.                           Rp36 billion or 40% of the total participation.

         WIKA menyediakan seluruh modal kerja yang                        WIKA provides all of the working capital
         dibutuhkan dalam pelaksanaan KSO sesuai                          required for the implementation of the KSO in
         dengan rencana bisnis yang telah disepakati.                     accordance with the agreed business plan.
         Partisipasi WIKA sebesar Rp54 miliar atau                        WIKA’s participation amounted to Rp54 billion
         sebesar 60% dari jumlah seluruh partisipasi.                     or 60% of the total participation.

         Pasal 11 mengenai Pembagian Keuntungan/                          Article 11 regarding the Profit Sharing/Profit and
         Laba dan Tanggung Jawab atas Kerugian dalam                      Responsibility for Losses in this KSO
         perjanjian KSO ini, WIKA dan MMS, Entitas                        agreement states that WIKA and MMS, a
         Anak,     akan    mendapatkan       pembagian                    Subsidiary, will receive profit sharing from the
         keuntungan dari hasil ekonomis KSO sebesar                       KSO profits in proportion to their respective
         persentase masing-masing partisipasinya.                         participation percentages.

    g.   Pada tanggal 7 September 2015, PT Permata                    g. On September 7, 2015, PT Permata Sakti
         Sakti Mandiri (PSM) dan BSU, Entitas Anak,                      Mandiri (PSM) and BSU, a Subsidiary, signed a
         telah    menandatangani      Perjanjian   Pinjam                Funding and Borrowing Agreement which could
         Meminjam yang Dapat Dikonversi Menjadi                          be converted into shares ownership with a credit
         Saham dengan pagu pinjaman sebesar                              ceiling amounting to Rp45 billion and
         Rp45 miliar dan tidak dikenakan bunga.                          non-interest bearing rate. The agreement will be
         Perjanjian tersebut akan berakhir lima (5) tahun                due in five (5) years from the date of signing the
         sejak penandatanganan perjanjian. Perjanjian ini                agreement. This agreement has been renewed,
         telah diperbarui, dengan perubahan terakhir akan                with the latest will be due on August 10, 2030 .
         berakhir pada tanggal 10 Agustus 2030.

         Pada tanggal 20 Mei 2016, PSM dan BPL,                           On May 20, 2016, PSM and BPL, Subsidiary,
         Entitas Anak, menandatangani Perjanjian Pinjam                   signed a Funding and Borrowing Agreement
         Meminjam yang Dapat Dikonversi Menjadi                           which could be converted into shares ownership
         Saham dan tidak dikenakan bunga. Perjanjian                      and non-interest bearing rate. The agreement
         tersebut akan berakhir lima (5) tahun sejak                      will be due in five (5) years from the date of
         penandatanganan perjanjian. Perjanjian ini telah                 signing the agreement. This agreement has
         diperbarui, dengan perubahan terakhir akan                       been renewed, with the latest will be due on
         berakhir    pada  tanggal    20    Mei     2031                  May 20, 2031 (Note 38c).
         (Catatan 38c).

    h.   Pada tanggal 25 September 2020, PT Graha                     h. On September 25, 2020, PT Graha Multi Insani
         Multi Insani (GMI) menandatangani Perjanjian                    (GMI) signed a Sale and Purchase Agreement
         Pengikatan Jual Beli (PPJB) Tanah, serta proyek                 (PPBJ) of Land, and the Hadiningrat project with
         Hadiningrat dengan PT Yasa Patria Perkasa                       PT Yasa Patria Perkasa (YPP), agreeing that
         (YPP) dengan kesepakatan bahwa GMI menjual                      GMI would sell the land and the Hadiningrat
         tanah dan proyek Hadiningrat yang terletak di                   project located on the land for a value of
         atas tanah dengan nilai sebesar Rp20,0 miliar,                  Rp20.0 billion, with a gradual payment system
         dengan sistem pembayaran bertahap selama                        over the next seven (7) months. Subsequently,
         tujuh (7) bulan ke depan. Selanjutnya, YPP                      YPP agreed to return the down payment of
         sepakat melakukan pengembalian atas uang                        Rp10.3 billion to the apartment customers for 55
         muka sebesar Rp10,3 miliar kepada konsumen                      apartment units. Additionally, GMI and YPP
         apartemen atas 55 unit apartemen. Selain itu,                   agreed that the down payment for 74 units
         GMI dan YPP sepakat bahwa uang muka untuk                       already received by GMI would become the right
         74 unit yang telah diterima GMI menjadi hak dan                 and property of GMI, and the trade payable to
         milik GMI, serta utang usaha kepada YPP                         YPP amounting to Rp40.2 billion would be paid
         sebesar Rp40,2 miliar akan terlunasi (Catatan 9                 off (Notes 9 and 21).
         dan 21).

         Perjanjian ini telah diperbarui dan waktu ke                    This agreement has been amended several
         waktu, dengan perubahan terakhir pada tanggal                   times,   the   latest was amended   on
         17 Juni 2022.                                                   June 17, 2022.

                                                            122
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                       AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

    i.   Pada tanggal 27 Oktober 1995, BSU                             i.   On October 27, 1995, BSU obtained approval
         mendapatkan persetujuan dari Gubernur Provinsi                     from the Governor of DKI Jakarta related to the
         DKI Jakarta terkait dengan pengalihan Perjanjian                   transfer of the Joint Venture Agreement
         Kerja sama tentang Penataan, Pengembangan,                         regarding the Arrangement, Development,
         Pembangunan dan Pengelolaan Gelanggang                             Construction and Management of the Soemantri
         Olahraga Mahasiswa Soemantri Brodjonegoro,                         Brodjonegoro Student Sports Complex and H.
         dan Komplek Seni Budaya dan Pusat Perfilman                        Usmar Ismail Cultural Arts Complex and Film
         H. Usmar Ismail, Kuningan, Jakarta Selatan.                        Center, Kuningan, South Jakarta.

         Perjanjian ini telah diperpanjang beberapa kali,                   This agreement has been extended several
         terakhir pada tanggal 31 Desember 2021, di                         times, with the latest on December 31 2021,
         mana BSU dan Pemerintah Provinsi DKI                               whereby BSU and the DKI Provincial
         menandatangani          perjanjian    tambahan                     Government signed an additional agreement
         (Addendum II). Addendum ini mengubah                               (Addendum) II. This addendum modified the use
         pemanfaatan Barang Milik Daerah dari Bangun,                       of Regional Property from Build, Use, and
         Guna, Serah menjadi kerja sama untuk                               Transfer to a cooperation for the land utilization
         pemanfaatan lahan kawasan Gelanggang                               in the Soemantri Brodjonegoro Student Sports
         Mahasiswa Soemantri Brodjonegoro (GMSB).                           Complex (GMSB). This agreement is set for a
         Perjanjian ini ditetapkan untuk jangka waktu                       30-year period and may be extended in
         30 tahun dan dapat diperpanjang sesuai dengan                      accordance with the agreement.
         ketentuan perjanjian.


44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                          44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN                                                           AND POLICIES

   MANAJEMEN RISIKO                                                    RISK MANAGEMENT

   Dalam aktivitas usahanya sehari-hari, Grup                          In its daily business activities, the Group is exposed
   dihadapkan pada berbagai risiko. Risiko utama yang                  to risks. The main risks faced by the Group arising
   dihadapi Grup yang timbul dari instrumen keuangan                   from its financial instruments are market risks (i.e.,
   adalah risiko pasar (risiko tingkat suku bunga, dan                 interest rate risk and foreign exchange rate risk),
   risiko nilai tukar mata uang asing), risiko kredit dan              credit risk and liquidity risk. The core function of the
   risiko likuiditas. Fungsi utama dari manajemen risiko               Group’s risk management is to identify all key risks
   Grup adalah untuk mengidentifikasi seluruh risiko                   for the Group, measure these risks and manage the
   kunci, mengukur risiko-risiko ini dan mengelola posisi              risk positions in accordance with its policies and the
   risiko sesuai dengan kebijakan dan risk appetite                    Group’s risk appetite. The Group’s management
   Grup. Manajemen Grup secara rutin menelaah                          regularly reviews its risk management policies and
   kebijakan dan sistem manajemen risiko untuk                         systems to reflect changes in markets, products and
   menyesuaikan dengan perubahan di pasar, produk                      best market practices.
   dan praktik pasar terbaik.

   Direksi Grup menelaah dan menyetujui kebijakan                      The Group’s directors review and approve the
   untuk mengelola risiko-risiko yang dirangkum di                     policies for managing risks which are summarized
   bawah ini:                                                          below:

   Risiko Pasar                                                        Market Risks

   Risiko pasar adalah risiko di mana nilai wajar dari                 Market risk is the risk that the fair value of future
   arus kas masa depan dari suatu instrumen keuangan                   cash flows of a financial instrument will fluctuate
   akan berfluktuasi karena perubahan harga pasar.                     because of changes in market prices. The Group is
   Grup dipengaruhi oleh risiko pasar, terutama risiko                 exposed to market risks, in particular, interest rate
   tingkat suku bunga, risiko nilai tukar mata uang asing,             risk, foreign exchange rate risk, commodity price risk
   risiko harga komoditas dan risiko harga saham.                      and stock price risk.




                                                             123
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                         44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                               AND POLICIES (Continued)

   Risiko Tingkat Suku Bunga                                          Interest Rate Risk

   Risiko tingkat suku bunga adalah risiko di mana nilai              Interest rate risk is the risk that the fair value or
   wajar atau arus kas masa depan dari suatu instrumen                future cash flows of a financial instrument will
   keuangan berfluktuasi karena perubahan tingkat suku                fluctuate because of changes in market interest
   bunga pasar. Pengaruh dari risiko perubahan tingkat                rates. The Group exposure to the risk of changes in
   suku bunga pasar berhubungan dengan utang bank                     market interest rates relates primarily to the Group’s
   jangka pendek dan jangka panjang dari Grup yang                    short-term and long-term bank loans with floating
   dikenakan tingkat suku bunga mengambang.                           interest rates.

   Grup didanai dengan utang bank yang dikenai bunga.                 The Group is financed through interest-bearing bank
   Oleh karena itu, eksposur Grup tertentu rentan                     loans. Therefore, the Group’s exposures to market
   terhadap risiko pasar untuk perubahan tingkat suku                 risk for changes in interest rates relate primarily to
   bunga terutama sehubungan dengan utang bank                        their short-term and long-term bank loans. The
   jangka pendek dan jangka panjang. Kebijakan Grup                   Group’s policies are to obtain the most favorable
   adalah mendapatkan tingkat suku bunga yang paling                  interest rates available without increasing their
   menguntungkan tanpa meningkatkan eksposur                          foreign currency exposure by managing their
   terhadap mata uang asing, yaitu dengan                             interest cost.
   mengendalikan beban bunga.

   Grup mengurangi risiko tingkat suku bunga dengan                   The Group reduces interest rate risk by managing
   mengelola penerimaan (terutama yang melekat pada                   revenues (mainly from bank accounts and time
   rekening bank dan deposito berjangka) dan                          deposits) and payments (mainly for interest
   pembayaran (terutama beban bunga, penjadwalan                      expense, scheduling short-term and long-term bank
   utang bank jangka pendek dan panjang).                             loans).
   Jika tingkat suku bunga pinjaman naik atau turun                   If loan interest rates increase or decrease by 5%
   sebesar 5% dibandingkan dengan tingkat suku bunga                  compared        to    loan     interest    rate   on
   pinjaman pada tanggal 31 Desember 2025 dan 2024                    December 31, 2025 and 2024 (assuming all other
   (dengan semua variabel lainnya dianggap tidak                      variables remain unchanged), the loss before
   berubah), maka rugi sebelum taksiran manfaat                       provision for tax benefit (expenses) of the Group for
   (beban) pajak Grup untuk tahun yang berakhir pada                  the years ended December 31, 2025 dan 2024 will
   tanggal 31 Desember 2025 dan 2024 masing-masing                    decrease or increase, respectively, by approximately
   akan turun atau naik sebesar Rp3,88 miliar dan                     Rp3.88 billion and Rp3.77 billion, respectively.
   Rp3,77 miliar.

   Risiko Nilai Tukar Mata Uang Asing                                 Foreign Exchange Rate Risk

   Risiko nilai tukar mata uang asing adalah risiko di                Foreign exchange risk is the risk that the fair value
   mana nilai wajar atau arus kas masa mendatang dari                 or future cash flows of a financial instrument will
   suatu instrumen keuangan terpengaruh karena                        fluctuate because of changes in foreign exchange
   perubahan dari nilai tukar mata uang asing. Pengaruh               rates. The influence of the risk of changes in foreign
   dari risiko perubahan nilai tukar mata uang asing                  currency rates primarily from restricted funds, short-
   terutama berasal dari dana dalam pembatasan, utang                 term other payables and short-term bank loans
   lain-lain jangka pendek dan utang bank jangka                      which are mainly denominated in United States
   pendek yang terutama menggunakan mata uang                         Dollar.
   Dolar Amerika Serikat.
   Pengaruh fluktuasi nilai tukar atas Grup terutama                  The Group’s exposure to exchange rate fluctuations
   berasal dari nilai tukar antara Dolar Amerika Serikat              mainly come from the exchange rate between the
   dengan Rupiah. Bagian signifikan dari risiko nilai                 United States Dollar and Rupiah. The significant
   tukar mata uang asing terutama berasal dari liabilitas             portion of the foreign exchange risk is mainly
   jangka pendek dan jangka panjang dalam Dolar                       contributed by United States Dollar denominated
   Amerika Serikat.                                                   short-term and long-term liabilities.
   Grup memonitor secara ketat fluktuasi dari nilai tukar             The Group closely monitors the foreign exchange
   mata uang asing sehingga dapat mengambil langkah-                  rate fluctuations and market expectations so it can
   langkah yang paling menguntungkan Grup pada                        take necessary actions that benefited most to Group
   waktu yang tepat.                                                  in due time.
   Manajemen Grup menganggap tidak perlu melakukan                    The Group’s management currently does not
   transaksi forward/swap mata uang asing saat ini.                   consider the necessity to enter into any currency
                                                                      forward/swaps.

                                                            124
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                      DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                      44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                            AND POLICIES (Continued)

   Pada tanggal 31 Desember 2025 dan 2024, Grup                    As of December 31, 2025 and 2024, the Group has
   mempunyai aset dan liabilitas moneter dalam mata                monetary assets and liabilities denominated in
   uang asing sebagai berikut:                                     foreign currencies as follows:

                                                         2025
                                                 Mata Uang
                                                    Asing/
                                                  Foreign
                                                 Currencies         Setara Rupiah/
                                               (Angka Penuh/        Equivalent in
                                                Full Amount )          Rupiah
    Aset:                                                                                                         Asset:
      Kas di bank                       US$              23.424               393                       Cash in banks
    Liabilitas:                                                                                               Liabilities:
       Utang bank jangka pendek         US$           200.000               3.356               Short-term bank loans
       Utang lain-lain                  US$         2.112.212              35.447                      Other payables
    Liabilitas moneter                                                                               Monetary liabilities
      dalam mata uang                                                                                      in foreign
      asing - neto                      US$         (2.288.788)           (38.410)                     currency - net


                                                        2024
                                                Mata Uang
                                                   Asing/
                                                 Foreign
                                                Currencies          Setara Rupiah/
                                              (Angka Penuh/         Equivalent in
                                               Full Amount )           Rupiah
    Aset:                                                                                                         Asset:
      Kas di bank                       US$              10.040               162                       Cash in banks
    Liabilitas:                                                                                                 Liability:
       Utang lain-lain                  US$         2.173.197              35.123                      Other payables
    Liabilitas moneter                                                                                Monetary liability
      dalam mata uang                                                                                      in foreign
      asing - neto                      US$        (2.163.157)            (34.961)                     currency - net


   Berdasarkan estimasi manajemen, sampai dengan                   Based on management’s estimate, until the Group’s
   tanggal pelaporan Grup berikutnya, kurs Rupiah                  next reporting date, the exchange rate of Rupiah
   terhadap     Dolar   Amerika     Serikat dapat                  against United States Dollar may weaken/strengthen
   melemah/menguat 5% dibandingkan kurs pada                       by 5% compared to the exchange rate as of
   tanggal 31 Desember 2025 dan 2024.                              December 31, 2025 and 2024.

   Jika, pada tanggal 31 Desember 2025 dan 2024,                   If, as of December 31, 2025 and 2024, Rupiah had
   Rupiah melemah/menguat 5% terhadap mata uang                    weakened/strengthened by 5% against United
   Dolar Amerika Serikat, dengan seluruh variabel lain             States Dollar, with all other variables held constant,
   tetap, maka laba rugi dan ekuitas pada tahun yang               profit or loss and equity for the years ended
   berakhir pada tanggal 31 Desember 2025 dan 2024,                December 31, 2025 and 2024, would have a
   akan berupa penurunan/peningkatan masing-masing                 decrease/an       increase       of     approximately
   sekitar Rp1,92 miliar dan Rp1,75 miliar.                        Rp1.92 billion and Rp1.75 billion, respectively.




                                                         125
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                        44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                              AND POLICIES (Continued)

   Risiko Harga Komoditas                                            Commodity Price Risk

   Kebijakan Grup untuk meminimalkan risiko yang                     The Group’s policy is to minimize the risks arising
   berasal dari fluktuasi harga komoditas adalah dengan              from the fluctuations in commodity prices by
   menjaga tingkat kestabilan biaya pembangunan.                     maintaining the stability level of development costs.

   Risiko Harga Saham                                                Stock Price Risk

   Risiko harga saham adalah risiko di mana nilai wajar              Stock price 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 harga                 because of changes in the stock market.
   saham di pasar.

   Grup mengelola risiko pasar dengan secara rutin                   The Group manages market risk by regularly
   melakukan evaluasi terhadap kinerja keuangan serta                evaluating the financial performance and always
   selalu memantau perkembangan pasar global.                        monitors the development of the global market.

   Risiko Kredit                                                     Credit Risk

   Risiko kredit adalah risiko bahwa Grup akan                       Credit risk is the risk that the Group will incur a loss
   mengalami kerugian yang timbul dari pelanggan, klien              arising from the customer, client or other party who
   atau pihak lawan yang gagal memenuhi kewajiban                    failed to meet their contractual obligations. There is
   kontraktual mereka. Tidak ada risiko kredit yang                  no significant concentration of credit risk. The Group
   terpusat secara signifikan. Grup mengelola dan                    manages and controls credit risk by setting limits of
   mengendalikan risiko kredit dengan menetapkan                     acceptable risk for customers and monitoring the
   batasan jumlah risiko yang dapat diterima untuk                   exposure associated with these restrictions.
   pelanggan dan memantau eksposur terkait dengan
   batasan-batasan tersebut.

   Grup melakukan hubungan usaha hanya dengan                        The Group conducts business relationships only
   pihak ketiga yang diakui dan kredibel. Grup memiliki              with recognized and credible third parties. The
   kebijakan untuk semua pelanggan yang akan                         Group has a policy to go through customer credit
   melakukan perdagangan secara kredit harus melalui                 verification procedures. In addition, the amount of
   prosedur verifikasi kredit. Sebagai tambahan jumlah               receivables are monitored continuously to reduce
   piutang dipantau secara terus menerus untuk                       the risk for loss for impairment of trade receivables.
   mengurangi risiko kerugian penurunan nilai piutang
   usaha.

   Grup meminimalkan keterlambatan pembayaran atas                   The Group minimizes its credit risk on trade
   piutang usaha yang timbul dari pembeli properti                   receivables from property buyers by imposing
   dengan mengenakan denda atas keterlambatan                        penalties on late payments and fines on cancellation
   pembayaran, pembatalan penjualan dengan denda                     of sale and no handovers of units if receivable is not
   pembatalan dan apabila penjualan belum dilunasi,                  yet fully paid in order for the Group to resale such
   tidak dilakukan serah terima unit yang dijual,                    units, therefore the Group can resell the properties
   sehingga dapat dilakukan penjualan kembali properti               by claimed of the loss of sale those properties.
   dengan dikenakan klaim atas kerugian yang timbul
   dari penjualan tersebut.

   Untuk risiko kredit yang timbul dari penyewa properti             Credit risk exposure on trade receivables from
   investasi dilakukan dengan cara meminta penyewa                   tenants is minimized by requiring the tenants to pay
   untuk memberikan deposit dalam bentuk tunai atau                  rent in advance prior to the effectiveness of the
   bank garansi untuk sewa selama tiga (3) bulan, serta              lease term and lease deposit for three (3) months in
   membayar uang muka sewa sebelum masa sewa                         the form of cash or bank guarantee.
   berlaku.




                                                           126
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PT BAKRIELAND DEVELOPMENT Tbk                                                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                                     DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                            (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                         stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                                                      44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                                            AND POLICIES (Continued)

   Tabel berikut ini memberikan informasi mengenai                                                    The following table provides information regarding
   maksimum risiko kredit yang dihadapi oleh Grup pada                                                the maximum credit risk exposure of the Group as of
   tanggal 31 Desember 2025 dan 2024:                                                                 December 31, 2025 and 2024:

                                                                             2025                       2024
    Kas di bank dan setara kas                                                129.587                    112.700                     Cash in banks and cash equivalents
    Piutang usaha - neto                                                      310.930                    332.464                                  Trade receivables - net
    Piutang lain-lain - neto                                                   72.286                     41.375                                  Other receivables - net
    Dana dalam pembatasan                                                      39.118                     43.681                                        Restricted funds
    Piutang pihak berelasi - neto                                               1.494                      9.544                           Due from related parties - net
    Piutang lain-lain jangka panjang                                            5.104                    779.318                             Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                           Investments in unquoted
        tidak memiliki kuotasi pasar                                          102.680                    102.680                                     ordinary shares
    Aset lain-lain                                                                                                                                          Other assets
        Uang jaminan                                                              7.646                       1.926                                 Security deposits
    Total                                                                     668.845                 1.423.688                                                                  Total


   Tabel berikut memberikan kualitas kredit dan analisis                                              The following table provides the credit quality and
   umur aset keuangan Grup sesuai dengan peringkat                                                    age analysis of the Group’s financial assets
   kredit debitur pada tanggal 31 Desember 2025 dan                                                   according to the Group’s credit ratings of debtors as
   2024:                                                                                              of December 31, 2025 and 2024:

                                                                                        2025
                                        Belum Jatuh    Telah Jatuh Tempo Tetapi Belum Diturunkan Nilainya/
                                        Tempo Dan                   Past Due But Not Impaired
                                         Tidak Ada                             31 Hari                             Telah Jatuh
                                         Penurunan                             Sampai                              Tempo Dan
                                            Nilai/         Sampai              90 Hari/          Lebih Dari        Diturunkan
                                        Neither Past       30 Hari/           31 Days             90 Hari/          Nilainya/
                                           Due Nor          Up To              Up To                Over          Past Due And           Total/
                                          Impaired         30 Days            90 Days             90 Days           impaired             Total
    Kas di bank dan setara kas               129.587                -                   -                   -                 -            129.587     Cash in banks and cash equivalents
    Piutang usaha                              7.483           22.770              25.826             254.851           180.890            491.820                       Trade receivables
    Piutang lain-lain                              -                -                   -              72.286             8.919             81.205                       Other receivables
    Dana dalam pembatasan                     39.118                -                   -                   -                 -             39.118                         Restricted funds
    Piutang pihak berelasi                       242               61                 450                 741            53.044             54.538                 Due from related parties
    Piutang lain-lain jangka panjang             203                -                   -               4.901             1.151              6.255             Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                                             Investments in unquoted
       tidak memiliki kuotasi pasar                -                 -                   -            102.680            49.701            152.381                       ordinary shares
    Aset lain-lain                                                                                                                                                            Other assets
       Uang jaminan                               54                 -                   -               7.592                   -            7.646                    Security deposits
    Total                                    176.687           22.831               26.276            443.051           293.705            962.550                                   Total



                                                                                        2024
                                    Belum Jatuh        Telah Jatuh Tempo Tetapi Belum Diturunkan Nilainya/
                                    Tempo Dan                       Past Due But Not Impaired
                                     Tidak Ada                                 31 Hari                             Telah Jatuh
                                     Penurunan                                 Sampai                              Tempo Dan
                                        Nilai/             Sampai              90 Hari/          Lebih Dari        Diturunkan
                                    Neither Past           30 Hari/           31 Days              90 Hari/         Nilainya/
                                       Due Nor              Up To              Up To                Over          Past Due And           Total/
                                      Impaired             30 Days            90 Days             90 Days           impaired             Total
    Kas di bank dan setara kas              112.700                 -                   -                   -                -             112.700    Cash in banks and cash equivalents
    Piutang usaha                                 -            44.424              11.853             276.187          178.638             511.102                      Trade receivables
    Piutang lain-lain                        11.030               130                 599              29.616            6.115              47.490                      Other receivables
    Dana dalam pembatasan                    43.681                 -                   -                   -                -              43.681                        Restricted funds
    Piutang pihak berelasi                        -                 -                   -               9.544           51.708              61.252                Due from related parties
    Piutang lain-lain jangka panjang              -                 -                   -             779.318           11.466             790.784            Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                                            Investments in unquoted
       tidak memiliki kuotasi pasar                -                -                   -             102.680           49.701             152.381                      ordinary shares
    Aset lain-lain                                                                                                                                                           Other assets
       Uang jaminan                            1.926                -                   -                     -              -               1.926                    Security deposits
    Total                                   169.337            44.554              12.452           1.197.345          297.628           1.721.316                                  Total




                                                                                       127
Page 445
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                          44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                AND POLICIES (Continued)

   Kualitas kredit instrumen keuangan dikelola oleh Grup               The credit quality of financial instruments is
   menggunakan peringkat kredit internal. Instrumen                    managed by the Group using internal credit ratings.
   keuangan diklasifikasikan sebagai “Belum jatuh                      Financial instruments classified under “neither past
   tempo dan tidak ada penurunan nilai” meliputi                       due nor impaired” include high grade credit quality
   instrumen dengan kualitas kredit tinggi karena ada                  instruments because there were few or no history of
   sedikit atau tidak ada pengalaman kegagalan                         default on the agreed terms based on the letter of
   (default) pada kesepakatan berdasarkan surat kuasa,                 authorization, letter of guarantee or promissory note.
   surat jaminan atau promissory note.

   Instrumen keuangan diklasifikasikan sebagai “telah                  Financial instruments classified under “past due but
   jatuh tempo tetapi belum diturunkan nilainya” adalah                not impaired” are items with a history of frequent
   akun-akun dengan pengalaman kegagalan (default)                     default nevertheless the amount due are still
   yang sering namun demikian jumlah terhutang masih                   collectible.
   tertagih.

   Terakhir,   instrumen    keuangan    diklasifikasikan               Lastly, financial instruments classified under “past
   sebagai “telah jatuh tempo dan diturunkan nilainya”                 due and impaired” are those that are long
   adalah akun yang telah lama belum dilunasi dan telah                outstanding and have been provided with provision
   dibentuk penyisihan kerugian penurunan nilai piutang.               for impairment loss on receivables.

   Risiko Likuiditas                                                   Liquidity Risk

   Risiko likuiditas adalah risiko di mana Grup tidak bisa             Liquidity risk is the risk that the Group cannot meet
   memenuhi liabilitas pada saat jatuh tempo.                          obligations at maturity. Management evaluates and
   Manajemen melakukan evaluasi dan pengawasan                         closely monitors cash inflows (cash-in) and cash
   yang ketat atas arus kas masuk (cash-in) dan kas                    outflow (cash-out) to ensure the availability of funds
   keluar (cash-out) untuk memastikan tersedianya dana                 to meet payment obligations due. In general, the
   untuk memenuhi kebutuhan pembayaran liabilitas                      funding requirements for the repayment of short-
   yang jatuh tempo. Secara umum, kebutuhan dana                       term liabilities and long-term maturities derived from
   untuk pelunasan liabilitas jangka pendek maupun                     sales to customers.
   jangka panjang yang jatuh tempo diperoleh dari
   penjualan kepada pelanggan.

   Kebutuhan likuiditas Grup timbul dari kebutuhan                     Liquidity needs of the Group arised from the need to
   dalam membiayai investasi dan pengeluaran barang                    finance investment and capital expenditures relating
   modal yang terkait dengan perluasan bisnis properti                 to expansion of business property and property
   dan infrastruktur yang berhubungan dengan properti.                 related infrastructure. Where this business requires
   Di mana bisnis ini memerlukan dukungan dana yang                    substantial financial support mainly to accelerate the
   cukup    besar     terutama   untuk  mempercepat                    development of existing areas and expand the area
   pembangunan atas area yang sudah ada serta                          of development and supporting infrastructure.
   memperluas area pengembangan dan infrastruktur
   pendukungnya.

   Pada normanya, di dalam mengelola risiko likuiditas,                In the norm, in managing liquidity risk, the Group
   Grup memantau dan menjaga tingkat kas dan setara                    monitors and maintains levels of cash and cash
   kas yang dianggap memadai untuk membiayai                           equivalents deemed adequate to finance the
   operasional Grup dan untuk mengatasi dampak dari                    operations of the Group and to overcome the impact
   fluktuasi arus kas. Grup juga secara rutin                          of fluctuations in cash flows. The Group also
   mengevaluasi proyeksi arus kas dan arus kas aktual,                 regularly evaluates cash flows projections and
   termasuk jadwal jatuh tempo utang jangka panjang                    actual cash flows, including the schedule of
   mereka, dan terus menelaah kondisi pasar keuangan                   maturing long-term debt, and continues to examine
   untuk mengambil inisiatif penggalangan dana.                        the condition of financial markets to take a
   Kegiatan ini dapat meliputi pinjaman bank, penerbitan               fundraising initiative. These activities may include
   surat utang ataupun penerbitan ekuitas di pasar                     bank loans, issuance of debt or equity issuance in
   modal.                                                              the capital market.




                                                             128
Page 446
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                            44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                  AND POLICIES (Continued)
   Tabel di bawah ini merupakan jadwal jatuh                               The table below summarizes the maturity profile of
   tempo liabilitas keuangan Grup pada tanggal                             the   Group’s    financial  liabilities as      of
   31 Desember 2025 dan 2024:                                              December 31, 2025 and 2024:

                                                                    2025
                            Dibawah                                                 Lebih
                            1 Tahun/                                              5 Tahun/
                             Below         1 - 2 Tahun/       3 - 5 Tahun/          Over          Total/
                             1 Year        1 - 2 Years        3 - 5 Years          Years          Total
    Utang bank jangka
       pendek                  353.466                    -                  -               -      353.466     Short-term bank loans
    Pembiayaan Musyarakah                                                                                                  Short-term
       jangka pendek            20.606                                       -               -       20.606   Musyarakah financing
    Utang usaha                109.861                    -                  -               -      109.861            Trade payables
    Utang lain-lain            197.010                    -                  -               -      197.010            Other payables
    Beban masih
       harus dibayar           543.956                    -                  -               -      543.956        Accrued expenses
    Utang bank jangka                                                                                                 Long-term bank
       panjang                 142.219           46.000              164.469                 -      352.688                     loans
    Pembiayaan Musyarakah                                                                                                    Long-term
       jangka panjang           16.392                    -           56.844                 -       73.236   Musyarakah financing
    Utang usaha                                                                                                       Long-term trade
       jangka panjang                  -                  -                  -        17.194         17.194                 payables
    Utang lain-lain                                                                                                   Long-term other
       jangka panjang                -           12.092                    -           5.413         17.505                 payables
    Liabilitas sewa              3.412            9.146               12.424         213.249        238.231               Lease liability
    Utang pembelian                                                                                              Liability for purchase
       aset tetap                  271              745                      -             -          1.016         of fixed assets
    Utang pihak berelasi             -                -                      -        13.954         13.954     Due to related parties

    Total                    1.387.193           67.983              233.737         249.810      1.938.723                        Total


                                                                    2024
                            Dibawah                                                 Lebih
                            1 Tahun/                                              5 Tahun/
                             Below         1 - 2 Tahun/       3 - 5 Tahun/          Over          Total/
                             1 Year        1 - 2 Years         3 - 5 Years         Years          Total
    Utang bank jangka
       pendek                  195.265                    -                  -               -      195.265     Short-term bank loans
    Pembiayaan Musyarakah                                                                                                  Short-term
       jangka pendek            11.800                    -                  -               -       11.800   Musyarakah financing
    Utang usaha                111.564                    -                  -               -      111.564            Trade payables
    Utang lain-lain            157.934                    -                  -               -      157.934            Other payables
    Beban masih
       harus dibayar           468.364                    -                  -               -      468.364        Accrued expenses
    Utang bank jangka                                                                                                 Long-term bank
       panjang                 165.783           37.356              320.698           9.250        533.087                     loans
    Pembiayaan Musyarakah                                                                                                    Long-term
       jangka panjang            5.188           39.592               19.703                 -       64.483   Musyarakah financing
    Utang usaha                                                                                                       Long-term trade
       jangka panjang                  -                  -                  -        17.194         17.194                 payables
    Utang lain-lain                                                                                                   Long-term other
       jangka panjang                -           69.700                    -          17.733         87.433                 payables
    Liabilitas sewa              2.879            7.589               10.757         200.719        221.944               Lease liability
    Utang pembelian                                                                                              Liability for purchase
       aset tetap                  370               45                      -             -            415         of fixed assets
    Utang pihak berelasi             -                -                      -        15.863         15.863     Due to related parties

    Total                    1.119.147          154.282              351.158         260.759      1.885.346                        Total



   PENGELOLAAN MODAL                                                       CAPITAL MANAGEMENT
   Tujuan utama pengelolaan modal Grup adalah untuk                        The primary objective of the Group’s capital
   memastikan terpeliharanya rasio modal yang sehat                        management is to ensure that healthy capital ratios
   untuk mendukung usaha dan memaksimalkan imbal                           are maintained in order to support its business and
   hasil bagi pemegang saham.                                              maximize shareholders’ value.


                                                              129
Page 447
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                           44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                 AND POLICIES (Continued)

   Grup mengelola struktur permodalan dan melakukan                     The Group manages its capital structure and makes
   penyesuaian      berdasarkan  perubahan    kondisi                   adjustments to it, in light of changes in economic
   ekonomi. Untuk memelihara atau menyesuaikan                          conditions. To maintain or adjust the capital
   struktur permodalan, Grup dapat menyesuaikan                         structure, the Group may adjust the dividend
   pembayaran dividen kepada pemegang saham,                            payment to shareholders, issue new shares or raise
   menerbitkan saham baru atau mengusahakan                             debt financing. No changes are made in the
   pendanaan melalui pinjaman. Tidak ada perubahan                      objectives, policies or processes during the periods
   atas tujuan kebijakan maupun proses selama periode                   presented.
   penyajian.

   Kebijakan Grup adalah mempertahankan struktur                        The Group’s policy is to maintain a healthy capital
   permodalan yang sehat untuk mengamankan akses                        structure in order to secure access to finance at a
   terhadap pendanaan pada biaya yang wajar.                            reasonable cost.

   Sebagaimana praktik yang berlaku umum, Grup                          As general practice, the Group evaluates its capital
   mengevaluasi struktur permodalan melalui rasio                       structure through a debt-to-equity ratio (gearing
   utang terhadap modal (gearing ratio) yang dihitung                   ratio) calculated by dividing the net debt to capital.
   melalui pembagian antara utang neto dengan modal.                    Net debt is equal to the total liabilities as presented
   Utang neto adalah jumlah liabilitas sebagaimana                      in the consolidated statement of financial position
   disajikan di dalam laporan posisi keuangan                           reduced by the total of cash and cash
   konsolidasian dikurangi dengan jumlah kas dan                        equivalents,while      the   capital      includes   all
   setara kas,sedangkan modal meliputi seluruh                          components of equity in the consolidated statement
   komponen ekuitas dalam laporan posisi keuangan                       of financial position.
   konsolidasian.

   Pada tanggal 31 Desember 2025 dan 2024,                              As of December 31, 2025 and 2024, the ratio
   perhitungan rasio tersebut adalah sebagai berikut:                   calculation is as follows:

                                                     2025               2024
    Total liabilitas                                2.635.123          2.717.802                                Total liabilities
    Dikurangi kas                                     130.607            113.592                                    Less cash
    Utang neto                                      2.504.516          2.604.210                                     Net Debt
    Total ekuitas                                   6.002.502          6.024.215                                   Total equity
    Rasio utang
       terhadap ekuitas                                  0,42                0,43                         Debt-to-equity ratio



45. KELOMPOK INSTRUMEN KEUANGAN                                     45. FINANCIAL INSTRUMENTS BY CATEGORY

   Tabel di bawah ini menyajikan perbandingan atas                      The table below is a comparison of the carrying
   nilai tercatat dengan nilai wajar dari instrumen                     amounts and fair value of the Group’s financial
   keuangan Grup yang tercatat dalam laporan                            instruments that are carried in the consolidated
   keuangan       konsolidasian    pada      tanggal                    financial statements as of December 31, 2025 and
   31 Desember 2025 dan 2024:                                           2024:

                                             2025                                   2024
                                  Nilai               Nilai              Nilai              Nilai
                               tercatat/             wajar/           tercatat/            wajar/
                               Carrying               Fair            Carrying              Fair
                                 value               value              value              value

    ASET KEUANGAN                                                                                              FINANCIAL ASSETS
    Kas                              1.020               1.020                892                   892               Cash on hand




                                                              130
Page 448
PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                                  DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

45. KELOMPOK INSTRUMEN KEUANGAN (Lanjutan)                                 45. FINANCIAL          INSTRUMENTS          BY      CATEGORY
                                                                               (Continued)
                                                     2025                                  2024
                                          Nilai              Nilai              Nilai              Nilai
                                       tercatat/            wajar/           tercatat/            wajar/
                                       Carrying              Fair            Carrying              Fair
                                         value              value              value              value

    Diukur pada biaya
      perolehan diamortisasi:                                                                                     Measured at amortized cost:
                                                                                                                   Cash in banks and cash
      Kas di bank dan setara kas          129.587             129.587           112.700            112.700                  equivalents
      Piutang usaha - neto                310.930             310.930           332.464            332.464          Trade receivables - net
      Piutang lain-lain - neto             72.286              72.286            41.375             41.375          Other receivables - net
      Dana dalam pembatasan                39.118              39.118            43.681             43.681                Restricted funds
      Piutang pihak                                                                                                       Due from related
         berelasi - neto                     1.494              1.494              9.544              9.544                 parties - net
      Piutang lain-lain                                                                                                   Long-term other
         jangka panjang                      5.104              5.104           779.318            779.318                  receivables
      Aset lain-lain                                                                                                          Other assets
         Uang jaminan                        7.646              7.646              1.926              1.926            Security deposits
    Nilai wajar melalui                                                                                                   Fair value through
       penghasilan komprehensif lain                                                                          other comprehensive income
      Penyertaan dalam saham
        biasa yang tidak memiliki                                                                                  Investments in unquoted
        kuotasi pasar                     102.680             102.680           102.680            102.680               ordinary shares
    Total Aset Keuangan                   669.865             669.865         1.424.580           1.424.580            Total Financial Assets
    LIABILITAS
    KEUANGAN                                                                                                         FINANCIAL LIABILITIES
    Diukur pada biaya
      perolehan diamortisasi:                                                                                     Measured at amortized cost:
      Utang bank                                                                                                         Short-term bank
          jangka pendek                   353.466             353.466           195.265            195.265                        loans
      Pembiayaan Musyarakah                                                                                                    Short-term
          jangka pendek                    20.606              20.606            11.800             11.800         Musyarakah financing
      Utang usaha                         109.861             109.861           111.564            111.564                Trade payables
      Utang lain-lain                     197.010             197.010           157.934            157.934                 Other payables
      Beban masih harus
          dibayar                         455.335             455.335           468.364            468.364               Accrued expenses
      Liabilitas jangka
          panjang:                                                                                                       Long-term debts:
          Utang usaha                      17.194              17.194            17.194             17.194              Trade payables
          Utang bank                      352.688             352.688           533.087            533.087                  Bank loans
          Pembiayaan Musyarakah            73.236              73.236            64.483             64.483         Musyarakah financing
       Utang lain-lain
          jangka panjang                   17.505              17.505            87.433             87.433        Long-term other payables
       Liabilitas sewa                    238.231             238.231           221.944            221.944                     Lease liability
       Utang pembelian aset                                                                                           Liability for purchase
          tetap                             1.016               1.016               415                 415               of fixed assets
       Utang pihak berelasi                13.954              13.954            15.863              15.863          Due to related parties
    Total Liabilitas                                                                                                        Total Financial
      Keuangan                          1.850.102           1.850.102         1.885.346           1.885.346                   Liabilities


    Metode-metode dan asumsi-asumsi di bawah ini                               The following methods and assumptions are used to
    digunakan untuk mengestimasi nilai wajar untuk                             estimate the fair value of each class of financial
    masing-masing kelas instrumen keuangan:                                    instruments:
    1. Kas di bank dan setara kas, piutang usaha dan                           1. Cash in banks and cash equivalents, trade and
       lain-lain                                                                  other receivables

       Seluruh aset keuangan tersebut merupakan aset                               All of these financial assets are current financial
       keuangan lancar yang akan jatuh tempo dalam                                 assets which are due within twelve (12) months,
       waktu dua belas (12) bulan sehingga nilai tercatat                          thus the carrying value of the financial assets
       aset keuangan tersebut kurang lebih telah                                   approximate their fair values.
       mencerminkan nilai wajarnya.

                                                                     131
Page 449
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                        DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

45. KELOMPOK INSTRUMEN KEUANGAN (Lanjutan)                       45. FINANCIAL      INSTRUMENTS         BY    CATEGORY
                                                                     (Continued)

    2. Penyertaan dalam saham biasa yang tidak                       2. Investments in unquoted ordinary shares
       memiliki kuotasi pasar

      Penyertaan dalam saham biasa yang tidak                           Investments in unquoted ordinary shares are
      memiliki dicatat pada biaya perolehan karena nilai                carried at cost as their fair values cannot be
      wajarnya tidak dapat diukur secara andal.                         reliably measured.
    3. Utang bank jangka pendek, pembiayaan                          3. Short-term bank loans, short-term Musyarakah
       Musyarakah jangka pendek, utang usaha, utang                     financing, trade payables, other payables and
       lain-lain dan beban masih harus dibayar                          accrued expenses
      Seluruh liabilitas keuangan tersebut merupakan                    All of these financial liabilities are short-term
      liabilitas keuangan jangka pendek yang akan jatuh                 financial liabilities which are due within
      tempo dalam waktu dua belas (12) bulan sehingga                   twelve (12) months, thus the carrying value of
      nilai tercatat liabilitas keuangan tersebut kurang                the financial liabilities approximate their fair
      lebih telah mencerminkan nilai wajarnya.                          value.

    4. Dana    dalam    pembatasan, utang  bank,                     4. Restricted funds, bank loans, long-term
       pembiayaan Musyarakah jangka panjang dan                         Musyarakah financing and liability for purchase
       utang pembelian aset tetap.                                      of fixed assets.

      Nilai wajar instrumen keuangan mendekati nilai                    The fair value of these financial instruments
      tercatat karena tingkat suku bunganya dinilai                     approximates their carrying values largely due to
      ulang secara berkala.                                             their interest rates are frequently repriced.

    5. Piutang lain-lain jangka panjang, piutang pihak               5. Long-term other receivables, due from related
       berelasi, aset lain-lain, utang lain-lain jangka                 parties, other assets, long-term other payables,
       panjang, liabilitas sewa dan utang pihak berelasi                lease liability, and due to related parties

      Nilai wajar instrumen keuangan dicatat sebesar                    The fair value of these financial instruments is
      biaya historis karena nilai wajarnya tidak dapat                  carried at historical cost because their fair value
      diukur secara andal. Tidak praktis untuk                          cannot be measured reliably. It is not practical to
      mengestimasi nilai wajar instrumen-instrumen                      estimate the fair value of these asset
      aset tersebut karena tidak ada jangka waktu                       instruments because there is no fixed payment
      pembayaran      yang   pasti    walaupun    tidak                 term and is not expected to be completed within
      diharapkan untuk diselesaikan dalam jangka                        twelve (12) months after the reporting date.
      waktu dua belas (12) bulan setelah tanggal
      pelaporan.


46. KELANGSUNGAN USAHA                                           46. GOING CONCERN

   Grup     mengalami    kerugian   berulang     yang                The Group incurred recurring losses resulting to a
   menyebabkan defisit dalam laporan posisi keuangan                 deficit in the consolidated statements of financial
   konsolidasian. Untuk tahun yang berakhir pada                     position. For the year ended December 31, 2025,
   tanggal 31 Desember 2025, Grup mengalami kerugian                 the Group incurred loss from its activities and
   dari kegiatan usahanya dan melaporkan rugi neto                   reported a net loss for the current year amounting to
   tahun berjalan sebesar Rp42,09 miliar dan defisit                 Rp42.09 billion and a deficit of Rp1.38 trillion as at
   sebesar      Rp1,38     trilliun pada      tanggal                December 31, 2025.
   31 Desember 2025

   Kesinambungan usaha Grup tergantung oleh                          The Group’s ability to continue as going concern
   tercapainya rencana manajemen dan dukungan                        entities depends on the result of management’s
   secara berkesinambungan dari pemegang saham                       plan and continuing support from the Group’s
   Grup. Laporan keuangan konsolidasian disusun                      shareholders. The consolidated financial statements
   dengan asumsi Grup akan melanjutkan usahanya                      have been prepared assuming the Group will
   secara berkesinambungan.                                          continue as a going concern entity.




                                                           132
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

46. KELANGSUNGAN USAHA (Lanjutan)                                 46. GOING CONCERN (Continued)

   Untuk menghadapi keadaan tersebut, manajemen                       To deal with the situation, the management of the
   Grup berupaya menyusun rencana strategis, antara                   Group has prepared a strategic plan, among others:
   lain:
    1. Berfokus pada pertumbuhan pendapatan yang                      1.     Focusing on sustainable revenue through:
         berkelanjutan melalui:
         a. Pengembangan proyek perumahan segmen                             a. Development of mid-range residential
              menengah dengan fokus pada wilayah                                projects with a focus on the Sidoarjo and
              Sidoarjo dan Bogor.                                               Bogor areas.
         b. Penambahan produk pendapatan recurring                          b. Addition of recurring income products
              melalui pembangunan baru atau akuisisi.                           through new developments or acquisitions.
    2. Meningkatkan laba operasi dengan menjaga                       2.    Enhance operating profit by maintaining
         efisiensi biaya operasional.                                       operational cost efficiency.
    3. Melakukan akuisisi lahan secara bertahap untuk                 3.    Gradually acquire land for future development.
         pengembangan di masa depan.
    4. Mendorong kerjasama dengan investor strategis                  4.    Foster collaboration with strategic investors to
         untuk mempercepat proyek - proyek baru dan                         accelerate new and large-scale projects.
         skala besar.
    5. Mengoptimalkan return yang lebih optimal pada                  5.    Optimize      returns   on   assets through
         aset melalui peremajaan dan redevelopment.                         revitalization and redevelopment.
    6. Membentuk sistem organisasi dan budaya kerja                   6.    Establish a new organizational system and
         baru yang mendukung rencana pertumbuhan                            work culture that supports the company's
         Perusahaan.                                                        growth plan.

   Dengan rencana manajemen di atas serta dukungan                    With the management plan above and continuous
   keuangan yang berkesinambungan dari pemegang                       financial support from the Group’s shareholders, the
   saham Grup, manajemen Grup berkeyakinan bahwa                      Group’s management believes that the Group will
   Grup akan melanjutkan operasinya sebagai entitas                   continue its operations as a going concern entity.
   yang memiliki kelangsungan usaha. Laporan                          The consolidated financial statements include the
   keuangan konsolidasian mencakup dampak dari                        going concern effects to the extent that those
   kelangsungan usaha sepanjang hal tersebut dapat                    effects could be determined and estimated. The
   ditentukan dan diperkirakan. Laporan keuangan                      Group’s consolidated financial statements do not
   konsolidasian Grup tidak mencakup penyesuaian                      include any adjustments that may arise as a result
   yang mungkin timbul dari hasil ketidakpastian                      of those uncertainties.
   tersebut.


47. PERKARA        HUKUM         DAN       KEWAJIBAN              47. LEGAL MATTER AND CONTINGENCY
    BERSYARAT

   a. Perkara Litigasi Perdata Bernd Hogel                            a. Bernd Hogel Litigation Case

      Pada tanggal 13 September 2022, Perusahaan                           On September 13, 2022, the Company and
      dan PT Surya Global Nusantara, Entitas Anak,                         PT Surya Global Nusantara, a Subsidiary as the
      masing-masing sebagai Termohon I dan                                 Respondent I and Respondent II, respectively,
      Termohon II, menerima penetapan eksekuatur                           received an executory decision from the Central
      dari Pengadilan Negeri Jakarta Pusat No.                             Jakarta District Court No. 55/2022.Eks Putusan
      55/2022.Eks      Putusan      Badan      Arbitrase                   Badan Arbitrase Internasional - Singapore
      Internasional - Singapore International Arbitration                  International Arbitration Center (SIAC) Final
      Centre (SIAC) Final Award No. 085 Tahun 2021                         Award No. 085 of 2021 on August 12, 2021 Jo.
      tanggal 12 Agustus 2021 Jo. No. 06/ARB-                              No. 06/ARB-Arbitration and Alternative Dispute
      Arbitrase dan Alternatif Penyelesaian Sengketa                       Resolution dated August 31, 2022 filed by Bernd
      tertanggal 31 Agustus 2022 yang dimohonkan                           Hogel. The executory decision ordered the
      oleh Bernd Hogel. Penetapan eksekuatur tersebut                      Respondents to pay US$5.02 million and
      memerintahkan kepada para Termohon untuk                             SG$328.58 thousand to the Claimant.
      membayar sebesar US$5,02 juta dan SG$328,58
      ribu kepada Pemohon.




                                                            133
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                          DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

47. PERKARA     HUKUM            DAN        KEWAJIBAN              47. LEGAL MATTER AND CONTINGENCY (Continued)
    BERSYARAT (Lanjutan)

      Pada tanggal 3 Januari 2023, Perusahaan dan                        On January 3, 2023, the Company and
      PT Surya Global Nusantara (SGN), Entitas Anak,                     PT Surya Global Nusantara (SGN), a Subsidiary,
      mengajukan gugatan perlawanan terhadap                             filed a lawsuit against Bernd Hogel through the
      Bernd Hogel melalui Pengadilan Negeri Jakarta                      Central Jakarta District Court as registered in the
      Pusat sebagaimana terdaftar dalam Register                         Register of Civil Cases No. 6/Pdt.G/2023/PN.Jkt
      Perkara Perdata No. 6/Pdt.G/2023/PN.Jkt.Pst                        .Pst in connection with execution order No.
      sehubungan dengan perintah eksekusi No.                            55/2022 Jo. International Arbitration Board
      55/2022     Jo.   Putusan     Badan   Arbitrase                    Decision No. 085 of 2021 on August 12, 2021
      Internasional No. 085 Tahun 2021 tanggal                           Jo. No.06/ARB-INT/2022/PN.JKT.PST filed by
      12     Agustus   2021     Jo.    No.  06/ARB-                      Bernd Hogel. The counterclaim is an attempt by
      INT/2022/PN.JKT.PST yang dimohonkan oleh                           the Company and SGN to oppose the execution
      Bernd Hogel. Gugatan perlawanan tersebut                           order requested by Bernd Hogel.
      merupakan upaya Perusahaan dan SGN untuk
      menolak perintah eksekusi yang dimohonkan oleh
      Bernd Hogel.

      Berdasarkan Perkara No.6/Pdt.Plw/2023/PN.Jkt.                      Based on Case No.6/Pdt.Plw/2023/PN.Jkt.Pst
      Pst tanggal 3 Januari 2023 terkait gugatan                         dated January 3, 2023 regarding lawsuit of the
      perlawanan Perusahaan (“Pelawan I”) dan SGN                        Company (“Plaintiff I”) and SGN (“Plaintiff II”)
      (“Pelawan II”) melawan Bernd Hogel (“Terlawan”),                   against Bernd Hogel (“Defendant”), the lawsuit
      bahwa gugatan tersebut telah diputuskan oleh                       was decided by the Panel of Judges of the
      Majelis Hakim Pengadilan Negeri Jakarta Pusat                      Central       Jakarta   District   Court      on
      pada tanggal 10 Oktober 2024 dengan amar                           October 10, 2024, with the verdict rejecting the
      putusan menolak gugatan perlawanan dari para                       Plaintiff’s claims. On October 23, 2024, the
      Pelawan.      Pada tanggal 23 Oktober 2024,                        Company and SGN filed an appeal.
      Perusahaan dan SGN melakukan pengajuan
      banding.

      Berdasarkan Putusan Pengadilan Tinggi Jakarta                      Based on Jakarta High Court Decision
      No. 755/PDT/2025/PT DKI tanggal 29 Juli 2025                       No. 755/PDT/2025/PT DKI dated July 29, 2025
      yang menguatkan putusan Pengadilan Negeri                          which confirmed the decision of the Central
      Jakarta Pusat No. 6/Pdt.G/2023/PN Jkt.Pst                          Jakarta District Court No. 6/Pdt.G/2023/PN
      tanggal 10 Oktober 2024 dengan amar putusan                        Jkt.Pst dated October 10, 2024 with the verdict
      menolak gugatan perlawanan dari para Pelawan.                      rejecting     the     Plaintiff’s claims.  On
      Pada tanggal 1 September 2025, Perusahaan dan                      September 1, 2025, the Company and SGN
      SGN menyerahkan Memori Kasasi atas Putusan                         submitted a Cassation Memorandum against the
      Pengadilan Negeri Jakarta.                                         Jakarta District Court Decision.

      Sampai dengan tanggal penyelesaian laporan                          As of the completion date of the consolidated
      keuangan konsolidasian, kasus tersebut masih                        financial statements, the cassation of the case is
      dalam proses kasasi dan belum ada keputusan                         still ongoing and there has been no final and
      yang berkekuatan hukum tetap dan mengikat.                          binding legal decision.

      Informasi yang biasanya disyaratkan oleh                            The information usually required by PSAK 237
      PSAK 237 “Provisi, liabilitas, kontinjensi, dan aset                “Provisions, contingent liabilities, and contingent
      kontinjensi” tidak diungkapkan karena dapat                         assets” is not disclosed on the grounds that it can
      membentuk prasangka tertentu atas penyelesaian                      be expected to prejudice the outcome of the
      permasalahan hukum tersebut.                                        litigation.




                                                             134
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

47. PERKARA     HUKUM           DAN       KEWAJIBAN             47. LEGAL MATTER AND CONTINGENCY (Continued)
    BERSYARAT (Lanjutan)

   b. Arbitrase Perkara dengan Perusahaan Umum                      b. Arbitration Case with Perusahaan Umum
      Pembangunan         Perumahan      Nasional                      Pembangunan       Perumahan     Nasional
      (Perumnas) dan BPL                                               (Perumnas) and BPL

      Pada tanggal 8 Juli 2024, BPL mengajukan                        On July 8, 2024, BPL filed an application and an
      permohonan dan daftar bukti awal ke Badan                       initial list of evidence with the Indonesian
      Arbitrase Nasional Indonesia (BANI) atas perkara                National Arbitration Board (BANI) for an
      arbitrase yang diajukan terhadap Perumnas terkait               arbitration case submitted against Perumnas
      penghentian perjanjian KSO PP – BPL dengan                      concerning the termination agreement of KSO
      nomor perkara 47044/VIIARB-BANI/2024.                           PP       –     BPL     with    case      number
                                                                      47044/VIIARB-BANI/2024.

      Berdasarkan     putusan        BANI     tanggal                 Based     on   the   BANI     decision     dated
      10 September 2025, Majelis Arbiter memutus                      September 10, 2025, the Arbitration Panel
      perkara A quo yang menyatakan bahwa                             decided the A quo case stating that the BPL
      permohonan BPL tidak dapat diterima atau Niet                   application   was   unacceptable      or    Niet
      Ontvankelijke Verklaard (NO) karena gugatan                     Ontvankelijke Verklaard (NO) the lawsuit is
      dianggap prematur (Ekseptio Dilatoria).                         considered premature (Ekseptio Dilatoria).

      Sampai dengan tanggal penyelesaian laporan                      As of the completion date of the consolidated
      keuangan konsolidasian ini diterbitkan, BPL belum               financial statements, BPL has not pursued
      melakukan upaya hukum lanjutan untuk                            further legal efforts to obtain legal certainty
      mendapatkan kepastian hukum sehubungan                          regarding the termination agreement of KSO PP
      dengan penghentian perjanjian KSO PP - BPL.                     - BPL.

   c. Arbitrase Perkara dengan PT Brantas Abipraya                  c. Arbitration Case with PT Brantas Abipraya
      (Brantas) dan BPL                                                (Brantas) and BPL

      Pada tanggal 8 Juli 2024, Brantas mengajukan                    On July 8, 2024, Brantas filed an application and
      permohonan dan daftar bukti awal ke Badan                       an initial list of evidence with the Indonesian
      Arbitrase Nasional Indonesia (BANI) atas perkara                National Arbitration Board (BANI) for an
      arbitrase yang diajukan terhadap Perumnas terkait               arbitration case submitted against Perumnas
      penghentian perjanjian KSO PP – BPL dengan                      concerning the termination agreement of KSO
      nomor perkara 47044/VIIARB-BANI/2024.                           PP       –      BPL     with    case      number
                                                                      47044/VIIARB-BANI/2024.

      Pada tanggal 22 Desember 2025 Majelis Arbiter                   On December 22, 2025, the Arbitral Tribunal of
      pada BANI dalam perkara ini memutus perkara                     the Indonesian National Arbitration Board (BANI)
      bahwa KSO PP - BPL, Perumnas dan BPL secara                     issued its decision in this case, ruling that KSO
      tanggung renteng untuk membayar kewajibannya                    PP–BPL, Perumnas, and BPL are jointly and
      kepada Brantas sebesar Rp80,55 miliar dan                       severally liable to pay Brantas an obligation
      membayar      bagian      biaya     administrasi,               amounting to Rp80.55 billion, and to pay their
      pemeriksaan dan arbiter sebesar Rp 1,60 miliar.                 respective share of the administrative,
                                                                      examination, and arbitrator fees totaling
                                                                      Rp1.60 billion.

      Sampai dengan tanggal penyelesaian laporan                      As of the completion date of these consolidated
      keuangan konsolidasian ini diterbitkan, belum                   financial statements, there has been no
      terdapat penetapan bagi pelaksanaan eksekusi                    determination regarding the execution of the
      atas putusan arbitrase tersebut.                                arbitration award.




                                                          135
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                       DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

47. PERKARA     HUKUM              DAN        KEWAJIBAN             47. LEGAL MATTER AND CONTINGENCY (Continued)
    BERSYARAT (Lanjutan)

   d. Perkara Arbitrase antara PT Bakrie Swasakti                      d. Arbitration Case between PT Bakrie Swasakti
      Utama (“BSU”) dengan Joint Operation PT                             Utama (“BSU”) and the Joint Operation of
      Hutama Karya (Persero) (“HK”) dan PT                                PT Hutama Karya (Persero) (“HK”) and
      Pembangunan Perumahan (Persero) Tbk (“JO                            PT Pembangunan Perumahan (Persero) Tbk
      HK-PP”)                                                             (“JO HK–PP”)

         Pada tanggal 2 September 2025, BSU menerima                     On September 2, 2025, BSU received a request
         permohonan dari BANI atas perkara arbitrase                     from the Indonesian National Arbitration Board
         yang diajukan HK selaku perwakilan JO HK-PP                     (BANI) regarding the arbitration case filed by HK
         dengan      nomor    perkara  48048/VIII/ARB-                   as the representative of JO HK–PP, with case
         BANI/2025 sehubungan dengan tagihan jasa                        number       48048/VIII/ARB-BANI/2025,          in
         konstruksi BSU (Catatan 49c).                                   connection with the construction service claim of
                                                                         BSU (Note 49c).


48. INFORMASI TAMBAHAN ATAS TRANSAKSI YANG                          48. SUPPLEMENTARY CASH FLOWS INFORMATION
    TIDAK MEMENGARUHI ARUS KAS                                          FOR NON-CASH ACTIVITIES

    Informasi pendukung laporan arus kas konsolidasian                 Supplementary information to the consolidated
    sehubungan     dengan     aktivitas  yang     tidak                statements of cash flows relating to non-cash
    memengaruhi arus kas adalah sebagai berikut:                       activities is as follows:

    a.     Aktivitas non-kas yang signifikan                            a.    Significant non-cash activities

                                                     2025                    2024
           Akuisisi Entitas Anak melalui                                                       Acquisition of Subsidiary through
              konversi piutang lain-lain             781.300                        -        conversion of other receivables
           Reklasifikasi dari utang bank jangka
              panjang ke utang bank jangka                                                    Reclassification of long-term bank
              pendek                                  77.278                        -        loans to short-term bank loans
           Penambahan liabilitas sewa                                                                  Increase in lease liabilities
              melalui penambahan beban bunga          18.287                        -               through interest expense
           Penurunan tanah untuk pengembangan                                            Decrease in land for development due
              melalui reklasifikasi persedian             8.280                     -       to reclassification to inventories
           Penurunan aset tetap tanah                                                      Decrease in land under fixed assets
              melalui reklasifikasi persediaan            2.911                     -   due to reclassification to inventories
           Reklasifikasi aset tetap                                                                            Reclassification of
              ke aset lain-lain                           2.813                     -            fixed assets to other assets
           Reklasifikasi piutang lain-lain jangka                                            Reclassification of short-term other
              pendek ke piutang lain-lain                                                     receivables to long-term other
              jangka panjang                                    -            781.314                              receivables
           Reklasifikasi dari utang bank jangka
              pendek ke utang bank jangka                                                    Reclassification of short-term bank
              panjang                                           -            250.000           loans to long-term bank loans
                                                                                              Recognition of a right-of-use asset
           Pengakuan aset hak guna melalui                                                       through the recognition of a
               pengakuan liabilitas sewa                        -            207.227                             lease liability
           Penambahan aset tetap melalui akuisisi                                                 Addition of fixed asset through
               Entitas Anak                                     -            118.848              acquisition of a Subsidiary
           Penurunan pada uang muka pembelian                                                 Decrease in advance for purchase
               tanah melalui saling hapus                                                           of land through offsetting
               utang lain-lain                                  -             17.880                  against other payables
           Investasi pada Entitas Anak melalui                                               Investment in a Subsidiary through
               konversi piutang lain-lain                       -             93.731          conversion of other receivable




                                                          136
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

48. INFORMASI TAMBAHAN ATAS TRANSAKSI YANG                              48. SUPPLEMENTARY CASH FLOWS INFORMATION
    TIDAK MEMENGARUHI ARUS KAS (Lanjutan)                                   FOR NON-CASH ACTIVITIES (Continued)

                                                          2025                 2024
             Penambahan utang bank jangka panjang                                                 Addition of long-term bank loan from
                melalui akuisisi Entitas Anak                       -            36.993             an acquisition of a Subsidiary
             Reklasifikasi dari tanah untuk                                                                Reclassification of land for
                pengembangan ke persediaan                          -            21.296                 development to inventories


   b.        Perubahan pada liabilitas yang timbul dari                    b. Changes in liabilities arising from financial
             aktivitas pendanaan                                               activities

                                                                    2025
                                         Saldo                                                    Saldo
                                      1 Januari/                                              31 Desember/
                                     Balance as of    Arus Kas/            Lain-lain/         Balance as of
                                      January 1,     Cash Flows             Others            December 31,
             Utang bank jangka
               pendek                    195.265          80.923                  77.278          353.466         Short-term bank loans
             Pembiayaan Musyarakah                                                                                              Short-term
               jangka pendek              11.800           8.806                       -           20.606       Musyarakah financing
             Utang lain-lain             245.367         (32.213)                  1.361          214.515                  Other payables
             Utang pihak berelasi         15.863          (1.909)                      -           13.954         Due to related parties
             Utang Sewa                  221.944          (2.000)                 18.287          238.231                   Lease Liability
             Utang bank jangka                                                                                                  Long-term
               panjang                   533.087        (103.150)                 (77.249)        352.688                     bank loan
             Pembiayaan Musyarakah                                                                                              Long-term
               jangka panjang              64.483          8.753                          -         73.236      Musyarakah financing
             Utang pembelian aset                                                                               Liability for purchase of
               tetap                         415            601                           -          1.016                 fixed assets


                                                                    2024
                                         Saldo                                                    Saldo
                                      1 Januari/                                              31 Desember/
                                     Balance as of    Arus Kas/            Lain-lain/         Balance as of
                                      January 1,     Cash Flows             Others            December 31,
             Utang bank jangka
               pendek                    345.071          77.412                 (227.218)         195.265        Short-term bank loans
             Pembiayaan Musyarakah                                                                                              Short-term
               jangka pendek              11.850             (50)                       -           11.800      Musyarakah financing
             Utang lain-lain             270.757         (12.479)                 (12.911)         245.367                 Other payables
             Utang pihak berelasi         19.804            (159)                  (3.782)          15.863        Due to related parties
             Utang bank jangka                                                                                                  Long-term
               panjang                   252.411          15.374                 265.302           533.087                    bank loan
             Pembiayaan Musyarakah                                                                                              Long-term
               jangka panjang              66.968         (2.485)                         -         64.483      Musyarakah financing
             Utang pembelian aset                                                                               Liability for purchase of
               tetap                         949            (540)                       6             415                  fixed assets




49. PERISTIWA SETELAH PERIODE PELAPORAN                                 49. EVENTS AFTER THE REPORTING PERIOD

   a. Utang Bank                                                           a. Bank Loans

        1.     Pada tanggal 7 Januari 2026, PT Bakrie                          1. On January 7, 2026, PT Bakrie Swasakti
               Swasakti Utama, Entitas Anak telah melunasi                        Utama, a Subsidiary, has settled it’s loan
               pinjamannya pada PT Bank KB Indonesia Tbk                          from PT Bank KB Indonesia Tbk (Note 19c).
               (Catatan 19c).




                                                              137
Page 455
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                           DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

49. PERISTIWA      SETELAH      PERIODE     PELAPORAN               49. EVENTS AFTER          THE    REPORTING      PERIOD
    (Lanjutan)                                                          (Continued)

        2.   Pada tanggal 28 Januari 2026, PT Jasa Boga                      2. On January 28, 2026, PT Jasa Boga Raya, a
             Raya,    Entitas  Anak     telah  melunasi                         Subsidiary, has settled it’s loan from
             pinjamannya pada PT Bank Panin Tbk                                 PT Bank Panin Tbk (Note 27g).
             (Catatan 27g).

        3.   Pada tanggal 29 Januari 2026, PT Mutiara                        3. On January 29, 2026, PT Mutiara Masyhur
             Masyhur Sejahtera, Entitas Anak memperoleh                         Sejahtera, a Subsidiary, obtained an
             persetujuan perpanjangan jangka waktu                              agreement to extend the term of credit loan
             fasilitas pinjaman kredit dengan PT Bank                           facility with PT Bank Mayapada Internasional
             Mayapada Internasional Tbk, sampai dengan                          Tbk, until March 30, 2028 (Note 27a).
             tanggal 30 Maret 2028 (Catatan 27a).

   b.    Pengambilalihan      dan    Recana     Transaksi              b.   Acquisition    and   Transaction    Plan   of   a
         Entitas Anak                                                       Subsidiary
        1.   Berdasarkan Pernyataan Keputusan Para                          1.   Based on the Statement of Shareholders’
             Pemegang Saham yang telah diaktakan oleh                            Decision which has been Notarized by Utiek
             Notaris Utiek R. Abdurachman, S.H., MLi.,                           R. Abdurachman, S.H., MLi., M.Kn., No. 15
             M.Kn., No. 15 tanggal 29 Januari 2026,                              dated January 29, 2026, Riswan Juliandi has
             Riswan Juliandi telah mengalihkan sahamnya                          transferred   its  share    ownership     in
             di PT Souvereign International Indonesia (SII)                      PT Souvereign International Indonesia (SII)
             ke PT Bakrie Swasakti Utama (BSU), Entitas                          to PT Bakrie Swasakti Utama (BSU), a
             Anak sebanyak 7 lembar saham dengan nilai                           Subsidiary of 7 shares amounted to
             pengalihan sebesar Rp7 juta. Sehingga                               Rp7 million. Therefore, BSU’s ownership at
             kepemilikan BSU pada SII menjadi 1%.                                SII became 1%.

             Sampai dengan tanggal penyelesaian laporan                          Until the completion date of these
             keuangan konsolidasian ini diterbitkan,                             consolidated financial statements, the
             perubahan komposisi kepemilikan saham                               change in the composition of share
             tersebut masih dalam proses pengesahan                              ownership is still in process to obtain
             dari Menteri Hukum dan Hak Asasi Manusia                            approval from the Ministry of Law and
             Republik Indonesia.                                                 Human Rights of the Republic of Indonesia.

        2.   Pada tanggal 9 Februari 2026, GAP                              2. On February 9, 2026, GAP signed a Sales
             menandatangani Perjanjian Pengikatan Jual                         and Purchase Agreement with PT Adiprotek
             Beli Saham dengan PT Adiprotek Envirodunia                        Envirodunia (AE), the holder of 61.86% of
             (AE),     pemegang      61,86%      saham                         the shares in PT Jungleland Asia (JLA), in
             PT Jungleland Asia (JLA), terkait dengan                          relation to the proposed transaction to be
             rencana transaksi yang akan dilakukan oleh                        undertaken by the parties.
             para pihak.

             Sampai dengan tanggal penyelesaian laporan                          As of the completion date of these
             keuangan konsolidasian ini diterbitkan, para                        consolidated financial statements, the
             pihak sedang dalam proses memenuhi                                  parties are in the process of fulfilling the
             persyaratan transaksi tersebut.                                     transaction requirements.

   c.    Perkara Arbitrase antara PT Bakrie Swasakti                   c.   Arbitration Case between PT Bakrie Swasakti
         Utama (“BSU”) dengan Joint Operation                               Utama (“BSU”) and the Joint Operation of
         PT Hutama Karya (Persero) (“HK”) dan                               PT Hutama Karya (Persero) (“HK”) and
         PT Pembangunan Perumahan (Persero) Tbk                             PT Pembangunan Perumahan (Persero) Tbk
         (“JO HK-PP”)                                                       (“JO HK–PP”)

        Pada tanggal 18 Februari 2026 Majelis Arbiter                       On February 18, 2026, the Arbitral Tribunal of
        pada BANI dalam memutus perkara bahwa:                              the Indonesian National Arbitration Board (BANI)
                                                                            issued its decision in this case, ruling that:




                                                              138
Page 456
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2025 DAN 2024                         DECEMBER 31, 2025 AND 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

49. PERISTIWA    SETELAH     PERIODE      PELAPORAN               49. EVENTS AFTER          THE    REPORTING       PERIOD
    (Lanjutan)                                                        (Continued)

      1.   Mengesahkan      penyelesaian      kewajiban                  1.   The settlement of the obligation shall be
           dengan pembayaran 18 unit         apartemen                        fulfilled through the transfer of 18 apartment
           melalui 14 PPJB.                                                   units under 14 Conditional Sale and
                                                                              Purchase Agreements (PPJB).
      2.   Meningkatkan   PPJB    4   unit   apartemen                    2. Four (4) PPJB for the apartment units shall
           menjadi AJB.                                                      be upgraded to Sale and Purchase Deeds
                                                                             (AJB).
      3.   Jika 14 PPJB tidak dapat ditingkatkan ke AJB                   3. If the 14 PPJB cannot be upgraded to AJB,
           maka wajib membayar Rp45,88 miliar dan                             the obligated party shall pay Rp45.88 billion
           Rp11,04 miliar.                                                    and Rp11.04 billion.
      4.   Membayar     bagian    biaya     administrasi,                 4. The obligated party shall pay its portion of
           pemeriksaan     dan      arbiter    sebesar                       the     administrative, examination,    and
           Rp448,27 juta.                                                    arbitrator      fees     amounting        to
                                                                             Rp448.27 million.

      Sampai dengan tanggal penyelesaian laporan                         As of the completion date of these consolidated
      keuangan konsolidasian ini diterbitkan, belum                      financial statements, there has been no
      terdapat penetapan bagi pelaksanaan eksekusi                       determination regarding the execution of the
      atas putusan arbitrase tersebut.                                   arbitration award.


50. STANDAR AKUNTANSI            KEUANGAN        YANG             50. FINANCIAL ACCOUNTING STANDARDS NOT YET
    BELUM DITERAPKAN                                                  ADOPTED

   Ikatan Akuntan Indonesia (IAI) telah menerbitkan                  The Indonesian Institute of Accountants (IAI) has
   Standar Akuntansi Keuangan yang belum berlaku                     issued Financial Accounting Standards that are not
   efektif untuk periode tahun buku yang dimulai pada                yet effective for annual periods beginning on
   tanggal 1 Januari 2026. Namun, penerapan dini                     January 1, 2026. However, earlier application is
   diperkenankan.                                                    permitted.

   Pernyataan baru dan amendemen Standar Akuntansi                   The new and amendments of Statements of
   Keuangan (PSAK) yang telah diterbitkan dan berlaku                Financial Accounting Standards (PSAK) issued and
   efektif untuk periode tahun buku yang dimulai pada                effective for annual periods beginning on or after
   atau setelah tanggal 1 Januari 2026 adalah sebagai                January 1, 2026 are as follows:
   berikut:
   - Amendemen PSAK No. 109, “Instrumen                               - Amendment to PSAK No. 109, “Financial
      Keuangan”;                                                        Instruments”
   - Amendemen PSAK No. 107, “Instrumen                               - Amendment to PSAK No. 107, “Financial
      Keuangan Pengungkapan tentang Klasifikasi dan                     Instruments: Disclosures about the Classification
      Pengukuran Instrumen Keuangan.”                                   and Measurement of Financial Instruments”.

   Grup sedang mempelajari dampak yang mungkin                       The Group is evaluating the potential impact on the
   timbul dari penerapan SAK tersebut terhadap                       consolidated financial statements as a result of the
   laporan keuangan konsolidasian.                                   adoption of such SAK.




                                                            139
Page 457

          
Page 458
2025
LAPORAN TAHUNAN
Annual Report




RISING TO
THE
    NEXT LEVEL




                                           RISING TO THE NEXT LEVEL
                                         LAPORAN TAHUNAN
                                               Annual Report




PT Bakrieland Development Tbk
Wisma Bakrie 1, 6th floor
Jl. HR Rasuna Said Kav. B-1
Jakarta, Indonesia 12920
                                         2025




k o n ta k | c o n ta c t s

Telp : +6221 525 7835
Fax : +6221 522 5063
E-mail : corporate.info@bakrieland.com
bakrieland.com

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Published29 Apr 2026
Pages458
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Names mentioned 157 people and organisations named in the text · linked when the evidence is strong

linked org Bakrieland Development Tbk p.1 ×371
linked — KPD Simas Equity p.26 ×2
linked org PT Bukit Jonggol Asri p.30 ×22
linked org Graha Andrasentra p.30 ×25
linked org Sentul City Tbk p.30 ×8
linked org PT Danatama Perkasa p.31
linked org Surya Global p.38 ×4
linked person Kanaka Puradiredja p.39 ×6
linked person Resza Adikreshna p.39 ×5
linked person Melky Aliandri p.39 ×3
linked person Yusri Hartadi p.39
linked person Bambang Irawan Hendradi p.42 ×5
linked org Darma Henwa Tbk p.42 ×5
linked org Bakrie Telecom Tbk p.45 ×5
linked org Bank Danamon Indonesia Tbk p.46 ×5
linked org Ramayana Lestari Sentosa Tbk p.46 ×5
possible org Negara Republik Indonesia p.26
possible org Bursa Efek Indonesia p.27 ×8
possible person Armansyah Yamin p.39 ×3
possible org Bumi Resources Tbk p.42 ×4
possible org PT Bakrie Capital Indonesia p.42 ×13
unresolved org PT Provices Indonesia. p.15 ×17
unresolved org PT Provices Tower p.15
unresolved org PT Provices Indonesia. Maintained ISO p.16
unresolved org PT Jasa Boga Raya p.16 ×16
unresolved org PT Jasa Boga p.16
unresolved org Bank Award p.23 ×2
unresolved org PT Raharja Inovasi Akuatik p.23 ×2
unresolved org Interventures Capital Pte. Ltd p.26
unresolved person Waworuntu p.26
unresolved org Menteri Kehakiman Republik Indonesia p.26
unresolved person John Leonard Waworuntu p.26
unresolved org Minister of Justice p.26
unresolved org Indonesia Stock Exchange p.27 ×3
unresolved org PT Purilestari Indah Pratama. Empat p.28
unresolved org PT Elang Realty. Di p.28
unresolved org Elang Realty Tbk. p.28 ×7
unresolved org PT Purilestari Indah Pratama. Four p.28
unresolved org PT Elang Realty. In p.28
unresolved org PT Catur Swasakti Utama p.30 ×6
unresolved org PT Bakrie Swasakti Utama p.30 ×33
unresolved org PT Puri Lestari Indah Pratama p.30 ×2
unresolved org PT Bakrie Swasakti Utama. Elang Realty p.30
unresolved org PT Lido p.30
unresolved org PT Bukit Jonggol Asri Nirwana Parahyangan p.30
unresolved org PT Fusion Plus Indonesia p.30
unresolved org PT Lido Nirwana Parahyanan p.30
unresolved org PT Fusion PlusIndonesia p.30
unresolved org Graha Andrasentra Propertindo Tbk p.30 ×50
unresolved org PT Bakrie Nirwana Semesta p.30 ×10
unresolved org Sugilite Company Limited p.30
unresolved org PT Bali Nirwana Resort. p.30 ×4
unresolved org Sugilife Company Limited p.30
unresolved org PT Gili Tirta Anugrah. p.30 ×2
unresolved org PT Epicentrum p.30
unresolved org PT Mutiara Masyhur Sejahtera. p.30 ×24
unresolved org PT Bakrieland p.31 ×4
unresolved org Development Tbk. p.31 ×4
unresolved org PT Bakrie Toll Road p.31 ×2
unresolved org PT Bakrie Infrastructure p.31
unresolved org PT Semesta Marga Raya p.31 ×4
unresolved org PT Bakrie p.31 ×7
unresolved org BLD Investment Pte. Ltd. p.31 ×5
unresolved org PT Satria Cita Perkasa p.31 ×2
unresolved org Pan Galactic Investment Ltd. p.31 ×2
unresolved org Transglobal Finance Ltd. p.31 ×2
unresolved org PT JungleLand Asia p.31 ×10
unresolved org PT Samudera Asia Nasional. p.31 ×2
unresolved org Danatama Sentul City Tbk p.31 ×2
unresolved org PT Graha p.32
unresolved org Andrasentra Propertindo Tbk p.32 ×2
unresolved org PT Prima Bisnis Utama p.32 ×4
unresolved org PT Graha Skema p.32
unresolved org PT Riverton Group. p.32 ×2
unresolved org PT Adiprotek Envirodunia. p.32 ×2
unresolved org PT MMS p.32 ×2
unresolved org PT Graha Istana Nirwana p.32 ×4
unresolved org PT Gili Tirta Anugerah. p.32 ×4
unresolved person Aulia Taufani · Notaris p.35 ×3
unresolved org PT Krakatau Lampung Tourism Development Kawasan p.36
unresolved org PT Jasa Boga Raya Perusahaan p.36
unresolved org PT Bakrie Swasakti Utama Kawasan p.37
unresolved org PT ProVices Indonesia Memfokuskan p.37
unresolved org PT Bakrie Pangripta Loka Kawasan p.37
unresolved org PT Bakrie Swasakti Utama Area p.37
unresolved org PT Graha Multi Insani Terletak p.37
unresolved org PT Mutiara Masyhur Sejahtera Pengembangan Township p.37
unresolved org PT Superwish Perkasa p.38 ×6
unresolved org PT Bumi Daya Makmur p.38 ×5
unresolved org PT Bakrie Pangripta Loka p.38 ×2
unresolved org PT Bakrie Pesona Rasuna p.38 ×8
unresolved org PT Provices Karya Mandiri p.38 ×2
unresolved org PT Graha Multi Insani p.38 ×2
unresolved org PT Provices Lintas Mandiri p.38 ×2
unresolved org PT Rasuna Residence p.38
unresolved org PT Provices Prima Mandiri p.38 ×2
unresolved org PT Provices Total Mandiri p.38 ×2
unresolved org PT Maju Makmur Sejahtera p.38 ×2
unresolved org PT Nugraha Adhikarsa Prata p.38
unresolved org PT Inti Permata Sejati p.38 ×4
unresolved org PT Mitra Langgeng Sejahtera p.38 ×2
unresolved org PT Megah Djati Karya p.38 ×2
unresolved org PT Surya Global Nusantara p.38 ×4
unresolved org PT Andrasentra Properti Services p.38 ×2
unresolved org PT Citrasaudara Abadi p.38 ×4
unresolved org PT Nirwana Estate Management p.38 ×2
unresolved org PT Bahana Sukma Sejahtera p.38 ×2
unresolved org PT Bakrie Nirwana Realty p.38 ×2
unresolved org PT Krakatau Lampung Tourism Development p.38 ×10
unresolved org PT Bumi Sentra Investama p.38 ×2
unresolved person Kanaka P. · President Director p.39 ×2
unresolved org PT Minarak Brantas Gas p.42 ×4
unresolved org PT Bakrie Finance Corporation p.42 ×2
unresolved org PT Bakrie Nusantara Corporation p.42 ×4
unresolved org PT Sanggraha Pelita Jaya p.42 ×2
unresolved org PT Pillar Abhimantra p.42 ×2
unresolved org PT Djarot p.42 ×6
unresolved org PT Anugerah Saraswati p.42 ×2
unresolved org PT Adirama p.42 ×2
unresolved org PT Indohero p.42 ×2
unresolved org PT Gaia Energi Baik p.42 ×2
unresolved org Yayasan Pendidikan Bakrie p.42
unresolved org Brothers Tbk p.43 ×4
unresolved org PT Arm p.43 ×2
unresolved org PT Asuransi Ikrar Lloyd p.43 ×2
unresolved org PT Bouraq Indonesia Airlines p.43 ×2
unresolved org Pengurus Lembaga p.44
unresolved org PT Intiland Group p.45 ×2
unresolved org PT Rasuna Residence Development p.45 ×7
unresolved org PT Mahala Langgeng Abadi p.45 ×4
unresolved org PT Tatamasa Group p.45 ×2
unresolved org PT Colliers International p.46 ×2
unresolved org PT Premas International p.46 ×2
unresolved org PT Primanaya Jasa Boga p.47 ×2
unresolved org PT Pacific Food Indonesia p.47 ×4
unresolved org PT Nugraha Adhikara Pratama p.50
unresolved org BLD Asia Pte. Ltd p.50
unresolved person Nirwan Dermawan Bakrie p.51
unresolved org Yayasan p.52
unresolved org Kantor Akuntan Publik Publilc Accounting Firm Sesuai p.54
unresolved org Kantor Akuntan Publik Y. Santosa dan Rekan p.54
unresolved org Kantor Akuntan Publik Y. Santosa p.54
unresolved person Tjiendradjaja Yamin p.54
unresolved org Y. Santosa dan Rekan · Kantor Akuntan Publik p.54 ×3
unresolved org PT Sinartama Gunita Share Registrar p.55
unresolved org PT Bursa Efek Indonesia Stock Listing p.55
unresolved person Aryanti Artisari, S.H., M.Kn. · Notaris p.55 ×2
unresolved person H. Menara Sudirman p.55
unresolved org PT Kustodian Sentral Efek Indonesia p.55
unresolved org PT Kustodian Sentral Efek Indonesia Custodian p.55
unresolved org Bank Indonesia p.62 ×4
unresolved org Ministry of Housing and Settlement Areas p.75
unresolved org Ministry of Tenaga Kerja p.85
unresolved person Committee · Komisaris p.133
unresolved person Meanwhile · Komisaris p.148
unresolved person Pedoman · Komisaris p.154
unresolved org PT Bakrieland Board p.157

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