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




                             Strength in
                             Challenges
                               Tangguh di Tengah Tantangan




                                      PT Indoritel Makmur Internasional Tbk
Page 2
    Penjelasan Tema
    Theme Explanation




    Strength in Challenges
    Tangguh di Tengah Tantangan



    Di tengah dinamika usaha, perubahan perilaku konsumen,         Amidst business dynamics, changing consumer behavior,
    serta persaingan industri yang semakin kompetitif              and increasingly competitive industry conditions throughout
    sepanjang    tahun     2025,     Perseroan    menunjukkan      2025, the Company demonstrated resilience and consistency
    ketangguhan dan konsistensi dalam menjaga kinerja serta        in maintaining performance and business sustainability. Close
    keberlanjutan usaha. Sinergi yang erat dengan entitas anak     synergy with subsidiaries and associated entities continues
    dan entitas asosiasi terus diperkuat, dengan fokus pada        to be strengthened, with a focus on strengthening business
    penguatan fundamental bisnis, penerapan strategi yang          fundamentals, implementing strategies that adapt to market
    adaptif terhadap perkembangan pasar, serta pengelolaan         developments, and effective and disciplined cost management
    biaya yang efektif dan disiplin guna menjaga profitabilitas.   to maintain profitability.

    Dalam sektor infrastruktur telekomunikasi, FiberStar           In the telecommunications infrastructure sector, FiberStar
    terus memperluas jaringan dan meningkatkan kualitas            continues to expand its network and improve service quality
    layanan untuk memenuhi kebutuhan konektivitas                  to meet growing connectivity needs. In the retail sector,
    yang terus meningkat. Di sektor ritel, Indomaret               Indomaret is optimizing its outlets and adjusting its marketing
    melakukan optimalisasi gerai dan penyesuaian strategi          strategy to reflect consumer shopping trends. Meanwhile,
    pemasaran sesuai tren belanja masyarakat. Sementara            in the food and beverage sector, KFC and Sari Roti continue
    di sektor makanan dan minuman, KFC dan Sari Roti terus         to introduce product innovations and relevant promotional
    menghadirkan inovasi produk serta strategi promosi yang        strategies. Overall, the theme of the 2025 Annual Report
    relevan. Secara keseluruhan, tema Laporan Tahunan 2025         reflects solid collaboration and measurable strategies, which
    mencerminkan kolaborasi yang solid dan strategi yang           underpin the Company’s optimism in continuing to create
    terukur, yang menjadi landasan optimisme Perseroan             sustainable added value for shareholders and stakeholders.
    untuk terus menciptakan nilai tambah berkelanjutan bagi        Strength in Challenges.
    para pemegang saham dan pemangku kepentingan.




B   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 3
2024
Pursuing Lasting Value
Mengejar Nilai Berkelanjutan

Salah satu upaya Indoritel untuk mendorong terwujudnya keberlanjutan bisnis adalah dengan
terus mengejar nilai-nilai yang berdampak secara luas dan bernilai tambah secara berkelanjutan.
Pada 2024, Perseroan terus memperkuat sinergi dan konsolidasi dengan entitas anaknya,
FiberStar dan ketiga entitas asosiasinya dalam menyikapi tantangan yang ada secara strategis
dan mengakselerasi pertumbuhan di segala aspek.

Sepanjang 2024, Perseroan melalui FiberStar terus melakukan perluasan jangkauan konektivitas
sebagai bentuk komitmennya untuk menghadirkan produk dan jasa yang berkualitas kepada
seluruh pelanggan. Kerja sama dan kolaborasi strategi yang berhasil terjalin di tahun ini juga
semakin memperkuat posisi di pasar. Dengan semangat berinovasi dan bertransformasi tanpa
henti, Perseroan senantiasa melanjutkan perjalanannya untuk mengejar nilai-nilai yang dapat
bertahan secara jangka panjang dan tidak lekang oleh waktu.

One of Indoritel’s efforts to promote business sustainability is to continuously pursue values that
have a broad impact and add sustainable value. In 2024, the Company continued to strengthen
synergies and consolidation with its subsidiary, FiberStar, and its three associated entities to
strategically address existing challenges and accelerate growth in all aspects.

Throughout 2024, the Company, through FiberStar, continued to expand its connectivity reach as
a commitment to providing quality products and services to all customers. The successful strategic
partnerships and collaborations established this year will further strengthen its market position. With
a spirit of relentless innovation and transformation, the Company will continue its journey to pursue
values that are sustainable and timeless.




2023
Strengthening Fundamentals for Growth
Memperkuat Fundamental untuk Pertumbuhan


Tahun 2023 bukanlah tahun yang mudah untuk menjaga konsistensi kinerja di pasar yang sangat
kompetitif dan sensitif terhadap perubahan perilaku konsumen. Namun perjalanan panjang di
industri telah menempa daya tahan Indoritel dalam menghadapi berbagai tantangan. Kami
fokus untuk memperkokoh fondasi pertumbuhan pada entitas anak dan entitas asosiasi dengan
berbagai inisiatif strategis untuk menangkap peluang pasar yang lebih luas lagi di masa depan.

Entitas anak, FiberStar, terus berekspansi memperluas cakupan jaringan serat optik agar siap
memenuhi kebutuhan pelanggan akan layanan koneksi internet yang berkualitas tinggi. Para
entitas asosiasi terus berinvestasi menambah gerai di lokasi-lokasi potensial serta berinovasi
menghadirkan ragam produk dan jasa yang memenuhi ekspektasi konsumen yang dinamis.
“Strengthening Fundamentals for Growth” kami pilih sebagai tema Laporan Tahunan 2023, untuk
merefleksikan upaya kami dalam membangun fondasi yang kokoh untuk berinovasi lebih lanjut
demi mencapai performa yang lebih baik lagi di masa mendatang.

2023 was a challenging year to maintain consistent performance in a highly competitive market
sensitive to changes in consumer behavior. However, our long history in the industry has forged
Indoritel’s resilience in facing various challenges. We are focused on strengthening the foundations
for growth in our subsidiaries and associated entities with various strategic initiatives to capture
broader market opportunities in the future.

Our subsidiary, FiberStar, continues to expand its fiber optic network coverage to meet customer
demand for high-quality internet connections. Our associated entities continue to invest in
additional outlets in potential locations and innovate to provide a variety of products and services
that meet dynamic consumer expectations. We have chosen “Strengthening Fundamentals for
Growth” as the theme of our 2023 Annual Report, reflecting our efforts to build a solid foundation
for further innovation and achieve even better performance in the future.



Laporan Tahunan 2025 Annual Report                                                                        PT Indoritel Makmur Internasional Tbk   1
Page 4
    Daftar Isi
    Table of Contents


     Kilas Kinerja                           4                                                 Kronologi Penerbitan Efek             82
     Performance Highlights                                                                    Lainnya

                                                                                   03
                                                                                               Chronology of Other Securities
     Kinerja Keberlanjutan                    6
     Sustainability Performance                                                                Auditor Eksternal                     83
                                                                                               External Auditor
     Strategi Usaha                           7
     Business Strategy                                                                         Informasi Lembaga/Profesi             84
                                                                                               Penunjang Pasar Modal

                                                  Profil Perusahaan                            Information on Other Capital
                                                                                               Market Supporting
                                                                                               Professional Institutions
                                                  Company Profile
                                      01          Identitas Perusahaan
                                                  Corporate Identity
                                                                                          40
                                                                                               Informasi Situs Web Perusahaan
                                                                                               The Company’s Website Information
                                                                                                                                     85


                                                  Tentang Perusahaan                      42
                                                  About the Company
    Ikhtisar Kinerja
                                                                                                                                04
                                                  Jejak Langkah                           44
                                                  Milestones
    Performance Highlights                        Visi, Misi, dan Budaya                  46
                                                  Perusahaan
     Ikhtisar Keuangan                       10   Vision, Mission, and Corporate
     Financial Highlights
                                                                                               Analisis dan
                                                  Culture
     Ikhtisar Saham                          12   Bidang Usaha                            48

                                                                                               Pembahasan
     Stock Overview                               Line of Business
     Aksi Korporasi                          13   Produk dan Jasa                         48
                                                                                               Manajemen
     Corporate Actions                            Products and Services
     Kebijakan Suspensi, Delisting,          13   Wilayah Operasional                     49
     dan Relisting Saham
     Suspension, Delisting, and Relisting
                                                  Operational Area
                                                                                               Management Discussion
     Policy
                                                  Struktur Organisasi                     50
                                                  Organizational Structure                     and Analysis
     Informasi tentang Penerbitan            13   Keanggotaan dalam Asosiasi              52
     Obligasi, Sukuk, atau Obligasi
                                                  Membership in Associations                   Tinjauan Perekonomian                 88
     Konversi                                                                                  Economy Review
     Information on Bond, Sukuk, or               Komposisi Dewan Komisaris               53
     Convertible Bond Issuance                    dan Direksi                                  Tinjauan Operasional                  90
                                                  Composition of the Board of                  Per Segmen Usaha
     Peristiwa Penting 2025                  14   Commissioners and Directors                  Operational Review by Business
     2025 Event Highlights
                                                  Dewan Komisaris                         54   Segment
     Penghargaan dan Sertifikasi             16
     Awards and Certifications
                                                  Board of Commissioners                       Prospek Usaha                         92
                                                  Direksi                                 56   Business Outlook
     Sertifikasi                             18   Board of Directors
     Certifications                                                                            Tinjauan Keuangan                     94
                                                  Profil Dewan Komisaris                  58   Financial Review
                                                  Profile of The Board of
                                                  Commissioners
                                                  Profil Direksi                          64

                                     02
                                                  Profile of The Board of Directors
                                                  Demografi Karyawan                      68
                                                  Employee Demographics
                                                  Informasi Pemegang Saham                70
                                                  Shareholders Information

    Laporan                                       Informasi mengenai Pemegang
                                                  Saham Utama dan/atau
                                                                                          71

    Manajemen                                     Pengendali
                                                  Information on Main and/or
                                                  Controlling Shareholders
    Management Report                             Struktur Grup Perusahaan                72
                                                  Corporate Group Structure
     Laporan Dewan Komisaris                 22
     Board of Commissioners Report                Daftar Entitas Anak, Entitas            73
                                                  Asosiasi, dan Ventura Bersama
     Laporan Direksi                         28
     Board of Directors Report                    List of Subsidiaries, Associates, and
                                                  Joint Ventures
     Surat Pernyataan Anggota Dewan          36
     Komisaris dan Direksi tentang                Profil Entitas Anak dan                 75
     Tanggung Jawab atas Laporan                  Entitas Asosiasi
     Tahunan 2025                                 Profile of Subsidiaries and
     Statement from the Board of                  Associates
     Commissioners and the Board of               Kronologi Pencatatan Saham              82
     Directors on Their Responsibility for        Chronology of Shares Listing
     the 2025 Annual Report




2   PT Indoritel Makmur Internasional Tbk                                                           Laporan Tahunan 2025 Annual Report
Page 5
                                             Kebijakan Pengungkapan                149   Referensi SEOJK                     194
                                             Informasi Mengenai Kepemilikan              Nomor 16/SEOJK.04/2021:

                               05
                                             Saham Anggota Direksi dan                   Laporan Tahunan Emiten atau
                                             Anggota Dewan Komisaris                     Perusahaan Publik
                                             Information Disclosure Policy               SEOJK No. 16/SEOJK.04/2021:
                                             Regarding Share Ownership of                Annual Report of Public Company
                                             Members of the Board of Directors
                                             and Members of the Board of                 Daftar Pengungkapan sesuai         209
Tata Kelola                                  Commissioners
                                             Sistem Pelaporan Pelanggaran          150
                                                                                         Peraturan Otoritas Jasa
                                                                                         Keuangan

Perusahaan
                                                                                         Nomor 51/POJK.03/2017 List of
                                             Whistleblowing System
                                                                                         Disclosure based on POJK No.51/
                                             Kebijakan Antikorupsi                 152   POJK.03/2017
Good Corporate Governance                    Anti-Corruption Policy
                                                                                         Lembar Umpan Balik                  211
                                             Kebijakan Komunikasi dengan           153   Feedback Sheet
 Tata Kelola Perusahaan                108   Pemegang Saham atau Investor
 Corporate Governance                        Communication Policy with
 Struktur Tata Kelola                  111   Shareholders or Investors
 Governance Structure                        Kebijakan Mekanisme Pengadaan         154

                                                                                                                     07
 Rapat Umum Pemegang Saham             112   Barang dan Jasa
 General Meeting of Shareholders             Procurement Policy for Goods and
                                             Services
 Dewan Komisaris                       118
 Board of Commissioners                      Kebijakan Insider Trading             154
                                             Insider Trading Policy
 Direksi                               122
 Board of Directors
 Keberagaman Manajemen dan             125
                                             Kebijakan Pemenuhan
                                             Hak-Hak Kreditur
                                                                                   154
                                                                                         Laporan Keuangan
                                             Creditor Rights Policy
 Independensi
 Management Diversity and                    Penerapan Pedoman Tata Kelola         155
                                                                                         Financial Report
 Independence                                Perusahaan Terbuka
                                             Implementation of Public Company
 Penilaian Kinerja Direksi dan         126   Governance Guidelines
 Dewan Komisaris
 Performance Evaluation of the
 Board of Directors and the Board of
 Commissioners


                                                                              06
 Nominasi dan Remunerasi               128
 Dewan Komisaris dan Direksi
 Nomination and Remuneration of
 Board of Commissioners
 and Board of Directors
 Komite Audit                          130
 Audit Committee
 Komite Nominasi dan                   134
                                             Laporan
 Remunerasi
 Nomination and Remuneration
                                             Keberlanjutan
 Committee                                   Sustainability Report
 Sekretaris Perusahaan                 137
 Corporate Secretary                         Tentang Laporan Keberlanjutan         162
 Audit Internal                        139   About the Sustainability Report
 Internal Audit                              Strategi Keberlanjutan                163
 Sistem Pengendalian Internal          142   Sustainability Strategy
 Internal Control System                     Nilai Keberlanjutan                   164
 Sistem Manajemen Risiko               144   Sustainability Values
 Risk Management System                      Perubahan Signifikan                  165
 Perkara Penting                       146   di Tahun Buku Significant
 Litigations                                 Changes During the Fiscal Year
 Informasi Sanksi Administratif        146   Penjelasan Direksi                    165
 Information on Administrative               Directors’ Explanation
 Sanction                                    Tata Kelola Keberlanjutan             168
 Kode Etik Perseroan                   147   Sustainability Governance
 Company Code of Conduct                     Kinerja Keberlanjutan                 173
 Kebijakan Pemberian                   148   Sustainability Performance
 Kompensasi Jangka Panjang                   Kegiatan TJSL Tahun 2025              180
 Berbasis Kinerja kepada                     CSR Activities in 2025
 Manajemen dan/atau Karyawan
 Performance-Based Long-
                                             Verifikasi Pihak Eksternal            193
                                             External Verification
 Term Compensation Policy to
 Management and/or Employees                 Umpan Balik                           193
                                             Feedback




Laporan Tahunan 2025 Annual Report                                                          PT Indoritel Makmur Internasional Tbk   3
Page 6
                                                                                                                                                  indoritel.co.id




                             Kilas Kinerja
                             Performance Highlights
Performance Highlights
Ikhtisar Kinerja




                                     Sepanjang tahun 2025, Entitas Anak dan Entitas
                                     Asosiasi Perseroan melanjutkan strategi ekspansi
                                     usaha termasuk memasuki wilayah-wilayah baru
                                     yang potensial untuk memperluas jangkauan
                                     pasar dan meraih pertumbuhan laba
                                     di masa mendatang.

                                     Disciplined and consistent management of business
                                     activities was the Company’s way of remaining
                                     competitive and providing optimal added value for
                                     shareholders and all stakeholders.




                                   FiberStar
                                                                                                       63.758                                 Km
                                                                                                                                              Kilometers




                                    3.315.462
                                                                                                       Panjang gelaran jaringan serat optik
                                                                                                       FiberStar hingga akhir tahun 2025.
                                                                                                       Strategically distributed outlets in
                                                                                         unit | unit   Indonesia by the end of 2025



                                                Realisasi jangkauan homes
                                                passed FiberStar hingga
                                                akhir tahun 2025.
                                                                                                       145                     kota/kabupaten
                                                                                                                               cities/regencies

                                                                                                       Jumlah kabupaten/kota yang telah
                                                                                                       terjangkau oleh jaringan FiberStar hingga
                                                Realization of FiberStar homes
                                                                                                       akhir tahun 2025.
                                                passed coverage until the end                          Number of regencies/cities that have been
                                                of 2025.                                               reached by the FiberStar network until the
                                                                                                       end of 2025.




                         4   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 7
                                                                                                         Strength in Challenges
indoritel.co.id                                                                                     Tangguh di Tengah Tantangan




          Indomaret                                                          Sari Roti




                                                                                                                                         Performance Highlights
                                                                                                                                         Ikhtisar Kinerja
        24.000
        Gerai
                                                         +
                                                                        15            Pabrik
                                                                                      Factory


        Outlets
                                                                                 Jumlah Pabrik pada
                  Jumlah toko pada tahun 2025                                    tahun 2025
                  Number of shops in 2025                                        Number of Factory in 2025
        Tersebar secara strategis di Indonesia                          Telah aktif beroperasi per akhir 2025
        per akhir 2025                                                  Have been actively operating by the end
        Strategically distributed outlets in Indonesia                  of 2025
        by the end of 2025




                 FAST


                       683                          Gerai
                                                    Outlets                         7           Gerai
                                                                                                Outlets


                       Tersebar secara strategis                                    Tersebar secara strategis
                       di Indonesia per akhir 2025                                  di Indonesia per akhir 2025
                       Strategically distributed outlets in                         Strategically distributed outlets in
                       Indonesia by the end of 2025                                 Indonesia by the end of 2025




         Pendapatan                                      Laba Entitas Asosiasi                   Laba Tahun Berjalan
         Revenue                                         Associates Profit                       Profit of the Year

Rp
     1.697.182
juta | million
                                               Rp
                                                    1.113.634
                                               juta | million
                                                                                        Rp
                                                                                             1.273.808
                                                                                        juta | million




    18,87%                                         21,82%                                   16,70%


         Jumlah Aset                                     Jumlah Liabilitas                       Jumlah Ekuitas
         Total Assets                                    Total Liabilities                       Total Equity

Rp
     23.700.330
juta | million
                                               Rp
                                                    8.211.386
                                               juta | million
                                                                                        Rp
                                                                                             15.488.944
                                                                                        juta | million




    10,96%                                         15,27%                                   8,80%



Laporan Tahunan 2025 Annual Report                                                           PT Indoritel Makmur Internasional Tbk   5
Page 8
                                                                                                                                                          indoritel.co.id




                             Kinerja Keberlanjutan
                             Sustainability Performance
Performance Highlights
Ikhtisar Kinerja




                                            Ekonomi | Economy [POJK B.1]


                                              Jumlah Pelanggan FiberStar                                               Laba Bersih
                                              Number of FiberStar customers                                            Net Profit



                                   483.455                                                                17,12
                                   Pelanggan | Customer                                                   Persen | Percent
                                   Jumlah pelanggan dan pengguna FiberStar.                               Peningkatan laba bersih yang dapat
                                   Number of FiberStar customers and users.                               diatribusikan kepada pemilik entitas induk.
                                                                                                          The increase in net profit attributable to
                                                                                                          the owner of the pareny entity.




                                            Lingkungan | Environment [POJK B.2]


                                              Pemakaian Listrik                                Bahan Bakar Fosil                             Jumlah Emisi
                                              Electricity Usage                                Fossil fuel                                   Total Emission


                                    27.389,26                                        4.473,81                                     6.323,45
                                    Gjoule | Gjoule                                  Gjoule | Gjoule                              ton CO2-eq | tons CO2-eq
                                    Besaran energi listrik yang terpakai untuk       Pemakaian bahan bakar fosil.                 Jumlah emisi dari konsumsi
                                    kegiatan operasional.                            Fossil fuel usage.                           listrik dan BBM.
                                    The amount of electrical energy used                                                          Total emissions from electricity
                                    for operational activities.                                                                   and fuel consumption.




                                             Sosial | Social [POJK B.3]


                                           Jumlah Karyawan                          Karyawan Perempuan                                 Karyawan yang
                                           Total Employees                          Female Employee                                    Berpartisipasi
                                                                                                                                       dalam Pelatihan
                                                                                                                                       Employees Participating
                                                                                                                                       in Training



                                  682
                                  Orang | People
                                                                             23,46
                                                                             Persentase | Percentage
                                                                                                                            50,73
                                                                                                                            Persentase | Percentage
                                  Jumlah karyawan Perseroan                  Persentase karyawan perempuan terhadap         Terhadap 346 karyawan yang
                                  secara keseluruhan.                        jumlah karyawan secara keseluruhan.            mengikuti pelatihan.
                                  Total number of employees                  Percentage of female employees to total        From total of 346 employees
                                  of the Company.                            number of employees.                           participated in training programs.




                         6   PT Indoritel Makmur Internasional Tbk                                                               Laporan Tahunan 2025 Annual Report
Page 9
                                                                                                           Strength in Challenges
indoritel.co.id                                                                                        Tangguh di Tengah Tantangan




Strategi
Usaha




                                                                                                                                              Performance Highlights
                                                                                                                                              Ikhtisar Kinerja
Business
Strategy




                  Saat ini, bisnis utama Perseroan berfokus pada investasi melalui
                  kepemilikan pada entitas anak PT Mega Akses Persada (“FiberStar”)
                  dan didukung oleh kinerja 3 (tiga) entitas asosiasi, yaitu PT Indomarco
                  Prismatama (“Indomaret”), PT Fast Food Indonesia Tbk (“FAST”), dan
                  PT Nippon Indosari Corpindo Tbk (“ROTI”).

                  Untuk mendorong terciptanya kinerja yang solid dan tumbuh secara
                  berkelanjutan, Perseroan terus berupaya menghadapi berbagai tantangan
                  usaha dengan strategi yang praktikal dan taktis, seperti peningkatan
                  efisiensi, pengembangan kualitas produk dan jasa, optimalisasi
                  produktivitas dan efektivitas kerja, serta ekspansi yang terencana.


                  Currently, the Company’s core business focuses on investments through its ownership in
                  the subsidiary PT Mega Akses Persada (“FiberStar”), supported by the performance of three
                  associates, PT Indomarco Prismatama (“Indomaret”), PT Fast Food Indonesia Tbk (“FAST”), and
                  PT Nippon Indosari Corpindo Tbk (“ROTI”).

                  To drive solid performance and sustainable growth, the Company continues to address
                  various business challenges with practical and tactical strategies, including enhancing
                  efficiency, improving product and service quality, optimizing productivity and operational
                  effectiveness, and executing well-planned expansion initiatives.




Laporan Tahunan 2025 Annual Report                                                                PT Indoritel Makmur Internasional Tbk   7
Page 10
Sebelum pendakian dimulai, setiap
perlengkapan diperiksa dengan saksama;
setiap capaian kinerja pun dicatat sebagai
pijakan bagi langkah berikutnya.
Before the climb begins, all equipment is
thoroughly checked, and each achievement is
recorded as a foundation for future progress.
Page 11
         Ikhtisar
         Kinerja
Performance Highlights




PT Indoritel Makmur Internasional Tbk
 Laporan Tahunan 2025 Annual Report
Page 12
                                                                                                                                                           indoritel.co.id




                              Ikhtisar Keuangan                                                       [POJK C.3]

                              Financial Highlights
Performance Highlights
Ikhtisar Kinerja




                                              Keterangan                       2025            2024          2023                      Descriptions

                               Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
                               Consolidated Statement of Profit or Loss and Other Comprehensive Income
                               Pendapatan dari Kontrak dengan Pelanggan        1.697.182       1.427.731     1.390.105       Revenue from Contracts with Customers
                               Bagian Laba dari Entitas Asosiasi dan           1.113.634        914.150       479.474           Share of Profit of Associates and Joint
                               Ventura Bersama                                                                                                                 Venture
                               Laba Usaha                                      1.405.278       1.166.286      935.185                          Profit from Operations
                               Laba Tahun Berjalan                             1.273.808       1.091.610      786.842                               Profit for the Year
                               Total Penghasilan Komprehensif Tahun            1.323.928       1.162.380      746.258       Total Comprehensive Income for the Year
                               Berjalan
                               Laba Tahun Berjalan yang Dapat Diatribusikan kepada:                                                 Profit for the Year Attributable to:
                               - Pemilik Entitas Induk                         1.255.580       1.072.071      721.040                    - Owners of the Parent Entity
                               - Kepentingan Nonpengendali                        18.228           19.539      65.802                      - Non-controlling Interests
                               Laba Komprehensif Tahun Berjalan yang Dapat Diatribusikan kepada:                   Comprehensive Income for the Year Attributable to:
                               - Pemilik Entitas Induk                         1.305.438       1.144.514      683.377                    - Owners of the Parent Entity
                               - Kepentingan Nonpengendali                        18.490           17.866      62.881                      - Non-controlling interests
                               Laba Per Saham Dasar (Rp penuh)                        88,52         75,58          50,83           Basing Earnings Per Share (full Rp)
                               Laporan Posisi Keuangan Konsolidasian
                               Consolidated Statement of Financial Position
                               Aset Lancar                                     2.546.776       2.999.114     3.527.292                                  Current Assets
                               Aset Tidak Lancar                              21.153.554      18.360.682    17.183.568                             Non-current Assets
                               Investasi pada Entitas Asosiasi dan Ventura    13.498.327      12.421.035    11.570.640     Investment in Associates and Joint Venture
                               Bersama
                               Jumlah Aset                                    23.700.330      21.359.796    20.710.860                                     Total Assets
                               Liabilitas Jangka Pendek                        1.853.471       1.450.853     1.796.207                               Current Liabilities
                               Liabilitas Jangka Panjang                       6.357.915       5.673.007     5.841.097                          Non-current Liabilities
                               Jumlah Liabilitas                               8.211.386       7.123.860     7.637.304                                  Total Liabilities
                               Ekuitas yang Dapat Diatribusikan kepada:                                                                         Equity Attributable to:
                               - Pemilik Entitas Induk                        15.200.749      13.966.231    12.821.717                   - Owners of the Parent Entity
                               - Kepentingan Nonpengendali                       288.195        269.705       251.839                      - Non-controlling interests
                               Rasio-Rasio Keuangan
                               Financial Ratios
                               Rasio Laba bersih terhadap Jumlah Aset                 5,37%          5,11       3,80%                      Net Income to Assets Ratio
                               Rasio Laba bersih terhadap Ekuitas                     8,22%          7,67       6,02%                      Net Income to Equity Ratio
                               Rasio Liabilitas terhadap Ekuitas                 53,01%             50,04      58,42%                        Liabilities to Equity Ratio
                               Rasio Liabilitas terhadap Jumlah Aset             34,65%             33,35      36,88%                        Liabilities to Assets Ratio
                               Rasio Laba Bersih terhadap Pendapatan             75,05%             76,46      56,60%                         Net Income to Revenue
                               Rasio Lancar                                     137,41%            206,71     196,37%                                    Current Ratio




                         10   PT Indoritel Makmur Internasional Tbk                                                              Laporan Tahunan 2025 Annual Report
Page 13
                                                                                                   Strength in Challenges
indoritel.co.id                                                                                Tangguh di Tengah Tantangan




                                                                                                                                     Performance Highlights
                                                                                                                                     Ikhtisar Kinerja
                                                                                    Laba Tahun Berjalan yang
Pendapatan dari Kontrak                                                             Dapat Diatribusikan kepada
dengan Pelanggan                          Laba                                      Pemilik Entitas Induk
Revenue from Contracts                    Usaha                                     Profit for the Year Attributable to
with Customers                            Profit from Operations                    Owners of the Parent Entity
dalam jutaan Rupiah | in million Rupiah   dalam jutaan Rupiah | in million Rupiah   dalam jutaan Rupiah | in million Rupiah


1.390.105     1.427.731     1.697.182      935.185      1.166.286     1.405.278      721.040      1.072.071     1.255.580




 2023             2024       2025          2023          2024          2025          2023          2024          2025




Jumlah                                    Jumlah                                    Jumlah
Aset                                      Liabilitas                                Ekuitas
Total Assets                              Total Liabilities                         Total Equity
dalam jutaan Rupiah | in million Rupiah   dalam jutaan Rupiah | in million Rupiah   dalam jutaan Rupiah | in million Rupiah


20.710.860    21.359.796    23.700.330    7.637.304     7.123.860     8.211.386     13.073.556    14.235.936    15.488.944




 2023             2024       2025          2023          2024          2025          2023          2024          2025




Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk   11
Page 14
                                                                                                                                                                        indoritel.co.id




                              Ikhtisar Saham
                              Stock Overview
Performance Highlights
Ikhtisar Kinerja




                                                                Harga Saham                     Jumlah Saham Beredar
                                                                                                                                                             Kapitalisasi Pasar
                                                                 Stock Price                       (lembar saham)     Volume Perdagangan
                               Triwulan                                                                                                                         (Rp penuh)
                                                                                                  Number of Shares       (lembar saham)
                               Quarterly     Tertinggi (Rp)     Terendah (Rp)   Penutup (Rp)                                                                Market Capitalization
                                                                                                      Outstanding    Trading Volume (shares)
                                              Highest (Rp)       Lowest (Rp)     Closing (Rp)                                                                 (Rp full amount)
                                                                                                       (shares)

                               2025
                               I                  9.200             9.050           9.200            14.184.000.000                   7.600                 130.492.800.000.000
                               II                 9.900             9.375           9.900            14.184.000.000                 12.600                  140.421.600.000.000
                               III                9.350             9.000           9.000            14.184.000.000                 29.100                  127.656.000.000.000
                               IV                 9.075             8.800           9.075            14.184.000.000                 82.900                  128.719.800.000.000
                               2024
                               I                  4.700             4.610           4.700            14.184.000.000                135.000                   66.664.800.000.000
                               II                 4.950             4.890           4.930            14.184.000.000                 15.300                   69.972.120.000.000
                               III                9.175             8.950           9.050            14.184.000.000                 26.200                  128.365.200.000.000
                               IV                 9.050             9.000           9.000            14.184.000.000                   1.500                 127.656.000.000.000




                              GRAFIK KINERJA SAHAM
                              Graph of Share Performance


                                                                                                                                                              Volume Perdagangan
                                                                                                                                                              (lembar saham)
                                      Harga | Price (Rp)                                                                                                      Trading Volume (shares)

                                                10.000                                                                                                        150.000

                                                 8.000                                                                                                        120.000

                                                 6.000                                                                                                        90.000

                                                 4.000                                                                                                        60.000

                                                 2.000                                                                                                        30.000

                                                      0                                                                                                       0
                                                           Q1          Q2           Q3          Q4          Q1            Q2               Q3          Q4
                                                                            2024                                               2025


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




                         12   PT Indoritel Makmur Internasional Tbk                                                                             Laporan Tahunan 2025 Annual Report
Page 15
                                                                                         Strength in Challenges
indoritel.co.id                                                                      Tangguh di Tengah Tantangan




Aksi Korporasi
Corporate Actions




                                                                                                                             Performance Highlights
                                                                                                                             Ikhtisar Kinerja
Sepanjang 2025, Perseroan tidak melakukan aksi           Throughout 2025, the Company did not undertake any
korporasi saham dalam bentuk apapun baik berupa          corporate actions regarding shares, including share
penerbitan saham, pembelian saham kembali,               issuance, share buybacks, stock splits, or dividend
pemecahan saham ataupun pembagian dividen dalam          distributions in the form of shares.
bentuk saham.




Kebijakan Suspensi, Delisting, dan
Relisting Saham
Suspension, Delisting, and Relisting Policy


Sepanjang 2025, tidak terdapat penghentian sementara,    Throughout 2025, there were no temporary
sanksi perdagangan saham, dan/atau penghapusan           suspensions, stock trading sanctions, and/or delistings
pencatatan saham Perseroan dari otoritas terkait.        of the Company’s shares from the relevant authorities.




Informasi tentang Penerbitan
Obligasi, Sukuk, atau Obligasi
Konversi
Information on Bond, Sukuk, or Convertible Bond Issuance


Sepanjang 2025, Perseroan tidak menerbitkan obligasi,    Throughout 2025, the Company did not issue any bonds,
sukuk, atau obligasi konversi, sehingga tidak terdapat   sukuk, or convertible bonds. Therefore, there is no
informasi mengenai jumlah obligasi, sukuk, obligasi      information available regarding the number of bonds,
konversi yang beredar, tingkat bunga/imbalan, tanggal    sukuk, or convertible bonds outstanding, interest rates/
jatuh tempo dan peringkat obligasi/sukuk.                yields, maturity dates, and bond/sukuk ratings.




Laporan Tahunan 2025 Annual Report                                              PT Indoritel Makmur Internasional Tbk   13
Page 16
                                                                                                                                                              indoritel.co.id




                              Peristiwa Penting 2025
                              2025 Event Highlights
Performance Highlights
Ikhtisar Kinerja




                                   FiberStar




                                    Peresmian kantor baru FiberStar di Surabaya guna                  FiberStar meluncurkan RISING‑8, yaitu infrastruktur jaringan
                                    meningkatkan kesiapan operasional serta memperluas                berteknologi terbaru dengan kapasitas besar dan latensi ultra
                                    dukungan layanan di wilayah Jawa Timur.                           rendah untuk mendukung kebutuhan konektivitas yang terus
                                                                                                      meningkat.
                                    Inauguration of FiberStar’s new office in Surabaya to enhance
                                    operational readiness and expand service support in East Java.    FiberStar launched RISING-8, the latest technology network
                                                                                                      infrastructure with high capacity and ultra-low latency to support
                                                                                                      growing connectivity needs




                                   Indomaret




                                    17 Maret 2025                               22 Juli 2025                               11 Desember 2025
                                    Indomaret melakukan penandatanganan         Indomaret melakukan penandatanganan        Say Bread resmi membuka gerai baru
                                    MoU dengan PSSI melalui PT Garuda           Nota Kesepahaman dengan Gerakan            perdananya di Cikajang, Jakarta Selatan,
                                    Sepak Bola Indonesia (GSI) yang menandai    Pemuda (GP) Ansor yang bertujuan           dengan konsep stand alone bakery &
                                    kemitraan Indomaret sebagai Official        untuk mendukung kemandirian dan            café yang menawarkan pengalaman
                                    Modern Retail and Minimarket Partner        pemberdayaan ekonomi pemuda.               menikmati roti dan pastry dengan
                                    Timnas Indonesia.                                                                      suasana yang modern, hangat, dan
                                                                                                                           menyenangkan.

                                    March 17, 2025                              July 22, 2025                              December 11, 2025
                                    Indomaret signed an MoU with the            Indomaret signed a Memorandum of           Say Bread officially opened its first new
                                    Indonesian Football Association (PSSI)      Understanding with the Ansor Youth         store in Cikajang, South Jakarta, a stand-
                                    through PT Garuda Sepak Bola Indonesia      Movement (GP Ansor), which aims to         alone bakery and café concept, offering a
                                    (GSI), marking Indomaret’s partnership as   support youth independence and economic    bread and pastry experience in a modern,
                                    the Official Modern Retail and Minimarket   empowerment.                               warm, and enjoyable atmosphere.
                                    Partner of the Indonesian National Team.




                         14   PT Indoritel Makmur Internasional Tbk                                                                 Laporan Tahunan 2025 Annual Report
Page 17
                                                                                                                    Strength in Challenges
indoritel.co.id                                                                                                Tangguh di Tengah Tantangan




                                                                                                                                                       Performance Highlights
                                                                                                                                                       Ikhtisar Kinerja
      ROTI




        1. Didukung dengan 15 pabrik yang tersebar secara strategis,        1. Supported by 15 strategically located factories, ROTI now has a
           ROTI kini memiliki jaringan distribusi yang kuat dengan             robust distribution network with a total of more than 100,000
           total lebih dari 100.000 titik penjualan pada kanal distribusi      points of sale across modern and traditional distribution
           modern dan tradisional di seluruh Indonesia.                        channels throughout Indonesia.

        2. Pelaksanaan Rapat Umum Pemegang Saham (RUPS) Tahun               2. Implementation of the 2025 General Meeting of Shareholders
           2025                                                                (GMS)
           · RUPST 8 April 2025 menyetujui pemberian dividen                   • The AGMS on April 8, 2025, approved a dividend of Rp450
              sebesar Rp450 miliar atau Rp79,44 per saham.                        billion, or Rp79.44 per share.
           · RUPSLB 18 November 2025 menyetujui rencana                        • The EGMS on November 18, 2025, approved the plan to
              pengalihan saham hasil pembelian kembali melalui                    transfer shares bought back through the 2026-2030 Long-
              Program Insentif Jangka Panjang 2026-2030 kepada                    Term Incentive Program to the Company’s Management
              Manajemen dan/atau Direksi Perseroan.                               and/or Board of Directors.

        3. Pada September 2025, Leafgreen Capital telah melakukan           3. In September 2025, Leafgreen Capital indirectly purchased
           pembelian saham secara tidak langsung atas 1.370.798.546            1,370,798,546 ROTI shares held by Demeter Indo Investment
           saham ROTI yang dimiliki oleh Demeter Indo Investment Pte.          Pte. Ltd., previously owned by Demeter Indo Holdings Pte. Ltd.
           Ltd. yang sebelumnya dimiliki oleh Demeter Indo Holdings
           Pte. Ltd.

        4. ROTI terus berinovasi menghadirkan berbagai variasi              4. ROTI continues to innovate by offering a variety of products to
           produk untuk memenuhi kebutuhan konsumen. Pada tahun                meet consumer needs. In 2025, ROTI introduced several new
           2025, ROTI menghadirkan beberapa varian produk baru                 product variants, including Sari Roti Sandwich Zupper Creamy
           di antaranya Sari Roti Sandwich Zupper Creamy Strawberry,           Strawberry, Sari Kue Waffle, Sari Roti Sandroll Zupper Creamy
           Sari Kue Waffle, Sari Roti Sandroll Zupper Creamy Strawberry,       Strawberry, Sari Roti Coconut Bun, Sari Roti Sweet Cheese Bun,
           Sari Roti Coconut Bun, Sari Roti Sweet Cheese Bun, Sari Kue         Sari Kue Bolu Mini Original, Sari Kue Bolu Strawberry Susu, Sari
           Bolu Mini Original, Sari Kue Bolu Stroberi Susu, Sari Roti          Roti Roti Gandum Kupas, and others.
           Gandum Kupas, dan lain sebagainya.




      FAST

        1. Pada 16 Mei 2025, FAST menyelenggarakan RUPST
           dan RUPSLB yang antara lain menyetujui: (i) rencana
           PMTHMETD, (ii) penjaminan aset Perseroan untuk fasilitas
           kredit perbankan, dan (iii) pengalihan saham Perseroan
           pada anak perusahaan PT Jagonya Ayam Indonesia.

           On May 16, 2025, FAST held an AGMS and EGMS, which
           approved, among other things: (i) the proposed capital
           increase (PMTHMETD), (ii) the guarantee of the Company’s
           assets for bank credit facilities, and (iii) the transfer of
           the Company’s shares to its subsidiary, PT Jagonya Ayam
           Indonesia.

        2. Pada 30 Juni 2025, FAST melakukan transaksi penjualan
           saham pada PT Jagonya Ayam Indonesia kepada
           PT Shankara Fortuna Nusantara dengan nilai transaksi               3. Pada 2 Juni 2025, FAST merealisasikan PMTHMETD melalui
           sebesar Rp54.440.100.000 (lima puluh empat miliar empat               penerbitan 533.333.334 saham senilai Rp80 miliar yang
           ratus empat puluh juta seratus ribu Rupiah), sebagaimana              disetor oleh Pemegang Saham Mayoritas, yaitu PT Gelael
           telah disampaikan pada keterbukaan informasi tanggal 2                Pratama sebesar Rp40 miliar dan PT Indoritel Makmur
           Juli 2025.                                                            Internasional Tbk sebesar Rp40 miliar.

                                                                              	​​On June 2, 2025, FAST realized the PMTHMETD through the
           On June 30, 2025, FAST conducted a share sale transaction
                                                                                 issuance of 533,333,334 shares worth Rp80 billion, paid up
           in PT Jagonya Ayam Indonesia to PT Shankara Fortuna
                                                                                 by the Majority Shareholders, namely PT Gelael Pratama
           Nusantara with a transaction value of Rp54,440,100,000
                                                                                 (Rp40 billion) and PT Indoritel Makmur Internasional Tbk
           (fifty-four billion four hundred forty million one hundred
                                                                                 (Rp40 billion).
           thousand Rupiah), as stated in the information disclosure
           dated July 2, 2025.




Laporan Tahunan 2025 Annual Report                                                                       PT Indoritel Makmur Internasional Tbk    15
Page 18
                                                                                                                                         indoritel.co.id




                              Penghargaan dan Sertifikasi
                              Awards and Certifications
Performance Highlights
Ikhtisar Kinerja




                                                              01                         02




                                                       03                           04               05




                                   FiberStar                                                  Indomaret

                                             Best Helpdesk Fiber Operations 2024                    Market Leader Award dan Franchise
                                     01                                                        03   Marketing Award (IFMA) 2025
                                             26 Februari 2025| February 26, 2025
                                                                                                    8 September 2025 | September 8, 2025
                                             Indosat Ooredoo Hutchison
                                                                                                    Majalahfranchise.com & Asosiasi Franchise
                                                                                                    Indonesia (AFI)
                                             Bandung Investment Summit 2025:
                                     02      “Pelaku Usaha Penanaman Modal
                                             Dalam Negeri (PMDN) dengan Nilai                       “Brand of the Year” kategori National
                                             Investasi Terbesar Tahun 2024”                    04   Convenience Store dalam ajang World
                                             Bandung Investment Summit 2025:                        Branding Awards
                                             “Domestic Direct Investment (PMDN)                     "Brand of the Year" in the National
                                             Business Actors with the Largest                       Convenience Store category at the World
                                             Investment Value in 2024”                              Branding Awards
                                             25 November 2025 | November 25, 2025                   17 November 2025 | November 17, 2025

                                             Pemerintah Kota Bandung                                World Branding Forum
                                             Bandung City Government
                                                                                                    “Outstanding National Franchise for
                                                                                               05   Employment Impact” dan “The Most
                                                                                                    Extensive Network of Outlets” dalam
                                                                                                    ajang International Franchise Week
                                                                                                    2025
                                                                                                    “Outstanding National Franchise for
                                                                                                    Employment Impact” and “The Most
                                                                                                    Extensive Network of Outlets” at the
                                                                                                    International Franchise Week 2025
                                                                                                    31 Oktober 2025| October 31, 2025

                                                                                                    Asosiasi Franchise Indonesia (AFI)




                         16   PT Indoritel Makmur Internasional Tbk                                              Laporan Tahunan 2025 Annual Report
Page 19
                                                                                         Strength in Challenges
indoritel.co.id                                                                      Tangguh di Tengah Tantangan




                                                                                                                            Performance Highlights
                                                                                                                            Ikhtisar Kinerja
                  06                                   04           05




                                          09




      ROTI                                                  FAST

                  Governance Winner Katadata ESG
        06        Awards 2025
                  10 September 2025 | 10 September 2025

                  Katadata                                         Committed Badge - Indeks Integritas
                                                             09    Bisnis Lestari (INSTAR) 2025
                  Top Brand 2025                                   12 Desember 2025 | December 12, 2025
         07                                                        Tempo Data Science bersama Transparency
                  2025
                                                                   International Indonesia (TII) dan Institute for
                  Frontier & Majalah Marketing                     Strategic Initiatives (ISI)
                                                                   Tempo Data Science with Transparency
                                                                   International Indonesia (TII) and the Institute
                  FORTUNE Indonesia Change the World               for Strategic Initiatives (ISI)
        08        2024
                  6 Februari 2025 | February 6, 2025

                  Fortune Indonesia




Laporan Tahunan 2025 Annual Report                                             PT Indoritel Makmur Internasional Tbk   17
Page 20
                                                                                                                                                        indoritel.co.id




                              Sertifikasi
                              Certifications
Performance Highlights
Ikhtisar Kinerja




                                                                    Nama Sertifikasi                                       Pemberi Sertifikasi     Masa Berlaku
                                                                   Certification Name                                        Certifying Body       Validity Period

                               Sistem Manajemen Mutu ISO 9001:2015                                                                NQA               17 Juni 2026
                               ISO 9001:2015 Quality Management System                                                                             June 17, 2026

                               Cakupan | Scope:
                               Menyediakan layanan infrastruktur berbasis serat optik di Indonesia dengan jangkauan
                               nasional
                               Providing fiber-optic infrastructure services in Indonesia with national reach


                               Sistem Manajemen Keamanan Informasi ISO 27001:2022                                                 URS            3 Desember 2028
                               ISO 27001:2022 Information Security Management System                                                             December 3, 2028

                               Cakupan | Scope:
                               Sistem Manajemen Keamanan Informasi (ISMS) untuk penerapan kerangka kerja manajemen
                               keamanan informasi di lingkungan PT Mega Akses Persada (FiberStar) atau atas informasi
                               yang dipercayakan kepada pihak ketiga di luar Perusahaan yang berlokasi di Cyber 2 Tower,
                               yang berkaitan dengan bisnis Perusahaan di bidang layanan infrastruktur berbasis serat
                               optik
                               (Information Security Management System (ISMS) for the Application of the Information
                               Security Management Framework in the Environment of PT Mega Akses Persada (FiberStar)
                               or Information Entrusted to Third Parties Outside the Company's Network in Cyber 2 Tower,
                               in Relation to Company Business of Fiber Optic‑based Infrastructure Services, as per SOA
                               MAP/IS/HRI/LV1/03.1 v1 Agustus 2025)


                               Sistem Manajemen Layanan IT ISO 2000-1:2018                                                        URS            27 November 2026
                               ISO 2000-1:2018 IT Service Management System                                                                      November 27, 2026

                               Cakupan | Scope:
                               Sistem manajemen layanan teknologi informasi untuk kebutuhan internal organisasi yang
                               layanannya tercantum dalam katalog layanan sebagaimana telah dipersiapkan oleh Divisi IT
                               (The Information Technology Service Management System for the Organizational Internal
                               Needs in Which Services Listed in the Service Catalogue, provided by the IT Divisions)


                               Sistem Manajemen Lingkungan ISO 14001:2015                                                        PCMS            20 November 2028
                               ISO 14001:2015 Environmental Management System                                                                    November 20, 2028

                               Cakupan | Scope:
                               Layanan Teknologi Informasi dan Komunikasi (TIK)
                               (Information and Communication Technologies (ICT) Services)


                               Sistem Manajemen Kesehatan dan Keselamatan Kerja ISO 45001:2018                                   PCMS            20 November 2028
                               ISO 45001:2018 Occupational Health and Safety Management System                                                   November 20, 2028

                               Cakupan | Scope:
                               Layanan Teknologi Informasi dan Komunikasi (TIK)
                               (Information and Communication Technologies (ICT) Services)


                               Sistem Manajemen Anti Penyuapan ISO 37001: 2025                                                   PCMS            20 November 2028
                               ISO 37001:2025 Anti-Bribery Management System                                                                     November 20, 2028

                               Cakupan | Scope:
                               Layanan Teknologi Informasi dan Komunikasi (TIK)
                               Information and Communication Technology (ICT) Services




                         18   PT Indoritel Makmur Internasional Tbk                                                              Laporan Tahunan 2025 Annual Report
Page 21
                                                                                                                                                                                                                                                                                                                                          Strength in Challenges
indoritel.co.id                                                                                                                                                                                                                                                                                          Tangguh di Tengah Tantangan




                                                                                                                                                                                                                                                                                                                                                                        Performance Highlights
                                                                                                                                                                                                                                                                                                                                                                        Ikhtisar Kinerja
Jaminan Kualitas Produk FiberStar
FiberStar Product Quality Assurance




                                        This is to certify that the Quality Management System of

                                        PT Mega Akses Persada (FiberStar)
                                        Cyber 2 Tower, 3rd Floor Jl. HR. Rasuna Said Blok X-5 No. 13 Jakarta Selatan 12950

                                        applicable to

                                        Providing fiber optic-based infrastructure service with national
                                        coverage in Indonesia

                                        has been assessed and registered by NQA against the provisions of

                                        BS EN ISO 9001 : 2015
                                        This registration is subject to the company maintaining a quality management system,
                                        to the above standard, which will be monitored by NQA.




                                                                                                                                                Certificate No: 68095
                                                                                                                                                  Issue Date: 17 June 2019
                                                                                                                                                    Reissued: 25 November 2024
                                            Managing Director                                                                                      Valid Until: 17 June 2026
                                                                                                                                                  EAC Code: 31




                                    The use of the UKAS Accreditation Mark indicates accreditation in respect of those activities covered by the accreditation certificate number 015 held by NQA.
                                    NQA is a trading name of NQA Certification Limited, Registration No. 09351758. Registered Office: Warwick House, Houghton Hall Park, Houghton Regis, Dunstable, LU5 5ZX, UK.
                                    This certificate is the property of NQA and must be returned on request.




                      ISO 9001:2015                                                                                                                                                                                            ISO 27001:2022
                  Sistem Manajemen Mutu                                                                                                                                                                            Sistem Manajemen Keamanan Informasi
                   Quality Management System                                                                                                                                                                          Information Security Management System




                                                                                                                                                                                                                                                             This is to certify that The Management Systems of


                                                                                                                                                                                                                                                     PT MEGA AKSES PERSADA
                                                                                                                                                                                                                                                                           Carried out at following site:

                                                                                                                                                                                                                                  GEDUNG CYBER 2 TOWER, 3RD FLOOR JL. HR. RASUNA SAID BLOK X-5 NO. 13,
                                                                                                                                                                                                                                  KUNINGAN TIMUR, SETIABUDI, JAKARTA SELATAN, DKI JAKARTA, INDONESIA

                                                                                                                                                                                                                                        Has been found to conform to the Environmental Management Systems Standard:



                                                                                                                                                                                                                                                          ISO 14001:2015
                                                                                                                                                                                                                                                 This certificate is valid for the following Product or Service ranges:

                                                                                                                                                                                                                                  INFORMATION AND COMMUNICATION TECHNOLOGIES (ICT) SERVICES
                                                                                                                                                                                                                                    Certificate no.                    :        EUAC/EMS/1023-2025
                                                                                                                                                                                                                                    Issued on                          :        21/11/2025
                                                                                                                                                                                                                                    Validity Date                      :        20/11/2028
                                                                                                                                                                                                                                    1st Surveillance Due On            :        21/10/2026
                                                                                                                                                                                                                                    2ND Surveillance Due On            :        21/10/2027

                                                                                                                                                                                                                                    THE VALIDITY OF CERTIFICATE IS SUBJECT TO
                                                                                                                                                                                                                                    REGULAR SURVEILLANCE AUDIT ON OR ABOVE
                                                                                                                                                                                                                                    MENTIONED DATES AND IT’S ONLY VALID AFTER
                                                                                                                                                                                                                                    SUCCESSFUL SURVEILLANCE WITH CONTINUATION
                                                                                                                                                                                                                                    LETTER ISSUED BY PCMS.

                                                                                                                                                                                                                                   TO VERIFY THIS CERTIFICATE STATUS PLEASE VISIT ACCREDITATION BOARD WEBSITE https://europeanaccreditationservices.com/




                      ISO 20000-1:2018                                                                                                                                                                                         ISO 14001:2015
            Sistem Manajemen Layanan                                                                                                                                                                                  Sistem Manajemen Lingkungan
                 Teknologi Informasi                                                                                                                                                                                    Environmental Management System
   Information Technology Service Management System




                                                                                                                                                                                                                                                             This is to certify that The Management Systems of
                                                              This is to certify that The Management Systems of


                                                PT MEGA AKSES PERSADA                                                                                                                                                                            PT MEGA AKSES PERSADA
                                                                                                                                                                                                                                                                           Carried out at following site:
                                                                                       Carried out at following site:
                                                                                                                                                                                                                                  GEDUNG CYBER 2 TOWER, 3RD FLOOR JL. HR. RASUNA SAID BLOK X-5 NO. 13,
                         GEDUNG CYBER 2 TOWER, 3RD FLOOR JL. HR. RASUNA SAID BLOK X-5 NO. 13,                                                                                                                                     KUNINGAN TIMUR, SETIABUDI, JAKARTA SELATAN, DKI JAKARTA, INDONESIA
                         KUNINGAN TIMUR, SETIABUDI, JAKARTA SELATAN, DKI JAKARTA, INDONESIA
                                                                                                                                                                                                                                         Has been found to conform to the Anti-Bribery Management Systems Standard:
                         Has been found to conform to the Occupational Health And Safety Management Systems Standard:



                                                         ISO 45001:2018                                                                                                                                                                                 ISO 37001 : 2025
                                                                                                                                                                                                                                                 This certificate is valid for the following Product or Service ranges:
                                         This certificate is valid for the following Product or Service ranges:
                                                                                                                                                                                                                                    INFORMATION AND COMMUNICATION TECHNOLOGIES (ICT) SERVICES
                        INFORMATION AND COMMUNICATION TECHNOLOGIES (ICT) SERVICES
                                                                                                                                                                                                                                    Certificate no.                   :         EUAC/ABMS/1019-2025
                          Certificate no.                                      :                EUAC/OHS&S/1028-2025                                                                                                                Issued on                         :         21/11/2025
                          Issued on                                            :                21/11/2025                                                                                                                          Validity Date                     :         20/11/2028
                          Validity Date                                        :                20/11/2028                                                                                                                          1st Surveillance Due On           :         21/10/2026
                          1st Surveillance Due On                              :                21/10/2026                                                                                                                          2ND Surveillance Due On           :         21/10/2027
                          2ND Surveillance Due On                              :                21/10/2027
                                                                                                                                                                                                                                    THE VALIDITY OF CERTIFICATE IS SUBJECT TO
                          THE VALIDITY OF CERTIFICATE IS SUBJECT TO                                                                                                                                                                 REGULAR SURVEILLANCE AUDIT ON OR ABOVE
                          REGULAR SURVEILLANCE AUDIT ON OR ABOVE                                                                                                                                                                    MENTIONED DATES AND IT’S ONLY VALID AFTER
                          MENTIONED DATES AND IT’S ONLY VALID AFTER                                                                                                                                                                 SUCCESSFUL SURVEILLANCE WITH CONTINUATION
                          SUCCESSFUL SURVEILLANCE WITH CONTINUATION                                                                                                                                                                 LETTER ISSUED BY PCMS.
                          LETTER ISSUED BY PCMS.
                                                                                                                                                                                                                                     TO VERIFY THIS CERTIFICATE STATUS PLEASE VISIT ACCREDITATION BOARD WEBSITE https://europeanaccreditationservices.com/
                         TO VERIFY THIS CERTIFICATE STATUS PLEASE VISIT ACCREDITATION BOARD WEBSITE https://europeanaccreditationservices.com/




                      ISO 45001:2018                                                                                                                                                                                           ISO 37001:2025
       Sistem Manajemen Kesehatan dan                                                                                                                                                                                Sistem Manajemen Anti Penyuapan
              Keselamatan Kerja                                                                                                                                                                                          Anti-bribery Management System
  Occupational Health and Safety Management System


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Page 22
Dengan pengaman terpasang kokoh, pendaki
memulai langkah dengan arah yang jelas,
dituntun kepemimpinan yang memastikan
perjalanan berlangsung mantap dan terarah.
With safety equipment in place, climbers start
their journey with clear direction, guided by
leadership that ensures steady progress.
Page 23
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Manajemen
    Management Report




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  Laporan Tahunan 2025 Annual Report
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                                                                                                 indoritel.co.id




                    Laporan Dewan Komisaris
                    Board of Commissioners Report
Management Report
Laporan Manajemen




                                                            Djisman
                                                            Simandjuntak
                                                            Presiden Komisaris
                                                            President Commissioner




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indoritel.co.id                                                                           Tangguh di Tengah Tantangan



Dewan Komisaris menilai bahwa Direksi menunjukkan
responsivitas dan adaptabilitas yang baik terhadap berbagai
tantangan dan peluang yang timbul. Berbagai langkah strategis




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yang diambil, termasuk penguatan operasional, optimalisasi
portofolio investasi, pengendalian biaya, dan peningkatan
efisiensi, telah memberikan kontribusi positif secara
keseluruhan terhadap kinerja Perseroan.
We assess that the Board of Directors has responded effectively and adapted well to emerging
challenges and opportunities. All the strategic actions they took, such as strengthening operations,
optimizing the investment portfolio, controlling costs, and improving efficiency, had a positive impact
on the Company’s overall performance.



Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,




Dalam       kesempatan       ini,   perkenankan        kami   On this occasion, allow us to present the results of the
menyampaikan hasil pengawasan yang telah dilakukan            supervision carried out by the Board of Commissioners
Dewan Komisaris sepanjang tahun 2025. Perekonomian            throughout 2025. Indonesia’s economy demonstrated
Indonesia menunjukkan ketahanan yang solid dengan             solid resilience, maintaining growth at 5.11%, supported
pertumbuhan yang tetap terjaga di level 5,11%,                by household consumption as the primary engine of the
didukung oleh konsumsi rumah tangga sebagai motor             economy, relatively controlled inflation, and sustained
utama ekonomi, inflasi yang relatif terkendali, serta         investment activity. This stability provided a positive
aktivitas investasi yang tetap terjaga. Stabilitas tersebut   foundation for the strategic sectors that constitute the
memberikan fondasi yang positif bagi sektor-sektor            Company’s core portfolio, namely the retail industry,
strategis yang menjadi portofolio utama Perseroan,            telecommunications infrastructure, and the food and
yakni industri ritel, infrastruktur telekomunikasi, serta     beverage sector.
makanan dan minuman.

Dalam sektor infrastruktur telekomunikasi, percepatan         In the telecommunications infrastructure sector, the
transformasi digital dan peningkatan kebutuhan                acceleration of digital transformation and the increasing
konektivitas data berkecepatan tinggi menjadi katalis         demand for high-speed data connectivity served as key
utama pertumbuhan. Ekspansi jaringan serat optik,             growth catalysts. The expansion of fiber optic networks,
peningkatan kapasitas transmisi, serta kebutuhan              enhancement of transmission capacity, and the need
konektivitas yang andal memperkuat posisi sektor ini          for reliable connectivity further reinforced the sector’s
sebagai infrastruktur strategis nasional. Permintaan          position as a strategic national infrastructure. The
yang terus meningkat terhadap layanan data                    continuously rising demand for data services offers
memberikan peluang pertumbuhan berkelanjutan bagi             sustainable growth opportunities for industry players
pelaku usaha yang memiliki kapabilitas teknologi dan          with strong technological capabilities and extensive
jaringan yang luas.                                           network coverage.

Pada industri ritel modern, pertumbuhan konsumsi              Within the modern retail industry, growth in domestic
domestik dan mobilitas masyarakat yang terus meningkat        consumption and increasing community mobility
mendorong ekspansi jaringan gerai serta penguatan             have driven the expansion of store networks and
sistem distribusi nasional. Model bisnis ritel berbasis       the strengthening of national distribution systems.
jaringan luas dan kedekatan dengan konsumen semakin           Retail business models with extensive networks and
relevan dalam menjawab kebutuhan masyarakat                   proximity to consumers have become increasingly
yang mengutamakan kemudahan dan aksesibilitas.                relevant for addressing public demand for convenience
Sementara itu, industri makanan dan minuman                   and accessibility. The food and beverage industry also
tetap menunjukkan resiliensi dan pertumbuhan yang             continues to demonstrate resilience and promising



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                    prospektif karena didukung oleh kebutuhan konsumsi          growth, supported by essential consumption needs.
                    dasar masyarakat. Inovasi produk, penguatan merek,          Product innovation, brand strengthening, operational
                    efisiensi operasional, serta pengelolaan rantai pasok       efficiency, and effective supply chain management
                    menjadi faktor penting dalam menjaga daya saing di          remain critical for maintaining competitiveness amid
                    tengah tantangan harga bahan baku dan perubahan             volatile raw material prices and shifting consumer
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                    preferensi konsumen.                                        preferences.



                    PENILAIAN TERHADAP KINERJA DIREKSI                          ASSESSMENT OF THE BOARD                                  OF
                                                                                DIRECTORS’ PERFORMANCE

                    Sepanjang 2025, Dewan Komisaris telah melaksanakan          Throughout 2025, the Board of Commissioners
                    evaluasi dan pengawasan menyeluruh terhadap                 conducted a comprehensive evaluation and oversight
                    kinerja Direksi, dengan mengacu pada Rencana Kerja          of the performance of the Board of Directors, with
                    dan Anggaran Perusahaan (RKAP) serta penetapan              reference to the Company’s Annual Work Plan and
                    target yang telah disepakati bersama pada awal tahun.       Budget (RKAP) and the targets mutually agreed upon
                    Berdasarkan hasil evaluasi tersebut, kami menilai           at the beginning of the year. Based on this evaluation,
                    bahwa Direksi telah menjalankan tugas dan tanggung          we conclude that the Board of Directors has carried out
                    jawabnya secara efektif, profesional, dan penuh kehati-     its duties and responsibilities effectively, professionally,
                    hatian. Direksi mampu mengelola dan mengarahkan             and with due prudence. The Board of Directors has
                    Perseroan dengan baik di tengah ketidakpastian kondisi      successfully managed and steered the Company amid
                    eksternal dan dinamika industri, serta berhasil menjaga     external uncertainties and industry dynamics, while
                    keseimbangan antara pertumbuhan kinerja, penguatan          maintaining a balanced focus on performance growth,
                    struktur keuangan, dan pengelolaan risiko.                  financial structure strengthening, and prudent risk
                                                                                management.

                    Dewan Komisaris juga menilai bahwa Direksi                  We also observe that the Board of Directors
                    menunjukkan responsivitas dan adaptabilitas yang baik       demonstrated strong responsiveness and adaptability
                    terhadap berbagai tantangan dan peluang yang timbul.        in addressing emerging challenges and opportunities.
                    Berbagai langkah strategis yang diambil, termasuk           The strategic measures undertaken include operational
                    penguatan operasional, optimalisasi portofolio investasi,   strengthening, investment portfolio optimization,
                    pengendalian biaya, dan peningkatan efisiensi, telah        cost control, and efficiency enhancement, which
                    memberikan kontribusi positif secara keseluruhan            have contributed positively to the Company’s overall
                    terhadap kinerja Perseroan. Kami juga menilai Direksi       performance. We further acknowledge the Board of
                    mampu menjaga transparansi, meningkatkan kualitas           Directors’ commitment to maintaining transparency,
                    pelaporan, serta memastikan kepatuhan terhadap              improving reporting quality, and ensuring compliance
                    peraturan perundang-undangan yang berlaku secara            with applicable laws and regulations.
                    konsisten.



                    PENGAWASAN TERHADAP PERUMUSAN                               OVERSIGHT OF STRATEGY FORMULATION
                    DAN IMPLEMENTASI STRATEGI                                   AND IMPLEMENTATION

                    Berdasarkan hasil pengawasan kami, Perseroan mampu          Under our supervision, the Company has executed all
                    mengeksekusi seluruh strategi yang direncanakan             planned strategies in a focused and disciplined manner,
                    dengan tepat dan terarah, sehingga mampu                    thereby delivering strong performance across both
                    mencatatkan kinerja yang positif, baik dalam aspek          operational and financial metrics.
                    operasional dan finansial.

                    Pada sektor infrastruktur telekomunikasi, Dewan             In the telecommunications infrastructure sector, the
                    Komisaris menilai bahwa strategi ekspansi dan               Board of Commissioners observes that the expansion
                    penguatan operasional yang dijalankan oleh FiberStar        and operational strengthening strategies implemented
                    telah menunjukkan hasil yang solid. Kami mendukung          by FiberStar have yielded solid results. We fully support
                    peluncuran RISING-8 yang dilakukan FiberStar pada           the launch of RISING-8 in August 2025, a high-capacity
                    Agustus 2025, yaitu infrastruktur jaringan berkapasitas     and ultra-low latency network infrastructure designed
                    besar dan latensi ultra rendah yang dirancang untuk         to address the growing demand for high-speed
                    menjawab kebutuhan konektivitas berkecepatan tinggi.        connectivity.




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Dari sisi portofolio investasi, Dewan Komisaris          Regarding the investment portfolio, the Board of
mengapresiasi kontribusi positif dari entitas asosiasi   Commissioners appreciates the positive contributions
dan ventura bersama. Perseroan mencatat bagian laba      from associated entities and joint ventures—namely
yang berasal dari Indomaret, FAST, dan ROTI sebesar      Indomaret, FAST, and ROTI. The Company recorded a
Rp1.113,63 miliar, meningkat 21,82% dibandingkan         share of profit from these entities of Rp1,113.63 billion.




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Rp914,15 miliar pada tahun 2024. Sejalan dengan          This represents an increase of 21.82% from Rp914.15
itu, laba tahun berjalan yang dapat diatribusikan        billion in 2024. In line with this, profit attributable to
kepada pemilik entitas induk mencapai Rp1,26 triliun,    owners of the parent entity reached Rp1.26 trillion, an
meningkat 17,12% dibandingkan Rp1,07 triliun pada        increase of 17.12% from Rp1.07 trillion the previous
tahun sebelumnya. Dewan Komisaris menilai bahwa          year. The Board of Commissioners considers this
kinerja tersebut mencerminkan penerapan strategi         performance to show the effective implementation
yang relevan dan efektif, sehingga mampu memberikan      of relevant strategies, contributing positively to the
kontribusi yang positif terhadap stabilitas kinerja      Company’s overall stability.
Perseroan.

Dewan Komisaris memandang bahwa Indomaret                The Board of Commissioners further notes that
telah menerapkan strategi-strategi yang tepat dengan     Indomaret has pursued appropriate strategies through
melakukan ekspansi yang terukur serta penguatan          measured expansion and the strengthening of its
infrastruktur dan jaringan distribusi. Kami juga         infrastructure and distribution network. We also support
mendukung upaya FAST untuk terus memperkuat              FAST’s efforts to reinforce its financial structure and
struktur dan fundamental keuangannya melalui             fundamentals through the implementation of a capital
pelaksanaan Penambahan Modal Tanpa Hak Memesan           increase without pre-emptive rights (PMTHMETD). In
Efek Terlebih Dahulu (PMTHMETD). Selain itu, kami        addition, we observe that Sari Roti continues to innovate
juga melihat bahwa Sari Roti terus melakukan inovasi     by launching various new product variants, reflecting
dengan meluncurkan berbagai varian produk baru, yang     its ongoing commitment to sustainable growth and
menandakan upaya berkelanjutan Sari Roti untuk terus     development.
berkembang dan bertumbuh.



PANDANGAN                TERHADAP        PROSPEK         VIEW ON BUSINESS PROSPECTS
USAHA

Meski masih diwarnai dengan berbagai tantangan           Despite ongoing external challenges and shifting
eksternal dan dinamika perubahan perilaku konsumen,      consumer behavior, the Board of Commissioners believes
Dewan Komisaris menilai sektor-sektor yang relevan       that sectors relevant to the Company’s business activities
dengan kegiatan usaha Perseroan masih memiliki           continue to offer favorable and positive prospects in the
prospek usaha yang baik dan positif di tahun-tahun       years ahead, namely telecommunications infrastructure,
mendatang, yaitu sektor infrastruktur telekomunikasi,    retail, and food and beverages. These three sectors
ritel, serta makanan dan minuman. Ketiga sektor          possess strong fundamental characteristics and
tersebut memiliki karakteristik fundamental yang kuat    are supported by domestic consumption growth,
serta didukung oleh pertumbuhan konsumsi domestik,       technological advancements, and evolving lifestyle
perkembangan teknologi, dan evolusi gaya hidup           trends. Accordingly, we observe that all of these sectors
masyarakat. Oleh sebab itu, kami mencermati bahwa        present promising growth opportunities.
seluruh sektor ini memiliki peluang pertumbuhan yang
prospektif.

Transformasi digital, integrasi kanal penjualan          Digital transformation, the integration of online and
daring dan luring (omnichannel), serta peningkatan       offline channels through an omnichannel approach, and
pengalaman pelanggan menjadi faktor penting dalam        the enhancement of customer experience have become
memperkuat daya saing pelaku usaha. Di sisi lain,        essential to sustaining competitive advantage. At the
tantangan persaingan usaha yang semakin ketat,           same time, intensifying competition, shifting consumer
perubahan preferensi konsumen, serta tekanan             preferences, and rising demands for operational
efisiensi operasional menuntut pelaku usaha untuk        efficiency require companies to innovate continuously
terus berinovasi dan adaptif terhadap perubahan pasar.   and remain agile in responding to evolving market
                                                         conditions.




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                    Seiring dengan pertumbuhan kebutuhan konektivitas           In line with the rising demand for high-speed data
                    data berkecepatan tinggi, FiberStar memiliki peluang        connectivity, FiberStar holds significant growth
                    pertumbuhan yang kuat melalui ekspansi dan investasi        potential through continued expansion and strategic
                    strategis. Kami mendukung langkah FiberStar untuk           investment. We support FiberStar’s initiatives to
                    terus memperluas jangkauan wilayahnya guna                  broaden its geographical coverage in order to enhance
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                    meningkatkan kontribusi terhadap kinerja Perseroan.         its contribution to the Company’s overall performance.

                    Didukung jaringan distribusi yang kuat dan kekuatan         Supported by robust distribution networks and strong
                    merek yang telah dikenal luas oleh masyarakat,              brand recognition, Indomaret, KFC, and Sari Roti possess
                    Indomaret, KFC, dan Sari Roti memiliki kapabilitas yang     strong capabilities to further accelerate and sustain their
                    unggul untuk terus meningkatkan dan mendorong               performance growth. By consistently implementing
                    pertumbuhan kinerjanya. Dengan terus menjalankan            operational efficiency strategies, adaptive innovation
                    strategi efisiensi operasional, inovasi dan transformasi    and transformation, as well as effective and productive
                    yang adaptif, serta pengelolaan operasional yang efektif    operational management, we remain confident that
                    dan produktif, kami optimis Indomaret, KFC, dan Sari Roti   Indomaret, KFC, and Sari Roti will be able to achieve
                    dapat meraih kinerja yang baik secara berkelanjutan.        sustainable and solid performance in the years to come.



                    PANDANGAN ATAS PENERAPAN TATA                               VIEW ON THE IMPLEMENTATION OF
                    KELOLA PERUSAHAAN                                           CORPORATE GOVERNANCE

                    Penerapan tata kelola Perseroan senantiasa berakar          The Company’s governance practices are rooted in
                    pada prinsip dasar Tata Kelola Perusahaan yang Baik         the principles of Good Corporate Governance (GCG).
                    (Good Corporate Governance/GCG) dan pilar governansi        Corporate governance serves as a primary pillar in
                    korporat merupakan landasan utama dalam menjaga             safeguarding business sustainability and strengthening
                    kesinambungan usaha dan meningkatkan kepercayaan            stakeholder trust. In our supervisory function, we ensure
                    pemangku kepentingan. Dalam menjalankan fungsi              that the Company conducts its activities in a sound,
                    pengawasan, kami turut memastikan bahwa Perseroan           honest, and integrity-driven manner, in full compliance
                    menjalankan kegiatan usaha yang sehat, jujur, dan           with the law.
                    berintegritas, serta mematuhi peraturan perundang-
                    undangan yang berlaku.

                    Untuk meningkatkan kualitas praktik tata kelola,            To improve governance quality, we provide guidance
                    kami aktif memberikan masukan dan nasihat kepada            and advice to the Board of Directors through periodic
                    Direksi melalui rapat berkala, evaluasi kinerja, serta      meetings, evaluations, and continuous monitoring
                    pemantauan atas implementasi kebijakan strategis.           of strategic policies. We ensure that each strategic
                    Dalam pelaksanaannya, kami memastikan bahwa                 decision is preceded by thorough deliberation, including
                    setiap keputusan strategis yang diambil Direksi melalui     risk analysis and impact assessment for long-term
                    proses pertimbangan yang menyeluruh, termasuk               sustainability. Strengthening internal control systems
                    analisis risiko dan dampaknya terhadap keberlanjutan        and risk management remains a top focus. This ensures
                    usaha. Penguatan sistem pengendalian internal dan           that the Company’s operations are effective and well-
                    manajemen risiko juga menjadi perhatian utama kami          controlled.
                    untuk memastikan operasional Perseroan berjalan
                    secara efektif dan terkendali.

                    Budaya kepatuhan dan integritas juga terus diperkuat        A culture of compliance and integrity has also been
                    di seluruh jenjang organisasi. Sepanjang 2025, kami         reinforced across all levels of the organization.
                    bersyukur bahwa tidak terdapat pelanggaran material         Throughout 2025, we are grateful to report that
                    terhadap peraturan perundang-undangan yang berlaku          there were no material violations of applicable laws
                    dan kode etik Perseroan, serta keterlibatan dalam kasus     and regulations, the Company’s code of ethics, or
                    hukum. Selain itu, Perseroan juga tidak mendapati           involvement in legal cases. Furthermore, the Company
                    adanya kasus korupsi dan/atau gratifikasi yang              recorded no instances of corruption and/or gratuities
                    melibatkan Perseroan, entitas anak, entitas asosiasi,       involving the Company, its subsidiaries, associated
                    dan seluruh karyawan selama periode pelaporan.              entities, or any employees during the reporting period.
                    Hal ini mencerminkan keberhasilan Perseroan dalam           This achievement reflects the Company’s steadfast
                    menjunjung tinggi dan mempertahankan etika bisnis           commitment to upholding and maintaining high
                    yang baik dan berintegritas.                                standards of ethical and principled business conduct.




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APRESIASI                                                 APPRECIATION

Di tengah dinamika tantangan ekonomi dan industri,        Amid dynamic economic and industry challenges,
Direksi telah menjalankan fungsi pengelolaan Perseroan    the Board of Directors has managed the Company
secara profesional dan penuh kehati-hatian. Oleh          professionally and prudently. We extend our sincere




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                                                                                                                          Laporan Manajemen
sebab itu, kami mengucapkan terima kasih kepada           appreciation to the Board of Directors for their
Direksi atas kepemimpinan, kerja keras, dan dedikasi      leadership, hard work, and dedication throughout 2025.
yang telah ditunjukkan sepanjang tahun 2025. Kami         We are also grateful to all shareholders for their trust
juga menyampaikan rasa terima kasih kepada seluruh        and support, as well as to the entire management team
pemegang saham atas kepercayaan dan dukungan              and employees—including those within subsidiaries and
yang terus diberikan kepada Perseroan, serta seluruh      associated entities—for their contributions and loyalty
jajaran manajemen dan karyawan, termasuk di entitas       to the Company’s performance.
anak dan entitas asosiasi, atas kontribusi, loyalitas,
serta komitmen yang konsisten dalam mendukung
pencapaian kinerja Perseroan.

Dengan sinergi yang solid dan semangat kolaborasi         With strong synergy and collaboration, we are optimistic
yang kuat, kami optimis Perseroan mampu menghadapi        that the Company will face all challenges with resilience
segala tantangan dengan tangguh dan persisten             and persistence and grow sustainably in the coming
serta tumbuh secara berkelanjutan di tahun-tahun          years.
mendatang.




                                            Djisman Simandjuntak
                                               Presiden Komisaris
                                             President Commissioner




Laporan Tahunan 2025 Annual Report                                               PT Indoritel Makmur Internasional Tbk   27
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                                                                                               indoritel.co.id




                    Laporan Direksi
                    Board of Directors Report
Management Report
Laporan Manajemen




                                                            Haliman
                                                            Kustedjo
                                                            Presiden Direktur
                                                            President Director




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Di tengah dinamika global yang penuh ketidakpastian,
Perseroan berhasil mencatatkan kinerja yang positif dengan
didukung strategi yang terarah, disiplin, dan adaptif. Sinergi




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yang kuat antara Perseroan, entitas anak, dan entitas asosiasi
menjadi fondasi utama dalam menciptakan nilai tambah
berkelanjutan serta memperkuat posisi bisnis di berbagai
sektor.
Amid a global landscape marked by uncertainty, the Company has achieved positive performance,
supported by a focused, disciplined, and adaptive strategy. Strong synergy among the Company,
its subsidiaries, and its associates serves as the cornerstone for creating sustainable value and
strengthening its business position across various sectors.



Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Shareholders and Stakeholders,




Kami bersyukur Perseroan mampu menutup tahun 2025               We are pleased that the Company concluded 2025 with
dengan pencapaian kinerja konsolidasi yang positif, di          positive consolidated performance results, despite a
tengah dinamika global yang masih diliputi ketidakpastian.      global environment still characterized by uncertainty.
Di tengah tantangan tersebut, perekonomian Indonesia            Against this backdrop, Indonesia’s economy showed
tetap menunjukkan ketahanan dan pertumbuhan yang                notable resilience and steady growth. Data from the
solid. Berdasarkan rilis Badan Pusat Statistik (BPS), ekonomi   Central Bureau of Statistics (BPS) indicates that the
nasional mampu tumbuh kuat sebesar 5,11%, didukung              national economy expanded by 5.11%, supported by
oleh kuatnya permintaan domestik, pertumbuhan investasi         strong domestic demand, healthy investment growth,
yang positif, realisasi belanja pemerintah yang optimal,        efficient government spending, and stable export
serta kinerja ekspor yang terjaga. Konsumsi rumah tangga        performance. Household consumption was the main
menjadi pendorong utama dengan pertumbuhan sebesar              contributor, rising 4.98% over the year.
4,98% sepanjang tahun.

Sementara itu, industri Makanan dan Minuman (Mamin)             The food and beverage industry recorded growth of
tumbuh sebesar 6,38% pada 2025. Hal ini mencerminkan            6.38% in 2025, reflecting sustained consumer purchasing
daya beli masyarakat yang tetap kuat, seiring                   power alongside rising consumption and controlled
meningkatnya konsumsi dan inflasi yang terkendali.              inflation. The information and communication sector also
Sektor Informasi dan Komunikasi juga tumbuh 8,35%               grew by 8.35% during the year, supported by increased
sepanjang tahun, ditopang oleh meningkatnya lalu                data traffic to meet the needs of both consumers and
lintas komunikasi data untuk memenuhi kebutuhan                 businesses, along with continued expansion of internet
masyarakat dan dunia usaha, serta terus meluasnya               penetration across Indonesia.
penetrasi internet di Indonesia.



PERUMUSAN DAN PENERAPAN STRATEGI                                FORMULATION AND IMPLEMENTATION
YANG EFEKTIF                                                    OF EFFECTIVE STRATEGY

Direksi senantiasa menjalankan proses yang terstruktur,         The Board of Directors consistently applies a structured,
disiplin, serta berlandaskan prinsip kehati-hatian              disciplined, and prudent approach in formulating
dalam merumuskan dan mengimplementasikan arah                   and executing the Company’s strategic direction and
kebijakan dan strategi usaha. Dalam setiap pengambilan          business policies. In every decision-making process, the
keputusan,     Direksi   senantiasa    mengedepankan            Board of Directors emphasizes close and collaborative
koordinasi yang erat dan sinergis dengan entitas anak           coordination with subsidiaries and associated entities to
dan entitas asosiasi guna memastikan keselarasan arah,



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                    optimalisasi kinerja, serta penciptaan nilai tambah yang        ensure strategic alignment, optimize performance, and
                    berkelanjutan bagi Perseroan.                                   deliver sustainable value creation for the Company.

                    Melalui pembahasan dan analisis yang terstruktur,               Through rigorous discussion and analysis, the Board of
                    Direksi mempertimbangkan faktor internal dan eksternal          Directors evaluates both internal and external factors
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                    yang memengaruhi usaha Perseroan, termasuk evaluasi             affecting the Company’s operations, including assessing
                    keunggulan, identifikasi perbaikan, pemanfaatan                 strengths, identifying areas for improvement, capturing
                    peluang, serta mengantisipasi potensi tantangan. Dalam          opportunities, and anticipating potential challenges.
                    merumuskan strategi, Direksi memastikan bahwa setiap            In developing its strategies, each initiative is clearly
                    inisiatif memiliki tujuan yang jelas dan spesifik (Specific),   defined (Specific), measurable (Measurable), realistic
                    terukur (Measurable), realistis (Achievable), dan relevan       (Achievable), aligned with the Company’s long-term
                    dengan visi jangka panjang Perseroan (Relevant), serta          vision (Relevant), and supported by a well-defined
                    memiliki kerangka waktu pelaksanaan yang jelas (Time-           implementation timeline (Time-Bound). The Board of
                    Bound). Direksi melakukan fungsi pengawasan melalui             Directors also exercises its oversight function through
                    pemantauan kinerja yang berkesinambungan, disertai              continuous performance monitoring, supported by a
                    proses evaluasi yang sistematis dan adaptif.                    systematic and adaptive evaluation process.



                    FOKUS STRATEGI                    DAN       KEBIJAKAN           COMPANY STRATEGY AND POLICY FOCUS
                    PERSEROAN

                    Melalui FiberStar yang bergerak di bidang infrastruktur         Through       FiberStar,     which    operates      in   the
                    telekomunikasi,      Perseroan     terus     melanjutkan        telecommunications infrastructure sector, the Company
                    komitmennya dalam mendukung pemerataan akses                    continues its commitment to expanding equitable
                    internet di Indonesia. Strategi yang dijalankan berfokus        internet access across Indonesia. The strategy centers
                    pada ekspansi jaringan, serta peningkatan kualitas dan          on network expansion and improving service quality and
                    keandalan layanan. Dari sisi infrastruktur, FiberStar           reliability. On the infrastructure side, FiberStar has added
                    melakukan penambahan jalur back‑up jaringan                     back-up backbone network routes in Sumatra and Java
                    backbone di Sumatra dan Jawa guna memperkuat                    to strengthen redundancy and ensure service continuity.
                    redundansi dan memastikan kesinambungan layanan.                FiberStar has also established strategic partnerships
                    Selain itu, FiberStar juga menjalin sejumlah kerja sama         with property developers, ISPs and telecommunications
                    strategis dengan berbagai pihak seperti pengembang              operators, data centers, government institutions, along
                    properti, ISP & operator telekomunikasi, data center,           with technology vendors and network contractors to
                    pemerintah, serta vendor teknologi dan kontraktor               address evolving customer needs.
                    jaringan untuk mengakomodasi kebutuhan pelanggan
                    yang terus berkembang.

                    Sementara itu, ketiga entitas asosiasi Perseroan                Meanwhile, the three entities affiliated with the
                    beroperasi di sektor makanan dan minuman. Sebagai               Company operate in the food and beverage sector. As
                    salah satu operator jaringan minimarket terbesar di             one of the largest convenience store chains in Indonesia,
                    Indonesia, Indomaret terus memperkuat posisinya                 Indomaret continues to expand its presence through
                    melalui berbagai inisiatif strategis, antara lain               targeted initiatives, including improving operational
                    meningkatkan efisiensi operasional, mengoptimalkan              efficiency, maximizing store performance, introducing
                    kinerja gerai, mengembangkan inovasi produk termasuk            innovative products such as private-label offerings, and
                    private label, serta memperkuat strategi promosi baik           advancing promotional efforts both in-store and across
                    secara offline di gerai maupun online melalui platform          digital and social media channels.
                    digital dan media sosial.

                    Selaku pemegang waralaba dan pengelola jaringan                 As the franchise holder and operator of KFC and Taco
                    restoran cepat saji KFC dan Taco Bell di Indonesia, FAST        Bell quick-service restaurant chains in Indonesia,
                    terus mengoptimalkan portofolio gerai melalui relokasi          FAST continues to optimize its store portfolio through
                    dan penguatan gerai dengan tingkat profitabilitas yang          relocation and by strengthening higher-performing
                    lebih tinggi, guna memastikan utilisasi aset yang optimal       outlets to ensure optimal asset utilization. It also
                    serta melakukan pengendalian dan efisiensi biaya                maintains disciplined cost control and applies a selective
                    secara disiplin dan pengelolaan belanja modal secara            approach to capital expenditure based on strategic
                    selektif berdasarkan prioritas strategis. Secara umum,          priorities. Overall, FAST focuses its strategy on three
                    FAST memfokuskan strateginya pada tiga hal, yaitu               key areas: delivering quality products with competitive
                    produk berkualitas dengan value kompetitif, pelayanan           value, providing excellent service, and offering superior
                    optimal, dan fasilitas gerai unggul untuk meningkatkan          store facilities to enhance the customer experience.
                    pengalaman pelanggan.


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ROTI yang bergerak di industri makanan khususnya            ROTI, which operates in the food industry with a focus
produksi roti dan kue, secara konsisten melakukan inovasi   on bread and cake production, consistently introduced
dan pengembangan varian produk baru sepanjang tahun         new product innovations and variants throughout 2025.
2025. Melalui merek Sari Roti, Sari Kue, dan Sari Choco,    Through its Sari Roti, Sari Kue, and Sari Choco brands,
ROTI menyesuaikan portofolio produknya dengan tren          ROTI aligns its product portfolio with evolving consumer




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dan preferensi konsumen yang terus berkembang, Selain       trends and preferences. In addition, ROTI operates a B2B
itu, ROTI juga menjalankan bisnis B2B yaitu Indosari        business under Indosari Food Solutions, supplying buns,
Food Solutions yang memasok roti bun, pastri, kue, dan      pastries, cakes, and flavorings to quick-service restaurant
flavorings dalam jaringan cepat saji, dan horeka (hotel,    networks and the horeca segment (hotels, restaurants,
restoran, dan kafe). Pendekatan ini semakin memperkuat      and cafés). This approach further strengthens ROTI’s
posisi ROTI di pasar roti mass market nasional.             position in the national mass-market bakery segment.



KINERJA 2025                                                2025 PERFORMANCE

Sinergi yang terjalin antara Perseroan, entitas anak,       The synergy established among the Company, its
dan entitas asosiasi memberikan kontribusi strategis        subsidiaries, and associated entities continues to
dalam penguatan struktur bisnis Perseroan secara            provide strategic contributions to strengthening the
keseluruhan. Pada tahun 2025, Perseroan mencatatkan         overall business structure. In 2025, the Company
pendapatan dari kontrak dengan pelanggan sebesar            recorded revenue from contracts with customers of
Rp1,70 triliun, meningkat 18,87% dari Rp1,43 triliun        Rp1.70 trillion, an increase of 18.87% from Rp1.43 trillion
pada tahun 2024. Laba bersih juga mengalami kenaikan        in 2024. Net profit rose by 16.69% from Rp1.09 trillion in
sebesar 16,69% dari Rp1,09 triliun pada 2024 menjadi        2024 to Rp1.27 trillion in 2025, primarily driven by higher
Rp1,27 triliun pada 2025. Kenaikan ini utamanya             revenue and increased share of profits from associates
didukung oleh peningkatan pada pendapatan serta             and joint ventures.
bagian laba dari entitas asosiasi dan ventura bersama

Dalam hal ini, Perseroan mencatat bagian laba dari          The Company recorded share of profits from associates
entitas asosiasi dan ventura bersama yang berasal           and joint ventures, derived from Indomaret, FAST,
dari Indomaret, FAST, dan ROTI sebesar Rp1,11 triliun,      and ROTI, amounting to Rp1.11 trillion, an increase of
meningkat sebesar 21,82% dari Rp914,15 miliar pada          21.82% from Rp914.15 billion in 2024. In line with this,
tahun 2024. Sejalan dengan itu, laba bersih yang dapat      net profit attributable to owners of the parent entity
diatribusikan kepada pemilik entitas induk mencapai         reached Rp1.26 trillion, up 17.12% from Rp1.07 trillion in
Rp1,26 triliun, meningkat sebesar 17,12% dibandingkan       the previous year, reflecting the positive contribution of
Rp1,07 triliun pada tahun sebelumnya, mencerminkan          the Company’s investment portfolio.
kontribusi positif dari portofolio investasi Perseroan.

Sepanjang 2025, FiberStar berhasil menunjukkan              Throughout 2025, FiberStar delivered solid operational
kinerja operasional yang solid. FiberStar berhasil          performance, achieving 94% of its revenue target
merealisasikan 94% dari target pendapatan yang              set at the beginning of the year. In terms of network
telah ditetapkan pada awal tahun. Dari sisi ekspansi        expansion, FiberStar recorded the rollout of 980,436
jaringan, FiberStar mencatat penggelaran jaringan (new      new homepasses. Geographically, its network reached
homepass) terealisasi sebesar 980.436 unit. Secara          145 cities across 17 provinces, further expanding digital
geografis, jaringan FiberStar telah menjangkau 145 kota     connectivity across Indonesia.
di 17 provinsi, memperluas akses konektivitas digital di
berbagai wilayah Indonesia.

Dalam rangka meningkatkan kapabilitas teknologi             To enhance technological capability and service quality,
dan kualitas layanan, pada Agustus 2025, FiberStar          FiberStar introduced RISING-8 in August 2025, a next-
memperkenalkan RISING-8, infrastruktur jaringan             generation network infrastructure with high capacity and
berteknologi terkini dengan kapasitas besar dan             ultra-low latency designed to meet the growing demand
latensi ultra rendah yang dirancang untuk menjawab          for high-speed connectivity. Operational capabilities
kebutuhan konektivitas berkecepatan tinggi yang terus       were further strengthened through the inauguration of
meningkat. Penguatan operasional juga dilakukan             a new office in Surabaya, aimed at improving operational
melalui peresmian kantor baru di Surabaya, yang             readiness and expanding service support across East
diharapkan dapat meningkatkan kesiapan operasional          Java and surrounding areas.
serta memperluas dukungan layanan di wilayah Jawa
Timur dan sekitarnya.




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                    Daya saing dan kontribusi FiberStar turut memperoleh        FiberStar’s competitiveness and contributions also
                    pengakuan dari pihak eksternal. Pada ajang Bandung          received external recognition. At the Bandung Investment
                    Investment Summit 2025, FiberStar menerima apresiasi        Summit 2025, FiberStar was recognized by the Bandung
                    dari Pemerintah Kota Bandung sebagai Pelaku Usaha           City Government as the Domestic Investment Company
                    Penanaman Modal Dalam Negeri (PMDN) dengan nilai            (PMDN) with the largest investment value in 2024. It
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                    investasi terbesar tahun 2024. Selain itu, FiberStar juga   also received the Best Helpdesk Fiber Operations 2024
                    meraih penghargaan Best Helpdesk Fiber Operations           award from PT Indosat Ooredoo Hutchison Tbk for
                    2024 dari PT Indosat Ooredoo Hutchison Tbk atas             improvements in operational service quality.
                    peningkatan kualitas layanan operasional.

                    Sepanjang 2025, Indomaret terus memperkuat penetrasi        Throughout 2025, Indomaret continued to strengthen
                    pasar dengan menambah 944 gerai baru sehingga total         its market penetration by adding 944 new stores,
                    gerai yang beroperasi mencapai lebih dari 24.000 gerai      bringing the total to more than 24,000 stores across 35
                    yang tersebar di 35 provinsi. Untuk mendukung efisiensi     provinces. To support distribution efficiency and ensure
                    distribusi dan menjaga ketersediaan barang, Indomaret       product availability, Indomaret operated 37 distribution
                    juga mengoperasikan 37 distribution center (DC) yang        centers, enhancing the effectiveness of its national
                    memperkuat efektivitas jalur logistik nasionalnya.          logistics network.

                    Sementara itu, FAST melakukan optimalisasi jaringan         Meanwhile, FAST optimized its store network by adding
                    gerai melalui penambahan 8 (delapan) gerai KFC dan          8 (Eight) KFC outlets and 1 (One) Taco Bell outlet,
                    1 (satu) gerai Taco Bell, menjadikan total gerai KFC        bringing the total number of KFC outlets to 683 and Taco
                    mencapai 683 gerai dan Taco Bell mencapai 7 (tujuh)         Bell outlets to 7 (Seven) by the end of 2025. On June 2,
                    gerai di akhir 2025. Pada 2 Juni 2025, FAST melaksanakan    2025, FAST conducted a capital increase without pre-
                    Penambahan Modal Tanpa Hak Memesan Efek                     emptive rights (PMTHMETD) of 533,333,334 shares at an
                    Terlebih Dahulu (PMTHMETD) sebanyak 533.333.334             exercise price of Rp150 per share. This corporate action
                    saham dengan harga pelaksanaan Rp150 per saham.             was undertaken to strengthen its capital structure and
                    Aksi korporasi ini bertujuan memperkuat struktur            support business sustainability.
                    permodalan guna mendukung keberlanjutan usaha.

                    Hingga akhir 2025, ROTI telah memiliki dan                  By the end of 2025, ROTI owned and operated 15
                    mengoperasikan 15 pabrik yang didukung oleh lebih dari      factories supported by more than 100,000 sales points
                    100.000 titik penjualan di seluruh Indonesia. ROTI juga     across Indonesia. ROTI also launched various new
                    meluncurkan berbagai varian produk baru, antara lain        product variants, including Sari Roti Sandwich Zupper
                    Sari Roti Sandwich Zupper Creamy Strawberry, Sari Kue       Creamy Strawberry, Sari Kue Waffle, Sari Roti Sandroll
                    Waffle, Sari Roti Sandroll Zupper Creamy Strawberry,        Zupper Creamy Strawberry, Sari Roti Coconut Bun, Sari
                    Sari Roti Coconut Bun, Sari Roti Sweet Cheese Bun, Sari     Roti Sweet Cheese Bun, Sari Kue Bolu Mini Original, Sari
                    Kue Bolu Mini Original, Sari Kue Bolu Stroberi Susu, Sari   Kue Bolu Stroberi Susu, Sari Roti Gandum Kupas, and
                    Roti Gandum Kupas, serta berbagai varian Dorayaki           several Dorayaki variants, all of which received positive
                    yang memperoleh respons positif dari konsumen. Selain       responses from consumers. In addition, ROTI advanced
                    itu, salah satu pengembangan bisnis yang dilakukan          its business development through the establishment of
                    ROTI adalah pembentukan PT Javasari Mitra Prima,            PT Javasari Mitra Prima, a subsidiary founded in 2024,
                    entitas anak yang didirikan pada tahun 2024, dan            which now supplies a range of premium bread, cake, and
                    saat ini telah memasok berbagai produk roti, kue, dan       pastry products. This initiative reflects efforts to diversify
                    pastries segmen premium. Langkah ini mencerminkan           the product portfolio while expanding into the premium
                    upaya diversifikasi portofolio produk sekaligus penetrasi   segment as part of its long-term growth strategy.
                    pada segmen premium sebagai bagian dari strategi
                    pertumbuhan jangka panjang.



                    TANTANGAN USAHA                                             BUSINESS CHALLENGES

                    Sepanjang tahun 2025, Perseroan menghadapi                  Throughout 2025, the Company faced economic and
                    dinamika dan gejolak kondisi ekonomi serta industri         industry volatility that affected consumer purchasing
                    yang berdampak pada penurunan daya beli masyarakat          power and shifted consumption patterns. Even so,
                    dan perubahan pola konsumsi. Meskipun demikian, tren        demand volumes began to recover in the early second
                    peningkatan volume permintaan yang mulai terlihat           quarter and continued into the third quarter, creating
                    sejak awal kuartal kedua 2025 dan berlanjut hingga          positive momentum expected to carry through year-
                    kuartal ketiga menjadi momentum positif yang diyakini       end and into the next period. In response, the Company
                    berlanjut hingga akhir tahun dan periode mendatang.         implemented ongoing strategic and operational
                    Dalam menyikapi tantangan tersebut, Perseroan               adjustments to safeguard business continuity, maintain


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secara berkelanjutan melakukan berbagai penyesuaian        performance stability, and preserve competitiveness
strategis dan operasional guna menjaga kesinambungan       across its business lines.
usaha, stabilitas kinerja, serta daya saing di masing-
masing industri.




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Salah satu tantangan yang dihadapi FiberStar adalah        FiberStar faced intensifying competition in the
kompetisi di industri telekomunikasi yang semakin          telecommunications industry, driven by consolidation
intensif seiring meningkatnya konsolidasi melalui          through mergers and acquisitions among major
aksi merger dan akuisisi oleh operator besar, serta        operators and increasingly aggressive price competition.
tekanan persaingan harga yang semakin agresif. Untuk       To address this environment, FiberStar focused on
menghadapi kondisi tersebut, FiberStar memfokuskan         technology development to enhance network quality
strategi    pada     pengembangan    teknologi   guna      and reliability, supported by product innovation and
meningkatkan kualitas dan keandalan jaringan, disertai     diversification. Key initiatives included upgrading Dense
inovasi dan diversifikasi produk seperti melakukan         Wavelength Division Multiplexing (DWDM) to increase
upgrade Dense Wavelength Division Multiplexing             bandwidth capacity, launching bundled offerings
(DWDM) untuk meningkatkan kapasitas bandwidth,             integrated with Starlink connectivity, and partnering with
meluncurkan product bundling dengan konektivitas           digital certification providers to support the connectivity
Starlink, serta bekerja sama dengan perusahaan             market. These efforts were reinforced by improved
sertifikasi digital untuk menunjang pasar konektivitas.    network maintenance supported by managed service
Upaya tersebut diwujudkan melalui peningkatan              vendors, optimization of internal processes through
kualitas pemeliharaan jaringan dengan dukungan             the implementation of an Enterprise Resource Planning
managed service vendor, optimalisasi proses internal       (ERP) system, and strengthened infrastructure reliability
melalui penerapan sistem Enterprise Resource Planning      through additional backbone network redundancy.
(ERP), serta penguatan keandalan infrastruktur melalui
penambahan back-up jaringan backbone.

Di sektor ritel, Indomaret terus berupaya menghadapi       In the retail sector, Indomaret continued to maintain its
persaingan yang semakin intensif dengan melakukan          focus on strengthening competitiveness by continually
perbaikan       operasional    secara    berkelanjutan,    refining operations, enhancing store performance,
pengoptimalan kinerja gerai, perluasan jangkauan gerai,    expanding its network, and developing innovative
serta inovasi produk termasuk pengembangan produk          products, including private-label offerings. Promotional
private label. Selain itu, berbagai strategi promosi       initiatives are also executed innovatively and adaptively
dilakukan secara inovatif dan adaptif guna merespons       to meet shifting market dynamics and evolving consumer
dinamika pasar dan perubahan preferensi konsumen.          preferences.

Salah satu tantangan utama yang dihadapi FAST adalah       FAST faced a decline in sales performance and
penurunan kinerja penjualan dan tingginya tingkat          heightened competition, which placed pressure on
persaingan sehingga menekan pendapatan dan marjin          revenue and operating margins. It also encountered
usaha. Selain itu, FAST juga menghadapi tantangan          challenges in maintaining cost efficiency amid a sales
dalam menjaga efisiensi struktur biaya di tengah kondisi   environment that has yet to fully recover. In response,
penjualan yang belum sepenuhnya pulih. Untuk itu,          FAST implements a careful financial management
FAST menerapkan strategi pengelolaan keuangan              strategy.
secara cermat.

Di sisi lain, ROTI menghadapi tantangan utama berupa       ROTI, on the other hand, faced a primary challenge in the
penurunan daya beli masyarakat yang memengaruhi            form of declining consumer purchasing power, which
permintaan pasar. Kondisi ini menuntut ROTI untuk          affected market demand. This required operational and
melakukan penyesuaian secara operasional dan finansial     financial adjustments to remain responsive to changing
agar tetap adaptif terhadap perubahan situasi pasar.       market conditions.



PROSPEK USAHA                                              BUSINESS OUTLOOK

Direksi mencermati bahwa kinerja industri pada tahun       The Board of Directors notes that industry performance
mendatang berpotensi dipengaruhi oleh kecepatan            in the coming year may be influenced by the pace of
pemulihan permintaan dan daya beli konsumen.               demand recovery and consumer purchasing power.
Meskipun demikian, Direksi tetap memandang prospek         Even so, the Board of Directors remains optimistic about
usaha Perseroan pada tahun 2026 secara optimis.            the Company’s business outlook for 2026.




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                    Prospek usaha FiberStar pada tahun 2026 menunjukkan           FiberStar’s business outlook for 2026 remains
                    potensi yang positif, sejalan dengan tren peningkatan         positive, supported by the growing demand for high-
                    kebutuhan layanan konektivitas berkecepatan tinggi,           speed connectivity, ongoing advancements in digital
                    kemajuan teknologi digital, serta dukungan pemerintah         technology, and government support for accelerating
                    terhadap percepatan transformasi digital nasional.            national digital transformation. With a consistent
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                    Dengan strategi yang konsisten dan komitmen terhadap          strategy and a strong commitment to continuous
                    inovasi berkelanjutan, FiberStar berada pada posisi yang      innovation, FiberStar is well positioned to strengthen its
                    strategis untuk memperkuat perannya sebagai salah satu        role as a fiber optic infrastructure provider in Indonesia.
                    penyedia infrastruktur fiber optik di Indonesia. Di tahun     In the coming year, FiberStar will focus its strategic
                    mendatang, FiberStar akan memfokuskan arah strategis          direction on network expansion and strengthening
                    pada ekspansi jaringan serta penguatan kolaborasi             collaboration with business partners. The addition of new
                    strategis dengan mitra usaha. Penambahan homepass,            homepasses, enhancement of infrastructure quality and
                    peningkatan kualitas dan kapasitas (kemampuan                 network capacity, as well as the development of effective
                    jaringan fiber optik) infrastruktur, serta pengembangan       partnerships, are expected to further strengthen its
                    kemitraan yang efektif diharapkan dapat memperkuat            competitiveness while supporting sustainable business
                    daya saing sekaligus mendukung pertumbuhan usaha              growth.
                    yang berkesinambungan.

                    Indomaret akan terus memperkuat penetrasi pasar               Indomaret will continue to strengthen its market
                    melalui penambahan jumlah gerai, khususnya di                 penetration through the addition of new stores,
                    wilayah-wilayah potensial yang tengah berkembang.             particularly in high-potential and developing areas. At the
                    Indomaret juga terus mencermati tren dan dinamika             same time, Indomaret will closely monitor consumption
                    konsumsi masyarakat dengan melakukan promosi yang             trends and market dynamics by implementing relevant
                    relevan, meningkatkan kualitas layanan dan produk,            promotional strategies, enhancing product and service
                    serta mempererat sinergi dengan para pemasok. Pada            quality, and strengthening collaboration with suppliers. In
                    segmen restoran cepat saji, FAST akan terus menjajaki         the quick-service restaurant segment, FAST will continue
                    peluang perluasan portofolio gerai secara selektif dan        to explore opportunities to expand its store portfolio
                    terukur di lokasi-lokasi yang potensial dan strategis serta   in a selective and measured manner across strategic
                    memprioritaskan konsolidasi internal guna mendukung           locations, while prioritizing internal consolidation efforts
                    keberlangsungan usaha secara jangka panjang.                  to support long-term business sustainability

                    Pada tahun 2026, ROTI akan terus berupaya                     In 2026, ROTI will continue its efforts to maintain its
                    mempertahankan posisi market leader dengan                    market leadership by focusing on flagship products and
                    mengedepankan produk unggulan serta inovasi                   innovations aligned with the needs and preferences of
                    produk yang sesuai dengan kebutuhan dan permintaan            Indonesian consumers, while expanding distribution
                    konsumen Indonesia, memperluas sebaran distribusi             coverage and market penetration, particularly in
                    serta penetrasi pasar khususnya wilayah barat dan             western and eastern regions. ROTI continues to
                    timur. ROTI senantiasa mengembangkan bisnisnya                develop its business under the “Growth Beyond Bread”
                    dengan prinsip “Growth Beyond Bread” atau tumbuh              principle, supported by the development of six business
                    melampaui bisnis roti, didukung pengembangan 6                units consisting of Sari Roti, Sari Kue, Sari Choco, B2B,
                    (enam) unit usaha yang terdiri dari Sari Roti, Sari Kue,      Distribution, and Retail, to strengthen its competitive
                    Sari Choco, Bisnis B2B, Distribusi, dan Ritel untuk           advantage and ensure sustainable growth in the future.
                    meningkatkan keunggulan Perseroan dan memastikan
                    pertumbuhan usaha yang berkelanjutan di masa depan.



                    PENERAPAN TATA KELOLA PERUSAHAAN                              IMPLEMENTATION OF GOOD CORPORATE
                    YANG BAIK                                                     GOVERNANCE

                    Perseroan senantiasa menegaskan komitmennya                   The Company demonstrates its commitment to fully and
                    dalam menerapkan prinsip GCG secara komprehensif              consistently applying the principles of GCG across every
                    dan konsisten di seluruh lini organisasi. Komitmen            level of the organization. This commitment is reflected
                    tersebut diwujudkan melalui pelaksanaan fungsi,               in the professional and independent performance
                    tugas, dan tanggung jawab setiap organ tata kelola            of the functions, duties, and responsibilities of each
                    secara profesional, independen, serta sesuai dengan           governance body, conducted in strict accordance with
                    ketentuan peraturan perundang-undangan yang                   applicable laws and regulations. GCG is viewed not
                    berlaku. Penerapan GCG tidak hanya dipandang sebagai          simply as a regulatory requirement but as a foundation
                    kewajiban kepatuhan, tetapi sebagai fondasi utama             for ensuring business sustainability and strengthening
                    dalam menjaga keberlanjutan usaha dan meningkatkan            the confidence of all stakeholders.
                    kepercayaan para pemangku kepentingan.


              34    PT Indoritel Makmur Internasional Tbk                                                   Laporan Tahunan 2025 Annual Report
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Sepanjang tahun 2025, Direksi memastikan bahwa               Throughout 2025, the Board of Directors ensured that
seluruh aktivitas usaha Perseroan dilaksanakan dengan        all business activities were conducted in compliance with
mematuhi peraturan perundang-undangan yang                   prevailing laws and regulations. Regular evaluations and
berlaku. Evaluasi dan pengawasan dilakukan secara            oversight were carried out to ensure the effectiveness of
berkala untuk memastikan efektivitas kebijakan dan           established policies and procedures. This commitment




                                                                                                                              Management Report
                                                                                                                              Laporan Manajemen
prosedur yang telah ditetapkan. Komitmen terhadap            to high-quality governance was also consistently applied
tata kelola yang berkualitas ini juga diterapkan secara      across subsidiaries and aligned with governance
konsisten di entitas anak serta sejalan dengan praktik       practices implemented by the Company’s associated
tata kelola yang dijalankan oleh entitas asosiasi            entities.
Perseroan.

Kami dengan bangga melaporkan bahwa sepanjang                We are pleased to report that throughout 2025, the
tahun 2025 tidak terdapat kasus hukum yang                   Company and its management were not involved
melibatkan Perseroan maupun manajemen. Selain itu,           in any legal cases. There were also no incidents of
tidak terdapat kasus korupsi, gratifikasi, pelanggaran       corruption, bribery, breaches of the Company’s Code
Kode Etik Perseroan, maupun pelaporan pelanggaran            of Ethics, or whistleblower reports across the Company
(whistleblowing) di lingkungan Perseroan dan entitas         and its subsidiaries. This outcome demonstrates the
anak. Hal ini mencerminkan efektivitas penerapan             effectiveness of the governance system, the resilience of
sistem tata kelola, budaya integritas, serta komitmen        the integrity culture, and the steadfast commitment of
seluruh insan Perseroan dalam menjaga standar etika          all Company personnel to uphold the highest standards
dan kepatuhan yang tinggi.                                   of ethics and compliance.



APRESIASI                                                    APPRECIATION

Kami menyampaikan terima kasih yang sebesar-besarnya         We extend our sincere gratitude to all shareholders
kepada seluruh pemegang saham atas kepercayaan               for their continued trust and support in the Company.
dan dukungan yang terus diberikan kepada Perseroan.          We also express our highest appreciation to the Board
Apresiasi yang setinggi-tingginya juga kami sampaikan        of Commissioners for their guidance, oversight, and
kepada Dewan Komisaris atas arahan, pengawasan, dan          strategic recommendations throughout 2025, which
rekomendasi strategis sepanjang tahun 2025, yang telah       have ensured that the Company is managed prudently
memastikan pengelolaan Perseroan berjalan secara             and in alignment with GCG principles.
prudent dan selaras dengan prinsip GCG.

Secara khusus, kami menyampaikan apresiasi kepada            We specifically express our gratitude to all employees
seluruh karyawan Perseroan, termasuk di entitas anak         of the Company, including those in subsidiaries and
dan entitas asosiasi, atas dedikasi, profesionalisme, dan    associated entities, for their dedication, professionalism,
komitmen yang ditunjukkan sehingga Perseroan mampu           and commitment, which have contributed to the
mencatatkan kinerja yang positif. Kami meyakini bahwa        Company’s strong performance. We are confident
kolaborasi yang harmonis dengan seluruh pemangku             that continued collaboration with all stakeholders will
kepentingan akan semakin memperkuat daya saing               enhance competitiveness and support sustainable
dan mendorong pertumbuhan berkelanjutan di masa              growth in the years ahead.
mendatang.




                                                 Haliman Kustedjo
                                                  Presiden Direktur
                                                  President Director




Laporan Tahunan 2025 Annual Report                                                   PT Indoritel Makmur Internasional Tbk   35
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                                                                                                                                               indoritel.co.id




                    Surat Pernyataan Anggota Dewan
                    Komisaris dan Direksi tentang
                    Tanggung Jawab atas Laporan
Management Report
Laporan Manajemen




                    Tahunan 2025
                    Statement from the Board of Commissioners and the Board of
                    Directors on Their Responsibility for the 2025 Annual Report

                    Kami, yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan
                    Tahunan PT Indoritel Makmur Internasional Tbk tahun 2025 telah dimuat secara lengkap dan
                    bertanggung jawab penuh atas kebenaran isi Laporan Tahunan Perseroan.

                    Demikian pernyataan ini dibuat dengan sebenarnya.

                    Jakarta, April 2026




                                                                       DEWAN KOMISARIS
                                                                     Board of Commissioners




                                                                        Djisman Simandjuntak
                                                                             Presiden Komisaris
                                                                           President Commissioner




                                                     Soedarsono                                    Ferry Noviar Yosaputra
                                                        Komisaris                                             Komisaris
                                                      Commissioner                                          Commissioner




                    Janimiranti Inggawati                                  Adi Pranoto Leman                                          Dr. Timotius
                      Komisaris Independen                                 Komisaris Independen                                   Komisaris Independen
                    Independent Commissioner                             Independent Commissioner                               Independent Commissioner




                    PT Indoritel Makmur Internasional Tbk
                    Kantor Pusat: Wisma Indocement Lt. 10 Jl. Jenderal Sudirman Kav. 70-71 Jakarta 12910
                    Tel. +62 21 2941 0709 Fax. +62 21 2941 0701 E-mail: corporatesecretary@indoritel.co.id, Website: www.indoritel.co.id



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                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
We, the undersigned, hereby declare that all information contained in this PT Indoritel
Makmur Internasional Tbk 2025 Annual Report is complete. We bear full responsibility for the
accuracy of this Company Annual Report.

This statement was duly prepared.

Jakarta, April 2026




                                                           DIREKSI
                                                       Board of Directors




                                                        Haliman Kustedjo
                                                            Presiden Direktur
                                                            President Director




                                                         Christian Rahardi
                                                                 Direktur
                                                                 Director




                  Kiki Yanto Gunawan                                                    Harjono Wreksoremboko
                            Direktur                                                                  Direktur
                            Director                                                                  Director




PT Indoritel Makmur Internasional Tbk
Head Office: Wisma Indocement Lt. 10 Jl. Jenderal Sudirman Kav. 70-71 Jakarta 12910
Tel. +62 21 2941 0709 Fax. +62 21 2941 0701 E-mail: corporatesecretary@indoritel.co.id, Website: www.indoritel.co.id



Laporan Tahunan 2025 Annual Report                                                                   PT Indoritel Makmur Internasional Tbk   37
Page 40
Memahami karakter medan menjadi bekal
utama sebelum menanjak lebih tinggi,
sebagaimana perusahaan bertumpu pada
identitas dan fondasi yang kuat.
Understanding the terrain is essential before
climbing, just as a company depends on a
strong identity and foundation.
Page 41
      Profil
Perusahaan
            Company Profile




  PT Indoritel Makmur Internasional Tbk
   Laporan Tahunan 2025 Annual Report
Page 42
                                                                                                                            indoritel.co.id




                    Identitas Perusahaan
                    Corporate Identity
Company Profile
Profil Perusahaan




                                     Nama Perusahaan
                                     Company Name



                                     PT Indoritel Makmur Internasional Tbk


                                     Nama Sebutan                                      Kode Saham
                                     Short Name                                        Ticker Code

                                     Indoritel                                         DNET


                                     Tanggal Pendirian                                 Bidang Usaha
                                     Date of Establishment                             Company Name

                                                                                       Investasi, Perdagangan Umum, Keagenan, dan
                                     16 November 1995, beroperasi secara               Perwakilan
                                     komersial sejak 1996                               Investment, General Trading, Agency, and
                                                                                       Representation
                                     November 1995 ,16, commercially operating since
                                     1996


                                     Modal Ditempatkan                                 Modal Dasar
                                     dan Disetor Penuh                                 Authorized Capital
                                     Issued and Fully
                                     Paid Capital
                                                                                       Rp10.000.000.000.000
                                     Rp3.546.000.000.000




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                                                                                                                                         Company Profile
                                                                                                                                         Profil Perusahaan
 Pencatatan Saham di Bursa                                    Alamat Kantor Pusat [POJK C.2]
 Efek Indonesia (BEI)                                         Address of Head Office
 Listing of Shares on the
 Indonesia Stock Exchange                                     Gedung Wisma Indocement Lt. 10
 (IDX)
                                                              Jl. Jendral Sudirman Kav. 71-70
                                                              Jakarta Selatan 12910, Indonesia
 21 November 2000
 November 21, 2000

                                                              Kontak | Contacts
 Dasar Hukum Pendirian
 Legal Basis of Establishment
                                                              +62 21 2941 0709
                                                              +62 21 2941 0701
 Akta Notaris Pertiwi Enny Singgih S.H., No.107
                                                              www.indoritel.co.id
 tanggal 16 November 1995
                                                              corporatesecretary@indoritel.co.id
 Notarial Deed of Pertiwi Enny Singgih S.H., No. 107
 dated November 1995 ,16


 Komposisi Pemegang Saham
 Shareholders Composition




                                            Hannawell Group Limited                      (39,35%)

                  Saham                     Anthoni Salim                                (25,30%)
                  Shares                    PT Megah Eraraharja                          (20,13%)
                                            Masyarakat (kepemilikan masing-masing <5%)   (15,22%)
                                            Public (respective ownership of <5%)




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                    Tentang Perusahaan
                    About the Company
Company Profile
Profil Perusahaan




                    Sinergi yang terjalin antara Perseroan, entitas anak, dan entitas
                    asosiasi memberikan kontribusi strategis dalam penguatan
                    struktur bisnis Perseroan secara keseluruhan.

                    The synergy between the Company, its subsidiaries, and associated entities contributes
                    strategically to strengthening the Company’s overall business structure.




                    PT Indoritel Makmur Internasional Tbk (“Perseroan”)        PT Indoritel Makmur Internasional Tbk (the “Company”)
                    merupakan perusahaan investasi yang berbasis di            is an Indonesia-based investment company with a
                    Indonesia, dengan ruang lingkup usaha mencakup             business scope encompassing general trading, agency,
                    perdagangan umum, keagenan, dan perwakilan.                and representative services. The Company began its
                    Perseroan memulai perjalanan bisnisnya pada 16             business journey on November 16, 1995, under the
                    November 1995 dengan nama PT Dyviacom Intrabumi            name PT Dyviacom Intrabumi (“Dyviacom”), focusing as
                    (“Dyviacom”), dan saat itu berfokus sebagai penyedia       an Internet Service Provider (ISP) in Indonesia. A year
                    layanan Internet Service Provider (ISP) di Indonesia.      later, Dyviacom officially became a prominent ISP player
                    Setahun setelahnya, Dyviacom resmi menjadi salah satu      under the trademark “DNET.”
                    pemain ISP dengan merk dagang “DNET.”

                    Memasuki tahun 1998, Perseroan memperluas lini             In 1998, the Company expanded its business lines by
                    usahanya melalui pembentukan divisi “Dyviacom IT           forming the “Dyviacom IT Solution” division. This division
                    Solution.” Divisi ini menawarkan berbagai layanan          offered various technology services, ranging from
                    teknologi, mulai dari pengembangan perangkat dan           device development and network creation, computer
                    pembangunan jaringan, instalasi komputer beserta           installation and supporting devices, to providing
                    perangkat pendukungnya, hingga penyediaan solusi           information system solutions, network security,
                    sistem informasi, keamanan jaringan, domain,               domains, web design, and programming. This step
                    perancangan situs web, serta pemrograman. Langkah          served as an important foundation in strengthening the
                    ini menjadi fondasi penting dalam memperkuat               Company’s technical competence in its early years.
                    kompetensi teknis perusahaan pada masa awal.

                    Pada      21    November      2000,     Perseroan  resmi   On November 21, 2000, the Company completed its
                    melangsungkan Penawaran Umum Perdana Saham                 Initial Public Offering (“IPO”) on the Indonesia Stock
                    (Initial Public Offering/”IPO”) di BEI dengan melepaskan   Exchange (“IDX”), offering 64 million shares at Rp250
                    64 juta lembar saham senilai Rp250 per lembar saham.       per share. Upon listing, the Company was formally
                    Perseroan dikenal sebagai PT Dyviacom Intrabumi Tbk        registered as PT Dyviacom Intrabumi Tbk under the
                    dengan kode saham DNET.                                    stock code DNET.




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Guna mendorong pertumbuhan bisnis, pada 24 Mei                To drive business growth, on May 24, 2013, the Company
2013, Perseroan melakukan penambahan modal                    strengthened its capital structure by conducting Limited
dengan melaksanakan Penawaran Umum Terbatas I                 Public Offering I (“LPO I”) through a Pre-emptive Rights
(“PUT I”) melalui penerbitan Hak Memesan Efek Terlebih        (“HMETD”) issuance of 14 billion shares. This corporate
Dahulu (“HMETD”) sebanyak 14 miliar lembar saham.             action successfully generated proceeds of Rp7 trillion
Aksi korporasi ini berhasil menghasilkan dana sebesar         (equivalent to USD 705 million). The proceeds were
Rp7 triliun atau setara USD 705 juta. Dana tersebut           allocated for acquiring shares in several companies
dialokasikan untuk mengakuisisi saham di sejumlah             operating in the retail, fast food restaurant, and food




                                                                                                                               Company Profile
                                                                                                                               Profil Perusahaan
perusahaan yang bergerak di sektor ritel, restoran cepat      sectors. Through this corporate action, the Company
saji, dan makanan. Melalui aksi korporasi ini, Perseroan      now holds stakes in three main associates: PT Indomarco
kini memiliki 3 (tiga) entitas asosiasi utama: PT Indomarco   Prismatama (“Indomaret”), PT Nippon Indosari Corpindo
Prismatama (“Indomaret”), PT Nippon Indosari Corpindo         Tbk (“ROTI”), and PT Fastfood Indonesia Tbk (“FAST”).
Tbk (“ROTI”), dan PT Fastfood Indonesia Tbk (“FAST”).

Kehadiran ketiga entitas asosiasi tersebut memampukan         The presence of these three associates enabled the
Perseroan untuk melakukan diversifikasi usaha                 Company to significantly diversify its business and evolve
secara signifikan dan berevolusi dari perusahaan              from a technology services company into a holding
jasa teknologi menjadi perusahaan induk (holding              company encompassing retail, fast food restaurant, and
company) yang membawahi bisnis ritel, restoran                food businesses. This strategic transformation also led
cepat saji, dan makanan. Transformasi strategis               to the name change from PT Dyviacom Intrabumi Tbk to
ini sekaligus mendorong perubahan nama dari PT                PT Indoritel Makmur Internasional Tbk, reflecting its new
Dyviacom Intrabumi Tbk menjadi PT Indoritel Makmur            business direction and focus following the rights issue.
Internasional Tbk, sebagai penegasan arah dan fokus
bisnis baru pasca right issue.

Untuk memperkuat penanaman modal di sektor                    In 2015, the Company strengthened its investment in
jaringan serat optik, pada 2015, Perseroan melakukan          the fiber optic network sector by establishing PT Mega
investasi pada PT Mega Akses Persada (“FiberStar”)            Akses Persada (“FiberStar”) as a subsidiary focused
sebagai entitas anak yang berfokus pada pengembangan          on the development of fiber optic networks across
jaringan serat optik di seluruh Indonesia. Sinergi yang       Indonesia. Synergies between the subsidiary and the
terjalin antara entitas anak dan entitas asosiasi menjadi     Company’s associates represent a key pillar in enhancing
salah satu pilar utama Perseroan dalam meningkatkan           operational efficiency and productivity, while supporting
efisiensi dan produktivitas, sekaligus mendorong              accelerated performance growth through the adoption
percepatan pertumbuhan kinerja melalui penerapan              of more strategic and sustainable operating practices.
langkah-langkah operasional yang lebih strategis dan
berkesinambungan.




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                                                                                                                                    indoritel.co.id




                    Jejak Langkah
                    Milestones
Company Profile
Profil Perusahaan




                                                                                  Perseroan melakukan PUT I melalui penerbitan HMETD.
                                                                                 Pasca aksi korporasi ini, Perseroan resmi berganti nama
                                                                                            menjadi PT Indoritel Makmur Internasional Tbk.
                                                                                    The Company conducted Limited Public Offering I (LPO
                                                                                     I) through the issuance of Pre-emptive Rights (HMETD).
                                                                                       Following this corporate action, the Company officially
                                                                                changed its name to PT Indoritel Makmur Internasional Tbk.




                                                                                                     Perseroan diakuisisi oleh
                                                                                                     PT Philadel Terra Lestari
                                                                                                     untuk melanjutkan kegiatan
                                                                                                     usaha di bidang teknologi
                                                                                                     informasi.
                                                                                                     PT Philadel Terra Lestari
                                                              Perseroan resmi berstatus              acquired the Company to
                                                              sebagai perusahaan publik              continue its business activities
                                                              setelah sukses melaksanakan            in the field of information
                               Dyviacom resmi didirikan       IPO.                                   technology.
                               pada 16 November 1995          The Company officially became
                               sebagai penanda awal           a public company after
                               perjalanan bisnis Perseroan.   successfully conducting its
                               Dyviacom was officially        Initial Public Offering (IPO).
                               established on November 16,
                               1995, marking the beginning                                                                                  2013
                               of the Company’s business
                               journey.




                                                                                            2007

                      1995                                  2000




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                                                                    Perseroan berpartisipasi dalam instrumen
                                                                    obligasi ‘Patriot Bond’ yang diterbitkan
                                                                    oleh BPI Danantara sebagai bagian dari
    Perseroan berinvestasi di salah satu perusahaan                 dukungan terhadap pembiayaan negara.
    pengembang jaringan serat optik yaitu FiberStar untuk           Partisipasi ini bertujuan untuk mendukung
    menjalankan kegiatan usaha Perseroan di bidang                  inisiatif pemerintah untuk mendanai
    penyediaan infrastruktur komunikasi.                            proyek-proyek strategis nasional, termasuk




                                                                                                                           Company Profile
                                                                                                                           Profil Perusahaan
    The Company invested in a fiber optic network development       pembangunan infrastruktur dan program
    company, FiberStar, to conduct the Company’s business           pembangunan lainnya.
    activities in providing communication infrastructure.           The Company participated in the ‘Patriot Bond’
                                                                    issued by BPI Danantara, demonstrating its
                                                                    commitment to supporting national financing
                                                                    initiatives. This investment aligns with
                          FiberStar berhasil menggelar kabel        government efforts to fund strategic national
                          serat optik sepanjang 50.607 km           projects, including infrastructure development
                          dengan pencapaian sebesar 2.335.061       and other key development programs.
                          home passed yang tersebar di 141 kota
                          di seluruh Indonesia.
                          FiberStar has succeeded in deploying
                          50,607 km of optical cable with an


                                                                                  2025
                          achievement of 2,335,061 homes passed.
                          This cable rollout is spread across 141
                          cities throughout Indonesia.




                   2024



2015




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                                                                                                                         indoritel.co.id




                    Visi, Misi, dan Budaya
                    Perusahaan                                [POJK C.1]

                    Vision, Mission, and Corporate Culture
Company Profile
Profil Perusahaan




                                                            VISI Vision


                                                            Menjadi perusahaan yang berorientasi
                                                            pada konsumen di Indonesia.
                                                            To become a consumer-oriented company in Indonesia.




                                                            MISI Mission


                                                            • Mengembangkan portofolio perusahaan
                                                              konsumen yang dikelola dengan baik dan
                                                              tumbuh dengan cepat.
                                                            • Mengembangkan bisnis e-commerce
                                                              terkemuka di Indonesia.

                                                            • Develop a portfolio of well-managed and fast-growing
                                                              consumer companies.
                                                            • Develop a leading e-commerce business in Indonesia.




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                  Tata Nilai dan Budaya Perusahaan




                                                                                                                     Company Profile
                                                                                                                     Profil Perusahaan
                  Corporate Value and Culture




Perseroan terus menumbuhkembangkan nilai-nilai
konstruktif dan positif di seluruh elemen organisasi, serta
mendorong setiap anggota Perusahaan untuk bekerja
secara profesional dan berlandaskan integritas. Setiap
karyawan diharapkan menjunjung tinggi kejujuran, memiliki
semangat berkarya, serta memiliki motivasi kuat untuk terus
mengembangkan diri.

Selain itu, Perseroan juga menekankan pentingnya nilai
kemanusiaan, kebaikan, dan keadilan dalam setiap interaksi,
baik di lingkungan internal maupun eksternal. Nilai-nilai
tersebut terus dipupuk dan dikembangkan secara konsisten
agar tumbuh menjadi budaya perusahaan yang kuat dan
berkelanjutan. Dengan fondasi budaya yang demikian,
Perseroan berkomitmen membangun reputasi positif sebagai
perusahaan yang dapat dipercaya dan dihormati.

The Company continues to nurture and develop constructive and positive values
throughout all elements of the organization, while encouraging every member of the
Company to work professionally and with integrity. Every employee is expected to uphold
honesty, demonstrate a strong work ethic, and maintain high motivation for continuous
self-development.


Furthermore, the Company emphasizes the importance of humanity, kindness, and
fairness in every interaction, both internally and externally. These values are consistently
fostered and developed to grow into a strong and sustainable corporate culture. With
such a cultural foundation, the Company is committed to building a positive reputation as
a trusted and respected organization.




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                    Bidang Usaha                                   [POJK C.4]

                    Line of Business
Company Profile
Profil Perusahaan




                    KEGIATAN USAHA SESUAI ANGGARAN                              BUSINESS ACTIVITIES IN ACCORDANCE
                    DASAR TERAKHIR                                              WITH   THE   LATEST   ARTICLES OF
                                                                                ASSOCIATION

                    Sebagaimana termaktub dalam Anggaran Dasar                  As stated in the Company’s Articles of Association No.
                    Perusahaan No. 36, maksud dan tujuan Perseroan              36, the purpose and objectives of the Company are to
                    adalah menjalankan usaha dalam bidang investasi,            carry out business in the fields of investment, general
                    perdagangan umum, keagenan dan perwakilan. Untuk            trading, agency, and representation. To achieve the
                    mencapai maksud dan tujuan tersebut di atas, Perseroan      aforementioned purpose and objectives, the Company
                    melakukan kegiatan usaha utama dan kegiatan usaha           carries out main business activities and supporting
                    penunjang yang mendukung kegiatan usaha utama               business activities that support the Company’s main
                    Perseroan.                                                  business activities.



                    BIDANG USAHA YANG                       DIJALANKAN          LINES OF   BUSINESS                       PERFORMED
                    SELAMA TAHUN 2025                                           THROUGHOUT 2025

                    Sepanjang tahun 2025, Perseroan menjalankan seluruh         In 2025, the Company carried out all of its business
                    kegiatan usahanya sebagaimana tertuang dalam                activities in accordance with the latest Articles of
                    Anggaran Dasar terakhir.                                    Association.




                    Produk dan Jasa
                    Products and Services


                    Melalui entitas anak dan entitas asosiasinya, Perseroan     Through its subsidiaries and associates, the Company
                    menyediakan beragam produk dan jasa sebagai berikut:        provides various products and services as follows:



                        Fiber Optik
                        Fiber Optic
                                                                                       Alamat Kantor Pusat
                                                                                       Head Office Address

                                                                                PT Mega Akses Persada
                                                                                Cyber 2 Tower Lt. 3 | 3rd Floor
                                                                                Jl. H. R. Rasuna Said Blok X-5 No. 13
                                                                                Jakarta Selatan 12950 Indonesia
                                                                                Telp : (021) 8062 1200
                                                                                Fax : (021) 8062 1299




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    Ritel
    Retail
                                                            Alamat Kantor Pusat
                                                            Head Office Address

                                                     PT Indomarco Prismatama
                                                     Menara Indomaret
                                                     Jl. Pantai Indah Kapuk Blvd,
                                                     No. 1, Pantai Indah Kapuk
                                                     Jakarta, 14470




                                                                                                                     Company Profile
                                                                                                                     Profil Perusahaan
                                                     Telp : +62 21 50897400 (hunting)
                                                     		 +62 21 50897411 (hunting)




    Makanan (Roti & Kue)
    Food (Bakery & Cake)
                                                            Alamat Kantor Pusat
                                                            Head Office Address

                                                     PT Nippon Indosari Corpindo Tbk
                                                     Kawasan Industri MM2100
                                                     Jl. Selayar Blok A9
                                                     Bekasi, Jawa Barat 17530




    Restoran Cepat Saji
    Fast Food Restaurant
                                                            Alamat Kantor Pusat
                                                            Head Office Address

                                                     PT Fast Food Indonesia Tbk
                                                     Jl. MT Haryono No.7,
                                                     RT.1/RW.6, Tebet Barat,
                                                     Tebet, Jakarta Selatan
                                                     Jakarta 13630
                                                     Telp : (021) 830 1133




Wilayah Operasional                                           [POJK C.3]

Operational Area
      FiberStar                      Indomaret                                     ROTI



     145                                                                            15
                     Kota            >24.000                                                   Pabrik
                     Cities          Gerai di seluruh Indonesia                                Factories
                                     Outlets throughout Indonesia


      FAST



       683
       Gerai KFC di seluruh Indonesia
                                          7
                                          Gerai Taco Bell di seluruh Indonesia
       KFC outlets throughout Indonesia   Taco Bell outlets throughout Indonesia



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                    Struktur Organisasi
                    Organizational Structure
Company Profile
Profil Perusahaan




                                                                 Dewan Komisaris
                                                                Board of Commissioners




                        Djisman              Ferry Noviar    Soedarsono       Janimiranti           Adi Pranoto          Dr. Timotius
                     Simandjuntak             Yosaputra                        Inggawati              Leman

                    Presiden Komisaris         Komisaris       Komisaris         Komisaris             Komisaris            Komisaris
                         President           Commissioner    Commissioner      Independen            Independen           Independen
                      Commissioner                                             Independent           Independent          Independent
                                                                              Commissioner          Commissioner         Commissioner




                                                                                               Komite Nominasi dan
                                            Komite Audit                                            Remunerasi
                                           Audit Committee                                  Nomination and Remuneration
                                                                                                     Committee




                      Dr. Timotius           Denny Susilo     Lukman          Ferry Noviar          Adi Pranoto         Gina Meillana
                                                             Suparman          Yosaputra              Leman

                          Ketua                 Anggota        Anggota           Ketua                Anggota              Anggota
                         Chairman               Member         Member           Chairman              Member               Member




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                                                                                                                                            Company Profile
                                                                                                                                            Profil Perusahaan
                                                              Direksi
                                                          Board of Directors




                  Haliman                  Christian                             Kiki Yanto             Harjono
                  Kustedjo                 Rahardi                               Gunawan             Wreksoremboko

                  Presiden                     Direktur                           Direktur                 Direktur
                  Direktur                     Director                           Director                 Director
                  President
                   Director




                        Yudhi Hermanto                                                Kiki Yanto Gunawan

                              Audit Internal                                          Sekretaris Perusahaan
                              Internal Audit                                           Corporate Secretary




                      Gina Meillana                         Iwan Kimwita               Harjono Wreksoremboko

                    HR & General Affairs                  Finance & Accounting                Investor Relations




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                                                                                                                             indoritel.co.id




                    Keanggotaan dalam Asosiasi                                                                    [POJK C.5]

                    Membership in Associations
Company Profile
Profil Perusahaan




                                                      Nama Asosiasi                          Status Keanggotaan        Skala Asosiasi
                                                     Assosiation Name                         Membership Status      Assosiation Scope

                                                                                                Anggota Aktif            Nasional
                                                                                               Active Member             National




                     Asosiasi Sistem Komunikasi Kabel Laut Seluruh Indonesia (ASKALSI)
                     Indonesian Submarine Cable Communication System Association (ASKALSI)
                                                                                                Anggota Aktif            Nasional
                                                                                               Active Member             National




                     Asosiasi Penyelenggara Jaringan Telekomunikasi (APJATEL)
                     Telecommunication Network Providers Association (APJATEL)
                                                                                                Anggota Aktif            Nasional
                                                                                               Active Member             National




                     Asosiasi Penyelenggara Jasa Internet Indonesia (APJII)
                     Indonesia Internet Service Provider Association (APJII)
                                                                                                Anggota Aktif            Nasional
                                                                                               Active Member             National




                     Asosiasi Emiten Indonesia (AEI)
                     Indonesian Public Listed Companies Association (AEI)




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Komposisi Dewan Komisaris dan
Direksi
Composition of the Board of Commissioners and Directors




                                                                                                                          Company Profile
                                                                                                                          Profil Perusahaan
Sepanjang tahun 2025 dan hingga Laporan Tahunan            Throughout 2025 and up to the publication date of this
ini diterbitkan, tidak terdapat perubahan pada             Annual Report, there were no changes in the composition
komposisi Dewan Komisaris dan Direksi. Oleh sebab          of the Board of Commissioners and Board of Directors.
itu, komposisi Dewan Komisaris dan Direksi Perseroan       Therefore, the composition of the Company’s Board of
per 31 Desember 2025 dan hingga Laporan Tahunan ini        Commissioners and Board of Directors as of December
diterbitkan adalah sebagai berikut:                        31, 2025, and up to the publication date of this Annual
                                                           Report is as follows:

                      Jabatan                   Nama | Name                                 Position

 Dewan Komisaris
 Board of Commissioners
 Presiden Komisaris                          Djisman Simandjuntak                            President Commissioner
 Komisaris                                        Soedarsono                                           Commissioner
 Komisaris                                   Ferry Noviar Yosaputra                                    Commissioner
 Komisaris Independen                         Adi Pranoto Leman                           Independent Commissioner
 Komisaris Independen                         Janimiranti Inggawati                       Independent Commissioner
 Komisaris Independen                             Dr. Timotius                            Independent Commissioner
 Direksi
 Board of Directors
 Presiden Direktur                             Haliman Kustedjo                                    President Director
 Direktur                                      Christian Rahardi                                             Director
 Direktur                                     Kiki Yanto Gunawan                                             Director
 Direktur                                   Harjono Wreksoremboko                                            Director




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                    Dewan Komisaris
                    Board of Commissioners
Company Profile
Profil Perusahaan




                    Ferry Noviar Yosaputra                  Djisman Simandjuntak           Soedarsono
                    Komisaris                               Presiden Komisaris             Komisaris
                    Commissioner                            President Commissioner         Commissioner



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                                                                                                              Company Profile
                                                                                                              Profil Perusahaan




Adi Pranoto Leman                    Janimiranti Inggawati      Dr. Timotius
Komisaris Independen                 Komisaris Independen       Komisaris Independen
Independent Commissioner             Independent Commissioner   Independent Commissioner


Laporan Tahunan 2025 Annual Report                                   PT Indoritel Makmur Internasional Tbk   55
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                                                                                             indoritel.co.id




                    Direksi
                    Board of Directors
Company Profile
Profil Perusahaan




                              Christian Rahardi             Haliman Kustedjo
                              Direktur                      Presiden Direktur
                              Director                      President Director



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                                                                                           Company Profile
                                                                                           Profil Perusahaan




                  Kiki Yanto Gunawan   Harjono Wreksoremboko
                  Direktur             Direktur
                  Director             Director


Laporan Tahunan 2025 Annual Report                PT Indoritel Makmur Internasional Tbk   57
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                    Profil Dewan Komisaris
                    Profile of The Board of Commissioners
Company Profile
Profil Perusahaan




                                                             Djisman Simandjuntak
                                                             Presiden Komisaris
                                                             President Commissioner

                                                             Warga Negara                Usia                            Domisili
                                                             Citizen                     Age                             Domicile

                                                             Indonesia                   78 tahun | years                Jakarta



                     Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana             The Resolution of Annual GMS in 2023 as outlined in
                     Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023           Deed No. 15 dated June 27, 2023
                     Legal Basis of Appointment
                     Riwayat Pendidikan           •   Sarjana Ekonomi dari Universitas Katolik              •   Bachelor of Economics from Parahyangan Catholic
                     Educational Background           Parahyangan, Bandung (1973)                               University, Bandung (1973)
                                                  •   Sarjana S2 (Dipl.Rer.Pol) Monetary and Public         •   Master’s Degree (Dipl.Rer.Pol) Monetary and
                                                      Finance dari University of Cologne, Jerman (1979)         Public Finance from the University of Cologne,
                                                  •   Sarjana S3 (Dr.Rer.Pol.) untuk International              Germany (1979)
                                                      Economy dari University of Cologne, Jerman            •   Doctorate (Dr.Rer.Pol.) in International Economics
                                                      (1983)                                                    from the University of Cologne, Germany (1983)
                     Riwayat Karir                •   Pendiri Indonesian Institute for Corporate            •   Founder of the Indonesian Institute for Corporate
                     Career History                   Directorships (IICD) dan Ketua Dewan IICD                 Directorships (IICD) and IICD Chairman-Board of
                                                      (1999–2011)                                               Management (1999-2011)
                                                  •   Komisaris Independen Lippo Bank (2003-2005)           •   Independent Commissioner of Lippo Bank
                                                  •   Anggota Tim Penasehat Tim Nasional Perundingan            (2003-2005)
                                                      Perdagangan Internasional (2005–2014)                 •   Member of the Advisory Team to the National
                                                  •   Ketua Pengurus Yayasan Prasetiya Mulya                    Team for International Trade Negotiations
                                                      (2008-2016)                                               (2005-2014)
                                                  •   Anggota Komite Ekonomi Nasional Indonesia             •   Head of the Prasetiya Mulya Foundation
                                                      (2010-2014)                                               (2008-2016)
                                                  •   Ketua Indonesian National Committee for Pacific       •   Member of the Indonesian National Economic
                                                      Economic Coorperation (INCPEC) (2012-2016)                Committee (2010-2014)
                                                                                                            •   Chairman of the Indonesian National Committee
                                                                                                                for Pacific Economic Coorperation (INCPEC)
                                                                                                                (2012-2016)
                     Rangkap Jabatan              •   Ketua Pengurus Center for Strategic and               •   Head of Center for Strategic and International
                     per 31 Desember 2025             International Studies (CSIS) Foundation (sejak            Studies (CSIS) Foundation (since 2005)
                     Concurrent Positions as of       2005)                                                 •   Chairperson of the Prasetiya Mulya Foundation
                     December 31, 2025            •   Ketua Pengurus Yayasan Prasetiya Mulya Jakarta            Jakarta (2024-present)
                                                      (2024-sekarang)                                       •   Professor of Business Economics at Prasetiya
                                                  •   Profesor Ekonomi Bisnis di Universitas Prasetiya          Mulya University, Jakarta (since 2008)
                                                      Mulya Jakarta (sejak 2008)                            •   Chairman of the Audit Committee of PT Asuransi
                                                  •   Ketua Komite Audit PT Asuransi MSIG Indonesia             MSIG Indonesia (2019-present)
                                                      (2019-sekarang)                                       •   Independent Commissioner of PT Asuransi MSIG
                                                  •   Komisaris Independen PT Asuransi MSIG                     Indonesia (since 2012)
                                                      Indonesia (sejak 2012)                                •   President Commissioner of PT Indo Tambangraya
                                                  •   Presiden Komisaris PT Indo Tambangraya Megah              Megah Tbk (since 2018)
                                                      Tbk (sejak 2018)                                      •   Chair of the Audit and Risk Monitoring
                                                  •   Ketua Komite Audit dan Pemantauan Risiko                  Committee of PT Indo Tambangraya Megah Tbk
                                                      PT Indo Tambangraya Megah Tbk (2025-sekarang)             (2025-present)
                                                  •   Komisaris Independen PT Indo Tambangraya              •   Independent Commissioner of PT Indo
                                                      Megah Tbk (sejak 2007)                                    Tambangraya Megah Tbk (since 2007)
                                                  •   Presiden Komisaris PT Indomarco Prismatama Tbk        •   President Commissioner of PT Indomarco
                                                      (sejak 2000)                                              Prismatama Tbk (since 2000)
                                                  •   Anggota Komite Audit PT AKR Corporindo (sejak         •   Member of the Audit Committee of PT AKR
                                                      2020)                                                     Corporindo (since 2020)
                                                  •   Komisaris Independen PT Pantai Indah Kapuk Dua        •   Commissioner of PT Pantai Indah Kapuk Dua Tbk
                                                      Tbk (sejak 2023)                                          (since 2023)
                                                  •   Anggota Komite Audit PT Pantai Indah Kapuk Dua        •   Member of the Audit Committee of PT Pantai
                                                      Tbk (sejak 2023)                                          Indah Kapuk Dua Tbk (since 2023)
                     Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan            He has no affiliated relationship with other members
                     Affiliation Relationship     sesama anggota Dewan Komisaris maupun Direksi             of the Board of Commissioners or the Board
                                                  lainnya, dan tidak terafiliasi dengan Pemegang Saham      of Directors and is not affiliated with the Main/
                                                  Utama/Pengendali                                          Controlling Shareholders



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                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
                                        Soedarsono
                                        Komisaris
                                        Commissioner

                                        Warga Negara               Usia                            Domisili
                                        Citizen                    Age                             Domicile

                                        Indonesia                  73 tahun | years                Jakarta



 Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana           The Resolution of Annual GMS in 2023 as outlined in
 Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023         Deed No. 15 dated June 27, 2023.
 Legal Basis of Appointment
 Riwayat Pendidikan           Sarjana Ekonomi jurusan Akuntansi dari Universitas      Bacehlor of Economics, majoring in Accounting, from
 Educational Background       Gadjah Mada, Yogyakarta (1979)                          Gadjah Mada University, Yogyakarta (1979).
 Riwayat Karir                •   Asisten Auditor pada Kantor Akuntan Publik          •   Assistant Auditor at Public Accounting Firm Hadori
 Career History                   Hadori Yunus & Co (1976–1979)                           Yunus & Co (1976-1979)
                              •   Auditor Senior Kantor Akuntan Publik Darmawan       •   Senior Auditor of Public Accounting Firm
                                  & Co (1980–1981)                                        Darmawan & Co (1980-1981)
                              •   Kepala Divisi Internal Audit PT Dharma Niaga        •   Head of Internal Audit Division of PT Dharma
                                  (1981–1984)                                             Niaga (1981-1984)
                              •   Direktur Keuangan PT Indomarco Adi Prima            •   Director of Finance of PT Indomarco Adi Prima
                                  (1984–2000)                                             (1984-2000)
                              •   Direktur Keuangan Indomaret (2000–2009)             •   Director of Finance of PT Indomarco Prismatama
                                                                                          (Indomaret) (2000-2009)
 Rangkap Jabatan              •   Komisaris PT Indomarco Perdana (sejak 2001)         •   Commissioner of PT Indomarco Perdana (since
 per 31 Desember 2025         •   Komisaris PT Indomaret (sejak 2009)                     2001)
 Concurrent Positions as of                                                           •   Commissioner of PT Indomarco Prismatama
 December 31, 2025                                                                        (Indomaret) (since 2009)
 Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan          He has no affiliated relationship with other members
 Affiliation Relationship     sesama anggota Dewan Komisaris maupun Direksi           of the Board of Commissioners or the Board
                              lainnya, dan tidak terafiliasi dengan Pemegang Saham    of Directors and is not affiliated with the Main/
                              Utama/Pengendali                                        Controlling Shareholders




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                                                                                                                                                     indoritel.co.id
Company Profile
Profil Perusahaan




                                                             Ferry Noviar Yosaputra
                                                             Komisaris
                                                             Commissioner

                                                             Warga Negara               Usia                            Domisili
                                                             Citizen                    Age                             Domicile

                                                             Indonesia                  66 tahun | years                Jakarta



                     Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana            The Resolution of Annual GMS in 2023 as outlined in
                     Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023          Deed No. 15 dated June 27, 2023
                     Legal Basis of Appointment
                     Riwayat Pendidikan           Sarjana Ekonomi dari Universitas Kristen Indonesia,      Bachelor of Economics from the Christian University
                     Educational Background       Jakarta (1984)                                           of Indonesia, Jakarta (1984)
                     Riwayat Karir                •   Komisaris PT Indonusa Telemedia (2002–2005)          •   Commissioner of PT Indonusa Telemedia
                     Career History               •   Direktur PT Matahari Lintas Cakrawala                    (2002-2005)
                                                      (2002–2006)                                          •   Director of PT Matahari Lintas Cakrawala
                                                  •   Direktur PT Media Citra Indostar (2003–2006)             (2002-2006)
                                                  •   Komisaris PT Indofinance Perkasa (2004–2006)         •   Director of PT Media Citra Indostar (2003-2006);
                                                                                                           •   Commissioner of PT Indofinance Perkasa
                                                                                                               (2004-2006)
                     Rangkap Jabatan              •   Wakil Presiden Direktur FAST (sejak 2001)            •   Vice President Director of FAST (since 2001);
                     per 31 Desember 2025         •   Komisaris PT Sebuku Iron Lateritic Ores              •   Commissioner of PT Sebuku Iron Lateritic Ores
                     Concurrent Positions as of       (sejak 2008)                                             (since 2008)
                     December 31, 2025            •   Komisaris PT Ithaca Resources (sejak 2009)           •   Commissioner of PT Ithaca Resources (since 2009)
                                                  •   Direktur PT Adidaya Tangguh (sejak 2009)             •   Director of PT Adidaya Tangguh (since 2009)
                                                  •   Direktur PT Bintani Megahindah (sejak 2020)          •   Director of PT Bintani Megahindah (since 2020)
                                                  •   Direktur Utama PT Anugerah Bangun Makmur             •   President Director of PT Anugerah Bangun
                                                      (sejak 2023)                                             Makmur (since 2023)
                     Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan           He has no affiliated relationship with other members
                     Affiliation Relationship     sesama anggota Dewan Komisaris maupun Direksi            of the Board of Commissioners or the Board
                                                  lainnya, dan tidak terafiliasi dengan Pemegang Saham     of Directors and is not affiliated with the Main/
                                                  Utama/Pengendali                                         Controlling Shareholders




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                                                                                                                                                      Company Profile
                                                                                                                                                      Profil Perusahaan
                                        Janimiranti Inggawati
                                        Komisaris Independen
                                        Independent Commissioner

                                        Warga Negara                Usia                            Domisili
                                        Citizen                     Age                             Domicile

                                        Indonesia                   70 tahun | years                Jakarta



 Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana            The Resolution of Annual GMS in 2023 as outlined in
 Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023          Deed No. 15 dated June 27, 2023
 Legal Basis of Appointment
 Riwayat Pendidikan           Sarjana Ekonomi dari Universitas Kristen Satya           Bachelor of Economics from Satya Wacana Christian
 Educational Background       Wacana, Salatiga (1981)                                  University, Salatiga (1981)
 Riwayat Karir                •   Admin Export Junior Manager perusahaan               •   Export Administration Junior Manager of
 Career History                   PT Kayu Lapis Asli Murni (1982–1986)                     PT Kayu Lapis Asli Murni (1982-1986)
                              •   Asisten Direksi dan Asisten Manajer Keuangan         •   Assistant Director and Assistant Manager of
                                  Pebapan (1986–1992)                                      Finance of Pebapan (1986-1992)
                              •   Corporate Senior Finance Manager                     •   Corporate Senior Finance Manager of
                                  PT Indomarco Adi Prima (1992–2000)                       PT Indomarco Adi Prima (1992-2000)
                              •   Corporate Senior Finance Manager                     •   Corporate Senior Finance Manager of
                                  PT Indomarco Perdana (2000–2002)                         PT Indomarco Perdana (2000-2002)
                              •   Treasury Senior Manager Indomaret (2002–2016)        •   Treasury Senior Manager of Indomaret
                                                                                           (2002-2016)
 Rangkap Jabatan              Treasury Executive Director Indomaret (sejak 2016)       Treasury Executive Director of PT Indomarco
 per 31 Desember 2025                                                                  Prismatama (Indomaret) (since 2016)
 Concurrent Positions as of
 December 31, 2025
 Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan           She has no affiliated relationship with other
 Affiliation Relationship     sesama anggota Dewan Komisaris maupun Direksi            members of the Board of Commissioners or the
                              lainnya, dan tidak terafiliasi dengan Pemegang Saham     Board of Directors and is not affiliated with the Main/
                              Utama/Pengendali                                         Controlling Shareholders
 Pernyataan                   Beliau telah memenuhi seluruh kriteria sebagai           She fully meets all requirements to serve as an
 Independensi                 Komisaris Independen sebagaimana disyaratkan             Independent Commissioner under prevailing
 Statement of                 peraturan yang berlaku. Beliau berkomitmen untuk         regulations. She remains committed to performing
 Independence                 menjalankan tugas, tanggung jawab, dan fungsi            his duties and exercising her supervisory
                              pengawasannya secara independen dan objektif             responsibilities with independence and objectivity
                              terhadap pengurusan Perseroan selaras dengan             in relation to the Company’s management, in
                              ketentuan yang berlaku di pasar modal                    accordance with applicable capital market regulations




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                                                                                                                                                    indoritel.co.id
Company Profile
Profil Perusahaan




                                                             Adi Pranoto Leman
                                                             Komisaris Independen
                                                             Independent Commissioner

                                                            Warga Negara               Usia                           Domisili
                                                            Citizen                    Age                            Domicile

                                                             Indonesia                 72 tahun | years               Jakarta



                     Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana           The Resolution of Annual GMS in 2023 as outlined in
                     Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023         Deed No. 15 dated June 27, 2023
                     Legal Basis of Appointment
                     Riwayat Pendidikan           Sarjana Ekonomi jurusan Akuntansi dari Universitas      Bachelor of Economics, majoring in Accounting from
                     Educational Background       Airlangga, Surabaya (1978)                              Airlangga University, Surabaya (1978)
                     Riwayat Karir                •   Managing Director of the Assurance and Business     •   Managing Director of the Assurance and Business
                     Career History                   Advisory Services Arthur Andersen Indonesia             Advisory Services dari Arthur Andersen Indonesia
                                                      (1993–2002)                                             (1993-2002)
                                                  •   Senior Audit Partner, Deputy Head of Assurance,     •   Senior Audit Partner, Deputy Head of Assurance
                                                      dan Deputy Head of Assurance and Advisory               dan Deputy Head of Assurance and Advisory
                                                      Business Services Ernst & Young Indonesia               Business Services dari Ernst & Young Indonesia
                                                      (2002–2007)                                             (2002-2007)
                     Rangkap Jabatan              •   Komite Audit PT Indofood CBP Sukses Makmur          •   Audit Committee of PT Indofood CBP Sukses
                     per 31 Desember 2025             Tbk (sejak 2015)                                        Makmur Tbk (since 2015)
                     Concurrent Positions as of   •   Komisaris Independen PT Pantai Indah Kapuk Dua      •   Independent Commissioner of PT Pantai Indah
                     December 31, 2025                Tbk (sejak 2023)                                        Kapuk Dua Tbk (since 2023)
                     Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan          He has no affiliated relationship with other members
                     Affiliation Relationship     sesama anggota Dewan Komisaris maupun Direksi           of the Board of Commissioners or the Board
                                                  lainnya, dan tidak terafiliasi dengan Pemegang Saham    of Directors and is not affiliated with the Main/
                                                  Utama/Pengendali                                        Controlling Shareholders
                     Pernyataan                   Beliau telah memenuhi seluruh kriteria sebagai          He fully meets all requirements to serve as an
                     Independensi                 Komisaris Independen sebagaimana disyaratkan            Independent Commissioner under prevailing
                     Statement of                 peraturan yang berlaku. Beliau berkomitmen untuk        regulations. He remains committed to performing his
                     Independence                 menjalankan tugas, tanggung jawab, dan fungsi           duties and exercising his supervisory responsibilities
                                                  pengawasannya secara independen dan objektif            with independence and objectivity in relation to
                                                  terhadap pengurusan Perseroan selaras dengan            the Company’s management, in accordance with
                                                  ketentuan yang berlaku di pasar modal                   applicable capital market regulations




               62   PT Indoritel Makmur Internasional Tbk                                                                  Laporan Tahunan 2025 Annual Report
Page 65
                                                                                                                  Strength in Challenges
indoritel.co.id                                                                                                Tangguh di Tengah Tantangan




                                                                                                                                                 Company Profile
                                                                                                                                                 Profil Perusahaan
                                         Dr. Timotius
                                         Komisaris Independen
                                         Independent Commissioner

                                         Warga Negara               Usia                            Domisili
                                         Citizen                    Age                             Domicile

                                         Indonesia                  67 tahun | years                Jakarta



 Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana            The Resolution of Annual GMS in 2023 as outlined in
 Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023          Deed No. 15 dated June 27, 2023 (First Period)
 Legal Basis of Appointment   (Periode Pertama)
 Riwayat Pendidikan           •   Sarjana Ekonomi jurusan Manajemen dari               •   Bachelor of Economics majoring in Management
 Educational Background           Universitas Indonesia, Jakarta (1984)                    from the University of Indonesia, Jakarta (1984)
                              •   Sarjana Ekonomi jurusan Akuntansi dari               •   Bachelor of Economics majoring in Accounting
                                  Universitas Indonesia, Jakarta (1992)                    from the University of Indonesia, Jakarta (1992)
                              •   Magister Manajemen dari Universitas Indonesia        •   Master of Management from the University of
                                  (1990)                                                   Indonesia (1990)
                              •   Doktor Ekonomi Pertanian dari Institut Pertanian     •   Doctorate in Agricultural Economics from Bogor
                                  Bogor (2000)                                             Agricultural Institute (2000)
 Riwayat Karir                •   Manajer Accounting and Finance PT Prabu Pura         •   Accounting and Finance Manager at
 Career History                   Motor (1980-1987)                                        PT Prabu Pura Motor (1980 - 1987)
                              •   Manajer Accounting PT Prima Palm Indah               •   Accounting Manager at PT Prima Palm Indah
                                  (1987-1988)                                              (1987 - 1988)
                              •   Direktur Keuangan PT Moritas Agrobi (1990-1996)      •   Finance Director at PT Moritas Agrobi
                                                                                           (1990 - 1996)
                              •   Direktur Keuangan PT Suprawira Finance               •   Finance Director at PT Suprawira Finance
                                  (1996- 1997)                                             (1996 - 1997)
                              •   Komisaris PT Kharisma Valas Indonesia                •   Commissioner PT Kharisma Valas Indonesia
                                  (1997-2000)                                              (1997 - 2000)
                              •   Pengajar Fakultas Ekonomi di Universitas             •   Lecturer at Faculty of Economics, Tanjungpura
                                  Tanjungpura Pontianak (2000-2007)                        University, Pontianak (2000-2007)
                              •   Komite Audit PT HM Sampoerna Tbk (2001-2011)         •   Audit Committee of PT HM Sampoerna Tbk
                                                                                           (2001 - 2011)
                              •   Komite Audit PT Bank Ina Perdana (2007-2019)         •   Audit Committee of PT Bank Ina Perdana
                                                                                           (2007 - 2019)
                              •   Komite Audit PT Indofood CBP Sukses Makmur           •   Audit Committee PT Indofood CBP Sukses
                                  Tbk (2009-2014)                                          Makmur Tbk (2009 - 2014)
                              •   Komite Audit dan Pemantau Risiko PT Bank Bumi        •   Audit and Risk Monitoring Committee
                                  Arta Tbk (2012-2020)                                     PT Bank Bumi Arta Tbk (2012 - 2020)
 Rangkap Jabatan              •   Pengajar Fakultas Ekonomi jurusan Akuntansi,         •   Lecturer at Faculty of Economics majoring in
 per 31 Desember 2025             MAKSI dan PPAk di Universitas Indonesia (sejak           Accounting, MAKSI and PPAk, University of
 Concurrent Positions as of       1992)                                                    Indonesia (sejak 1992)
 December 31, 2025            •   Komisaris Independen PT Salim Invomas Pratama        •   Independent Commissioner of PT Salim Invomas
                                  Tbk (sejak 2013)                                         Pratama Tbk (sejak 2013)
                              •   Komite Audit PT Indofood CBP Sukses Makmur           •   Audit Committee of PT Indofood CBP Sukses
                                  Tbk (sejak 2018)                                         Makmur Tbk (sejak 2018)
                              •   Komite Audit PT Industri Jamu dan Farmasi Sido       •   Audit Committee of PT Industri Jamu dan Farmasi
                                  Muncul Tbk (sejak 2019)                                  Sido Muncul Tbk (sejak 2019)
 Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan           He has no affiliated relationship with other members
 Affiliation Relationship     sesama anggota Dewan Komisaris maupun Direksi            of the Board of Commissioners or the Board
                              lainnya, dan tidak terafiliasi dengan Pemegang Saham     of Directors and is not affiliated with the Main/
                              Utama/Pengendali                                         Controlling Shareholders
 Pernyataan                   Beliau telah memenuhi seluruh kriteria sebagai           He fully meets all requirements to serve as an
 Independensi                 Komisaris Independen sebagaimana disyaratkan             Independent Commissioner under prevailing
 Statement of                 peraturan yang berlaku. Beliau berkomitmen untuk         regulations. He remains committed to performing his
 Independence                 menjalankan tugas, tanggung jawab, dan fungsi            duties and exercising his supervisory responsibilities
                              pengawasannya secara independen dan objektif             with independence and objectivity in relation to
                              terhadap pengurusan Perseroan selaras dengan             the Company’s management, in accordance with
                              ketentuan yang berlaku di pasar modal                    applicable capital market regulations




Laporan Tahunan 2025 Annual Report                                                                     PT Indoritel Makmur Internasional Tbk    63
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                                                                                                                                                   indoritel.co.id




                    Profil Direksi
                    Profile of The Board of Directors
Company Profile
Profil Perusahaan




                                                            Haliman Kustedjo
                                                            Presiden Direktur
                                                            President Director

                                                            Warga Negara               Usia                           Domisili
                                                            Citizen                    Age                            Domicile

                                                            Indonesia                  67 tahun | years               Jakarta



                     Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana           The Resolution of Annual GMS in 2023 as outlined in
                     Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023         Deed No. 15 dated June 27, 2023
                     Legal Basis of Appointment
                     Riwayat Pendidikan           Sarjana Ekonomi dari Universitas Parahyangan,           Bachelor of Economics from Parahyangan University,
                     Educational Background       Bandung (1983)                                          Bandung (1983).
                     Riwayat Karir                •   Management Service Manager PT Inti Salim            •   Management Service Manager of PT Inti Salim
                     Career History                   Corpora (1983-1994)                                     Corpora (1983-1994)
                                                  •   System Senior Manager PT Indomarco Adi Prima        •   System Senior Manager of PT Indomarco Adi
                                                      (1994–2000)                                             Prima (1994-2000)
                                                  •   Policy and System Senior Manager Indomaret          •   Policy and System Senior Manager of Indomaret
                                                      (2000–2009)                                             (2000-2009)
                     Rangkap Jabatan              Direktur Sistem Kebijakan Indomaret (sejak 2009)        Director of Policy System of PT Indomarco
                     per 31 Desember 2025                                                                 Prismatama (Indomaret) (since 2009)
                     Concurrent Positions as of
                     December 31, 2025
                     Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan          He has no affiliated relationship with other
                     Affiliation Relationship     sesama anggota Direksi maupun Dewan Komisaris           members of the Board of Directors or the Board of
                                                  lainnya, dan tidak terafiliasi dengan Pemegang Saham    Commissioners and is not affiliated with the Main/
                                                  Utama/Pengendali                                        Controlling Shareholders




              64    PT Indoritel Makmur Internasional Tbk                                                                  Laporan Tahunan 2025 Annual Report
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                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
                                        Christian Rahardi
                                        Direktur
                                        Director

                                        Warga Negara               Usia                           Domisili
                                        Citizen                    Age                            Domicile

                                        Indonesia                  63 tahun | years               Jakarta



 Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana           The Resolution of Annual GMS in 2023 as outlined in
 Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023         Deed No. 15 dated June 27, 2023
 Legal Basis of Appointment
 Riwayat Pendidikan           Sarjana Ekonomi dari Universitas Merdeka, Malang        Bachelor of Economics from Merdeka University,
 Educational Background       (1986)                                                  Malang (1986)
 Riwayat Karir                •   Controlling Manager PT Indomarco Adi Prima          •   Controlling Manager of PT Indomarco Adi Prima
 Career History                   (1987–2000)                                             (1987-2000)
                              •   Finance and Accounting Manager PT Indomarco         •   Finance and Accounting Manager of PT Indomarco
                                  Perdana (2000–2009)                                     Perdana (2000-2009)
 Rangkap Jabatan              Finance Controlling Senior Manager Indomaret            Finance Controlling Senior Manager of PT Indomarco
 per 31 Desember 2025         (sejak 2009)                                            Prismatama (Indomaret) (since 2009)
 Concurrent Positions as of
 December 31, 2025
 Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan          He has no affiliated relationship with other
 Affiliation Relationship     sesama anggota Direksi maupun Dewan Komisaris           members of the Board of Directors or the Board of
                              lainnya, dan tidak terafiliasi dengan Pemegang Saham    Commissioners and is not affiliated with the Main/
                              Utama/Pengendali                                        Controlling Shareholders




Laporan Tahunan 2025 Annual Report                                                                   PT Indoritel Makmur Internasional Tbk   65
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                                                                                                                                                    indoritel.co.id
Company Profile
Profil Perusahaan




                                                            Kiki Yanto Gunawan
                                                            Direktur
                                                            Director

                                                            Warga Negara               Usia                           Domisili
                                                            Citizen                    Age                            Domicile

                                                            Indonesia                  48 tahun | years               Tangerang



                     Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana           The Resolution of Annual GMS in 2023 as outlined in
                     Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023         Deed No. 15 dated June 27, 2023
                     Legal Basis of Appointment
                     Riwayat Pendidikan           Sarjana Ekonomi jurusan Akuntansi dari Universitas      Bachelor of Economics, Maining in Accounting, from
                     Educational Background       Katolik Parahyangan, Bandung (1999)                     Parahyangan Catholic University, Bandung (1999)
                     Riwayat Karir                Staf Keuangan hingga Chief Finance Officer              Finance Staff to Chief Finance Officer of PT Panjang
                     Career History               PT Panjang Jiwo (1999–2014)                             Jiwo (1999-2014)
                     Rangkap Jabatan              Sekretaris Perusahaan Perseroan (sejak 2014)            Corporate Secretary (since 2014)
                     per 31 Desember 2025
                     Concurrent Positions as of
                     December 31, 2025
                     Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan          He has no affiliated relationship with other
                     Affiliation Relationship     sesama anggota Direksi maupun Dewan Komisaris           members of the Board of Directors or the Board of
                                                  lainnya, dan tidak terafiliasi dengan Pemegang Saham    Commissioners and is not affiliated with the Main/
                                                  Utama/Pengendali                                        Controlling Shareholders




              66    PT Indoritel Makmur Internasional Tbk                                                                  Laporan Tahunan 2025 Annual Report
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                                                                                                                                                  Company Profile
                                                                                                                                                  Profil Perusahaan
                                        Harjono Wreksoremboko
                                        Direktur
                                        Director

                                        Warga Negara                  Usia                            Domisili
                                        Citizen                       Age                             Domicile

                                        Indonesia                     62 tahun | years                Tangerang



 Dasar Hukum                  Keputusan RUPS Tahunan tahun 2023 sebagaimana              The Resolution of Annual GMS in 2023 as outlined in
 Pengangkatan                 tertuang dalam Akta No. 15 tanggal 27 Juni 2023            Deed No. 15 dated June 27, 2023
 Legal Basis of Appointment
 Riwayat Pendidikan           •   Sarjana Sains jurusan Fisika dari Universitas          •   Bachelor of Science, majoring in Physics, from
 Educational Background           Gadjah Mada, Yogyakarta (1986)                             Gadjah mada University, Yogyakarta (1986)
                              •   Master of Business Administration jurusan              •   Master of Business Administration with
                                  Manajemen Keuangan dari Katholieke Universiteit            concentration in Finance Management, from
                                  (KU) Leuven, Belgia (1989)                                 Katholieke Universiteit Leuven, Belgium (1989)
 Riwayat Karir                •   Investment Analyst PT Multinational Finance            •   Investment Analyst of PT Multinational Finance
 Career History                   Corporation (1989–1990)                                    Corporation (1989-1990)
                              •   Senior Investment Analyst Crosby Securities            •   Senior Investment Analyst of Crosby Securities
                                  (1990–1993)                                                (1990-1993)
                              •   Manajer Schroders Merchant Bankers Limited             •   Manager of Schroders Merchant Bankers Limited
                                  (1993–1994)                                                (1993-1994)
                              •   Kepala Departemen Riset Ekuitas Indonesia,             •   Head of the Indonesian Equity Research
                                  Merrill Lynch Equity Research (1994–1999)                  Department, Merrill Lynch Equity Research
                              •   Direktur dan Kepala PT Farmindo Adijaya Persada            (1994-1999)
                                  (1999–2002)                                            •   Director and Head of PT Farmindo Adijaya
                              •   Karyawan PT HM Sampoerna (2002–2005)                       Persada (1999-2002)
                              •   Karyawan PT Sampoerna Strategic (2005–2006)            •   Employee of PT HM Sampoerna (2002-2005);
                              •   Direktur Citigroup Global Market Securities            •   Employee of PT Sampoerna Strategic
                                  (2010–2011)                                                (2005-2006)
                                                                                         •   Director of Citigroup Global Market Securities
                                                                                             (2010-2011)
 Rangkap Jabatan              Beliau tidak memiliki rangkap jabatan                      He does not have concurrent positions
 per 31 Desember 2025
 Concurrent Positions as of
 December 31, 2025
 Hubungan Afiliasi            Beliau tidak memiliki hubungan afiliasi dengan             He has no affiliated relationship with other
 Affiliation Relationship     sesama anggota Direksi maupun Dewan Komisaris              members of the Board of Directors or the Board of
                              lainnya, dan tidak terafiliasi dengan Pemegang Saham       Commissioners and is not affiliated with the Main/
                              Utama/Pengendali                                           Controlling Shareholders




Laporan Tahunan 2025 Annual Report                                                                       PT Indoritel Makmur Internasional Tbk   67
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                                                                                                                                         indoritel.co.id




                    Demografi Karyawan                                                            [POJK C.3]

                    Employee Demographics
Company Profile
Profil Perusahaan




                    Komposisi Karyawan berdasarkan Jenis Kelamin
                    Employee by Gender
                                                  Jenis Kelamin
                                                                                            2025                     2024                2023
                                                     Gender

                     Laki-Laki | Male                                                        522                      453                 410
                     Perempuan | Female                                                      160                      143                 116
                     Jumlah | Total                                                          682                      596                 526


                    Komposisi Karyawan berdasarkan Jenjang Jabatan
                    Employee by Position Level
                                                 Jenjang Jabatan
                                                                                            2025                     2024                2023
                                                  Position Level

                     Manajemen Inti (Direksi dan Dewan Komisaris)                             16                       16                  14
                     Top Management (Board of Directors and Board of Commissioners)
                     General Manager (Division Head) | General Manager (Division Head)        12                       12                    9
                     Manager (Department Head) | Manager (Department Head)                    31                       33                  30
                     Assistant Manager | Assistant Manager                                    65                       45                  42
                     Senior Staff (Karyawan) | Senior Staff (Employee)                       548                      469                 408
                     Junior Staff (Karyawan) | Junior Staff (Employee)                        10                       21                  23
                     Jumlah | Total                                                          682                      596                 526


                    Komposisi Karyawan berdasarkan Jenjang Jabatan sebagai Bentuk Kesetaraan Gender Tahun 2025 [S.01]
                    Employee Composition by Position Level as a Form of Gender Equality in 2025
                                                                                              Pria | Male                      Wanita | Female
                                                 Jenjang Jabatan
                                                  Position Level                         Jumlah                             Jumlah
                                                                                                            %                                %)
                                                                                          Total                              Total

                     Manajemen Inti (Direksi dan Dewan Komisaris)                            15              1.2%                1               0%
                     Top Management (Board of Directors and Board of Commissioners)
                     General Manager (Division Head) | General Manager (Division Head)       11              2.2%                1               1%
                     Manager (Department Head) | Manager (Department Head)                   26              4.8%                5               3%
                     Assistant Manager | Assistant Manager                                   50              9.7%               15               8%
                     Senior Staff (Karyawan) | Senior Staff (Employee)                      414             81.3%              134               85%
                     Junior Staff (Karyawan) | Junior Staff (Employee)                        5              0.8%                5               3%
                     Jumlah | Total                                                         521             100%               161           100%


                    Komposisi Karyawan berdasarkan Usia
                    Employee by Age
                                                       Usia
                                                                                            2025                     2024                2023
                                                       Age

                     >40 tahun | >40 years old                                               177                      162                 125
                     31-40 tahun | 31-40 years old                                           298                      266                 235
                     <30 tahun | >30 years old                                               207                      168                 166
                     Jumlah | Total                                                          682                      596                 526




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                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
Jenjang Jabatan Pegawai yang Dimiliki oleh Laki-laki dan Perempuan berdasarkan
Kelompok Umur Tahun 2025 [S.02]
Employee Position Levels by Gender and Age Group in 2025
                                                                       Jenjang Jabatan
                                                                         Position Level
                     Manajemen Inti
   Kelompok       (Direksi dan Dewan
                                         General Manager          Manager                             Senior Staff        Junior Staff
     Umur              Komisaris)
                                          (Division Head)    (Department Head) Assistant Manager      (Karyawan)          (Karyawan)
   Age Group        Top Management
                                         General Manager          Manager       Assistant Manager     Senior Staff        Junior Staff
                   (Board of Directors
                                           (Division Head)    (Department Head)                       (Employee)          (Employee)
                      and Board of
                     Commissioners)
                   L|M        P|W        L|M       P|W        L|M      P|W       L|M        P|W     L|M         P|W     L|M          P|W

 18-25                0          0          0         0         0         0        0         0       23           8       0           1
 25-35                0          0          0         0         0         0        9         6      219          93       2           3
 35-45                0          0          1         0        10         2       27         6      149          32       3           1
 45-55                2          0          7         1        14         2       13         3       21           1       0           0
 >55                 13          1          3         0         2         1        1         0        2           0       0           0
 Sub Jumlah          15         1         11          1        26         5       50        15      414         134       5           5
 Sub Total
 Jumlah                        16                    12                  31                 65                  548                  10
 Total


Komposisi Karyawan berdasarkan Tingkat Pendidikan
Employee by Education Level
                            Tingkat Pendidikan
                                                                                  2025                2024                    2023
                              Education Level

 S3 | Doctoral                                                                         2                    2                    2
 S2 | Postgraduate                                                                     20                  18                   12
 S1 | Undergraduate                                                                471                    399                  345
 Diploma | Diploma                                                                 124                    110                  104
 SLTA | High School                                                                    65                  67                   63
 Jumlah | Total                                                                    682                    596                  526


Komposisi Karyawan berdasarkan Status Ketenagakerjaan
Employee by Employment Status
                          Status Ketenagakerjaan
                                                                                  2025                2024                    2023
                            Employment Status

 Karyawan Tetap | Permanent                                                        302                    233                  198
 Karyawan Kontrak | Contact                                                        380                    363                  328
 Jumlah | Total                                                                    682                    596                  526


Jumlah Pegawai Tidak Tetap/Kontrak/yang Dipegang oleh Kontraktor dan/atau Konsultan Tahun 2025 [S.04]
Number of Non-Permanent/Contract Employees/Held by Contractors and/or Consultants in 2025




       380                   orang
                             people                             57,66%                              dari total karyawan
                                                                                                    from total employees



Laporan Tahunan 2025 Annual Report                                                                  PT Indoritel Makmur Internasional Tbk   69
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                                                                                                                                                        indoritel.co.id




                    Informasi Pemegang Saham
                    Shareholders Information
Company Profile
Profil Perusahaan




                    Komposisi Kepemilikan Saham [POJK C.3]                                         Share Ownership Composition [POJK C.3]
                    Berikut adalah komposisi pemegang saham Perseroan                              The following is the composition of the Company’s
                    per 1 Januari dan 31 Desember 2025:                                            shareholders as of January 1, 2025 and December 31, 2025:


                                                                                     Per 1 Januari 2025                            Per 31 Desember 2025
                                            Uraian                                    January 1, 2025                                December 31, 2025
                                          Description                   Jumlah Saham                Kepemilikan (%)         Jumlah Saham          Kepemilikan (%)
                                                                       Number of Shares              Ownership (%)         Number of Shares        Ownership (%)

                     Pemegang saham yang memiliki 5% (lima persen) atau lebih saham
                     Shareholders who own 5% (five percent) or more of the shares
                      1.     Hannawell Group Limited                      5.581.931.400                   39,35               5.581.931.400             39,35
                      2.     Anthoni Salim                                3.588.278.023                   25,30               3.588.278.023             25,30
                      3.     PT Megah Eraraharja                          2.854.633.305                   20,13               2.854.633.305             20,13
                     Sub Total                                          12.024.842.728                    84,78              12.024.842.728             84,78
                     Pemegang saham yang masing-masing memiliki kurang dari 5% (lima persen) saham
                     Shareholders who each own less than 5% (five percent) of the shares
                      4.     Masyarakat | Public
                             Perusahaan | Company                         1.509.200.264                   10,64               1.714.958.472             12,09
                             Individu | Individual                           13.613.508                    0,10                 13.907.900               0,10
                             Asuransi | Insurance                          636.343.500                     4,48                430.290.900               3,03
                     Sub Total                                            2.159.157.272                   15,22               2.159.157.272             15,22
                     Total                                              14.184.000.000                 100,00               14.184.000.000             100,00



                    Komposisi                    Kepemilikan    Saham                              Share Ownership                      Composition               by
                    berdasarkan                   Kelompok   Pemegang                              Shareholder Group
                    Saham

                                                                Per 1 Januari 2025                                          Per 31 Desember 2025
                                                                 January 1, 2025                                              December 31, 2025
                             Uraian
                           Description           Jumlah Investor                                           Jumlah Investor
                                                                  Jumlah Saham    Kepemilikan (%)                           Jumlah Saham Kepemilikan (%)
                                                   Number of                                                 Number of
                                                                 Number of Shares Ownership (%)                            Number of Shares Ownership (%)
                                                    Investors                                                 Investors

                     Domestik | Domestic
                      1.     Individu                   1.021      3.601.736.731           25,39                  1.102           3.602.020.623          25,40
                             Individual
                      2.     Institusi                    34       4.100.209.405           28,91                      40          4.089.774.313          28,83
                             Institution
                     Sub Total                          1.055      7.701.946.136           54,30                  1.142           7.691.794.936          54,23
                     Asing | Foreign
                      1.     Individu                      5              11.800            0,00                       5                 17.800           0,00
                             Individual
                      2.     Institusi                    23       6.482.042.064           45,70                      27          6.492.187.264          45,77
                             Institution
                     Sub Total                            28       6.482.042.064           45,70                      32          6.492.205.064          45,77
                     Total                              1.083     14.184.000.000         100,00                   1.174          14.184.000.000        100,00



                    Kepemilikan    Saham                        oleh        Dewan                  Share Ownership by the Board of
                    Komisaris dan Direksi                                                          Commissioners and Directors
                    Tercatat sejak 1 Januari 2025 hingga 31 Desember 2025,                         From January 1, 2025, to December 31, 2025, no
                    tidak terdapat anggota Dewan Komisaris dan Direksi                             members of the Board of Commissioners or Directors
                    yang memiliki saham Perseroan, baik secara langsung                            held shares in the Company, either directly or indirectly.
                    dan tidak langsung.



               70   PT Indoritel Makmur Internasional Tbk                                                                        Laporan Tahunan 2025 Annual Report
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Informasi mengenai Pemegang
Saham Utama dan/atau Pengendali
Information on Main and/or Controlling Shareholders




                                                                                                                             Company Profile
                                                                                                                             Profil Perusahaan
Berdasarkan Surat No. 004/MERDIR/VI/2013 tanggal        According to Letter No. 004/MERDIR/VI/2013 dated
28 Juni 2013 tentang Pemberitahuan Pengambilalihan      June 28, 2013, regarding the Notification of Acquisition,
disebutkan bahwa PT Megah Eraraharja merupakan          PT Megah Eraraharja is identified as the controlling
pemegang saham pengendali. Pelaporan Penerima           shareholder. The Company has reported the Beneficial
Manfaat Akhir (Beneficial Owner) telah dilaporkan       Owner to the Ministry of Law and Human Rights of the
Perseroan kepada Kementerian Hukum dan Hak Asasi        Republic of Indonesia. As of the end of 2025, the ultimate
Manusia Republik Indonesia. Per akhir 2025, pemilik     beneficial owner of the Company’s shares is Mr. Anthoni
manfaat akhir dari kepemilikan saham Perseroan adalah   Salim.
Bapak Anthoni Salim.




    PT Elang Saktiprabawa                                                  PT Zamrud Indah Persada




                      99,62%                                                           0,38%
                                         PT Megah Eraraharja




                                         Pemegang Saham Pengendali
                                           Controlling Shareholder


                                                        20,13%




Laporan Tahunan 2025 Annual Report                                              PT Indoritel Makmur Internasional Tbk   71
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                                                                                                                                                    indoritel.co.id




                    Struktur Grup Perusahaan
                    Corporate Group Structure
Company Profile
Profil Perusahaan




                                                                                                                                       Masyarakat (kepemilikan
                                                                                                                                     masing-masing saham kurang
                       Hannawell Group Limited                     Anthoni Salim                      PT Megah Eraraharja                         dari 5%
                                                                                                                                     Public ( with share ownership of
                                                                                                                                               less than 5%)

                                      39,35%                                 25,30%                               20,13%                                  15,22%




                                                                       99,99%                        40,00%                     37,51%                       25,77%


                                                                                           PT Indomarco
                                                            PT Indoritel Persada                                 PT Fastfood Indonesia        PT Nippon Indosari
                                                                                            Prismatama
                                                              Nusantara (IPN)                                          Tbk (FAST)             Corpindo Tbk (ROTI)
                                                                                            (Indomaret)




                           69,17%         2,80%

                        PT Mega Akses Persada
                             (FiberStar)




                          100%
                                     Fiberstar
                                     Pte. Ltd.



                           50%
                                 PT Jaringan Mega
                                   Sedayu (JMS)



                           50% PT Teknologi Mega
                                    Sedayu


                                                               Keterangan | Description :
                                                                    Pemegang Saham | Shareholders
                                                                    Pemegang Saham Pengendali | Controlling Shareholders
                                                                    Entitas Anak (Kepemilikan Langsung) | Subsidiaries (Direct Ownership)
                                                                    Entitas Anak (Kepemilikan Tidak Langsung) | Subsidiaries (Indirect Ownership)
                                                                    Entitas Asosiasi | Associate Entity
                                                                    Kepemilikan Langsung melalui Entitas Anak | Direct Ownership through Subsidiaries
                                                                    Ventura Bersama | Joint Venture
                                                                    Pemegang Saham dan Pemilik Manfaat Akhir | Shareholder and Ultimate Beneficial Owner



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Daftar Entitas Anak, Entitas
Asosiasi, dan Ventura Bersama
List of Subsidiaries, Associates, and Joint Ventures




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
                                                                                                                          Status Operasi
                                                                                        Jumlah Aset per 31                  dan Tahun
                                                                                          Desember 2025                       Operasi
                                                                                                             Kepemilikan
           Nama                    Bidang Usaha                      Alamat                  (Rp juta)                       Komersial
                                                                                                            Perseroan (%)
           Name                  Scope of Business                   Address             Total Assets as of                  Operating
                                                                                                            Ownership (%)
                                                                                        December 31, 2025                 Status and Year
                                                                                            (Rp million)                  of Commercial
                                                                                                                            Operations

 Entitas Anak
 Subsidiaries
 Kepemilikan Langsung
 Direct Ownership
 PT Indoritel Persada    Usaha Investasi                     Gedung Wisma                       29.114          99,99       Beroperasi
 Nusantara               Investment Business                 Indocement Lt. 10 |                                            sejak 2015
 (“IPN”)                                                     10th Fl.                                                       Commence
                                                             Jl. Jend. Sudirman                                             operation in
                                                             Kav 79-71, Jakarta 12910                                       2015
 PT Mega Akses Persada   Penyedia layanan infrastruktur      Cyber 2 Tower Lt. 3 |           5.602.105          69,17       Beroperasi
 (“MAP/FiberStar”)       nasional berbasis kabel fiber       3rd Fl. Jl. H. R. Rasuna                                       sejak 2014
                         optik dengan konsep net             Said Blok X-5 No. 13                                           Commence
                         netralitas                          Jakarta Selatan | South                                        operation in
                         Fiber optic cable-based             Jakarta 12950, Indonesia                                       2014
                         national infrastructure service     Telp: (021) 8062 1200
                         provider with the concept of        Fax: (021) 8062 1299
                         net neutrality
 Kepemilikan Tidak Langsung
 Indirect Ownership
 PT Mega Akses Persada   Penyedia layanan infrastruktur      Cyber 2 Tower Lt. 3 |           5.602.105     Kepemilikan      Beroperasi
 (“MAP/FiberStar”)       nasional berbasis kabel fiber       3rd Fl. Jl. H. R. Rasuna                      saham IPN        sejak 2014
                         optik dengan konsep net             Said Blok X-5 No. 13                          dalam MAP        Commence
                         netralitas                          Jakarta Selatan | South                       adalah 2,80%.    operation in
                         Fiber optic cable-based             Jakarta 12950, Indonesia                      IPN’s shares     2014
                         national infrastructure service     Telp: (021) 8062 1200                         ownership in
                         provider with the concept of        Fax: (021) 8062 1299                          MAP is 2.80%.
                         net neutrality
 Fiberstar Pte. Ltd      •    Jaringan komunikasi            Singapura                               -     Kepemilikan      Belum
                              berbasis kabel (termasuk       Singapore                                     saham            beroperasi
                              jaringan tetap, serat optik,                                                 MAP dalam        sejak 2022
                              penyedia dan penyewaan                                                       Fiberstar Pte.   Not
                              lokal sentral telepon                                                        Ltd. adalah      operational
                              otomatis)                                                                    100%.            since 2022
                              Cable-based                                                                  MAP’s shares
                              communication networks                                                       ownership in
                              (including fixed lines,                                                      Fiberstar Pte.
                              optical fibers, local                                                        Ltd. is 100%.
                              providers and rentals
                              of automatic telephone
                              exchange);

                         ï    Agen penjual
                              telekomunikasi/penyedia
                              layanan telekomunikasi
                              layer ketiga.
                              Telecommunications
                              sales agent/third-layer
                              telecommunications service
                              provider




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                                                                                                                                             Status Operasi
                                                                                                           Jumlah Aset per 31                  dan Tahun
                                                                                                             Desember 2025                       Operasi
                                                                                                                                Kepemilikan
                              Nama                        Bidang Usaha                 Alamat                   (Rp juta)                       Komersial
                                                                                                                               Perseroan (%)
                              Name                      Scope of Business              Address              Total Assets as of                  Operating
                                                                                                                               Ownership (%)
                                                                                                           December 31, 2025                 Status and Year
                                                                                                               (Rp million)                  of Commercial
                                                                                                                                               Operations

                      Entitas Asosiasi
                      Associates
Company Profile
Profil Perusahaan




                      PT Indomarco             Ritel                           Menara Indomaret                60.266.450          40,00      Beroperasi
                      Prismatama               Retail                          Jl. Pantai Indah Kapuk                                         sejak 1988
                      (“Indomaret”)                                            Boulevard, No 1,                                               Commence
                                                                               Pantai Indah Kapuk,                                            operation in
                                                                               Jakarta Utara, 14470                                           1988
                                                                               Telp: (021) 5089 7400
                                                                               (Hunting), (021) 5089
                                                                               7411 (Hunting)
                      PT Fast Food Indonesia   Restoran Cepat Saji             MT Haryono St No.7,              4.946.861          37,51      Beroperasi
                      Tbk (“FAST”)             Fast Food Restaurant            RT.1/ RW.6, Tebet Barat,                                       sejak 1978
                                                                               Jakarta Selatan                                                Commence
                                                                               13630                                                          operation in
                                                                               Telp: (021) 830 1133                                           1978
                      PT Nippon Indosari       Makanan (Roti)                  Kawasan Industri                 3.537.709          25,77      Beroperasi
                      Corpindo Tbk (“ROTI”)    Food (Bread)                    MM2100                                                         sejak 1995
                                                                               Jl. Selayar Blok A9                                            Commence
                                                                               Bekasi, Jawa Barat 17530                                       operation in
                                                                                                                                              1995
                      Ventura Bersama
                      Joint Venture
                      PT Jaringan Mega         Penyedia Jaringan Serat Optik   Jalan Pantai Indah Barat           137.846          50,00      Beroperasi
                      Sedayu (“JMS”)           Fiber Optic Network Provider    No. 1                                                          sejak 2018
                                                                               Telp: (021) 5155555                                            Commence
                                                                                                                                              operation in
                                                                                                                                              2018
                      PT Teknologi Mega        Pengelolaan teknologi dan       ASG Office Tower                    21.698          50,00      Beroperasi
                      Sedayu                   pengembangan sistem digital     Lantai 12 Unit D                                               sejak tahun
                                               Technology management and       Jl. Pantai Indah Kapuk                                         2024
                                               digital system development      Boulevard, Jakarta Utara,                                      Commence
                                                                               Desa/Kelurahan Kamal                                           operation in
                                                                               Muara, Kec. Penjaringan,                                       2024
                                                                               Kota Adm. Jakarta Utara,
                                                                               Provinsi DKI Jakarta,
                                                                               14470
                                                                               Telp.: 021-39717111




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Profil Entitas Anak dan
Entitas Asosiasi
Profile of Subsidiaries and Associates




                                                                                                                            Company Profile
                                                                                                                            Profil Perusahaan
 IPN
Sebagaimana termaktub dalam Akta Notaris Wiwik             As stated in the Notarial Deed of Wiwik Condro, S.H.,
Condro, S.H., No. 39 tanggal 11 Mei 2015, Perseroan dan    No. 39 dated May 11, 2015, the Company and PT Megah
PT Megah Eraraharja yang bertindak sebagai pemegang        Eraraharja, acting as the controlling shareholder,
saham pengendali Perseroan mendirikan Entitas Anak         established a Subsidiary named IPN with an issued and
Bernama IPN dengan modal ditempatkan dan disetor           fully paid-up capital of Rp30 billion. IPN operates in the
penuh sebesar Rp30 miliar. IPN bergerak di bidang          investment sector and currently holds a 2.80% stake in
usaha investasi, yang saat ini juga memiliki 2,80% saham   FiberStar
FiberStar.



 FiberStar
Sejak 2014, FiberStar beroperasi sebagai penyedia          Since 2014, FiberStar has been operating as a national
infrastruktur nasional berbasis kabel fiber optik          infrastructure service provider based on fiber optic cable
dengan konsep net netralitas. Menggunakan jaringan         technology with a net neutrality concept. Utilizing a 100%
100% fiber optik, FiberStar membangun arsitektur           fiber optic network, FiberStar builds an open-access
akses terbuka yang memungkinkan berbagai penyedia          architecture that enables various telecommunications
layanan telekomunikasi menawarkan layanan triple           service providers to offer triple-play services. FiberStar
play. FiberStar terus berkomitmen mendorong inovasi        remains committed to driving innovation and digital
dan transformasi digital melalui penyediaan jaringan       transformation by providing a reliable, nationwide
broadband nasional yang andal.                             broadband network.




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                    Hingga tahun 2025, FiberStar telah melayani 483.455         As of 2025, FiberStar has served 483,455 customers,
                    pelanggan, didukung gelaran kabel fiber optik sepanjang     supported by a fiber optic cable network spanning
                    63.758 km untuk layanan internet berkecepatan tinggi        63,758 km, delivering high-speed internet services
                    dengan tingkat realibilitas yang kuat. Saat ini, layanan    with strong reliability. Currently, FiberStar services
                    FiberStar telah menjangkau 17 Provinsi, termasuk            cover 17 provinces, including undersea cable networks
                    jaringan kabel laut yang menghubungkan 145 Kota/            connecting 145 cities/districts in Sumatra, Java, Bali,
                    Kabupaten di Sumatra, Jawa, Bali, Kalimantan, dan           Kalimantan, and Sulawesi to Singapore. This terrestrial
                    Sulawesi hingga ke Singapura. Infrastruktur darat dan       and submarine infrastructure is expected to strengthen
Company Profile
Profil Perusahaan




                    laut ini diharapkan memperkuat ketahanan nasional,          national resilience, particularly in the development of
                    khususnya dalam pengembangan ekonomi digital                Indonesia’s digital economy.
                    Indonesia.



                     PT Jaringan Mega Sedayu
                    PT Jaringan Mega Sedayu (JMS) adalah perusahaan             PT Jaringan Mega Sedayu (JMS) is a fiber optic network
                    penyelenggara jaringan fiber optik yang beroperasi di       provider company in the Pantai Indah Kapuk (PIK) 1, 2,
                    kawasan Pantai Indah Kapuk (PIK) 1, 2 dan Golf Island.      and Golf Island areas. JMS is a joint venture company
                    JMS merupakan perusahaan ventura bersama antara             between Sedayu One Network (Agung Sedayu Group)
                    Sedayu One Network (Agung Sedayu Group) dan                 and FiberStar with 50% ownership each.
                    FiberStar dengan komposisi kepemilikan masing-masing
                    sebesar 50%.



                     PT Teknologi Mega Sedayu
                    PT Teknologi Mega Sedayu adalah perusahaan yang             PT Teknologi Mega Sedayu is a company specializing
                    mendukung pengelolaan teknologi dan pengembangan            in technology management and digital system
                    sistem digital yang beroperasi di kawasan Pantai Indah      development, operating in the Pantai Indah Kapuk
                    Kapuk (PIK) 1, 2, Riverwalk Island dan Golf Island.         (PIK) 1, 2, Riverwalk Island, and Golf Island areas.
                    PT Teknologi Mega Sedayu merupakan perusahaan               PT Teknologi Mega Sedayu is a joint venture between
                    ventura bersama antara PT Prima Teknologi Investama         PT Prima Teknologi Investama and PT Mega Akses
                    dan PT Mega Akses Persada (FiberStar) dengan                Persada (FiberStar), with each holding a 50% stake.
                    komposisi kepemilikan masing masing 50%.



                     Fiberstar Pte. Ltd
                    Fiberstar Pte. Ltd. adalah perusahaan yang bergerak di      Fiberstar Pte. Ltd. is a company engaged in the field of
                    bidang jaringan komunikasi berbasis kabel (termasuk         cable-based communication networks (including fixed
                    jaringan tetap, serat optik, penyedia dan penyewaan lokal   lines, fiber optics, local providers and rentals of automatic
                    sentral telepon otomatis), serta sebagai agen penjual       telephone exchange), as well as telecommunications
                    telekomunikasi/penyedia         layanan    telekomunikasi   sales agents/third-layer telecommunications service
                    lapis ketiga. Seluruh saham Fiberstar Pte. Ltd. dimiliki    provider. All shares of Fiberstar Pte. Ltd. is wholly owned
                    sepenuhnya oleh FiberStar.                                  by FiberStar.



                     Indomaret
                    Indomaret merupakan salah satu operator jaringan            Indomaret stands as one of Indonesia’s largest
                    minimarket terbesar di Indonesia. Perjalanan bisnisnya      minimarket       networks.   Indomaret      commenced
                    dimulai pada 1988 ketika toko pertama dibuka di             operations in 1988 with the opening of its first store
                    Ancol, Jakarta, dengan nama “Indomart” dan berfokus         in Ancol, Jakarta, under the “Indomart” brand, offering
                    menyediakan      kebutuhan   sehari-hari.   Menyusul        a range of daily necessities. In 1995, in alignment
                    kampanye pemerintah mengenai penggunaan Bahasa              with a government initiative promoting the use of the
                    Indonesia yang baik, pada 1995 nama dan logo                Indonesian language, the brand name and logo were
                    “Indomart” resmi diubah menjadi “Indomaret,” yang           officially updated to “Indomaret,” a name that continues
                    digunakan hingga kini.                                      to represent it today.




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                                                                                                                                Company Profile
                                                                                                                                Profil Perusahaan
Pada 1997, Indomaret menjadi pionir program waralaba      In 1997, Indomaret pioneered the introduction of a
di sektor minimarket dengan memperkenalkan skema          franchise model in the minimarket sector, establishing
kemitraan kepemilikan gerai di bawah pengelolaan          a partnership-based store ownership system under
manajemen pusat. Operasionalnya menerapkan                centralized management. It operates a hub-and-spoke
sistem hub and spoke yang menghubungkan pusat             distribution network, linking its Distribution Centers
distribusi (Distribution Centres/DC) dengan seluruh       (DCs) to all stores. Each DC is supported by a fleet of
gerai. Setiap DC didukung sekitar 100–110 kendaraan       approximately 100–110 vehicles, ensuring rapid and
untuk memastikan proses distribusi berjalan cepat dan     efficient product distribution. Indomaret also leverages
efisien. Indomaret juga memanfaatkan sistem database      a centralized database system to monitor product
terpusat yang memantau permintaan produk di setiap        demand across stores and DCs. Once order quantities
gerai dan DC. Ketika jumlah pemesanan mencapai            reach a defined economic threshold, the system
tingkat ekonomi tertentu, sistem secara otomatis          automatically triggers replenishment from the DCs or
melakukan pemesanan kepada DC atau pemasok untuk          suppliers, ensuring consistent stock availability at all
menjaga ketersediaan barang di toko.                      stores.

Selaras dengan motonya, “Mudah dan Hemat,”                Aligned with its motto, “Mudah dan Hemat” (Easy and
Indomaret menerapkan strategi bisnis yang menekankan      Economical), Indomaret pursues a business strategy
harga terjangkau, lokasi yang strategis, serta promosi    centered on competitive pricing, strategic store
dan potongan harga yang menarik. Produk yang              placement, and compelling promotions and discounts.
ditawarkan sangat beragam, mulai dari makanan dan         Indomaret offers a broad and diverse product range,
minuman, kebutuhan anak, hingga perlengkapan              including food and beverages, baby care items, and
rumah tangga. Indomaret juga menyediakan berbagai         household essentials. In addition, Indomaret enhances
layanan tambahan, seperti pengiriman barang belanja,      customer convenience through a suite of value-added
pembayaran tagihan, pembelian tiket, transfer             services, such as grocery delivery, bill payments, ticketing,
dana, fasilitas ATM, serta pemasangan i-kiosk untuk       fund transfers, ATM access, and the deployment of
mengurangi antrean dan meningkatkan kualitas layanan.     i-kiosks to streamline queues and improve service quality.

Sepanjang tahun 2025, Indomaret membuka 944 gerai         Throughout 2025, Indomaret opened 944 new stores,
baru, sehingga total gerai saat ini mencapai lebih dari   bringing the total to over 24,000 stores. This consistent
24.000 gerai. Ekspansi konsisten ini memperkuat           expansion strengthens Indomaret’s capability and
kemampuan dan aksesibilitas Indomaret dalam               accessibility in meeting increasingly diverse customer
memenuhi kebutuhan pelanggan yang semakin                 needs, enhancing brand presence, and bringing
beragam, meningkatkan kehadiran merek, dan semakin        Indomaret closer to the community.
mendekatkan diri kepada masyarakat.

Indomaret juga berkomitmen menerapkan praktik bisnis      Indomaret is also committed to implementing sustainable
berkelanjutan yang memberikan manfaat bagi seluruh        business practices that benefit all stakeholders. Through
pemangku kepentingan. Melalui program kemitraan           its partnership program with MSMEs (UMKM), Indomaret
dengan UMKM, Indomaret turut memberdayakan                empowers local entrepreneurs by providing space for
pelaku usaha lokal dengan menyediakan ruang bagi          MSME products ranging from ready-to-eat meals and



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                    produk UMKM mulai dari makanan cepat saji, lauk-           side dishes to traditional Indonesian snacks across
                    pauk, hingga jajanan nusantara di seluruh gerainya.        its stores. Through this step, Indomaret contributes
                    Dengan langkah ini, Indomaret berkontribusi langsung       directly to strengthening regional economies and driving
                    dalam memperkuat ekonomi daerah dan mendorong              broader economic growth.
                    pertumbuhan ekonomi secara lebih luas.



                     FAST
Company Profile
Profil Perusahaan




                    Didirikan pada tahun 1978, PT Fast Food Indonesia Tbk      Founded in 1978, PT Fast Food Indonesia Tbk (FAST)
                    (FAST) merupakan pemegang hak waralaba tunggal             is the exclusive franchise holder for two world-class
                    untuk dua merek restoran cepat saji kelas dunia, yaitu     quick service restaurant brands, namely Kentucky Fried
                    Kentucky Fried Chicken (KFC) dan Taco Bell. KFC telah      Chicken (KFC) and Taco Bell. KFC has been operating
                    beroperasi di Indonesia selama lebih dari 45 tahun dan     in Indonesia for more than 45 years and is one of the
                    merupakan salah satu merek quick service restaurant        largest and most recognized quick service restaurant
                    terbesar serta paling dikenal di Tanah Air. Sementara      brands in the country. Meanwhile, Taco Bell began
                    itu, Taco Bell mulai beroperasi di Indonesia sejak 2020,   its operations in Indonesia in 2020, offering Mexican
                    dengan menawarkan hidangan khas Meksiko melalui            specialties through its signature menu items such as
                    menu andalan seperti taco dan burrito.                     tacos and burritos.

                    Dalam mempertahankan posisinya sebagai restoran            To maintain its position as a leading and highly favored
                    cepat saji yang unggul dan digemari masyarakat, FAST       quick service restaurant, FAST instills the culture of
                    menanamkan budaya “We Are the Owner of KFC” kepada         “We Are the Owner of KFC” among all employees. This
                    seluruh karyawan. Nilai budaya ini menumbuhkan             cultural value fosters a strong sense of ownership,
                    rasa kepemilikan yang kuat, sehingga setiap karyawan       encouraging every employee to consistently deliver
                    terdorong untuk secara konsisten menyajikan produk         high-quality products and provide fast, friendly, and
                    berkualitas tinggi serta memberikan pelayanan yang         customer-oriented service.
                    cepat, ramah, dan berorientasi pada kepuasan pelanggan.

                    Untuk mendukung pencapaian Operational Efficiency          To support the achievement of comprehensive
                    secara menyeluruh, FAST menerapkan CHAMPS                  operational efficiency, FAST implements the CHAMPS
                    Management System, yang mencakup aspek Cleanliness         Management System, which encompasses Cleanliness,
                    (Kebersihan),   Hospitality (Keramahan), Accuracy          Hospitality, Accuracy (order and packaging accuracy),
                    (Ketepatan pesanan dan pengemasan), Maintenance            Maintenance         (restaurant   asset    maintenance),
                    (Pemeliharaan aset restoran), Product (Kualitas produk),   Product (product quality), and Speed (service speed)
                    serta Speed (Kecepatan layanan) di seluruh jaringan        across its entire restaurant network. The consistent
                    restorannya. Konsistensi dalam penerapan standar           implementation of these operational standards has
                    operasional tersebut telah menempatkan FAST sebagai        positioned FAST as a market leader in terms of customer
                    pemimpin pasar dari sisi jumlah kunjungan pelanggan,       visits compared to other major quick service restaurant
                    dibandingkan dengan merek restoran cepat saji besar        brands in Indonesia. The Company continues to pursue
                    lainnya di Indonesia. Perseroan terus melakukan            ongoing transformation, adaptation, and innovation to
                    transformasi, adaptasi, dan inovasi secara berkelanjutan   realize its vision of becoming the preferred quick service
                    untuk mewujudkan visinya sebagai restoran cepat saji       restaurant offering the best quality and uncompromising
                    pilihan utama dengan kualitas terbaik serta nilai inti     core values for customers.
                    tanpa kompromi bagi pelanggan.

                    Sebagai bentuk komitmen terhadap mutu dan kualitas,        As part of its commitment to quality excellence, FAST
                    FAST memperoleh sertifikasi ISO 9001:2008 Quality          obtained the ISO 9001:2008 Quality Management System
                    Management System pada tahun 2012 untuk seluruh            certification in 2012, covering all KFC outlets and regional
                    gerai KFC dan kantor regional. Proses resertifikasi        offices. Recertification is conducted periodically to
                    dilakukan secara berkala guna memastikan konsistensi       ensure consistent implementation of quality standards,
                    penerapan standar mutu, termasuk untuk gudang serta        including warehouses and supporting departments at
                    departemen pendukung di kantor pusat. Pada tahun           the head office. In 2020, FAST successfully maintained
                    2020, FAST berhasil mempertahankan sertifikasi tersebut    its certification with an upgraded standard to ISO
                    dengan peningkatan standar menjadi ISO 9001:2015.          9001:2015.

                    FAST terus mengembangkan model bisnis secara adaptif       FAST continues to develop its business model adaptively
                    dan inovatif untuk merespons dinamika pasar serta          and innovatively to respond to market dynamics and
                    perubahan gaya hidup pelanggan. Saat ini, Perseroan        evolving customer lifestyles. Currently, the Company
                    menyediakan berbagai kanal layanan, termasuk take-         provides multiple service channels, including take-


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away, drive-thru, online ordering, dan layanan pesan        away, drive-thru, online ordering, and delivery
antar. Berbagai program promosi dijalankan melalui          services. Various promotional programs are conducted
aggregator dan platform pihak ketiga untuk menjaga          through aggregators and third-party platforms to
stabilitas transaksi. Selain itu, FAST memperluas kerja     maintain transaction stability. In addition, FAST has
sama dengan institusi perbankan serta menerapkan            expanded collaborations with banking institutions and
pembayaran nirsentuh melalui berbagai platform              implemented contactless payments through various
pembayaran digital seperti OttoPay, OVO, DANA, GoPay,       digital payment platforms such as OttoPay, OVO, DANA,
ShopeePay, dan LinkAja, serta menyediakan e-voucher         GoPay, ShopeePay, and LinkAja, while also providing




                                                                                                                             Company Profile
                                                                                                                             Profil Perusahaan
melalui kemitraan dengan Sodexo.                            e-vouchers through partnerships with Sodexo.



 KFC
Sebagai pemegang hak waralaba merek KFC dari Yum!           As the franchise holder of the KFC brand from Yum!
Restaurants International, FAST membuka gerai KFC           Restaurants International, FAST opened its first KFC
pertamanya pada tahun 1979 di kawasan komersial             outlet in 1979 in the Melawai commercial area, South
Melawai, Jakarta Selatan. Gerai ini meraih respons          Jakarta. The outlet received a positive response from the
positif dari masyarakat dan menjadi pijakan awal            public and became the foundation for expanding the
bagi perluasan jaringan KFC ke berbagai kota besar di       KFC network to major cities across Indonesia, including
Indonesia, mulai dari Jabodetabek, Bandung, Medan,          Jabodetabek, Bandung, Medan, Surabaya, Semarang,
Surabaya, Semarang, hingga Bali, serta kini tersebar luas   and Bali, and is now widely present from Aceh to Papua.
dari Aceh hingga Papua.

Pada tahun 1990, Salim Group resmi menjadi salah            In 1990, the Salim Group officially became one of
satu pemegang saham utama FAST, yang semakin                FAST’s major shareholders, further strengthening the
memperkuat kapasitas Perseroan dalam melakukan              Company’s capacity to expand its KFC network. Three
pengembangan dan ekspansi jaringan KFC. Tiga tahun          years later, FAST listed its shares on the Indonesia Stock
kemudian, FAST mencatatkan sahamnya di Bursa Efek           Exchange (IDX). In 1994, KFC celebrated the opening of
Indonesia (BEI). Pada 1994, KFC merayakan pembukaan         its 100th outlet, located in Nusa Dua, Bali. By 2008, FAST
gerai ke-100 yang berlokasi di Nusa Dua, Bali. Memasuki     began focusing on developing restaurants with free-
tahun 2008, FAST mulai memfokuskan pengembangan             standing and one-stop concepts and, in the same year,
restoran dengan konsep free standing dan one stop           opened its 400th outlet at La Terrace, Lenteng Agung,
concept, serta pada tahun yang sama membuka gerai           South Jakarta.
ke-400 di La Terrace, Lenteng Agung, Jakarta Selatan.

Seiring perjalanan waktu, KFC terus memperkuat              Over time, KFC has continued to strengthen its position
posisinya dan beradaptasi terhadap berbagai tantangan,      and adapt to various challenges, including during the
termasuk pada masa pandemi. Sepanjang tahun 2025,           pandemic. Throughout 2025, KFC opened 8 new outlets
KFC membuka 8 gerai baru dan menutup 32 gerai lama,         and closed 32 old ones, bringing the total number of KFC
sehingga total jumlah gerai KFC pada akhir tahun 2025       outlets at the end of 2025 to 683, spread across more
mencapai 683 gerai yang tersebar di lebih dari 182 kota/    than 182 cities/districts in 37 provinces throughout
kabupaten di 37 provinsi di seluruh Indonesia.              Indonesia.




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                     Taco Bell
                    Pada Juli 2020, FAST memperoleh hak waralaba dari Taco       In July 2020, FAST obtained a franchise license from Taco
                    Bell International untuk mengoperasikan restoran Taco        Bell International to operate Taco Bell restaurants in
                    Bell di Indonesia. Gerai pertama dibuka di Jl. Senopati,     Indonesia. The first outlet was opened on Jl. Senopati,
                    Jakarta Selatan, dan mendapatkan sambutan positif            South Jakarta, and received a positive response from
                    dari pelanggan berkat kualitas menu, ragam pilihan           customers, driven by the quality of its menu, diverse
                    produk, serta layanan dan fasilitas yang ditawarkan.         product offerings, as well as the services and facilities
Company Profile
Profil Perusahaan




                    Respons pasar tersebut menunjukkan bahwa konsep              provided. This market response demonstrated that Taco
                    dan cita rasa Taco Bell dapat diterima dengan baik oleh      Bell’s concept and distinctive flavors were well received
                    masyarakat Indonesia dari berbagai segmen.                   by Indonesian consumers across various segments.

                    Pada tahun 2025, FAST menambah 1 gerai Taco Bell             In 2025, FAST added one Taco Bell outlet located in
                    yang berlokasi di Kemang, Jakarta Selatan. Dengan            Kemang, South Jakarta. With this addition, as of the end
                    penambahan tersebut, hingga akhir 2025, jumlah gerai         of 2025, the total number of Taco Bell outlets reached
                    Taco Bell mencapai 7 gerai yang seluruhnya berlokasi di      seven, all of which are located within the Greater Jakarta
                    wilayah Jabodetabek.                                         (Jabodetabek) area.




                     ROTI
                    Didirikan pada 1995, ROTI kini merupakan perusahaan          Founded in 1995, ROTI has grown to become Indonesia’s
                    roti terbesar di Indonesia yang dikenal luas melalui merek   largest bakery, widely recognized for its flagship brands,
                    produk andalannya, seperti Sari Roti, Sari Kue, dan Sari     Sari Roti, Sari Kue, and Sari Choco. The company
                    Choco. Operasional pertama ROTI dimulai pada 1996            commenced its first operations in 1996 at its Cikarang
                    di pabrik Cikarang Blok W, Kawasan Industri Jababeka.        Blok W facility within the Jababeka Industrial Estate.
                    ROTI resmi melantai di BEI dengan kode saham “ROTI”          In 2010, ROTI officially listed on the Indonesia Stock
                    pada 2010. ROTI terus memperluas jaringan distribusi,        Exchange (IDX) under the stock code “ROTI.” Since then,
                    yang kini menjangkau lebih dari 100.000 titik penjualan      ROTI has consistently expanded its distribution network,
                    melalui kanal modern maupun tradisional. Saat ini, ROTI      which now reaches over 100,000 points of sale across
                    memiliki 15 pabrik yang tersebar secara strategis untuk      both modern and traditional channels. To support its
                    mendukung operasional di seluruh Indonesia.                  widespread operations, the company currently operates
                                                                                 15 strategically located factories throughout Indonesia.



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Selama lebih dari 30 tahun, ROTI tumbuh kuat di segmen       For over 30 years, ROTI has thrived in the mass-
roti produksi massal dengan mengutamakan produk              produced bread segment, prioritizing halal products
halal, berkualitas tinggi, bernuansa cita rasa lokal, dan    with high quality, local flavors, and affordability for all
terjangkau untuk seluruh keluarga Indonesia. Seluruh         Indonesian families. All products are registered with the
produknya telah terdaftar di BPOM, bersertifikat halal,      Food and Drug Authority (BPOM), halal-certified, and
serta menerapkan standar manajemen mutu dan                  implement international quality management and food
keamanan pangan internasional, termasuk FSCC 22000,          safety standards, including FSCC 22000, ISO 22000:2018,
ISO 22000:2018, ISO 9001:2015, Good Manufacturing            ISO 9001:2015, Good Manufacturing Practices (GMP),




                                                                                                                                   Company Profile
                                                                                                                                   Profil Perusahaan
Practices (GMP), Sanitation Standard Operating               Sanitation Standard Operating Procedure (SSOP), ISO
Procedure (SSOP), ISO 14001, dan SMK3.                       14001, and SMK3.

ROTI senantiasa mengembangkan usaha dengan                   ROTI continues to develop its business with “Growth
“Growth Beyond Bread” atau tumbuh melampaui                  Beyond Bread,” or growth beyond the bread business,
bisnis roti didukung 6 unit usaha yakni Sari Roti, Sari      supported by six business units: Sari Roti, Sari Kue,
Kue, Sari Choco, Indosari Food Solution, Distribusi, dan     Sari Choco, Indosari Food Solution, Distribution, and
Ritel untuk mendukung pertumbuhan berkelanjutan              Retail, to support sustainable growth and enhance the
serta meningkatkan keunggulan Perseroan di masa              Company’s competitiveness in the future.
mendatang.

Sari Roti, produk unggulan termasuk seri Tawar, seri         Sari Roti’s flagship products, including the Plain, Sobek,
Sobek, dan Sandwich terus mendominasi segmen roti.           and Sandwich series, have consistently maintained their
Kami memperkuat portofolio dengan produk baru                leadership in the bread segment. We strengthened our
seperti seri Klasik, baik untuk varian roti tawar maupun     portfolio with new products, such as the Classic series,
roti manis, yang menargetkan segmen konsumen                 for both white and sweet bread variants, targeting the
berpenghasilan bawah.                                        lower-income consumer segment.

Sari Kue, memperluas variasi produk hingga mencakup          Sari Kue expanded our product range to include cakes,
kue, kue kering, pastri, dan baked goods lainnya guna        cookies, pastries, and other baked goods to appeal to a
menarik konsumen demografi populasi lebih muda.              younger demographic. We also introduced a new range
Kami juga memperkenalkan rangkaian produk baru               of waffles and cupcakes, complementing our best-selling
berupa Waffle dan Cupcake, melengkapi produk terlaris        Dorayaki, Bamkuhen, and Cheesecake.
kami Dorayaki, Bamkuhen, dan Cheesecake.

Sari Choco, telah berhasil meluncurkan selai, mesis,         Sari Choco successfully launched jams, chocolate
susus, dan produk berbasis cokelat lainnya yang              sprinkles, milk, and other chocolate-based products
dikembangkan dari cita rasa cokelat khas Sari Roti.          developed from Sari Roti’s signature chocolate flavors.

Indosari Food Solutions, bisnis B2B yang memasok roti        Indosari Food Solutions, a B2B business that supplies
bun, pastri, kue, dan perasa untuk bisnis seperti jaringan   buns, pastries, cakes, and flavorings to businesses such
cepat saji, kafe, hotel, dan gerai ritel makanan.            as fast food chains, cafes, hotels, and food retail outlets.

Distribusi, mendistribusikan produk kami sendiri             Distribution, distributing our own products and third-
maupun merek pihak ketiga, baik di kanal modern              party brands, through both modern and traditional
maupun tradisional.                                          channels.

Retail, melalui gerai, toko roti, dan kafe untuk segmen      Retail, through outlets, bakeries, and cafes, targets both
premium maupun kelas menengah.                               the premium and mid-range segments.




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                    Kronologi Pencatatan Saham
                    Chronology of Shares Listing
Company Profile
Profil Perusahaan




                                                                                                                        Jumlah Saham
                                                                                                      Harga
                                                                    Jumlah Saham Nilai Nominal                        Tercatat Pasca Aksi
                                                                                                   Penawaran
                         Aksi Korporasi              Tanggal           Tercatat        Saham                               Korporasi               Bursa
                                                                                                      Saham
                        Corporate Action              Date         Number of Listed Nominal Value                   Number of Listed Shares      Exchange
                                                                                                  Shares Offering
                                                                        Shares        of Shares                      after Each Corporate
                                                                                                       Price
                                                                                                                             Action
                     Penawaran Umum            21 November 2000         64.000.000        Rp250            Rp250               184.000.000          BEI
                     Saham Perdana             November 21, 2000                                                                                    IDX
                     Initial Public Offering
                     of Shares
                     PUT dengan                5 Juni 2013          14.000.000.000        Rp500            Rp250            14.184.000.000          BEI
                     menerbitkan HMETD         June 5, 2013                                                                                         IDX
                     PUT by issuing HMETD




                    Kronologi Penerbitan Efek Lainnya
                    Chronology of Other Securities



                    Per 31 Desember 2025, Perseroan tidak menerbitkan                   As of December 31, 2025, the Company has not issued
                    efek lainnya selain saham yang diperdagangkan saat                  any other securities other than the shares currently
                    ini. Oleh sebab itu, tidak terdapat informasi terkait               traded. Therefore, there is no information regarding the
                    kronologi pencatatan efek lainnya yang dapat disajikan              chronology of other securities listing to be presented in
                    dalam Laporan Terintegrasi ini.                                     this Integrated Report.




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Auditor Eksternal
External Auditor




                                                                                                                                    Company Profile
                                                                                                                                    Profil Perusahaan
Perseroan menunjuk Kantor Akuntan Publik (KAP)                     The Company appoints an independent Public
secara independen sebagai lembaga profesi penunjang                Accounting Firm (KAP) as a professional institution
Perseroan untuk melakukan audit keuangan dan                       supporting the Company to conduct financial audits
memberikan opini terkait kesesuaian penyajian laporan              and provide opinions regarding the conformity of the
keuangan Perseroan terhadap Standar Akuntansi                      presentation of the Company’s financial statements to
Keuangan (SAK) yang berlaku di Indonesia.                          the Financial Accounting Standards (SAK) applicable in
                                                                   Indonesia.

Sesuai keputusan RUPS Tahunan pada 25 Juni 2025,                   In accordance with the decision of the Annual GMS on
Perseroan menunjuk KAP Purwanto Susanti dan Surja                  June 25, 2025, the Company appointed KAP Purwanto
(anggota jaringan firma Ernst & Young Global Limited)              Susanti and Surja (member of the Ernst & Young Global
dan Akuntan Publik        Benyanto Suherman untuk                  Limited) and Public Accountant Benyanto Suherman to
mengaudit Laporan Keuangan Konsolidasian Perseroan                 audit the Company’s Consolidated Financial Statements
tahun buku 2025, dengan periode penugasan sejak                    for the 2025 financial year, with an assignment period
tanggal penunjukannya hingga Laporan Keuangan                      from the date of appointment until the Financial
diterbitkan dan dipublikasikan.                                    Statements are issued and published.

Biaya yang dikeluarkan atas jasa audit atas Laporan                The costs incurred for audit services for the Company’s
Keuangan Perseroan yang berakhir pada 31 Desember                  Financial Statements ending December 31, 2025
2025 adalah sebesar Rp825.000.000 (di luar pajak). KAP             amounted to Rp825,000,000 (excluding tax). KAP does
tidak memberikan jasa lainnya di luar jasa audit yang              not provide other services outside the audit services
telah disebutkan.                                                  mentioned.




                                         KAP Purwanto Susanti dan Surja
                                     (anggota jaringan firma Ernst & Young Global Limited)
                                     (a member of the Ernst & Young Global Limited of firms)

                                      Gedung Bursa Efek Indonesia, Menara 2, Lantai 7,
                               Jalan Jenderal Sudirman Kav. 52–53, 12190, Jakarta, Indonesia.




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                    Informasi Lembaga/Profesi
                    Penunjang Pasar Modal
                    Information on Other Capital Market Supporting
                    Professional Institutions
Company Profile
Profil Perusahaan




                     Lembaga/Profesi                        Kustodian
                     Institution/Profession                 Custodian
                     Nama Lembaga                           PT Kustodian Sentral Efek Indonesia (KSEI)
                     Name of Institution
                     Alamat                                 Gedung Bursa Efek Indonesia, Tower 1, Lt. 5 | 5th Floor
                     Address                                Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190, Indonesia
                                                            Tel: +62 21 515 2855
                                                            Fax: +62 21 5299 1199
                                                            E-mail: helpdesk@ksei.co.id
                                                            Website: www.ksei.co.id
                     Periode Penunjukan                     Tahun Buku 2025
                     Appointment Period                     Fiscal Year 2025
                     Jasa yang Diberikan                    Pengurusan administrasi penitipan efek dan harta lain yang berkaitan dengan efek Perseroan.
                     Services Provided                      Administration of securities depository and other assets related to the Company's securities.
                     Biaya (di luar pajak)                  Rp10.000.000
                     Fees (excluding taxes)




                     Lembaga/Profesi                        Biro Administrasi Efek
                     Institution/Profession                 Registrar
                     Nama Lembaga                           PT Raya Saham Registra
                     Name of Institution
                     Alamat                                 Gedung Plaza Sentral Lt. 2 | 2nd Floor
                     Address                                Jl. Jend.Sudirman Kav. 47-48, Jakarta 12930, Indonesia
                                                            Telp: +62 21 2525 666
                                                            Fax: +62 21 2525 028
                     Periode Penunjukan                     Tahun Buku 2025
                     Appointment Period                     Fiscal Year 2025
                     Jasa yang Diberikan                    Pengurusan administrasi penitipan efek dan harta lain yang berkaitan dengan efek Perseroan.
                     Services Provided                      Administration of securities depository and other assets related to the Company's securities.
                     Biaya (di luar pajak)                  Rp25.000.000
                     Fees (excluding taxes)




                     Lembaga/Profesi                        Notaris
                     Institution/Profession                 Notary
                     Nama Lembaga                           Deni Thanur, S.E., S.H., M.Kn.
                     Name of Institution
                     Alamat                                 Wisma Bumi Putra, M Floor, Suite 206
                     Address                                Jl. Jend. Sudirman Kav 75, Jakarta 12910, Indonesia


                     Periode Penunjukan                     Tahun Buku 2025
                     Appointment Period                     Fiscal Year 2025
                     Jasa yang Diberikan                    Pembuatan akta Perseroan serta jasa lainnya sebagaimana diatur dalam Pasal 15 UU No. 30 Tahun
                     Services Provided                      2004
                                                            Preparation of Company deeds and other services as stipulated in Article 15 of Law No. 30 of 2004
                     Biaya (di luar pajak)                  Rp40.000.000
                     Fees (excluding taxes)




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Informasi Situs Web Perusahaan
The Company’s Website Information




                                                                                                                         Company Profile
                                                                                                                         Profil Perusahaan
Dalam rangka menerapkan prinsip keterbukaan             In alignment with the principle of transparency and in
informasi dan mematuhi POJK No. 8/POJK.04/2015          compliance with OJK Regulation No. 8/POJK.04/2015
tentang Situs Web Emiten atau Perusahaan Publik,        regarding the Website of Issuers or Public Companies,
Perseroan menyediakan situs web resmi, yaitu www.       the Company maintains an official website at www.
indoritel.co.id, yang menyajikan informasi resmi,       indoritel.co.id. The website provides accurate and
terpercaya, dan dapat dipertanggungjawabkan terkait     reliable information on the Company’s operational and
perkembangan kinerja Perseroan. Situs web Perseroan     financial performance. It is available in both Indonesian
tersedia dalam 2 (dua) bahasa, yaitu Bahasa Indonesia   and English, with identical content in each language to
dan Bahasa Inggris, dengan isi informasi yang sama      ensure consistency and accessibility for all stakeholders.
pada kedua versi.




Laporan Tahunan 2025 Annual Report                                              PT Indoritel Makmur Internasional Tbk   85
Page 88
Di tengah tebing yang menantang, pendaki
membaca setiap celah dan kontur dengan
cermat untuk menentukan jalur paling tepat
menuju puncak.
When facing challenging cliffs, climbers assess
every detail to determine the best route to the
summit.
Page 89
 Analisis dan
Pembahasan
 Manajemen
  Management Discussion
           and Analysis


   PT Indoritel Makmur Internasional Tbk
    Laporan Tahunan 2025 Annual Report
Page 90
                                                                                                                                              indoritel.co.id




                                     Tinjauan Perekonomian
                                     Economy Review
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     Pertumbuhan layanan fixed broadband berbasis fiber (FTTH)
                                     diproyeksikan terus meningkat dalam beberapa tahun ke
                                     depan, seiring meningkatnya kebutuhan konektivitas digital
                                     rumah tangga dan bisnis.

                                     The growth of fiber-based fixed broadband (FTTH) services is projected to continue
                                     rising in the coming years, as the demand for digital connectivity among households and
                                     businesses increases.




                                     Perekonomian Indonesia pada tahun 2025 menunjukkan         Indonesia’s economy in 2025 remained resilient despite
                                     kinerja yang tetap tangguh di tengah dinamika global,      global pressures, with growth reaching approximately
                                     dengan pertumbuhan mencapai sekitar 5,11% yang             5.11%, supported by strong domestic demand,
                                     didorong oleh kuatnya permintaan domestik, khususnya       particularly household consumption and investment.
                                     konsumsi rumah tangga dan investasi. Konsumsi rumah        Household consumption, which accounted for more
                                     tangga, yang berkontribusi lebih dari separuh terhadap     than half of Gross Domestic Product, grew steadily in
                                     Produk Domestik Bruto, tumbuh stabil seiring terjaganya    line with maintained purchasing power, relatively low
                                     daya beli masyarakat, inflasi yang relatif terkendali di   and controlled inflation, as well as various government
                                     kisaran rendah, serta berbagai stimulus pemerintah         stimulus measures that encouraged economic activity
                                     yang mendorong aktivitas ekonomi dan mobilitas             and public mobility. This performance reflected solid
                                     masyarakat. Kondisi ini mencerminkan fundamental           economic fundamentals, although external challenges
                                     ekonomi yang solid, meskipun tetap dibayangi oleh          persisted, including global uncertainty, exchange rate
                                     tantangan eksternal seperti ketidakpastian global,         volatility, and fluctuations in commodity prices.
                                     fluktuasi nilai tukar, dan dinamika harga komoditas.

                                     Sejalan dengan kondisi makro tersebut, sektor ritel dan    In line with these macroeconomic conditions, the retail
                                     industri makanan dan minuman (F&B) tetap menjadi           and food and beverage (F&B) sectors remained key
                                     salah satu motor utama pertumbuhan konsumsi                drivers of domestic consumption growth. The food
                                     domestik. Komponen konsumsi makanan dan minuman            and beverage consumption component accounted
                                     menyumbang porsi terbesar dalam belanja rumah              for the largest share of household spending and
                                     tangga dan terus mencatat pertumbuhan positif,             continued to grow, driven by increased mobility, shifting
                                     didorong oleh peningkatan mobilitas masyarakat,            lifestyles, and the penetration of modern and digital
                                     perubahan gaya hidup, serta penetrasi kanal distribusi     distribution channels. Furthermore, the acceleration
                                     modern dan digital. Selain itu, percepatan digitalisasi    of digital payments and the expansion of e-commerce
                                     pembayaran dan ekspansi platform e-commerce turut          platforms strengthened retail performance, particularly
                                     memperkuat kinerja ritel, terutama pada segmen fast        in the Fast-Moving Consumer Goods (FMCG) segment.
                                     moving consumer goods (FMCG). Namun demikian,              Nevertheless, the industry also faced pressures from
                                     industri ini juga menghadapi tekanan berupa perubahan      increasingly selective consumer preferences, intense
                                     pola konsumsi yang lebih selektif, persaingan harga        price competition, and fluctuating raw material costs.
                                     yang ketat, serta fluktuasi biaya bahan baku.




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Pada subsektor restoran cepat saji dan industri roti,       In the quick-service restaurant subsector and the
pertumbuhan tetap terjaga seiring meningkatnya              bakery industry, growth remained intact, supported




                                                                                                                            Management Discussion and Analysis
                                                                                                                            Analisis dan Pembahasan Manajemen
permintaan terhadap produk praktis dan siap konsumsi,       by rising demand for practical, ready-to-consume
terutama di kawasan urban. Ekspansi jaringan gerai,         products, particularly in urban areas. Store network
inovasi produk, serta integrasi layanan digital seperti     expansion, product innovation, and the integration of
pemesanan online dan delivery menjadi faktor kunci          digital services such as online ordering and delivery
dalam mendorong pertumbuhan. Secara keseluruhan,            served as key drivers of growth. Overall, the outlook
prospek industri ritel dan F&B di Indonesia tetap           for Indonesia’s retail and food and beverage industry
positif, didukung oleh basis konsumen yang besar,           remained positive, underpinned by a large consumer
pertumbuhan kelas menengah, serta momentum                  base, continued middle-class expansion, and ongoing
urbanisasi yang berkelanjutan.                              urbanization momentum.

Di sisi lain, industri infrastruktur telekomunikasi,        On the other hand, the telecommunications
khususnya jaringan serat optik, mengalami pertumbuhan       infrastructure     industry,    particularly  fiber-optic
yang signifikan dan menjadi fondasi utama ekonomi           networks, has experienced significant growth, laying
digital Indonesia. Peningkatan penetrasi internet,          the foundation for Indonesia’s digital economy. Faster
adopsi teknologi 5G, serta kebutuhan akan layanan           internet penetration, the adoption of 5G technology,
data berkecepatan tinggi mendorong percepatan               and the demand for high-speed data services have
pembangunan jaringan fiber optik secara nasional.           accelerated the nationwide deployment of fiber-optic
Hingga 2025, jaringan fiber optik di Indonesia telah        networks. As of 2025, fiber-optic networks in Indonesia
berkembang pesat dengan panjang jaringan mencapai           have expanded rapidly, reaching hundreds of thousands
ratusan ribu kilometer dan terus diperluas oleh             of kilometers, with continued expansion by both the
pemerintah maupun sektor swasta untuk menjangkau            government and the private sector to cover broader
wilayah yang lebih luas. Selain itu , pertumbuhan layanan   regions. The coming years will see continued growth
fixed broadband berbasis fiber (FTTH) diproyeksikan         in fiber-based fixed broadband services (FTTH) as the
terus meningkat dalam beberapa tahun ke depan,              digital connectivity needs of households and businesses
seiring meningkatnya kebutuhan konektivitas digital         continue to expand. Sustained investment from
rumah tangga dan bisnis. Investasi yang berkelanjutan       industry players reflects a positive long-term outlook,
dari pelaku industri juga mencerminkan prospek              with fiber-optic infrastructure increasingly positioned
jangka panjang yang positif, di mana infrastruktur fiber    as the backbone of digital transformation and national
optik semakin diposisikan sebagai tulang punggung           economic competitiveness.
transformasi digital dan peningkatan daya saing
ekonomi nasional.




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                                     Tinjauan Operasional
                                     Per Segmen Usaha
                                     Operational Review by Business Segment
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     Perseroan mendorong entitas anak dan entitas asosiasi untuk
                                     berkembang dan menerapkan langkah-langkah strategis
                                     secara tepat, termasuk mengembangkan produk dan jasa,
                                     memperluas dan memperkuat jaringan, serta meningkatkan
                                     kualitas layanan secara optimal.

                                     The Company encourages its subsidiaries and associates to grow and implement
                                     strategic measures effectively, including developing products and services, expanding
                                     and strengthening their networks, and optimizing service quality.




                                     Perseroan      mengembangkan        investasi   melalui   The Company continues to grow its investments through
                                     kepemilikan pada entitas anak PT Mega Akses Persada       ownership in its subsidiary PT Mega Akses Persada
                                     (“FiberStar”) dan 3 (tiga) entitas asosiasi, yakni PT     (“FiberStar”) and three (3) associates: PT Indomarco
                                     Indomarco Prismatama (“Indomaret”), PT Fast Food          Prismatama (“Indomaret”), PT Fast Food Indonesia
                                     Indonesia Tbk (“FAST”), dan PT Nippon Indosari Corpindo   Tbk (“FAST”), and PT Nippon Indosari Corpindo Tbk
                                     Tbk (“ROTI”). Perseroan mendorong entitas anak dan        (“ROTI”). The Company supports these subsidiaries
                                     entitas asosiasi untuk berkembang dan menerapkan          and associates in pursuing growth and implementing
                                     langkah-langkah strategis secara tepat, termasuk          strategic initiatives, including product and service
                                     mengembangkan produk dan jasa, memperluas dan             development, network expansion and reinforcement,
                                     memperkuat jaringan, serta meningkatkan kualitas          and the enhancement of service quality.
                                     layanan secara optimal.

                                     Perseroan melalui anak usahanya, FiberStar bergerak di    The Company, through its subsidiary FiberStar, operated
                                     bidang penyedia infrastruktur berbasis serat optik dan    as a provider of fiber optic–based infrastructure and
                                     melayani layanan telekomunikasi mulai dari komunikasi     delivered telecommunications services, including data
                                     data, suara, video interaktif, managed service SDWAN      communication, voice, interactive video, managed
                                     dan berbagai turunan Internet of Things (IoT) lainnya.    SD-WAN services, and various Internet of Things (IoT)
                                     Pelanggan FiberStar mencakup Internet Service             derivatives. FiberStar’s customers comprised Internet
                                     Provider (ISP), perusahaan operator telekomunikasi        Service Providers (ISPs), cellular telecommunications
                                     seluler (cellular provider), perusahaan-perusahaan        operators (cellular provider), and enterprises across
                                     dari berbagai segmen korporasi mulai dari perbankan,      multiple segments, including banking, insurance,
                                     asuransi, jasa keuangan, perguruan tinggi, hospitality,   financial services, higher education, hospitality, retail,
                                     ritel, dan convenience store.                             and convenience stores.

                                     Perseroan   juga     menyediakan      layanan  untuk      The Company also offers services for the residential
                                     pelanggan residensial menggunakan teknologi FTTH          market using Fiber-To-The-Home (FTTH) technology
                                     dengan menggandeng mitra perusahaan televisi              in collaboration with subscription-based television
                                     berlangganan dan ISP di seluruh Indonesia. Perseroan      companies and ISPs across Indonesia. The Company
                                     mempertimbangkan bisnis dari sudut pandang imbal          evaluates its business through a return-on-investment
                                     hasil dari modal yang diinvestasikan. Perseroan           lens and classifies its revenues into three (3) segments:
                                     membagi pendapatannya dalam 3 (tiga) bagian yaitu         Corporate, Retail, and Others.
                                     segmen korporasi, ritel, dan lainnya.


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Segmen Usaha Korporasi                                           Corporate Segment
Menyediakan produk layanan sambungan data                        Offers fiber-optic-based telecommunication data




                                                                                                                                                 Management Discussion and Analysis
                                                                                                                                                 Analisis dan Pembahasan Manajemen
telekomunikasi berbasis serat optik untuk pelanggan              connectivity services for business clients, including
bisnis seperti Last Mile Solution, Fiberisasi, IP Transit,       products such as Last Mile Solutions, Fiberization, IP Transit,
IEPL, MPLS, DWDM bagi operator telekomunikasi lainnya            IEPL, MPLS, and DWDM for other telecommunications
dan pelanggan internasional.                                     operators       and         international        customers.

Segmen Usaha Ritel                                               Retail Segment
Menyediakan produk layanan data telekomunikasi                   Provides fiber-optic-based broadband data services
berbasis serat optik untuk pelanggan rumahan                     for residential customers (FTTH Broadband), delivered
FTTh Broadband yang diberikan kepada operator                    through telecommunications operators and ISPs.
telekomunikasi dan ISP.

Segmen Usaha Lainnya                                             Other Segment
Pendapatan yang tidak memenuhi persyaratan                       Consists of revenue streams that do not meet the
pengungkapan dari segmen korporasi dan ritel seperti             disclosure threshold of the corporate or retail segments,
pendapatan sewa dari penyediaan jalur akses, reparasi,           such as lease income from access lines, repair and
dan pemeliharaan serta e-commerce daily deals.                   maintenance services, and e-commerce daily deals.

Profitabilitas Per Segmen Usaha                                  Segment Profitability
Perseroan tidak dapat menyajikan profitabilitas per              The Company is unable to present segment-specific
segmen usaha. Secara operasional, total aset dikelola            profitability data. Operationally, total assets are managed
secara tersentralisasi dan tidak dialokasi per segmen            centrally and not allocated to individual segments. The
usaha. Perseroan mengoperasikan dan mengelola                    Company operates and manages a unified business
bisnis yang menyediakan produk layanan sambungan                 providing fiber-optic-based telecommunication data
data telekomunikasi berbasis serat optik kepada seluruh          services to all customer categories.
pelanggannya.

Pendapatan per Segmen Usaha
Segment Revenue
                                                                                              (dalam jutaan Rupiah) | (in million Rupiah)

                                                                       Pertumbuhan (%)
                  Rasio                   2025           2024                                               Ratios
                                                                          Growth(%)

 Segmen Usaha Korporasi                     851.261          777.329               9,51              Corporate Business Segment
 Segmen Usaha Ritel                         725.628          564.150              28,62                   Retail Business Segment
 Segmen Usaha Lainnya                       120.293           86.252              39,47                   Retail Business Segment
 Jumlah                                   1.697.182      1.427.731                18,87                                          Total




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                                     Prospek Usaha
                                     Business Outlook



                                     Pemerintah memproyeksikan prospek pertumbuhan              The government projects that economic growth
                                     ekonomi tahun 2026 tetap solid dengan target               prospects for 2026 will remain solid, with a target of
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     mencapai 5,4%. Optimisme ini didukung oleh sejumlah        5.4%. This optimism is supported by several strategic
                                     perkembangan strategis dalam agenda perdagangan            developments in the international trade agenda that are
                                     internasional yang semakin memperkuat fondasi              further strengthening the economic foundation for the
                                     ekonomi ke depan. Proses penyelesaian kerja sama           future. The ongoing process of finalizing cooperation
                                     dengan Amerika Serikat yang tengah berlangsung             with the United States is a significant milestone and
                                     menjadi tonggak penting, sekaligus menandai hampir         marks the near completion of the entire 2025 trade
                                     rampungnya seluruh agenda perdagangan pada                 agenda. Additionally, Indonesia has concluded the IEU-
                                     2025. Di sisi lain, Indonesia juga telah merampungkan      CEPA negotiations, which are targeted to take effect in
                                     perundingan IEU-CEPA yang ditargetkan mulai berlaku        2027. Significant progress has also been recorded in the
                                     pada 2027. Kemajuan signifikan turut tercatat dalam        OECD accession process, which is becoming increasingly
                                     proses aksesi OECD, yang dinilai semakin nyata dan         tangible and has received broad support from various
                                     mendapat dukungan luas dari berbagai negara, dengan        countries, with the expectation that Indonesia will
                                     harapan Indonesia dapat resmi menjadi anggota OECD         officially become an OECD member by 2027.
                                     pada 2027.

                                     Dalam lingkup nasional, pemerintah juga terus berupaya     On the national front, the government continues its
                                     mengakselerasi aktivitas ekonomi melalui berbagai          efforts to accelerate economic activity through various
                                     program stimulus menjelang akhir tahun. Menyambut          stimulus programs toward the end of the year. To
                                     libur akhir tahun dan periode Lebaran, sejumlah insentif   welcome the year-end holidays and the Lebaran
                                     akan digulirkan, antara lain diskon transportasi pada      period, several incentives will be rolled out, including
                                     22 Desember 2025 hingga 10 Januari 2026, program           transportation discounts from December 22, 2025,
                                     belanja nasional EPIC Sale dengan target transaksi Rp56    to January 10, 2026, the EPIC Sale national shopping
                                     triliun, Harbolnas dengan sasaran Rp34 triliun, serta      program with a transaction target of Rp56 trillion,
                                     program BINA dengan target Rp30 triliun. Rangkaian         Harbolnas with a target of Rp34 trillion, and the BINA
                                     kebijakan tersebut diharapkan mampu mendorong              program with a target of Rp30 trillion. This series of
                                     belanja masyarakat sekaligus menjaga keberlanjutan         policies is expected to drive public spending while
                                     momentum konsumsi domestik.                                maintaining the sustainability of domestic consumption
                                                                                                momentum.

                                     Prospek kinerja emiten di sektor barang konsumsi cepat     Performance prospects for issuers in the Fast-Moving
                                     saji (FMCG) dan ritel diproyeksikan semakin positif pada   Consumer Goods (FMCG) and retail sectors are projected
                                     2026, seiring dengan penguatan daya beli masyarakat.       to be increasingly positive in 2026, aligned with the
                                     Kondisi konsumen Indonesia diperkirakan berada pada        strengthening of public purchasing power. The condition
                                     level yang lebih baik, tercermin dari indeks keyakinan     of Indonesian consumers is expected to be better, as
                                     konsumen yang konsisten berada di zona optimistis          reflected in the Consumer Confidence Index (CCI), which
                                     selama 48 bulan berturut-turut. Analis menilai, kenaikan   has consistently remained in the optimistic zone for 48
                                     pendapatan riil di berbagai sektor padat karya menjadi     consecutive months. Analysts believe that the increase
                                     pendorong utama permintaan rumah tangga, yang              in real income across various labor-intensive sectors
                                     pada akhirnya berdampak pada meningkatnya daya             is the primary driver of household demand, which
                                     beli. Selain itu, adanya ruang pelonggaran kebijakan       ultimately impacts purchasing power. Furthermore, the
                                     moneter, terutama penurunan BI Rate, turut berpotensi      room for monetary policy easing, particularly a decrease
                                     memberikan stimulus tambahan bagi pertumbuhan              in the BI Rate, could also provide additional stimulus to
                                     konsumsi.                                                  consumption growth.




                              92     PT Indoritel Makmur Internasional Tbk                                               Laporan Tahunan 2025 Annual Report
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                                     Tinjauan Keuangan
                                     Financial Review



                                     Sinergi yang terjalin antara Perseroan, entitas anak, dan entitas
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     asosiasi memberikan kontribusi strategis dalam penguatan
                                     struktur bisnis Perseroan secara keseluruhan. Pada tahun
                                     2025, Perseroan mencatatkan pendapatan dari kontrak
                                     dengan pelanggan sebesar Rp1,70 triliun, meningkat 18,87%
                                     dari Rp1,43 triliun pada tahun 2024.

                                     The synergy between the Company, its subsidiaries, and its associates has made a
                                     strategic contribution to strengthening the Company’s overall business structure. In
                                     2025, the Company recorded revenue from customer contracts of Rp1.70 trillion, an
                                     increase of 18.87% from Rp1.43 trillion in 2024.



                                     Pembahasan mengenai kinerja keuangan Perseroan di                 The following discussion on the Company’s financial
                                     bawah ini merujuk pada Laporan Keuangan Tahunan                   performance refers to the Company’s Consolidated
                                     Konsolidasian Perseroan yang telah diaudit oleh KAP               Annual Financial Statements, audited by Public
                                     Purwanto Susanti dan Surja dengan opini Wajar Tanpa               Accounting Firm (KAP) Purwanto Susanti and Surja,
                                     Pengecualian (WTP) dalam semua hal yang material.                 which issued an Unqualified Opinion in all material
                                     Analisis dan pembahasan manajemen dilakukan                       respects. The management’s analysis and discussion
                                     terhadap laporan posisi keuangan konsolidasian                    cover the consolidated statement of financial position
                                     tanggal 31 Desember 2025, serta laporan laba rugi dan             as of December 31, 2025, and the consolidated
                                     penghasilan komprehensif lain konsolidasian, laporan              statement of profit or loss and other comprehensive
                                     perubahan ekuitas konsolidasian, dan laporan arus kas             income, consolidated statement of changes in equity,
                                     konsolidasian untuk tahun yang berakhir pada tanggal              and consolidated statement of cash flows for the year
                                     tersebut, sesuai dengan Standar Akuntansi Keuangan                the ended, in accordance with Indonesian Financial
                                     Indonesia.                                                        Accounting Standards.



                                     LAPORAN POSISI KEUANGAN                                           CONSOLIDATED STATEMENT OF
                                     KONSOLIDASIAN                                                     FINANCIAL POSITION

                                                                                                                                       (dalam jutaan Rupiah) | (in million Rupiah)

                                                                                                          Perubahan | Change
                                                    Aspek                    2025          2024                                                         Aspect
                                                                                                          Rp             %

                                      Aset Lancar                             2.546.776    2.999.114      (452.338)        (15,08)                             Current Assets
                                      Aset Tidak Lancar                      21.153.554   18.360.682     2.792.872             15,21                     Non-Current Assets
                                      Jumlah Aset                            23.700.330   21.359.796     2.340.534             10,96                              Total Assets
                                      Liabilitas Jangka Pendek                1.853.471    1.450.853       402.618             27,75                       Current Liabilities
                                      Liabilitas Jangka Panjang               6.357.915    5.673.007       684.908             12,07                 Non-Current Liabilities
                                      Jumlah Liabilitas                       8.211.386    7.123.860     1.087.526             15,27                          Total Liabilities
                                      Jumlah Ekuitas                         15.488.944   14.235.936     1.253.008              8,80                              Total Equity




                            94       PT Indoritel Makmur Internasional Tbk                                                         Laporan Tahunan 2025 Annual Report
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Jumlah Aset                                                 Total Assets
Jumlah aset Perseroan per 31 Desember 2025 mencapai         As of December 31, 2025, the Company’s total assets




                                                                                                                              Management Discussion and Analysis
                                                                                                                              Analisis dan Pembahasan Manajemen
Rp23,70 triliun, meningkat sebesar 10,96% dari Rp21,36      reached Rp23.70 trillion, an increase of 10.96% from
triliun pada 2024. Kenaikan ini terjadi utamanya            Rp21.36 trillion in 2024. This growth was mainly driven
dikarenakan oleh peningkatan pada investasi pada            by an increase in investments in associates and joint
entitas asosiasi dan ventura bersama sebesar Rp1,08         ventures of Rp1.08 trillion, a rise in fixed assets of Rp0.6
triliun, kenaikan aset tetap Rp0,6 triliun dan penempatan   trillion, and the placement of long-term investment
dana investasi jangka panjang sebesar Rp0,95 triliun.       funds amounting to Rp0.95 trillion.

Aset Lancar                                                 Current Assets
Aset lancar Perseroan menurun sebesar 15,08% dari           The Company’s current assets decreased by 15.08%,
Rp3,00 triliun pada 2024 menjadi Rp2,55 triliun pada        from Rp3.00 trillion in 2024 to Rp2.55 trillion in 2025.
2025, yang utamanya disebabkan oleh penurunan pada          This decrease was primarily due to a reduction in short-
investasi jangka pendek sebesar Rp0,4 triliun.              term investments of Rp0.4 trillion.

Aset Tidak Lancar                                           Non-Current Assets
Sementara itu, aset tidak lancar Perseroan tercatat         Meanwhile, the Company’s non-current assets were
sebesar Rp21,15 triliun pada 2025, meningkat sebesar        recorded at Rp21.15 trillion in 2025, an increase of
15,21% dari Rp18,36 triliun yang disebabkan oleh            15.21% from Rp18.36 trillion in 2024. This increase was
peningkatan pada investasi pada entitas asosiasi dan        mainly due to the rise in investments in associates and
ventura bersama sebesar Rp1,08 triliun, kenaikan aset       joint ventures by Rp1.08 trillion, an increase in fixed
tetap Rp0,6 triliun dan penempatan dana investasi           assets of Rp0.6 trillion, and the placement of long-term
jangka panjang sebesar Rp0,95 triliun.                      investment funds amounting to Rp0.95 trillion.

Jumlah Liabilitas                                           Total Liabilities
Perseroan memiliki jumlah liabilitas sebesar Rp8,21         As of the end of 2025, the Company recorded total
triliun per akhir 2025, meningkat sebesar 15,27% dari       liabilities of Rp8.21 trillion, an increase of 15.27% from
Rp7,12 triliun pada 2024. Kenaikan ini utamanya terjadi     Rp7.12 trillion in 2024. This increase was primarily due
karena adanya peningkatan pada penambahan utang             to an increase in bank loans of Rp0.73 trillion and trade
bank sebesar Rp0,73 triliun dan utang usaha sebesar         payables of Rp0.3 trillion.
Rp0,3 triliun.

Liabilitas Jangka Pendek                                    Current Liabilities
Pada akhir 2025, Perseroan mencatat liabilitas jangka       As of the end of 2025, the Company’s current liabilities
pendek sebesar Rp1,85 triliun, meningkat sebesar            amounted to Rp1.85 trillion, an increase of 27.75% from
27,75% dari Rp1,45 triliun pada 2024. Kenaikan ini          Rp1.45 trillion in 2024. This rise was primarily driven by
utamanya terjadi karena adanya peningkatan pada             an increase in trade payables of Rp0.3 trillion.
utang usaha sebesar Rp0,3 triliun.

Liabilitas Jangka Panjang                                   Non-Current Liabilities
Di sisi lain, liabilitas jangka panjang Perseroan           On the other hand, the Company’s non-current liabilities
mengalami kenaikan sebesar 12,07% dari Rp5,67 triliun       increased by 12.07%, from Rp5.67 trillion in 2024 to
pada 2024 menjadi Rp6,36 triliun pada 2025. Hal ini         Rp6.36 trillion in 2025. This was mainly due to additional
disebabkan oleh penambahan pada utang bank sebesar          bank loans amounting to Rp0.73 trillion.
Rp0,73 triliun.

Jumlah Ekuitas                                              Total Equity
Pada akhir 2025, jumlah ekuitas Perseroan meningkat         At the end of 2025, the Company’s total equity increased
sebesar 8,80% dari Rp14,24 triliun pada 2024 menjadi        by 8.80%, from Rp14.24 trillion in 2024 to Rp15.49
Rp15,49 triliun. Hal ini disebabkan oleh peningkatan        trillion. This increase was attributed to a rise in retained
pada saldo laba yang belum ditentukan penggunaannya         earnings (unappropriated) amounting to Rp1.18 trillion.
sebesar Rp1,18 triliun.

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                                     LAPORAN LABA RUGI DAN PENGHASILAN                               CONSOLIDATED STATEMENT OF PROFIT
                                     KOMPREHENSIF LAIN KONSOLIDASIAN                                 OR LOSS AND OTHER COMPREHENSIVE
                                                                                                     INCOME
                                                                                                                                      (dalam jutaan Rupiah) | (in million Rupiah)

                                                                                                        Perubahan | Change
                                                    Aspek                    2025        2024                                                          Aspect
                                                                                                        Rp             %

                                      Pendapatan dari Kontrak dengan         1.697.182   1.427.731       269.451             18,87          Revenue from Contracts with
                                      Pelanggan                                                                                                             Customers
                                      Bagian Laba dari Entitas Asosiasi      1.113.634    914.150        199.484             21,82       Share of Profit of Associates and
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                      dan Ventura Bersama                                                                                                    Joint Venture
                                      Beban Usaha                            1.402.774   1.173.534       229.240             19,53                     Operating expenses
                                      Laba Tahun Berjalan                    1.273.808   1.091.610       182.198             16,69                        Profit for the year
                                      Laba Tahun Berjalan yang Dapat                                                                       Profit for the year attributable
                                      Diatribusikan kepada:                                                                                                             to:
                                      • Pemilik Entitas Induk                1.255.580   1.072.071       183.509             17,12         Owners of the parent entity •
                                      • Kepentingan Nonpengendali              18.228      19.539         (1.311)            (6,71)           Non-controlling interests •
                                      Rugi (laba) Komprehensif Lain            50.120      70.770        (20.650)        (29,18)            Other comprehensive loss for
                                      Tahun Berjalan Setelah Pajak                                                                                   the year, net of tax
                                      Jumlah Penghasilan                     1.323.928   1.162.380       161.548             13,90       Total comprehensive income for
                                      Komprehensif Tahun Berjalan                                                                                               the year
                                      Jumlah Penghasilan                                                                                     Total comprehensive income
                                      Komprehensif yang Diatribusikan                                                                                    attrubitable to:
                                      kepada:
                                      • Pemilik Entitas Induk                1.305.438   1.144.514       160.924             14,06          The owner of parent entity •
                                      • Kepentingan Nonpengendali              18.490      17.866             624             3,49            Non-controlling interests •
                                      Laba per saham dasar (Rp penuh)           88,52       75,58            12,94           17,12                Basic earnings per share
                                                                                                                                                              (full amount)




                                     Pendapatan dari Kontrak dengan                                  Revenue from Customers Contracts
                                     Pelanggan                                                       In 2025, the Company recorded revenue from customers
                                     Perseroan membukukan pendapatan dari kontrak                    contracts amounting to Rp1.70 trillion, an increase
                                     dengan pelanggan sebesar Rp1,70 triliun pada 2025,              of 18.87% from Rp1.45 trillion in 2024. This increase
                                     meningkat sebesar 18,87% dari Rp1,45 triliun pada               was driven by growth in both the retail and corporate
                                     2024. Kenaikan ini terjadi karena peningkatan pada              business segments.
                                     segmen usaha ritel dan korporasi.

                                     Bagian Laba dari Entitas Asosiasi dan                           Share of Profit from Associates and
                                     Ventura Bersama                                                 Joint Ventures
                                     Perseroan memperoleh laba dari entitas asosiasi dan             The Company earned a profit of Rp1.11 trillion from its
                                     ventura bersama sebesar Rp1,11 triliun pada 2025,               associates and joint ventures in 2025, representing an
                                     meningkat sebesar 21,82% dari Rp914,15 miliar pada              increase of 21.82% from Rp914.15 billion in 2024.
                                     2024.

                                     Beban Usaha                                                     Operating Expenses
                                     Beban usaha Perseroan tercatat sebesar Rp1,40 triliun           In 2025, the Company’s operating expenses amounted
                                     pada 2025, meningkat sebesar 19,53% dari Rp1,17                 to Rp1.40 trillion, an increase of 19.53% from Rp1.17
                                     triliun pada 2024, yang utamanya disebabkan oleh                trillion in 2024. This increase was mainly due to a rise
                                     meningkatnya beban penyusutan aset tetap sebesar                in depreciation of fixed assets amounting to Rp105.02
                                     Rp105,02 miliar, biaya sewa Rp53,95 miliar, beban gaji          billion, rent expenses of Rp53.95 billion, employee
                                     dan imbalan kerja sebesar Rp29,60 miliar dan biaya              salaries and benefits amounting to Rp29.60 billion, and
                                     internet Rp22,60 miliar.                                        internet costs of Rp22.60 billion.

                                     Laba Tahun Berjalan dan Laba Tahun                              Profit for the Year and Profit
                                     Berjalan yang dapat Diatribusikan                               Attributable to Owners of the Parent
                                     kepada Pemilik Entitas Induk                                    Entity
                                     Pada 2025, Perseroan membukukan laba bersih tahun               In 2025, the Company recorded a net profit for the year
                                     berjalan sebesar Rp1,27 triliun, meningkat sebesar              of Rp1.27 trillion, representing an increase of 16.69%



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16,69% dari Rp1,09 triliun pada 2024. Sementara itu,             from Rp1.09 trillion in 2024. Meanwhile, profit for the
laba tahun berjalan yang dapat diatribusikan kepada              year attributable to the owners of the parent entity
pemilik entitas induk tercatat mencapai Rp1,26 triliun           reached Rp1.26 trillion in 2025, an increase of 17.12%
pada 2025, meningkat sebesar 17,12% dari Rp1,07                  from Rp1.07 trillion in 2024.
triliun pada 2024.

Penghasilan Komprehensif Tahun                                   Comprehensive Income for the Year
Berjalan
Di akhir 2025, Perseroan berhasil membukukan                     At the end of 2025, the Company successfully recorded
penghasilan komprehensif tahun berjalan sebesar                  comprehensive income for the year of Rp1.32 trillion,




                                                                                                                                              Management Discussion and Analysis
                                                                                                                                              Analisis dan Pembahasan Manajemen
Rp1,32 triliun, meningkat sebesar 13,90% dari Rp1,16             a growth of 13.90% from Rp1.16 trillion in 2024. This
triliun pada 2024. Kenaikan ini utamanya terjadi karena          increase was primarily driven by higher profits from
peningkatan laba dari entitas asosiasi dan ventura               associates and joint ventures.
bersama.



LAPORAN ARUS KAS KONSOLIDASIAN                                   CONSOLIDATED STATEMENT OF CASH
                                                                 FLOWS
                                                                                               (dalam jutaan Rupiah) | (in million Rupiah)

                      Aspek                         2025         2024                               Aspect

 Kas Neto yang Dihasilkan dari Aktivitas Operasi      322.928     226.470               Net Cash Provided by Operating Activities
 Kas Neto yang Diperoleh dari (Digunakan untuk)    (1.272.401)    368.486       Net Cash Provided by (Used in) Investing Activities
 Aktivitas Investasi
 Kas Neto yang Dihasilkan dari (Digunakan untuk)      626.558    (441.161)     Net Cash Provided by (Used in) Financing Activities
 Aktivitas Pendanaan
 Kenaikan/(Penurunan) Neto Kas dan Setara Kas       (322.915)     153.795    Net increase/ (decrease) in cash and cash equivalents
 Kas dan Setara Kas Awal Tahun                      1.067.505     913.710             Cash and cash Equivalents at the Beginning
                                                                                                                      of the Year
 Kas dan Setara Kas Akhir Tahun                       744.590    1.067.505       Cash and cash Equivalents at the End of the Year




Arus Kas dari Aktivitas Operasi                                  Cash Flows from Operating Activities
Pada 2025, kas neto yang dihasilkan Perseroan dari               In 2025, the Company generated net cash from operating
aktivitas operasi adalah sebesar Rp322,93 miliar,                activities amounting to Rp322.93 billion, representing
meningkat sebesar 42,59% dari Rp226,47 miliar pada               an increase of 42.59% from Rp226.47 billion in 2024.
2024. Kenaikan ini terjadi karena adanya peningkatan             This increase was primarily due to higher receipts from
penerimaan dari pelanggan.                                       customers.

Arus Kas untuk Aktivitas Investasi                               Cash Flows used in Investing Activities
Pada 2025, kas neto yang digunakan Perseroan untuk               In 2025, net cash used in investing activities amounted
aktivitas investasi adalah sebesar Rp1,27 triliun. Kas           to Rp1.27 trillion. Cash used in investing activities was
yang digunakan untuk aktivitas investasi terutama untuk          primarily allocated for investments in debt instruments
investasi pada instrumen utang sebesar Rp0,5 triliun,            of Rp0.5 trillion, long-term investments of Rp0.45 trillion,
investasi jangka panjang sebesar Rp0,45 triliun dan              and the acquisition of fixed assets amounting to Rp0.8
untuk pembelian aset tetap sebesar Rp0,8 triliun.                trillion.

Arus Kas dari Aktivitas Pendanaan                                Cash Flows from Financing Activities
Pada 2025, kas neto yang diterima Perseroan dari                 In 2025, the Company generated net cash from financing
aktivitas pendanaan adalah sebesar Rp626,56 miliar.              activities amounting to Rp626.56 billion. Cash received
Kas yang diterima dari aktivitas pendanaan berasal dari          from financing activities was primarily derived from the
penerimaan utang bank.                                           proceeds of bank loans.

Kas dan Bank pada Akhir Tahun                                    Cash and Bank at Year-End
Posisi kas dan setara kas Perseroan pada akhir tahun             The Company’s cash and cash equivalents at the end
2025 adalah sebesar Rp744,59 miliar, menurun sebesar             of 2025 amounted to Rp744.59 billion, representing a
30,25% dari Rp1,07 triliun pada 2024.                            decrease of 30.25% compared to Rp1.07 trillion in 2024.




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                                     KEMAMPUAN MEMBAYAR UTANG                                              DEBT REPAYMENT CAPACITY

                                     Kemampuan Perseroan dalam membayar kewajibannya                       The Company’s ability to meet its debt obligations is
                                     dapat diukur melalui rasio liabilitas terhadap aset dan               measured through its liability-to-asset and liability-
                                     rasio liabilitas terhadap ekuitas Perseroan.                          toequity ratios.

                                                                                                                                        (dalam persentase) | (in percentage)

                                                                                                                   Pertumbuhan (%)
                                                          Rasio                     2025            2024                                           Ratios
                                                                                                                      Growth(%)

                                      Rasio Liabilitas terhadap Aset                    34,65            33,35                3,89                   Liability to Asset Ratio
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                      Rasio Liabilitas terhadap Ekuitas                 53,01            50,04                5,94                  Liability to Equity Ratio



                                     Peningkatan rasio liabilitas terhadap aset dan                        The decrease in the Company’s debt-to-asset and
                                     peningkatan rasio liabilitas terhadap ekuitas disebabkan              debtto-equity ratios was primarily due to a reduction in
                                     oleh peningkatan jumlah liabilitas pada tahun 2025                    total liabilities in 2025 compared to 2024.
                                     dibandingkan dengan tahun 2024.

                                     Perseroan menjaga tingkat kesehatan keuangannya                       The Company maintains its financial soundness to
                                     agar pembayaran kewajiban jangka pendek dan jangka                    ensure the timely settlement of both short-term and
                                     panjang yang sudah jatuh tempo dapat dilakukan                        long-term obligations upon maturity while complying
                                     tepat waktu dan memenuhi semua kesepakatan                            with all terms and conditions stipulated in the binding
                                     sesuai dengan perjanjian yang telah ditetapkan untuk                  agreements to keep the trust of creditors and capital
                                     mempertahankan kepercayaan kreditur dan pasar                         market stakeholders.
                                     modal.



                                     TINGKAT KOLEKTIBILITAS PIUTANG                                        COLLECTABILITY

                                     Kemampuan Perseroan dalam menagih piutang                             The Company’s collection period slowed slightly, which
                                     (collection period) tercatat lebih lambat, yaitu dari 135             was from 135 days in 2024 to 139 days in 2025.
                                     hari pada 2024 menjadi 139 hari pada 2025.



                                     STRUKTUR MODAL                                                        CAPITAL STRUCTURE

                                     Struktur modal Perseroan terdiri dari pendanaan yang                  The Company’s capital structure consists of funding
                                     bersumber dari liabilitas dan ekuitas. Di akhir 2025,                 sourced from both liabilities and equity. As of the end of
                                     komposisi struktur modal Perseroan terbesar berasal                   2025, the capital structure composition was dominated
                                     dari ekuitas 65,35% dan sisanya berasal dari liabilitas               by equity at 65.35%, with the remaining 34.65% derived
                                     34,65%. Porsi pinjaman pada tahun 2025 mengalami                      from liabilities. The proportion of debt in 2025 increased
                                     peningkatan dibandingkan tahun 2024.                                  compared to 2024.

                                                                                       2025                           2024
                                                  Struktur Modal             jutaan Rupiah                 jutaan Rupiah                       Capital Structure
                                                                                                %                              %
                                                                             million Rupiah                million Rupiah

                                      Jumlah Liabilitas                          8.211.386       34,65           7.123.860     33,35                         Total Liabilities
                                      Jumlah Ekuitas                            15.488.944       65,35        14.235.936       66,65                             Total Equity

                                      Struktur Modal                            23.700.330      100,00        21.359.796      100,00                        Capital Structure




                             98      PT Indoritel Makmur Internasional Tbk                                                             Laporan Tahunan 2025 Annual Report
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Kebijakan Manajemen atas Struktur                         Capital Structure Management Policy
Modal
Perseroan mengelola struktur permodalan secara            The Company manages its capital structure prudently
hati-hati dan melakukan penyesuaian yang diperlukan       and makes necessary adjustments by taking into account
dengan mempertimbangkan kondisi perekonomian.             prevailing economic conditions. The Company’s capital
Struktur modal Perseroan ditinjau dan diobservasi dari    structure is reviewed and monitored from time to time
waktu ke waktu untuk memastikan terpeliharanya rasio      to ensure the maintenance of a healthy capital ratio that
modal yang sehat guna mendukung kegiatan usaha            supports its business activities, fulfills debt covenant
Perseroan, memenuhi persyaratan perjanjian utang dan      requirements, and maximizes shareholder value. To
memaksimalkan nilai bagi para pemegang saham. Untuk       maintain and adjust its capital structure, the Company




                                                                                                                           Management Discussion and Analysis
                                                                                                                           Analisis dan Pembahasan Manajemen
memelihara dan menyesuaikan struktur permodalan,          may revise dividend payments to shareholders, issue
Perseroan dapat menyesuaikan pembayaran dividen           new shares, or seek funding through borrowings.
kepada pemegang saham, menerbitkan saham baru
atau mengusahakan pendanaan melalui pinjaman.



IKATAN MATERIAL UNTUK INVESTASI                           MATERIAL COMMITMENTS FOR CAPITAL
BARANG MODAL                                              GOODS INVESTMENT

Sepanjang tahun 2025, Perseroan tidak memiliki            Throughout 2025, the Company did not have any
ikatan material untuk investasi barang modal. Namun,      material commitments for capital goods investment.
Perseroan tetap mengantisipasi potensi terjadinya         However, the Company continues to anticipate potential
dampak dari risiko yang disebabkan nilai tukar mata       impacts arising from risks associated with foreign
asing.                                                    exchange rates.

Risiko nilai tukar mata uang asing adalah risiko di       Foreign exchange rate risk refers to the risk that the fair
mana nilai wajar atau arus kas dari suatu instrumen       value or future cash flows of a financial instrument may
keuangan dapat berfluktuasi akibat perubahan nilai        fluctuate due to changes in foreign currency exchange
tukar mata uang asing. Perseroan dapat terpengaruh        rates. The Company may be exposed to foreign
risiko perubahan mata uang asing terkait dengan kas       exchange rate risk related to cash and cash equivalents
dan setara kas dalam mata uang Dolar AS. Walaupun         denominated in U.S. Dollars. Although the Company
Perseroan belum memiliki kebijakan formal lindung nilai   has not established a formal hedging policy for foreign
transaksi dalam mata uang asing, namun Perseroan          currency transactions, it maintains bank account
memiliki saldo bank dalam mata uang asing yang            balances in foreign currencies, which may provide
dapat memberikan lindung nilai alamiah yang terbatas      a limited natural hedge against fluctuations in the
terhadap dampak fluktuasi nilai tukar Rupiah terhadap     exchange rate of the Rupiah against foreign currencies.
mata uang asing.

Jumlah saldo kas dan setara kas Perseroan dalam mata      The Company’s cash and cash equivalents denominated
uang Dolar AS pada akhir tahun 2025 adalah sebesar        in U.S. Dollars at the end of 2025 amounted to
USD 80.635, naik dari USD 55.280 pada tahun 2024.         USD 80,635, an increase from USD 55,280 in 2024.



REALISASI INVESTASI BARANG MODAL                          REALIZATION OF CAPITAL GOODS
                                                          INVESTMENT

Investasi barang modal merupakan aktivitas pembelian      Capital goods investment refers to the acquisition of
sejumlah aset tetap atau untuk menambah nilai aset        fixed assets or the enhancement of existing fixed assets
tetap yang diharapkan dapat memberikan nilai manfaat      expected to provide future economic benefits.
di masa yang akan datang.

Pada tahun 2025, investasi barang modal Perseroan         In 2025, the Company’s capital goods investment
tercatat sebesar Rp1,32 triliun, meningkat sebesar        amounted to Rp1.32 trillion, an increase of 60.65%
60,65% dibandingkan Rp825,69 miliar di tahun 2024.        compared to Rp825.69 billion in 2024. The capital
Sumber pendanaan untuk investasi barang modal             goods investment was financed through the Company’s
berasal dari kas internal Perseroan dan pinjaman          internal cash and bank loans denominated in Rupiah.
bank dengan mata uang Rupiah. Tujuan investasi            The purpose of this investment was to support
barang modal yang dilakukan Perseroan adalah untuk        the expansion and development of the Company’s
mengembangkan kegiatan operasionalnya.                    operational activities.



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                                                                                                                                              (dalam jutaan Rupiah) | (in million Rupiah)

                                                                                                   Nilai Investasi
                                                    Jenis Investasi Barang Modal                                                     Type of Capital Goods Investment
                                                                                                  Investment Value

                                      Komputer dan Perlengkapannya                                               6.937                                  Computer and Equipment
                                      Peralatan dan Perabotan Kantor                                             3.924                               Office Furniture and Fixtures
                                      Kendaraan                                                                    649                                                       Vehicles
                                      Perlengkapan Jaringan                                                  1.314.945                                         Network Equipment
                                      Jumlah                                                                 1.326.455                                                           Total
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     INFORMASI DAN FAKTA MATERIAL YANG                                        MATERIAL INFORMATION AND FACTS
                                     TERJADI SETELAH TANGGAL LAPORAN                                          OCCURRING AFTER THE DATE OF THE
                                     AKUNTAN                                                                  ACCOUNTANT’S REPORT

                                     Pada Februari 2026, Perseroan melakukan penambahan                       In February 2026, the Company made an additional
                                     penyertaan pada Atrium Stable Fund VCC dengan harga                      investment in Atrium Stable Fund VCC with an acquisition
                                     perolehan sejumlah Rp250.000 yang diinvestasikan oleh                    cost of Rp250,000, which is primarily invested by the
                                     Fund terutama pada instrumen efek utang dan obligasi                     Fund in debt securities and non-speculative bonds.
                                     non-spekulatif.

                                     Berdasarkan RUPSLB tanggal 14 Januari 2026, telah                        Based on the EGMS held on January 14, 2026, the
                                     disetujui pemberian jaminan berupa pengikatan gadai                      provision of collateral was approved in the form of a
                                     atas surat utang milik Perseroan beserta Rekening Data                   pledge over the Company’s debt securities along with
                                     Nasabah (RDN) yang terkait dengan instrumen tersebut,                    the associated Customer Data Account (RDN), as security
                                     sebagai jaminan atas fasilitas term loan yang diperoleh                  for the term loan facility obtained by the Company from
                                     Perseroan dari PT Bank Mandiri (Persero) Tbk.                            PT Bank Mandiri (Persero) Tbk.



                                     PERBANDINGAN TARGET AWAL TAHUN                                           COMPARISON BETWEEN INITIAL TARGETS
                                     DENGAN REALISASI AKHIR TAHUN                                             AND YEAR-END REALIZATION

                                     Sebagai perusahaan investasi, kinerja keuangan                           As an investment company, the Company’s financial
                                     Perseroan sangat tergantung pada kinerja FiberStar                       performance is highly dependent on the performance
                                     sebagai entitas anak yang memberikan kontribusi                          of FiberStar as its subsidiary, which contributes revenue
                                     pendapatan dari kontrak pelanggan, serta ketiga entitas                  from customer contracts, as well as the performance of
                                     asosiasi yang berkontribusi pada bagian laba dari                        its three associates, which contribute to the Company’s
                                     entitas asosiasi dan ventura bersama. Oleh karena itu,                   share of profit from associates and joint ventures.
                                     pencapaian kinerja keuangan Perseroan berkorelasi                        Accordingly, the achievement of the Company’s financial
                                     dengan pencapaian kinerja operasional FiberStar.                         performance is closely correlated with the operational
                                                                                                              performance of FiberStar.

                                               Indikator                               Target 2025                                             Realisasi 2025
                                               Indicators                              2025 Targets                                           Realization 2025

                                      Pendapatan dari kontrak      •   Diharapkan meningkat seiring dengan                 •   Realisasi home connected sebesar 483.455 unit
                                      dengan pelanggan                 penambahan home connected.                              atau 96,69% dari target.
                                                                   •   Target home connected di tahun 2025 adalah          •   Pendapatan dari kontrak dengan pelanggan
                                                                       500.000 unit.                                           sebesar Rp1,70 triliun, naik 18,87% dibandingkan
                                                                                                                               tahun 2024.

                                      Revenue from contracts                                                               •   Realization of homes connected was 483,455 units
                                      with customers               •   Expected to increase in line with the addition of       or 96,69% of the target.
                                                                       homes connected.                                    •   Revenue from contracts with customers
                                                                   •   The homes connected target in 2025 was 500,000          amounted to Rp1.70 trillion, up 18.87% compared
                                                                       units.                                                  to 2024.
                                      Target operasional           Penambahan home passed sebanyak 952.434* unit.          Realisasi penambahan home passed 980.436 unit
                                                                                                                           atau 102,94% dari target.

                                      Operational Targets          Additional homes passed of 952,434* units.              Realization of additional homes passed was 980.436
                                                                                                                           units or 102,94% of the target.




                100                  PT Indoritel Makmur Internasional Tbk                                                                  Laporan Tahunan 2025 Annual Report
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           Indikator                                       Target 2025                                                  Realisasi 2025
           Indicators                                      2025 Targets                                                Realization 2025

 Laba tahun berjalan               Minimal sama dengan pencapaian tahun                           Laba tahun berjalan tercapai sebesar Rp1,27 triliun.
                                   sebelumnya.

 Income for the Year               Minimum achievement is the same as the previous                Profit for the year amounted to Rp1,27 trilion.
                                   year.

* Terdapat pengungkapan kembali terkait angka target home-passed yang semula dicantumkan sebesar 1.700.000 unit pada Laporan Tahunan 2024 menjadi
  952.434 unit. Perubahan ini disebabkan oleh penyesuaian yang dilakukan pada tahun berjalan sesuai kebijakan manajemen.
  There has been a restatement of the home-passed unit target, which was originally reported as 1,700,000 units in the 2024 Annual Report and has been revised
  to 952,434 units. This change is due to adjustments made during the current fiscal year in accordance with management policy.




                                                                                                                                                                   Management Discussion and Analysis
                                                                                                                                                                   Analisis dan Pembahasan Manajemen
TARGET DAN PROYEKSI TAHUN 2026                                                     TARGETS AND PROJECTIONS FOR 2026

Berikut adalah target dan proyeksi Perseroan terkait                               The following are the Company’s targets and projections
kinerja operasionalnya di tahun 2026:                                              regarding its operational performance for 2026:

                     Indikator                                                                      Target 2026
                     Indicators                                                                     2026 Targets

 Pendapatan dari kontrak dengan pelanggan              •    Diharapkan meningkat seiring dengan penambahan home connected.
                                                       •    Target home connected pada tahun 2026 adalah 500.000 unit.

 Revenue from contracts with customers                 •    Expected to increase in line with the addition of homes connected.
                                                       •    The homes connected target in 2026 is 500,000 units.
 Target operasional                                    Penambahan home passed sebanyak 713.000 unit.
 Operational Targets                                   Additional homes passed of 713.000 units.
 Laba tahun berjalan                                   Minimal sama dengan pencapaian tahun sebelumnya.
 Income for the Year                                   Minimum achievement is the same as the previous year.




ASPEK PEMASARAN                                                                    MARKETING ASPECTS

Untuk meningkatkan kinerja penjualan, FiberStar secara                             To enhance its sales performance, FiberStar consistently
konsisten mengoptimalkan layanan operasional melalui                               strives to optimize its operational services by
penguatan aktivitas pemeliharaan dengan pengelolaan                                strengthening maintenance activities through managed
vendor managed service, peningkatan integrasi sistem                               service vendors, enhancing system integration through
melalui penerapan sistem ERP baru yang lebih efisien                               the implementation of a new ERP system to boost
dan produktif, serta penambahan back-up jaringan                                   efficiency and productivity, and adding new backbone
backbone guna menjamin keandalan layanan.                                          network backups to ensure service reliability.

Di sisi pemasaran, FiberStar menjalankan strategi                                  On the marketing front, FiberStar executes an integrated
pemasaran terpadu melalui kanal online dan                                         marketing strategy through both online and offline
offline. Pemasaran online dilakukan melalui media                                  channels. Online marketing is conducted through
nasional serta optimalisasi platform media sosial                                  national media and the optimization of the company’s
milik perusahaan. Sementara itu, pemasaran offline                                 social media platforms. Meanwhile, offline marketing
dilaksanakan melalui penyelenggaraan seminar,                                      is carried out through seminars, gatherings, and joint
gathering, dan sesi perencanaan kerja sama dengan                                  planning sessions with both existing and potential
mitra pelanggan eksisting maupun potensial. Seluruh                                business partners. All these efforts are accompanied by
upaya tersebut diiringi dengan komitmen berkelanjutan                              a continuous commitment to improving service quality
untuk meningkatkan kualitas layanan dan memberikan                                 and delivering the best experience for all customers.
pengalaman terbaik bagi pelanggan.



KEBIJAKAN DIVIDEN                                                                  DIVIDEND POLICY

Kebijakan dividen Perseroan tertuang dalam prospectus                              The Company’s dividend policy is stipulated in its latest
terakhir Perseroan, yakni prospektus Rights Issue                                  prospectus, the Rights Issue Prospectus, dated May 24,
yang terbit pada 24 Mei 2013. Penentuan jumlah dan                                 2013. The determination of the amount and payment
pembayaran dividen, jika ada, akan bergantung pada                                 of dividends, if any, is subject to the recommendation
rekomendasi dari Direksi dan beberapa faktor yang                                  of the Board of Directors and consideration of several




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                                     memperhatikan dan mempertimbangkan tingkat                              factors, including the Company’s financial health,
                                     kesehatan keuangan Perseroan, tingkat kecukupan                         adequacy of capital, and funding needs for future
                                     modal, kebutuhan dana Perseroan untuk ekspansi                          business expansion, without prejudice to the rights of
                                     usaha lebih lanjut, tanpa mengurangi hak dari RUPS                      the GMS to decide otherwise in accordance with the
                                     untuk menentukan lain sesuai dengan ketentuan                           provisions of the Company’s Articles of Association.
                                     Anggaran Dasar Perseroan.

                                     Perseroan merencanakan pembagian dividen, apabila                       The Company plans to distribute dividends, if there is
                                     terdapat surplus kas dari aktivitas operasional setelah                 surplus cash from operating activities after allocations
                                     dana tersebut disisihkan untuk dana cadangan, kegiatan                  for reserves, Company activities, planned capital
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     Perseroan dan rencana pengeluaran modal dan modal                       expenditures, and working capital, up to a maximum of
                                     kerja Perseroan, sebesar-besarnya 10% dari laba bersih                  10% of the Company’s net profit.
                                     Perseroan.

                                     Keputusan mengenai dividen dalam 3 (tiga) tahun                         The resolutions regarding dividend distribution over the
                                     terakhir adalah sebagai berikut:                                        past three (3) years are as follows:

                                         Tahun Buku                                               Keputusan RUPS mengenai Dividen
                                          Fiscal Year                                                GMS Resolution on Dividend

                                            2022          Sesuai keputusan RUPST tanggal 27 Juni 2023, pemegang saham setuju untuk tidak membagikan dividen dengan
                                                          alasan tidak terdapat surplus kas dari aktivitas operasional setelah dana tersebut disisihkan untuk dana cadangan,
                                                          kegiatan pendanaan, rencana pengeluaran modal serta modal kerja Perseroan. Perseroan juga perlu menerapkan
                                                          prinsip kehati-hatian terutama untuk menjamin likuiditas dalam rangka mengedepankan tanggung jawab kepada
                                                          pemegang saham, kreditur, dan pemangku kepentingan lainnya.

                                                          Pursuant to the resolution of the AGMS held on June 27, 2023, the shareholders approved not to distribute
                                                          dividends. The decision was based on the absence of surplus cash from operating activities after allocations were
                                                          made for statutory reserves, financing activities, planned capital expenditures, and the Company’s working capital.
                                                          The Company also deemed it necessary to apply a prudent approach, particularly to ensure liquidity in fulfilling its
                                                          responsibilities to shareholders, creditors, and other stakeholders.
                                            2023          Sesuai keputusan RUPST tanggal 28 Juni 2024, pemegang saham setuju untuk tidak membagikan dividen dengan
                                                          alasan tidak terdapat surplus kas dari aktivitas operasional setelah dana tersebut disisihkan untuk dana cadangan,
                                                          kegiatan pendanaan, rencana pengeluaran modal serta modal kerja Perseroan. Perseroan juga perlu menerapkan
                                                          prinsip kehati-hatian terutama untuk menjamin likuiditas dalam rangka mengedepankan tanggung jawab kepada
                                                          pemegang saham, kreditur dan pemangku kepentingan lainnya.

                                                          Pursuant to the resolution of the AGMS held on June 28, 2024, the shareholders approved not to distribute dividends.
                                                          This decision was taken due to the absence of surplus cash from operating activities after allocating funds for
                                                          statutory reserves, financing activities, planned capital expenditures, and the Company’s working capital. The
                                                          Company also considered the need to uphold the principle of prudence, especially in safeguarding liquidity as part of
                                                          its responsibility to shareholders, creditors, and other stakeholders.
                                            2024          Sesuai keputusan RUPST tanggal 28 Juni 2025, pemegang saham setuju untuk membagikan dividen tunai
                                                          sebagaimana diungkapkan dalam tabel di bawah ini.

                                                          Pursuant to the resolution of the AGMS held on June 28, 2025, the shareholders approved the distribution of a cash
                                                          dividend as set forth in the table below.



                                       Tanggal Pembayaran Dividen        Total Dividen yang Dibayar            Jumlah Dividen per Saham           Rasio Terhadap Laba Bersih
                                          Dividend Payment Date              Total Dividends Paid                 Dividend Per Share                  Ratio to Net Income

                                               28 Juni 2025                    Rp70.920.000.000                           Rp5                                6,62%




                                     INFORMASI MATERIAL MENGENAI                                             MATERIAL INFORMATION ON
                                     INVESTASI, EKSPANSI, DIVESTASI,                                         INVESTMENT, EXPANSION, DIVESTMENT,
                                     PENGGABUNGAN/PELEBURAN USAHA,                                           BUSINESS MERGER, ACQUISITION, OR
                                     AKUISISI ATAU RESTRUKTURISASI                                           DEBT/EQUITY RESTRUCTURING
                                     UTANG/MODAL

                                     Selama tahun 2025, Perseroan dan Entitas Anak tidak                     Throughout 2025, the Company and its Subsidiaries did
                                     memiliki informasi material sehubungan dengan                           not have any material information related to activities
                                     kegiatan investasi, ekspansi, divestasi, penggabungan/                  involving investment, expansion, divestment, business
                                     peleburan kegiatan usaha, serta terkait restrukturisasi                 merger or consolidation, or debt/equity restructuring.
                                     utang/modal.




                  102                PT Indoritel Makmur Internasional Tbk                                                                  Laporan Tahunan 2025 Annual Report
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INFORMASI TRANSAKSI MATERIAL                                 INFORMATION ON MATERIAL
YANG MENGANDUNG BENTURAN                                     TRANSACTIONS INVOLVING CONFLICTS
KEPENTINGAN DAN/ATAU TRANSAKSI                               OF INTEREST AND/OR TRANSACTIONS
DENGAN PIHAK AFILIASI/PIHAK                                  WITH AFFILIATED/RELATED PARTIES
BERELASI

Selama tahun 2025, Perseroan tidak memiliki transaksi        Throughout 2025, the Company did not engage in
yang mengandung benturan kepentingan. Seluruh                any transactions involving conflicts of interest. All
transaksi yang dilakukan Perseroan, termasuk transaksi       transactions undertaken by the Company, including
dengan beberapa pihak berelasi, didasari dengan asas         those with related parties, were conducted on the basis




                                                                                                                                Management Discussion and Analysis
                                                                                                                                Analisis dan Pembahasan Manajemen
kewajaran dan mengacu kepada persyaratan yang telah          of fairness and in accordance with terms agreed upon
disetujui oleh kedua belah pihak.                            by both parties.

Transaksi dengan Pihak Berelasi                              Transactions with Related Parties
Perseroan melakukan transaksi dengan pihak-pihak             The Company conducted transactions with related
berelasi sesuai dengan definisi yang diuraikan pada          parties in accordance with the definition outlined in PSAK
PSAK No. 224 (sebelumnya PSAK 7) “Pengungkapan               No. 224 (formerly PSAK 7) on “Related Party Disclosures.”
Pihak Berelasi.” Seperti halnya dengan pihak ketiga,         Similar to transactions with third parties, the selling
harga jual, harga pembelian, beban sewa operasi, beban       prices, purchase prices, operating lease expenses,
asuransi, dan beban bunga dengan pihak-pihak berelasi        insurance expenses, and interest expenses involving
ditentukan berdasarkan negosiasi.                            related parties were determined through negotiation.

Daftar transaksi afiliasi yang merupakan kegiatan usaha      A list of affiliated transactions that constitute operational
yang dijalankan dalam rangka menghasilkan pendapatan         activities carried out to generate operating income—
usaha dan dijalankan secara rutin, berulang, dan/atau        conducted on a regular, recurring, and/or ongoing
berkelanjutan atau transaksi dengan pihak berelasi           basis—or transactions with related parties can be found
dapat dilihat dalam Catatan 31 “Saldo dan Transaksi-         in Note 31, “Balances and Transactions with Related
Transaksi dengan Pihak Berelasi” pada Laporan                Party,” of the Company’s 2025 Consolidated Financial
Keuangan Konsolidasian Perseroan Tahun 2025.                 Statements.

Pernyataan Direksi atas Kewajaran                            Board of Directors’ Statement on the
Transaksi Afiliasi                                           Fairness of Affiliated Transactions
Direksi menyatakan bahwa seluruh transaksi afiliasi          The Board of Directors affirms that all affiliated
yang dilakukan Perseroan telah melalui prosedur yang         transactions conducted by the Company have undergone
memadai untuk memastikan bahwa transaksi tersebut            adequate procedures to ensure that such transactions
telah dilaksanakan sesuai dengan praktik bisnis yang         were carried out in accordance with generally accepted
berlaku umum dan telah sesuai dengan ketentuan POJK          business practices, are in compliance with POJK No.
No. 42/2020 serta mematuhi prosedur yang memadai             42/2020, and have followed proper procedures to
untuk memastikan bahwa transaksi afiliasi telah              ensure they meet the arm’s length principle. All affiliated
dilaksanakan dengan memenuhi prinsip transaksi yang          transactions in 2025 were conducted fairly (on an arm’s
wajar (arm’s length principle). Seluruh transaksi afiliasi   length basis) and in line with normal commercial terms.
pada tahun 2025 dilakukan secara wajar (arm’s length)
dan sesuai dengan persyaratan komersial normal.

Kepatuhan terhadap Peraturan dan                             Compliance with Relevant Laws and
Ketentuan yang Terkait                                       Regulations
Dalam penyampaian informasi transaksi terafiliasi,           In disclosing affiliated transactions, the Company has
Perseroan     telah   melakukan     penelaahan    atas       conducted a review to ensure compliance with POJK No.
pemenuhan POJK No. 31/POJK.04/2015 tentang                   31/POJK.04/2015 on Disclosure of Material Information
Keterbukaan atas Informasi atau Fakta Material oleh          or Facts by Issuers or Public Companies and POJK
Emiten atau Perusahaan Publik dan POJK No. 42/2020           No. 42/2020 on Affiliated Transactions and Conflict
tentang Transaksi Afiliasi dan Benturan Kepentingan.         of Interest. The said review is also aligned with POJK
Penelaahan tersebut juga sejalan dengan POJK No.             No. 17/2020 on Material Transactions and Changes in
17/2020 tentang Transaksi Material dan Perubahan             Business Activities, as well as the Decree of the Board
Usaha, serta Keputusan Direksi PT Bursa Efek Indonesia       of Directors of the Indonesia Stock Exchange No. Kep-
No. Kep-00015/BEI/01-2021 tanggal 29 Januari 2021            00015/BEI/01-2021 dated January 29, 2021, concerning
tentang Peraturan No. I-E tentang Perubahan Peraturan        Regulation No. I-E on the Amendment to Regulation No.
No. I-E Tentang Kewajiban Penyampaian Informasi.             I-E on the Obligation to Submit Information.




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                                     PROGRAM KEPEMILIKAN SAHAM OLEH                                        EMPLOYEE AND/OR MANAGEMENT
                                     KARYAWAN DAN/ATAU MANAJEMEN                                           STOCK OWNERSHIP PROGRAM

                                     Hingga 31 Desember 2025, Perseroan belum memiliki                     As of December 31, 2025, the Company has not
                                     program kepemilikan saham oleh karyawan dan/atau                      implemented any stock ownership program for
                                     manajemen.                                                            employees and/or management.



                                     REALISASI PENGGUNAAN DANA HASIL                                       REALIZATION OF PROCEEDS FROM THE
                                     PENAWARAN UMUM                                                        PUBLIC OFFERING
Management Discussion and Analysis
Analisis dan Pembahasan Manajemen




                                     Per akhir 2025, seluruh dana yang dihasilkan Perseroan                As of the end of 2025, all proceeds received by the
                                     dari Penawaran Umum Perdana telah digunakan                           Company from the Initial Public Offering have been
                                     seluruhnya. Selain Penawaran Umum Perdana,                            fully utilized. Other than the Initial Public Offering, the
                                     Perseroan tidak melakukan penawaran umum lainnya.                     Company did not conduct any other public offerings.



                                     PERUBAHAN PERATURAN PERUNDANG-                                        AMENDMENTS TO LEGISLATION DURING
                                     UNDANGAN PADA TAHUN BUKU YANG                                         THE FINANCIAL YEAR WITH SIGNIFICANT
                                     BERPENGARUH SIGNIFIKAN TERHADAP                                       IMPACT ON THE COMPANY
                                     PERSEROAN

                                     Sepanjang 2025, tidak terdapat perubahan peraturan                    During 2025, there were no amendments to prevailing
                                     perundang-undangan       pada   tahun   buku  yang                    laws and regulations that had a significant impact on the
                                     berpengaruh signifikan terhadap Perseroan.                            Company.



                                     PERUBAHAN KEBIJAKAN AKUNTANSI                                         CHANGES IN ACCOUNTING POLICIES
                                     YANG DITERAPKAN PERSEROAN PADA                                        ADOPTED BY THE COMPANY IN THE
                                     TAHUN BUKU                                                            FINANCIAL YEAR

                                     Perseroan menerapkan pertama kali seluruh standar                     The Company has adopted for the first time all new and/
                                     baru dan/atau yang direvisi yang berlaku efektif untuk                or revised standards that became effective for periods
                                     periode yang dimulai pada atau setelah 1 Januari                      beginning on or after January 1, 2025, including the
                                     2025, termasuk standar yang direvisi berikut ini                      following revised standards that have an impact on the
                                     yang memengaruhi laporan keuangan konsolidasian                       Company’s consolidated financial statements:
                                     Perseroan:

                                                        Standar Baru/Revisi                                          Dampak terhadap Perseroan
                                       No.
                                                        New/Revised Standard                                           Impact on the Company

                                        1.    Amendemen PSAK 221: “Pengaruh                 Amandemen ini tidak memiliki dampak terhadap laporan keuangan konsolidasian
                                              Perubahan Kurs Valusa Asing” -Kekurangan      Perseroan
                                              Ketertukaran; dan                             This amendment has no impact on the Company’s consolidated financial
                                              Amendment PSAK 221: “The Effect of            statements.
                                              Changes in Foreign Exchange Rates”- Late of
                                              Exchangeability; and
                                              PSAK 117: “Kontrak Asuransi”.                 PSAK ini tidak memiliki dampak terhadap laporan keuangan konsolidasian
                                              PSAK 117: “Insurance Contracts”.              Perseroan
                                                                                            This PSAK does not have any impact on the Company’s consolidated financial
                                                                                            statements.




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Page 108
Setiap langkah dijaga oleh sistem pengaman
yang andal, memastikan perjalanan tetap
berada pada koridor yang aman, tertib, dan
bertanggung jawab.
Each step is protected by a reliable safety
system, ensuring the journey remains safe,
orderly, and responsible.
Page 109
 Tata Kelola
Perusahaan
Good Corporate Governance




     PT Indoritel Makmur Internasional Tbk
      Laporan Tahunan 2025 Annual Report
Page 110
                                                                                                                                    indoritel.co.id




                            Tata Kelola Perusahaan
                            Corporate Governance




                            Pelaksanaan tata kelola yang disiplin bertujuan untuk
                            menciptakan struktur dan proses pengawasan yang
Good Corporate Governance
Tata Kelola Perusahaan




                            komprehensif serta memastikan bahwa setiap aktivitas
                            bisnis dijalankan secara transparan, bertanggung jawab, dan
                            berlandaskan etika.

                            The implementation of disciplined governance aims to create a comprehensive
                            supervisory structure and process and ensure that all business activities are conducted
                            in a transparent, responsible, and ethical manner.




                            Penerapan tata kelola perusahaan yang profesional,        The implementation of professional, ethical, and
                            beretika, dan berintegritas merupakan pilar fundamental   integrity-driven corporate governance constitutes
                            dalam mendukung keberlanjutan, ketangguhan, dan           a fundamental pillar in supporting the Company’s
                            daya saing Perseroan. Dengan berlandaskan pada            sustainability, resilience, and competitiveness. Grounded
                            prinsip-prinsip Good Corporate Governance (GCG),          in the principles of Good Corporate Governance
                            pelaksanaan tata kelola yang disiplin bertujuan untuk     (GCG), disciplined governance practices are designed
                            menciptakan struktur dan proses pengawasan yang           to establish comprehensive oversight structures and
                            komprehensif serta memastikan bahwa setiap aktivitas      processes, while ensuring that all business activities are
                            bisnis dijalankan secara transparan, bertanggung jawab,   conducted in a transparent, accountable, and ethically
                            dan berlandaskan etika.                                   sound manner.



                            PEDOMAN PELAKSANAAN PRAKTIK GCG                           GUIDELINES FOR IMPLEMENTING GCG
                                                                                      PRACTICES

                            Dalam rangka mewujudkan tata kelola perusahaan yang       In order to realize corporate governance that upholds
                            berintegritas, bertanggung jawab, dan berorientasi pada   integrity, accountability, and a sustainability-oriented
                            keberlanjutan, Perseroan mendasarkan penerapan            approach, the Company bases its GCG practices on
                            praktik GCG pada 5 (lima) prinsip fundamental,            five fundamental principles, namely Transparency,
                            yaitu Transparansi, Akuntabilitas, Tanggung Jawab,        Accountability, Responsibility, Independence, and
                            Independensi, dan Kewajaran. Selain itu, Perseroan        Fairness. In addition, the Company adopts four pillars
                            juga mengadopsi 4 (empat) pilar governansi korporat       of corporate governance as set out in the Indonesian
                            yang diperkenalkan dalam Pedoman Umum Governansi          General Guidelines on Corporate Governance (PUG-KI),
                            Korporat Indonesia (PUG-KI), yakni Perilaku Beretika,     namely Ethical Conduct, Accountability, Transparency,
                            Akuntabilitas, Transparansi, dan Keberlanjutan.           and Sustainability.




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PANDUAN GCG                                                                     GCG GUIDELINES

Untuk meningkatkan kualitas penerapan praktik GCG,                              To enhance the quality of GCG implementation, the
Perseroan telah menyusun dan menerapkan berbagai                                Company has developed and implemented a range of
pedoman serta kebijakan GCG yang komprehensif dan                               comprehensive and mutually reinforcing GCG guidelines




                                                                                                                                                Good Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
saling melengkapi, antara lain:                                                 and policies, including the following:




  01              Pemutakhiran Pedoman Etika dan Perilaku
                  PT Mega Akses Persada (FiberStar) sebagaimana tercantum dalam
                                                                                                02       Penerbitan Board Manual pada
                                                                                                         19 Desember 2016
                  Surat Keputusan Direksi No. MAP/QM/BOD/LV1/10.0 tahun 2022                             Issuance of the Board Manual
                  Update of the Code of Ethics and Conduct of PT Mega Akses Persada                      on December 19, 2016
                  (FiberStar) as stipulated in the Board of Directors’ Decree No. MAP/QM/
                  BOD/LV1/10.0 of 2022




    03             Penerbitan Piagam
                   Komite Audit pada 22
                                                    04         Penerbitan Piagam Komite
                                                               Nominasi dan Remunerasi pada
                                                                                                     05       Piagam Audit Internal,
                                                                                                              diterbitkan pada 21
                   Juni 2016                                   22 Juni 2016                                   Agustus 2015
                   Issuance of the Audit                       Issuance of the Nomination and                 Internal Audit Charter,
                   Committee Charter on                        Remuneration Committee Charter                 issued on August 21, 2015
                   June 22, 2016                               on June 22, 2016




    07             Kebijakan Anti-Korupsi
                   pada 23 September
                                                   08          Kebijakan Komunikasi
                                                               Pemegang Saham atau
                                                                                                 09      Kebijakan Penilaian Kinerja
                                                                                                         Dewan Komisaris dan Direksi
                   2024                                        Investor pada 23 September                pada 23 September 2024
                   Anti-Corruption Policy                      2024                                      Board of Commissioners and
                   on September 23, 2024                       Shareholder or Investor                   Board of Directors Performance
                                                               Communication Policy on                   Evaluation Policy on September
                                                               September 23, 2024                        23, 2024




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                            SOSIALISASI KEBIJAKAN GCG                                 DISSEMINATION                OF        GCG          SOFT
                                                                                      STRUCTURES

                            Kebijakan GCG yang ditetapkan Perseroan merupakan         The GCG policies established by the Company are a
                            tanggung jawab bersama bagi seluruh pemangku              shared responsibility among all stakeholders working
                            kepentingan yang memiliki hubungan kerja dengan           with and for the Company. To ensure that these policies
                            Perseroan. Untuk memastikan bahwa kebijakan tersebut      are well understood and implemented consistently,
                            dipahami dan diimplementasikan secara konsisten,          the Company conducts periodic GCG socialization and
                            Perseroan menyelenggarakan kegiatan sosialisasi dan       education activities. These efforts are made through
                            edukasi GCG secara berkala. Upaya ini dilakukan melalui   various communication channels, including the
                            berbagai saluran komunikasi, antara lain penyampaian      dissemination of information via the Company’s internal
                            informasi melalui portal internal perusahaan, integrasi   portal, the integration of GCG materials into orientation
                            materi GCG dalam program orientasi bagi karyawan baru,    programs for new employees, and the provision of
Good Corporate Governance
Tata Kelola Perusahaan




                            serta penyediaan informasi bagi pemangku kepentingan      information to external stakeholders through the
                            eksternal melalui situs web resmi Perseroan.              Company’s official website.



                            KEBIJAKAN             KONFLIK           KEPENTINGAN       CONFLICT OF INTEREST POLICY [IDX G.09]
                            [IDX G.09]


                            Perseroan memiliki kebijakan yang mengatur secara         The Company has a policy that strictly regulates
                            tegas mengenai pencegahan konflik kepentingan             the prevention of conflicts of interest, applicable to
                            yang berlaku bagi seluruh karyawan, termasuk              all employees, including members of the Board of
                            anggota Dewan Komisaris dan Direksi. Setiap individu      Commissioners and Directors. Every individual within the
                            di lingkungan Perseroan wajib menjaga integritas          Company must maintain integrity and professionalism
                            dan profesionalisme dalam bekerja serta dilarang          in their work and shall refrain from misusing authority
                            menyalahgunakan wewenang atau memanfaatkan                or exploiting their position for personal, family, or other
                            jabatan untuk kepentingan pribadi, keluarga, atau         interests that could affect objectivity and independence.
                            pihak lain yang dapat memengaruhi objektivitas dan        To this end, the Company requires the disclosure of
                            independensinya. Untuk itu, Perseroan mewajibkan          potential conflicts of interest as a form of accountability
                            pengungkapan potensi konflik kepentingan sebagai          for every employee and ensures that all actions and
                            bentuk akuntabilitas setiap karyawan dan memastikan       decisions prioritize the Company’s interests.
                            bahwa setiap tindakan dan keputusan yang diambil
                            mengutamakan kepentingan Perseroan.




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Struktur Tata Kelola
Governance Structure



Sebagai perseroan terbatas yang didirikan berdasarkan              As an Indonesian limited liability company, the Company
hukum Indonesia, Perseroan memiliki 3 (tiga) organ tata            has 3 (three) corporate governing bodies comprising
kelola utama perusahaan yakni Rapat Umum Pemegang                  the General Meeting of Shareholders, the Board of
Saham, Dewan Komisaris, dan Direksi. Setiap organ                  Commissioners, and the Board of Directors. Each organ
Perseroan memiliki tugas dan wewenangnya masing-                   of the Company has its own independent duties and




                                                                                                                                         Good Corporate Governance
                                                                                                                                         Tata Kelola Perusahaan
masing secara independen sesuai dengan Anggaran                    authorities in accordance with the Company’s Articles of
Dasar Perseroan serta peraturan perundangan yang                   Association and prevailing laws and regulations.
berlaku.



                                                    Rapat Umum Pemegang Saham
                                                    General Meeting of Shareholders




                                          Dewan Komisaris                       Direksi
                                       Boaerd of Commissioners             Boaerd of Directors




          Komite Audit                                                                                       Sekretaris Perusahaan
         Audit Committee                                                                                       Corporate Secretary



                                        Komite Nominasi dan
                                             Remunerasi                       Audit Internal
                                     Nomination and Remuneration              Internal Audit
                                              Committee



Setiap organ memiliki tugas dan wewenangnya masing-                Each corporate body has its own duties and authorities,
masing dan independen dalam menjalankan tugas dan                  which it performs independently in accordance with the
wewenangnya sesuai dengan Anggaran Dasar Perseroan                 Company’s Articles of Association and applicable laws
dan peraturan perundangan yang berlaku.                            and regulations.

RUPS pada dasarnya merupakan wadah bagi para                       In principle, the General Meeting of Shareholders
pemegang saham untuk menentukan anggota Direksi                    serves as a forum for shareholders to elect members
dan Dewan Komisaris Perseroan, mengesahkan laporan                 of the Company’s Board of Directors and Board of
keuangan tahunan, menyetujui laporan tahunan,                      Commissioners, ratify the annual financial statements,
menetapkan penggunaan laba bersih, serta menyetujui                approve the annual report, determine net income
perubahan anggaran dasar dan restrukturisasi                       allocation, and approve changes to the Company’s
Perseroan. Dewan Komisaris menjalankan fungsi                      articles of association and restructuring. The Board of
pengawasan, sedangkan Direksi bertugas menjalankan                 Commissioners serves as an oversight function, while
kepengurusan Perseroan.                                            the Board of Directors is in charge of the Company’s
                                                                   management.




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                            Rapat Umum Pemegang Saham
                            General Meeting of Shareholders



                            Rapat Umum Pemegang Saham (RUPS) memiliki                                 The General Meeting of Shareholders (GMS) has
                            wewenang yang tidak diberikan kepada Dewan Komisaris                      authority that the Board of Commissioners and the Board
                            dan Direksi, antara lain mencakup pengambilan                             of Directors are not granted, including the authority
                            keputusan mengenai persetujuan atas laporan tahunan                       to approve the annual report and ratify the Board of
                            dan pengesahan laporan Dewan Komisaris, persetujuan                       Commissioners’ report, approve the Company’s financial
Good Corporate Governance
Tata Kelola Perusahaan




                            laporan keuangan Perseroan, penggunaan laba bersih                        statements, and utilize the Company’s net profit, as
                            Perseroan, serta pengangkatan dan pemberhentian                           well as to appoint and dismiss members of the Board
                            anggota Dewan Komisaris dan Direksi. RUPS terdiri dari                    of Commissioners and the Board of Directors. The GMS
                            RUPS Tahunan yang wajib diselenggarakan setiap tahun,                     consists of the Annual GMS, which must be held every
                            paling lambat 6 (enam) bulan setelah ditutupnya tahun                     year, no later than 6 (six) months after the closing of the
                            buku atau sesuai dengan ketentuan yang berlaku, dan                       Company’s fiscal year or in accordance with applicable
                            RUPS Luar Biasa yang dapat diadakan sewaktu-waktu                         regulations, and the Extraordinary GMS may be held at
                            berdasarkan kebutuhan.                                                    any time based on the Company’s need.



                            PERLAKUAN ADIL TERHADAP PEMEGANG                                          FAIR TREATMENT OF SHAREHOLDERS
                            SAHAM [IDX G.08]                                                          [IDX G.08]


                            Perseroan berkomitmen untuk selalu menjunjung tinggi                      The Company is committed to upholding the principles
                            prinsip keadilan dan kesetaraan dalam memperlakukan                       of fairness and equality in treating all shareholders. This
                            seluruh pemegang saham. Kebijakan ini bertujuan                           policy aims to protect shareholders’ rights and provide
                            untuk melindungi hak-hak pemegang saham dan                               equal opportunities for shareholders to access relevant
                            memberikan kesempatan yang setara kepada pemegang                         information and participate in strategic corporate
                            saham dalam memperoleh informasi yang relevan                             decision making.
                            serta berpartisipasi dalam pengambilan keputusan
                            perusahaan yang strategis.

                            Sepanjang tahun 2025, Perseroan menyelenggarakan 1                        In 2025, the Company held 1 (one) Annual GMS (“AGMS”)
                            (satu) kali RUPS Tahunan (“RUPST”) dan 1 (satu) kali RUPS                 and 1 (one) Extraordinary GMS (“EGMS”), both of which
                            Luar Biasa (“RUPSLB”) yang keduanya diselenggarakan                       were held on June 25, 2025.
                            pada 25 Juni 2025.



                            PELAKSANAAN RUPST 2025                                                    2025 AGMS IMPLEMENTATION

                             Tanggal                         25 Juni 2025
                             Date                            June 25, 2025
                             Waktu                           10.25 – 11.04 WIB
                             Time
                             Lokasi                          Ruang Melati, Wisma Indocement, Lantai Dasar
                             Location                        Jl. Jenderal Sudirman Kav. 70-71, Jakarta, 12910
                             Kehadiran Direksi dan
                                                                                 Jabatan | Position                                 Nama | Name
                             Dewan Komisaris
                             Attendance of the Board of
                             Directors and the Board of        Dewan Komisaris | Board of Commissioners
                             Commissioners                     Presiden Komisaris | President Commissioner                      Djisman Simandjuntak
                                                               Komisaris | Commissioner                                              Soedarsono
                                                               Komisaris | Commissioner                                         Ferry Noviar Yosaputra
                                                               Komisaris Independen | Independent Commissioner                   Janimiranti Inggawati
                                                               Komisaris Independen | Independent Commissioner                    Adi Pranoto Leman




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                                                       Jabatan | Position                                   Nama | Name

                                     Direksi | Board of Directors
                                     Presiden Direktur | President Director                                Haliman Kustedjo
                                     Direktur | Director                                                   Christian Rahardi
                                     Direktur | Director                                                  Kiki Yanto Gunawan
                                     Direktur | Director                                               Harjono Wreksoremboko

 Jumlah dan Persentase              Dihadiri oleh para pemegang saham atau kuasanya yang sah sejumlah 14.099.824.284 saham atau
 Kehadiran Pemegang Saham           99,407% dari total 14.184.000.000 saham.
 Number and Percentage of           Attended by shareholders or their duly authorized proxies representing 14,099,824,284 shares,
 Shareholders’ Attendance           equivalent to 99.407% of the total 14,184,000,000 shares.
 Pihak Independen dalam             Biro Administrasi Efek | Securities Administration Bureau : PT Raya Saham Registra
 Perhitungan Suara                  Notaris | Notary                                          : Deni Thanur S.E., S.H., M.Kn.




                                                                                                                                                  Good Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
 Independent Party in Vote
 Counting
 Mekanisme Pengambilan              Keputusan Rapat dilakukan diambil berdasarkan musyawarah untuk mufakat. Apabila musyawarah
 Keputusan                          untuk mufakat tidak tercapai, maka keputusan diambil melalui pemungutan suara.
 Decision Making Mechanism          Resolutions of the Meeting were adopted through deliberation to reach consensus. In the event that
                                    consensus could not be reached, resolutions were adopted by voting.



Agenda, Keputusan, dan Realisasi RUPST                                      Agenda, Decisions, and Realization of
2025                                                                        the 2025 AGMS

 Mata Acara Pertama | First Meeting Agenda
 Persetujuan Laporan Tahunan termasuk Laporan Tugas                     Approval of the Annual Report, including the Board of
 Pengawasan Dewan Komisaris dan Pengesahan Laporan Keuangan             Commissioners’ Supervisory Report, and Ratification of the
 Konsolidasian Perseroan untuk tahun buku yang berakhir pada            Company’s Consolidated Financial Statements for the financial year
 tanggal 31 Desember 2024.                                              ended December 31, 2024.
 Keputusan | Resolutions
 1. Menyetujui dan menerima laporan tahunan Perseroan termasuk          1. To approve and accept the Company’s Annual Report, including
    laporan tugas pengawasan Dewan Komisaris Perseroan tahun               the Board of Commissioners’ Supervisory Report, for the 2024
    buku 2024.                                                             financial year.
 2. Mengesahkan laporan keuangan konsolidasian Perseroan untuk          2. To ratify the Company’s Consolidated Financial Statements for
    tahun buku 2024 yang terdiri dari neraca dan perhitungan               the 2024 financial year, comprising the consolidated balance
    laba rugi konsolidasi serta penjelasan atas dokumen tersebut           sheet and consolidated statements of profit or loss, together
    yang telah diaudit oleh Kantor Akuntan Publik “Purwantono,             with the notes thereto, which have been audited by the Public
    Sungkoro dan Surja” anggota Ernst and Young Global Limited             Accounting Firm “Purwantono, Sungkoro and Surja,” a member
    dengan pendapat “wajar, dalam semua hal yang material,                 of Ernst & Young Global Limited, with an opinion stating that
    posisi keuangan konsolidasian Perseroan dan entitas anaknya            “the consolidated financial position of the Company and its
    tanggal 31 Desember 2024, serta kinerja keuangan dan arus              subsidiaries as of December 31, 2024, and their consolidated
    kas konsolidasiannya untuk tahun yang berakhir pada tanggal            financial performance and cash flows for the year then ended
    tersebut sesuai dengan Standar Akuntansi Keuangan di                   are presented fairly, in all material respects, in accordance with
    Indonesia” sesuai dengan laporannya nomor: 00405/2.1032/               Indonesian Financial Accounting Standards,” as set forth in its
    AU.1/10/0685-1/1/III/2025 tertanggal 26 Maret 2025, dan                report No. 00405/2.1032/AU.1/10/0685-1/1/III/2025 dated March
    menyatakan bahwa neraca laba rugi yang telah diumumkan                 26, 2025. The Meeting further resolved that the balance sheet
    dalam situs web Perseroan pada tanggal 08 April 2025 disahkan          and income statement previously published on the Company’s
    tanpa perubahan dalam Rapat, sehingga tidak perlu diumumkan            website on April 8, 2025 are hereby ratified without amendment
    kembali, sebagaimana disyaratkan dalam Pasal 68 ayat 4                 at the Meeting and therefore do not need to be republished, as
    Undang-Undang nomor 40 Tahun 2007 tentang Perseroan                    required under Article 68 paragraph (4) of Law No. 40 of 2007 on
    Terbatas berikut perubahannya (“UUPT”).                                Limited Liability Companies, as amended (“UUPT”).
 3. Sesuai dengan ketentuan Pasal 11 ayat 5 Anggaran Dasar              3. In accordance with Article 11 paragraph (5) of the Company’s
    Perseroan, dengan disetujuinya laporan tahunan Perseroan               Articles of Association, upon the approval of the Company’s
    dan disahkannya laporan keuangan konsolidasian Perseroan               Annual Report and the ratification of the Company’s
    tahun buku 2024, memberikan pelunasan dan pembebasan                   Consolidated Financial Statements for the 2024 financial
    tanggung jawab sepenuhnya kepada segenap anggota Direksi               year, to grant full release and discharge (acquit et de charge)
    dan anggota Dewan Komisaris Perseroan masing-masing atas               to all members of the Board of Directors and the Board
    tindakan pengurusan dan pengawasan yang telah dijalankan               of Commissioners of the Company, respectively, for their
    selama tahun buku 2024, sepanjang tindakan tersebut tercermin          management and supervisory actions carried out during the
    dalam laporan tahunan dan laporan keuangan konsolidasian               2024 financial year, insofar as such actions are reflected in
    Perseroan tahun buku 2024, kecuali perbuatan penggelapan,              the Company’s Annual Report and Consolidated Financial
    penipuan dan tindak pidana lainnya.                                    Statements for the 2024 financial year, except for acts of
                                                                           embezzlement, fraud, and other criminal offenses.
 Pemungutan Suara | Voting
 Setuju | Agree                        : 14.099.824.284 lembar saham | shares (100%)
 Tidak Setuju | Disagree               : 0 lembar saham | shares (0%)
 Abstain                               : 0 lembar saham | shares (0%)
 Total Suara Setuju | Total Agree Vote : 14.099.824.284 lembar saham | shares (100%)
 Realisasi | Realization
 Seluruh keputusan rapat di atas telah terealisasi dengan baik di       All of the resolutions of the Meeting as set forth above have been
 tahun 2025.                                                            duly implemented in 2025.




Laporan Tahunan 2025 Annual Report                                                                    PT Indoritel Makmur Internasional Tbk     113
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                             Mata Acara Kedua | Second Meeting Agenda
                             Penetapan penggunaan laba bersih Perseroan untuk tahun buku            Determination of the Use of the Company’s Net Profit for the
                             yang berakhir pada tanggal 31 Desember 2024.                           financial year ended December 31, 2024.
                             Keputusan | Resolutions
                             Menyetujui penggunaan laba bersih Perseroan untuk tahun buku           To approve the appropriation of the Company’s net profit for the
                             2024 yaitu sebesar Rp1.072.071.483.933 (satu triliun tujuh puluh       2024 financial year amounting to Rp1,072,071,483,933 (one trillion
                             dua miliar tujuh puluh satu juta empat ratus delapan puluh tiga ribu   seventy-two billion seventy-one million four hundred eighty-three
                             sembilan ratus tiga puluh tiga Rupiah), sebagai berikut:               thousand nine hundred thirty-three Rupiah), as follows:
                             1. Sebesar 0,09% dari laba bersih tahun buku 2024 yaitu sejumlah       1. An amount equivalent to 0.09% of the net profit for the 2024
                                Rp1.000.000.000 (satu miliar Rupiah) ditetapkan sebagai dana           financial year, totaling Rp1,000,000,000 (one billion Rupiah), shall
                                cadangan wajib untuk memenuhi ketentuan Pasal 23 Anggaran              be allocated as the mandatory reserve fund in accordance with
                                Dasar Perseroan dan Pasal 70 UUPT.                                     Article 23 of the Company’s Articles of Association and Article 70
                             2. Membagikan dividen tunai dengan nilai sebesar                          of the Company Law.
                                Rp70.920.000.000 (tujuh puluh miliar sembilan ratus dua puluh       2. To distribute cash dividends in the amount of Rp70,920,000,000
                                juta Rupiah) atau sebesar Rp5 (lima Rupiah) per lembar saham           (seventy billion nine hundred twenty million Rupiah), or Rp5 (five
                                yang setara dengan 6,62% dari laba bersih Perseroan yang dapat         Rupiah) per share, representing 6.62% of the Company’s net
Good Corporate Governance
Tata Kelola Perusahaan




                                diatribusikan kepada pemilik entitas induk.                            profit attributable to the owners of the parent entity.
                             3. Sisanya sebesar 93,29% dari laba bersih tahun buku 2024, yaitu      3. The remaining 93.29% of the net profit for the 2024 financial
                                sejumlah Rp1.000.151.483.933 (satu triliun seratus lima puluh          year, amounting to Rp1,000,151,483,933 (one trillion one
                                satu juta empat ratus delapan puluh tiga ribu sembilan ratus           hundred fifty-one million four hundred eighty-three thousand
                                tiga puluh tiga Rupiah) akan dibukukan sebagai laba ditahan/           nine hundred thirty-three Rupiah), shall be recorded as retained
                                Retained Earnings untuk mendukung pengembangan Perseroan.              earnings to support the Company’s development.
                             4. Atas penerimaan dividen tunai, para pemegang saham akan             4. Cash dividends received by shareholders shall be subject to
                                dikenakan pajak sesuai dengan ketentuan peraturan perundang-           tax in accordance with the prevailing laws and regulations.
                                undangan yang berlaku. Selanjutnya, memberikan kekuasaan               The Meeting further resolved to grant authority and power to
                                dan kewenangan kepada Direksi Perseroan untuk melakukan                the Company’s Board of Directors to take any actions deemed
                                tindakan-tindakan yang dianggap perlu termasuk mengatur                necessary, including determining the procedures for the
                                tata cara pembagian dividen kepada para pemegang saham                 distribution of dividends to the Company’s shareholders.
                                Perseroan.
                             Pemungutan Suara | Voting
                             Setuju | Agree                        : 14.099.824.284 lembar saham | shares (100%)
                             Tidak Setuju | Disagree               : 0 lembar saham | shares (0%)
                             Abstain                               : 0 lembar saham | shares (0%)
                             Total Suara Setuju | Total Agree Vote : 14.099.824.284 lembar saham | shares (100%)
                             Realisasi | Realization
                             Seluruh keputusan rapat di atas telah terealisasi dengan baik di       All of the resolutions of the Meeting as set forth above have been
                             tahun 2025.                                                            duly implemented in 2025.




                             Mata Acara Ketiga | Third Meeting Agenda
                             Penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik untuk         Appointment of a Public Accountant and/or Public Accounting Firm
                             mengaudit Laporan Keuangan Konsolidasian Perseroan tahun buku          to audit the Company’s Consolidated Financial Statements for the
                             yang berakhir pada tanggal 31 Desember 2025.                           financial year ended December 31, 2025.
                             Keputusan | Resolutions
                             1. Memberikan kewenangan kepada Dewan Komisaris Perseroan              1. To grant authority to the Company’s Board of Commissioners
                                untuk menentukan dan menunjuk Akuntan Publik dan/atau                  to determine and appoint a Public Accountant and/or Public
                                Kantor Akuntan Publik yang akan mengaudit Laporan Keuangan             Accounting Firm to audit the Company’s Consolidated Financial
                                Konsolidasian Perseroan untuk tahun buku yang berakhir                 Statements for the financial year ended December 31, 2025, as
                                pada tanggal 31 Desember 2025, serta kewenangan untuk                  well as the authority to determine the audit fee and other terms
                                menetapkan honorarium dan ketentuan lain untuk jasa audit.             and conditions of the audit services.
                             2. Dengan batasan atau kriteria antara lain sebagaimana diatur         2. Such appointment shall be subject to limitations or criteria,
                                dalam Peraturan Otoritas Jasa Keuangan Nomor 9 Tahun 2023              among others, as stipulated under Financial Services Authority
                                tentang Penggunaan Jasa Akuntan Publik dan Kantor Akuntan              Regulation No. 9 of 2023 on the Use of Public Accountant and
                                Publik dalam Kegiatan Jasa Keuangan serta mempertimbangkan             Public Accounting Firm Services in Financial Services Activities,
                                rekomendasi Komite Audit terkait penunjukan Akuntan Publik             and shall take into account the recommendation of the Audit
                                dan/atau Kantor Akuntan Publik untuk mengaudit buku                    Committee regarding the appointment of a Public Accountant
                                Perseroan tahun buku 2025.                                             and/or Public Accounting Firm to audit the Company’s books for
                                                                                                       the 2025 financial year.
                             Pemungutan Suara | Voting
                             Setuju | Agree                        : 14.099.824.284 lembar saham | shares (100%)
                             Tidak Setuju | Disagree               : 0 lembar saham | shares (0%)
                             Abstain                               : 0 lembar saham | shares (0%)
                             Total Suara Setuju | Total Agree Vote : 14.099.824.284 lembar saham | shares (100%)
                             Realisasi | Realization
                             Seluruh keputusan rapat di atas telah terealisasi dengan baik di       All of the resolutions of the Meeting as set forth above have been
                             tahun 2025.                                                            duly implemented in 2025.




                 114        PT Indoritel Makmur Internasional Tbk                                                                    Laporan Tahunan 2025 Annual Report
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 Mata Acara Keempat | Fourth Meeting Agenda
 Penetapan besarnya gaji dan tunjangan lainnya bagi Direksi dan          Determination of the amount of salary and other allowances for the
 honorarium bagi Dewan Komisaris Perseroan.                              Board of Directors and honorarium for the Board of Commissioners
                                                                         of the Company.
 Keputusan | Resolutions
 1. Melimpahkan wewenang kepada Dewan Komisaris untuk                    1. To delegate authority to the Board of Commissioners to
    menentukan besarnya remunerasi termasuk gaji dan tunjangan              determine the amount of remuneration, including salaries and
    lainnya bagi anggota Direksi Perseroan untuk tahun 2025.                other benefits, for the members of the Company’s Board of
 2. Menetapkan paket remunerasi bagi anggota Dewan Komisaris                Directors for the year 2025.
    untuk tahun 2025 adalah maksimum sebesar 105% dari                   2. To determine that the remuneration package for the members
    honorarium dan tunjangan tahun lalu dan selanjutnya                     of the Board of Commissioners for the year 2025 shall be set at a
    memberikan kuasa dan wewenang kepada Presiden Komisaris                 maximum of 105% of the honoraria and benefits of the previous
    untuk menetapkan pembagian di antara anggota Dewan                      year, and to further grant authority and power to the President
    Komisaris.                                                              Commissioner to determine the allocation among the members
                                                                            of the Board of Commissioners.
 Pemungutan Suara | Voting




                                                                                                                                                  Good Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
 Setuju | Agree                        : 14.099.824.284 lembar saham | shares (100%)
 Tidak Setuju | Disagree               : 0 lembar saham | shares (0%)
 Abstain                               : 0 lembar saham | shares (0%)
 Total Suara Setuju | Total Agree Vote : 14.099.824.284 lembar saham | shares (100%)
 Realisasi | Realization
 Seluruh keputusan rapat di atas telah terealisasi dengan baik di        All of the resolutions of the Meeting as set forth above have been
 tahun 2025.                                                             duly implemented in 2025.




PELAKSANAAN RUPSLB 2025                                                      2025 EGMS IMPLEMENTATION

 Tanggal                            25 Juni 2025
 Date                               June 25, 2025
 Waktu                              11.10 – 11.21 WIB
 Time
 Lokasi                             Ruang Melati, Wisma Indocement, Lantai Dasar
 Location                           Jl. Jenderal Sudirman Kav. 70-71, Jakarta, 12910
 Kehadiran Direksi dan
                                                        Jabatan | Position                                   Nama | Name
 Dewan Komisaris
 Attendance of the Board of
 Directors and the Board of          Dewan Komisaris | Board of Commissioners
 Commissioners                       Presiden Komisaris | President Commissioner                          Djisman Simandjuntak
                                     Komisaris | Commissioner                                                  Soedarsono
                                     Komisaris | Commissioner                                            Ferry Noviar Yosaputra
                                     Komisaris Independen | Independent Commissioner                      Janimiranti Inggawati
                                     Komisaris Independen | Independent Commissioner                       Adi Pranoto Leman
                                     Direksi | Board of Directors
                                     Presiden Direktur | President Director                                 Haliman Kustedjo
                                     Direktur | Director                                                    Christian Rahardi
                                     Direktur | Director                                                   Kiki Yanto Gunawan
                                     Direktur | Director                                                Harjono Wreksoremboko

 Jumlah dan Persentase              Dihadiri oleh para pemegang saham atau kuasanya yang sah sejumlah 14.099.824.284 saham atau
 Kehadiran Pemegang Saham           99,407% dari total 14.184.000.000 saham.
 Number and Percentage of           Attended by shareholders or their duly authorized proxies representing 14,099,824,284 shares,
 Shareholders’ Attendance           equivalent to 99.407% of the total 14,184,000,000 shares.
 Pihak Independen dalam             Biro Administrasi Efek | Securities Administration Bureau : PT Raya Saham Registra
 Perhitungan Suara                  Notaris | Notary                                          : Deni Thanur S.E., S.H., M.Kn.
 Independent Party in Vote
 Counting
 Mekanisme Pengambilan              Keputusan Rapat dilakukan diambil berdasarkan musyawarah untuk mufakat. Apabila musyawarah
 Keputusan                          untuk mufakat tidak tercapai, maka keputusan diambil melalui pemungutan suara.
 Decision Making Mechanism          Resolutions of the Meeting were adopted through deliberation to reach consensus. In the event that
                                    consensus could not be reached, resolutions were adopted by voting.




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                            Agenda, Keputusan,                        dan        Realisasi        Agenda, Resolution, and Realisation of
                            RUPSLB 2025                                                           EGMS 2025

                             Mata Acara Tunggal | Single Meeting Agenda
                             Persetujuan untuk menjaminkan harta kekayaan Perseroan berupa       Approval to pledge the Company’s assets in the form of shares
                             saham yang dimiliki Perseroan pada PT Mega Akses Persada (entitas   owned by the Company in PT Mega Akses Persada (a subsidiary),
                             anak) yang akan diikat secara gadai oleh para pemberi fasilitas     which will be pledged to the financing facility providers, in
                             pembiayaan, sehubungan dengan penandatanganan dokumen-              connection with the execution of financing documents arranged
                             dokumen pembiayaan yang diatur oleh (lead by/arrange by) PT         (lead by/arrange by) by PT Bank Mandiri (Persero) Tbk.
                             Bank Mandiri (Persero) Tbk.
                             Keputusan | Resolutions
                             1. Memberikan persetujuan untuk menjaminkan harta kekayaan          1. To grant approval to pledge the Company’s assets in the form
                                Perseroan berupa seluruh saham yang dimiliki Perseroan baik         of all shares owned by the Company, whether existing or to be
                                yang telah ada maupun yang akan ada di kemudian hari pada           acquired in the future, in PT Mega Akses Persada (a subsidiary),
Good Corporate Governance
Tata Kelola Perusahaan




                                PT Mega Akses Persada (entitas anak) yang akan diikat secara        which shall be pledged to the financing providers, in connection
                                gadai oleh para pemberi pembiayaan, sehubungan dengan               with the execution of financing documents arranged (lead by/
                                penandatanganan dokumen-dokumen pembiayaan yang diatur              arrange by) by PT Bank Mandiri (Persero) Tbk, with the number
                                oleh (lead by/arrange by) PT Bank Mandiri (Persero) Tbk dengan      of shares and such terms and conditions as deemed appropriate
                                jumlah saham, syarat-syarat dan ketentuan-ketentuan yang            by the Company’s Board of Directors.
                                dianggap baik oleh Direksi Perseroan.
                             2. Memberikan wewenang dan kuasa kepada Direksi Perseroan           2. To grant authority and power to the Company’s Board
                                atau Corporate Secretary dengan hak substitusi untuk                of Directors or the Corporate Secretary, with the right of
                                menyatakan dalam akta Notaris tersendiri mengenai keputusan         substitution, to state the resolutions of the Meeting in a
                                Rapat dan melakukan segala tindakan yang diperlukan berkaitan       separate Notarial Deed and to carry out all actions necessary in
                                dengan keputusan Rapat sesuai peraturan perundang-undangan          connection with the resolutions of the Meeting in accordance
                                yang berlaku.                                                       with the prevailing laws and regulations.
                             Pemungutan Suara | Voting
                             Setuju | Agree                        : 14.099.824.284 lembar saham | shares (100%)
                             Tidak Setuju | Disagree               : 0 lembar saham | shares (0%)
                             Abstain                               : 0 lembar saham | shares (0%)
                             Total Suara Setuju | Total Agree Vote : 14.099.824.284 lembar saham | shares (100%)
                             Realisasi | Realization
                             Seluruh keputusan rapat di atas telah terealisasi dengan baik di    All of the resolutions of the Meeting as set forth above have been
                             tahun 2025.                                                         duly implemented in 2025.



                            Realisasi Keputusan RUPST Tahun Buku                                  Realization of Resolutions of the AGMS
                            2023 dan RUPSLB 2024                                                  for the 2023 Financial Year and the EGMS
                                                                                                  2024

                             RUPST 2024 | AGMS 2024
                             Keputusan atas Mata Acara Pertama | Resolution on the First Meeting Agenda
                             1. Menyetujui dan menerima laporan tahunan Perseroan termasuk       1. To approve and accept the Company’s Annual Report, including
                                laporan tugas pengawasan Dewan Komisaris Perseroan tahun            the Board of Commissioners’ Supervisory Report, for the 2023
                                buku 2023.                                                          financial year.
                             2. Mengesahkan laporan keuangan konsolidasian Perseroan untuk       2. To ratify the Company’s Consolidated Financial Statements for
                                tahun buku 2023 yang terdiri dari neraca dan perhitungan            the 2023 financial year, comprising the consolidated balance
                                laba rugi konsolidasi serta penjelasan atas dokumen tersebut        sheet and consolidated statements of profit or loss, together
                                yang telah diaudit oleh Kantor Akuntan Publik “Purwantono,          with the notes thereto, which have been audited by the Public
                                Sungkoro dan Surja” anggota Ernst and Young Global Limited          Accounting Firm “Purwantono, Sungkoro and Surja,” a member
                                dengan pendapat “wajar, dalam semua hal yang material,              of Ernst & Young Global Limited, with an opinion stating that
                                posisi keuangan konsolidasian Perseroan dan entitas anaknya         “the consolidated financial position of the Company and its
                                tanggal 31 Desember 2023, serta kinerja keuangan dan arus           subsidiaries as of December 31, 2023, and their consolidated
                                kas konsolidasiannya untuk tahun yang berakhir pada tanggal         financial performance and cash flows for the year then ended
                                tersebut sesuai dengan Standar Akuntansi Keuangan di                are presented fairly, in all material respects, in accordance with
                                Indonesia” sesuai dengan laporannya Nomor 00389/2.1032/             Indonesian Financial Accounting Standards,” as set forth in its
                                AU.1/10/1833-1/1/III/2024 tertanggal 27 Maret 2024, dan             report No. 00389/2.1032/AU.1/10/1833-1/1/III/2024 dated March
                                menyatakan bahwa neraca laba rugi yang telah diumumkan              27, 2024. The Meeting further resolved that the balance sheet and
                                dalam situs web Perseroan pada tanggal 28 Maret 2024                income statement previously published on the Company’s website
                                disahkan tanpa perubahan dalam Rapat, sehingga tidak perlu          on March 28, 2024 are hereby ratified without amendment at the
                                diumumkan kembali, sebagaimana disyaratkan dalam Pasal 68           Meeting and therefore do not need to be republished, as required
                                ayat 4 Undang-Undang nomor 40 Tahun 2007 tentang Perseroan          under Article 68 paragraph (4) of Law No. 40 of 2007 on Limited
                                Terbatas berikut perubahannya (“UUPT”).                             Liability Companies, as amended (“Company Law”).
                             3. Sesuai dengan ketentuan Pasal 11 ayat 5 Anggaran Dasar           3. In accordance with Article 11 paragraph (5) of the Company’s
                                Perseroan, dengan disetujuinya laporan tahunan Perseroan            Articles of Association, upon the approval of the Company’s
                                dan disahkannya laporan keuangan konsolidasian Perseroan            Annual Report and the ratification of the Company’s Consolidated
                                tahun buku 2023, memberikan pelunasan dan pembebasan                Financial Statements for the 2023 financial year, to grant full
                                tanggung jawab sepenuhnya kepada segenap anggota Direksi            release and discharge (acquit et de charge) to all members of
                                dan anggota Dewan Komisaris Perseroan masing-masing atas            the Board of Directors and the Board of Commissioners of the
                                tindakan pengurusan dan pengawasan yang telah dijalankan            Company, respectively, for their management and supervisory
                                selama tahun buku 2023, sepanjang tindakan tersebut tercermin       actions carried out during the 2023 financial year, insofar as
                                dalam laporan tahunan dan laporan keuangan konsolidasian            such actions are reflected in the Company’s Annual Report and
                                Perseroan tahun buku 2023, kecuali perbuatan penggelapan,           Consolidated Financial Statements for the 2023 financial year,
                                penipuan dan tindak pidana lainnya.                                 except for acts of embezzlement, fraud, and other criminal
                                                                                                    offenses.



                 116        PT Indoritel Makmur Internasional Tbk                                                                Laporan Tahunan 2025 Annual Report
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 RUPST 2024 | AGMS 2024
 Keputusan atas Mata Acara Kedua | Resolution on the Second Meeting Agenda
 Menyetujui penggunaan Laba Bersih Perseroan untuk Tahun Buku         To approve the appropriation of the Company’s Net Profit for the
 2023, sebagai berikut:                                               2023 Financial Year, as follows:
 1. Sebesar 0,14% dari laba bersih tahun buku 2023 yaitu sejumlah     1. An amount equivalent to 0.14% of the net profit for the 2023
    Rp1.000.000.000 (satu miliar Rupiah) ditetapkan sebagai dana         financial year, totaling Rp1,000,000,000 (one billion Rupiah), shall
    cadangan wajib untuk memenuhi ketentuan Pasal 23 Anggaran            be allocated as the mandatory reserve fund in accordance with
    Dasar Perseroan dan Pasal 70 UUPT.                                   Article 23 of the Company’s Articles of Association and Article 70
 2. Sisanya sebesar 99,86% dari laba bersih tahun buku 2023,             of the Company Law.
    yaitu sejumlah Rp720.040.803.536 (tujuh ratus dua puluh miliar    2. The remaining 99.86% of the net profit for the 2023 financial
    empat puluh juta delapan ratus tiga ribu lima ratus tiga puluh       year, amounting to Rp720,040,803,536 (seven hundred twenty
    enam Rupiah) akan dibukukan sebagai laba ditahan/Retained            billion forty million eight hundred three thousand five hundred
    Earnings untuk mendukung pengembangan Perseroan.                     thirty-six Rupiah), shall be recorded as retained earnings to
                                                                         support the Company’s development.

 Sesuai kebijakan dividen yang diterapkan oleh Perseroan, maka        In accordance with the dividend policy adopted by the Company,
 Perseroan pada tahun ini tidak membagikan dividen karena             no dividends were distributed in the current year, as there was




                                                                                                                                                  Good Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
 tidak terdapat surplus kas dari aktivitas operasional setelah dana   no surplus cash from operating activities after the allocation of
 tersebut disisihkan untuk dana cadangan, kegiatan pendanaan,         funds for mandatory reserves, financing activities, planned capital
 rencana pengeluaran modal serta modal kerja Perseroan.               expenditures, and the Company’s working capital. The Company
 Perseroan juga perlu menerapkan prinsip kehati-hatian terutama       also applies the principle of prudence, particularly to safeguard
 untuk menjamin likuiditas dalam rangka mengedepankan                 liquidity, in order to uphold its responsibilities to shareholders,
 tanggung jawab kepada pemegang saham, kreditur dan pemangku          creditors, and other stakeholders
 kepentingan lainnya.
 Keputusan atas Mata Acara Ketiga | Resolution on the Third Meeting Agenda
 1. Memberikan kewenangan kepada Dewan Komisaris Perseroan            1. To grant authority to the Company’s Board of Commissioners
    untuk menentukan dan menunjuk Akuntan Publik dan/atau                to determine and appoint a Public Accountant and/or Public
    Kantor Akuntan Publik yang akan mengaudit Laporan Keuangan           Accounting Firm to audit the Company’s Consolidated Financial
    Konsolidasian Perseroan untuk tahun buku yang berakhir               Statements for the financial year ended December 31, 2024, as
    pada tanggal 31 Desember 2024, serta kewenangan untuk                well as the authority to determine the audit fee and other terms
    menetapkan honorarium dan ketentuan lain untuk jasa audit.           and conditions of the audit services.
 2. Dengan batasan atau kriteria antara lain sebagaimana              2. Such appointment shall be subject to limitations or criteria,
    diatur dalam Peraturan Otoritas Jasa Keuangan nomor 13/              among others, as stipulated under Financial Services Authority
    POJK.03/2017 tentang Penggunaan Jasa Akuntan Publik                  Regulation No. 13/POJK.03/2017 on the Use of Public Accountant
    dan Kantor Akuntan Publik dalam Kegiatan Jasa Keuangan               and Public Accounting Firm Services in Financial Services
    serta mempertimbangkan rekomendasi Komite Audit terkait              Activities, and shall take into account the recommendation
    penunjukan Akuntan Publik dan/atau Kantor Akuntan Publik             of the Audit Committee regarding the appointment of a
    untuk mengaudit buku Perseroan tahun buku 2024.                      Public Accountant and/or Public Accounting Firm to audit the
                                                                         Company’s books for the 2024 financial year.
 Keputusan atas Mata Acara Keempat | Resolution on the Fourth Meeting Agenda
 1. Melimpahkan wewenang kepada Dewan Komisaris untuk                 1. To delegate authority to the Board of Commissioners to
    menentukan besarnya remunerasi termasuk gaji dan tunjangan           determine the amount of remuneration, including salaries and
    lainnya bagi anggota Direksi Perseroan untuk tahun 2024.             other benefits, for the members of the Company’s Board of
 2. Tidak ada kenaikan paket remunerasi bagi anggota Dewan               Directors for the year 2024.
    Komisaris untuk tahun 2024.                                       2. There shall be no increase in the remuneration package for the
                                                                         members of the Board of Commissioners for the year 2024.


 RUPSLB 2024 | EGMS 2024
 Keputusan atas Mata Acara Tunggal | Resolution on Single Agenda Item
 1. Memberikan persetujuan untuk menjaminkan harta kekayaan           1. To grant approval to pledge the Company’s assets in the form
    Perseroan berupa saham yang dimiliki Perseroan pada PT Mega          of shares owned by the Company in PT Mega Akses Persada
    Akses Persada (entitas anak) yang akan diikat secara gadai           (a subsidiary), which shall be pledged to the financing facility
    oleh para pemberi fasilitas pembiayaan, sehubungan dengan            providers, in connection with syndicated facilities received by
    fasilitas-fasilitas sindikasi yang diterima oleh PT Mega Akses       PT Mega Akses Persada from the financing providers, namely
    Persada dari para pemberi fasilitas pembiayaan yaitu PT Bank         PT Bank Negara Indonesia (Persero) Tbk and other participating
    Negara Indonesia (Persero) Tbk dan bank peserta sindikasi            syndicate banks, with the number of shares and such terms and
    lainnya, dengan jumlah saham, syarat-syarat dan ketentuan-           conditions as deemed appropriate by the Company’s Board of
    ketentuan yang dianggap baik oleh Direksi Perseroan.                 Directors.
 2. Memberikan wewenang dan kuasa kepada Direksi Perseroan            2. To grant authority and power to the Company’s Board
    atau Corporate Secretary dengan hak substitusi untuk                 of Directors or the Corporate Secretary, with the right of
    menyatakan dalam akta notaris tersendiri mengenai keputusan          substitution, to state the resolutions of the Meeting in a
    dalam mata acara Rapat dan melakukan segala tindakan yang            separate Notarial Deed and to carry out all actions necessary in
    diperlukan berkaitan dengan keputusan Rapat sesuai peraturan         connection with the resolutions of the Meeting in accordance
    perundang-undangan yang berlaku.                                     with the prevailing laws and regulations.



Seluruh keputusan RUPST untuk tahun buku 2023 dan                      All resolutions of the AGMS for the 2023 financial year
RUPSLB yang diselenggarakan pada tahun 2024 telah                      and the EGMS convened in 2024 were fully implemented
terealisasi sepenuhnya pada tahun 2024.                                in 2024.




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                            Dewan Komisaris
                            Board of Commissioners



                            Mengacu pada POJK 33/POJK.04/2014 tentang Direksi        With reference to Financial Services Authority
                            dan Dewan Komisaris Emiten atau Perusahaan Publik        Regulation No. 33/POJK.04/2014 on the Board of
                            (“POJK 33/2014”) dan Anggaran Dasar Perusahaan,          Directors and Board of Commissioners of Issuers or
                            Dewan Komisaris adalah organ tata kelola utama           Public Companies (“POJK 33/2014”) and the Company’s
                            Perseroan yang bertugas dan bertanggung jawab            Articles of Association, the Board of Commissioners is
Good Corporate Governance
Tata Kelola Perusahaan




                            secara kolektif untuk melakukan pengawasan secara        the Company’s principal governance organ, collectively
                            umum dan/atau khusus sesuai dengan Anggaran Dasar,       charged with and responsible for exercising general and/
                            memberikan nasihat kepada Direksi, serta memastikan      or specific supervision in accordance with the Articles of
                            bahwa perusahaan telah menerapkan prinsip-prinsip        Association, providing advice to the Board of Directors,
                            GCG. Dalam menjalankan fungsi dan peranannya,            and ensuring that the Company has implemented
                            Dewan Komisaris juga mengemban tugas fiduciary           the principles of Good Corporate Governance (GCG).
                            untuk bertindak secara independen demi kepentingan       In carrying out its functions and roles, the Board of
                            terbaik Perseroan.                                       Commissioners also assumes fiduciary duties to act
                                                                                     independently in the best interests of the Company.

                            Piagam Dewan Komisaris                                   Board Manual
                            Perseroan memiliki Piagam Dewan Komisaris atau           The Company’s Board of Commissioners Charter or
                            Board Manual yang diterbitkan pada 19 Desember           Board Manual was published on December 19, 2016.
                            2016. Board Manual merupakan pedoman bagi Direksi        The Board Manual provides guidelines for the Board of
                            dan Dewan Komisaris untuk menjalankan tugas dan          Directors and Board of Commissioners to carry out their
                            tanggung jawabnya secara transparan, akuntabel,          duties and responsibilities in a transparent, accountable,
                            bertanggungjawab, mandiri, dan wajar demi tercapainya    responsible, independent, and fair manner in order to
                            tujuan Perseroan. Board Manual ditinjau secara berkala   achieve the Company’s objectives. The Board Manual is
                            dan dapat diperbarui apabila dianggap perlu dengan       reviewed on a regular basis and, if necessary, updated
                            tetap memperhatikan ketentuan dan perundang-             while remaining consistent with applicable provisions
                            undangan yang berlaku. Board Manual dapat diakses        and laws. The Board Manual can be accessed and
                            dan diunduh melalui situs web Perseroan.                 downloaded from the Company’s website.

                            Tugas dan Tanggung Jawab                                 Duties and Responsibilities
                            Dalam melaksanakan tugas dan tanggung jawabnya,          In carrying out its duties and responsibilities, the Board
                            Dewan      Komisaris    senantiasa berpegang     dan     of Commissioners always adheres to and is guided by
                            berpedoman pada Board Manual, Anggaran Dasar             the Board Manual, the Company’s Articles of Association,
                            Perseroan, dan peraturan perundang-undangan yang         and the applicable statutory regulations. The Board
                            berlaku. Dewan Komisaris melakukan pembagian tugas       of Commissioners distributes duties according to the
                            sesuai dengan kompetensi dan keahlian masing-masing      capabilities and expertise of each member of the Board
                            anggota Dewan Komisaris dengan memperhatikan             of Commissioners with due regard to the Company’s
                            lingkup usaha Perseroan agar dapat memberikan            business scope. The division of duties is regulated
                            kinerja yang optimal. Pembagian tugas tersebut diatur    independently among members of the Board of
                            sendiri di antara anggota Dewan Komisaris.               Commissioners.

                            Sebagaimana tercantum pada Board Manual, tugas           As stated in the Board Manual, the duties and
                            dan tanggung jawab Dewan Komisaris adalah sebagai        responsibilities of the Board of Commissioners are as
                            berikut:                                                 follows:
                            1. Melakukan tugas pengawasannya dengan itikad           1. Carry out supervisory duties in good faith, prudently,
                                baik, kehati-hatian, dan bertanggung jawab.               and responsibly.
                            2. Menelaah dan menyetujui Rencana Kerja dan             2. Review and approve the Company’s Annual Work
                                Anggaran Tahunan (RKAP) Perseroan sebelum                 Plan and Budget (RKAP) before the start of the next
                                tahun buku berikutnya dimulai.                            financial year.
                            3. Meneliti dan menelaah laporan berkala dan laporan     3. Research and review the periodic reports and
                                tahunan yang disiapkan Direksi.                           annual reports prepared by the Board of Directors.




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4.   Melaporkan kepemilikan sahamnya (dan/atau               4.   Report to the Company regarding their (and/or their
     keluarganya) pada Perseroan dan perusahaan lain              family’s) shares ownership in the Company and
     kepada Perseroan dan regulator yang berwenang.               other companies, to the Company and authorized
5.   Membuat laporan atas tugas pengawasan yang telah             regulators.
     dilakukan selama tahun buku dan menyampaikan            5.   Make a report on supervisory duties that have been
     laporan tersebut kepada RUPS.                                carried out during the financial year and submit the
6.   Wajib membentuk Komite Audit dan komite lainnya              report to the GMS,
     untuk mendukung efektivitas pelaksanaan tugas           6.   To support the effectiveness of carrying out its duties
     dan tanggung jawabnya.                                       and responsibilities, the Board of Commissioners is
7.   Melakukan evaluasi atas kinerja komite yang                  required to form an Audit Committee and may form
     membantu pelaksanaan tugas dan tanggung jawab                other committees,
     Dewan Komisaris.                                        7.   Evaluate the performance of the committees
8.   Memiliki dan memelihara pedoman dan tata tertib              that assist the implementation of the duties and




                                                                                                                                Good Corporate Governance
                                                                                                                                Tata Kelola Perusahaan
     kerja Dewan Komisaris.                                       responsibilities of the Board of Commissioners,
9.   Dalam melaksanakan fungsi pengawasannya,                8.   Possess and maintain the guidelines and work rules
     Dewan Komisaris tidak boleh turut serta dalam                of the Board of Commissioners,
     mengambil keputusan operasional.                        9.   In carrying out its supervisory function, the Board
                                                                  of Commissioners may not participate in making
                                                                  operational decisions.

Pemisahan Tugas dan Tanggung Jawab antara                    Separation of Duties between President
Presiden Komisaris dan Presiden Direktur [IDX G.03]          Commissioner and President Director [IDX G.03]
Perseroan memastikan terdapat pemisahan yang jelas           The Company ensures a clear separation of duties and
antara tugas dan tanggung jawab Presiden Komisaris           responsibilities between the President Commissioner
dan Presiden Direktur yang bertanggung jawab atas            and the President Director where the latter is responsible
operasional perusahaan. Pemisahan yang jelas ini             for the Company’s overall operations. The segregation of
bertujuan untuk menghindari konflik kepentingan              duties aims to avoid conflicts of interest and to support
serta untuk mendukung independensi dan efektivitas           the independence and effectiveness of the Board of
pengawasan yang dilakukan oleh Dewan Komisaris               Commissioners’ oversight of the Board of Directors in
terhadap kebijakan yang dijalankan oleh Direksi.             running the Company.

Rapat                                                        Meetings
Rapat Dewan Komisaris wajib diadakan paling kurang 1         The Board of Commissioners meeting is held at least 1
(satu) kali dalam 2 (dua) bulan, dan rapat bersama Direksi   (one) time every 2 (two) months, and joint meetings with
diadakan paling kurang 1 (satu) kali dalam 4 (empat)         the Board of Directors are held at least once every 4 (four)
bulan. Rapat Dewan Komisaris juga dapat diadakan             months. The Board of Commissioners meeting may be
jika dianggap perlu oleh salah seorang anggota Dewan         held if deemed necessary by 1 (one) of the members of
Komisaris atau atas permintaan tertulis seorang atau         the Board of Commissioners or at the written request of
lebih anggota Direksi, atau atas permintaan tertulis 1       1 (one) or more members of the Board of Directors, or
(satu) orang atau lebih pemegang saham yang bersama-         at the written request by 1 (one) or more shareholders
sama mewakili 1/10 (satu persepuluh) atau lebih jumlah       jointly representing 1/10 (one tenth) or more of the total
seluruh saham dengan hak suara.                              shares with voting rights.

Rapat bersifat sah dan berhak mengambil keputusan            The meeting is valid and reserves the right to make a
yang mengikat apabila lebih dari ½ (satu per dua) dari       binding decision when more than 1/2 (one-half) of the
jumlah anggota Dewan Komisaris hadir atau diwakili           members of the Board of Commissioners are present or
dalam rapat tersebut. Anggota Dewan Komisaris dapat          represented by proxies. The members of the Board of
berpartisipasi dalam rapat melalui telepon konferensi        Commissioners may join a meeting via conference call
atau peralatan komunikasi sejenis yang memungkinkan          or similar communications media that allow everyone to
semua orang yang berpartisipasi dalam rapat untuk            participate in the meeting to hear and/or see each other.
saling mendengar dan/atau melihat satu sama lain.            Such participation is equated with personal presence in
Partisipasi demikian disamakan dengan kehadiran secara       the meeting and counted in the attendance quorum of
pribadi dalam rapat Dewan Komisaris dan dihitung dalam       the meeting.
menentukan kuorum kehadiran rapat Dewan Komisaris.

Dewan Komisaris juga dapat mengambil keputusan               The Board of Commissioners may make valid and binding
yang sah dan mengikat tanpa mengadakan rapat                 decisions without holding a Board of Commissioners
Dewan Komisaris, dengan syarat semua anggota                 meeting on the condition that all members of the Board
Dewan Komisaris menyetujui secara tertulis dengan            of Commissioners agree on a written form and sign the
menandatangani usul yang bersangkutan. Keputusan

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                            yang diambil dengan cara demikian memiliki kekuatan                     related resolutions. Such resolutions have equal power
                            yang sama dengan keputusan yang diambil secara sah                      with the valid resolutions taken in the meeting.
                            dalam rapat Dewan Komisaris.

                            Rapat Dewan Komisaris membahas berbagai hal yang                        The Board of Commissioners meeting discussed various
                            menjadi rekomendasi Dewan Komisaris terhadap                            matters that became recommendations from the Board
                            pengelolaan strategis Perseroan ataupun persetujuan                     of Commissioners regarding the strategic management
                            Dewan Komisaris lainnya. Sepanjang tahun 2025,                          of the Company or other approvals from the Board
                            Dewan Komisaris telah mengadakan 6 (enam) kali rapat                    of Commissioners. Throughout 2025, the Board of
                            internal dan 4 (empat) kali rapat gabungan bersama                      Commissioners held 6 (six) internal meetings and 4 (four)
                            Direksi. Seluruh anggota Dewan Komisaris hadir pada                     joint meetings with the Board of Directors. All members of
                            rapat internal dan rapat gabungan tahun 2025 dengan                     the Board Commissioners attended internal meetings and
                            tingkat kehadiran 100%.                                                 joint meetings in 2025 with an attendance rate of 100%.
Good Corporate Governance
Tata Kelola Perusahaan




                            Kebijakan Pelatihan dan Kegiatan                                        Training and Competency Development
                            Pengembangan Kompetensi [IDX G.05]                                      Policy [IDX G.05]
                            Dewan Komisaris memiliki kesempatan seluas-luasnya                      The Board of Commissioners is provided with broad
                            untuk berpartisipasi dan berkontribusi aktif dalam                      opportunities to participate in and actively contribute to
                            berbagai program pelatihan serta pengembangan                           various training and competency development programs.
                            kompetensi. Kegiatan pengembangan ini dirancang                         These development activities are designed to enhance
                            untuk    meningkatkan     kemampuan        manajerial,                  the managerial capabilities, technical knowledge, and
                            pengetahuan teknis, serta kecakapan strategis                           strategic competencies of the Board of Commissioners
                            Dewan Komisaris dalam menjalankan peran dan                             in carrying out its roles and responsibilities. The following
                            tanggungjawabnya. Berikut adalah pelatihan yang diikuti                 are the training programs attended by the Board of
                            Dewan Komisaris sepanjang tahun 2025:                                   Commissioners throughout 2025:

                                 Nama                          Judul Pelatihan                                  Tanggal                    Penyelenggara
                                 Name                            Training Title                                  Date                        Organizer

                             Djisman         Empowering Trust: Connecting the World of               16-17 Desember 2025           Asosiasi Asuransi Umum
                             Simandjuntak    Insurance and Reinsurance                               December 16-17, 2025          Indonesia (AAUI)
                                             The Fiscal Tight Rope: Funding Indonesia’s Bold         27 Februari 2025              The Jakarta Post
                                             Ambitions                                               February 27, 2025
                             Dr. Timotius    Leading Organization Transformation                     11 Desember 2025              Sampoerna
                                                                                                     December 11, 2025
                                             What’s Driving Chance to Stay Ahead of The Curve for    2-4 Desember 2025             Yayasan Pendidikan Internal
                                             Internal Auditors in The Coming Years?                  December 2-4, 2025            Audit



                            Program Orientasi bagi Komisaris Baru                                   Orientation   Program                      for          New
                            Setiap anggota Dewan Komisaris yang baru diangkat                       Commissioners
                            diwajibkan untuk mengikuti program orientasi sebagai                    Each newly appointed member of the Board of
                            langkah awal untuk memahami secara menyeluruh                           Commissioners is required to participate in an
                            arah dan karakteristik Perseroan. Program ini disusun                   orientation program as an initial step to gain a thorough
                            untuk memastikan bahwa anggota Dewan Komisaris                          understanding of the Company’s direction and
                            baru memperoleh pemahaman yang komprehensif                             characteristics. This program is designed to ensure that
                            mengenai visi dan misi Perseroan, model dan proses                      new members of the Board of Commissioners obtain a
                            bisnis, budaya perusahaan, peran serta tanggung jawab                   comprehensive understanding of the Company’s vision
                            jabatan, serta rencana strategis jangka pendek dan                      and mission, business model and processes, corporate
                            jangka panjang. Sepanjang tahun 2025, Perseroan tidak                   culture, the roles and responsibilities of their positions,
                            menyelenggarakan program orientasi untuk Dewan                          as well as the Company’s short-term and long-term
                            Komisaris, disebabkan oleh tidak adanya pengangkatan                    strategic plans. Throughout 2025, the Company did
                            anggota Dewan Komisaris baru selama periode tersebut.                   not conduct an orientation program for the Board of
                                                                                                    Commissioners, as there were no new appointments to
                                                                                                    the Board of Commissioners during the period.

                            Jenis Persetujuan yang Membutuhkan                                      Types of Matters Requiring Approval
                            Persetujuan Dewan Komisaris                                             from the Board of Commissioners
                            Sebagaimana termuat dalam Anggaran Dasar Perseroan,                     As stipulated in the Company’s Articles of Association,
                            hal-hal yang perlu mendapatkan persetujuan Dewan                        the following matters are required to obtain the approval
                            Komisaris adalah:                                                       of the Board of Commissioners:



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1.   Pemberian dan/atau penerimaan pinjaman uang            1.    The granting and/or receipt of loans from any party,
     dari siapapun, apabila jumlah pinjaman melebihi             where the loan amount exceeds the threshold and
     jumlah dan jangka waktu yang ditetapkan dari                tenor determined from time to time;
     waktu ke waktu;                                        2.   The acquisition of immovable assets, including land
2.   Perolehan barang tidak bergerak, termasuk hak               rights or companies;
     atas tanah atau perusahaan-perusahaan;                 3.   The execution of non-routine agreements or
3.   Pelaksanaan perjanjian/kontrak dengan pihak lain            contracts with other parties;
     yang bersifat tidak rutin;                             4.   The establishment of a new business or participation
4.   Pendirian suatu usaha baru atau turut serta pada            in other companies, whether domestically or
     perusahaan lain, baik di dalam dan luar negeri.             overseas.

Penilaian atas Kinerja Komite di bawah                      Evaluation of the                Performance             of
Dewan Komisaris                                             Committees under                 the Board               of




                                                                                                                              Good Corporate Governance
                                                                                                                              Tata Kelola Perusahaan
                                                            Commissioners
Dewan Komisaris dibantu oleh 2 (dua) organ                  The Board of Commissioners is assisted by two auxiliary
pendukung, yaitu Komite Audit serta Komite Nominasi         organs, namely the Audit Committee and the Nomination
dan Remunerasi (“keduanya disebut Komite”).                 and Remuneration Committee (collectively referred to
                                                            as the “Committees”).

Prosedur Penilaian Kinerja dan Pihak Penilai                Performance        Evaluation       Procedures          and
Penilaian kinerja terhadap Komite dilakukan oleh            Assessors
Dewan Komisaris sekurang-kurangnya sekali dalam             The performance of the Committees is evaluated by
setahun. Dalam proses pelaksanaan penilaian kinerja,        the Board of Commissioners at least once a year. In
Dewan Komisaris meminta Komite untuk memberikan             conducting the performance evaluation, the Board of
pelaporan atas seluruh pelaksanaan tugas dan                Commissioners requests the Committees to submit
wewenangnya, dan pandangan independen atas                  reports on the execution of all their duties and
pelaporan keuangan yang dikeluarkan oleh Perseroan.         authorities, as well as their independent views on the
                                                            Company’s issued financial reports.

Kriteria Penilaian                                          Evaluation Criteria
Dalam melakukan penilaian kinerja, Dewan Komisaris          In assessing performance, the Board of Commissioners
mempertimbangkan        sejumlah      aspek     seperti     considers several aspects, including the fulfillment of
pemenuhan tugas dan tanggung jawab, pelaksanaan             duties and responsibilities, the conduct of meetings and
rapat serta rekomendasi yang diberikan, keragaman           the recommendations provided, as well as the diversity
kapabilitas, pengalaman, serta keahlian anggota komite      of capabilities, experience, and expertise of committee
untuk mendukung pelaksanaan tugas dan tanggung              members in supporting the effective performance of the
jawab Dewan Komisaris secara efektif.                       Board of Commissioners’ duties and responsibilities.

Hasil Penilaian                                             Evaluation Results
Berdasarkan evaluasi dan penilaian Dewan Komisaris,         Based on the evaluation and assessment conducted by
kedua Komite telah menjalankan tugas dan tanggung           the Board of Commissioners, both Committees have
jawabnya dengan baik sesuai dengan ketentuan yang           performed their duties and responsibilities properly in
berlaku.                                                    accordance with the applicable provisions.

Sepanjang tahun 2025, Komite Audit telah melakukan          Throughout 2025, the Audit Committee carried
pengawasan terhadap hal-hal yang terkait dengan             out oversight of matters related to the quality of
kualitas informasi keuangan, sistem pengendalian            financial information, the internal control system, the
internal, efektivitas pemeriksaan auditor eksternal dan     effectiveness of both external and internal audits, the
internal, efektivitas pelaksanaan manajemen risiko, serta   effectiveness of risk management implementation,
kepatuhan terhadap peraturan perundang-undangan             and compliance with prevailing laws and regulations.
yang berlaku. Komite Audit juga aktif melakukan             The Audit Committee also actively conducted periodic
monitoring berkala, mengevaluasi perencanaan dan            monitoring, evaluated audit planning and execution,
pelaksanaan audit, serta menindaklanjuti hasil audit        and followed up on audit results in order to assess
dalam rangka menilai kecukupan pengendalian internal.       the adequacy of internal controls. Meanwhile, the
Sementara itu, Komite Nominasi dan Remunerasi telah         Nomination and Remuneration Committee assisted the
membantu tata laksana tugas Dewan Komisaris dengan          Board of Commissioners in the discharge of its duties by
memberikan pengajuan remunerasi dan nominasi                submitting proposals on remuneration and nominations
terhadap anggota Direksi dan Dewan Komisaris.               for members of the Board of Directors and the Board of
                                                            Commissioners.



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                            Direksi
                            Board of Directors



                            Mengacu pada POJK 33/2014 serta sesuai dengan            With reference to POJK 33/2014 and in accordance
                            Anggaran Dasar Perseroan, Direksi adalah organ           with the Company’s Articles of Association, the Board
                            tata kelola utama Perseroan yang berwenang dan           of Directors is the Company’s principal governance
                            bertanggung jawab penuh atas pengurusan Perseroan        organ with full authority and responsibility for the
                            untuk kepentingan Perseroan sesuai dengan maksud         management of the Company in the best interests of
Good Corporate Governance
Tata Kelola Perusahaan




                            dan tujuan Perseroan serta mewakili Perseroan baik       the Company, in line with its purposes and objectives,
                            di dalam maupun di luar pengadilan sesuai dengan         and for representing the Company both in and out of
                            batasan ketentuan Anggaran Dasar dan peraturan           court, subject to the limitations set forth in the Articles
                            perundang-undangan yang berlaku.                         of Association and the prevailing laws and regulations.

                            Piagam Direksi                                           Board Manual
                            Perseroan memiliki Piagam Direksi atau Board Manual      The Company’s Board of Directors Charter or Board
                            yang diterbitkan pada 19 Desember 2016. Board Manual     Manual was published on December 19, 2016. The Board
                            menjadi pedoman bagi Direksi dan Dewan Komisaris         Manual provides guidelines for the Board of Directors
                            untuk menjalankan tugas dan tanggung jawabnya secara     and Board of Commissioners to carry out their duties
                            transparan, akuntabel, bertanggungjawab, mandiri, dan    and responsibilities in a transparent, accountable,
                            wajar demi tercapainya tujuan Perseroan. Board Manual    responsible, independent, and reasonable manner in
                            ditinjau secara berkala dan dapat diperbarui apabila     order to achieve the Company’s objectives. The Board
                            dianggap perlu dengan tetap memperhatikan ketentuan      Manual is reviewed on a regular basis and, if necessary,
                            dan perundang-undangan yang berlaku. Board Manual        updated, while remaining compliant with applicable
                            dapat diakses dan diunduh melalui situs web Perseroan.   statutory regulations. The Board Manual can be accessed
                                                                                     and downloaded from the Company’s website.

                            Per 31 Desember 2025, tidak terdapat anggota Direksi     As of December 31, 2025, none of the members of the
                            yang menjabat sebagai anggota Direksi di perusahaan      Board of Directors held concurrent positions as members
                            publik lainnya.                                          of the board of directors in other public companies.

                            Tugas dan Tanggung Jawab Masing-                         Duties and Responsibilities of Each
                            Masing Anggota Direksi                                   Member of the Board of Directors
                            Direksi melaksanakan tugas, tanggung jawab, dan          The Board of Directors performs its duties,
                            wewenang dengan berpedoman pada Board Manual,            responsibilities, and authorities in accordance with the
                            Anggaran Dasar Perseroan, dan peraturan perundang-       Board Manual, the Company’s Articles of Association,
                            undangan yang berlaku. Walaupun bertugas secara          and the prevailing laws and regulations. While the
                            kolektif dan kolegial, setiap anggota Direksi dapat      Board of Directors acts collectively and collegially, each
                            melaksanakan tugas dan mengambil keputusan, namun        member of the Board of Directors may perform duties
                            keputusan Direksi merupakan tanggung jawab bersama.      and make decisions; however, all decisions of the Board
                            Agar dapat melaksanakan tugasnya secara lebih efektif    of Directors remain a collective responsibility. To enable
                            dan efisien, Perseroan telah menetapkan pembidangan      the Board of Directors to carry out its duties more
                            ruang lingkup tugas dan tanggung jawab untuk masing-     effectively and efficiently, the Company has established
                            masing Direktur sesuai keberagaman keahlian dan          a clear allocation of duties and responsibilities for each
                            kompetensi setiap anggota Direksi.                       Director, aligned with the diversity of expertise and
                                                                                     competencies of each member of the Board of Directors.




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           Nama              Jabatan                                     Ruang Lingkup Tanggung Jawab
           Name              Position                                        Scope of Responsibility

 Haliman Kustedjo       Presiden Direktur    Bertanggung jawab atas perumusan strategi dan pelaksanaan operasional Perseroan, serta
                        President Director   memastikan penerapan prinsip-prinsip tata kelola perusahaan yang baik. Presiden Direktur
                                             juga memastikan bahwa seluruh aktivitas usaha dijalankan secara transparan, patuh
                                             terhadap peraturan, serta selaras dengan kepentingan pemegang saham dan pemangku
                                             kepentingan.
                                             Responsible for formulating the Company’s strategy and overseeing its operational
                                             execution, as well as ensuring the implementation of the principles of Good Corporate
                                             Governance. The President Director also ensures that all business activities are conducted
                                             in a transparent and compliant manner, and are aligned with the interests of shareholders
                                             and other stakeholders.
 Christian Rahardi      Direktur             Membawahi bidang business development, yaitu bertanggung jawab terhadap
                        Director             pengembangan bisnis Perseroan.
                                             Supervises the field of business development, which is responsible for the development of
                                             the Company’s business.




                                                                                                                                             Good Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
 Kiki Yanto Gunawan     Direktur             Membawahi bidang finance, yaitu bertanggung jawab atas seluruh area keuangan
                        Director             Perseroan.
                                             Supervises the finance field, which is responsible for all areas of the Company’s finances.
 Harjono                Direktur             Membawahi bidang hubungan investor, yaitu bertanggung jawab atas kelancaran
 Wreksoremboko          Director             komunikasi antara Perseroan, investor, dan pemangku kepentingan.
                                             Supervises the investor relations field, which is responsible for smooth communication
                                             between the Company and investors as well as other stakeholders.



Rapat                                                                 Meetings
Rapat Direksi wajib diadakan paling kurang 1 (satu)                   The Board of Directors meeting is held at least once
kali dalam setiap bulan, dan rapat bersama Dewan                      every month, and joint meetings with the Board of
Komisaris diadakan paling kurang 1 (satu) kali dalam 4                Commissioners are held at least once every 4 (four)
(empat) bulan. Rapat Direksi juga dapat diadakan jika                 months. The Board of Directors meeting may be held
dianggap perlu oleh salah seorang anggota Direksi atau                if deemed necessary by 1 (one) of the members of the
atas permintaan tertulis seorang atau lebih anggota                   Board of Directors or at the written request of 1 (one) or
Dewan Komisaris, atau atas permintaan tertulis 1 (satu)               more members of the Board of Commissioners, or at the
orang atau lebih pemegang saham yang bersama-sama                     written request by 1 (one) or more shareholders jointly
mewakili 1/10 (satu persepuluh) atau lebih jumlah                     representing 1/10 (one tenth) or more of the total shares
seluruh saham dengan hak suara.                                       with voting rights.

Rapat bersifat sah dan berhak mengambil keputusan                     The meeting is valid and reserves the right to make a
yang mengikat apabila lebih dari ½ (satu per dua) dari                binding decision when more than ½ (one-half) of the
jumlah anggota Direksi hadir atau diwakili dalam rapat                members of the Board of Directors are present or
tersebut. Direksi juga dapat mengambil keputusan yang                 represented by proxies. The Board of Directors may
sah dan mengikat tanpa mengadakan rapat Direksi,                      make valid and binding decisions without holding a
dengan syarat semua anggota Direksi menyetujui                        Board of Directors meeting on the condition that all
secara tertulis dengan menandatangani usul yang                       members of the Board of Directors agree on a written
bersangkutan. Keputusan yang diambil dengan cara                      form and sign the related resolutions. Such resolutions
demikian memiliki kekuatan yang sama dengan                           have equal power with the valid resolutions taken in the
keputusan yang diambil secara sah dalam rapat Direksi.                meeting.

Perseroan selalu menyediakan bahan rapat bagi Direksi dan             The Company consistently provides meeting materials to
Dewan Komisaris paling lambat 5 (lima) hari kerja sebelum             the Board of Directors and the Board of Commissioners
rapat dilaksanakan. Ketentuan ini diterapkan untuk                    no later than five working days prior to the meeting. This
memastikan setiap anggota Direksi dan Dewan Komisaris                 provision is applied to ensure that each member of the
memiliki waktu yang memadai untuk mempelajari                         Board of Directors and the Board of Commissioners has
materi, sehingga proses pengambilan keputusan dapat                   sufficient time to review the materials, thereby enabling a
dilakukan lebih efektif. Selain itu, Direksi juga mengadakan          more effective decision-making process. In addition, the
rapat secara intensif bersama unit-unit kerja dan jajaran             Board of Directors holds intensive meetings with work units
manajemen untuk membahas perkembangan kinerja dan                     and management to discuss performance developments
pelaksanaan strategi Perseroan.                                       and the implementation of the Company’s strategies.

Sepanjang tahun 2025, Direksi telah mengadakan 12                     Throughout 2025, the Board of Directors convened
(dua belas) kali rapat internal atau bersama manajemen                12 (twelve) internal meetings or meetings with
dan 4 (empat) kali rapat bersama Dewan Komisaris yang                 management and 4 (four) joint meetings with the Board of
dihadiri seluruhnya oleh semua anggota Direksi (tingkat               Commissioners, all of which were attended by all members
kehadiran 100%).                                                      of the Board of Directors (100% attendance rate).



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                            Kebijakan Pelatihan dan Kegiatan                                        Training and Competency Development
                            Pengembangan Kompetensi [IDX G.05]                                      Policy [IDX G.05]
                            Direksi memiliki kesempatan seluas-luasnya untuk                        The Board of Directors is provided with broad
                            berpartisipasi dan berkontribusi aktif dalam berbagai                   opportunities to participate in and actively contribute
                            program pelatihan serta pengembangan kompetensi.                        to various training and competency development
                            Kegiatan    pengembangan      ini   dirancang   untuk                   programs. These development activities are designed
                            meningkatkan kemampuan manajerial, pengetahuan                          to enhance the managerial capabilities, technical
                            teknis, serta kecakapan strategis Direksi dalam                         knowledge, and strategic competencies of the Board of
                            menjalankan peran dan tanggung jawabnya. Berikut                        Directors in carrying out its roles and responsibilities.
                            adalah pelatihan yang diikuti Direksi sepanjang tahun                   The following are the training programs attended by the
                            2025:                                                                   Board of Directors throughout 2025:
Good Corporate Governance
Tata Kelola Perusahaan




                                 Nama                          Judul Pelatihan                                  Tanggal                   Penyelenggara
                                 Name                            Training Title                                  Date                       Organizer

                             Kiki Yanto      “Dialog Pelaku Pasar Modal bersama Meteri               9 Oktober 2025                          BEI | IDX
                             Gunawan         Keuangan RI”                                            October 9, 2025
                                             “Capital Market Participants’ Dialogue with the
                                             Minister of Finance of the Republic of Indonesia”
                                             CEO Networking 2025 “Managing Global Trade &            18 November 2025                        BEI | IDX
                                             Empowering Business Strategy”                           November 18, 2025
                                             “Dialog Akhir Tahun antara Anggota Komisioner           5 Desember 2025                           OJK
                                             Otoritas Jasa Keuangan dan Industri Jasa Keuangan       December 5, 2025
                                             2025”
                                             “Year-End Dialogue between Members of the Board
                                             of Commissioners of the Financial Services Authority
                                             and the Financial Services Industry 2025”


                            Program Orientasi bagi Direktur Baru                                    Orientation Program for New Director
                            Setiap anggota Direksi yang baru diangkat diwajibkan                    Each newly appointed member of the Board of Directors
                            untuk mengikuti program orientasi sebagai langkah                       is required to participate in an orientation program as
                            awal untuk memahami secara menyeluruh arah dan                          an initial step to gain a thorough understanding of the
                            karakteristik Perseroan. Program ini disusun untuk                      Company’s direction and characteristics. This program
                            memastikan bahwa anggota Direksi baru memperoleh                        is designed to ensure that new members of the Board
                            pemahaman yang komprehensif mengenai visi dan misi                      of Directors obtain a comprehensive understanding
                            Perseroan, model dan proses bisnis, budaya perusahaan,                  of the Company’s vision and mission, business
                            peran serta tanggung jawab jabatan, serta rencana                       model and processes, corporate culture, the roles
                            strategis jangka pendek dan jangka panjang. Sepanjang                   and responsibilities of their positions, as well as the
                            tahun 2025, Perseroan tidak menyelenggarakan                            Company’s short-term and long-term strategic plans.
                            program orientasi untuk Direksi, disebabkan oleh tidak                  Throughout 2025, the Company did not conduct an
                            adanya pengangkatan anggota Direksi baru selama                         orientation program for the Board of Directors, as there
                            periode tersebut.                                                       were no new appointments to the Board of Directors
                                                                                                    during the period.

                            Pelaksanaan Tugas di Tahun Buku                                         Performance of              Duties       During          the
                            Selama tahun 2025, Direksi telah menjalankan tugas,                     Financial Year
                            tanggung jawab, dan kegiatan-kegiatan sebagai berikut:                  Throughout 2025, the Board of Directors carried out the
                            1. Menyelenggarakan RUPS Tahunan dan RUPS Luar                          following duties, responsibilities, and activities:
                                Biasa tahun 2025.                                                   1. Convened the AGMS and the EGMS in 2025.
                            2. Mengelola kegiatan operasional dan finansial                         2. Managed the Company’s operational and financial
                                perusahaan dengan berlandaskan pada prinsip-                             activities based on the principles of GCG at all levels
                                prinsip GCG di seluruh tingkatan organisasi.                             of the organization.
                            3. Melakukan perencanaan dan pelaksanaan terhadap                       3. Planned and executed all of the Company’s activities
                                seluruh kegiatan Perseroan secara efektif dan                            in an effective and strategic manner.
                                strategis.                                                          4. Ensured compliance with the prevailing laws and
                            4. Memastikan kepatuhan terhadap peraturan                                   regulations.
                                perundang-undangan yang berlaku.

                            Penilaian atas Kinerja Komite Pendukung                                 Board of Directors’ Assessment of The
                            Pelaksanaan Tugas Direksi                                               Performance of The Board of Directors’
                            Hingga akhir tahun 2025, Perseroan belum membentuk                      Duties Supporting Committee
                            komite di bawah Direksi sehingga tidak terdapat                         As of the end of 2025, the Company had not established
                            pengungkapan mengenai penilaian terhadap kinerja                        any committees under the Board of Directors; therefore,


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komite yang dimaksud dalam Laporan Tahunan ini.                      there is no disclosure regarding the performance
Secara berkala, Direksi melakukan penilaian kinerja                  evaluation of such committees in this Annual Report.
terhadap organ tata kelola pendukungnya, antara lain                 On a periodic basis, the Board of Directors conducts
Sekretaris Perusahaan dan Unit Audit Internal.                       performance evaluations of its supporting governance
                                                                     functions, including the Corporate Secretary and the
                                                                     Internal Audit Unit.

Jenis Persetujuan yang Membutuhkan                                   Types of Matters Requiring Approval
Persetujuan Direksi                                                  from the Board of Directors
Direksi mewakili Perseroan secara sah di dalam                       The Board of Directors lawfully represents the Company
maupun di luar pengadilan serta menjalankan                          both in and out of court and carries out management
tindakan pengurusan dan kepemilikan yang mengikat                    and ownership actions that bind the Company to other
Perseroan dengan pihak lain. Hal-hal yang wajib                      parties. Matters that require the approval of the Board




                                                                                                                                       Good Corporate Governance
                                                                                                                                       Tata Kelola Perusahaan
mendapatkan persetujuan Direksi, termasuk namun                      of Directors include, but are not limited to, strategic,
tidak terbatas pada: keputusan strategis, keuangan,                  financial, and operational decisions, as well as the
dan operasional, serta penetapan rencana kerja dan                   determination of the Company’s work plans and budgets.
anggaran. Persetujuan Direksi juga diperlukan untuk                  Approval of the Board of Directors is also required for
tindakan hukum dan kebijakan utama terkait tata kelola,              legal actions and key policies related to governance,
kepatuhan, dan pengendalian internal guna memastikan                 compliance, and internal control to ensure that all of the
seluruh kegiatan Perseroan berjalan sesuai ketentuan                 Company’s activities are conducted in accordance with
yang berlaku.                                                        the applicable regulations.




Keberagaman Manajemen dan
Independensi                                        [IDX G.01]

Management Diversity and Independence


                                                                               2025
         Level Manajemen
         Management Level                    Pria                             Wanita                     Pihak Independen
                                             Male                             Female                    Independent Parties

 Dewan Komisaris                               5                                 1                              3
 Board of Commissioners
 Direksi                                       4                                 0                              0
 Board of Directors




Kehadiran Direksi dan Dewan Komisaris ke Rapat Dewan [IDX G.02]
Attendance of Directors and Commissioners in Board Meetings
                                                                                       Rata-rata persentase kehadiran Direksi/
                                                                                        Dewan Komisaris dalam Rapat Dewan
                                             Jumlah Rapat Dewan (di Tahun Pelaporan)
                                                                                                  (di tahun pelaporan)
                                                    Number of Board Meetings
                                                                                        Average attendance rate of the Board of
                                                      (in the Reporting Year)
                                                                                       Directors/Board of Commissioners at Board
                                                                                          Meetings (during the Reporting Year)

 Jumlah kehadiran Direksi ke Rapat Dewan                         4                                       100%
 Number of Board of Directors' Attendances
 at Board Meetings
 Jumlah kehadiran Dewan Komisaris ke Rapat                       4                                       100%
 Dewan
 Attendance of the Board of Commissioners
 at Board Meetings




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                            Penilaian Kinerja Direksi dan
                            Dewan Komisaris                                            [IDX G.04]

                            Performance Evaluation of the Board of Directors and the
                            Board of Commissioners


                            Perseroan telah menerbitkan Kebijakan Penilaian             The Company issued the Board of Commissioners and
                            Kinerja Dewan Komisaris dan Direksi pada 23 September       Board of Directors Performance Evaluation Policy on
Good Corporate Governance
Tata Kelola Perusahaan




                            2024 yang meregulasi sejumlah hal-hal terkait kebijakan     September 23, 2024, which regulates various aspects
                            penilaian sendiri (self-assessment) Direksi dan Dewan       related to the self-assessment policy of the Board of
                            Komisaris sebagai bentuk akuntabilitas Direksi dan          Directors and the Board of Commissioners as a form
                            Dewan Komisaris dalam pelaksanaan tugas dan                 of accountability in the execution of their duties and
                            tanggungjawabnya.                                           responsibilities.



                            DEWAN KOMISARIS                                             BOARD OF COMMISSIONERS

                            Prosedur Pelaksanaan Penilaian Kinerja                      Performance Assessment Procedures
                            Penilaian kinerja Dewan Komisaris dilakukan setiap          The performance of the Board of Commissioners is
                            tahun dengan menggunakan metode penilaian mandiri           evaluated annually using a self-assessment method.
                            (self-assessment). Evaluasi akhir atas penilaian kinerja    The final evaluation of the Board of Commissioners’
                            Dewan Komisaris menjadi bahan untuk memperbaiki             performance serves as input for improving the
                            kinerja Dewan Komisaris ke depannya dan sebagai dasar       Board’s performance going forward and as a basis for
                            pertimbangan bagi Komite Nominasi dan Remunerasi            consideration by the Nomination and Remuneration
                            dalam memberikan rekomendasi pengangkatan                   Committee in providing recommendations for
                            kembali anggota Dewan Komisaris untuk periode               the reappointment of members of the Board of
                            jabatan berikutnya.                                         Commissioners for the subsequent term of office.

                            Penilaian terhadap kinerja Dewan Komisaris juga             The performance of the Board of Commissioners is
                            dilakukan oleh pemegang saham saat pelaksanaan RUPST        also assessed by shareholders at the Annual General
                            yang disampaikan dalam bentuk Laporan Pengawasan            Meeting of Shareholders, as presented in the Board of
                            Tugas Dewan Komisaris sebagaimana telah dituangkan          Commissioners’ Supervisory Report as set out in the
                            dalam Laporan Tahunan. Apabila laporan pelaksanaan          Annual Report. Upon approval of the report on the
                            tugas tersebut disetujui, maka RUPS memberikan              performance of such duties, the General Meeting of
                            pembebasan sepenuhnya pertanggungjawaban (acquit            Shareholders grants full release and discharge (acquit
                            et de charge) kepada Dewan Komisaris atas tugas-tugas       et de charge) to the Board of Commissioners for the
                            pengawasan yang sudah dilakukan sepanjang tahun             supervisory duties carried out during the relevant
                            buku yang bersangkutan.                                     financial year.

                            Kriteria yang Digunakan                                     Criteria Used
                            Perseroan telah menetapkan sejumlah kriteria utama          In providing a performance assessment of the Board of
                            yang dijadikan sebagai acuan atau dasar pemberian           Commissioners, the Company has established a number
                            penilaian, antara lain:                                     of main criteria which are used as a reference or basis
                            1. Pelaksanaan tugas dan tanggung jawab Dewan               for giving an assessment, including:
                                Komisaris sesuai peraturan perundang-undangan           1. Implementation of the duties and responsibilities
                                dan/atau Anggaran Dasar Perseroan;                           of the Board of Commissioners in accordance with
                            2. Realisasi Program Kerja/Rencana Kerja Tahunan                 statutory regulations and/or the Company’s Articles
                                Dewan Komisaris pada tahun buku;                             of Association;
                            3. Komitmen dan independensi Dewan Komisaris                2. Realization of the Board of Commissioners’ Annual
                                dalam menjalankan tugasnya;                                  Work Program/Work Plan for the financial year;
                                                                                        3. Commitment and independence of the Board of
                                                                                             Commissioners in carrying out their duties;




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4.   Pelaksanaan pengawasan dan pemberian nasihat           4.   Implementation of supervision of the management
     terhadap jalannya pengurusan perusahaan dan                 of the Company and the performance of the Board
     kinerja Direksi;                                            of Directors;
5.   Tingkat kehadiran dalam rapat internal, rapat          5.   Level of attendance at internal meetings, joint
     gabungan bersama Direksi, dan rapat gabungan                meetings with the Board of Directors, and joint
     bersama Komite; dan                                         meetings with the Committee; and
6.   Implementasi praktik GCG di Perseroan.                 6.   Implementation of GCG practices in the Company.

Pihak Penilai                                               Assessor
Pihak yang melakukan penilaian terhadap kinerja Dewan       The party that assesses the performance of the Board
Komisaris adalah Dewan Komisaris itu sendiri, melalui       of Commissioners is the Board of Commissioners
self-assessment, yang hasilnya dituangkan dalam             itself, through self-assessment, the results of which
rekomendasi oleh Komite Nominasi dan Remunerasi.            are stated in recommendations by the Nomination




                                                                                                                             Good Corporate Governance
                                                                                                                             Tata Kelola Perusahaan
Penilaian ini merupakan bagian tak terpisahkan dalam        and Remuneration Committee. This assessment is an
skema honorarium dan tunjangan bagi Dewan Komisaris         inseparable part of the honorarium and allowance
untuk diusulkan di dalam RUPS.                              scheme for the Board of Commissioners to be proposed
                                                            at the GMS.



DIREKSI                                                     BOARD OF DIRECTORS

Prosedur Pelaksanaan Penilaian Kinerja                      Performance Assessment Procedures
Penilaian kinerja Direksi dilakukan setiap tahun oleh       Performance assessment of the Board of Directors
pemegang saham pada saat pelaksanaan RUPST yang             is carried out annually by the Shareholders at the
dituangkan dalam Laporan Pelaksanaan Tugas Direksi          time of the AGMS as outlined in the Report on the
sebagaimana disampaikan dalam Laporan Tahunan               Implementation of the Board of Directors’ Duties as
Perseroan. Apabila laporan pelaksanaan tugas tersebut       presented in the Company’s Annual Report. If the report
disetujui, maka RUPS memberikan pembebasan                  on the implementation of these duties is approved, the
sepenuhnya pertanggung-jawaban (acquit et de charge)        GMS grants full release from accountability (acquit et de
kepada Direksi atas pelaksanaan tugasnya sepanjang          charge) to the Board of Directors for the implementation
tahun buku yang bersangkutan.                               of their duties throughout the relevant financial year.

Kriteria yang Digunakan                                     Criteria Used
Kriteria utama yang digunakan untuk mengevaluasi            The main criteria used by the Company to evaluate the
kinerja Direksi, antara lain:                               performance of the Board of Directors, include:
1. Pelaksanaan tugas dan tanggung jawab Direksi             1. Implementation of duties and responsibilities of the
     sesuai   ruang      lingkup kerjanya, peraturan            Board of Directors in accordance with the scope of
     perundang-undangan dan/atau Anggaran Dasar                 work, laws and regulations and/or the Company’s
     Perseroan;                                                 Articles of Association;
2. Pencapaian KPI Direksi;                                  2. Achievement of the Board of Directors’ KPI;
3. Pencapaian dan kinerja Perseroan di tahun buku;          3. Achievement and performance of the Company in
4. Tingkat kehadiran dalam rapat internal, rapat                the financial year;
     gabungan bersama Dewan Komisaris, dan rapat            4. Level of attendance at internal meetings, joint
     gabungan bersama Komite; dan                               meetings with the Board of Commissioners, and
5. Kualitas pengelolaan Perseroan secara umum.                  joint meetings with the Committee; and
                                                            5. Quality of management of the Company in general.

Pihak Penilai                                               Assessor
Pihak yang melakukan penilaian terhadap kinerja Direksi     The performance of the Board of Directors is assessed
adalah Direksi itu sendiri, melalui self-assessment, yang   by the Board of Directors through a self-assessment,
hasilnya dituangkan dalam rekomendasi oleh Komite           with the results presented as recommendations to
Nominasi dan Remunerasi. Penilaian ini merupakan            the Nomination and Remuneration Committee. This
bagian tak terpisahkan dalam skema gaji dan tunjangan       evaluation is an important component of the Board of
bagi Direksi untuk diusulkan di dalam RUPS.                 Directors’ salary and benefits package, which will be
                                                            proposed at the GMS.




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                            Nominasi dan Remunerasi Dewan
                            Komisaris dan Direksi
                            Nomination and Remuneration of Board of Commissioners
                            and Board of Directors


                            Kebijakan dan Proses Nominasi [IDX G.06]                   Nomination Policy and Process [IDX G.06]
Good Corporate Governance
Tata Kelola Perusahaan




                            Dalam melakukan proses nominasi, Perseroan mengacu         In carrying out the nomination process, the Company
                            pada sejumlah kriteria persyaratan pengangkatan yang       refers to a set of eligibility criteria for appointments,
                            berpedoman pada Undang-Undang No. 40 tahun 2007            as guided by Law No. 40 of 2007 on Limited Liability
                            tentang Perseroan Terbatas, POJK 33/2014, Anggaran         Companies, POJK 33/2014, the Company’s Articles of
                            Dasar Perseroan, dan Board Manual.                         Association, and the Board Manual.

                            Proses nominasi dimulai dari tahapan pengusulan            The nomination process begins with the Nomination and
                            daftar bakal calon anggota Dewan Komisaris dan/atau        Remuneration Committee proposing a list of prospective
                            Direksi yang dianggap layak oleh Komite Nominasi           candidates for members of the Board of Commissioners
                            dan Remunerasi kepada Dewan Komisaris. Dewan               and/or the Board of Directors deemed eligible to the
                            Komisaris menelaah dan melakukan profiling terhadap        Board of Commissioners. The Board of Commissioners
                            kandidat Komisaris dan Direksi yang diusulkan, sebelum     then reviews and conducts profiling of the proposed
                            mengajukan persetujuan kepada pemegang saham               candidates for the Board of Commissioners and
                            serta memperoleh pengesahan melalui RUPS.                  the Board of Directors, prior to submitting them for
                                                                                       shareholders’ approval and obtaining formal approval
                                                                                       through the GMS.

                            Dewan Komisaris dan Direksi juga merumuskan dan            The Board of Commissioners and the Board of Directors
                            melakukan perencanaan suksesi Presiden Direktur            also formulate and implement succession planning for
                            dan anggota manajemen kunci sebagai upaya untuk            the President Director and key management members
                            menjaga keberlangsungan masa depan Perseroan.              as part of efforts to safeguard the Company’s long-term
                                                                                       sustainability.

                            Kebijakan dan Proses Remunerasi                            Remuneration Policy and Process
                            Komite Nominasi dan Remunerasi bertanggung jawab           The Nomination and Remuneration Committee is
                            melakukan pengkajian menyeluruh terhadap struktur          responsible for conducting a comprehensive review of
                            dan besaran remunerasi yang layak diberikan kepada         the structure and level of remuneration for members of
                            anggota Direksi dan Dewan Komisaris. Penilaian             the Board of Directors and the Board of Commissioners.
                            dilakukan dengan mengacu pada kebijakan internal           The assessment is carried out with reference to the
                            Perseroan, kinerja perusahaan, praktik industri sejenis,   Company’s internal policies, corporate performance,
                            serta ketentuan dan regulasi eksternal yang berlaku.       comparable industry practices, as well as the applicable
                                                                                       external provisions and regulations.

                            Berdasarkan hasil pengkajian tersebut, Komite              Based on the results of such review, the Nomination and
                            Nominasi dan Remunerasi menyusun rekomendasi               Remuneration Committee formulates remuneration
                            remunerasi yang kemudian disampaikan kepada Dewan          recommendations, which are then submitted to the
                            Komisaris. Dewan Komisaris melakukan pembahasan            Board of Commissioners. The Board of Commissioners
                            secara menyeluruh terkait usulan remunerasi ini untuk      conducts a thorough deliberation on the proposed
                            memastikan kesesuaian dengan peran, tanggung jawab,        remuneration to ensure its alignment with the roles,
                            dan kontribusi setiap anggota Direksi dan Dewan            responsibilities, and contributions of each member of
                            Komisaris, sebelum diajukan untuk mendapatkan              the Board of Directors and the Board of Commissioners,
                            persetujuan RUPS.                                          prior to submitting it for approval by the GMS.




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RUPS memberikan kuasa dan kewenangan kepada                         The GMS delegates authority and power to the Board
Dewan Komisaris untuk menetapkan besaran                            of Commissioners to determine the amount of
honorarium dan/atau tunjangan lainnya bagi seluruh                  honoraria and/or other benefits for all members of the
anggota Direksi dan Dewan Komisaris. Penetapan ini                  Board of Directors and the Board of Commissioners.
dilakukan dengan mempertimbangkan kedudukan,                        Such determination is made by taking into account
peran, tugas, tanggung jawab, dan wewenang masing-                  the position, role, duties, responsibilities, and
masing anggota, sekaligus menyesuaikan dengan                       authorities of each member, while also considering the
rekomendasi yang diberikan oleh Komite Nominasi dan                 recommendations provided by the Nomination and
Remunerasi.                                                         Remuneration Committee.

Struktur Remunerasi                                                 Remuneration Structure
Struktur remunerasi yang ditetapkan Perseroan                       The remuneration structure established by the
mencakup gaji, tunjangan, bonus. Perseroan belum                    Company comprises salaries, benefits, and bonuses.




                                                                                                                                         Good Corporate Governance
                                                                                                                                         Tata Kelola Perusahaan
memiliki standar tertentu yang dapat memastikan                     The Company has not yet adopted specific standards
bahwa remunerasi berbasis kinerja bagi Direksi dan                  to ensure that performance-based remuneration for
eksekutif senior sejalan dengan kepentingan jangka                  the Board of Directors and senior executives is aligned
panjang Perseroan, termasuk melalui ketentuan                       with the Company’s long-term interests, including
pengembalian remunerasi (clawback) dan penundaan                    provisions on remuneration clawback and deferred
pembayaran bonus (deferred bonus).                                  bonus arrangements.

Besaran Remunerasi                                                  Amount of Remuneration
Dengan mempertimbangkan persaingan usaha yang                       Considering the intense business competition and
ketat dan merujuk pada kebijakan internal Perseroan,                with reference to the Company’s internal policies, the
saat ini Perseroan belum dapat mengungkapkan                        Company is currently unable to disclose the amount of
besaran remunerasi yang diterima masing-masing                      remuneration received by each individual member of
anggota Dewan Komisaris dan Direksi sebagaimana                     the Board of Commissioners and the Board of Directors,
diregulasi dalam SEOJK No. 16/SEOJK.04/2021 termasuk                as regulated under SEOJK No. 16/SEOJK.04/2021,
besaran remunerasi secara terpisah untuk Presiden                   including the separate disclosure of remuneration
Direktur. Perseroan menyampaikan besaran remunerasi                 for the President Director. Accordingly, the Company
yang diterima oleh Dewan Komisaris dan Direksi secara               discloses the remuneration received by the Board of
kolektif pada tahun buku 2025 and 2024 sebagai berikut:             Commissioners and the Board of Directors on a collective
                                                                    basis for the 2025 and 2024 financial years, as follows:

                         Struktur Remunerasi                                    2025                               2024
                        Remuneration Structure                          (Rp juta) | (Rp million)          (Rp juta) | (Rp million)

 Gaji dan Imbalan Jangka Pendek Direksi                                        51.275                           45.498
 Salary and Short-Term Incentives of the Board of Directors
 Gaji dan Imbalan Jangka Pendek Dewan Komisaris                                 3.648                             3.577
 Salary and Short-Term Incentives of the Board of Commissioners
 Jumlah | Total                                                                54.923                           49.075




Pengungkapan Bonus Kinerja                                    dan   Disclosure of Performance Bonus and
Nonkinerja, dan/atau Opsi Saham                                     Non-Performance Bonuses, and/or Stock
                                                                    Options
Remunerasi yang diterima oleh Direksi dan Dewan                     The remuneration received by the Board of Directors
Komisaris telah mencakup aspek bonus. Perseroan                     and the Board of Commissioners includes bonus
tidak memberikan kompensasi kinerja berupa bonus                    components. The Company does not grant performance-
opsi saham kepada Direksi dan Dewan Komisaris.                      based compensation in the form of stock option
                                                                    bonuses to the Board of Directors and the Board of
                                                                    Commissioners.




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                            Komite Audit
                            Audit Committee



                            Berdasarkan POJK No. 55/POJK.04/2015 Tentang                       With reference to POJK Regulation No. 55/POJK.04/2015 on
                            Pembentukan dan Pedoman Pelaksanaan Kerja Komite                   the Establishment and Guidelines for the Implementation
                            Audit (“POJK 55/2015”), Komite Audit adalah organ tata             of Audit Committee Duties (“POJK 55/2015”), the
                            kelola pendukung yang dibentuk oleh Dewan Komisaris                Audit Committee is a supporting governance organ
                            untuk membantu pelaksanaan tugas dan tanggung                      established by the Board of Commissioners to assist in
Good Corporate Governance
Tata Kelola Perusahaan




                            jawab Dewan Komisaris, khususnya terkait pengawasan                the performance of the Board of Commissioners’ duties
                            atas penerapan fungsi audit internal dan eksternal,                and responsibilities, particularly in relation to oversight
                            menjamin kecukupan dan ketepatan proses pelaporan                  of the implementation of internal and external audit
                            keuangan termasuk kepatuhan pelaporan dengan                       functions, ensuring the adequacy and accuracy of the
                            Standar Akuntansi Keuangan (SAK) yang berlaku di                   financial reporting process, including compliance with
                            Indonesia, serta memastikan Perseroan dikelola dengan              the Indonesian Financial Accounting Standards (SAK),
                            manajemen yang sehat secara konsisten sesuai prinsip               and ensuring that the Company is consistently managed
                            dan pedoman GCG.                                                   in a sound manner in accordance with the principles and
                                                                                               guidelines of Good Corporate Governance (GCG).

                            Komposisi                                                          Composition
                            Komposisi Komite Audit paling sedikit terdiri dari 3 (tiga)        The Audit Committee shall comprise at least three (3)
                            orang anggota yang berasal dari Komisaris Independen               members, consisting of an Independent Commissioner
                            dan pihak dari luar Perseroan di mana salah seorang di             and parties from outside the Company, with at least one
                            antaranya memiliki keahlian di bidang keuangan atau                member possessing expertise in finance or accounting.
                            akuntansi. Komite Audit harus diketuai oleh Komisaris              The Audit Committee must be chaired by an Independent
                            Independen.                                                        Commissioner.

                            Periode penugasan anggota Komite Audit tidak                       The assignment period for members of the Audit
                            boleh lebih lama dari masa jabatan Dewan Komisaris                 Committee may not be longer than the term of office of the
                            sebagaimana diatur dalam Anggaran Dasar Perseroan                  Board of Commissioners as stipulated in the Company’s
                            dan dapat dipilih kembali hanya untuk satu periode                 Articles of Association and may be re-elected for only one
                            berikutnya. Apabila anggota Komisaris yang menjabat                subsequent term. If a member of the Commissioner who
                            sebagai Ketua Komite Audit berhenti sebelum masa                   serves as Chairman of the Audit Committee stops before
                            tugasnya sebagai Komisaris Perseroan berakhir, maka                his term as Commissioner of the Company ends, then the
                            posisi Ketua Komite Audit akan diisi oleh Komisaris                position of Chairman of the Audit Committee will be filled
                            Independen lainya yang telah ditunjuk. Berikut adalah              by another Independent Commissioner who has been
                            komposisi Komite Audit per 31 Desember 2025:                       appointed. The following is the composition of the Audit
                                                                                               Committee as of December 31, 2025:

                                     Nama              Jabatan            Rangkap Jabatan           Dasar Pengangkatan                Periode Jabatan
                                     Name              Position          Concurrent Position      Legal Basis of Appointment          Terms of Office
                             Dr. Timotius            Ketua          Komisaris Independen        2023-2028                                 Kedua
                                                     Chairman       Independent Commissioner    (5 tahun) | (5 years)                    Second
                             Denny Susilo            Anggota        Pihak Independen            2023-2028                               Pertama
                                                     Member         Independent Party           (5 tahun) | (5 years)                       First
                             Lukman Suparman         Anggota        Pihak Independen            2023-2028                               Pertama
                                                     Member         Independent Party           (5 tahun) | (5 years)                       First




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Profil Anggota Komite Audit                                                   Profile of Audit Committee Members


                     Dr. Timotius
                     Ketua Komite Audit
                     Chairman of the Audit Committee

                     Beliau diangkat sebagai Ketua Komite Audit berdasarkan Keputusan Dewan Komisaris No. 044/DNETKOM/
                     VI/2023 tanggal 27 Juni 2023. Beliau juga menjabat sebagai Komisaris Independen. Oleh sebab itu, profil
                     beliau telah disajikan dalam bab Profil Perusahaan, khususnya sub bab Profil Dewan Komisaris dalam Laporan
                     Tahunan ini.
                     He was appointed as Chairman of the Audit Committee pursuant to the Board of Commissioners’ Resolution
                     No. 044/DNETKOM/VI/2023 dated June 27, 2023. He also serves as an Independent Commissioner. Accordingly,
                     his profile has been presented in the Company Profile section, specifically under the Board of Commissioners’
                     Profile subsection, of this Annual Report.




                                                                                                                                                Good Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
                                            Denny Susilo
                                            Anggota Komite Audit
                                            Audit Committee Member

                                            Warga Negara               Usia
                                            Citizen                    Age

                                            Indonesia                  64 tahun | years


 Dasar Hukum Pengangkatan               Keputusan Dewan Komisaris No. 044/DNETKOM/         Board of Commissioners’ Resolution No. 044/
 Legal Basis of Appointment             VI/2023 tanggal 27 Juni 2023                       DNETKOM/VI/2023 dated June 27, 2023.


 Riwayat Pendidikan                     Sarjana Akuntansi dari Universitas Trisakti        Bachelor of Accounting from Trisakti University
 Education History
 Riwayat Karir                          •    Auditor pada Kantor Akuntan Publik Djoko      •   Auditor at Public Accounting Firm Djoko
 Career History                              Sutardjo & Rekan (1984–1987)                      Sutardjo & Rekan (1984–1987)
                                        •    Managing Director PT MIF Finance (1995–       •   Managing Director of PT MIF Finance (1995–
                                             2002)                                             2002)
                                        •    Komisaris Independen dan Anggota Komite       •   Independent Commissioner and Member of
                                             Audit PT Bank Ina Perdana Tbk (2008–2016)         Audit Committee of PT Bank Ina Perdana Tbk
                                        •    Anggota Komite Audit PT Berlian Laju Tanker       (2008– 2016)
                                             Tbk (2015–2021)                               •   Member of Audit Committee of PT Berlian
                                                                                               Laju Tanker Tbk (2015–2021)
 Rangkap Jabatan                        •    CEO PT Porto Ventura Kapital (sejak 2016)     •   CEO of PT Porto Ventura Kapital (since 2016)
 per 31 Desember 2025                   •    Pengajar di STIE Jayakusuma (sejak 2001)      •   Lecturer at STIE Jayakusuma (since 2001)
 Concurrent Position as of
 December 31, 2025
 Hubungan Afiliasi                      Tidak memiliki hubungan afiliasi dengan            Does not have any affiliation relationship with
 Affiliation Relationship               anggota Dewan Komisaris, anggota Direksi, serta    members of the Board of Commissioners,
                                        pemegang saham utama dan pengendali.               members of the Board of Directors, or the
                                                                                           Company’s major and controlling shareholder




                                            Lukman Suparman
                                            Anggota Komite Audit
                                            Audit Committee Member

                                            Warga Negara               Usia
                                            Citizen                    Age

                                            Indonesia                  68 tahun | years


 Dasar Hukum Pengangkatan               Keputusan Dewan Komisaris No. 044/DNETKOM/         Board of Commissioners’ Resolution No. 044/
 Legal Basis of Appointment             VI/2023 tanggal 27 Juni 2023                       DNETKOM/VI/2023 dated June 27, 2023.


 Riwayat Pendidikan                     Sarjana Akuntansi dari Universitas Tarumanagara    Bachelor of Accounting from Tarumanagara
 Education History                                                                         University



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                             Riwayat Karir                      •   Supervisor Audit pada Kantor Akuntan Publik   •   Audit Supervisor at Public Accounting Firm
                             Career History                         Drs. Hans Kartikahadi & Co. (1978-1985)           Drs. Hans Kartikahadi & Co. (1978-1985)
                                                                •   Audit dan Budget Manager PT Dua Berlian       •   Audit and Budget Manager of PT Dua Berlian
                                                                    (1986 -1987)                                      (1986-1987)
                                                                •   Deputy Corporate Finance Manager PT           •   Deputy Corporate Finance Manager of PT
                                                                    Indocement Tunggal Prakarsa Tbk (2001-            Indocement Tunggal Prakarsa Tbk (2001-
                                                                    2004)                                             2004)
                                                                •   Kepala Urusan Kredit Korporasi PT Bank        •   Head of Corporate Credit Affairs of PT Bank
                                                                    Central Asia Tbk (1993 -1995)                     Central Asia Tbk (1993-1995)
                             Rangkap Jabatan                    Tidak ada                                         None
                             per 31 Desember 2025
                             Concurrent Position as of
                             December 31, 2025
                             Hubungan Afiliasi                  Tidak memiliki hubungan afiliasi dengan           Does not have any affiliation relationship with
                             Affiliation Relationship           anggota Dewan Komisaris, anggota Direksi, serta   members of the Board of Commissioners,
                                                                pemegang saham utama dan pengendali.              members of the Board of Directors, or the
                                                                                                                  Company’s major and controlling shareholder
Good Corporate Governance
Tata Kelola Perusahaan




                            Pernyataan Independensi                                               Statement of Independency
                            Seluruh anggota Komite Audit berkomitmen menjunjung                   All members of the Audit Committee are committed to
                            tinggi dan menerapkan prinsip-prinsip GCG dengan                      upholding and implementing the principles of GCG by
                            bersikap objektif, profesional, dan independen dalam                  acting objectively, professionally, and independently in
                            menjalankan peran dan tanggung jawabnya. Komite                       carrying out their roles and responsibilities. The Audit
                            Audit menegaskan tidak akan terpengaruh oleh tekanan                  Committee affirms that it is not subject to influence
                            atau intervensi dari pihak manapun serta menghindari                  from any pressure or intervention by any party and
                            potensi benturan kepentingan, dengan tidak memiliki                   avoids potential conflicts of interest, as it has no
                            afiliasi kekeluargaan maupun bisnis dengan anggota                    familial or business affiliations with members of the
                            Dewan Komisaris, Direksi, maupun pemegang saham                       Board of Commissioners, the Board of Directors, or the
                            utama atau pengendali.                                                Company’s major or controlling shareholders.

                            Piagam Komite Audit                                                   Audit Committee Charter
                            Diterbitkan pada 22 Juni 2016, Komite Audit memiliki                  Published on June 22, 2016, the Audit Committee has an
                            Piagam Komite Audit sebagai panduan dalam                             Audit Committee Charter as a guideline in carrying out its
                            menjalankan tugas dan tanggung jawab sesuai dengan                    duties and responsibilities in accordance with applicable
                            ketentuan yang berlaku. Piagam Komite Audit ditinjau                  provisions. The Audit Committee Charter is reviewed
                            secara berkala dan dapat diperbarui apabila dianggap                  periodically and may be updated if deemed necessary
                            perlu dengan tetap memperhatikan ketentuan dan                        while still taking into account applicable provisions and
                            perundang-undangan yang berlaku. Piagam Komite                        laws. The Audit Committee Charter can be accessed and
                            Audit dapat diakses dan diunduh melalui situs web                     downloaded through the Company’s website.
                            Perseroan.

                            Tugas dan Tanggung Jawab                                              Duties and Responsibilities
                            Tugas dan tanggung jawab Komite Audit telah tertuang                  The duties and responsibilities of the Audit Committee
                            dalam Piagam Komite Audit. Secara umum, Komite                        are set forth in the Audit Committee Charter. In general,
                            Audit bertugas dan bertanggung jawab dalam menelaah                   the Audit Committee is tasked with and responsible
                            informasi dan pelaporan keuangan Perseroan, ketaatan                  for reviewing the Company’s financial information and
                            Perseroan terhadap peraturan perundang-undangan                       reporting, the Company’s compliance with the prevailing
                            yang berlaku, termasuk memberikan rekomendasi                         laws and regulations, and providing recommendations to
                            kepada Dewan Komisaris mengenai penunjukan dan                        the Board of Commissioners regarding the appointment
                            pemberhentian auditor eksternal.                                      and dismissal of the external auditor.

                            Rapat                                                                 Meeting
                            Komite Audit wajib mengadakan rapat internal                          The Audit Committee is required to hold internal
                            sekurang-kurangnya 1 (satu) kali setiap 3 (tiga) bulan                meetings at least 1 (one) time every 3 (three) months
                            atau 4 (empat) kali dalam setahun sebagaimana diatur                  or 4 (four) times a year as stipulated in Article 13 of
                            dalam Pasal 13 POJK 55/2015 dan Piagam Komite Audit.                  POJK 55/2015 and the Audit Committee Charter. Audit
                            Rapat Komite Audit hanya dapat diselenggarakan                        Committee meetings can only be held if attended by
                            apabila dihadiri oleh lebih dari ½ (satu per dua) jumlah              more than ½ (one half) of the total number of members,
                            anggota, di mana mekanisme pengambilan keputusan                      where the decision-making mechanism in the meeting
                            dalam rapat dilakukan berdasarkan musyawarah untuk                    is carried out based on deliberation to reach consensus.
                            mufakat. Seluruh rapat Komite Audit dituangkan dalam                  All Audit Committee meetings are stated in the minutes
                            risalah rapat, termasuk apabila terdapat perbedaan                    of the meeting, including when there are dissenting
                            pendapat (dissenting opinion).                                        opinions.



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Rapat Komite Audit dapat dilakukan dengan                  Audit Committee meetings can be held by inviting
mengundang unit kerja atau divisi terkait yang berada di   related work units or divisions under the Board of
bawah Direksi, atau mengundang akuntan publik yang         Directors, or inviting public accountants who audit the
melakukan audit atas laporan keuangan Perseroan.           Company’s financial statements. The implementation of
Pelaksanaan rapat bersama pihak internal dan eksternal     joint meetings with internal and external parties of the
Perseroan merupakan bentuk pengawasan Komite Audit         Company is a form of supervision by the Audit Committee
terhadap proses audit internal maupun audit eksternal.     over the internal and external audit processes.

Pada tahun 2025, Komite Audit mengadakan 4 (empat)         In 2025, the Audit Committee held 4 (four) internal
kali rapat internal yang diikuti oleh seluruh anggota,     meetings attended by all members, with an average
dengan tingkat kehadiran rata-rata yaitu 100%.             attendance rate of 100%.

Pelatihan              dan           Pengembangan          Training and Competency Development




                                                                                                                            Good Corporate Governance
                                                                                                                            Tata Kelola Perusahaan
Kompetensi
Selama tahun 2025, Dr. Timotius selaku Ketua Komite        Throughout 2025, Dr. Timotius, in his capacity as
Audit telah berpartisipasi dalam sejumlah pelatihan.       Chairman of the Audit Committee, participated in several
Sesuai kapasitas beliau yang juga menjabat sebagai         training programs. As he also serves as an Independent
Komisaris Independen, maka informasi detail mengenai       Commissioner, detailed information on the training
pelatihan yang diikuti beliau diungkapkan dalam bab        programs he attended is disclosed in the Corporate
Tata Kelola Perusahaan, sub bab Dewan Komisaris            Governance chapter, under the Board of Commissioners
> Pelatihan dan Pengembangan Kompetensi dalam              > Training and Competency Development subsection of
Laporan Tahunan ini.                                       this Annual Report.

Pelaksanaan Kegiatan di Tahun 2025                         Implementation of Activities in 2025
Sepanjang tahun 2025, Komite Audit telah melaksanakan      Throughout 2025, the Audit Committee has carried
tugas dan tanggung jawabnya dengan mengacu pada            out its duties and responsibilities by adhering to the
Piagam Komite Audit, arahan Dewan Komisaris, dan           Audit Committee Charter, the direction of the Board of
ketentuan perundang-undangan yang berlaku, antara          Commissioners, and applicable laws and regulations,
lain:                                                      including:
1. Menelaah setiap informasi keuangan yang                 1. To review all financial information to be issued by
      akan dikeluarkan Perseroan kepada pemangku                the Company to stakeholders.
      kepentingan.                                         2. To review the Company’s compliance with statutory
2. Menelaah ketaatan Perseroan terhadap peraturan               regulations relevant to the Company’s business
      perundang-undangan yang relevan terhadap                  sector.
      bidang usaha Perseroan.                              3. To provide independent opinion in the event of a
3. Memberikan pendapat independen dalam hal                     dissenting of opinion between the management
      terjadi perbedaan pendapat antara manajemen dan           and the public accountant regarding the services
      akuntan publik atas jasa yang diberikannya.               provided.
4. Memberikan rekomendasi kepada Dewan Komisaris           4. To provide recommendations to the Board of
      mengenai penunjukan akuntan publik untuk                  Commissioners regarding the appointment of a
      disampaikan kepada RUPS.                                  public accountant to be submitted to the GMS.
5. Menelaah pelaksanaan pemeriksaan oleh auditor           5. To review the implementation of audits by internal
      internal dan mengawasi pelaksanaan tindak lanjut          auditors and oversee the implementation of follow-
      oleh Direksi atas temuan auditor internal.                up actions by the Board of Directors on the findings
6. Menelaah pengaduan yang berkaitan dengan proses              of the internal auditor.
      akuntansi dan pelaporan keuangan Perseroan.          6. To review complaints related to the Company’s
7. Menelaah dan memberikan saran kepada Dewan                   accounting and financial reporting processes.
      Komisaris terkait dengan adanya potensi benturan     7. To review and provide advice to the Board of
      kepentingan Perseroan.                                    Commissioners regarding potential conflicts of
8. Menjaga kerahasiaan dokumen, data, dan informasi             interest in the Company.
      Perseroan.                                           8. To maintain the confidentiality of the Company’s
                                                                documents, data, and information.

Sesuai dengan wewenang Komite Audit yang diregulasi        In accordance with the authority of the Audit Committee
dalam pasal 11 POJK 55/2015, tidak terdapat kendala        as regulated under Article 11 of POJK 55/2015, the
atau pembatasan yang dialami oleh Komite Audit dalam       Audit Committee has not encountered any obstacles
menjalankan wewenangnya sesuai ruang lingkup yang          or limitations in exercising its authority within the
telah ditentukan. Komite Audit dapat menjalankan           prescribed scope. The Audit Committee has been able
tugasnya secara objektif dan independen tanpa              to perform its duties objectively and independently
mengalami intevensi dari pihak manapun hingga saat ini.    without any intervention from any party to date.

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                            Komite Nominasi dan Remunerasi
                            Nomination and Remuneration Committee



                            Mengacu pada Peraturan OJK No. 34/2014 tentang                          Referring to OJK Regulation No. 34/2014 concerning
                            tentang Komite Nominasi Dan Remunerasi Emiten Atau                      the Nomination and Remuneration Committee of
                            Perusahaan Publik (“POJK 34/2014”), Dewan Komisaris                     Issuers or Public Companies (“POJK 34/2014”), the Board
                            membentuk Komite Nominasi dan Remunerasi                                of Commissioners established the Nomination and
                            sebagai organ tata kelola pendukung untuk membantu                      Remuneration Committee as a supporting governance
Good Corporate Governance
Tata Kelola Perusahaan




                            pelaksanaan tugas pengawasannya terhadap penerapan                      organ to assist in the implementation of its supervisory
                            kebijakan nominasi dan remunerasi Direksi dan Dewan                     duties over the nomination and remuneration policies for
                            Komisaris. Komite Nominasi dan Remunerasi berperan                      the Board of Directors and the Board of Commissioners.
                            sangat penting dalam struktur tata kelola perusahaan                    The Nomination and Remuneration Committee plays
                            untuk mendukung keberlanjutan proses regenerasi                         a vital role in the corporate governance structure as it
                            kepemimpinan Perseroan di masa depan.                                   supports the sustainability of the Company’s leadership
                                                                                                    regeneration process in the future.

                            Komposisi                                                               Composition
                            Komite Nominasi dan Remunerasi paling sedikit terdiri                   The Nomination and Remuneration Committee consists
                            dari 3 (tiga) orang anggota, dengan ketentuan 1 (satu)                  of at least 3 members, provided that 1 (one) Chairman is
                            orang Ketua merangkap anggota yang merupakan                            also a member who is an Independent Commissioner and
                            Komisaris Independen dan 2 (dua) anggota lainnya                        2 (two) other members who can come from members of
                            yang dapat berasal dari anggota Dewan Komisaris,                        the Board of Commissioners, external parties, or other
                            pihak luar Perseroan, atau pihak yang menduduki                         parties who holds a managerial position under the Board
                            jabatan manajerial di bawah Direksi yang membidangi                     of Directors in charge of human resources. The term of
                            sumber daya manusia. Masa jabatan anggota Komite                        office of Committee members is no longer than the term
                            tidak lebih lama dari masa jabatan Dewan Komisaris                      of office of the Board of Commissioners as regulated
                            sebagaimana diatur dalam Anggaran Dasar. Komposisi                      in the Articles of Association. As of December 31, 2025,
                            Komite Nominasi dan Remunerasi per 31 Desember                          the composition of the Nomination and Remuneration
                            2025 adalah sebagai berikut:                                            Committee is as follows:

                                     Nama              Jabatan             Rangkap Jabatan               Dasar Pengangkatan                    Periode Jabatan
                                     Name              Position           Concurrent Position          Legal Basis of Appointment              Terms of Office
                             Adi Pranoto Leman        Ketua         Komisaris Independen             2023-2028                        Ketiga
                                                      Chairman      Independent Commissioner         (5 tahun) | (5 years)            Third
                             Ferry Noviar Yosaputra   Anggota       Komisaris                        2023-2028                        Ketiga
                                                      Member        Commissioner                     (5 tahun) | (5 years)            Third
                             Gina Meiliana            Anggota       Human Resource Manager           2023-2028                        Ketiga
                                                      Member        Human Resource Manager           (5 tahun) | (5 years)            Third



                            Profil Anggota Komite Nominasi dan                                      Profile of Nomination and Remuneration
                            Remunerasi                                                              Committee Members



                                              Adi Pranoto Leman
                                              Ketua Komite Nominasi dan Remunerasi
                                              Chairman of the Nomination and Remuneration Committee

                                              Beliau diangkat sebagai Ketua Komite Nominasi dan Remunerasi berdasarkan Keputusan Dewan Komisaris No.
                                              045/DNETKOM/VI/2023 tanggal 27 Juni 2023. Beliau juga menjabat sebagai Komisaris Independen. Oleh sebab
                                              itu, profil beliau telah disajikan dalam bab Profil Perusahaan, khususnya sub bab Profil Dewan Komisaris dalam
                                              Laporan Tahunan ini.
                                              He was appointed as the Chairman of the Nomination and Remuneration Committee based on the Decree of
                                              the Board of Commissioners No. 045/DNETKOM/VI/2023 dated June 27, 2023. He also serves as an Independent
                                              Commissioner. Therefore, his profile has been presented in the Company Profile chapter, specifically in the
                                              Board of Commissioners Profile sub-chapter of this Annual Report.




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                     Ferry Noviar Yosaputra
                     Anggota Komite Nominasi dan Remunerasi
                     Member of the Nomination and Remuneration Committee

                     Beliau diangkat sebagai Anggota Komite Nominasi dan Remunerasi berdasarkan Keputusan Dewan Komisaris
                     No. 045/DNETKOM/VI/2023 tanggal 27 Juni 2023. Beliau juga menjabat sebagai Komisaris. Oleh sebab itu, profil
                     beliau telah disajikan dalam bab Profil Perusahaan, khususnya sub bab Profil Dewan Komisaris dalam Laporan
                     Tahunan ini.
                     He was appointed as a Member of the Nomination and Remuneration Committee based on the Decree of the
                     Board of Commissioners No. 045/DNETKOM/VI/2023 dated June 27, 2023. He also serves as a Commissioner.
                     Therefore, his profile has been presented in the Company Profile chapter, specifically in the Board of
                     Commissioners Profile sub-chapter of this Annual Report.




                                                                                                                                                 Good Corporate Governance
                                                                                                                                                 Tata Kelola Perusahaan
                                            Gina Meiliana
                                            Anggota Komite Nominasi dan Remunerasi
                                            Member of the Nomination and Remuneration Committee

                                            Warga Negara              Usia
                                            Citizen                   Age

                                            Indonesia                 62 tahun | years


 Dasar Hukum Pengangkatan               Keputusan Dewan Komisaris No. 045/DNETKOM/          The Resolution of Annual GMS in 2023 as
 Legal Basis of Appointment             VI/2023 tanggal 27 Juni 2023                        outlined in Deed No. 15 dated June 27, 2023.


 Riwayat Pendidikan                     Akademi Sekretaris LPK Budaya Wacana,               Secretary Academy of LPK Budaya Wacana,
 Education History                      Yogyakarta (1984)                                   Yogyakarta (1984)
 Riwayat Karir                          •    Sekretaris Manajer Marketing PT Inter Delta    •   Secretary of Marketing Manager of PT Inter
 Career History                              (1987-1988)                                        Delta (1987-1988)
                                        •    Sekretaris Eksekutif General Manager PT Lion   •   Executive Secretary of General Manager of PT
                                             Metal Works (1988-1996)                            Lion Metal Works (1988-1996)
                                        •    Sekretaris Senior Direktur Utama PT CSM        •   Senior Secretary of President Director of PT
                                             Corporatama (1997-2009)                            CSM Corporatama (1997-2009)
                                        •    Purchasing Manager PT CSM Corporatama          •   Purchasing Manager of PT CSM Corporatama
                                             (2009-2011)                                        (2009-2011)
                                        •    Office Manager PT Multistrada Agro             •   Office Manager of PT Multistrada Agro
                                             International (2011-2013)                          International (2011-2013)
 Rangkap Jabatan                        Human Resource Manager Perseroan (sejak             Human Resource Manager of the Company (since
 per 31 Desember 2025                   2014)                                               2014)
 Concurrent Position as of
 December 31, 2025
 Hubungan Afiliasi                      Tidak memiliki hubungan afiliasi dengan             Has no affiliated relationships with members
 Affiliation Relationship               anggota Dewan Komisaris, anggota Direksi, serta     of the Board of Commissioners, the Board
                                        pemegang saham utama dan pengendali.                of Directors, or with major and controlling
                                                                                            shareholders.




Pernyataan Independensi                                                      Statement of Independency
Seluruh anggota Komite Nominasi dan Remunerasi                               All members of the Nomination and Remuneration
berkomitmen menjunjung tinggi dan menerapkan                                 Committee are committed to upholding and
prinsip-prinsip GCG dengan bersikap objektif,                                implementing GCG principles in carrying out their
profesional, dan independen dalam menjalankan                                roles, duties, and responsibilities by being objective,
peran dan tanggung jawabnya. Komite Nominasi dan                             professional, and independent. The Nomination and
Remunerasi menegaskan tidak akan terpengaruh oleh                            Remuneration Committee will not make decisions under
tekanan atau intervensi dari pihak manapun serta                             pressure and intervention from any party and will avoid
menghindari potensi benturan kepentingan, dengan                             any potential conflict of interest. All members of the
tidak memiliki afiliasi kekeluargaan maupun bisnis                           Nomination and Remuneration Committee do not have
dengan anggota Dewan Komisaris, Direksi, maupun                              any affiliation, either family or business, with members
pemegang saham utama atau pengendali.                                        of the Board of Commissioners, Board of Directors, and
                                                                             major and/or controlling shareholders.




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                            Piagam   Komite                    Nominasi        dan      Nomination     and                   Remuneration
                            Remunerasi                                                  Committee Charter
                            Diterbitkan pada 22 Juni 2016, Komite Nominasi dan          Issued on June 22, 2016, the Nomination and
                            Remunerasi memiliki Piagam Komite Nominasi dan              Remuneration Committee has a Charter as a guideline
                            Remunerasi sebagai panduan dalam menjalankan tugas          for carrying out its duties and responsibilities in
                            dan tanggung jawab sesuai dengan ketentuan yang             accordance with applicable provisions. The Nomination
                            berlaku. Piagam Komite Nominasi dan Remunerasi              and Remuneration Committee Charter is reviewed
                            ditinjau secara berkala dan dapat diperbarui apabila        periodically and may be updated if deemed necessary
                            dianggap perlu dengan tetap memperhatikan ketentuan         while still taking into account applicable provisions and
                            dan perundang-undangan yang berlaku. Piagam Komite          laws. The Nomination and Remuneration Committee
                            Nominasi dan Remunerasi dapat diakses dan diunduh           Charter can be accessed and downloaded through the
                            melalui situs web Perseroan.                                Company’s website.
Good Corporate Governance
Tata Kelola Perusahaan




                            Tugas dan Tanggung Jawab                                    Duties and Responsibilities
                            Tugas dan tanggung jawab Komite Nominasi dan                The duties and responsibilities of the Nomination and
                            Remunerasi sebagaimana tertuang dalam Piagam                Remuneration Committee as stated in the Nomination
                            Komite Nominasi dan Remunerasi adalah sebagai               and Remuneration Committee Charter are as follows:
                            berikut:                                                    1. Regarding the nomination function, the Committee
                            1. Terkait fungsi nominasi, Komite bertugas untuk               is tasked with reviewing, compiling, and submitting
                                menelaah,     menyusun,     dan   menyampaikan              recommendations to the Board of Commissioners
                                rekomendasi kepada Dewan Komisaris mengenai                 regarding the composition of positions, policies,
                                komposisi jabatan, kebijakan, dan kriteria dalam            and criteria in the nomination process as well as
                                proses nominasi serta kebijakan evaluasi kinerja            performance evaluation policies for members of the
                                bagi anggota Dewan Direksi dan/atau anggota                 Board of Directors and/or members of the Board of
                                Dewan Komisaris.                                            Commissioners.
                            2. Terkait fungsi remunerasi, Komite bertugas               2. Regarding the remuneration function, the Committee
                                untuk menelaah, menyusun, dan menyampaikan                  is tasked with reviewing, compiling and submitting
                                rekomendasi kepada Dewan Komisaris mengenai                 recommendations to the Board of Commissioners
                                struktur remunerasi, kebijakan atas remunerasi,             regarding the structure, policy, and amount of
                                besaran remunerasi bagi anggota Direksi dan/atau            remuneration for members of the Board of Directors
                                anggota Dewan Komisaris, serta membantu Dewan               and/or members of the Board of Commissioners,
                                Komisaris melakukan penilaian kinerja terhadap              as well as assisting the Board of Commissioners in
                                kesesuaian remunerasi yang diterima oleh masing-            carrying out performance assessments regarding
                                masing anggota Direksi dan/atau anggota Dewan               the suitability of the remuneration received by each
                                Komisaris.                                                  member of the Board of Directors and/or member of
                            3. Sebelum tahun buku berjalan, Komite Nominasi dan             the Board of Commissioners.
                                Remunerasi harus menyusun dan menyampaikan              3. Prior to the current financial year, the Nomination
                                rencana kerja dan anggaran tahunan kepada Dewan             and Remuneration Committee must prepare and
                                Komisaris untuk ditetapkan. Anggaran Komite                 submit an annual work plan and budget to the Board
                                tersebut merupakan bagian dari anggaran Dewan               of Commissioners for stipulation. The Committee’s
                                Komisaris.                                                  budget is part of the Board of Commissioners’ budget.

                            Rapat                                                       Meetings
                            Komite Nominasi dan Remunerasi wajib mengadakan             The Nomination and Remuneration Committee is
                            internal sekurang-kurangnya 1 (satu) kali setiap            required to hold internal meetings at least once every
                            4 (empat) bulan atau 3 (tiga) kali dalam setahun            4 (four) months or 3 (three) times a year as regulated
                            sebagaimana diatur dalam Pasal 12 POJK 34/2014              in Article 12 of POJK 34/2014 and the Nomination
                            dan Piagam Komite Nominasi dan Remunerasi.                  and Remuneration Committee Charter. The decision-
                            Metode pengambilan keputusan di dalam rapat                 making method in the Nomination and Remuneration
                            Komite Nominasi dan Remunerasi dilakukan secara             Committee meetings is carried out by deliberation to
                            musyawarah untuk mufakat. Dalam hal mufakat tidak           reach consensus. In the event that consensus is not
                            tercapai, maka mekanisme pengambilan keputusan              reached, the decision-making mechanism is carried out
                            dilakukan berdasarkan suara terbanyak dengan prinsip        based on majority voting with the principle of 1 (one)
                            1 (satu) orang 1 (satu) suara.                              person 1 (one) vote.

                            Pada tahun 2025, Komite Nominasi dan Remunerasi             In 2025, the Nomination and Remuneration Committee
                            mengadakan 3 (tiga) kali rapat internal yang diikuti oleh   held 3 (three) internal meetings attended by all members,
                            seluruh anggota, dengan tingkat kehadiran rata-rata         with an average attendance rate of 100%.
                            yaitu 100%.



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Pelatihan              dan           Pengembangan       Competency Training and Development
Kompetensi                                              Throughout 2025, there was no training attended by
Sepanjang 2025, tidak terdapat pelatihan yang diikuti   the members of the Nomination and Remuneration
oleh anggota Komite Nominasi dan Remunerasi.            Committee.

Pelaksanaan Kegiatan di Tahun 2025                      Implementation Activities in 2025
Sepanjang tahun 2025, Komite Nominasi dan Remunerasi    Throughout 2025, the Nomination and Remuneration
telah melaksanakan tugas dan tanggung jawabnya          Committee carried out its duties and responsibilities
dengan mengacu pada Piagam Komite Nominasi dan          by referring to the Nomination and Remuneration
Remunerasi, arahan Dewan Komisaris, dan ketentuan       Committee Charter, the directives of the Board of
perundang-undangan yang berlaku, termasuk:              Commissioners, and the prevailing laws and regulations.
1. Melakukan penilaian kinerja atas Dewan Komisaris     These include:
    dan Direksi Perseroan.                              1. Assessing the performance of the Company’s Board




                                                                                                                           Good Corporate Governance
                                                                                                                           Tata Kelola Perusahaan
2. Mengajukan usulan remunerasi bagi anggota                of Commissioners and Board of Directors.
    Dewan Komisaris dan Direksi.                        2. Recommending remuneration proposals for the
3. Memberikan saran terkait penetapan remunerasi            members of the Board of Commissioners and Board
    kepada Dewan Komisaris agar dilaksanakan sesuai         of Directors.
    kinerja masing-masing anggota Direksi dan Dewan     3. Providing recommendations to the Board of
    Komisaris.                                              Commissioners on remuneration, ensuring that it is
                                                            commensurate with the individual performance of
                                                            each member of the Board of Directors and Board
                                                            of Commissioners.




Sekretaris Perusahaan
Corporate Secretary



Berdasarkan POJK No. 35/POJK.04/2014 tentang            Based on OJK Regulation No. 35/POJK.04/2014
Sekretaris Perusahaan Emiten Atau Perusahaan Publik     concerning the Corporate Secretary of Issuers or Public
(“POJK 35/2014”), Direksi membentuk organ tata kelola   Companies (“POJK 35/2014”), the Board of Directors
pendukung untuk membantu pelaksanaan tugas dan          established a governance-supporting organ to assist in
fungsinya, yaitu Sekretaris Perusahaan. Sekretaris      the implementation of its duties and functions, namely
Perusahaan bertugas untuk membangun, menjalin, serta    the Corporate Secretary. The Corporate Secretary serves
menjembatani komunikasi antara Perseroan dan para       to build, establish, and bridge communication between
pemangku kepentingan. Sekretaris Perusahaan juga        the Company and its stakeholders. The Corporate
bertanggung jawab untuk menjaga kualitas keterbukaan    Secretary is also responsible for ensuring the quality
informasi Perseroan, memastikan implementasi prinsip-   of the Company’s information disclosure, ensuring
prinsip GCG di seluruh aspek bisnis, dan memastikan     the implementation of GCG principles in all aspects of
kepatuhan Perseroan terhadap peraturan perundang-       business, and ensuring the Company’s compliance with
undangan yang berlaku.                                  applicable statutory regulations.

Sekretaris Perusahaan diangkat dan diberhentikan oleh   The Corporate Secretary is appointed and dismissed by
Presiden Direktur atas persetujuan Dewan Komisaris.     the President Director with the approval of the Board of
Dalam menjalankan tugasnya, Sekretaris Perusahaan       Commissioners. In carrying out its duties, the Corporate
bertanggung jawab dan melaporkan kegiatannya secara     Secretary is responsible and reports its activities directly
langsung kepada Presiden Direktur.                      to the President Director.

Per 31 Desember 2025, posisi Sekretaris Perusahaan      As of December 31, 2025, the position of Corporate
dijabat oleh Kiki Yanto Gunawan yang juga menjabat      Secretary is held by Kiki Yanto Gunawan, who also serves
sebagai Direktur Perseroan.                             as a Director of the Company.




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                                                                                                                                                         indoritel.co.id




                            Profil Sekretaris Perusahaan                                             Profile of Corporate Secretary


                                              Kiki Yanto Gunawan
                                              Sekretaris Perusahaan
                                              Corporate Secretary

                                              Berkewarganegaraan Indonesia dan berdomisili di Tangerang. Beliau diangkat sebagai Sekretaris Perusahaan
                                              berdasarkan Surat Keputusan Direksi No. 376/DNETDIR/X/2014 tanggal 1 Oktober 2014. Profil beliau telah
                                              disajikan dalam bab Profil Perusahaan, khususnya sub bab Profil Direksi dalam Laporan Tahunan ini.
                                              An Indonesian citizen and domiciled in Tangerang. He was appointed as Corporate Secretary based on the
                                              Decree of the Board of Directors No. 376/DNETDIR/X/2014 dated October 1, 2014. His profile has been
                                              presented in the Company Profile chapter, specifically in the Board of Directors Profile sub-chapter of this
                                              Annual Report.
Good Corporate Governance
Tata Kelola Perusahaan




                            Pelatihan                dan             Pengembangan                    Training and Competency Development
                            Kompetensi

                                                          Judul Pelatihan                                         Tanggal                    Penyelenggara
                                                             Training                                              Date                        Organizer

                             Navigating Sustainability Reporting Standards                                 20 Maret 2025            BEI
                             Navigating Sustainability Reporting Standards                                 March 20, 2025
                             Perubahan Peraturan Bursa Nomor I-P tentang Pencatatan Waran                  14 Mei 2025              BEI
                             Terstruktur di Bursa                                                          May 14, 2025
                             Amendment to Exchange Regulation Number I-P concerning the Listing
                             of Structured Warrants on the Exchange
                             Workshop on IFRS Sustainability Standards                                     23 September 2025        BEI dan Ikatan Akuntan Indonesia
                             Workshop on IFRS Sustainability Standards                                     September 23, 2025       IDX and Indonesian Institute of
                                                                                                                                    Accountants
                             Introductory to Investor Relations                                            25 September 2025        BEI
                             Introductory to Investor Relations                                            September 25, 2025
                             Sosialiasi Pernyataan Standar Pengungkapan Keberlanjutan                      29 Oktober 2025          BEI dan Ikatan Akuntan Indonesia
                             (PSPK 1 dan PSPK 2)                                                           October 29, 2025         IDX and Indonesian Institute of
                             Socialization of Sustainability Disclosure Standards Statements                                        Accountants
                             (PSPK 1 and PSPK 2)
                             Go Public Workshop “Strategic Funding with Sukuk: Preparing for 2026          5 November 2025          BEI
                             Opportunities”                                                                November 5, 2025
                             Go Public Workshop “Strategic Funding with Sukuk: Preparing for 2026
                             Opportunities”
                             Navigating Indonesia's Sustainability Reporting Future with the Adoption of   16 Desember 2025         EY Indonesia
                             IFRS S1 and S2 Sustainability Disclosures                                     December 16, 2025
                             Navigating Indonesia’s Sustainability Reporting Future with the Adoption of
                             IFRS S1 and S2 Sustainability Disclosures
                             Sosialisasi Regulasi dan Sistem Pelaporan Perubahan Kepemilikan Saham         19 Desember 2025         OJK
                             Socialization of Regulations and Reporting Systems for Changes in Share       December 19, 2025
                             Ownership



                            Pelaksanaan Kegiatan di Tahun 2025                                       Implementation of Activities in 2025
                            Sepanjang tahun 2025, Sekretaris Perusahaan                              Throughout 2025, the Corporate Secretary will carry out
                            melaksanakan tugas dan tanggung jawabnya sebagai                         the following duties and responsibilities:
                            berikut:                                                                 1. Follow developments in the capital market, including
                            1. Mengikuti perkembangan pasar modal, termasuk                               attending socialization, seminars, and workshops
                                mengikuti sosialisasi, seminar, dan lokakarya terkait                     related to the capital market.
                                pasar modal.                                                         2. Ensure the Company’s compliance with applicable
                            2. Memastikan kepatuhan Perseroan terhadap                                    laws and regulations.
                                peraturan perundang-undangan yang berlaku.                           3. Submit press releases regarding everything related
                            3. Menyampaikan siaran pers mengenai segala                                   to the Company.
                                sesuatu yang berkaitan dengan Perseroan.                             4. Coordinate the preparation of the Company’s
                            4. Mengkoordinasikan penyusunan laporan triwulanan                            quarterly reports and Annual Report in a timely
                                Perseroan serta Laporan Tahunan secara tepat waktu.                       manner.
                            5. Menyampaikan keterbukaan informasi kepada                             5. Convey information disclosure to the public through
                                masyarakat melalui situs web Perseroan, BEI, dan OJK.                     the Company’s website, IDX, and OJK.
                            6. Mendukung dan memfasilitasi penyelenggaraan                           6. Support and facilitate the implementation of the
                                RUPST dan RUPSLB 2024 pada 25 Juni 2025.                                  2024 AGMS and EGMS on June 25, 2025.
                            7. Mendukung dan memfasilitasi penyelenggaraan                           7. Support and facilitate the implementation of the
                                Paparan Publik Tahunan pada 25 Juni 2025.                                 Annual Public Expose on June 25, 2025.


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Audit Internal
Internal Audit



Audit Internal adalah organ tata kelola Perseroan yang               Internal Audit is the Company’s governance organ tasked
bertugas menjalankan fungsi audit internal, yaitu suatu              with carrying out the internal audit function, which is an
kegiatan pemberian keyakinan dan konsultasi yang                     activity of providing assurance and consultation that is
bersifat independen dan objektif, dengan tujuan untuk                independent and objective, with the aim of increasing
meningkatkan nilai dan memperbaiki operasional                       value and improving the Company’s operations through




                                                                                                                                       Good Corporate Governance
                                                                                                                                       Tata Kelola Perusahaan
Perseroan melalui pendekatan yang sistematis. Proses                 a systematic approach. The internal audit process is
audit internal dilakukan dengan cara mengevaluasi                    carried out by evaluating and improving the effectiveness
dan meningkatkan efektivitas manajemen risiko,                       of risk management, control and corporate governance
pengendalian dan proses tata kelola perusahaan.                      processes.

Struktur dan Kedudukan                                               Structure and Position
Audit Internal dipimpin oleh Kepala Audit Internal                   The Internal Audit is led by the Head of Internal Audit,
yang diangkat dan diberhentikan oleh Presiden                        who is appointed and dismissed by the President Director
Direktur atas persetujuan Dewan Komisaris dengan                     with the approval of the Board of Commissioners,
mempertimbangkan rekomendasi yang diberikan oleh                     considering the recommendations provided by the
Komite Audit. Kepala Audit Internal dapat diberhentikan              Audit Committee. The Head of Internal Audit can be
sewaktu-waktu apabila yang bersangkutan gagal atau                   dismissed at any time if the person concerned fails or
tidak cakap dalam menjalankan tugasnya. Lingkup tugas                is incompetent in carrying out his duties. The scope of
dan pekerjaan Audit Internal dilakukan berdasarkan                   duties and work of Internal Audit is carried out based on
instruksi yang diberikan oleh Presiden Direktur.                     instructions given by the President Director.

Kedudukan Audit Internal di Perseroan secara struktural              The position of Internal Audit in the Company is
berada di bawah Presiden Direktur. Dalam menjalankan                 structurally under the President Director. However,
tugas dan tanggung jawabnya, Audit Internal dapat                    in carrying out its duties and responsibilities, Internal
berkomunikasi langsung dengan Dewan Komisaris                        Audit can communicate directly with the Board of
melalui Komite Audit untuk menginformasikan berbagai                 Commissioners through the Audit Committee to inform
hal yang berhubungan dengan aktivitas audit internal.                various matters relating to internal audit activities.

Per 31 Desember 2025, Unit Audit Internal dikepalai                  As of December 31, 2025, the Internal Audit Unit was
oleh seorang Kepala Audit Internal yang membawahi                    headed by a Head of Internal Audit who oversees a
sejumlah staf, termasuk auditor internal. Dalam                      number of staff, including internal auditors. In carrying
melaksanakan peran dan fungsinya, Audit Internal                     out its roles and functions, Internal Audit fully refers to
sepenuhnya mengacu pada International Standards                      the International Standards for the Professional Practice
for the Professional Practice of Internal Audit (IPPF)               of Internal Auditing (IPPF) issued by the Institute of
yang dikeluarkan oleh The Institute of Internal Auditors             Internal Auditors (IIA). Currently, the position of Head of
(IIA). Saat ini, Kepala Audit Internal dijabat oleh Yudhi            Internal Audit is held by Yudhi Hermanto.
Hermanto.

Profil Audit Internal                                                Profile of Internal Audit



                                     Yudhi Hermanto
                                     Kepala Audit Internal
                                     Head of Internal Audit

                                     Warga Negara             Usia
                                     Citizen                  Age

                                     Indonesia                46 tahun | years




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                             Dasar Hukum Pengangkatan             Keputusan Direksi No. 464/DNETDIR/IV/2015             Board of Directors Decree No. 464/DNETDIR/
                             Legal Basis of Appointment                                                                 IV/2015


                             Riwayat Pendidikan                   •   Sarjana Ekonomi jurusan Akuntansi dari            •   Bachelor of Economics majoring in
                             Education History                        Institut Bisnis dan Informatika Kwik Kian Gie         Accounting from the Kwik Kian Gie Institute of
                                                                      (IBIKKG) – dahulu STIE Institut Bisnis dan            Business and Informatics (IBIKKG) – formerly
                                                                      Informatika Indonesia (IBII) (2001)                   STIE Institut Bisnis dan Informatika Indonesia
                                                                  •   Magister Manajemen jurusan Keuangan dari              (IBII) (2001)
                                                                      IBIKKG (2005)                                     •   Master of Management majoring in Finance
                                                                                                                            from IBIKKG (2005)
                             Riwayat Karir                        •   Auditor Eksternal di KAP Prasetio, Utomo &        •   External Auditor at KAP Prasetio, Utomo & Co.
                             Career History                           Co. (2002)                                            (2002)
                                                                  •   Auditor Internal Group Rimba (2002-2004)          •   Internal Auditor Rimba Group (2002-2004)
                                                                  •   Pengawas Audit Internal Grup Tarra (2004-         •   Internal Audit Supervisor Tarra Group (2004-
                                                                      2006)                                                 2006)
                                                                  •   Kepala Analis Keuangan Grup Progress (2006-       •   Head of Financial Analyst Progress Group
                                                                      2007)                                                 (20062007)
Good Corporate Governance
Tata Kelola Perusahaan




                                                                  •   Kepala Internal Controller PT Hidup Lestari       •   Head of Internal Controller PT Hidup Lestari
                                                                      (2007-2010)                                           (2007-2010)
                                                                  •   Finance & Accounting Manager PT Kartika           •   Finance & Accounting Manager PT Kartika
                                                                      Pujakusuma (2011-2015)                                Pujakusuma (2011-2015)
                             Rangkap Jabatan                      Tidak ada                                             None
                             per 31 Desember 2025
                             Concurrent Position as of
                             December 31, 2025
                             Hubungan Afiliasi                    Tidak memiliki hubungan afiliasi dengan               Does not have any affiliated relationship with
                             Affiliation Relationship             anggota Dewan Komisaris, anggota Direksi, serta       members of the Board of Commissioners,
                                                                  pemegang saham utama dan pengendali.                  members of the Board of Directors, as well as
                                                                                                                        major and controlling shareholders.



                            Pelatihan                    dan          Pengembangan                    Training and Competency Development
                            Kompetensi

                                                               Judul Pelatihan                                                 Tanggal                Penyelenggara
                                                                  Training                                                      Date                    Organizer

                             ISO 37001:2016 (Anti-Bribery Management System)                                          24-25 September 2025      PT Aneka Standard (URS)
                                                                                                                      September 24-25, 2025



                            Tugas dan Tanggung Jawab                                                  Duties and Responsibilities
                            Tugas dan tanggung jawab Audit Internal sebagaimana                       The duties and responsibilities of Internal Audit as
                            diatur di dalam Piagam Audit Internal adalah:                             stipulated in the Internal Audit Charter are:
                            1. Menyusun strategi dan rencana kerja audit                              1. Prepare audit strategies and work plans based on
                                berdasarkan hasil analisis risiko yang dihadapi                           the results of risk analysis faced by the Company in
                                Perseroan dalam pencapaian tujuan bisnis.                                 achieving business objectives.
                            2. Melakukan pemeriksaan dan penilaian atas efisiensi                     2. Conduct examinations and assessments of
                                dan efektivitas di bidang keuangan, operasional,                          efficiency and effectiveness in the fields of finance,
                                SDM, pemasaran, teknologi informasi, dan kegiatan                         operations, HR, marketing, information technology,
                                lainnya dalam mencapai misi dan tujuan yang telah                         and other activities in achieving the mission and
                                ditetapkan.                                                               objectives that have been set.
                            3. Memberikan         kontribusi    untuk    peningkatan                  3. Provide contributions to improving effective control
                                pengendalian yang efektif dengan melakukan                                by conducting reviews and evaluations of internal
                                review dan evaluasi terhadap pengendalian internal                        control in all activity units within the Company.
                                pada semua unit kegiatan di lingkup Perseroan.                        4. Prepare and carry out investigative audits upon
                            4. Mempersiapkan          dan     melaksanakan      audit                     instructions from the President Director and/or
                                investigasi atas instruksi Presiden Direktur dan/atau                     the Board of Commissioners or requests from
                                Dewan Komisaris atau permintaan manajemen atas                            management with the approval of the President
                                persetujuan Presiden Direktur.                                            Director.
                            5. Memberikan saran perbaikan dan informasi                               5. Provide suggestions for improvement and objective
                                yang objektif tentang kegiatan yang diperiksa                             information on activities audited at all levels
                                pada semua tingkatan manajemen dalam rangka                               of management in order to improve systems,
                                penyempurnaan sistem, prosedur, anggaran dan                              procedures, budgets and policies.
                                kebijakan.                                                            6. Prepare Audit Result Reports (LHA) and submit the
                            6. Membuat Laporan Hasil Audit (LHA) dan                                      report to the Board of Directors and the Board of
                                menyampaikan laporan tersebut kepada Direksi                              Commissioners through the Audit Committee.
                                dan Dewan Komisaris melalui Komite Audit.


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7.   Memantau,       menganalisis,   dan    melaporkan       7.   Monitor, analyze, and report on the implementation
     pelaksanaan tindak lanjut perbaikan yang telah               of follow-up improvements that have been
     disarankan.                                                  suggested.
8.   Menyusun dan menyempurnakan standar kerja               8.   Prepare and improve internal audit work standards
     internal audit dan Piagam Internal Audit Perseroan.          and the Company’s Internal Audit Charter.

Sesuai dengan kapasitasnya, Audit Internal juga              In accordance with its capacity, Internal Audit is also
bertugas melakukan evaluasi terhadap efektivitas dan         tasked with evaluating the effectiveness and ensuring
memastikan kecukupan pengendalian internal dan               the adequacy of the Company’s internal control and risk
manajemen risiko Perseroan serta melakukan penilaian         management as well as assessing the implementation of
terhadap penerapan GCG dan kesinambungannya.                 GCG and its sustainability.

Audit Internal memiliki kewenangan untuk mengakses           Internal Audit has the authority to access all activities,




                                                                                                                               Good Corporate Governance
                                                                                                                               Tata Kelola Perusahaan
seluruh kegiatan, fungsi, catatan, properti dan personel     functions, records, properties and personnel both at
baik di tingkat Perseroan maupun entitas anak. Dalam         the Company and subsidiary levels. In providing an
memberikan penilaian terhadap kinerja dan efektivitas        assessment of the performance and effectiveness of the
proses pengendalian dan pengelolaan risiko, Audit Internal   risk control and management process, Internal Audit
juga melaporkan segala bentuk temuan audit yang bersifat     also reports all forms of material audit findings and
material serta memberikan saran dan rekomendasi untuk        provides suggestions and recommendations for follow-
tindak lanjut perbaikan yang dibutuhkan.                     up improvements as needed.

Piagam Audit Internal                                        Internal Audit Charter
Pelaksanaan tugas Audit Internal mengacu pada Piagam         Internal Audit duties are guided by the Internal Audit
Audit Internal yang ditetapkan pada 21 Agustus 2015.         Charter, which was established on August 21, 2015. The
Piagam Audit Internal menjadi pedoman dan acuan kerja        Internal Audit Charter serves as a guideline and work
bagi seluruh auditor internal agar dapat menjalankan         reference for all internal auditors, allowing them to
tugas dan tanggung jawabnya sesuai dengan kode etik          carry out their duties and responsibilities in accordance
profesi auditor internal. Piagam Audit Internal ditinjau     with the profession’s code of ethics. The Internal Audit
secara berkala dan dapat diperbarui apabila dianggap         Charter is reviewed on a regular basis and, if necessary,
perlu dengan tetap memperhatikan ketentuan dan               updated while remaining consistent with applicable
perundang-undangan yang berlaku. Piagam Audit Internal       provisions and laws. The Internal Audit Charter can be
dapat diakses dan diunduh melalui situs web Perseroan.       accessed and downloaded from the Company’s website.

Pelaksanaan Rapat dengan Direksi,                            Meetings with the Board of Directors,
Dewan Komisaris, dan/atau Komite                             Board of Commissioners, and/or Audit
Audit                                                        Committee
Audit Internal rutin berkonsultasi dan berkoordinasi         Internal Audit routinely consults and coordinates with
dengan Presiden Direktur serta Komite Audit untuk            the President Director and the Audit Committee to
melakukan pendalaman dan penelaahan atas hal-                conduct in-depth and review of matters that could affect
hal yang mampu mempengaruhi kinerja Perseroan.               the Company’s performance. Throughout 2025, Internal
Sepanjang tahun 2025, Audit Internal melakukan               Audit held a number of internal meetings independently
sejumlah rapat internal secara mandiri dan berkala           and periodically with the Board of Directors, Board of
bersama Direksi, Dewan Komisaris, dan Komite Audit.          Commissioners, and Audit Committee.

Pelaksanaan Kegiatan di Tahun 2025                           Implementation of Activities in 2025
Sepanjang tahun 2025, Perseroan beserta entitas              Throughout 2025, the Company and its subsidiaries
anak melaksanakan berbagai perbaikan pada aktivitas          made some improvements in operational activities and
operasional dan dokumentasi, baik secara manual              their documentation, both manually and systematically.
maupun berbasis sistem. Upaya ini merupakan                  In addition, several improvements in systems and
kelanjutan dari perbaikan sistem dan prosedur yang telah     procedures have been made since previous years,
diterapkan sejak tahun-tahun sebelumnya, sehingga            ensuring that internal oversight within the Company and
pengawasan internal dapat berjalan secara memadai.           its subsidiaries operates effectively.

Selain fokus pada audit internal di bidang akuntansi dan     In addition to conducting internal audits on accounting
keuangan untuk meningkatkan kualitas pelaporan serta         and financial aspects to improve the quality of financial
tata kelola, Audit Internal juga melakukan pemeriksaan       reporting and governance, Internal Audit also conducted
pada aktivitas teknis, teknologi informasi, dan general      examinations on various technical, information
affairs, termasuk pemeriksaan rutin terhadap jaringan        technology, and general affairs activities, including
serat optik yang dimiliki oleh FiberStar.                    routine examinations of FiberStar’s fiber optic network.



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                            Sistem Pengendalian Internal
                            Internal Control System



                            Sistem    pengendalian      internal adalah      sebuah    The internal control system is a mechanism or process
                            mekanisme atau proses yang dirancang dan dijalankan        that is designed and implemented by the Board of
                            oleh Dewan Komisaris, Direksi, dan seluruh karyawan        Commissioners, Board of Directors, and all employees to
                            untuk mengamankan aset, memberikan keyakinan               secure assets, provide adequate assurance of achieving
                            yang memadai atas tercapainya efektivitas dan efisiensi    operational effectiveness and efficiency, ensure
Good Corporate Governance
Tata Kelola Perusahaan




                            operasi, menjamin ketersediaan informasi dan laporan       the availability of accurate information and reports,
                            yang akurat, memastikan keandalan pelaporan keuangan       ensure the reliability of financial reporting, and ensure
                            dan kepatuhan terhadap ketentuan perundang-                compliance with applicable statutory regulations and
                            undangan yang berlaku dan prosedur internal yang           internal procedures that apply in the Company, as well
                            berlaku di Perseroan, serta mengurangi risiko terjadinya   as reduce the risk of losses, irregularities, and violations
                            kerugian, penyimpangan, dan pelanggaran terhadap           of the precautionary principle. In general, the internal
                            prinsip kehati-hatian. Secara garis besar, sistem          control system in the Company includes financial and
                            pengendalian internal di Perseroan mencakup kegiatan       operational control activities.
                            pengendalian keuangan dan operasional.

                            Aktivitas pengendalian internal Perseroan terdiri dari     The Company’s internal control activities consist of
                            proses, dokumentasi, alur kerja, ketentuan, kebijakan      processes, documentation, workflows, provisions,
                            dan prosedur yang dijalankan. Dengan mematuhi              policies, and procedures implemented. By complying
                            peraturan dan hukum yang berlaku, seluruh aspek            with applicable regulations and laws, all of these
                            tersebut melebur menjadi satu kesatuan yang tercermin      aspects merge into one unit, which is reflected through
                            melalui keputusan, kebijakan, dan tindakan agar dapat      decisions, policies, and actions in order to obtain reliable
                            diperoleh laporan keuangan yang bisa diandalkan dan        and accountable financial reports.
                            dipertanggungjawabkan.

                            Kesesuaian dengan Kerangka COSO                            Compliance with the COSO Framework
                            Dalam menyusun kerangka kerja pengendalian internal,       In developing the internal control framework, the
                            Perseroan mengadopsi kerangka pengendalian internal        Company adopts the internal control framework
                            yang ditetapkan oleh Internal Control Integrated           established by the Internal Control-Integrated
                            Framework yang ditetapkan Committee of the                 Framework set by the Committee of Sponsoring
                            Sponsoring Organizations of the Treadway Commission        Organizations of the Treadway Commission (COSO) in
                            (COSO) pada 2013. Kesesuaian sistem pengendalian           2013. The suitability of the internal control system based
                            internal berdasarkan prinsip COSO meliputi 5 (lima)        on COSO principles includes 5 (five) control components,
                            komponen pengendalian yaitu pengendalian lingkungan,       namely control environment, risk assessment, control
                            penilaian risiko, kegiatan pengendalian, informasi dan     activities, information and communication, and
                            komunikasi, dan pemantauan.                                monitoring.

                            Pengendalian Internal Aspek Keuangan                       Internal Control of Financial Aspects
                            Kegiatan pengendalian internal pada aspek keuangan         Internal control activities on the financial aspect are
                            bertujuan untuk memberikan jaminan atas kebenaran          intended to provide guarantees for the correctness
                            informasi keuangan serta memastikan keandalan              of financial information and ensure the reliability
                            dan kecukupan dari setiap transaksi yang dijalankan        and adequacy of every transaction carried out by the
                            Perseroan. Untuk mencapai tujuan tersebut, Perseroan       Company. To be able to achieve these control objectives,
                            melakukan beberapa inisiatif kegiatan pengendalian         the Company has carried out several internal control
                            internal pada aspek keuangan, antara lain sebagai          activity initiatives on the financial aspect, including the
                            berikut:                                                   following:
                            1. Menerapkan pemisahan fungsi yang dimaksudkan            1. Implement separation of functions intended so
                                 agar setiap orang dalam jabatannya tidak memiliki          Implement separation of functions so that everyone
                                 peluang untuk melakukan dan menyembunyikan                 in their position does not have the opportunity
                                 kesalahan atau penyimpangan dalam pelaksanaan              to make and hide mistakes or deviations in the
                                 tugasnya.                                                  performance of their duties.




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2.   Seluruh kebijakan, prosedur, instruksi operasional    2.   All policies, procedures, operational instructions
     diperbarui   (update)    secara    berkala   guna          are updated are updated regularly to reflect actual
     menggambarkan kegiatan operasional yang                    operational activities and in accordance with
     aktual dan sesuai dengan peraturan serta standar           applicable regulations and accounting standards.
     akuntansi yang berlaku.                               3.   Approval of the disbursement of funds and the
3.   Persetujuan atas pengeluaran dana dan realisasi            realization of expenditure is carried out in stages.
     pengeluaran dilakukan secara berjenjang.              4.   Control of physical assets includes, among others,
4.   Pengendalian aset fisik meliputi antara lain               securing assets, records and documentation, and
     pengamanan aset, catatan dan dokumentasi serta             limited access to application programs.
     akses terbatas terhadap program aplikasi.

Pengendalian                  Internal         Aspek       Internal Control of Operational Aspects
Operasional                                                Internal control in daily operations is conducted to




                                                                                                                             Good Corporate Governance
                                                                                                                             Tata Kelola Perusahaan
Pengendalian internal pada kegiatan operasional sehari-    ensure that all business activities of the Company are
hari dilakukan untuk memastikan seluruh aktivitas          carried out in accordance with established systems,
bisnis Perseroan berjalan sesuai dengan sistem,            procedures, regulations, and standards, with the aim of
prosedur, kaidah dan norma-norma yang berlaku demi         achieving the Company’s objectives and safeguarding its
tercapainya tujuan dan terpenuhinya kepentingan            interests. The implementation of internal control in the
Perseroan. Penerapan pengendalian internal pada            Company’s operational aspects includes the following:
aspek operasional Perseroan antara lain sebagai berikut:   1. Conduct a review by the Board of Directors by
1. Melakukan kaji ulang oleh Direksi dengan meminta             requesting an explanation and report on the
    penjelasan dan laporan kinerja operasional                  Company’s operational performance so that
    Perseroan sehingga Direksi dapat mendeteksi jika            the Board of Directors can detect if there are
    terjadi kelemahan pengendalian, kesalahan laporan           weaknesses in control, errors in financial reporting,
    keuangan, atau penyimpangan lainnya (fraud).                or other deviations (fraud).
2. Melakukan kaji ulang terhadap realisasi pelaksanaan     2. Review of the realization of the implementation of
    rencana kerja dan anggaran.                                 the work plan and budget.
3. Melakukan pengendalian atas teknologi informasi         3. Exercise control over information technology
    meliputi pengendalian terhadap operasional pusat            including control over data center operations and
    data serta pengendalian aplikasi.                           application control.
4. Pendokumentasian seluruh kebijakan, prosedur,           4. Documentation of all operational policies,
    dan instruksi operasional.                                  procedures, and instructions.

Kepatuhan    terhadap                    Perundang-        Compliance with Applicable Laws
undangan yang Berlaku                                      As a public company, the Company understands that
Sebagai perusahaan terbuka, Perseroan memahami             violations of statutory regulations can lead to negative
bahwa pelanggaran terhadap peraturan dan perundang-        perceptions in the eyes of the public, so it has the
undangan dapat menimbulkan dampak negatif                  potential to reduce the level of stakeholder trust. To
terhadap reputasi serta menurunkan kepercayaan             anticipate and minimize the occurrence of reputation
pemangku kepentingan. Untuk mengantisipasi dan             risk and compliance risk, the Corporate Secretary
meminimalkan risiko reputasi dan kepatuhan, Sekretaris     actively attends a number of invitations to socialize rules
Perusahaan secara aktif mengikuti sosialisasi peraturan    and regulations held by regulators or associations. This
dan perundang-undangan yang diselenggarakan                effort is made so that the Company is always updated
oleh regulator maupun asosiasi industri. Kegiatan ini      with the latest regulatory developments that apply in the
memastikan Perseroan selalu mengikuti perkembangan         capital market and in the retail industry, ensuring that
regulasi terkini di pasar modal maupun sektor ritel,       the quality of the Company’s compliance with applicable
sehingga kepatuhan terhadap peraturan tetap terjaga        regulations and the quality of corporate governance are
dan kualitas tata kelola perusahaan terpelihara.           maintained.

Efektivitas Sistem Pengendalian Internal                   Effectiveness of Internal Control System
Berdasarkan LHA, Audit Internal menilai bahwa              Based on the results of the evaluation as stated in the
Perseroan telah menerapkan sistem pengendalian             Audit Report (LHA), Internal Audit considers that the
internal yang efektif, yang mendukung pencapaian           Company’s internal control system has been running
target dan kinerja perusahaan. Keefektifan tata laksana    effectively and supports the achievement of the
pengendalian internal ini tercermin dari opini “Wajar      Company’s performance targets and results. Proper
Tanpa Pengecualian” atas Laporan Keuangan Perseroan        management of the internal control system is also
Tahun Buku yang diaudit oleh Kantor Akuntan Publik,        reflected in the “Unqualified” opinion on the Company’s
serta ketiadaan sanksi pelanggaran dari regulator.         Financial Statements audited by KAP, as well as the
Audit Internal terus berupaya meningkatkan efektivitas     absence of violation sanctions from the regulator.
                                                           Internal Audit continues to improve the effectiveness

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                            pengendalian    internal   dengan     menindaklanjuti       of the Company’s internal control by following up on
                            rekomendasi dan saran perbaikan yang disampaikan            recommendations and suggestions for improvement
                            kepada Presiden Direktur dan Dewan Komisaris, guna          addressed to the President Director and the Board
                            memperkuat mekanisme pengawasan dan pencapaian              of Commissioners, in order to strengthen oversight
                            kinerja perusahaan secara berkelanjutan.                    mechanisms and achieve sustainable company
                                                                                        performance.

                            Pernyataan Direksi dan/atau Dewan                           Statement of the Board of Directors and/
                            Komisaris atas Kecukupan Sistem                             or the Board of Commissioners on the
                            Pengendalian Internal                                       Adequacy of the Internal Control System
                            Berdasarkan      hasil     evaluasi efektivitas  sistem     After reviewing the results of the evaluation on the
                            pengendalian internal, Direksi menyimpulkan bahwa           effectiveness of the internal control system, the Board
                            sistem pengendalian internal Perseroan saat ini memiliki    of Directors has concluded that the Company’s internal
Good Corporate Governance
Tata Kelola Perusahaan




                            tingkat kecukupan yang memadai dan berfungsi secara         control system is adequately structured and has been
                            efektif. Sistem ini dinilai mampu melindungi Perseroan      functioning effectively to date. The current system is
                            dari berbagai risiko yang berpotensi berdampak negatif      deemed capable of safeguarding the Company from
                            terhadap kelangsungan usaha. Direksi senantiasa             various risks that could adversely affect its business
                            mendorong penguatan sistem pengendalian internal,           continuity. The Board of Directors also directs the
                            termasuk penyempurnaan kebijakan dan prosedur               Company to continuously strengthen the internal
                            terkait, guna meningkatkan efisiensi operasional            control system along with the internal control policy
                            dan meminimalkan potensi penyimpangan internal,             and procedure instruments that complement each
                            sehingga mendukung tata kelola dan keberlanjutan            other, in order to increase efficiency and minimize the
                            usaha Perseroan.                                            potential for internal deviations, thereby supporting the
                                                                                        Company’s governance and business sustainability.




                            Sistem Manajemen Risiko
                            Risk Management System



                            Manajemen risiko bertujuan untuk mengidentifikasi,          Risk management aims to identify, understand, prevent,
                            memahami, mencegah, dan meminimalkan potensi                and minimize the potential risks of events that could
                            risiko yang dapat berdampak negatif terhadap Perseroan      negatively impact the Company or threaten its long-term
                            atau mengancam keberlanjutan usaha jangka panjang.          business continuity. Given that every business activity
                            Mengingat setiap aktivitas bisnis melibatkan berbagai       involves multiple parties and factors, risk management
                            pihak dan faktor, pengelolaan risiko harus dilakukan        must be conducted strategically, disciplinarily, and
                            secara strategis, disiplin, dan cermat, agar Perseroan      cautiously so that the Company can manage each risk
                            mampu menanggulangi risiko dengan tepat.                    effectively.

                            Proses manajemen risiko diterapkan di seluruh               The risk management process is implemented across
                            rantai kegiatan operasional, melibatkan seluruh             the entire operational chain, involving all governance
                            organ tata kelola dan individu Perseroan pada setiap        organs and individuals within the Company at every
                            tingkat jabatan. Setiap unit kerja bertanggung jawab        level of position. Every work unit is responsible for
                            untuk mengidentifikasi, mengukur, memantau, dan             identifying, measuring, monitoring, and reporting the
                            melaporkan risiko yang melekat pada pelaksanaan             risks inherent in carrying out its tasks, so that it can
                            tugasnya, sehingga dapat merancang langkah-langkah          develop appropriate mitigation measures to minimize
                            mitigasi yang tepat untuk meminimalkan dampak negatif.      the negative impact.

                            Untuk memastikan efektivitasnya, Perseroan melakukan        To ensure the effectiveness of its implementation, the
                            evaluasi risiko secara berkala, menanamkan budaya           Company also conducts regular risk evaluations, instills
                            sadar risiko di seluruh karyawan, serta mensosialisasikan   a strong risk awareness culture in all employees, and
                            kebijakan manajemen risiko kepada Direksi dan               disseminates risk management policies to the Board of
                            manajemen.                                                  Directors and management.


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Profil Risiko                                                           Risk Profile
Perseroan telah menganalisis profil risiko utama yang                   The Company has analyzed the main risk profiles
dinilai berpengaruh signifikan terhadap kegiatan usaha                  that are considered to have a significant impact on
dan kinerja Perseroan, antara lain:                                     the Company’s business activities and performance,
                                                                        including:

          Jenis Risiko                          Penjelasan                                           Langkah Mitigasi
           Risk Type                            Explanation                                           Risk Mitigation

 Risiko Suku Bunga          Risiko di mana nilai wajar arus kas di masa depan    Perseroan belum memiliki kebijakan formal lindung nilai
 Interest Rate Risk         akan berfluktuasi karena perubahan tingkat suku      atas risiko suku bunga, namun Perseroan senantiasa
                            bunga pasar. Risiko suku bunga Perseroan dan         memperhatikan sensitivitas kemungkinan terjadinya
                            entitas anak timbul dari utang jangka panjang        perubahan tingkat suku bunga pinjaman.
                            dan utang pembiayaan konsumen.




                                                                                                                                                  Good Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
                            Risk in which the fair value of future cash flows    The Company does not yet have a formal hedging
                            will fluctuate because of changes in market          policy for interest rate risk, but the Company always
                            interest rates. The interest rate risk of the        pays attention to the sensitivity to a possible change in
                            Company and its Subsidiaries mainly arises           borrowing interest rates.
                            from long-term debts and consumer financing
                            payables.
 Risiko Mata Uang Asing     Risiko di mana nilai wajar atau arus kas dari        Perseroan dan entitas anak memiliki saldo bank dalam
 Foreign Currency Risk      suatu instrumen keuangan akan berfluktuasi           mata uang asing yang diyakini dapat memberikan
                            akibat perubahan nilai tukar mata uang asing.        lindung nilai alamiah dan terbatas terhadap dampak
                            Perseroan dan entitas anak terpengaruh risiko ini    fluktuasi nilai tukar Rupiah terhadap mata uang asing.
                            karena adanya penempatan kas dan setara kas di
                            bank dalam mata uang Dolar Amerika Serikat.

                            Risk in which the fair value or cash flows of a      The Company and its subsidiaries have bank accounts
                            financial instrument will fluctuate due to changes   denominated in foreign currency which are believed
                            in foreign currency exchange rates. The Company      to provide a limited natural hedge against the impact
                            and its subsidiaries are affected by this risk due   of fluctuations in the exchange rate of Rupiah against
                            to the placement of cash and cash equivalents in     foreign currencies.
                            banks denominated in United States Dollar.
 Risiko Kredit              Perseroan dan entitas anak terpapar eksposur         Risiko kredit atas penempatan rekening koran
 Credit Risk                risiko kredit karena menyalurkan kredit kepada       dan deposito, serta investasi jangka pendek dan
                            pelanggan serta menempatkan rekening koran           penempatan uang jaminan telah dikelola dengan baik
                            dan deposito di bank.                                oleh manajemen sesuai dengan kebijakan Perseroan
                                                                                 dan entitas anak. Investasi atas kelebihan dana dibatasi
                                                                                 untuk tiap-tiap bank dan kebijakan ini dievaluasi setiap
                                                                                 tahun oleh Direksi.

                            The Company and its subsidiaries are exposed         Credit risk arising from the placement of current
                            to credit risk exposure due to granting credits to   accounts and deposits, as well as short-term
                            customers and placement of current accounts          investments and placement of security deposits
                            and deposits in the banks.                           have been managed properly by the management in
                                                                                 accordance with the policies of the Company and its
                                                                                 subsidiaries. Investments of surplus funds are limited
                                                                                 for each bank and evaluated annually by the Board of
                                                                                 Directors.
 Risiko Likuiditas          Risiko di mana posisi arus kas Perseroan dan         Perseroan memastikan ketersediaan saldo kas di posisi
 Liquidity Risk             entitas anak menunjukkan bahwa pendapatan            yang cukup agar kewajiban Perseroan dan entitas anak
                            jangka pendek yang dimiliki tidak cukup untuk        dalam membayar liabilitas yang jatuh tempo dapat
                            membayar pengeluaran jangka pendek yang              dipenuhi dengan baik. Perseroan juga melakukan
                            sudah jatuh tempo.                                   berbagai upaya untuk menjaga posisi saldo kas dan
                                                                                 fasilitas yang disetujui agar dapat memenuhi kebutuhan
                                                                                 kas untuk suatu periode setidaknya 180 hari.

                            Risk in which the cash flows position of the         The Company ensures the availability of sufficient cash
                            Company and its Subsidiaries indicates that the      balances so that the obligations of the Company and its
                            short-term revenue possessed is not sufficient to    Subsidiaries in paying maturing liabilities can be fulfilled
                            cover the short-term expenses that are due.          properly. The Company has also made various efforts to
                                                                                 maintain the position of cash balances and the agreed
                                                                                 facilities to meet cash requirements for a period of at
                                                                                 least 180 days.



Tinjauan atas    Efektivitas                         Sistem             Review of the Effectiveness of Risk
Manajemen Risiko                                                        Management System
Perseroan       senantiasa      meninjau    efektivitas                 The Company continuously reviews the effectiveness
sistem manajemen risiko secara terstruktur dan                          of the risk management system in a structured and
berkesinambungan, yang dilakukan oleh Dewan                             continuous manner, which is carried out by the Board
Komisaris dan Direksi, dengan dukungan dari Audit                       of Commissioners and the Board of Directors, with
Internal. Peninjauan ini bertujuan untuk menilai kinerja                support from Internal Audit. This review aims to assess
sistem secara keseluruhan dan memastikan bahwa                          the overall performance of the system and ensure



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                            seluruh proses identifikasi, pengukuran, pemantauan,          that all processes of risk identification, measurement,
                            dan mitigasi risiko berjalan secara optimal dan konsisten     monitoring, and mitigation are running optimally and
                            dengan tujuan strategis Perseroan.                            consistently with the Company’s strategic objectives.

                            Evaluasi sistem manajemen risiko mencakup berbagai            The evaluation of the risk management system covers
                            aspek, antara lain efektivitas pelaporan risiko, kelancaran   various aspects, including the effectiveness of risk
                            pelaksanaan langkah-langkah mitigasi, pemantauan              reporting, the smooth implementation of mitigation
                            tingkat risiko di seluruh unit kerja, serta dukungan          measures, monitoring of risk levels across all work units,
                            terhadap pengambilan keputusan oleh Direksi yang              and support for more precise and accurate decision-
                            lebih tepat dan akurat. Proses ini memungkinkan               making by the Board of Directors. This process enables
                            Perseroan untuk menyesuaikan strategi mitigasi                the Company to adjust its mitigation strategies to
                            dengan perubahan kondisi pasar, dinamika industri,            changes in market conditions, industry dynamics, and
                            dan faktor eksternal maupun internal yang berpotensi          external or internal factors that could potentially affect
Good Corporate Governance
Tata Kelola Perusahaan




                            memengaruhi operasional.                                      operations.

                            Pernyataan Direksi dan/atau Dewan                             Statement of the Board of Directors
                            Komisaris atas Kecukupan Sistem                               and/or the Board of Commissioners on
                            Manajemen Risiko                                              the Adequacy of the Risk Management
                                                                                          System
                            Berdasarkan     hasil  evaluasi    efektivitas sistem         Based on the review of the evaluation results of the
                            manajemen risiko, Direksi menilai bahwa Perseroan             effectiveness of the risk management system, the Board
                            memiliki kemampuan yang memadai dan teruji dalam              of Directors considers that the Company has a good
                            menghadapi risiko-risiko usaha serta meminimalkan             and tested ability to face business risks and minimize
                            dampak negatif yang mungkin timbul. Sistem                    negative impacts that may arise. The risk management
                            manajemen risiko yang diterapkan Perseroan saat ini           system currently implemented by the Company has
                            terbukti efektif dalam mengidentifikasi, menilai, dan         proven effective in identifying, assessing, and addressing
                            menangani risiko-risiko yang relevan dengan aktivitas         risks relevant to the Company’s operational activities and
                            operasional dan strategi bisnis Perseroan. Evaluasi           business strategy. This regular evaluation ensures that
                            berkala ini memastikan bahwa manajemen risiko                 risk management is not only an administrative process
                            tidak hanya menjadi proses administratif, tetapi juga         but also an integral part of strategic and operational
                            menjadi bagian integral dari pengambilan keputusan            decision-making, thereby supporting the Company’s
                            strategis dan operasional, sehingga dapat mendukung           business continuity in a sustainable manner.
                            kelangsungan usaha Perseroan secara berkelanjutan.




                            Perkara Penting
                            Litigations

                            Perseroan, entitas anak, anggota Dewan Komisaris, dan         The Company, its subsidiaries, members of the Board of
                            anggota Direksi tidak menghadapi dan terlibat dalam           Commissioners, and members of the Board of Directors
                            perkara penting, baik perdata maupun pidana, selama           are not facing or involved in important cases, either civil
                            tahun 2025.                                                   or criminal, during 2025.




                            Informasi Sanksi Administratif
                            Information on Administrative Sanction

                            Perseroan, entitas anak, anggota Dewan Komisaris, dan         The Company, its subsidiaries, members of the Board of
                            anggota Direksi tidak menerima sanksi administratif dari      Commissioners, and members of the Board of Directors
                            pihak regulator selama tahun 2025.                            did not receive any administrative sanctions from the
                                                                                          regulator during 2025.



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Kode Etik Perseroan                                                 [IDX G.07]

Company Code of Conduct



Kode Etik merupakan pedoman tertulis mencakup               The Code of Conduct is a written guideline covering
norma-norma perilaku yang wajib dipatuhi dan                behavioral norms that must be obeyed and implemented
dilaksanakan oleh seluruh karyawan. Pedoman ini             by all employees. This guideline serves as a basic
berfungsi sebagai acuan dasar berperilaku, berinteraksi,    reference for behavior, interactions, and attitudes that
dan bersikap yang wajib dipatuhi oleh seluruh karyawan      must be obeyed by all employees in order to create a




                                                                                                                             Good Corporate Governance
                                                                                                                             Tata Kelola Perusahaan
agar tercipta lingkungan kerja dengan standar moral         work environment with high ethical moral standards
beretika tinggi yang selaras dengan nilai-nilai dan         that are in line with the Company’s cultural values.
budaya Perseroan.

Perseroan memiliki Kode Etik yang disusun berdasarkan       The Company has a Code of Conduct that was prepared
prinsip-prinsip GCG dan peraturan perundang-                based on GCG principles and prevailing laws and
undangan yang berlaku. Rumusan Kode Etik Perseroan          regulations. The formulation of the Company’s Code
telah dituangkan dalam Perjanjian Kerja Bersama (PKB)       of Conduct has been set forth in the Collective Labor
yang ditandatangani oleh karyawan pada saat pertama         Agreement (PKB), which is signed by employees when
kali bergabung di Perseroan. Dengan berpegang pada          they first join the Company. With the existence of the
Kode Etik, Perseroan memastikan pengelolaan bisnisnya       Code of Conduct, the Company is committed to ensuring
benar-benar dilakukan dengan kaidah-kaidah etika dan        that business management and the achievement of
moralitas yang tepat serta mematuhi ketentuan dan           company performance are always carried out in ethical
perundang-undangan yang berlaku.                            and moral ways and do not violate applicable statutory
                                                            regulations.

Pokok-Pokok Kode Etik                                       Principles of the Code of Conduct
Kode     Etik   memuat      landasan-landasan     terkait   The Code of Conduct covers the foundations for the
pengelolaan operasional, bisnis, dan hubungan               management of operations, business, and relationships
dengan pemegang saham dan pemangku kepentingan,             with shareholders and stakeholders, including:
termasuk di antaranya:                                      1. Protection of the Company’s assets;
1. Perlindungan terhadap aset-aset perusahaan;              2. Anti-corruption ethics;
2. Etika antikorupsi;                                       3. Fair treatment;
3. Perlakuan adil;                                          4. Ethical behaviors in the workplace includes moral
4. Etika berperilaku di tempat kerja mencakup standar           standards and integrity; personal interests; business
    moral dan integritas; kepentingan pribadi; kegiatan         activities in other places; kinship relationships;
    bisnis di tempat lain; hubungan kekerabatan;                discrimination or harassment; safety, health, and
    diskriminasi     atau    pelecehan;   keselamatan,          security in the workplace; workplace free of illegal
    kesehatan dan keamanan di tempat kerja; tempat              drugs; communications, equipment, and service
    kerja bebas dari obat-obatan terlarang; komunikasi,         systems; information and investigation;
    peralatan, dan sistem layanan; informasi dan            5. Ethics related to conflict of interest which includes
    penyelidikan;                                               gifts and entertainment; political activities and
5. Etika terkait konflik kepentingan yang meliputi              contributions; ownership; as well as the use of
    hadiah dan perjamuan; kegiatan dan kontribusi               facilities and company name.
    politik; kepemilikan; serta penggunaan fasilitas dan
    nama perusahaan.

Pernyataan Kode Etik Berlaku untuk                          Statement of Code of Conduct Applies to
Seluruh Level Organisasi                                    All Organizational Levels
Seluruh karyawan dari semua lapisan organisasi terikat      The Company’s Code of Conduct applies to all
dengan Kode Etik Perseroan tanpa terkecuali, termasuk       employees at every level of the organization, without
pegawai kontrak maupun tetap, hingga ke jajaran             exception. This includes both contract and permanent
manajemen inti yaitu Dewan Komisaris dan Direksi.           employees, as well as core management, namely the
Universalitas pemberlakuan Kode Etik merupakan              Board of Commissioners and Directors. The universal
bentuk komitmen Perseroan dalam mewujudkan                  application of the Code of Ethics reflects the Company’s
lingkungan kerja yang kondusif dan konstruktif.             commitment to fostering a positive and productive work
                                                            environment.

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                            Sosialisasi dan Upaya Penegakan                           Socialization and Enforcement Efforts
                            Untuk meningkatkan kualitas penerapan Kode Etik,          To improve the quality of the implementation of the
                            Perseroan melakukan sosialisasi dan pemantauan atas       Code of Ethics, the Company conducts socialization and
                            penerapan Kode Etik secara konsisten kepada seluruh       monitoring of the implementation of the Code of Ethics
                            karyawan melalui berbagai media internal yang tersedia,   consistently to all employees through various available
                            seperti email, surat, rapat, gathering karyawan, dan      internal media, such as email, letters, meetings,
                            kegiatan lainnya.                                         employee gatherings, and other activities.

                            Jumlah Pelanggaran Kode                  Etik    dan      Number of Violations of the Code of
                            Sanksi yang Diberikan                                     Conduct and Sanctions Given In
                            Sepanjang tahun 2025, Perseroan tidak menerima            Throughout 2025, the Company received several reports
                            sejumlah laporan atas pelanggaran Kode Etik yang          of Code of Ethics violations committed by employees.
                            dilakukan oleh karyawan. Seluruh laporan tersebut         All these reports were thoroughly investigated in
Good Corporate Governance
Tata Kelola Perusahaan




                            telah diinvestigasi sesuai dengan prosedur yang           accordance with the established procedures, followed
                            berlaku, ditindaklanjuti, dan telah diselesaikan dengan   up on, and resolved by imposing strict sanctions on
                            pemberian sanksi yang tegas kepada pihak-pihak yang       the involved parties in accordance with the Company
                            terlibat berdasarkan ketentuan Peraturan Perusahaan.      Regulations.




                            Kebijakan Pemberian Kompensasi
                            Jangka Panjang Berbasis Kinerja
                            kepada Manajemen dan/atau
                            Karyawan
                            Performance-Based Long-Term Compensation Policy to
                            Management and/or Employees



                            Sampai akhir tahun 2025, Perseroan belum menerapkan       Until the end of 2025, the Company has not implemented
                            kebijakan pemberian kompensasi jangka panjang             a policy of providing long-term performance-based
                            berbasis kinerja kepada manajemen dan atau karyawan       compensation to management and/or employees,
                            termasuk Program Kepemilikan Saham Karyawan atau          including the Employee Stock Option Program (ESOP) and
                            Employee Stock Option Program (ESOP) dan Program          the Management Stock Option Program (MSOP). Thus,
                            Kepemilikan Saham oleh Manajemen atau Management          there is no information related to the number of ESOP/
                            Stock Option Program (MSOP). Dengan demikian, tidak       MSOP shares and their realization, period, requirements
                            terdapat informasi terkait jumlah saham ESOP/MSOP         for eligible employees and/or management, and exercise
                            dan realisasinya, jangka waktu, persyaratan karyawan      prices.
                            dan/atau manajemen yang berhak, serta harga exercise.




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Kebijakan Pengungkapan
Informasi Mengenai Kepemilikan
Saham Anggota Direksi dan
Anggota Dewan Komisaris
Information Disclosure Policy Regarding Share Ownership of
Members of the Board of Directors and Members of the Board




                                                                                                                           Good Corporate Governance
                                                                                                                           Tata Kelola Perusahaan
of Commissioners


Perseroan    telah    memiliki   kebijakan     terkait    The Company has an information disclosure policy
pengungkapan informasi kepemilikan saham Dewan            regarding the share ownership of the Board of
Komisaris dan Direksi dengan mengacu pada SEOJK           Commissioners and the Board of Directors, which refers
No. 10/SEOJK.04/2025 tentang Penyampaian Laporan          to SEOJK No. 10/SEOJK.04/2025 concerning the Electronic
Kepemilikan atau Setiap Perubahan Kepemilikan Saham       Submission of Reports on Ownership or Any Change in
Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan      Share Ownership of a Public Company and Reports on
Saham Perusahaan Terbuka Secara Elektronik.               the Activities of Pledging Shares of a Public Company.

Berdasarkan peraturan ini, anggota Direksi, Dewan         Based on this regulation, members of the Board of
Komisaris, pemegang saham yang memiliki saham             Directors, the Board of Commissioners, shareholders
paling sedikit 5%, dan pihak pengendali Perseroan         who own at least 5% of the Company’s shares, and
wajib melaporkan kepemilIkan dan setiap perubahan         the Company’s controlling parties shall report their
kepemilikan sahamnya atas Perseroan kepada                ownership and any changes in their share ownership
OJK, selambat-lambatnya 3 (tiga) hari kerja sejak         of the Company to OJK, no later than 3 (three) business
terjadinya kepemilikan hak suara atas saham atau          days since the occurrence of ownership of voting rights
setiap perubahan kepemilikan hak suara atas saham         over shares or any changes in the ownership of voting
perusahaan terbuka, atau ditandatanganinya perjanjian     rights over the shares of a public company, or the
atau kesepakatan terkait aktivitas menjaminkan saham      signing of an agreement or arrangement related to
Perseroan yang menyebabkan terpenuhinya kondisi           the pledging of the Company’s shares that leads to the
sebagaimana dimaksud dalam POJK No. 4 Tahun 2024          fulfillment of conditions as referred to in POJK No. 4 of
tentang Laporan Kepemilikan atau Setiap Perubahan         2024 concerning Report on Ownership or Any Change
Kepemilikan Saham Perusahaan Terbuka dan Laporan          in Share Ownership of a Public Company and Report on
Aktivitas Menjaminkan Saham Perusahaan Terbuka.           the Activities of Pledging Shares of a Public Company.

Hingga saat ini, tidak terdapat anggota Dewan Komisaris   To date, no members of the Board of Commissioners
dan Direksi yang memiliki saham Perseroan, baik secara    and the Board of Directors owns shares of the Company,
langsung dan tidak langsung.                              either directly or indirectly.




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                            Sistem Pelaporan Pelanggaran
                            Whistleblowing System



                            Untuk memperkuat penerapan GCG dan menjaga                                    To strengthen the implementation of GCG and uphold
                            reputasi Perseroan sebagai entitas yang berintegritas,                        the Company’s reputation as an entity with integrity,
                            Perseroan telah menetapkan mekanisme pelaporan                                the Company has established a violation reporting
                            pelanggaran. Kebijakan ini dirancang untuk mendorong                          mechanism. This policy is designed to encourage all
                            seluruh pemangku kepentingan, baik internal maupun                            stakeholders, both internal and external, to confidently
Good Corporate Governance
Tata Kelola Perusahaan




                            eksternal, agar berani melaporkan setiap tindakan                             report any actions or practices that violate Company
                            atau praktik yang bertentangan dengan Peraturan                               Regulations, the Company’s Code of Ethics, or applicable
                            Perusahaan, Kode Etik Perseroan, maupun peraturan                             laws and regulations.
                            perundang-undangan yang berlaku.

                            Perlindungan bagi Pelapor                                                     Protection for Whistleblowers
                            Perseroan    menyatakan     komitmennya       untuk                           The Company has made a clear commitment to always
                            memberikan jaminan perlindungan terhadap pelapor                              support and protect whistleblowers from all forms
                            dari segala bentuk ancaman, intimidasi, dengan                                of threats and intimidation, including ensuring the
                            menjamin kerahasiaan identitas pelapor (prinsip                               confidentiality of the whistleblower’s identity (principle
                            anonimitas) sepanjang pelaporan yang disampaikan                              of anonymity) as long as the report submitted is not
                            bukan merupakan pelaporan palsu dan/atau fitnah.                              false and/or slanderous.

                            Pihak Pengelola Pengaduan                                                     Complaint Management Party
                            Pelaksanaan mekanisme pelaporan pelanggaran                                   The violation reporting mechanism is structured and
                            dikelola secara terstruktur oleh Divisi SDM, yang                             managed by the Human Resources Division, which
                            bertanggung jawab atas pengelolaan SDM Perseroan,                             directs the Company’s human resource management,
                            dengan dukungan dari Audit Internal. Audit Internal                           with support from Internal Audit. Internal Audit acts as
                            berperan sebagai organ pendukung Direksi yang                                 a supporting body to the Board of Directors, conducting
                            melakukan audit investigasi atas seluruh laporan                              investigative audits of all violation reports, ensuring
                            pelanggaran, memastikan proses penanganan dilakukan                           that the handling process is conducted objectively,
                            secara objektif, transparan, dan sesuai ketentuan yang                        transparently, and in accordance with applicable
                            berlaku, sehingga integritas dan kepatuhan Perseroan                          regulations to maintain the Company’s integrity and
                            tetap terjaga.                                                                compliance.

                            Mekanisme                    Penyampaian                        Laporan       Violation Reporting Mechanisms
                            Pelanggaran

                                                   Pelapor | Whistleblower                                                   Divisi SDM | HR Division

                              Pihak Pelapor diperbolehkan untuk menyampaikan laporan                       Divisi SDM menerima laporan pengaduan yang diteruskan oleh
                              pengaduannya secara anonim (tanpa identitas) dan juga tidak                  atasan pihak Pelapor. Apabila setelah ditelaah, Divisi SDM melihat
                              diwajibkan untuk melampirkan bukti awal atas pelanggaran yang                adanya kemungkinan terjadinya pelanggaran dari laporan
                              dilaporkan. Namun, jika Pelapor sudah memiliki bukti awal yang cukup         pengaduan yang disampaikan tersebut, selanjutnya Divisi SDM
                              maka dihimbau untuk turut melampirkan bukti tersebut saat laporan            akan meneruskan informasi tersebut kepada Unit Audit Internal.
                              pengaduan disampaikan kepada atasan.
                                                                                                           The HR Division receives complaint reports which are forwarded
                              The whistleblower is allowed to submit his complaint reports                 by the whistleblower’s superiors. If after review, the HR Division
                              anonymously (without identity) and is also not required to attach initial    sees the possibility of a violation occurring from the submitted
                              evidence of the reported violations. However, if the Whistleblower           complaint report, then the HR Division will forward the
                              already has sufficient initial evidence, he is encouraged to also attach     information to the Internal Audit Unit.
                              this evidence when the complaint report is submitted to his superiors.



                                                 Direksi | Board of Directors                                             Audit Internal | Internal Audit

                              Direksi akan mengambil tindakan yang diperlukan terkait pelanggaran          Unit Audit Internal akan melakukan investigasi atas pelaporan
                              yang diinformasikan oleh Unit Audit Internal.                                yang diberikan oleh Divisi SDM, termasuk pengumpulan bukti-
                                                                                                           bukti yang ada. Unit Audit Internal memiliki kewenangan untuk
                              The Board of Directors will take the necessary actions regarding             menghentikan proses pelaporan atau melaporkan pelanggaran
                              violations informed by the Internal Audit Unit.                              tersebut kepada Direksi.

                                                                                                           The Internal Audit Unit will investigate the reports provided by the
                                                                                                           HR Division, including collecting available evidence. The Internal
                                                                                                           Audit Unit has the authority to stop the reporting process or
                                                                                                           report the violation to the Board of Directors.




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Di level entitas anak, Perseroan telah memiliki WBS di     At the subsidiary level, the Company already has a
mana segala bentuk pelaporan atas pelanggaran yang         WBS in place where all forms of reporting on violations
dilakukan atau diduga dilakukan oleh karyawan dapat        committed or suspected to be committed by employees
disampaikan melalui email kepada Divisi SDM atau           can be submitted via email to the HR Division or to the
kepada Tim Internal Audit melalui email: whistleblower@    Internal Audit Team via email: whistleblower@fiberstar.
fiberstar.co.id.                                           co.id.

Perseroan dan entitas anak berkomitmen akan                The Company and its subsidiaries are committed
menindaklanjuti dan melakukan investigasi menyeluruh       to following up on and thoroughly investigating
terhadap seluruh laporan pengaduan yang diterima           all complaints received by conducting in-depth
dengan     melakukan      penyelidikan     mendalam        investigations based on the facts obtained. This
berdasarkan fakta-fakta yang diperoleh. Investigasi ini    investigation is conducted on the reported party and
dilakukan terhadap pihak yang dilaporkan dan juga          also on the reporter to prove its validity and prevent




                                                                                                                            Good Corporate Governance
                                                                                                                            Tata Kelola Perusahaan
terhadap pelapor untuk membuktikan keabsahannya            false reporting.
dan mencegah terjadinya pelaporan palsu.

Sanksi atas Pelanggaran WBS                                Sanctions for WBS Violations
Perseroan tidak menolerir segala bentuk pelanggaran        The Company will not tolerate any form of violation
yang terjadi di lingkungan dan area operasional            within the Company. Even though it does not yet have
Perseroan. Bila laporan pelanggaran yang disampaikan       separate WBS management, the Company has long had
terbukti benar, maka Perseroan akan mengenakan             a policy of imposing sanctions on employees who are
sanksi bagi pihak-pihak yang bersangkutan sesuai           found to have violated the Code of Conduct, Company
peraturan yang berlaku. Adapun bentuk sanksi yang          Regulations, CLA, and others. Sanctions may be imposed
dijatuhkan dapat berupa:                                   in the following ways:
1. Surat Peringatan dengan level berjenjang (SP 1, SP      1. Warning Letter with tiered levels (SP 1, SP 2, and SP
     2, dan SP 3);                                              3);
2. Pemutusan Hubungan Kerja (PHK);                         2. Termination of Employment (PHK);
3. Pelanggaran diteruskan ke dalam proses pengadilan.      3. Violations are forwarded to court proceedings.

Jumlah Laporan                Pelanggaran        yang      Number of Violation Reported
Diterima                                                   Throughout 2024 and 2025, the Company received no
Sepanjang tahun 2024 dan 2025, tidak terdapat              complaints, so there was no investigation or follow-up
pengaduan yang diterima oleh Perseroan, sehingga           process carried out by the Company.
tidak terdapat proses investigasi dan tindak lanjut yang
dilakukan Perseroan.




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                                                                                                                                           indoritel.co.id




                            Kebijakan Antikorupsi                                                        [IDX G.07]

                            Anti-Corruption Policy



                            Perseroan teguh berkomitmen untuk menciptakan                  The Company is firmly committed to fostering a
                            lingkungan organisasi yang bersih dan sehat, serta             clean and healthy organizational environment, free
                            bebas dari praktik Korupsi, Kolusi, dan Nepotisme              from Corruption, Collusion, and Nepotism (KKN). All
                            (KKN). Seluruh karyawan dan pemangku kepentingan               employees and stakeholders are expected to actively
                            diharapkan terlibat secara aktif dalam mendukung               participate in promoting honest and integrity-driven
Good Corporate Governance
Tata Kelola Perusahaan




                            penyelenggaraan praktik bisnis yang jujur dan                  business practices.
                            berintegritas.

                            Sebagai bentuk penegasan atas komitmen ini, Perseroan          As a reaffirmation of this commitment, the Company
                            menerbitkan Kebijakan Antikorupsi pada 23 September            issued an Anti-Corruption Policy on September 23, 2024,
                            2024 yang bertujuan untuk:                                     which aims to:
                            1. Meningkatkan ketaatan dan kedisiplinan Perseroan            1. Improve the Company’s compliance and discipline
                                terhadap hukum peraturan dan etika serta                       with laws, regulations and ethics and support
                                mendukung program pemerintah dalam mencegah                    government programs in preventing corruption in
                                tindakan korupsi di Indonesia.                                 Indonesia.
                            2. Melengkapi infrastruktur GCG Perseroan melalui              2. Complete the Company’s GCG infrastructure
                                sistem dan prosedur yang dapat mencegah                        through systems and procedures that can prevent
                                terjadinya penyuapan dan tindakan korupsi.                     bribery and corruption.
                            3. Meningkatkan kesadaran akan budaya beretika                 3. Increase awareness of a high ethical culture in
                                tinggi dalam melaksanakan kegiatan kerja yang                  carrying out work activities related to external
                                berhubungan dengan pihak eksternal, termasuk                   parties, including work partners and government
                                mitra kerja dan instansi pemerintah yang                       agencies related to the Company.
                                berhubungan dengan Perseroan.                              4. Prevent material and immaterial losses that can
                            4. Mencegah kerugian baik materiel maupun                          disrupt the Company’s business continuity.
                                immateriel yang dapat mengganggu kelangsungan
                                bisnis Perseroan.

                            Perseroan menegaskan bahwa prinsip dan kebijakan               The Company affirms that anti-corruption principles and
                            antikorupsi berlaku secara tegas untuk seluruh                 policies strictly apply to all its activities and operations.
                            kegiatan dan operasionalnya. Perseroan dilarang                The Company is prohibited from proposing, promising,
                            mengajukan, menjanjikan, atau memberikan uang,                 or providing money, gifts, or any other benefits to
                            hadiah, atau bentuk keuntungan lainnya kepada pihak            any party, including members of business entities or
                            manapun, termasuk anggota badan usaha atau pegawai             government officials, both in Indonesia and abroad,
                            pemerintah di dalam maupun luar negeri, dengan tujuan          with the intent to influence their functions or decisions
                            memengaruhi fungsi atau keputusan secara tidak benar.          improperly.

                            Selain itu, Perseroan juga tidak menerima keuntungan           Additionally, the Company does not receive any
                            dari transaksi atau kegiatan yang tidak sah, ilegal,           form of benefit from transactions or activities that
                            sepihak, atau yang mengutamakan kepentingan pihak              are unauthorized, unlawful, unilateral, or that serve
                            tertentu. Terkait partisipasi politik, seluruh karyawan        the interests of specific parties. Regarding political
                            memiliki hak untuk menyalurkan aspirasi politiknya             participation, all employees have the right to express
                            secara sah, asalkan dilakukan dengan mekanisme yang            their political aspirations legally, provided they do so
                            benar, tidak merugikan pihak lain, dan sesuai peraturan        through appropriate mechanisms, without harming
                            yang berlaku. Perseroan tidak memberikan kontribusi            others and in accordance with applicable regulations.
                            bersifat politis dan tidak terafiliasi dengan partai politik   The Company does not provide political contributions
                            manapun.                                                       and remains unaffiliated with any political party.




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Dalam semua kegiatannya, Perseroan senantiasa             In all its activities, the Company consistently adheres
mematuhi peraturan perundang-undangan antikorupsi         to the prevailing anti-corruption laws and regulations
yang berlaku di Indonesia, menegaskan komitmen untuk      in Indonesia, affirming its commitment to conducting
menjalankan praktik bisnis yang bersih, transparan, dan   business practices that are clean, transparent, and with
berintegritas. Seluruh pemangku kepentingan dapat         integrity. All stakeholders can report suspected KKN
melakukan pelaporan atas dugaan aktivitas KKN dengan      activities by sending an e-mail to corsec@indoritel.co.id.
mengirimkan e-mail ke corsec@indoritel.co.id.

Sosialisasi dan Pelatihan Antikorupsi                     Anti-Corruption             Socialization              and
                                                          Training
Perseroan secara konsisten menanamkan pemahaman           The Company consistently provides understanding
dan kesadaran kepada seluruh karyawan mengenai            and deepens awareness among all employees
pentingnya melaksanakan tugas dan tanggung jawab          regarding the importance of carrying out work duties




                                                                                                                            Good Corporate Governance
                                                                                                                            Tata Kelola Perusahaan
pekerjaan dengan berpegang pada prinsip etika kerja       and responsibilities by adhering to high work ethics
yang tinggi, menghindari pengambilan keuntungan           and principles, avoiding personal advantage, and
pribadi, serta tidak merugikan pihak lain. Pemahaman      not harming other parties. This understanding is
ini disampaikan melalui berbagai kegiatan pelatihan       provided through various forms of regular training
dan sosialisasi yang diselenggarakan secara berkala,      and socialization activities, ensuring that all employees
sehingga seluruh karyawan memiliki kesadaran dan          possess a strong awareness and commitment to work
komitmen yang kuat terhadap praktik kerja yang            practices with integrity.
berintegritas.

Pada 24-25 September 2025, Perseroan bekerja sama         On September 24-25, 2025, the Company, in
dengan entitas anak, Fiberstar, telah melaksanakan        collaboration with its subsidiary, FiberStar, conducted
in-house training ISO 37001:2016 (Anti-Bribery            an in-house training on ISO 37001:2016 (Anti-Bribery
Management System). Pelatihan ini diikuti oleh 20         Management System). This training was attended by 20
karyawan dan diselenggarakan oleh PT Aneka Standard       employees and was organized by PT Aneka Standard
(URS) sebagai lembaga penyedia pelatihan.                 (URS) as the training provider.

Jumlah Temuan dan Hasil Tindak Lanjut                     Number        of    Findings        and      Follow-up
                                                          Results
Sepanjang 2025, Perseroan tidak menerima pelaporan        Throughout 2025, the Company did not receive any
yang mengindikasikan adanya dugaan aktivitas KKN,         reports indicating any suspected corruption, collusion
baik di dalam maupun luar lingkungan kerja Perseroan.     and nepotism activities, either inside or outside the
                                                          Company’s work environment.




Kebijakan Komunikasi dengan
Pemegang Saham atau Investor
Communication Policy with Shareholders or Investors


Pada 23 September 2024, Perseroan telah menerbitkan       On September 23, 2024, the Company issued a Policy
Kebijakan Komunikasi dengan Pemegang Saham atau           on Communication with Shareholders and Investors,
Investor yang bertujuan untuk mengatur tata cara          establishing guidelines for communication procedures
komunikasi Perseroan dengan pemegang saham dan            between the Company and its shareholders or investors.
investor, termasuk di dalamnya penyelenggaraan            This policy outlines the implementation of activities
kegiatan dalam rangka pemberian informasi yang terkait    designed to provide relevant information about the
dengan Perseroan kepada pemegang saham dan/atau           Company, facilitating informed investment decisions
investor, yang mungkin dapat membantu pengambilan         and enhancing oversight of the Company’s governance.
keputusan investasi ataupun pengawasan terhadap tata
kelola Perseroan.



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                                                                                                                                     indoritel.co.id




                            Kebijakan Mekanisme Pengadaan
                            Barang dan Jasa
                            Procurement Policy for Goods and Services


                            Perseroan memiliki kebijakan terkait mekanisme              The Company has established policies regarding
                            pengadaan barang dan jasa, mencakup kebijakan               procurement mechanisms for goods and services,
                            tentang seleksi dan peningkatan kemampuan pemasok           which include policies on the selection and capability
Good Corporate Governance
Tata Kelola Perusahaan




                            atau vendor yang termuat dalam Perjanjian Kerja Sama        enhancement of suppliers or vendors as set forth in
                            (PKS). PKS ini dipahami, disetujui, dan ditandatangani      the Cooperation Agreement (PKS). This Cooperation
                            oleh Perseroan dan pihak vendor.                            Agreement is understood, agreed upon, and signed by
                                                                                        both the Company and the respective vendors.




                            Kebijakan Insider Trading
                            Insider Trading Policy



                            Saat ini, Perseroan belum memiliki kebijakan terpisah       Currently, the Company has not had in place a separate
                            terkait insider trading. Namun, kebijakan terkait insider   policy for insider trading. However, policies related to
                            trading telah diatur secara terintegrasi dalam Peraturan    insider trading have been integrated into the Company
                            Perusahaan dan bersifat mengikat bagi seluruh insan         Regulations and are binding for all of the Company’s
                            Perseroan.                                                  personnel.




                            Kebijakan Pemenuhan
                            Hak-Hak Kreditur
                            Creditor Rights Policy


                            Perseroan memiliki kebijakan terkait pemenuhan hak-         The Company has a policy regarding the fulfillment of
                            hak kreditur yang termuat dalam Perjanjian Kredit.          creditor rights as stipulated in the Credit Agreement.
                            Perjanjian ini dipahami, disetujui, dan ditandatangani      This agreement is understood, agreed upon, and signed
                            oleh Perseroan dan pihak kreditur.                          by both the Company and the creditors.




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Penerapan Pedoman Tata Kelola
Perusahaan Terbuka
Implementation of Public Company Governance Guidelines


Sesuai dengan POJK No. 21/POJK.04/2015 tentang                         According to OJK Regulation No. 21/POJK.04/2015
Penerapan Pedoman Tata Kelola Perusahaan Terbuka                       concerning      the    Implementation       of Corporate
dan Surat Edaran OJK No. 32/SEOJK.04/2015 tentang                      Governance Guidelines for Listed Companies and




                                                                                                                                                 Good Corporate Governance
                                                                                                                                                 Tata Kelola Perusahaan
Pedoman Tata Kelola Perusahaan Terbuka, Perseroan                      OJK Circular Letter No. 32/SEOJK.04/2015 concerning
diwajibkan untuk mengungkapkan penerapan GCG                           Corporate Governance Guidelines for Listed Companies,
yang terdiri dari 5 (lima) aspek, 8 (delapan) prinsip, dan             the Company is required to disclose the GCG
25 (dua puluh lima) rekomendasi penerapan aspek                        implementation, which consists of 5 (five) aspects, 8
serta prinsip GCG berdasarkan pendekatan “comply or                    (eight) principles, and 25 (twenty-five) recommendations
explain.”                                                              for implementing GCG aspects and principles based on
                                                                       the “comply or explain.”

           Prinsip                   Rekomendasi                                           Pernyataan Kepatuhan
          Principles               Recommendations                                         Compliance Statement

 Aspek 1. Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
 Aspect 1. Public company relationship with shareholders in guraranteeing assuring thareholders’ rights.
 Prinsip 1:                1.1 Perusahaan Terbuka memiliki        Terpenuhi.
 Meningkatkan Nilai            cara atau prosedur teknis          Perseroan telah memiliki dan menerapkan cara atau prosedur teknis
 Penyelenggaraan Rapat         pengumpulan suara (voting)         pengumpulan suara (voting) baik secara terbuka maupun tertutup.
 Umum Pemegang                 baik secara terbuka maupun
 Saham (RUPS)                  tertutup yang mengedepankan
                               independensi, dan kepentingan
 1st Principle:                pemegang saham.
 Increasing the value
 fo holding a General          The public company has             Fulfilled.
 Meeting of Shareholders       voting methods or technical        The Company has and implemented technical methods or procedures
 (GMS).                        procedures, both open and          for collecting votes (voting) both openly and secretly.
                               closed, which prioritize the
                               independence and interests of
                               shareholders.
                           1.2 Seluruh anggota Direksi dan        Terpenuhi.
                               anggota Dewan Komisaris            Seluruh anggota Direksi dan Dewan Komisaris hadir dalam RUPST dan
                               Perusahaan Terbuka hadir           RUPSLB yang diselenggarakan pada 25 Juni 2025.
                               dalam RUPS Tahunan.

                               All members of the Board of        Fulfilled.
                               Commissioners (BOC) and the        All members of the Board of Directors and Board of Commissioners
                               Board of Directors (BOD) of        were present at the AGMS and EGMS held on June 25, 2025.
                               the public company attend the
                               Annual GMS.
                           1.3 Ringkasan risalah RUPS tersedia    Terpenuhi.
                               dalam situs web Perusahaan         Perseroan telah mencantumkan Ringkasan Risalah RUPS selama 5
                               Terbuka paling sedikit selama 1    (lima) tahun terakhir pada situs web Perseroan dalam Bahasa Indonesia
                               (satu) tahun.                      dan Inggris. Informasi ini bisa diakses di https://www.indoritel.co.id/id/
                                                                  hubunganinvestor/
                                                                  rapat-umum-pemegang-saham (Bahasa Indonesia) dan https://www.
                                                                  indoritel.co.id/investorrelations/
                                                                  General-Meeting-of-Shareholders (Bahasa
                                                                  Inggris).

                               Summary of minutes of GMS          Fulfilled.
                               is available on the public         The Company has included the Summary of Minutes of GMS for the
                               company’s website for at least 1   last 5 (five) years on the Company's website in Bahasa Indonesia and
                               (one) year.                        English. This information can be accessed at https://www.indoritel.co.id/
                                                                  id/hubunganinvestor/
                                                                  rapat-umum-pemegang-saham (Bahasa Indonesia) and https://www.
                                                                  indoritel.co.id/investorrelations/
                                                                  General-Meeting-of-Shareholders (Bahasa
                                                                  English).




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                                                                                                                                                          indoritel.co.id




                                     Prinsip                      Rekomendasi                                          Pernyataan Kepatuhan
                                    Principles                  Recommendations                                        Compliance Statement

                             Prinsip 2:                2.1 Perusahaan Terbuka memiliki        Terpenuhi.
                             Meningkatkan Kualitas         suatu kebijakan komunikasi         Perseroan telah menerbitkan Kebijakan Komunikasi dengan Pemegang
                             Komunikasi Perusahaan         dengan pemegang saham atau         Saham atau Investor pada 23 September 2024.
                             Terbuka dengan                investor.
                             Pemegang Saham atau                                              Fulfilled.
                             Investor.                     A public company as a              The Company has issued a Communication Policy with Shareholders or
                                                           communication policy with the      Investors on September 23, 2024.
                             2nd Principle:                shareholders or investors.
                             Improving the Quality
                             of Public Company         2.2 Perusahaan Terbuka                 Terpenuhi.
                             Communication with            mengungkapkan kebijakan            Perseroan telah mencantumkan Kebijakan Komunikasi Perseroan
                             Shareholders or               komunikasi Perusahaan              dengan Pemegang Saham atau Investor pada situs web Perseroan
                             Investors.                    Terbuka dengan pemegang            dalam Bahasa Indonesia dan Inggris. Informasi ini bisa diakses di
                                                           saham atau investor dalam          https://www.indoritel.co.id/id/tata-kelola-perusahaan/kebijakan-
                                                           situs web.                         komunikasi-dengan-pemegang-saham-dan-investor.
Good Corporate Governance
Tata Kelola Perusahaan




                                                           Public company discloses ist       Fulfilled.
                                                           communications policy with         The Company has posted its Policy on Communication with
                                                           shareholders or investors via      Shareholders or Investors on the Company's website in Indonesian and
                                                           website.                           English. This information can be accessed at https://www.indoritel.co.id/
                                                                                              id/tata-kelola-perusahaan/kebijakan-komunikasi-dengan-pemegang-
                                                                                              saham-dan-investor.
                             Aspek 2. Fungsi dan Peran Dewan Komisaris
                             Aspect 2. Functions and Roles of the Board of Commissioners
                             Prinsip 3:                3.1 Penentuan jumlah                   Terpenuhi.
                             Memperkuat                    anggota Dewan Komisaris            Penentuan jumlah anggota Dewan Komisaris Perseroan telah
                             Keanggotaan dan               mempertimbangkan kondisi           mempertimbangkan kondisi dan kapasitas Perseroan sesuai ketentuan
                             Komposisi Dewan               Perusahaan Terbuka.                POJK 33/2014, peraturan terkait lainnya termasuk Peraturan BEI,
                             Komisaris.                                                       Anggaran Dasar Perseroan, serta Board Manual.

                             3rd Principle:                The determination of number        Fulfilled.
                             Strengthening the             of the members of the BOC by       The determination of the number of members of the Company’s
                             Membership and                considering the condition of       BOC has considered the conditions and capacities of the Company in
                             Composition of the            public company.                    accordance with POJK 33/2014 concerning the Board of Directors and
                             Board of Commissioners.                                          Board of Commissioners of Issuers or Public Companies, other relevant
                                                                                              regulations including the Indonesian Stock Exchange Regulations, the
                                                                                              Company’s Articles of Association, and the Board Manual.
                                                       3.2 Penentuan komposisi                Terpenuhi.
                                                           anggota Dewan Komisaris            Perseroan memiliki anggota Dewan Komisaris dengan beragam
                                                           memperhatikan keberagaman          pengalaman, keahlian, dan lain-lain. Informasi keberagaman Dewan
                                                           keahlian, pengetahuan, dan         Komisaris telah diungkapkan dalam Laporan Tahunan.
                                                           pengalaman yang dibutuhkan.

                                                           Determination of the               Fulfilled.
                                                           composition of members of          The Company has members of the Board of Commissioners with
                                                           the BOC considers the diversity    various experiences, expertise, and others. Information on the diversity
                                                           of skills, knowledge, and          of the Board of Commissioners has been disclosed in the Annual
                                                           experience required                Report.
                             Prinsip 4:                4.1 Dewan Komisaris mempunyai          Terpenuhi.
                             Meningkatkan Kualitas         kebijakan penilaian sendiri        Perseroan telah menerbitkan Kebijakan Penilaian Kinerja Dewan
                             Pelaksanaan Tugas dan         (self-assessment) untuk menilai    Komisaris dan Direksi pada 23 September 2024.
                             Tanggung Jawab Dewan          kinerja Dewan Komisaris.
                             Komisaris.
                                                           The Board of Commissioners         Fulfilled.
                             4th Principle:                has a self-assessment policy to    The Company has issued the Board of Commissioners and Board of
                             Improving the Quality         assess the performance of the      Directors Performance Assessment Policy on September 23, 2024.
                             of Implementation             Board of Commissioners.
                             of Duties and
                             Responsibilities of the   4.2 Kebijakan penilaian sendiri        Terpenuhi.
                             Board of Commissioners.       (self-assessment) untuk menilai    Perseroan telah mengungkapkan Kebijakan Penilaian Kinerja Dewan
                                                           kinerja Dewan Komisaris,           Komisaris dan Direksi dalam Laporan Tahunan ini.
                                                           diungkapkan melalui Laporan
                                                           Tahunan Perusahaan.

                                                           Self-assessment policy to assess   Fulfilled.
                                                           the performance of the BOC is      The Company has disclosed the Performance Assessment Policy of the
                                                           disclosed in the Annual Report     Board of Commissioners and Board of Directors in this Annual Report.
                                                           of a public company.




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           Prinsip                     Rekomendasi                                          Pernyataan Kepatuhan
          Principles                 Recommendations                                        Compliance Statement

                            4.3 Dewan Komisaris mempunyai          Terpenuhi.
                                kebijakan terkait pengunduran      Kebijakan terkait pengunduran diri anggota Dewan Komisaris telah
                                diri anggota Dewan Komisaris       teregulasi dalam Anggaran Dasar Perseroan.
                                apabila terlibat dalam kejahatan
                                keuangan.

                                 BOC has a policy regarding        Fulfilled.
                                 the resignation of member of      The policy related to the resignation of members of the Board of
                                 the BOC if they are involved in   Commissioners has been regulated in the Company's Articles of
                                 financial crimes.                 Association.
                            4.4 Dewan Komisaris atau Komite        Terpenuhi.
                                yang menjalankan fungsi            Komite Nominasi dan Remunerasi mempersiapkan suksesi Direksi
                                Nominasi dan Remunerasi            dengan mengidentifikasi pejabat eksekutif yang potensial, melakukan
                                menyusun kebijakan suksesi         penilaian dan mengevaluasi kompetensi, pengalaman, kualifikasi dan




                                                                                                                                                Good Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
                                dalam proses Nominasi anggota      keahlian anggota Direksi serta mengajukan nama-nama kandidat yang
                                Direksi.                           potensial tersebut kepada Dewan Komisaris agar dapat diajukan dalam
                                                                   RUPS untuk mendapatkan persetujuan.

                                 The BOC or the Committee that     Fulfilled.
                                 carries out the Nomination        The Nomination and Remuneration Committee prepares for succession
                                 and Remuneration function         for the BOD by identifying potential executive officers, assessing, and
                                 formulates a succession policy    evaluating the competence, experience, qualifications, and expertise
                                 in the Nomination process         of members of the BOD, and submitting the names of these potential
                                 for members of the Board of       candidates to the BOC to be submitted to the GMS for approval.
                                 Directors.
 Aspek 3. Fungsi dan Peran Direksi
 Aspect 3. Functions and Roles of the Board of Directors
 Prinsip 5:                 5.1 Penentuan jumlah anggota           Terpenuhi.
 Memperkuat                     Direksi mempertimbangkan           Penentuan jumlah anggota Direksi Perseroan telah mempertimbangkan
 Keanggotaan dan                kondisi Perusahaan Terbuka         kondisi dan kapasitas Perseroan, sesuai ketentuan POJK 33/2014 dan
 Komposisi Direksi.             serta efektivitas dalam            peraturan terkait lainnya termasuk Peraturan BEI, Anggaran Dasar
                                pengambilan keputusan.             Perseroan, serta Board Manual.
 5th Principle:
 Strengthening the               Determination of the number of    Fulfilled.
 Membership and                  members of the BOD considers      Determination of the number of members of the Board of Directors of
 Composition of the              the condition of the public       the Company has taken into account the conditions and capacity of the
 Board of Directors.             company and its effectiveness     Company, in accordance with the provisions of POJK 33/2014 and other
                                 in making decisions.              related regulations including the IDX Regulation, the Company's Articles
                                                                   of Association, and the Board Manual.

                            5.2 Penentuan komposisi anggota        Terpenuhi.
                                Direksi memperhatikan,             Perseroan memiliki anggota Direksi dengan beragam pengalaman,
                                keberagaman keahlian,              keahlian, dan lain-lain. Informasi keberagaman Direksi sudah
                                pengetahuan, dan pengalaman        diungkapkan dalam Laporan Tahunan.
                                yang dibutuhkan.

                                 Determination of the              Fulfilled.
                                 composition of members of         The Company has members of the Board of Directors with diverse
                                 the BOD considers the diversity   experiences, expertise, and others. Information on the diversity of the
                                 of skills, knowledge, and         Board of Directors has been disclosed in the Annual Report.
                                 experience required.
                            5.3 Anggota Direksi yang               Terpenuhi.
                                membawahi bidang akuntansi         Penetapan anggota Direksi yang membawahi bidang akuntansi atau
                                atau keuangan memiliki             keuangan dilakukan dengan mempertimbangkan keahlian dan/atau
                                keahlian dan/atau pengetahuan      pengetahuan di bidang akuntansi. Profil Direktur yang membawahi
                                di bidang akuntansi.               bidang akuntansi atau keuangan, yaitu Bapak Kiki Yanto Gunawan
                                                                   dapat dilihat pada Bab Profil Perusahaan, subbab Profil Direksi, dalam
                                                                   Laporan Tahunan ini.

                                 Members of the BOD in charge      Fulfilled.
                                 of accounting or finance have     The determination of members of the Board of Directors in charge
                                 expertise and/or knowledge in     of accounting or finance is carried out by considering expertise and/
                                 accounting.                       or knowledge in the field of accounting. The profile of the Director in
                                                                   charge of accounting or finance, namely Mr. Kiki Yanto Gunawan, can be
                                                                   seen in the Company Profile Chapter, sub-chapter of Directors' Profile,
                                                                   in this Annual Report.




Laporan Tahunan 2025 Annual Report                                                                   PT Indoritel Makmur Internasional Tbk    157
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                                                                                                                                                         indoritel.co.id




                                      Prinsip                    Rekomendasi                                          Pernyataan Kepatuhan
                                     Principles                Recommendations                                        Compliance Statement

                             Prinsip 6:                6.1 Direksi mempunyai kebijakan        Terpenuhi.
                             Meningkatkan Kualitas         penilaian sendiri (self-           Perseroan telah menerbitkan Kebijakan Penilaian Kinerja Dewan
                             Pelaksanaan Tugas dan         assessment) untuk menilai          Komisaris dan Direksi pada 23 September 2024.
                             Tanggung Jawab Direksi        kinerja Direksi.

                             6th Principle:                The BOD has a self-assessment      Fulfilled.
                             Improving the Quality         policy to assess the               The Company has issued a Performance Assessment Policy for the
                             of the Implementation         performance of BOD.                Board of Commissioners and Board of Directors on September 23,
                             of the Duties and                                                2024.
                             Responsibilities of the
                             Board of Directors        6.2 Kebijakan penilaian sendiri        Terpenuhi.
                                                           (self-assessment) untuk menilai    Perseroan telah mengungkapkan Kebijakan Penilaian Kinerja Dewan
                                                           kinerja Direksi diungkapkan        Komisaris dan Direksi dalam Laporan Tahunan ini.
                                                           melalui laporan tahunan
                                                           Perusahaan Terbuka.
Good Corporate Governance
Tata Kelola Perusahaan




                                                           The self-assessment policy to      Fulfilled.
                                                           assess the performance of the      The Company has disclosed the Performance Assessment Policy for the
                                                           BOD is disclosed in the Public     Board of Commissioners and Board of Directors in this Annual Report.
                                                           Company‘s annual report.
                                                       6.3 Direksi mempunyai kebijakan        Terpenuhi.
                                                           terkait pengunduran diri           Kebijakan terkait pengunduran diri anggota Dewan Komisaris telah
                                                           anggota Direksi apabila terlibat   teregulasi dalam Anggaran Dasar Perseroan.
                                                           dalam kejahatan keuangan.

                                                           The BOD has a policy regarding     Fulfilled.
                                                           the resignation of members         The Company’s Articles of Association have regulated the resignation of
                                                           of BOD if they are involved in     members of the BOD.
                                                           financial crimes.
                             Aspek 4. Partisipasi Pemangku Kepentingan
                             Aspect 4. Stakeholder Participation
                             Prinsip 7:                7.1 Perusahaan Terbuka memiliki        Terpenuhi.
                             Meningkatkan Aspek            kebijakan untuk mencegah           Kebijakan Insider Trading Perseroan diatur dalam Peraturan
                             Tata Kelola Perusahaan        terjadinya insider trading.        Perusahaan dan bersifat mengikat bagi seluruh insan Perseroan.
                             melalui Partisipasi
                             Pemangku Kepentingan.         A Public Company has a policy      Fulfilled.
                                                           to prevent insider trading.        The Company's Insider Trading Policy is regulated in the Company
                             7th Principle:                                                   Regulations and is binding for all personnel oft he Company.
                             Improving Corporate
                             Governance Aspects        7.2 Perusahaan Terbuka memiliki        Terpenuhi.
                             through Stakeholders‘         kebijakan antikorupsi dan          Perseroan telah menerbitkan Kebijakan Antikorupsi pada 23 September
                             Participation.                antifraud.                         2024.

                                                           The Public Company has in          Fulfilled.
                                                           place the anti-corruption and      The Company has issued an Anti-Corruption Policy on September 23,
                                                           anti-fraud policy.                 2024.
                                                       7.3 Perusahaan Terbuka memiliki        Terpenuhi.
                                                           kebijakan tentang seleksi dan      Kebijakan ini telah diungkapkan melalui Perjanjian Kerja Sama (PKS)
                                                           peningkatan kemampuan              yang ditandatangani oleh Perseroan dan vendor.
                                                           pemasok atau vendor.

                                                           A public company has a policy      Fulfilled.
                                                           regarding the selection and        This policy has been disclosed through the Cooperation Agreement
                                                           capicity buliding of suppliers.    (PKS) signed by the Company and the vendor.
                                                       7.4 Perusahaan Terbuka memiliki        Terpenuhi.
                                                           kebijakan tentang pemenuhan        Kebijakan ini telah diungkapkan melalui Perjanjian Kredit yang
                                                           hak- hak kreditur.                 ditandatangani oleh Perseroan dan Kreditur.

                                                           A Public Company has a policy      Fulfilled.
                                                           on the fulfillment of creditor‘s   This policy has been disclosed through the Credit Agreement signed by
                                                           rights.                            the Company and the Creditor.
                                                       7.5 Perusahaan Terbuka                 Terpenuhi.
                                                           memiliki kebijakan sistem          Perseroan menerapkan sistem pelaporan pelanggaran melalui
                                                           whistleblowing.                    mekanisme pelaporan pelanggaran yang konfidensial, terpercaya, dan
                                                                                              aman untuk seluruh pemangku kepentingan.

                                                           A Public Company has a             Fulfilled.
                                                           whistleblowing system policy.      The Company's whistleblowing system policy is directly integrated with
                                                                                              the Company's Code of Ethics.




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           Prinsip                      Rekomendasi                                       Pernyataan Kepatuhan
          Principles                  Recommendations                                     Compliance Statement

                           7.6 Perusahaan Terbuka memiliki        Terpenuhi.
                               kebijakan pemberian insentif       Perseroan dapat memberikan insentif jangka panjang kepada Direksi
                               jangka panjang kepada Direksi      dan karyawan berdasarkan kinerja dan pencapaian Perseroan di tahun
                               dan karyawan.                      buku, serta sesuai dengan kebijakan Perseroan. Pemberian insentif ini
                                                                  bertujuan untuk memberikan motivasi kepada Direksi dan karyawan
                                                                  untuk mengoptimalkan produktivitasnya yang akan berdampak pada
                                                                  peningkatan kinerja Perseroan secara jangka panjang

                                A public company has a            Fulfilled.
                                longterm incentives policy for    The Company may provide long-term incentives to the Board of
                                the BOD and the employees.        Directors and employees based on the Company’s performance and
                                                                  achievements during the fiscal year, as well as in accordance with the
                                                                  Company's policy. The provision of these incentives aims to motivate
                                                                  the Board of Directors and employees to optimize their productivity,
                                                                  which will lead to the enhancement of the Company’s long-term




                                                                                                                                              Good Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
                                                                  performance.
 Aspek 5. Keterbukaan Informasi
 Aspect 5. Information transparency
 Prinsip 8:                8.1 Perusahaan Terbuka                 Terpenuhi.
 Meningkatkan                  memanfaatkan penggunaan            Perseroan terus berupaya meningkatkan kualitas keterbukaan
 Pelaksanaan                   teknologi informasi secara lebih   informasi kepada pemangku kepentingan dengan memanfaatkan
 Keterbukaan Informasi         luas selain situs web sebagai      sejumlah media teknologi informasi selain situs web Perseroan.
                               media keterbukaan informasi.
 8th Principle:
 Enhance information            A public Company takes            Fulfilled.
 Disclosure                     advantage of the use of           The Company continues to strive to improve the quality of its
 implementation                 information technology more       information disclosure to Stakeholders by utilizing a number of
                                broadly beside the website        information technology media in addition to using the Company’s
                                as a medium for information       website.
                                disclosure.
                           8.2 Laporan Tahunan Perusahaan         Terpenuhi.
                               Terbuka mengungkapkan              Perseroan telah mengungkapkan informasi mengenai pemegang saham
                               pemilik manfaat akhir dalam        yang memiliki 5% (lima persen) atau lebih kepemilikan saham Perseroan
                               kepemilikan saham Perusahaan       di Laporan Tahunan dan situs web Perseroan. Selain itu, Perseroan
                               Terbuka paling sedikit 5% (lima    juga menyampaikan Laporan Registrasi Pemegang Efek mengenai
                               persen), selain pengungkapan       kepemilikan saham Perseroan setiap bulan melalui SPE OJK dan IDXnet.
                               pemilik manfaat akhir dalam
                               kepemilikan saham Perusahaan
                               Terbuka melalui pemegang
                               saham utama dan pengendali.

                                The annual report of the public   Fulfilled.
                                company discloses the public      The Company has disclosed information regarding shareholders
                                company’s shares ownership        who own 5% (five percent) or more of the Company’s shares in the
                                of at least 5%, in addition to    Company’s Annual Report and website. In addition, the Company also
                                the disclosure of the public      submits a Report on Shareholder Register regarding the Company’s
                                company’s shares ownership        shares ownership every month through e-Reporting OJK (SPE OJK) and
                                through main and controlling      IDXnet.
                                shareholders.




Laporan Tahunan 2025 Annual Report                                                                  PT Indoritel Makmur Internasional Tbk   159
Page 162
Pendaki sejati menjaga alam yang dipijaknya,
karena puncak yang indah hari ini harus tetap
dapat diraih oleh generasi berikutnya.
True climbers protect the environment they
traverse, ensuring today’s beautiful summit
remains accessible for future generations.
Page 163
     Laporan
Keberlanjutan
       Sustainability Report




   PT Indoritel Makmur Internasional Tbk
    Laporan Tahunan 2025 Annual Report
Page 164
                                                                                                                                                        indoritel.co.id




                                              Tentang Laporan Keberlanjutan
                                              About the Sustainability Report



                                              Melalui kebijakan dan inisiatif keberlanjutan yang holistik dan
                                              inklusif, Perseroan menargetkan tercapainya tujuan jangka
                                              panjang yang tidak hanya memperkuat kinerja perusahaan,
                                              tetapi juga memberikan manfaat nyata bagi lingkungan dan
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              masyarakat, sekaligus menciptakan nilai ekonomi yang
                                              berkelanjutan.

                                              Through holistic and inclusive sustainability policies and initiatives, the Company aims to
                                              achieve longterm objectives that not only strengthen corporate performance but also
                                              deliver tangible benefits for the environment and society, while creating sustainable
                                              economic value.



                                              Laporan Keberlanjutan ini diterbitkan untuk memenuhi        This Sustainability Report is published in compliance
                                              ketentuan Surat Edaran Otoritas Jasa Keuangan No. 16/       with the provisions of Financial Services Authority
                                              SEOJK.04/2021 (“SEOJK 16/2021”) yang berpedoman pada        Circular Letter No. 16/SEOJK.04/2021 (“SEOJK 16/2021”),
                                              Peraturan Otoritas Jasa Keuangan No. 51/POJK.03/2017        which refers to Financial Services Authority Regulation
                                              (“POJK 51/2017”), Undang-Undang Republik Indonesia          No. 51/POJK.03/2017 (“POJK 51/2017”), Law of the
                                              Nomor 40 tahun 2007 tentang Perseroan Terbatas              Republic of Indonesia No. 40 of 2007 on Limited Liability
                                              (“UUPT”), serta Peraturan Pemerintah Republik Indonesia     Companies (“Company Law”), as well as Government
                                              Nomor 47 Tahun 2012 tentang Tanggung Jawab                  Regulation of the Republic of Indonesia No. 47 of 2012
                                              Sosial dan Lingkungan Perseroan Terbatas. Laporan           on Corporate Social and Environmental Responsibility
                                              ini disajikan dan dipublikasikan secara terintegrasi        of Limited Liability Companies. This report is presented
                                              dengan Laporan Tahunan. Oleh sebab itu, bilamana            and published in an integrated manner with the Annual
                                              pengungkapan informasi yang disyaratkan dalam POJK          Report. Therefore, where disclosures required under
                                              51/2017 telah tersedia dalam Laporan Tahunan, maka          POJK 51/2017 are already available in the Annual Report,
                                              informasi tersebut tidak disajikan kembali dalam bab ini.   such information is not restated in this chapter. The
                                              Perseroan melampirkan halaman indeks POJK 51/2017           Company provides a POJK 51/2017 index page at the
                                              di bagian akhir Laporan Tahunan untuk menandai di           end of the Annual Report to indicate where the relevant
                                              mana informasi tersebut dapat ditemukan.                    information can be found.

                                              Perseroan melakukan kajian secara berkala untuk             The Company conducts periodic assessments to map
                                              memetakan topik-topik keberlanjutan yang relevan,           sustainability topics that are relevant, influential, and
                                              berpengaruh, dan berdampak dengan bisnisnya. Topik-         impactful to its business. These topics also represent
                                              topik ini juga merepresentasikan isu-isu yang signifikan    significant issues for stakeholders, particularly in
                                              bagi para pemangku kepentingan, khususnya terkait           relation to economic, social, and environmental aspects.
                                              aspek ekonomi, sosial, dan lingkungan. Perseroan juga       The Company also continues to measure the impact
                                              terus berupaya melakukan pengukuran atas dampak             of its operational activities, both quantitatively and
                                              kegiatan operasionalnya, baik secara kuantitatif dan        qualitatively, on the aspects of Prosperity, People, and
                                              kualitatif, terhadap aspek Prosperity, People, dan Planet   Planet (3P).
                                              (3P).




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Laporan ini menyajikan informasi terkait kinerja            This report presents information on the Company’s
keberlanjutan Perseroan untuk periode 1 Januari hingga      sustainability performance for the period January
31 Desember 2025. Beberapa bagian menyajikan                1 to December 31, 2025. Several sections include
perbandingan data selama 2 (dua) hingga 3 (tiga) tahun      comparative data covering the past 2 (two) to 3 (three)
buku terakhir. Data dan informasi keuangan bersumber        fiscal years. Financial data and information are derived
pada Laporan Keuangan Konsolidasian PT Indoritel            from the Consolidated Financial Statements of PT
Makmur Internasional Tbk dan Entitas Anak untuk tahun       Indoritel Makmur Internasional Tbk and its Subsidiaries




                                                                                                                             Corporate Social Responsibility (CSR)
                                                                                                                             Tanggung Jawab Sosial dan Lingkungan (TJSL)
yang berakhir pada tanggal 31 Desember 2025.                for the year ended December 31, 2025.

Laporan ini juga memuat data dan informasi dari             This report also includes data and information from
entitas anak Perseroan, yaitu PT Mega Akses Persada         the Company’s subsidiary, PT Mega Akses Persada
(FiberStar), dan ketiga entitas asosiasi Perseroan, yakni   (FiberStar), as well as the Company’s three associated
PT Indomarco Prismatama (Indomaret), PT Fastfood            entities, namely PT Indomarco Prismatama (Indomaret),
Indonesia Tbk (FAST), dan PT Nippon Indosari Corpindo       PT Fastfood Indonesia Tbk (FAST), and PT Nippon
Tbk (ROTI).                                                 Indosari Corpindo Tbk (ROTI).




Strategi Keberlanjutan                                                    [POJK A.1]

Sustainability Strategy


Untuk memastikan praktik keberlanjutan dapat                To ensure that sustainability practices are implemented
berjalan secara konsisten dan memberikan dampak             consistently and deliver long-term impact, the Company
jangka panjang, Perseroan senantiasa menetapkan             continuously establishes well-directed strategies and
strategi serta pendekatan yang terarah dengan tetap         approaches while maintaining a balanced consideration
mempertimbangkan keseimbangan antara aspek                  of environmental, social, and economic aspects.
lingkungan, sosial, dan ekonomi. Melalui kebijakan          Through holistic and inclusive sustainability policies
dan inisiatif keberlanjutan yang holistik dan inklusif,     and initiatives, the Company aims to achieve long-
Perseroan menargetkan tercapainya tujuan jangka             term objectives that not only strengthen corporate
panjang yang tidak hanya memperkuat kinerja                 performance but also deliver tangible benefits for the
perusahaan, tetapi juga memberikan manfaat nyata            environment and society, while creating sustainable
bagi lingkungan dan masyarakat, sekaligus menciptakan       economic value.
nilai ekonomi yang berkelanjutan.

Sebagai perusahaan investasi yang beroperasi di             As an investment company operating in the consumer
sektor konsumen dan ritel, Perseroan mengidentifikasi       and retail sectors, the Company identifies several
sejumlah isu material yang memengaruhi keberlanjutan        material issues that influence business sustainability,
bisnis, seperti perilaku konsumen, efisiensi rantai         such as consumer behavior, supply chain efficiency,
pasok, pengelolaan limbah kemasan, serta tanggung           packaging waste management, and social responsibility
jawab sosial terhadap tenaga kerja dan komunitas.           toward the workforce and surrounding communities.
Berbagai program dan aktivitas Tanggung Jawab               Various Corporate Social Responsibility (CSR) programs
Sosial dan Lingkungan (TJSL) dilaksanakan untuk             and activities are implemented to create positive change
menghadirkan perubahan positif bagi lingkungan,             for the environment, employees, local communities, and
karyawan, masyarakat sekitar, dan pelanggan, sekaligus      customers, while reinforcing the Company’s reputation
memperkuat reputasi usaha yang bertanggung jawab.           as a responsible business.



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                                              Adapun strategi keberlanjutan yang dijalankan                The Company’s sustainability strategy includes the
                                              Perseroan mencakup:                                          following:
                                              •   Mengidentifikasi, mengelola, dan memitigasi risiko-      •    Identifying, managing, and mitigating business risks
                                                  risiko usaha terkait lingkungan, sosial, dan ekonomi.         related to environmental, social, and economic
                                              •   Mengembangkan           program     dan      kebijakan        aspects.
                                                  keberlanjutan yang relevan dengan karakteristik          •    Developing sustainability programs and policies
                                                  industri ritel dan pola bisnis Perseroan.                     that are relevant to the characteristics of the retail
                                              •   Mendorong transformasi dan inovasi berkelanjutan              industry and the Company’s business model.
                                                  seperti digitalisasi proses operasional dan              •    Encouraging sustainable transformation and
                                                  optimalisasi energi.                                          innovation, such as the digitalization of operational
                                              •   Membangun kolaborasi yang positif dengan                      processes and energy optimization.
                                                  berbagai pihak dan pemangku kepentingan                  •    Building positive collaboration with various parties
                                                  untuk mengakselerasi penerapan prinsip-prinsip                and stakeholders to accelerate the implementation
                                                  keberlanjutan.                                                of sustainability principles.
                                              •   Mendorong keterlibatan konsumen dan pemangku             •    Encouraging       consumer       and      stakeholder
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                                  kepentingan melalui edukasi dan ajakan untuk                  engagement through education and initiatives that
                                                  menerapkan perilaku konsumsi yang bertanggung                 promote responsible consumption behavior.
                                                  jawab.




                                              Nilai Keberlanjutan                                             [POJK A.3a]

                                              Sustainability Values




                                                                                          T                          P
                                                                                                                      EO
                                                                                  FI
                                                                              PR O




                                                                                                                         P   LE




                                                                                              PLANET




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Perubahan Signifikan
di Tahun Buku                                 [POJK A.3f]

Significant Changes During the Fiscal Year



Sepanjang tahun 2025, tidak terdapat perubahan              Throughout 2025, the Company did not experience or
signifikan yang dilakukan dan dialami Perseroan.            implement any significant changes.




                                                                                                                              Corporate Social Responsibility (CSR)
                                                                                                                              Tanggung Jawab Sosial dan Lingkungan (TJSL)
Penjelasan Direksi                                           [POJK A.4]

Directors’ Explanation


KEBIJAKAN MERESPONS TANTANGAN                               POLICIES FOR RESPONDING TO
DALAM PEMENUHAN STRATEGI                                    CHALLENGES IN IMPLEMENTING THE
KEBERLANJUTAN [POJK A.4a]                                   SUSTAINABILITY STRATEGY [POJK A.4a]

Dalam menjalankan strategi keberlanjutan, Perseroan         In implementing its sustainability strategy, the Company
berpedoman pada prinsip-prinsip Triple Bottom Line          adheres to the principles of the Triple Bottom Line
(People, Profit, dan Planet) dengan menempatkan             (People, Profit, and Planet) by positioning sustainability
keberlanjutan sebagai bagian integral dari strategi         as an integral part of its long-term business strategy.
bisnis jangka panjang. Oleh karena itu, nilai-nilai         Accordingly, the sustainability values upheld by the
keberlanjutan yang dianut Perseroan juga diperkuat          Company are strengthened by principles of integrity,
dengan prinsip integritas, penerapan GCG, pengelolaan       the implementation of Good Corporate Governance
risiko yang pruden, serta komitmen untuk menciptakan        (GCG), prudent risk management, and a commitment to
pertumbuhan yang bertanggung jawab dan inklusif.            fostering responsible and inclusive growth.

Dalam merespons berbagai isu dan tantangan                  In responding to various issues and challenges related
terkait penerapan praktik keberlanjutan, Perseroan          to the implementation of sustainability practices, the
secara proaktif memperkuat kebijakan internal dan           Company proactively strengthens its internal policies and
mengintegrasikan aspek Environmental, Social, and           integrates Environmental, Social, and Governance (ESG)
Governance (ESG) ke dalam proses perencanaan                aspects into its strategic planning and risk management
strategis dan manajemen risiko. Setiap pengambilan          processes. Every business decision takes into
keputusan bisnis mempertimbangkan potensi dampak            consideration the potential impact on the environment
terhadap lingkungan dan masyarakat. Perseroan               and society. The Company also enhances transparency
juga meningkatkan transparansi melalui penyusunan           through the periodic preparation of sustainability reports
laporan keberlanjutan secara berkala guna memastikan        to ensure compliance with regulatory requirements as
kepatuhan terhadap regulasi serta ekspektasi pemangku       well as the evolving expectations of stakeholders.
kepentingan yang terus berkembang.

Komitmen Perseroan terhadap penerapan praktik               The Company’s commitment to sustainability is reflected
keberlanjutan diwujudkan melalui keterlibatan aktif         in the active oversight of the Board of Directors and the
Direksi dan Dewan Komisaris dalam pengawasan                Board of Commissioners, who evaluate sustainability
dan evaluasi strategi keberlanjutan, penyediaan             strategies, allocate resources, and strengthen internal
sumber daya yang memadai, serta pengembangan                capacity through enhanced ESG-related competencies.




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                                              kapasitas internal melalui peningkatan kompetensi di       During the reporting period, the Company achieved
                                              bidang ESG. Sepanjang periode pelaporan, Perseroan         several positive outcomes, including the integration
                                              mencatat sejumlah capaian positif dalam penerapan          of ESG considerations into risk management and
                                              praktik keberlanjutan, antara lain integrasi aspek ESG     operational policies, improved efficiency in energy and
                                              dalam kebijakan manajemen risiko dan operasional,          resource utilization, the implementation of corporate
                                              peningkatan efisiensi penggunaan energi dan sumber         social responsibility programs, and no material violations
                                              daya, pelaksanaan program tanggung jawab sosial, serta     of environmental regulations or governance provisions.
                                              tidak adanya pelanggaran signifikan terhadap regulasi
                                              lingkungan maupun ketentuan tata kelola.

                                              Dalam penerapannya, Perseroan juga menghadapi              In practice, the Company also faces various challenges,
                                              berbagai tantangan, termasuk dinamika perkembangan         including evolving regulations and sustainability
                                              regulasi dan standar keberlanjutan, alokasi investasi      standards, the relatively high initial investment required
                                              awal yang cukup besar untuk penerapan teknologi dan        for implementing environmentally friendly technologies
                                              inisiatif ramah lingkungan, serta peningkatan ekspektasi   and initiatives, as well as increasing stakeholder
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              pemangku kepentingan terhadap transparansi dan             expectations regarding transparency and accountability.
                                              akuntabilitas. Untuk menjawab tantangan tersebut,          To address these challenges, the Company continues to
                                              Perseroan terus melakukan penyempurnaan kebijakan,         refine its policies, strengthen systems and processes,
                                              penguatan sistem dan proses, serta membangun               and build strategic collaborations to ensure that its
                                              kolaborasi strategis guna memastikan bahwa strategi        sustainability strategy can be implemented consistently
                                              keberlanjutan      dapat    diimplementasikan     secara   and deliver long-term value for all stakeholders.
                                              konsisten dan memberikan nilai tambah jangka panjang
                                              bagi seluruh pemangku kepentingan.



                                              PENERAPAN PRAKTIK KEBERLANJUTAN                            IMPLEMENTATION OF SUSTAINABILITY
                                              [POJK A.4b]                                                PRACTICES [POJK A.4b]

                                              Sepanjang 2025, Perseroan mencatat capaian kinerja         Throughout 2025, the Company recorded sustainability
                                              keberlanjutan yang menunjukkan kemajuan positif            performance achievements that demonstrate positive
                                              dibandingkan dengan tahun sebelumnya.                      progress compared to the previous year.

                                              Dari aspek ekonomi, Perseroan berhasil menjaga             From an economic perspective, the Company
                                              kinerja keuangan yang sehat dan berkelanjutan,             successfully maintained healthy and sustainable
                                              mempertahankan profitabilitas yang stabil, serta           financial performance, sustained stable profitability, and
                                              meningkatkan kontribusi terhadap perekonomian              increased its contribution to the economy through job
                                              melalui penyerapan tenaga kerja dan pembayaran             creation and the fulfillment of its obligations to the state.
                                              kewajiban kepada negara.

                                              Dari aspek sosial, Perseroan merealisasikan program        From a social perspective, the Company implemented
                                              tanggung jawab sosial dan pemberdayaan masyarakat          corporate social responsibility and community
                                              secara berkesinambungan sesuai dengan ruang lingkup        empowerment programs on a continuous basis in line
                                              kegiatan dan tujuan bisnis Perseroan. Program-program      with the scope of its activities and business objectives.
                                              yang dijalankan berfokus pada peningkatan kualitas         These programs focused on improving the quality of
                                              pendidikan, kesehatan, pengembangan ekonomi lokal,         education and healthcare, supporting local economic
                                              serta peningkatan kompetensi karyawan. Pada 2025,          development, and enhancing employee competencies.
                                              90% karyawan telah berpartisipasi aktif dalam pelatihan    In 2025, 90% of employees actively participated in
                                              dan pengembangan kompetensi dengan rata-rata               training and competency development programs, with
                                              jam pelatihan sebanyak 9 (sembilan) jam per orang.         an average of 9 (nine) training hours per employee. The
                                              Perseroan mencatat adanya 7 (tujuh) kasus kecelakaan       Company recorded 7 (seven) workplace accident cases
                                              kerja pada 2025, dan seluruhnya dapat tertangani           in 2025, all of which were properly handled. There were
                                              dengan baik. Tidak terdapat pelanggaran signifikan         no significant violations related to human rights or labor
                                              terkait hak asasi manusia maupun ketenagakerjaan.          practices. Through FiberStar, the Company also provided
                                              Melalui FiberStar, Perseroan juga turut memberikan         logistical assistance and basic necessities to victims of
                                              bantuan logistik dan kebutuhan dasar kepada korban         floods and landslides in Sukabumi and Sumatra.
                                              bencana banjir dan tanah longsor di Sukabumi dan
                                              Sumatra.




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Sementara itu, dari aspek lingkungan hidup, Perseroan       Meanwhile, from an environmental perspective, the
terus meningkatkan upaya efisiensi energi dan               Company continued to enhance efforts to improve
optimalisasi penggunaan sumber daya, termasuk               energy efficiency and optimize resource utilization,
pengurangan intensitas penggunaan energi dan                including reducing energy intensity and strengthening
peningkatan praktik pengelolaan limbah yang lebih           responsible waste management practices. In 2025, the
bertanggung jawab. Pada 2025, Perseroan mencatat            Company recorded a 5.76% increase in total energy
kenaikan konsumsi energi sebesar 5,76%, namun di sisi       consumption. However, energy intensity decreased
lain, intensitas energi berhasil turun sebesar 11,29%.      by 11.29%. Meanwhile, total greenhouse gas (GHG)
Sementara itu, jumlah emisi GRK tercatat meningkat          emissions increased by 15.35%, while GHG emissions
sebesar 15,35%, namun intensitas emisi GRK menurun          intensity declined by 3.24%.
sebesar 3,24%.



STRATEGI PENCAPAIAN TARGET                                  STRATEGY FOR ACHIEVING TARGETS
[POJK A.4c]                                                 [POJK A.4c]




                                                                                                                            Corporate Social Responsibility (CSR)
                                                                                                                            Tanggung Jawab Sosial dan Lingkungan (TJSL)
Dalam mengelola risiko atas penerapan praktik               The Company integrates ESG considerations into its
keberlanjutan, Perseroan senantiasa mengintegrasikan        enterprise risk management framework to manage
faktor ESG ke dalam kerangka manajemen risiko               risks associated with sustainability practices. From an
perusahaan.      Dari   sisi   lingkungan,      Perseroan   environmental standpoint, the Company addresses
mengantisipasi risiko pencemaran lingkungan dan bisnis      potential risks of environmental pollution and
melalui perumusan kebijakan yang terstandardisasi dan       operational disruption through the establishment of
kontrol kualitas yang ketat. Dari aspek sosial, Perseroan   standardized policies and rigorous quality control.
senantiasa mengantisipasi risiko kesenjangan kapasitas      From a social standpoint, the Company manages risks
dan kapabilitas SDM dengan terus meningkatkan               related to gaps in workforce capacity and capability
kualitas tata kelola SDM dan risiko aspek K3 dengan         by strengthening human capital governance and
menerapkan prosedur K3 dengan disiplin. Sementara           maintaining strict adherence to occupational health
dalam aspek tata kelola, Perseroan berupaya memitigasi      and safety procedures. From a governance standpoint,
risiko ketidakpatuhan atas regulasi yang berlaku            the Company mitigates regulatory non-compliance
dengan senantiasa memastikan pemenuhan kepatuhan            risk by ensuring full adherence to applicable laws and
terhadap seluruh regulasi yang berlaku.                     regulations.

Perseroan senantiasa mencermati situasi eksternal           The Company continuously monitors external
yang berpotensi memengaruhi keberlanjutan usaha.            developments that may affect business sustainability.
Namun, di sisi lain, Perseroan juga aktif memanfaatkan      At the same time, the Company actively leverages
peluang dan prospek usaha yang sejalan dengan prinsip       business opportunities and prospects that align with
keberlanjutan. Peningkatan kesadaran masyarakat             sustainability principles. The growing public awareness
terhadap produk dan layanan yang bertanggung jawab          of environmentally and socially responsible products
secara lingkungan dan sosial menjadi peluang strategis      and services presents a strategic opportunity to
untuk memperkuat posisi Perseroan di industri.              strengthen the Company’s position within the industry.




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                                              Tata Kelola Keberlanjutan                                                            [POJK A.5]

                                              Sustainability Governance



                                              PENANGGUNG    JAWAB   PENERAPAN                             RESPONSIBLE       PARTIES FOR THE
                                              KEUANGAN BERKELANJUTAN [POJK A.5a]                          IMPLEMENTATION OF SUSTAINABLE
                                                                                                          FINANCE [POJK A.5a]

                                              Pengelolaan aspek lingkungan, sosial, dan tata kelola       The management of environmental, social, and
                                              (LST) dilakukan secara holistik dengan melibatkan           governance (ESG) aspects is carried out holistically
                                              fungsi dan peran seluruh organ tata kelola dengan           by optimally involving the functions and roles of all
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              optimal. Direksi dan Dewan Komisaris berperan sebagai       governance bodies. The Board of Directors and the
                                              pengelola, penanggung jawab, dan pengawas atas              Board of Commissioners serve as the managers,
                                              integrasi prinsip-prinsip keberlanjutan dalam kegiatan      responsible parties, and supervisors for the integration
                                              usaha Perseroan. Secara berkala, isu keberlanjutan,         of sustainability principles into the Company’s business
                                              risiko LST, evaluasi strategi dan penerapan praktik         activities. Sustainability issues, ESG risks, evaluations
                                              berkelanjutan dibahas secara komprehensif dalam             of strategies, and the implementation of sustainable
                                              rapat Direksi, rapat gabungan Dewan Komisaris dan           practices are discussed comprehensively on a regular
                                              Direksi, serta rapat antar unit kerja.                      basis in meetings of the Board of Directors, joint
                                                                                                          meetings of the Board of Commissioners and the Board
                                                                                                          of Directors, as well as meetings among work units.

                                              Sebagai perusahaan nonoperasional, Perseroan tidak          As a non-operating company, the Company does not
                                              membentuk unit khusus yang membidangi program-              establish a specific unit dedicated to sustainability
                                              program dan inisiatif keberlanjutan. Pengawasan dan         programs and initiatives. Oversight and implementation
                                              pelaksanaan komitmen keberlanjutan berada di bawah          of sustainability commitments are carried out under
                                              Direksi dan Dewan Komisaris, dengan dukungan unit           the supervision of the Board of Directors and the Board
                                              kerja terkait. Di entitas anak, seluruh kegiatan tanggung   of Commissioners, with support from relevant work
                                              jawab sosial dan lingkungan dikelola oleh Departemen        units. Within the subsidiary, all corporate social and
                                              Corporate Marketing Communication. Detail informasi         environmental responsibility activities are managed by
                                              mengenai struktur dan pelaksanaan disajikan pada            the Corporate Marketing Communication Department.
                                              bagian “Tata Kelola Perusahaan” dalam Laporan               Detailed information regarding the structure and
                                              Tahunan Terintegrasi ini.                                   implementation is presented in the “Corporate
                                                                                                          Governance” section of this Integrated Annual Report.



                                              PENGEMBANGAN KOMPETENSI TERKAIT                             COMPETENCY DEVELOPMENT RELATED
                                              KEUANGAN BERKELANJUTAN [POJK A.5b]                          TO SUSTAINABLE FINANCE [POJK A.5b]

                                              Perseroan berkomitmen untuk menyediakan akses dan           The Company is committed to providing broad access and
                                              kesempatan yang luas bagi seluruh karyawan dalam            opportunities for all employees to develop competencies
                                              mengembangkan kompetensi dan pemahaman terkait              and understanding related to sustainable business
                                              praktik bisnis berkelanjutan. Setiap karyawan berhak        practices. Every employee has the right to deepen their
                                              memperdalam pengetahuan dan mengembangkan diri              knowledge and enhance their capabilities through
                                              melalui berbagai bentuk pelatihan dan kegiatan, baik        various forms of training and activities, both internal
                                              internal dan eksternal, guna mendukung peningkatan          and external, in order to strengthen their capacity and
                                              kapasitas dan kontribusinya terhadap kemajuan               contribution to the Company’s development.
                                              Perseroan.

                                              Sepanjang tahun 2025, beberapa anggota Direksi telah        During 2025, several members of the Board of Directors
                                              mengikuti pelatihan khusus mengenai Pengelolaan             attended specialized training on ESG Impact and Risk
                                              Dampak dan Risiko ESG dalam Investasi Alam dan              Management in Nature and Climate Investments to
                                              Iklim, guna memperkuat kemampuan mereka dalam               strengthen their strategic capabilities in managing
                                              mengelola aspek lingkungan, sosial, dan tata kelola         environmental, social, and governance considerations.
                                              secara strategis. Di sisi lain, karyawan yang membawahi     At the same time, employees within the Corporate



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Divisi Corporate Secretary juga aktif mengikuti berbagai                Secretary Division participated in a range of training
program pelatihan dan kegiatan yang fokus pada                          programs and activities focused on sustainable
keuangan berkelanjutan. Informasi lebih rinci mengenai                  finance. Additional details regarding the scope and
jenis dan pelaksanaan pelatihan ini dapat dilihat pada                  implementation of these programs are presented in
Bab “Tata Kelola Perusahaan” dalam Laporan Tahunan                      the “Corporate Governance” chapter of this Integrated
Terintegrasi ini.                                                       Annual Report.



PROSEDUR    PENGELOLAAN       RISIKO                                    RISK MANAGEMENT PROCEDURES FOR
ATAS     PENERAPAN        KEUANGAN                                      THE IMPLEMENTATION OF SUSTAINABLE
BERKELANJUTAN [POJK A.5c]                                               FINANCE [POJK A.5c]

Perseroan telah memetakan risiko-risiko keberlanjutan                   The Company has identified sustainability-related
yang mencakup aspek lingkungan hidup, sosial, dan                       risks across environmental, social, and governance
tata kelola untuk menerapkan pengelolaan risiko yang                    (ESG) aspects to implement targeted and effective risk




                                                                                                                                               Corporate Social Responsibility (CSR)
                                                                                                                                               Tanggung Jawab Sosial dan Lingkungan (TJSL)
tepat dan terarah. Direksi dan Dewan Komisaris terlibat                 management practices. The Board of Directors and the
secara aktif dan komprehensif dalam mengelola,                          Board of Commissioners actively oversee and periodically
menelaah, meninjau, dan mengevaluasi efektivitas                        review, assess, and evaluate the effectiveness of the
proses manajemen risiko Perseroan. Sejumlah risiko                      Company’s risk management processes. ESG-related
terkait LST yang dinilai dapat menimbulkan dampak                       risks considered to have a significant impact on the
dan pengaruh signifikan terhadap kelangsungan usaha                     Company’s long-term business sustainability include:
Perseroan adalah:

           Topik           Indikator Risiko Utama                                           Mitigasi
           Topic             Key Risk Indicators                                            Mitigation

 Lingkungan
 Environment
 Risiko Pencemaran       Konstruksi kabel serat         •   Membuat kebijakan dan prosedur tentang standardisasi, spesifikasi
 Lingkungan              optik yang tidak benar, baik       pembangunan, dan konstruksi kabel.
                         Kabel Udara (KU) maupun        •   Memastikan vendor melakukan pekerjaannya sesuai standar dan spesifikasi
                         Kabel Tanah (KT)                   yang ditentukan dengan melakukan pengawasan rutin selama proses
                                                            pembangunan.
                                                        •   Memasukkan klausul tentang jaminan dan denda dalam perjanjian dalam hal
                                                            hasil pekerjaan vendor tidak sesuai dengan standardisasi atau spesifikasi yang
                                                            telah ditetapkan.

 Risk of Environmental   Improper construction of       •   Make policies and procedures on standardization, construction specifications,
 pollution               fiber optic cables, both           and cable construction.
                         Aerial Cables (AC) and         •   Ensure vendors do their work according to the specified standards and
                         Ground Cables (GTC)                specifications by conducting routine supervision during the construction
                                                            process.
                                                        •   Have clauses on guarantees and fines in the agreement in the event that
                                                            the vendor's work results do not comply with the specified standards or
                                                            specifications.
 Risiko Bisnis           Aksi korporasi pesaing         •   Fokus pada key value proposition Perusahaan yaitu Net Neutrality
                         dalam menjalankan              •   Meningkatkan kepuasan dan pengalaman pelanggan dengan membangun
                         business convergence               loyalitas yang mendalam melalui layanan personal dan berkualitas tinggi
                         strategy                       •   Fokus pada kualitas dan pengelolaan efisiensi operasional

 Risk Business           Competitors’ corporate         •   Focus on the Company’s key value proposition, namely Net Neutrality
                         actions in implementing        •   Improve customer satisfaction and experience by building deep loyalty through
                         a business convergence             personalized, high-quality service
                         strategy                       •   Focus on quality and operational efficiency management
 Sosial
 Social
 Risiko kesenjangan      Persaingan pasar               Membentuk Komite Sumber Daya Manusia yang bertanggung jawab untuk
 kapasitas dan           tenaga kerja di industri       mengidentifikasi kebutuhan, keterampilan, dan kemampuan karyawan, serta
 kapabilitas SDM         telekomunikasi                 dapat mengembangkan jalur karier dan mengidentifikasi talenta dan potensi
                                                        karyawan.

 Risk of gaps in         Labor market competition       Set up a Human Resources Committee that is responsible for identifying employee
 HR capacity and         in the telecommunications      needs, skills and abilities, and capable of developing career paths and identify
 capabilities            industry                       employee talents and potential.




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                                                        Topik                   Indikator Risiko Utama                                          Mitigasi
                                                        Topic                     Key Risk Indicators                                           Mitigation

                                               Risiko Keselamatan           Ketidakpatuhan dan              •   Membuat kebijakan dan prosedur K3, khususnya saat melakukan pekerjaan
                                               dan Kesehatan Kerja          kelalaian saat melakukan            konstruksi.
                                               (K3)                         pekerjaan konstruksi            •   Melakukan tinjauan dan penilaian terhadap kelengkapan dan fasilitas K3
                                                                                                                vendor.
                                                                                                            •   Melakukan sosialisasi K3 kepada pemangku kepentingan baik internal maupun
                                                                                                                eksternal secara berkesinambungan.

                                               Occupational Safety          Non-compliance and              •   Make OHS policies and procedures, especially when carrying out construction
                                               and Health (OHS) Risks       negligence in Construction          work.
                                                                            work                            •   Conduct reviews and assessments of vendor OHS completeness and facilities.
                                                                                                            •   Conduct routine OHS socialization to internal and external stakeholders.
                                               Tata Kelola
                                               Governance
                                               Risiko ketidakpatuhan        Ketidakpastian atas             •   Membentuk Unit Government Relations sebagai jembatan terhadap
                                               terhadap regulasi            perubahan, penafsiran, dan          pelaksanaan peraturan dan perundangan yang berlaku.
                                               yang berlaku                 penerapan peraturan dan         •   Melakukan tinjauan dan penilaian terhadap peraturan dan perundangan baru
                                                                            perundangan yang berlaku            secara berkesinambungan oleh Unit Legal & Compliance.
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                                                                                            •   Melakukan sosialisasi terhadap peraturan dan perundangan baru yang berlaku
                                                                                                                kepada para pemangku kepentingan secara berkesinambungan.

                                               Risk failure to comply       Uncertainty over                •   Set up a Government Relations Unit as a bridge to the implementation of
                                               with applicable              changes, interpretations            applicable laws and regulations.
                                               regulations                  and implementation              •   Continuously review and assess new regulations and legislation by the Legal &
                                                                            of applicable laws and              Compliance Unit.
                                                                            regulations                     •   Continuously disseminate new regulations and legislation that apply to
                                                                                                                stakeholders.




                                              HUBUNGAN      DENGAN                               PEMANGKU                    STAKEHOLDER ENGAGEMENT [POJK A.5d]
                                              KEPENTINGAN [POJK A.5d]

                                              Pemangku kepentingan memegang peran penting dalam                              Stakeholders play an important role in shaping the
                                              menentukan arah dan strategi keberlanjutan Perseroan.                          Company’s sustainability direction and strategy.
                                              Untuk itu, Perseroan secara konsisten membangun                                Therefore, the Company consistently seeks to build
                                              hubungan yang harmonis dan saling menguntungkan                                harmonious and mutually beneficial relationships
                                              dengan seluruh pemangku kepentingan, sekaligus                                 with all stakeholders, while striving to address their
                                              berupaya memenuhi harapan dan kebutuhan mereka                                 expectations and needs appropriately.
                                              secara tepat.

                                              Perseroan mengelompokkan pemangku kepentingan                                  The Company categorizes stakeholders based on their
                                              berdasarkan tingkat kedekatan dan urgensi, sehingga                            level of proximity and urgency, enabling it to prioritize
                                              dapat memprioritaskan keterlibatan secara efektif.                             engagement more effectively. Through this engagement
                                              Melalui proses pelibatan ini, Perseroan memperoleh                             process, the Company gains a better understanding of
                                              pemahaman yang lebih baik mengenai ekspektasi para                             stakeholder expectations, which subsequently serves
                                              pemangku kepentingan, yang kemudian menjadi dasar                              as the basis for formulating relevant sustainability
                                              dalam merumuskan strategi dan inisiatif keberlanjutan                          strategies and initiatives. The following table presents
                                              yang relevan. Berikut adalah tabel klasifikasi hubungan                        the classification of the Company’s relationships with
                                              Perseroan dengan berbagai pemangku kepentingan:                                various stakeholders:

                                                   Pemangku
                                                                           Metode Pelibatan               Frekuensi Pelibatan                 Perhatian Utama dan Ekspektasi
                                                  Kepentingan
                                                                          Engagement Method              Engagement Frequency                  Main Concerns and Expectations
                                                  Stakeholder
                                               Investor,                RUPST                        1 (satu) kali setahun        •   Pencapaian kinerja dan realisasi target operasional
                                               Pemegang Saham           AGMS                         Once a year                      bisnis
                                               Investor,                                                                          •   Perubahan kepengurusan manajemen
                                               Shareholder              RUPSLB                       Sesuai kebutuhan             •   Pembayaran dividen
                                                                        EGMS                         As needed                    •   Informasi yang akurat dan terkini terkait aksi korporasi
                                                                        Paparan Publik               Minimal 1 (satu) kali            dan arahan strategis
                                                                        Public Disclosure            setahun                      •   Rencana dan reputasi perusahaan
                                                                                                     At least once a year         •   Informasi material baik dari segi bisnis, tata kelola, dan
                                                                                                                                      dampak Perseroan terhadap lingkungan, masyarakat,
                                                                                                                                      dan ekonomi selama tahun buku pelaporan




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      Pemangku
                         Metode Pelibatan            Frekuensi Pelibatan                    Perhatian Utama dan Ekspektasi
     Kepentingan
                        Engagement Method           Engagement Frequency                     Main Concerns and Expectations
     Stakeholder
                     Laporan Tahunan dan           1 (satu) kali setahun        •   Achievement of performance and realization of
                     Laporan Keberlanjutan         Once a year                      operational business targets
                     Annual Report and                                          •   Changes in management
                     Sustainability Report                                      •   Dividend payments
                                                                                •   Accurate and up-to-date information regarding
                     Laporan Keuangan              Triwulanan, semesteran,          corporate actions and strategic directions
                     Financial Statements          tahunan                      •   Company plans and reputation
                                                   Quarterly, semi-annually,    •   Material information in terms of business, governance,
                                                   annually                         and the Company’s impact on the environment, society,
                                                                                    and economy during the reporting fiscal year
 Konsumen,           Situs web                     Setiap saat                  •   Kualitas dan keamanan produk
 Pelanggan           Website                       Every moment                 •   Pengaduan konsumen atas produk dan layanan
 Consumer,                                                                      •   Informasi produk yang transparan
 Customer            Media Sosial                  Setiap saat
                     Social media                  Every moment                 •   Product quality and safety
                     Iklan media cetak, digital,   Setiap saat                  •   Consumer complaints about products and services
                     elektronik                    Every moment                 •   Transparent product information




                                                                                                                                                  Corporate Social Responsibility (CSR)
                                                                                                                                                  Tanggung Jawab Sosial dan Lingkungan (TJSL)
                     Print, digital, and
                     electronic advertising
                     Layanan konsumen              Setiap saat
                     Customer service              Every moment
                     Survei kepuasan               1 (satu) kali setahun
                     Pelanggan                     Once a year
                     Customer satisfaction
                     surveys
 Karyawan            Townhall meeting              Sesuai kebutuhan             •   Program pengembangan kompetensi dan karier
 Employee                                          As needed                        karyawan
                     Pelatihan                                                  •   Evaluasi kinerja karyawan
                     Training                                                   •   Remunerasi karyawan
                     Seminar                                                    •   Sarana dan fasilitas K3
                                                                                •   Hubungan industrial yang harmonis
                                                                                •   Sosialisasi kebijakan, peraturan dan hal-hal lainnya yang
                                                                                    diperlukan dalam rangka mendukung kegiatan bisnis

                                                                                •   Employee competency and career development
                                                                                    programs
                                                                                •   Employee performance evaluation
                                                                                •   Employee remuneration
                                                                                •   K3 facilities and infrastructure
                                                                                •   Harmonious industrial relations
                                                                                •   Socialization of policies, regulations and other matters
                                                                                    required to support business activities
 Regulator           Pemenuhan kewajiban           Sesuai kebutuhan             •   Pemenuhan kewajiban sebagai perusahaan publik
                     regulasi                      As needed                    •   Penyampaian laporan atau publikasi rutin dan insidental
                     Compliance with                                                sesuai peraturan yang berlaku
                     regulatory obligations                                     •   Kepatuhan terhadap peraturan dan hukum yang
                                                                                    berlaku, khususnya yang terkait dengan industri ritel
                     Korespondensi                 Sesuai periode yang              dan pasar modal
                     Correspondence                Ditentukan
                                                   According to the specified   •   Fulfillment of obligations as a public company
                                                   period                       •   Submission of routine and ad hoc reports and
                     Keterbukaan Informasi         Sesuai kebutuhan                 publications in accordance with applicable regulations
                     Information Disclosure        As needed                    •   Compliance with applicable regulations and laws,
                                                                                    particularly those related to the retail industry and
                                                                                    capital markets
 Mitra Kerja,        Kontrak dan                   Sesuai kebutuhan             •   Mekanisme pengadaan barang dan jasa secara wajar
 Vendor              perjanjian kerja              As needed                    •   Transparansi proses seleksi pengadaan barang dan jasa
 Business Partner,   Contracts and                                              •   Termin pembayaran yang tepat waktu sesuai perjanjian
 Vendor              employment agreements                                          kerja sama
                     Sosialisasi kebijakan         Secara berkala               •   Fair procurement mechanism for goods and services
                     internal terkait              Periodically                 •   Transparency of the procurement selection process for
                     pengadaan barang dan                                           goods and services
                     jasa                                                       •   Timely payment terms according to the cooperation
                     Socialization of internal                                      agreement
                     policies related to the
                     procurement of goods
                     and services
 Komunitas,          Pertemuan dan diskusi         Sesuai kebutuhan             •   Membangun citra dan branding perusahaan
 Asosiasi            tematik                       As needed                    •   Memperluas koneksi atau hubungan kerja sama dengan
 Community,          Thematic meetings and                                          para profesional
 Associate           discussions
                                                                                •   Building company image and branding
                                                                                •   Expanding connections or working relationships with
                                                                                    professionals




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                                                   Pemangku
                                                                       Metode Pelibatan      Frekuensi Pelibatan               Perhatian Utama dan Ekspektasi
                                                  Kepentingan
                                                                      Engagement Method     Engagement Frequency                Main Concerns and Expectations
                                                  Stakeholder
                                               Masyarakat          Siaran pers             Sesuai kebutuhan        •   Pemberian bantuan kepada masyarakat melalui
                                               Public              Press releases          As needed                   program CSR
                                                                                                                   •   Pembukaan lapangan pekerjaan
                                                                   Kegiatan CSR
                                                                   CSR activities                                  •   Providing assistance to the surrounding community
                                                                                                                       through CSR programs
                                                                                                                   •   Opening employment opportunities




                                              PERMASALAHAN TERHADAP PENERAPAN                                 CHALLENGES IN THE IMPLEMENTATION
                                              PRAKTIK KEBERLANJUTAN [POJK A.5e]                               OF SUSTAINABILITY PRACTICES [POJK A.5e]

                                              Penerapan praktik keberlanjutan hanya dapat berjalan            The effective implementation of sustainability
                                              efektif apabila seluruh karyawan memiliki kesadaran,            practices requires awareness, understanding, and
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              pemahaman, dan partisipasi aktif dalam melaksanakan             active participation from all employees in executing
                                              inisiatif yang berkelanjutan. Dari sisi internal, Perseroan     sustainable initiatives. Internally, the Company
                                              menyadari masih terdapat perbedaan tingkat                      acknowledges varying levels of knowledge, competence,
                                              pengetahuan, kompetensi, dan pemahaman antar                    and understanding among employees regarding the
                                              karyawan terkait penerapan aspek LST dalam aktivitas            application of environmental, social, and governance
                                              operasional sehari-hari. Kondisi ini menyebabkan                (ESG) principles in daily operations. These disparities
                                              strategi keberlanjutan belum dapat diimplementasikan            have limited the consistent execution of the Company’s
                                              secara optimal di seluruh lini.                                 sustainability strategy across all organizational functions.

                                              Untuk mengatasi hal tersebut, Perseroan mengambil               To address this issue, the Company has taken a more
                                              langkah lebih proaktif dengan memperluas sosialisasi            proactive approach by expanding the socialization of
                                              inisiatif keberlanjutan serta menyediakan berbagai              sustainability initiatives and providing various training
                                              program pelatihan yang relevan dengan praktik bisnis            programs relevant to sustainable business practices.
                                              berkelanjutan. Upaya ini diarahkan untuk membangun              These efforts are aimed at building a more uniform
                                              pemahaman yang lebih merata dan meningkatkan                    understanding and enhancing employees’ capabilities
                                              kemampuan karyawan dalam menerapkan prinsip LST.                in implementing ESG principles. Despite these internal
                                              Meskipun tantangan internal masih ada, Perseroan tetap          challenges, the Company remains optimistic that
                                              optimis bahwa melalui peningkatan literasi, kesadaran,          through improved literacy, awareness, and employee
                                              dan keterlibatan karyawan, efektivitas penerapan                engagement, the effectiveness of the sustainability
                                              strategi keberlanjutan akan terus meningkat dari waktu          strategy will continue to improve over time.
                                              ke waktu.




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Kinerja Keberlanjutan                                                     [POJK A.6]

Sustainability Performance



KEGIATAN   MEMBANGUN                         BUDAYA          ACTIVITIES TO BUILD A SUSTAINABILITY
KEBERLANJUTAN [POJK A.6a]                                    CULTURE [POJK A.6a]

Perkembangan budaya keberlanjutan perlu didukung             The development of a sustainability culture needs
oleh integrasi sumber daya dan pengelolaan kegiatan          to be supported by the integration of resources and
usaha secara optimal dengan memperhatikan                    the optimal management of business activities while
keseimbangan aspek lingkungan, sosial, dan ekonomi.          maintaining a balance among environmental, social,




                                                                                                                                 Corporate Social Responsibility (CSR)
                                                                                                                                 Tanggung Jawab Sosial dan Lingkungan (TJSL)
Untuk mencapai tujuan tersebut, Perseroan mendorong          and economic aspects. To achieve this objective, the
seluruh karyawan dan pihak terkait untuk berperan            Company encourages all employees and relevant
aktif dalam menjalankan berbagai gerakan dan inisiatif       parties to actively participate in carrying out various
keberlanjutan secara konsisten dan berkelanjutan.            sustainability initiatives and movements in a consistent
                                                             and continuous manner.

Dalam upaya memperkuat implementasi praktik                  In strengthening the implementation of sustainability
keberlanjutan, Perseroan menjalankan sejumlah                practices, the Company carries out several programs
program yang disesuaikan dengan relevansi dan                that are aligned with the relevance and characteristics
karakteristik bisnisnya, antara lain:                        of its business, including:
•   Pemenuhan tanggung jawab terhadap konsumen               •    Fulfilling responsibilities toward consumers
•   Pelaksanaan program tanggung jawab sosial dan            •    Pelaksanaan Implementing Corporate Social
    lingkungan (TJSL)                                             Responsibility (CSR) programs
•   Pengelolaan lingkungan                                   •    Environmental management
•   Pengelolaan sumber daya manusia                          •    Human resource management

Untuk memastikan seluruh karyawan memahami                   To ensure that all employees understand and support
dan mendukung program tersebut, Perseroan secara             these programs, the Company regularly conducts the
rutin melakukan sosialisasi kebijakan serta budaya           socialization of sustainability policies and culture through
keberlanjutan melalui berbagai saluran komunikasi            various internal communication channels and training
internal dan kegiatan pelatihan. Materi sosialisasi          activities. The socialization materials include education
mencakup edukasi mengenai efisiensi energi,                  on energy efficiency, water usage management, as well
pengelolaan penggunaan air, serta informasi terkini          as updates on ongoing CSR programs and initiatives.
terkait program dan inisiatif TJSL yang sedang dijalankan.



KINERJA EKONOMI [POJK A.6b]                                  ECONOMIC PERFORMANCE [POJK A.6b]

Sebagai perusahaan holding investasi, kinerja Perseroan      As an investment holding company, the Company’s
terintegrasi dengan kinerja entitas anak dan entitas         performance is closely linked to that of its subsidiaries
asosiasi. Perseroan mendukung penuh entitas anak             and associate entities. The Company supports these
dan entitas asosiasi untuk beradaptasi dan berkembang        entities in adapting and expanding under diverse
dalam segala situasi. Hal ini membutuhkan penerapan          conditions by implementing appropriate strategic
langkah-langkah strategis yang tepat, termasuk               measures, including the development of products and
pengembangan produk dan jasa serta peningkatan               services and the continuous enhancement of service
kualitas pelayanan secara optimal. Tantangan demi            quality. Emerging challenges are addressed with careful
tantangan yang timbul harus disikapi dengan cermat           and timely responses to preserve business resilience
dan tangkas.                                                 and sustain long-term growth.




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                                              Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, Investasi,
                                              Pendapatan, dan Laba [POJK A.6a1]
                                              Comparison of Targets and Performance for Production, Portfolio, Financing Targets, Investment, Revenue, and Profit
                                                        Aspek            Satuan         Target di Awal Tahun 2025        Kinerja di Akhir Tahun 2025              Keterangan
                                                        Aspect            Unit        Target at the Beginning of 2025   Performance at the End of 2025             Remarks

                                               Produksi                   N/A               Tidak ditetapkan                         N/A                 Perseroan tidak melakukan
                                               Production                                   Not determined                                               kegiatan produksi.
                                                                                                                                                         The Company does not carry
                                                                                                                                                         out production activities.
                                               Portofolio Pembiayaan      N/A         100% pembiayaan korporasi           100% pembiayaan korporasi      Terealisasi
                                               atau Investasi                          100% corporate financing            100% corporate financing      Achieved
                                               Financing or
                                               Investment Portfolio
                                               Target Pembiayaan           Rp                1.018.109.133.358                  1.278.974.392.610        Terealisasi sebesar 125,62%
                                               Financing Target                                                                                          Achieved at 125.62%


                                               Investasi                   Rp                1.018.109.133.358                  1.278.974.392.610        Terealisasi sebesar 125,62%
                                               Investment                                                                                                Achieved at 125.62%
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                               Pendapatan                  Rp                1.800.025.000.000                  1.702.015.324.851        Terealisasi sebesar 94,56%
                                               Revenue                                                                                                   Achieved at 94.56%
                                               Laba                        Rp                  173.451.979.739                    71.813.814.795         Terealisasi sebesar 41,40%
                                               Profit                                                                                                    Achieved at 41.40%




                                              Perbandingan Target dan Kinerja                                           Comparison of Targets and Performance
                                              Portofolio, Target Pembiayaan, dan                                        of Portfolio, Financing Targets, and
                                              Investasi [POJK A.6a2]                                                    Investment [POJK A.6a2]
                                              Selama tahun 2025, Perseroan belum memiliki portofolio                    During 2025, the Company did not maintain a financing
                                              pembiayaan, menetapkan target pembiayaan, dan                             portfolio, set financing targets, or allocate investments
                                              menganggarkan investasi pada instrumen keuangan                           in financial instruments or projects aligned with the
                                              atau proyek yang sejalan dengan penerapan Keuangan                        implementation of Sustainable Finance. Therefore, the
                                              Berkelanjutan. Oleh sebab itu, Perseroan belum                            Company is not able to present information regarding
                                              dapat menyajikan informasi terkait perbandingan                           the comparison of targets and performance of
                                              target dan kinerja portofolio, target pembiayaan, atau                    portfolios, financing targets, or investments in financial
                                              investasi pada instrumen keuangan atau proyek yang                        instruments or projects aligned with Sustainable Finance
                                              sejalan dengan penerapan Keuangan Berkelanjutan                           implementation as regulated by the Financial Services
                                              sebagaimana diregulasi oleh OJK.                                          Authority (OJK).



                                              KINERJA SOSIAL [POJK A.6c]                                                SOCIAL PERFORMANCE [POJK A.6c]

                                              Komitmen Memberikan Layanan Produk                                        Commitment to Providing Equal Product
                                              dan Jasa yang Setara [POJK A.6c1]                                         and Service Acces [POJK A.6c1]
                                              Sebagai perusahaan publik yang menjalankan                                As a public company that conducts its business
                                              usahanya secara profesional dan bertanggung jawab,                        professionally and responsibly, the Company is
                                              Perseroan berkomitmen untuk memberikan layanan                            committed to providing equal access to its products
                                              atas produk dan jasa secara setara kepada seluruh                         and services for all consumers without discrimination.
                                              konsumen tanpa diskriminasi. Komitmen ini merupakan                       This commitment forms part of the implementation
                                              bagian dari penerapan prinsip tata kelola yang baik                       of good corporate governance principles and aligns
                                              serta selaras dengan ketentuan POJK 51 mengenai                           with the provisions of POJK 51 concerning sustainable
                                              keuangan berkelanjutan, yang menekankan pentingnya                        finance, which emphasizes the importance of consumer
                                              perlindungan konsumen melalui akses layanan yang                          protection through fair, inclusive, and transparent
                                              adil, inklusif, dan transparan.                                           access to services.

                                              Ketenagakerjaan [POJK A.6c2]                                              Employment [POJK A.6c2]

                                              Pernyataan Kesetaraan Kesempatan Bekerja                                  Equal Employment Opportunity Statement
                                              Perseroan membuka kesempatan kerja bagi siapapun                          The Company provides equal employment opportunities
                                              yang ingin menjadi bagian Perseroan dengan menjunjung                     for anyone who wishes to become part of the
                                              tinggi prinsip inklusivitas, keadilan, dan kesetaraan.                    organization by upholding the principles of inclusivity,
                                              Perseroan berkomitmen untuk memperlakukan setiap                          fairness, and equality. The Company is committed to
                                              orang dengan setara tanpa memandang agama, etnis,                         treating all individuals equally regardless of religion,



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ras, status sosial, warna kulit, jenis kelamin, ataupun             ethnicity, race, social status, skin color, gender, or
kondisi fisik lainnya. Komitmen ini juga melandasi                  physical condition. This commitment also underlies the
mekanisme rekrutmen yang dijalankan Perseroan,                      recruitment mechanism implemented by the Company,
sehingga keputusan penerimaan atau penolakan                        ensuring that hiring decisions are based on objective
berdasarkan hasil penilaian yang objektif secara                    and comprehensive assessments.
keseluruhan.

Pergantian Karyawan [IDX S.03]
Employee Turnover
                               Uraian                                      Jumlah Karyawan               Persentase Karyawan (%)
                             Description                                   Total of Employees           Percentage of Employees (%)

 Jumlah karyawan mengundurkan diri dan pemutusan hubungan kerja                87 orang                           13,2%
 di tahun 2025                                                                 87 people
 Number of employee resignations and terminations in 2025
 Jumlah karyawan baru/pengganti di tahun 2025                                  176 orang                          26,7%
 Number of new/replacement employees in 2025                                   176 people




                                                                                                                                          Corporate Social Responsibility (CSR)
                                                                                                                                          Tanggung Jawab Sosial dan Lingkungan (TJSL)
Pengembangan Kompetensi [IDX S.05]                                  Competency Development [IDX S.05]
Agar dapat menghadapi risiko dan tantangan yang terus               In order to respond to evolving risks and challenges,
berkembang, Perseroan harus bergerak secara adaptif                 the Company must operate adaptively and address
dan mampu menghadapi setiap masalah dengan                          emerging issues strategically. This resilience is highly
strategis. Ketangguhan ini sangat bergantung pada                   dependent on the quality of human resources who are
kualitas sumber daya manusia yang kompeten dan                      competent and competitive. Therefore, the Company
berdaya saing. Oleh karena itu, Perseroan menyediakan               provides various training and competency development
beragam program pelatihan dan pengembangan                          programs designed according to job scope, position
kompetensi yang dirancang sesuai lingkup pekerjaan,                 level, and the specific needs of each employee. Every
jenjang jabatan, serta kebutuhan masing-masing                      employee is encouraged to continuously enhance their
karyawan. Setiap karyawan didorong untuk terus                      technical capabilities, knowledge, and professional
meningkatkan kemampuan teknis, wawasan, dan                         character.
karakter profesionalnya secara berkelanjutan.

Program pengembangan SDM senantiasa diterapkan                      Human      resource    development     programs    are
secara efektif dan efisien untuk menghasilkan                       consistently implemented effectively and efficiently
talenta yang unggul, sekaligus memperkuat proses                    to cultivate high-quality talent while strengthening
regenerasi kepemimpinan. Melalui pendekatan ini,                    the leadership regeneration process. Through this
Perseroan berharap dapat menyiapkan calon-calon                     approach, the Company aims to prepare future leaders
pemimpin masa depan yang kompeten, visioner, dan                    who are competent, visionary, and capable of guiding
mampu membawa organisasi menuju pertumbuhan                         the organization toward sustainable growth. Throughout
berkelanjutan. Sepanjang tahun 2025, Perseroan telah                2025, the Company facilitated employees with various
memfasilitasi karyawan dengan berbagai pelatihan                    training programs as follows:
sebagai berikut:

                                               Jumlah Karyawan yang
   Rata-Rata Jam Pelatihan Per Karyawan     Berpartisipasi dalam Pelatihan Persentase Karyawan yang Berpartisipasi dalam Pelatihan
    Average Training Hours per Employee    Number of Employees Participating    Percentage of Employees Participating in Training
                                                      in Training

 9,2 jam/karyawan                                     346 orang                                      50,73%
 9.2 hours/employee                                   346 people



Komitmen      Penerapan  Keselamatan dan                            Commitment to Occupational Health and Safety
Kesehatan Kerja (K3) dan Upaya Membangun                            (OHS) Implementation and Efforts to Build an
Budaya K3 [IDX S.06]                                                OHS Culture [IDX S.06]
Meskipun kegiatan operasional Perseroan tergolong                   Although the Company’s operational activities are
rendah risiko terhadap kecelakaan kerja, Perseroan tetap            considered to have a relatively low risk of workplace
memegang tanggung jawab penuh untuk memastikan                      accidents, the Company remains fully responsible
keselamatan dan keamanan seluruh karyawan. Untuk                    for ensuring the safety and security of all employees.
itu, Perseroan secara konsisten menanamkan dan                      Therefore, the Company consistently promotes and
mempromosikan budaya Kesehatan dan Keselamatan                      instills an Occupational Health and Safety (OHS) culture
Kerja (K3) di seluruh aktivitas operasional.                        across all operational activities.



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                                              Sebagai bagian dari upaya tersebut, Perseroan                              As part of these efforts, the Company provides
                                              menyediakan berbagai sarana dan prasarana K3 yang                          adequate OHS facilities and infrastructure, including fire
                                              memadai, antara lain tabung Alat Pemadam Api Ringan                        extinguishers, hydrants, smoke detectors, sprinklers,
                                              (APAR), hidran, detektor asap, sprinkler, tangga darurat,                  emergency stairways, evacuation route diagrams,
                                              diagram jalur evakuasi, alarm darurat, serta kotak                         emergency alarms, and first aid kits. The Company
                                              P3K. Perseroan juga rutin menginternalisasi budaya                         also regularly internalizes the OHS culture through
                                              K3 melalui sosialisasi dan pelatihan, dengan tujuan                        socialization programs and training activities aimed at
                                              meminimalkan risiko insiden kecelakaan kerja dan                           minimizing the risk of workplace incidents and achieving
                                              mencapai target kecelakaan nihil.                                          a zero accident target.

                                                                                                  Uraian
                                                                                                                                                                       2025
                                                                                                Description

                                               Frekuensi kecelakaan kerja dari total pegawai                                                                      7 kasus | cases
                                               Frequency of work accidents out of total employees
                                               Persentase kecelakaan kerja serius yang berakibat cedera serius dan fatal dari total pegawai                           1,06%
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                               Percentage of serious work accidents resulting in serious and fatal injuries out of total employees


                                              Penyediaan Remunerasi dan Tunjangan yang                                   Provision of Competitive Remuneration and
                                              Kompetitif                                                                 Benefits
                                              Salah satu langkah strategis Perseroan untuk                               One of the Company’s strategic steps in retaining top
                                              mempertahankan talenta terbaik adalah dengan                               talent is by providing proper, fair, and competitive
                                              menyediakan remunerasi dan upah yang layak, adil,                          remuneration and wages. Through the implementation
                                              serta kompetitif. Melalui penerapan kebijakan fair living                  of a fair living wage policy, the Company is committed
                                              wage, Perseroan berkomitmen meningkatkan taraf                             to improving employees’ quality of life while also
                                              hidup karyawan sekaligus memberikan apresiasi atas                         recognizing the contributions and dedication they
                                              kontribusi dan dedikasi yang diberikan karyawan bagi                       provide to support the Company’s progress.
                                              kemajuan Perseroan.

                                              Penetapan struktur dan nilai remunerasi dilakukan                          The determination of remuneration structure and
                                              dengan mempertimbangkan sejumlah faktor kunci,                             value takes into account several key factors, including
                                              antara lain kinerja individu, inflasi, pencapaian kinerja                  individual performance, inflation, the Company’s
                                              perusahaan, serta kesesuaian dengan posisi jabatan                         performance achievements, as well as alignment with
                                              dan masa kerja. Selain gaji pokok, Perseroan juga                          job position and years of service. In addition to base
                                              menyediakan berbagai fasilitas, tunjangan, dan program                     salary, the Company also provides various facilities,
                                              kesejahteraan lainnya sebagai bentuk dukungan                              allowances, and other welfare programs as additional
                                              tambahan bagi karyawan.                                                    support for employees.

                                              Sebagai bagian dari perhatian terhadap kesehatan                           As part of its commitment to employee health, the
                                              karyawan, Perseroan menyediakan fasilitas medical                          Company provides periodic medical check-ups.
                                              check-up secara berkala. Program ini juga mendukung                        This program also supports the implementation of
                                              implementasi standar Kesehatan dan Keselamatan                             Occupational Health and Safety (OHS) standards,
                                              Kerja (K3), sehingga kondisi kesehatan setiap karyawan                     allowing employees’ health conditions to be monitored
                                              dapat dipantau secara rutin dan penempatan tugas                           regularly and enabling work assignments or workloads
                                              atau kapasitas kerja dapat disesuaikan dengan kondisi                      to be adjusted accordingly. In addition, the Company
                                              tersebut. Selain itu, Perseroan juga memberikan jaminan                    provides coverage under Indonesia’s national health
                                              BPJS Kesehatan yang mencakup layanan kesehatan                             insurance program, which includes general healthcare
                                              umum, serta tambahan manfaat seperti asuransi                              services, along with additional benefits such as private
                                              kesehatan, pemeriksaan gigi, dan kacamata.                                 health insurance, dental care, and eyeglass coverage.

                                              Perbandingan Remunerasi Karyawan                            Tetap          Comparison    of     Permanent     Employee
                                              terhadap Upah Minimum Regional                                             Remuneration with Regional Minimum Wage
                                              Perseroan memastikan besaran gaji pokok yang diterima                      The Company ensures that the base salary received
                                              semua karyawan tetap di level terendah lebih tinggi                        by all permanent employees at the lowest level is
                                              dari besaran Upah Minimum Kabupaten/Kota (UMK)                             higher than the Regency/City Minimum Wage (UMK)
                                              yang ditetapkan oleh pemerintah daerah setempat.                           determined by the relevant local government. A similar
                                              Kebijakan serupa juga berlaku di level entitas anak, di                    policy also applies at the subsidiary level, where the
                                              mana gaji pokok yang diterima oleh semua karyawan                          base salary received by all employees at the lowest level
                                              di level terendah minimal sama atau lebih tinggi dari                      is at least equal to or higher than the applicable Regional




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ketentuan UMR. Berikut adalah tabel rasio gaji karyawan             Minimum Wage (UMR). The following table presents the
golongan terendah jika dibandingkan dengan UMR yang                 ratio of the lowest employee salary compared with the
berlaku pada 2025:                                                  applicable regional minimum wage in 2025:

         Kota          UMR Tahun 2025       Gaji Pokok (Karyawan Tetap)         Rasio   Gaji Pokok (Karyawan Kontrak)      Rasio
         City       Minimum Wage for 2025 Base Salary (Permanent Employees)     Ratio   Base Salary (Contract Employees)   Ratio

 Semarang                 Rp3.454.827                 Rp3.454.827                 1                Rp3.454.827               1
 Jakarta                  Rp5.396.761                 Rp5.396.761                 1                Rp5.396.761               1
 Denpasar                 Rp3.298.117                 Rp3.298.117                 1                Rp3.298.117               1



Lingkungan Bekerja yang Layak dan Aman                              A Decent and Safe Working Environment
Perseroan berfokus membangun lingkungan bekerja                     The Company focuses on creating a decent, safe,
yang layak, aman, kondusif, serta suportif bagi seluruh             conducive, and supportive working environment for
karyawan. Upaya ini merupakan faktor penting yang                   all employees. This effort is an important factor that




                                                                                                                                       Corporate Social Responsibility (CSR)
                                                                                                                                       Tanggung Jawab Sosial dan Lingkungan (TJSL)
secara tidak langsung berkontribusi pada pertumbuhan                indirectly contributes to the Company’s performance
kinerja Perseroan. Ketika suasana kerja dibangun secara             growth. When the workplace environment is built in a
sehat dan konstruktif, karyawan dapat menjalankan                   healthy and constructive manner, employees are able to
tugas dengan lebih nyaman, produktif, serta memiliki                perform their duties more comfortably and productively,
rasa keterikatan dan loyalitas yang lebih kuat terhadap             while also developing stronger engagement and loyalty
Perseroan. Kondisi tersebut juga membantu Perseroan                 toward the Company. Such conditions also help the
dalam menjaga stabilitas tenaga kerja melalui                       Company maintain workforce stability through more
pengelolaan tingkat perputaran karyawan yang lebih                  effective management of employee turnover.
efektif.

Kebijakan dan Komitmen Pemenuhan Hak Asasi                          Policies and Commitment to the Fulfillment of
Manusia [IDX S.07, S.09, S.11]                                      Human Rights [IDX S.07, S.09, S.11]
Perseroan berkomitmen untuk menegakkan prinsip-                     The Company is committed to upholding Human Rights
prinsip Hak Asasi Manusia (HAM) dalam seluruh kegiatan              principles in all operational activities and employment
operasional dan hubungan ketenagakerjaan. Komitmen                  relationships. This commitment is implemented through
ini diwujudkan melalui pembangunan lingkungan kerja                 the creation of an inclusive, safe, and supportive
yang inklusif, aman, serta bebas dari segala bentuk                 working environment that is free from any form of
diskriminasi, pelecehan seksual, intimidasi, atau                   discrimination, sexual harassment, intimidation, or
tindakan tidak adil lainnya.                                        other unfair practices.

Selama tahun 2025, Perseroan tidak menerima laporan                 Throughout 2025, the Company did not receive any
maupun menemukan kejadian pelanggaran HAM,                          reports nor identify any incidents related to human
termasuk kasus diskriminasi atau pelecehan seksual di               rights violations, including cases of discrimination
tempat kerja (0%). Capaian ini menunjukkan efektivitas              or sexual harassment in the workplace (0%). This
upaya berkelanjutan Perseroan dalam memastikan                      achievement reflects the effectiveness of the Company’s
terciptanya lingkungan kerja yang aman, adil, serta                 ongoing efforts to ensure a safe, fair, and respectful
menghargai hak dan martabat setiap individu.                        working environment that upholds the rights and dignity
                                                                    of every individual.

Kebijakan terkait Pelecehan Seksual dan/atau                        Policy on Sexual Harassment                  and/or    Non-
Non-Diskriminasi [IDX S.08]                                         Discrimination [IDX S.08]
Perseroan menjunjung tinggi prinsip kesetaraan,                     The Company upholds the principles of equality,
inklusivitas, dan penghormatan terhadap hak asasi                   inclusivity, and respect for human rights in all operational
manusia di seluruh kegiatan operasional dan hubungan                activities and employment relationships. Accordingly,
kerja. Untuk itu, Perseroan menerapkan kebijakan yang               the Company implements strict policies to address
tegas terkait penanggulangan pelecehan seksual dan                  sexual harassment and discrimination in the workplace.
diskriminasi di tempat kerja. Perseroan menegakkan                  The Company enforces a zero tolerance principle toward
prinsip zero tolerance terhadap pelecehan seksual dan               sexual harassment and discrimination. Disciplinary
diskriminasi. Perseroan akan memberlakukan tindakan                 actions, including termination of employment, will be
disipliner hingga pemutusan hubungan kerja terhadap                 imposed on any individual proven to have committed
pelaku pelanggaran bila terbukti melakukan pelecehan                sexual harassment in any form and against any person.
seksual dalam bentuk apa pun dan kepada siapa pun.




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                                              Sepanjang tahun 2025, Perseroan mencatat tidak            Throughout 2025, the Company recorded no reports or
                                              terdapat laporan maupun kasus pelanggaran pelecehan       cases of sexual harassment or discrimination involving
                                              seksual atau diskriminasi yang terjadi pada seluruh       employees within the Company’s working environment.
                                              karyawan di lingkungan kerja Perseroan.

                                              Tenaga Kerja Paksa dan Tenaga Kerja Anak                  Forced Labor and Child Labor [IDX S.10]
                                              [IDX S.10]
                                              Perseroan menegaskan komitmennya untuk senantiasa         The Company reaffirms its commitment to upholding
                                              menjunjung dan menghormati hak asasi manusia (HAM),       and respecting human rights by not tolerating any
                                              dengan tidak menolerir adanya praktik kerja paksa dan     practices of forced labor or the employment of
                                              mempekerjakan anak di bawah umur di seluruh kegiatan      underage workers across all of its operational activities,
                                              operasional Perseroan, termasuk entitas anak dan          including those of its subsidiaries and associate
                                              entitas asosiasi. Peraturan Perusahaan telah mengatur     entities. The Company Regulations stipulate provisions
                                              sejumlah hal terkait jam kerja, jam istirahat, dan hak    related to working hours, rest periods, and the right to
                                              mendapatkan kompensasi sebagai upah lembur sesuai         receive compensation for overtime in accordance with
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              ketentuan dan kondisi yang telah diregulasi. Selama       applicable regulations and conditions. Throughout 2025,
                                              tahun 2025, Perseroan tidak mendapati adanya temuan       the Company did not identify any instances or findings
                                              atas keberadaan dan rekrutmen pekerja anak maupun         related to the presence or recruitment of child labor or
                                              kerja paksa di lingkungan grup Perseroan.                 forced labor within the Company’s group.

                                              Mekanisme Pengaduan Masalah Ketenagakerjaan               Grievance Mechanism for Employment Issues
                                              Perseroan senantiasa menerima dan menindaklanjuti         The Company consistently receives and follows up on
                                              seluruh keluhan atau pengaduan dari karyawan,             all complaints or grievances submitted by employees,
                                              khususnya yang berkaitan dengan perselisihan              particularly those related to employment disputes
                                              ketenagakerjaan dan hubungan industrial. Karyawan         and industrial relations. Employees may submit their
                                              dapat menyampaikan pengaduan secara langsung              complaints directly through the Human Resources
                                              melalui Divisi SDM. Sepanjang tahun 2025, Perseroan       Division. Throughout 2025, the Company did not receive
                                              tidak menerima adanya laporan pengaduan dari              any reports or complaints from employees related to
                                              karyawan terkait masalah ketenagakerjaan.                 employment issues.

                                              Masyarakat [POJK A.6c3]                                   Community [POJK A.6c3]

                                              Dampak Sosial dari Kegiatan atau Wilayah                  Social Impact of         Operational      Activities     or
                                              Operasional                                               Operational Areas
                                              Perseroan memahami bahwa kegiatan operasionalnya          The Company understands that its operational activities
                                              berpotensi memberikan dampak yang beragam                 may generate various impacts on communities
                                              terhadap masyarakat di sekitar wilayah operasionalnya,    surrounding its operational areas, both positive and
                                              baik positif maupun negatif. Oleh karena itu, Perseroan   negative. Therefore, the Company actively monitors
                                              secara aktif memantau dan mengelola dampak tersebut       and manages these impacts as part of its sustainability
                                              sebagai bagian dari komitmen keberlanjutan.               commitment.

                                              Sepanjang tahun 2025, Perseroan menilai bahwa             Throughout 2025, the Company assessed that various
                                              terdapat beragam dampak positif yang dirasakan oleh       positive impacts were experienced by communities
                                              masyarakat sekitar wilayah operasional, antara lain:      around its operational areas, including:
                                              •   Peningkatan pemberdayaan dan kesejahteraan            •   Increased community empowerment and welfare
                                                  masyarakat melalui kegiatan peningkatan literasi          through financial literacy initiatives and various
                                                  keuangan dan berbagai program CSR di bidang               CSR programs in the fields of health, environment,
                                                  kesehatan, lingkungan, ekonomi, dan sosial.               economy, and social development.
                                              •   Terciptanya lapangan kerja bagi masyarakat sebagai    •   Job creation for local communities as a form of
                                                  bentuk dukungan peningkatan kesejahteraan                 support for improving economic welfare.
                                                  ekonomi.




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•    Melalui FiberStar, Perseroan turut berkontribusi         •   Through FiberStar, the Company contributes to
     dalam perjalanan transformasi digital nasional               Indonesia’s digital transformation by providing
     dengan menyediakan jaringan yang andal                       reliable networks and delivering quality connectivity
     dan    memberikan        pengalaman       konektivitas       experiences to the public. FiberStar has established
     yang berkualitas bagi masyarakat. FiberStar                  extensive collaborations with property developers,
     telah menjalin kerja sama yang luas dengan                   including residential areas, office buildings,
     para perusahaan pengembang properti, baik                    and industrial estates, to provide basic network
     perumahan, perkantoran, dan kawasan industri,                infrastructure. To date, FiberStar has partnered with
     untuk menghadirkan jaringan basic infrastructure.            134 internet service providers in Indonesia.
     Hingga saat ini, FiberStar telah bekerja sama dengan
     134 penyedia jasa internet di Indonesia.
•    Entitas asosiasi Perseroan, ROTI, memberikan             •   The Company’s associate entity, ROTI, offers
     alternatif pilihan makanan sehat dengan harga                affordable healthy food alternatives for Indonesian
     terjangkau bagi keluarga Indonesia melalui                   families through the presence of Sari Roti.
     kehadiran Sari Roti.




                                                                                                                                Corporate Social Responsibility (CSR)
                                                                                                                                Tanggung Jawab Sosial dan Lingkungan (TJSL)
•    Entitas asosiasi Perseroan, FAST, terus berupaya         •   The Company’s associate entity, FAST, continues to
     mengembangkan pasar kuliner modern yang                      expand the modern culinary market targeting the
     menjangkau generasi milenial.                                millennial generation.
•    Entitas asosiasi Perseroan, Indomaret, terus             •   The Company’s associate entity, Indomaret,
     berupaya menyediakan lapangan kerja bagi                     continues to create employment opportunities
     warga sekitar dan akses bagi UMKM lokal untuk                for local communities and provide access for local
     memasarkan produk-produknya di sebagian besar                MSMEs to market their products in many of its
     gerainya.                                                    outlets.

Seluruh entitas asosiasi Perseroan memiliki kebijakan         All of the Company’s associate entities have policies
untuk memprioritaskan rekrutmen tenaga kerja yang             prioritizing the recruitment of workers available in the
tersedia di wilayah di mana gerai beroperasi. Melalui         areas where their outlets operate. Through synergistic
kolaborasi sinergis dengan entitas anak dan entitas           collaboration with subsidiaries and associate entities, the
asosiasi, Perseroan terus berupaya meningkatkan daya          Company continues to strengthen its competitiveness
saingnya di pasar ritel dan konsumen dan memberikan           in the retail and consumer market while contributing
kontribusi yang optimal bagi pertumbuhan ekonomi              optimally to national economic growth, particularly in
negara, khususnya di bidang ritel, produk makanan, dan        the retail, food products, and quick service restaurant
restoran cepat saji.                                          sectors.

Di sisi lain, Perseroan senantiasa memastikan bahwa           On the other hand, the Company continuously ensures
kegiatan operasi Perseroan tidak menimbulkan dampak           that its operational activities do not create negative
negatif bagi lingkungan dan kelangsungan hidup                impacts on the environment or the livelihoods of
masyarakat sekitar, seperti persaingan usaha lokal yang       surrounding communities, such as unfair competition
tidak sehat, pengurangan kesempatan kerja bagi warga          with     local    businesses,     reduced     employment
lokal, perubahan budaya lokal, pergeseran nilai sosial,       opportunities for local residents, cultural changes, shifts
atau konflik lahan. Sepanjang tahun 2025, Perseroan           in social values, or land conflicts. Throughout 2025, the
tidak menerima respons, keluhan, atau laporan dari            Company did not receive any responses, complaints,
masyarakat sekitar yang mencerminkan timbulnya                or reports from surrounding communities indicating
dampak negatif akibat kegiatan operasional Perseroan.         negative impacts arising from its operational activities.

Mekanisme dan Jumlah Pengaduan Masyarakat                     Community Complaint Mechanism and Number
                                                              of Complaints
Masyarakat dapat menyampaikan pendapat, masukan,              Members of the public may submit opinions, feedback,
keluhan, dan aduannya melalui saluran komunikasi              complaints, and grievances through the communication
yang telah disediakan Perseroan, yakni telepon dan            channels provided by the Company, namely telephone
e-mail. Perseroan akan menindaklanjuti segala bentuk          and e-mail. The Company will follow up on all complaints,
keluhan, komplain, dan laporan sesuai prosedur yang           reports, and submissions in accordance with applicable
berlaku berdasarkan data dan informasi yang valid             procedures based on valid and verified data and
dan sah. Entitas anak Perseroan, FiberStar memiliki           information. The Company’s subsidiary, FiberStar,
berbagai platform media sosial seperti Instagram,             also utilizes various social media platforms such as
Facebook, Twitter, TikTok, Youtube, dan Linkedin untuk        Instagram, Facebook, Twitter, TikTok, YouTube, and
berinteraksi secara langsung dengan publik.                   LinkedIn to interact directly with the public.




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                                              Kegiatan TJSL Tahun 2025                                                                           [IDX S.12]

                                              CSR Activities in 2025



                                                   FiberStar


                                                                                      FiberStar Dukung Pemulihan Bencana Sukabumi
                                                                                      FiberStar Supports Disaster Recovery in Sukabumi
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                                                                      Penjelasan                                   Capaian
                                                                                      Description                                  Achievement

                                                                                      Akibat bencana banjir dan tanah longsor      Capaian program ini meliputi pemulihan
                                                                                      yang mengakibatkan kerusakan di              infrastruktur komunikasi darurat,
                                                                                      beberapa kecamatan di Kabupaten              mempercepat koordinasi penyelamatan
                                                                                      Sukabumi, FiberStar berinisiatif             dan distribusi bantuan. Donasi yang
                                                                                      membantu pemulihan bencana                   diberikan membantu memenuhi
                                                                                      dengan menyediakan infrastruktur             kebutuhan dasar korban, seperti
                                                                                      layanan internet dan telekomunikasi          makanan dan pakaian.
                                                                                      untuk memastikan komunikasi tetap
                                                                                      berjalan, serta memberikan donasi            The program enabled the restoration
                                                                                      untuk mendukung pemulihan yang               of emergency communication
                                                                                      lebih tangguh dan berkelanjutan setelah      infrastructure, accelerating rescue
                                                                                      bencana.                                     coordination and aid distribution. The
                                                                                                                                   donations also helped meet the victims’
                                                                                      Following floods and landslides that         basic needs, such as food and clothing.
                                                                                      caused damage in several districts
                                                                                      in Sukabumi Regency, FiberStar took
                                                                                      the initiative to support disaster
                                                                                      recovery by providing internet
                                                                                      and telecommunications service
                                                                                      infrastructure to ensure communication
                                                                                      continuity, as well as donating
                                                                                      to support a stronger and more
                                                                                      sustainable post-disaster recovery.




                                                                                      FiberStar Perkuat Respons Kemanusiaan di Sumatra
                                                                                      FiberStar Strengthens Humanitarian Response in Sumatra

                                                                                      Penjelasan                                   Capaian
                                                                                      Description                                  Achievement

                                                                                      Akibat adanya bencana banjir bandang         Capaian program ini meliputi
                                                                                      dan tanah longsor besar yang melanda         penyediaan akses internet darurat yang
                                                                                      Sumatera, FiberStar berinisiatif             membantu memulihkan konektivitas
                                                                                      membantu dengan menyalurkan                  di situasi krisis, serta bantuan logistik
                                                                                      bantuan logistik bagi masyarakat             yang memenuhi kebutuhan dasar para
                                                                                      terdampak serta menyediakan                  korban.
                                                                                      akses internet darurat Starlink untuk
                                                                                      memastikan komunikasi dan koordinasi         The program provided emergency
                                                                                      tim di lapangan tetap berjalan lancar.       internet access that helped restore
                                                                                                                                   connectivity during the crisis, as well as
                                                                                      Following severe flash floods and            logistical assistance that addressed the
                                                                                      landslides that struck Sumatra, FiberStar    victims’ basic needs.
                                                                                      provided logistical assistance to affected
                                                                                      communities and deployed Starlink
                                                                                      emergency internet access to ensure
                                                                                      communication and coordination among
                                                                                      field teams remained operational.




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      Indomaret


                                     Kesehatan
                                     Health Programs




                                                                                                                                 Corporate Social Responsibility (CSR)
                                                                                                                                 Tanggung Jawab Sosial dan Lingkungan (TJSL)
                                     Penjelasan                                   Capaian
                                     Description                                  Achievement

                                     Mengadakan Posyandu Balita & Cek             Dilakukan di 20 kota.
                                     Kesehatan yang mencakup acara
                                     senam sehat, penyuluhan kesehatan,           Implemented in 20 cities.
                                     pengecekan perkembangan balita,
                                     imunisasi, dan pengecekan kesehatan
                                     gratis bagi lansia.

                                     Organizing Integrated Health Service
                                     Post (Posyandu) activities for toddlers
                                     and health check-ups, including healthy
                                     exercise sessions, health education,
                                     toddler development monitoring,
                                     immunization, and free health check-ups
                                     for the elderly.




                                     Kesehatan
                                     Health Programs

                                     Penjelasan                                   Capaian
                                     Description                                  Achievement

                                     Menyelenggarakan Pemberantasan               Dilakukan di 16 kota.
                                     Sarang Nyamuk (PSN) bersama Jumantik
                                     (Juru Pemantau Jentik) dan Dinas             Implemented in 16 cities.
                                     Kesehatan di kota masing-masing
                                     untuk memberikan penyuluhan terkait
                                     pencegahan demam berdarah.

                                     Organizing Mosquito Breeding
                                     Eradication (PSN) activities together with
                                     Jumantik (Larvae Monitoring Officers)
                                     and local Health Offices to provide
                                     education on dengue fever prevention.




                                     Kesehatan
                                     Health Programs

                                     Penjelasan                                   Capaian
                                     Description                                  Achievement

                                     Pemberian bantuan mobil ambulans             Sebanyak 1 (satu) unit ambulans.
                                     untuk pelayanan kesehatan masyarakat
                                     Kabupaten Lampung Utara.                     1 ambulance unit provided.

                                     Provision of an ambulance to support
                                     public healthcare services in North
                                     Lampung Regency




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                                                   Indomaret


                                                                                      Pendidikan
                                                                                      Education

                                                                                      Penjelasan                                  Capaian
                                                                                      Description                                 Achievement

                                                                                      Pemberian beasiswa kepada putra-putri       Sebanyak 100 siswa jenjang SD, SMP,
                                                                                      Persekutuan Dayak Kalimantan Timur          SMA dan Universitas yang ada di kota
                                                                                      (PDKT) di Lamin Bakuda Kota Samarinda.      Samarinda menerima beasiswa.

                                                                                      Provision of scholarships for students of   100 students from elementary school,
                                                                                      the East Kalimantan Dayak Fellowship        junior high school, senior high school,
                                                                                      (PDKT) at Lamin Bakuda, Samarinda City.     and university levels in Samarinda
                                                                                                                                  received scholarships.
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                                                                      Ekonomi
                                                                                      Economic

                                                                                      Penjelasan                                  Capaian
                                                                                      Description                                 Achievement

                                                                                      Pemberian bantuan alat pertanian untuk      Mencakup 4 (empat) unit traktor mini, 3
                                                                                      Kabupaten Muna.                             (tiga) unit mesin perontok jagung, dan 1
                                                                                                                                  (satu) unit mesin pemotong rumput.
                                                                                      Provision of agricultural equipment
                                                                                      assistance for Muna Regency                 Includes 4 mini tractors, 3 corn shelling
                                                                                                                                  machines, and 1 grass cutting machine.




                                                                                      Lingkungan
                                                                                      Environment

                                                                                      Penjelasan                                  Capaian
                                                                                      Description                                 Achievement

                                                                                      Pemberian bantuan sumber air bersih         Mencakup pembuatan sumur bor,
                                                                                      di Desa Bolok, Kupang Barat, Nusa           pengadaan mesin air, pengadaan toren
                                                                                      Tenggara Timur.                             air dan pembuatan sarananya.

                                                                                      Provision of clean water facilities in      Includes construction of a bore
                                                                                      Bolok Village, West Kupang, East Nusa       well, procurement of a water pump,
                                                                                      Tenggara.                                   installation of a water storage tank, and
                                                                                                                                  supporting infrastructure.




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      ROTI


                                     Bencana Alam
                                     Naturan Disaster

                                     Penjelasan                                  Capaian
                                     Description                                 Achievement

                                     Bantuan kepada masyarakat yang              Bantuan kepada masyarakat yang
                                     tertimpa bencana serta masyarakat yang      tertimpa bencana di Banten, Jakarta,
                                     menjadi korban banjir bandang dan           Bekasi, Purwakarta, Banjarmasin,
                                     tanah longsor.                              Makassar, Palembang, Pasuruan, dan
                                                                                 Semarang serta masyarakat yang
                                     Donnation to support communities            menjadi korban banjir bandang dan
                                     affected by disasters, as well as those     tanah longsor pada beberapa area di
                                     affected by flash floods and landslides.    Aceh, Sumatera Utara dan Sumatera




                                                                                                                                Corporate Social Responsibility (CSR)
                                                                                                                                Tanggung Jawab Sosial dan Lingkungan (TJSL)
                                                                                 Barat.

                                                                                 Donation to support communities
                                                                                 affected by disasters in Banten, Jakarta,
                                                                                 Bekasi, Purwakarta, Banjarmasin,
                                                                                 Makassar, Palembang, Pasuruan, and
                                                                                 Semarang, as well as the communities
                                                                                 affected by flash floods and landslides
                                                                                 in several areas of Aceh, North Sumatra,
                                                                                 and West Sumatra.




                                     Lingkungan Hidup
                                     Environment

                                     Penjelasan                                  Capaian
                                     Description                                 Achievement

                                     Penanaman total 1.200 bibit mangrove.       Mencakup wilayah Pantai Bahagia,
                                                                                 Bekasi dan Pantai Mangunharjo,
                                     Planting a total of 1,200 mangrove          Semarang.
                                     seedlings.
                                                                                 Includes the areas of Pantai Bahagia,
                                                                                 Bekasi, and Pantai Mangunharjo,
                                                                                 Semarang.




      FAST


                                     Sosial
                                     Social

                                     Penjelasan                                  Capaian
                                     Description                                 Achievement
                                     Pada 16 Maret 2025, FAST                    Melalui gerai KFC Sukawangi Bandung,
                                     menyelenggarakan kegiatan sosial            Perseroan membagikan paket makanan
                                     bertajuk “Berbagi Berkah Bersama KFC”       kepada warga yang membutuhkan
                                     sebagai bentuk kepedulian kepada            serta mengadakan berbagai aktivitas
                                     masyarakat sekitar.                         sosial yang melibatkan komunitas lokal,
                                                                                 sekaligus mempererat kebersamaan
                                     On March 16, 2025, FAST organized           antara masyarakat dan tim KFC.
                                     a community outreach event titled
                                     “Sharing Blessings with KFC” as a gesture   Through its KFC Sukawangi branch in
                                     of care for the local community.            Bandung, the Company distributed
                                                                                 food packages to residents in need
                                                                                 and organized various social activities
                                                                                 involving the local community, thereby
                                                                                 strengthening the bond between the
                                                                                 community and the KFC team.




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                                              KINERJA LINGKUNGAN HIDUP [POJK A.6d]                       ENVIRONMENTAL PERFORMANCE
                                                                                                         [POJK A.6d]


                                              Perseroan menyadari bahwa pelestarian lingkungan           The     Company       recognizes   that  environmental
                                              hidup merupakan tanggung jawab yang tidak                  preservation is an integral responsibility within
                                              terpisahkan dari praktik bisnis yang berkelanjutan. Oleh   sustainable business practices. Therefore, the
                                              karena itu, Perseroan berkomitmen untuk mengelola          Company is committed to managing its operational
                                              kegiatan operasionalnya dengan memperhatikan               activities by taking into account environmental impacts
                                              dampak lingkungan secara menyeluruh, sekaligus             comprehensively, while also striving to minimize risks
                                              berupaya meminimalkan risiko terhadap ekosistem dan        to ecosystems and natural resources surrounding its
                                              sumber daya alam di sekitar wilayah operasional.           operational areas.

                                              Biaya Lingkungan Hidup                                     Environmental Costs
                                              Pada 2025, Perseroan belum melakukan aktivitas             In 2025, the Company did not carry out activities related
                                              yang berkaitan dengan pengelolaan dan pelestarian          to environmental management and conservation within
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              lingkungan di dalam program TJSL, sehingga tidak           its CSR programs. Therefore, there is no information
                                              terdapat informasi terkait biaya lingkungan hidup yang     regarding environmental costs to be presented in this
                                              dapat disajikan dalam Laporan Tahunan Terintegrasi ini.    Integrated Annual Report.

                                              Penggunaan Material Ramah Lingkungan                       Use   of         Environmentally              Friendly
                                                                                                         Materials
                                              Saat ini, Perseroan belum melakukan asesmen                Currently, the Company has not conducted an
                                              mengenai penggunaan material ramah lingkungan              assessment regarding the use of environmentally
                                              di seluruh rantai pasoknya. Namun, Perseroan terus         friendly materials across its entire supply chain.
                                              berupaya menjaga lingkungan dengan menggunakan             However, the Company continues to strive to protect
                                              material yang ramah lingkungan (eco-material).             the environment by promoting the use of eco-friendly
                                              Perseroan    menerapkan     kebijakan    pengurangan       materials. The Company has implemented a policy
                                              penggunaan plastik sekali pakai di lingkungan kantor       to reduce the use of single use plastics in the office
                                              dengan mengimbau karyawan untuk membawa alat               environment by encouraging employees to bring their
                                              makan dan minum masing-masing sebagai bentuk               own eating and drinking utensils as part of its support
                                              dukungan terhadap zero waste landfill. Dalam kegiatan      for the zero waste landfill initiative. In its operational
                                              operasional, Perseroan masih menggunakan kertas            activities, the Company still uses paper as needed.
                                              sesuai kebutuhan dan keperluannya.

                                              Perseroan terus berupaya mengurangi konsumsi               The Company also continuously seeks to reduce
                                              kertas melalui berbagai cara, seperti mengoptimalkan       paper consumption through various measures, such
                                              penggunaan kertas bekas dokumen yang tidak bersifat        as optimizing the use of non-confidential used paper
                                              rahasia untuk keperluan internal. Perseroan juga           for internal purposes. In addition, the Company has
                                              mengaplikasikan konsep aktivitas dan administrasi          implemented paperless activities and administrative
                                              paperless, termasuk digital       approval, dengan         processes, including digital approvals, through the use
                                              menggunakan platform digital.                              of digital platforms.

                                              Jumlah Energi yang Digunakan [IDX E.03]                    Total Energy Consumption [IDX E.03]
                                              Sumber energi utama aktivitas operasional Perseroan        The primary source of energy used in the Company’s
                                              adalah dari jaringan PLN. Perseroan berupaya               operational activities is electricity supplied through
                                              menggunakan energi secara efisien dengan menyiapkan        the PLN grid. The Company strives to use energy
                                              sistem, sarana, dan prasarana yang andal untuk             efficiently by establishing reliable systems, facilities,
                                              menekan biaya listrik. Secara keseluruhan, jumlah          and infrastructure to control electricity costs. Overall,
                                              konsumsi energi (listrik dan BBM) tahun 2025 mencapai      total energy consumption (electricity and fuel) in 2025
                                              sebesar 31.863,08 gigajoule (GJ), meningkat sebesar        reached 31,863.08 gigajoules (GJ), representing an
                                              5,76% dari 30.128,93 GJ pada 2024, yang disebabkan         increase of 5.76% compared to 30,128.93 GJ in 2024,
                                              oleh penambahan PoP dan perangkat aktif.                   mainly due to the addition of PoP and active devices.




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                  Sumber Energi                    Satuan
                                                                        2025                      2024           2023            2025 vs 2024
                  Energy Source                     Unit

    Listrik | Electricity
    Sumber Langsung                                  KWh              7.608.130                  6.668.220     5.340.893            14,10%
    Primary Source
                                                         Gj           27.389,26                  27.067,26     21.412,51             1,19%
    Jumlah Konsumsi Listrik                          KWh              7.608.130                  6.668.220     5.340.893            14.10%
    Total Electricity Consumption
                                                         Gj           27.389,26                  27.067,26     21.412,51             1,19%
    BBM | Fuel
    Bensin (Premium)                                 Liter              135.570                    92.778         66.221            46,12%
    Gasoline (Premium)
                                                         Gj            4.473,81                   3.061,67      2.185,29            46,12%
    Jumlah Konsumsi Energi                               Gj           31.863,08                  30.128,93     23.597,80             5,76%
    Total Energy Consumption

Catatan | Note:
• Faktor konversi menggunakan standar IPCC (UNEP) 2006, GHG Protocol (WBCSD, WRI), ISO 14064
• Listrik 1 kWh = 0,0036 GJ




                                                                                                                                                       Corporate Social Responsibility (CSR)
                                                                                                                                                       Tanggung Jawab Sosial dan Lingkungan (TJSL)
• BBM (bensin) 1 liter = 0,033 GJ

•    Conversion factors using IPCC (UNEP) 2006, GHG Protocol (WBCSD, WRI), ISO 14064 standards
•    1 kWh of electricity = 0.0036 GJ
•    1 liter of fuel (gasoline) = 0.033 GJ




Intensitas Energi                                                                   Energy Intensity
Perhitungan intensitas energi menunjukkan tingkat                                   Energy intensity reflects the level of efficiency in energy
efisiensi pemakaian energi yang digunakan untuk                                     consumption used for each unit of output produced.
setiap satuan metrik produk yang dihasilkan. Rasio ini                              This ratio indicates the amount of energy required per
menjelaskan besarnya energi yang diperlukan per unit                                unit of output per year. The Company calculates energy
keluaran (produk) per tahun. Perseroan menghitung                                   intensity by dividing total energy consumption from
intensitas energi dari jumlah konsumsi energi listrik                               electricity and fuel (in GJ) by revenue from contracts with
dan BBM yang digunakan (dalam GJ) dibagi dengan                                     customers (in Rupiah million). A lower energy intensity
pendapatan dari kontrak dengan pelanggan (dalam                                     value indicates more efficient energy use. In 2025,
juta Rupiah). Semakin rendah nilai intensitas energi                                energy intensity decreased by 11.29%, from 0.02110 GJ/
menunjukkan pemakaian energi yang semakin efisien.                                  Rp million in 2024 to 0.01872 GJ/Rp million.
Jumlah intensitas energi pada 2025 mengalami
penurunan sebesar 11,29% dari 0,02110 GJ/juta Rp pada
2024 menjadi 0,01872 GJ/juta Rp.

              Intensitas Energi                  Satuan
                                                                        2025                      2024           2023            2025 vs 2024
               Energy Intensity                   Unit

    Jumlah Konsumsi Energi                          Gj                31.863,08                  30.128,93     23.597,80             5,76%
    Total Energy Consumption
    Pendapatan dari Kontrak dengan              juta Rp               1.702.015                  1.427.731     1.390.105            19,21%
    Pelanggan                                  million Rp
    Revenue from Contracts with
    Customers
    Jumlah Intensitas Energi                   Gj/juta Rp               0,01872                   0,02110        0,01698           (11,29%)
    Total Energy Intensity                    Gj/million Rp



Inisiatif Efisiensi Energi dan Penggunaan                                           Energy Efficiency Initiatives and Use of
Energi Terbarukan                                                                   Renewable Energy
Perseroan terus berupaya menerapkan program dan                                     The Company continues to implement energy efficiency
inisiatif efisiensi energi dalam kegiatan operasionalnya,                           programs and initiatives in its operational activities,
antara lain mencakup penggunaan peralatan elektronik                                including the use of inverter based electronic equipment
berteknologi inverter yang lebih hemat energi,                                      that consumes less energy, replacing conventional
penggantian lampu konvensional dengan lampu LED,                                    lighting with LED lamps, and turning off electronic
serta pemadaman alat-alat elektronik yang tidak                                     devices when not in use. In addition, the Company
digunakan. Selain itu, Perseroan memanfaatkan                                       utilizes natural sunlight during the daytime to reduce
cahaya alami dari sinar matahari pada siang hari untuk                              electricity consumption.
mengurangi konsumsi listrik.




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                                              Hingga saat ini, Perseroan belum menggunakan               To date, the Company has not directly used renewable
                                              sumber energi terbarukan secara langsung dalam             energy sources in its operations. Nevertheless, these
                                              operasionalnya. Meski demikian, upaya efisiensi energi     energy efficiency efforts reflect the Company’s ongoing
                                              ini menjadi bagian dari komitmen berkelanjutan             commitment to reducing its carbon footprint and
                                              Perseroan dalam mengurangi jejak karbon dan dampak         environmental impact.
                                              lingkungan.



                                              KINERJA LINGKUNGAN HIDUP [POJK A.6e]                       ENVIRONMENTAL PERFORMANCE
                                                                                                         [POJK A.6e]


                                              Dampak Lingkungan Hidup dari Kegiatan                      Environmental Impact of Operational
                                              atau Wilayah Operasional                                   Activities or Operational Areas
                                              Perseroan memahami bahwa kegiatan operasionalnya           The Company understands that its operational activities
                                              berpotensi memberikan dampak yang beragam                  may generate various impacts on communities
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              terhadap masyarakat di sekitar wilayah operasionalnya,     surrounding its operational areas, both positive and
                                              baik positif maupun negatif. Oleh karena itu, Perseroan    negative. Therefore, the Company actively monitors
                                              secara aktif memantau dan mengelola dampak tersebut        and manages these impacts as part of its sustainability
                                              sebagai bagian dari komitmen keberlanjutan.                commitment.

                                              Sepanjang tahun 2025, Perseroan menilai bahwa              Throughout 2025, the Company assessed that several
                                              terdapat beragam dampak positif yang dirasakan oleh        positive impacts were experienced by communities
                                              masyarakat sekitar wilayah operasional, antara lain:       around its operational areas, including:
                                              •   Penggunaan sumber daya yang efisien.                   •   Effocient use of resources.
                                              •   Pengelolaan limbah yang bertanggung jawab sesuai       •   Responsible waste management in accordance with
                                                  prosedur yang berlaku sehingga tidak mencemari             applicable procedures to prevent environmental
                                                  lingkungan.                                                pollution.
                                              •   Peningkatan daya dukung ekosistem melalui              •   Enhancement of ecosystem support through tree
                                                  kegiatan penanaman pohon serta kebijakan untuk             planting activities and policies to maintain soil and
                                                  menjaga kualitas tanah dan air di sekitar area             water quality around operational areas.
                                                  operasional.

                                              Di sisi lain, Perseroan senantiasa memastikan bahwa        On the other hand, the Company consistently
                                              kegiatan operasi Perseroan tidak menimbulkan               ensures that its operational activities do not create
                                              dampak negatif bagi lingkungan dan kelangsungan            negative impacts on the environment or surrounding
                                              hidup masyarakat sekitar, seperti kebisingan suara         communities, such as excessive noise, hazardous waste
                                              yang di luar batas, pencemaran limbah B3, atau hal-hal     pollution, or other disturbances that may cause public
                                              lainnya yang menimbulkan keresahan bagi masyarakat.        concern. Throughout 2025, the Company did not receive
                                              Sepanjang tahun 2025, Perseroan tidak menerima             any responses, complaints, or reports from surrounding
                                              respons, keluhan, atau laporan dari masyarakat sekitar     communities indicating negative environmental impacts
                                              yang mencerminkan timbulnya dampak negatif akibat          arising from its operational activities.
                                              kegiatan operasional Perseroan.

                                              Dampak dari Wilayah Operasional yang                       Impact of Operational Areas Located
                                              Dekat atau Berada di Daerah Konservasi                     Near or Within Conservation Areas or
                                              atau Memiliki Keanekaragaman Hayati                        Areas with Biodiversity
                                              Proyek-proyek entitas anak dan entitas asosiasi            The projects of the Company’s subsidiaries and
                                              Perseroan tidak berada maupun bersinggungan                associated entities are not located within nor directly
                                              langsung dengan daerah hutan lindung dan daerah            adjacent to protected forest areas or areas with high
                                              yang memiliki tingkat keanekaragaman hayati yang           levels of biodiversity; therefore, the Company assesses
                                              tinggi, oleh sebab itu, Perseroan menilai tidak terdapat   that there are no material impacts arising from the
                                              dampak materiel yang ditimbulkan dari kegiatan             operational activities of its subsidiaries and associated
                                              operasional entitas anak dan entitas asosiasi.             entities.

                                              Usaha         Konservasi           Keanekaragaman          Biodiversity Conservation Efforts
                                              Hayati
                                              Perseroan belum memiliki kebijakan terkait konservasi      The Company does not yet have a specific policy related
                                              keanekaragaman hayati termasuk perlindungan spesies        to biodiversity conservation, including the protection
                                              flora dan fauna, dikarenakan lokasi kegiatan operasi       of flora and fauna species, as the operational locations



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entitas anak dan entitas asosiasi tidak berada di kawasan              of its subsidiaries and associated entities are not
hutan lindung dan kawasan hutan konservasi, sehingga                   situated within protected forest areas or conservation
tidak berdampak langsung terhadap keanekaragaman                       forest areas and therefore do not have a direct impact
hayati. Kendati demikian, Perseroan mendukung                          on biodiversity. Nevertheless, the Company supports
gerakan konservasi keanekaragaman hayati yang                          biodiversity conservation initiatives carried out by
dilakukan sejumlah lembaga dan komunitas.                              various institutions and communities.

Jumlah dan Intensitas Emisi yang                                       Total and Intensity of Emissions
Dihasilkan Berdasarkan Jenis [IDX E.01, E.02]                          Generated by Type [IDX E.01, E.02]
Emisi yang dihasilkan dari kegiatan operasional                        Emissions generated from the Company’s operational
Perseroan dihitung berdasarkan jumlah konsumsi listrik                 activities are calculated based on the total electricity
dikalikan faktor emisi. Nilai faktor emisi untuk listrik dan           consumption multiplied by the emission factor. The
BBM (bensin) mengacu pada perhitungan Kalkulator                       emission factor values for electricity and fuel (gasoline)
Hijau yang diterbitkan oleh Bank Indonesia (BI) dan                    refer to the calculations of the Green Calculator issued
Kementerian Koordinator Bidang Kemaritiman dan                         by Bank Indonesia (BI) and the Coordinating Ministry for




                                                                                                                                         Corporate Social Responsibility (CSR)
                                                                                                                                         Tanggung Jawab Sosial dan Lingkungan (TJSL)
Investasi. Sedangkan intensitas emisi dihitung dengan                  Maritime Affairs and Investment. Meanwhile, emission
membagi jumlah emisi dengan pendapatan dari kontrak                    intensity is calculated by dividing the total emissions
dengan pelanggan (dalam juta Rupiah).                                  by revenue from contracts with customers (in million
                                                                       Rupiah).

Pada 2025, emisi yang dihasilkan dari aktivitas                        In 2025, emissions generated from the Company’s
operasional Perseroan meningkat sebesar 15,35% dari                    operational activities increased by 15.35% from 5,482.12
5.482,12 ton CO2-eq pada 2024 menjadi 6.323,45 ton                     tons CO2-eq in 2024 to 6,323.45 tons CO2-eq. On the
CO2-eq. Di sisi lain, intensitas emisi menurun sebesar                 other hand, emission intensity decreased by 3.24% from
3,24% dari 0,00384 ton CO2-eq per juta Rp pada 2024                    0.00384 tons CO2-eq per million Rp in 2024 to 0.00372
menjadi 0,00372 ton CO2-eq per juta Rp pada 2025.                      tons CO2-eq per million Rp in 2025. Although revenue
Kendati pendapatan dari kontrak pelanggan mengalami                    from contracts with customers increased by 19.21%, the
kenaikan sebesar 19,21%, Perseroan masih mampu                         Company was still able to reduce emission intensity by
menurunkan intensitas emisi sebesar 3,24%.                             3.24%.

                Uraian                  Satuan
                                                          2025                  2024               2023            2025 vs 2024
              Description                Unit

 Cakupan 1: Emisi GRK Langsung dan Pembuangan
 Scope 1: Direct GHG Emissions and Removals
 Pembakaran bergerak (kendaraan)      ton CO2-eq          313,03                214,22            152,90              46,12%
 Mobile combustion (vehicles)
 Jumlah Emisi GRK (Cakupan 1)         ton CO2-eq          313,03                214,22            152,90              46,12%
 Total GHG Emissions (Scope 1)
 Cakupan 2: Emisi GRK Tidak Langsung dari Energi yang Diimpor/Dibeli
 Scope 2: Indirect GHG Emissions from Imported/Purchased Energy
 Pembelian listrik                    ton CO2-eq        6.010,42              5.267,89           4.219,31             14,10%
 Purchased electricity
 Jumlah Emisi GRK (Cakupan 2)         ton CO2-eq        6.010,42              5.267,89           4.219,31             14,10%
 Total GHG Emissions (Scope 2)
 Jumlah Emisi GRK (Cakupan 1-2)       ton CO2-eq        6.323,45              5.482,12           4.372,21             15,35%
 Total GHG Emissions (Scope 1–2)
 Pendapatan dari Kontrak dengan         juta Rp        1.702.015             1.427.731          1.390.105             19,21%
 Pelanggan
 Revenue from Contracts with
 Customers
 Intensitas Emisi GRK (Cakupan 1      ton CO2-eq         0,00372               0,00384           0,00315              (3,24%)
 dan 2)/Pendapatan                    per juta Rp
 GHG Emissions Intensity (Scope 1     ton CO2-eq
 and 2)/Revenue                      per million Rp




Komitmen untuk Mendukung Target                                        Commitment to Supporting the Net Zero
Net Zero Emission [IDX E.06]                                           Emissions Target [IDX E.06]
Sesuai kapasitas dan ruang lingkup bisnisnya, Perseroan                In accordance with its capacity and business scope,
berkomitmen untuk senantiasa mendukung upaya                           the Company is committed to continuously supporting
pemerintah dalam menghadapi perubahan iklim, salah                     the government’s efforts in addressing climate change,



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                                              satunya pencapaian target net zero emissions. Saat         including the achievement of the net zero emissions
                                              ini, Perseroan belum memiliki dan menetapkan target        target. Currently, the Company has not yet established
                                              internal terkait pengurangan emisi, namun Perseroan        or set internal targets related to emission reduction;
                                              mendukung pencapaian target pemerintah untuk               however, the Company supports the government’s
                                              mencapai net zero emissions pada tahun 2060.               target of achieving net zero emissions by 2060.

                                              Perseroan berupaya menerapkan berbagai langkah             The Company strives to implement various practical
                                              praktikal di lingkungan kerja melalui beragam inisiatif,   measures within the workplace through several
                                              seperti efisiensi penggunaan energi, pengurangan emisi     initiatives, such as improving energy use efficiency,
                                              dari kendaraan operasional, serta perilaku kerja yang      reducing emissions from operational vehicles, and
                                              lebih ramah lingkungan. Perseroan optimis bahwa            promoting more environmentally friendly work practices.
                                              langkah-langkah ini dapat mendukung terciptanya            The Company is optimistic that these measures will help
                                              dampak positif secara jangka panjang dan berkontribusi     create positive long-term impacts and contribute to the
                                              terhadap pencapaian target net zero emissions secara       achievement of the national net zero emissions target.
                                              nasional.
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              Upaya Pengelolaan dan Pengurangan                          Efforts to   Manage    and    Reduce
                                              Emisi Gas Rumah Kaca (GRK) [IDX E.07]                      Greenhouse Gas (GHG) Emissions [IDX E.07]
                                              Sebagai bagian dari komitmen Perseroan terhadap            As part of the Company’s commitment to sustainable
                                              pengelolaan lingkungan yang berkelanjutan, Perseroan       environmental management, the Company actively
                                              aktif melakukan pengelolaan dan pengurangan emisi          manages and reduces Scope 1 GHG emissions
                                              GRK Cakupan 1 yang bersumber dari kendaraan                originating from operational vehicles by conducting
                                              operasional dengan melakukan perawatan berkala             periodic maintenance and routine emission testing to
                                              dan uji emisi secara rutin guna memastikan kondisi         ensure that engine conditions remain optimal and that
                                              mesin tetap optimal dan emisi yang dihasilkan              emissions generated are within the required limits.
                                              berada dalam batas yang disyaratkan. Perseroan juga        The Company also ensures that all operational vehicles
                                              memastikan bahwa seluruh kendaraan operasionalnya          use fuel in accordance with the specified standards to
                                              menggunakan bahan bakar sesuai spesifikasi guna            minimize incomplete combustion that may contribute to
                                              meminimalkan pembakaran tidak sempurna yang dapat          increased GHG emissions.
                                              berdampak pada peningkatan emisi GRK.

                                              Untuk mendukung pengurangan jejak karbon,                  To support the reduction of its carbon footprint,
                                              Perseroan mengajak seluruh karyawan untuk terus            the Company encourages all employees to actively
                                              berkontribusi secara aktif dengan mengoptimalkan           contribute by optimizing the use of public transportation
                                              penggunaan transportasi publik dalam aktivitas harian      in their daily activities and by prioritizing virtual meetings
                                              serta mengupayakan pertemuan secara daring (online         as an alternative to face-to-face meetings without
                                              meeting) sebagai alternatif dari pertemuan tatap muka      reducing the effectiveness of such activities. In addition,
                                              tanpa mengurangi efektivitas kegiatan tersebut. Selain     with regard to energy efficiency and efforts to reduce
                                              itu, dalam aspek efisiensi energi dan upaya mengurangi     Scope 2 GHG emissions, the Company also promotes
                                              emisi GRK Cakupan 2, Perseroan juga mendorong              electricity-saving practices in the workplace by using
                                              penghematan penggunaan listrik di lingkungan kerja         electronic devices prudently, turning off lights when not
                                              dengan menggunakan perangkat elektronik secara             in use, setting air conditioning temperatures according
                                              bijaksana, memadamkan lampu saat tidak digunakan,          to operational needs, and utilizing natural daylight
                                              mengatur suhu pendingin ruangan sesuai kebutuhan,          during daytime hours.
                                              serta memanfaatkan cahaya alami pada siang hari.

                                              Saat ini, Dewan Komisaris dan Direksi berperan             Currently, the Board of Commissioners and the Board
                                              strategis untuk turut mengawasi dan mengendalikan          of Directors play a strategic role in overseeing and
                                              praktik keberlanjutan Perseroan, termasuk di dalamnya      controlling the Company’s sustainability practices,
                                              pengendalian aspek ekonomi, sosial, dan lingkungan         including the management of economic, social, and
                                              (termasuk isu iklim).                                      environmental aspects (including climate-related issues).

                                              Penggunaan Air [IDX E.04]                                  Water Usage [IDX E.04]
                                              Perseroan menyadari bahwa sumber air bersih semakin        The Company recognizes that clean water resources
                                              terbatas sebagai dampak dari perubahan ikim ekstrem.       are becoming increasingly limited as a result of extreme
                                              Oleh sebab itu, Perseroan mengimbau seluruh karyawan       climate change. Therefore, the Company encourages
                                              agar menggunakan air di area kantor dengan lebih           all employees to use water within the office area more
                                              bijak dan hemat. Saat ini Perseroan belum melakukan        wisely and efficiently. Currently, the Company does




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pencatatan penggunaan air karena biaya sewa gedung          not record water usage, as the annual building rental
yang dibayarkan setiap tahun sudah termasuk fasilitas       fee paid by the Company already includes water usage
penggunaan air.                                             facilities.

Jumlah Limbah dan Efluen yang                               Total Waste and Effluents Generated by
Dihasilkan Berdasarkan Jenis [IDX E.05]                     Type [IDX E.05]
Perseroan memastikan bahwa kegiatan operasionalnya          The Company ensures that its operational activities
tidak menghasilkan limbah atau efluen berbahaya yang        do not generate hazardous waste or effluents that
memerlukan sistem pengelolaan khusus. Termasuk di           require a special management system. In this regard,
dalamnya, Perseroan meminimalkan risiko tumpahan            the Company also minimizes the risk of spills or other
atau dampak negatif lainnya terkait limbah yang             potential negative impacts associated with the waste
dihasilkan.                                                 generated.

Mekanisme Pengelolaan Limbah                                Waste Management Mechanism
Perseroan memastikan pengelolaan seluruh limbah             The Company ensures that all waste generated from its




                                                                                                                             Corporate Social Responsibility (CSR)
                                                                                                                             Tanggung Jawab Sosial dan Lingkungan (TJSL)
yang dihasilkan dari kegiatan operasional dikelola          operational activities is managed in an orderly manner
dengan tertib sesuai prosedur yang berlaku, serta           in accordance with applicable procedures and refers to
mengacu pada mekanisme pengelolaan yang telah               the waste management mechanism agreed upon with
disepakati dengan pemilik gedung tempat operasional         the building owner where the operations take place.
berlangsung.

Pengelolaan limbah padat non-B3 seperti kertas, kardus,     The management of non-hazardous solid waste, such as
plastik, dan sampah rumah tangga kantor dikumpulkan         paper, cardboard, plastic, and office domestic waste, is
dan dipilah sesuai jenisnya, untuk kemudian dikelola        carried out by collecting and sorting the waste according
dan didaur ulang oleh pihak ketiga yang berizin resmi.      to its type, after which it is managed and recycled by
Sementara itu, limbah cair seperti air limba domestik       licensed third parties. Meanwhile, liquid waste such as
(toilet, wastafel, dan pantry) dikelola secara independen   domestic wastewater (from toilets, sinks, and pantries)
oleh pemilik gedung tempat operasional Perseroan            is managed independently by the building owner where
berlangsung.                                                the Company’s operations are conducted.

Tumpahan yang Terjadi                                       Spill Incidents
Kegiatan operasi Perseroan tidak menghasilkan limbah        The Company’s operational activities do not generate
B3 cair yang dapat menimbulkan tumpahan. Sepanjang          liquid hazardous waste that could result in spills.
2025, tidak terdapat tumpahan limbah yang dihasilkan        Throughout 2025, there were no waste spills arising
dari kegiatan operasional Perseroan, termasuk entitas       from the Company’s operational activities, including
anak dan entitas asosiasi.                                  those of its subsidiaries and associated entities.

Jumlah Pengaduan Lingkungan Hidup                           Total    Environmental                    Complaints
yang Diterima dan Diselesaikan                              Received and Resolved
Perseroan membuka diri terhadap seluruh kritik,             The Company is open to all criticism, suggestions, and
saran, dan masukan dari pemangku kepentingan                feedback from stakeholders regarding operational
terkait kegiatan operasional yang berdampak pada            activities that may impact the surrounding community
masyarakat dan lingkungan sekitar. Untuk itu, Perseroan     and environment. To this end, the Company provides
menyediakan sarana komunikasi yang mudah diakses,           accessible communication channels to enable
sehingga pemangku kepentingan dapat menyampaikan            stakeholders to submit complaints or reports concerning
keluhan atau laporan mengenai isu pencemaran                environmental pollution issues that may arise from the
lingkungan yang mungkin timbul dari kegiatan                Company’s operational activities.
operasional Perseroan.

Sepanjang tahun 2025, Perseroan tidak menerima              Throughout 2025, the Company did not receive any
pengaduan dari masyarakat maupun pemangku                   complaints from the public or other stakeholders related
kepentingan lain terkait aspek lingkungan hidup.            to environmental aspects. The Company ensures that
Perseroan memastikan seluruh kegiatan operasionalnya        all of its operational activities comply with applicable
mematuhi undang-undang dan peraturan lingkungan             environmental laws and regulations. The Company
yang berlaku. Perseroan mencatat tidak adanya kasus         recorded no cases of non-compliance during 2025.
ketidakpatuhan selama tahun 2025.




Laporan Tahunan 2025 Annual Report                                                 PT Indoritel Makmur Internasional Tbk   189
Page 192
                                                                                                                                                      indoritel.co.id




                                              TANGGUNG JAWAB PENGEMBANGAN                                RESPONSIBILITY FOR THE DEVELOPMENT
                                              PRODUK DAN JASA BERKELANJUTAN                              OF SUSTAINABLE PRODUCTS AND
                                              [POJK A.6f]                                                SERVICES [POJK A.6f]

                                              Inovasi, Pengembangan Produk, dan                          Innovation, Product Development, and
                                              Layanan yang Berkelanjutan                                 Sustainable Services
                                              Dalam menghadapi persaingan di era digital, Perseroan      In facing competition in the digital era, the Company
                                              terus melakukan berbagai langkah inovatif, termasuk        continues to undertake various innovative initiatives,
                                              penerapan strategi pemasaran yang efektif melalui jalur    including the implementation of effective marketing
                                              omnichannel dan penyediaan beragam metode belanja          strategies through omnichannel channels and the
                                              untuk memenuhi kebutuhan konsumen. Perseroan juga          provision of various shopping methods to meet
                                              secara aktif mempelajari pola dan perilaku konsumen        consumer needs. The Company also actively studies
                                              guna mengambil keputusan strategis yang tepat              consumer patterns and behavior in order to make well-
                                              sasaran.                                                   targeted strategic decisions.
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              Evaluasi Keamanan Produk dan Jasa                          Product and Service Safety Evaluation
                                              Perseroan, termasuk entitas anak dan entitas asosiasi,     The Company, including its subsidiaries and associated
                                              terus mengawasi dan mengevaluasi keamanan produk           entities, continuously monitors and evaluates product
                                              secara ketat sebelum diluncurkan ke pasar. FiberStar       safety rigorously before products are launched to the
                                              memastikan bahwa jaringan yang disediakan 100% aman        market. FiberStar ensures that the network services it
                                              digunakan pelanggan. FiberStar juga memiliki layanan       provides are 100% safe for customers to use. FiberStar
                                              Customer Care yang siap melayani pelanggan selama 24       also operates a Customer Care service that is available
                                              jam setiap harinya. Untuk memastikan jaminan kualitas      to serve customers 24 hours a day. To ensure that the
                                              produk dan layanan sesuai standar internasional,           quality of its products and services meets international
                                              FiberStar telah memiliki sejumlah sertifikasi yang         standards, FiberStar has obtained several certifications
                                              menjamin kualitas dan keamanan produknya.                  that guarantee the quality and safety of its products.

                                              ROTI memastikan bahwa semua produk kue ataupun             ROTI ensures that all cakes and bread products produced
                                              roti yang dihasilkan merupakan produk berkualitas          are of high quality, halal, and safe for consumption.
                                              tinggi, halal, dan aman dikonsumsi. Produk dan proses      ROTI’s products and production processes have been
                                              produksi ROTI telah tersertifikasi sesuai standar Good     certified in accordance with Good Manufacturing
                                              Manufacturing Practice (GMP), Sanitation Standard          Practice (GMP), Sanitation Standard Operating
                                              Operating Procedure (SSOP), Sistem Jaminan Halal (SJH),    Procedure (SSOP), the Halal Assurance System (SJH),
                                              Standar Sistem Manajemen Keamanan Pangan (ISO/TS           the Food Safety Management System Standard (ISO/
                                              22002-1:2009 dan ISO 22000:2005), dan Standar Sistem       TS 22002-1:2009 and ISO 22000:2005), and the Quality
                                              Manajemen Mutu (ISO 9001:2015). Semua produk ROTI          Management System Standard (ISO 9001:2015). All
                                              juga telah terdaftar dan mendapatkan izin Edar (Nomor      ROTI products have also been registered and obtained
                                              MD/Merek Dalam) dari BPOM dan mendapatkan                  distribution permits (MD Number/Domestic Brand) from
                                              sertifikat halal dari LPPOM-MUI.                           the Food and Drug Supervisory Agency (BPOM) and have
                                                                                                         received halal certification from LPPOM-MUI.

                                              Indomaret selalu memastikan keamanan dan kualitas          Indomaret consistently ensures the safety and quality of
                                              produk yang dijual kepada pelanggan. Salah satu            the products sold to customers. One of the procedures
                                              prosedur yang diterapkan adalah sistem First In First      implemented is the First In First Out (FIFO) system
                                              Out (FIFO) untuk meminimalisir barang yang harus           to minimize products that must be returned due to
                                              diretur karena kadaluwarsa. Selain itu, produk-produk      expiration. In addition, products sold in Indomaret
                                              yang dijual di gerai-gerai Indomaret juga telah melalui    outlets have undergone inspection processes in
                                              proses pemeriksaan sesuai regulasi yang berlaku, dan       accordance with applicable regulations and have
                                              telah memiliki izin Pangan Industri Rumah Tangga           obtained Home Industry Food Production permits (PIRT),
                                              (PIRT), Badan Pengawas Obat dan Makanan (BPOM),            approval from the Food and Drug Supervisory Agency
                                              dan bersertifikat halal. Pada semua kemasan produk         (BPOM), and halal certification. All product packaging
                                              yang dijual juga tercantum informasi lengkap yang berisi   also includes complete information containing a brief
                                              penjelasan singkat produk, komposisi bahan baku, dan       product description, the composition of raw materials,
                                              cara penggunaan/konsumsi.                                  and instructions for use or consumption.




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FAST juga senantiasa mematuhi regulasi yang berlaku       FAST also consistently complies with applicable
di industri makanan dan memastikan keamanan,              regulations in the food industry and ensures the safety,
mutu, dan kualitas makanan yang dijual kepada para        quality, and standard of the food served to customers.
pelanggan. FAST rutin melakukan evaluasi yang ketat       FAST routinely conducts strict evaluations of the quality
terhadap kualitas bahan baku, bahan kemas yang            of raw materials, packaging materials used, and the final
digunakan, dan produk akhir yang dihasilkan.              products produced.

Sepanjang tahun 2025, tidak terdapat laporan              Throughout 2025, there were no complaints reported
pengaduan terkait dampak negatif yang ditimbulkan dari    regarding negative impacts arising from the products
produk-produk yang dipasarkan terhadap kesehatan          marketed on customer health and safety, whether from
dan keselamatan pelanggan, baik dari Perseroan, entitas   the Company, its subsidiaries, or associated entities.
anak, dan entitas asosiasi.

Dampak Produk dan Jasa                                    Product and Service Impacts
Perseroan menjamin seluruh produk yang dihasilkan         The Company ensures that all products produced or




                                                                                                                           Corporate Social Responsibility (CSR)
                                                                                                                           Tanggung Jawab Sosial dan Lingkungan (TJSL)
atau dipasarkan oleh FiberStar, Indomaret, FAST, dan      marketed by FiberStar, Indomaret, FAST, and ROTI do
ROTI tidak menimbulkan dampak negatif dan berbahaya       not cause negative or harmful impacts to customers,
bagi pelanggan, sepanjang seluruh produk dan jasa         provided that such products and services are used in
tersebut digunakan sesuai dengan instruksi dan anjuran    accordance with the instructions and recommendations
yang diberikan.                                           provided.

FiberStar secara konsisten melakukan edukasi kepada       FiberStar consistently conducts community outreach
masyarakat setempat mengenai perencanaan dan              to local communities regarding the planning and
implementasi proyek jaringan kabel serat optik,           implementation of fiber optic network projects, including
termasuk menjelaskan dampak positif teknologi             explaining the positive impacts of the technology on
terhadap lingkungan dan kehidupan sehari-hari.            the environment and daily life. During infrastructure
Selama     pembangunan      infrastruktur, FiberStar      development, FiberStar always takes environmental and
selalu memperhatikan aspek lingkungan dan sosial,         social aspects into consideration, including selecting
termasuk pemilihan rute pemasangan yang tepat untuk       appropriate installation routes to minimize negative
meminimalkan dampak negatif terhadap masyarakat           impacts on surrounding communities and ecosystems.
dan ekosistem sekitar.

Sebagai pelopor bisnis ritel makanan dan restoran         As pioneers in the food retail and quick-service
cepat saji di Indonesia, FAST dan ROTI memastikan         restaurant business in Indonesia, FAST and ROTI ensure
bahwa seluruh produk yang dipasarkan aman dan             that all products marketed are safe and suitable for
layak dikonsumsi, menjaga kesehatan dan keselamatan       consumption, thereby safeguarding consumer health
konsumen. Sementara itu, Indomaret terus memperluas       and safety. Meanwhile, Indomaret continues to expand
jangkauan     operasionalnya   untuk    meningkatkan      its operational reach to improve accessibility and
aksesibilitas dan perekonomian daerah, sekaligus          regional economic development, while also creating
membuka peluang usaha bagi pelaku UMKM lokal,             business opportunities for local MSMEs, thereby
sehingga turut mendukung pemberdayaan ekonomi             supporting community economic empowerment within
masyarakat di wilayah operasional Perseroan.              the Company’s operational areas.

Dalam hal terdapat dampak negatif terhadap produk         In the event that negative impacts arise from the
dan jasa yang dipasarkan, langkah mitigasi yang           products and services marketed, the Company will
dilakukan Perseroan adalah menarik produk dan             implement mitigation measures by withdrawing the
jasa seluruhnya dari pasaran untuk dilakukan proses       products and services entirely from the market to
identifikasi dan investigasi secara komprehensif.         conduct comprehensive identification and investigation
Sementara itu, Perseroan juga akan bertanggung jawab      processes. In addition, the Company will assume
kepada pelanggan dengan memberikan kompensasi             responsibility to customers by providing proportional
dan ganti rugi secara proporsional terhadap kerugian      compensation and indemnification for any losses
yang dialami pelanggan, dan memastikan pelanggan          incurred, while ensuring that customers receive fair
menerima perlakuan yang adil (fair treatment) dari        treatment in accordance with the Company’s decisions.
keputusan Perseroan.

Jumlah Produk yang Ditarik Kembali                        Total Product Recalls
Hingga tahun 2025, tidak terdapat penarikan terhadap      As of 2025, there were no recalls of products from the
produk-produk entitas anak dan entitas asosiasi yang      Company’s subsidiaries and associated entities that had
telah didistribusikan dan dipasarkan secara luas.         been widely distributed and marketed.



Laporan Tahunan 2025 Annual Report                                               PT Indoritel Makmur Internasional Tbk   191
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                                                                                                                                                         indoritel.co.id




                                              Saluran Pengaduan Pelanggan                                 Customer Complaint Channels
                                              Kepuasan    dan     kepercayaan   pelanggan     sangat      Customer satisfaction and trust are critical to the
                                              menentukan keberlangsungan usaha Perseroan secara           Company’s long-term business sustainability. The
                                              jangka panjang. Perseroan membutuhkan keterlibatan          Company requires customer involvement in the process
                                              pelanggan dalam proses peningkatan kualitas produk dan      of improving the quality of its products and services
                                              layanan melalui penyampaian saran dan umpan balik.          through the submission of suggestions and feedback.

                                              FiberStar menyediakan layanan call center dan media         FiberStar provides a call center service and social
                                              sosial di mana pelanggan dapat menyampaikan keluhan         media platforms through which customers can submit
                                              atau masukan atas produk dan/atau layanan yang              complaints or feedback regarding the products and/or
                                              diberikan. Selain itu, FiberStar juga melakukan kunjungan   services provided. In addition, FiberStar also conducts
                                              langsung ke lokasi pelanggan untuk memahami                 direct visits to customer locations to better understand
                                              dan memberikan solusi praktis atas keluhan yang             and provide practical solutions to customer complaints.
                                              dialami pelanggan. Pengaduan, kritik, dan saran serta       Complaints, feedback, suggestions, and inquiries
                                              pertanyaan terkait layanan FiberStar dapat disampaikan      related to FiberStar’s services can be submitted through
Corporate Social Responsibility (CSR)
Tanggung Jawab Sosial dan Lingkungan (TJSL)




                                              melalui saluran resmi Customer Care FiberStar.              FiberStar’s official Customer Care channels.

                                              ROTI menyediakan fasilitas SariRoti Peduli yang             ROTI provides the SariRoti Peduli facility, which can
                                              dapat diakses melalu situs web dengan alamat www.           be accessed through its website at www.sariroti.
                                              sariroti.com. Melalui SariRoti Peduli, pelanggan dapat      com. Through SariRoti Peduli, customers can submit
                                              menyampaikan informasi saran, maupun masukan                suggestions and feedback related to ROTI products.
                                              terkait produk ROTI. FAST juga menyediakan nomor            FAST also provides a customer service hotline at
                                              layanan pelanggan 14022 untuk menampung keluhan             14022 to accommodate complaints and suggestions
                                              dan saran dari konsumen. Sedangkan pengaduan, kritik,       from consumers. Meanwhile, complaints, feedback,
                                              dan saran serta pertanyaan perihal Indomaret dapat          suggestions, and inquiries regarding Indomaret can be
                                              disampaikan melalui Layanan Konsumen Indomaret.             submitted through Indomaret Customer Service.

                                              Setiap masukan yang diterima akan ditangani oleh            Each input received will be handled by the relevant
                                              unit kerja terkait sesuai dengan prosedur yang berlaku      work unit in accordance with applicable procedures and
                                              dan diselesaikan dalam jangka waktu tertentu. Hingga        resolved within a specified period. As of the end of 2025,
                                              akhir tahun 2025, FiberStar menerima 290.745 laporan        FiberStar received 290,745 customer complaint reports,
                                              pengaduan dari pelanggan dengan topik terbanyak             with the most common topics being Complaint (76.40%),
                                              mengenai Complaint (76,40%), Inquiry (15,36%) dan           Inquiry (15.36%), and Request (8.23%). All of these
                                              Request (8,23%). Seluruh laporan pengaduan tersebut         complaint reports have been handled properly and fully
                                              telah ditangani dengan baik dan tuntas seluruhnya oleh      resolved by FiberStar.
                                              FiberStar.

                                              Survei Kepuasan Pelanggan                                   Customer Satisfaction Survey
                                              Setiap tahun, FiberStar melakukan survei pelanggan          Each year, FiberStar conducts an annual customer
                                              tahunan untuk mendapatkan umpan balik terkait kualitas      survey to obtain feedback on the quality of the products
                                              produk dan layanan yang diberikan. Pada 2025, FiberStar     and services provided. In 2025, FiberStar conducted a
                                              melakukan survei terhadap 428 konsumen retail sebagai       survey of 428 retail customers as respondents using a
                                              responden dengan menggunakan kuesioner. Hasil survei        questionnaire. The survey results showed that customer
                                              menunjukkan kepuasan konsumen mencapai skor 3,49            satisfaction reached a score of 3.49 out of a scale of 4,
                                              dari skala 4. Hal ini menandakan bahwa konsumen             indicating that customers have a high level of satisfaction
                                              memiliki tingkat keputasan yang baik atas layanan yang      with the services provided by FiberStar.
                                              diberikan oleh FiberStar.




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Verifikasi Pihak Eksternal
External Verification


Hingga saat ini, Perseroan belum melakukan proses         To date, the Company has not conducted an external
penjaminan oleh pihak eksternal atas laporan ini.         assurance process for this report. All content and data
Seluruh isi dan data yang tersajikan dalam laporan ini    presented in this report have undergone an internal
telah melalui proses verifikasi internal yang disetujui   verification process approved by the Board of Directors.
oleh Direksi.




                                                                                                                           Corporate Social Responsibility (CSR)
                                                                                                                           Tanggung Jawab Sosial dan Lingkungan (TJSL)
Umpan Balik
Feedback



Perseroan terus berupaya meningkatkan kualitas            The Company continuously strives to improve the quality
penyajian    dan     substansi informasi  Laporan         of the presentation and the substance of information
Keberlanjutan. Untuk itu, Perseroan membutuhkan           in its Sustainability Report. To this end, the Company
saran, masukan, dan umpan balik yang konstruktif          welcomes constructive suggestions, input, and feedback
dari seluruh para pemangku kepentingan dan para           from all stakeholders and readers. Stakeholders are
pembaca. Para pemangku kepentingan diarahkan untuk        encouraged to complete the feedback form provided at
dapat mengisi lembar umpan balik yang tersedia di         the end of this report.
bagian akhir dari laporan ini.



TANGGAPAN TERHADAP UMPAN BALIK                            RESPONSE         TO FEEDBACK ON THE
LAPORAN   KEBERLANJUTAN TAHUN                             PREVIOUS          YEAR’S SUSTAINABILITY
SEBELUMNYA                                                REPORT

Perseroan tidak menerima adanya umpan balik atas          The Company did not receive any feedback on the
Laporan Keberlanjutan tahun 2024. Untuk itu, tidak        2024 Sustainability Report. Therefore, there are no
terdapat tanggapan yang dapat disampaikan Perseroan       responses from the Company regarding feedback from
terhadap umpan balik dari pemangku kepentingan.           stakeholders.




Laporan Tahunan 2025 Annual Report                                               PT Indoritel Makmur Internasional Tbk   193
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                                                                                                                                                     indoritel.co.id




      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
      No.                               Keterangan                                                                      Description
                                                                                 Page


       I. Ketentuan Umum                                                                 I.   General Provision
            1.   Dalam Surat Edaran Otoritas Jasa Keuangan ini yang dimaksud     ✓            1.   In this Financial Services Authority Circular Letter what is
                 dengan:                                                                           meant by:
                 a.    Laporan Tahunan adalah laporan pertanggungjawaban                           a.    The Annual Report is a report on the Board of
                       Direksi dan Dewan Komisaris dalam melakukan                                       Directors and Board of Commissioners accountability
                       pengurusan dan pengawasan terhadap emiten atau                                    in managing and supervising issuers or public
                       perusahaan publik dalam kurun waktu 1 (satu) tahun                                companies within a period of 1 (one) fiscal year to
                       buku kepada rapat umum pemegang saham yang                                        the general meeting of shareholders prepared based
                       disusun berdasarkan ketentuan dalam Peraturan                                     on the provisions of the Financial Services Authority
                       Otoritas Jasa Keuangan mengenai Laporan Tahunan                                   Regulation concerning the Annual Report of issuers or
                       emiten atau perusahaan publik.                                                    public companies
                 b.    Emiten adalah pihak yang melakukan penawaran                                b.    Issuers are parties who make public offerings
                       umum.
                 c.    Perusahaan Publik adalah perseroan yang sahamnya                            c.    A Public Company is a company whose shares
                       telah dimiliki paling sedikit oleh 300 (tiga ratus)                               are owned by at least 300 (three hundred)
                       pemegang saham dan memiliki modal disetor paling                                  shareholders and has a paid-up capital of at least
                       sedikit Rp3.000.000.000,00 (tiga miliar rupiah) atau                              Rp3,000,000,000.00 (three billion rupiah) or a number
                       suatu jumlah pemegang saham dan modal disetor yang                                of shareholders and paid-up capital as determined by
                       ditetapkan oleh Otoritas Jasa Keuangan.                                           the Financial Services Authority
                 d.    Perusahaan Terbuka adalah Emiten yang telah                                 d.    A Public Company is an Issuer that has made a public
                       melakukan penawaran umum efek bersifat ekuitas atau                               offering of equity securities or a Publically- listed
                       Perusahaan Publik.                                                                Company
                 e.    Laporan Keberlanjutan (Sustainability Report) adalah                        e.    A Sustainability Report is a report published to the
                       laporan yang diumumkan kepada masyarakat yang                                     public that contains the economic, financial, social,
                       memuat kinerja ekonomi, keuangan, sosial, dan                                     and environmental performance of a financial service
                       lingkungan hidup suatu lembaga jasa keuangan,                                     institution, Issuer, and Public Company in running a
                       Emiten, dan Perusahaan Publik dalam menjalankan                                   sustainable business
                       bisnis berkelanjutan.
                 f     Direksi:                                                                    f     Board of Directors:
                       1) bagi Emiten atau Perusahaan Publik berbentuk                                   1) For an Issuer or a Public Company in the form
                          badan hukum perseroan terbatas adalah Direksi                                     of a limited liability company, it is the Board of
                          sebagaimana dimaksud dalam Peraturan Otoritas                                     Directors as referred to in the Financial Services
                          Jasa Keuangan mengenai Direksi dan Dewan                                          Authority Regulation concerning the Board of
                          Komisaris Emiten atau Perusahaan Publik; dan                                      Directors and Board of Commissioners of an Issuer
                                                                                                            or Public Company; and
                       2) bagi Emiten atau Perusahaan Publik berbentuk                                   2) For an Issuer or a Public Company in the form of a
                          badan hukum selain perseroan terbatas adalah                                      legal entity other than a limited liability company,
                          organ yang melaksanakan pengurusan badan                                          it is the body that carries out the management
                          hukum tersebut sebagaimana dimaksud dalam                                         of the legal entity as referred to in the laws and
                          peraturan perundang- undangan mengenai badan                                      regulations concerning the legal entity.
                          hukum tersebut.
                 g.    Dewan Komisaris:                                                            g.    Board of Commissioners:
                       1) bagi Emiten atau Perusahaan Publik berbentuk                                   1) For an Issuer or a Public Company in the form
                          badan hukum perseroan terbatas adalah Dewan                                       of a limited liability company, the Board of
                          Komisaris sebagaimana dimaksud dalam Peraturan                                    Commissioners as referred to in the Financial
                          Otoritas Jasa Keuangan mengenai Direksi dan                                       Services Authority Regulation concerning the
                          Dewan Komisaris Emiten atau Perusahaan Publik;                                    Board of Directors and Board of Commissioners of
                          dan                                                                               an Issuer or Public Company; and
                       2) bagi Emiten atau Perusahaan Publik berbentuk                                   2) For the Issuer or Public Company in the form of a
                          badan hukum selain perseroan terbatas adalah                                      legal entity other than a limited liability company,
                          organ yang melakukan pengawasan badan hukum                                       it is the body that supervises the legal entity as
                          tersebut sebagaimana dimaksud dalam peraturan                                     referred to in the laws and regulations concerning
                          perundang- undangan mengenai badan hukum                                          the legal entity.
                          tersebut.
                 h.    Rapat Umum Pemegang Saham yang selanjutnya                                  h.    General Meeting of Shareholders hereinafter
                       disingkat RUPS:                                                                   abbreviated as GMS:




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                                                                          Halaman
No.                                Keterangan                                                                     Description
                                                                            Page

                  1) bagi Emiten atau Perusahaan Publik berbentuk                                 1) For an Issuer or a Public Company in the form of a
                     badan hukum perseroan terbatas adalah RUPS                                      limited liability company, it is the GMS as referred
                     sebagaimana dimaksud dalam Peraturan                                            to in the Financial Services Authority Regulation
                     Otoritas Jasa Keuangan mengenai Rencana dan                                     concerning the Planning and Organizing of the
                     Penyelenggaraan Rapat Umum Pemegang Saham                                       General Meeting of Shareholders of a Public
                     Perusahaan Terbuka; dan                                                         Company; and
                  2) bagi Emiten atau Perusahaan Publik berbentuk                                 2) For an Issuer or Public Company in the form of a
                     badan hukum selain perseroan terbatas adalah                                    legal entity other than a limited liability company,
                     organ yang mempunyai wewenang yang tidak                                        it is the body that has authority that is not given to
                     diberikan kepada organ yang melaksanakan fungsi                                 any other body that carries out management and
                     pengurusan dan fungsi pengawasan, dalam batas                                   supervisory functions, within the limits specified
                     yang ditentukan dalam peraturan perundang-                                      in the legislation and/or articles of association
                     undangan dan/atau anggaran dasar yang mengatur                                  governing the legal entity.
                     badan hukum tersebut.
      2.   Laporan Tahuna Emiten atau Perusahaan Publik merupakan           ✓          2.   The Annual Report of Issuers or Public Companies is
           sumber informasi penting bagi investor atau pemegang                             an important source of information for investors or
           saham sebagai salah satu dasar pertimbangan dalam                                shareholders as one of the basic considerations in making
           pengambilan keputusan investasi dan sarana pengawasan                            investment decisions and a means of supervision of Issuers
           terhadap Emiten atau Perusahaan Publik.                                          or Public Companies.
      3.   Seiring dengan perkembangan pasar modal dan                      ✓          3.   Along with the development of the capital market and the
           meningkatnya kebutuhan investor atau pemegang saham atas                         increasing need for information disclosure by investors
           keterbukaan informasi, Direksi dan Dewan Komisaris dituntut                      or shareholders, the Board of Directors and the Board of
           untuk menyajikan informasi yang berkualitas, akurat, dan                         Commissioners are required to present quality, accurate,
           akuntabel melalui Laporan Tahunan Emiten atau Perusahaan                         and accountable information through the Annual Reports of
           Publik.                                                                          Issuers or Public Companies.
      4.   Laporan Tahunan yang disusun secara teratur dan informatif       ✓          4.   Annual Reports that are prepared regularly and informatively
           dapat memberikan kemudahan bagi investor atau pemegang                           can provide convenience for investors or shareholders and
           saham dan pemangku kepentingan dalam memperoleh                                  stakeholders in obtaining the required information.
           informasi yang dibutuhkan.
      5    Surat Edaran Otoritas Jasa Keuangan ini merupakan                ✓          5    This Financial Services Authority Circular is a guideline
           pedoman bagi Emiten atau Perusahaan Publik yang wajib                            for Issuers or Public Companies that must be applied in
           diterapkan dalam menyusun Laporan Tahunan dan Laporan                            preparing Annual Reports and Sustainability Reports.
           Keberlanjutan.
 II. Bentuk Laporan Tahunan                                                         II. Format of Annual Report
      1.   Laporan Tahunan disajikan dalam bentuk dokumen cetak dan         ✓          1.   Annual Report should be presented in the printed format
           salinan dokumen elektronik.                                                      and in electronic document copy..
      2.   Laporan Tahunan yang disajikan dalam bentuk dokumen              ✓          2.   The printed version of the Annual Report should be printed
           cetak, dicetak pada kertas yang berwarna terang, berkualitas                     on light-colored paper of fine quality, in A4 size, bound and
           baik, berukuran A4, dijilid, dan dapat diperbanyak dengan                        can be reproduced in good quality.
           kualitas yang baik.
      3.   Laporan Tahunan dapat menyajikan informasi berupa                ✓          3.   The Annual Report may present information in the form of
           gambar, grafik, tabel, dan/atau diagram dengan                                   pictures, graphs, tables, and/or diagrams by including clear
           mencantumkan judul dan/atau keterangan yang jelas,                               titles and/or descriptions, so that they are easy to read and
           sehingga mudah dibaca dan dipahami.                                              understand.
      4.   Laporan Tahunan yang disajikan dalam bentuk salinan              ✓          4.   The Annual Report presented in electronic document format
           dokumen elektronik merupakan Laporan Tahunan yang                                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 mengenai:        ✓          1.   Annual Report should contain at least the following
                                                                                            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;
           f.   Analisis dan pembahasan manajemen;                          ✓               f.   Management discussion and analysis;




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                 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 the
                      Perusahaan Publik;                                                             Issuer or Public Company;
                 i.   Laporan keuangan tahunan yang telah diaudit; dan             ✓            i.   Audited annual report; and
                 j.   Surat pernyataan anggota Direksi dan anggota Dewan           ✓            j.   Statement that the Board of Directors and the Board
                      Komisaris tentang tanggung jawab atas Laporan                                  of Commissioners are fully responsible for the Annual
                      Tahunan;                                                                       Report;
            2.   Uraian Isi Laporan Tahunan                                                2.   Description of Content of Annual Report
                 a.   Ikhtisar Data Keuangan Penting                               10           a.   Summary of Key Financial Information
                      Ikhtisar Data Keuangan Penting memuat informasi              10                Summary of Key Financial Information contains financial
                      keuangan yang disajikan dalam bentuk perbandingan                              information presented in comparison with previous 3
                      selama 3 (tiga) tahun buku atau sejak memulai                                  (three) fiscal years or since commencement of business
                      usahanya jika Emiten atau Perusahaan Publik tersebut                           if the Issuers or the Public Company commencing the
                      menjalankan kegiatan usahanya kurang dari 3 (tiga)                             business less than 3 (three) years, at least contain:
                      tahun, paling sedikit memuat:
                      1)   pendapatan/penjualan;                                   10                1)   income/sales;
                      2)   laba bruto;                                             10                2)   gross profit;
                      3)   laba (rugi);                                            10                3)   profit (loss);
                      4)   jumlah laba (rugi) yang dapat diatribusikan kepada      10                4)   total profit (loss) attributable to equity holders of
                           pemilik entitas induk dan kepentingan non                                      the parent entity and non-controlling interest;
                           pengendali;
                      5)   total laba (rugi) komprehensif;                         10                5)   total comprehensive profit (loss);
                      6)   jumlah laba (rugi) komprehensif yang dapat              10                6)   total comprehensive profit (loss) attributable
                           diatribusikan kepada pemilik entitas induk dan                                 to equity holders of the parent entity and non
                           kepentingan non pengendali;                                                    controlling interest;
                      7)   laba (rugi) per saham;                                  10                7)   earning (loss) per share;
                      8)   jumlah aset;                                            10                8)   total assets;
                      9)   jumlah liabilitas;                                      10                9)   total liabilities;
                      10) jumlah ekuitas;                                          10                10) total equities;
                      11) rasio laba (rugi) terhadap jumlah aset;                  10                11) profit (loss) to total assets ratio;
                      12) rasio laba (rugi) terhadap ekuitas;                      10                12) profit (loss) to equities ratio;
                      13) rasio laba (rugi) terhadap pendapatan/penjualan;         10                13) profit (loss) to income ratio;
                      14) rasio lancar;                                            10                14) current ratio;
                      15) rasio liabilitas terhadap ekuitas;                       10                15) liabilities to equities ratio;
                      16) rasio liabilitas terhadap jumlah aset; dan               10                16) liabilities to total assets ratio; and
                      17) informasi dan rasio keuangan lainnya yang relevan        10                17) other information and financial ratios relevant to
                          dengan Emiten atau Perusahaan Publik dan jenis                                 the Issuer or Public Company and type of industry;
                          industrinya;
                 b.   Informasi Saham                                              12           b.   Stock Information
                      Informasi Saham (jika ada) paling sedikit memuat:            12                Stock Information (if any) at least contains:
                      1)   saham yang telah diterbitkan untuk setiap masa          12                1)   shares issued for each three-month period in the
                           triwulan (jika ada) yang disajikan dalam bentuk                                last 2 (two) fiscal years (if any), at least covering:
                           perbandingan selama 2 (dua) tahun buku terakhir,
                           paling sedikit meliputi:
                           a)   jumlah saham yang beredar;                         12                     a)    number of outstanding shares;
                           b)   kapitalisasi pasar berdasarkan harga pada          12                     b)    market capitalization based on the price at
                                Bursa Efek tempat saham dicatatkan;                                             the Stock Exchange where the shares listed
                                                                                                                on;
                           c)   harga saham tertinggi, terendah, dan               12                     c)    highest share price, lowest share price,
                                penutupan berdasarkan harga pada Bursa                                          closing share price at the Stock Exchange
                                Efek tempat saham dicatatkan; dan                                               where the shares listed on; and
                           d)   volume perdagangan pada Bursa Efek tempat          12                     d)    share volume at the Stock Exchange where
                                saham dicatatkan;                                                               the shares listed on;
                           Informasi pada huruf a) diungkap oleh Emiten yang                              Information in point a) should be disclosed by the
                           merupakan Perusahaan Terbuka yang sahamnya                                     Issuer, the public company whose shares is listed
                           tercatat maupun tidak tercatat di Bursa Efek;                                  or not listed in the Stock Exchange;


                           Informasi pada huruf b), c), dan huruf d) hanya                                Information in point b), point c), and point d) only
                           diungkapkan jika Emiten merupakan Perusahaan                                   be disclosed if the Issuer is a public company
                           Terbuka dan sahamnya tercatat di Bursa Efek;                                   whose shares is listed in the Stock Exchange;
                      2)   dalam hal terjadi aksi korporasi, seperti pemecahan     13                2)   in the event of corporate actions, including stock
                           saham (stock split), penggabungan saham                                        split, reverse stock, dividend, bonus share, and
                           (reverse stock), dividen saham, saham bonus, dan                               change in par value of shares, then the share
                           perubahan nilai nominal saham, informasi saham                                 price referred to in point 1), should be added with
                           sebagaimana dimaksud pada angka 1) ditambahkan                                 explanation on:
                           penjelasan paling sedikit mengenai:


                           a)   tanggal pelaksanaan aksi korporasi;                13                     a)    date of corporate action;
                           b)   rasio pemecahan saham (stock split),               13                     b)    stock split ratio, reverse stock, dividend,
                                penggabungan saham (reverse stock), dividen                                     bonus shares, and change in par value of
                                saham, saham                                                                    shares;
                           c)   jumlah saham beredar sebelum dan sesudah           13                     c)    number of outstanding shares prior to and
                                aksi korporasi; dan                                                             after corporate action; and




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                   d)   jumlah efek konversi yang dilaksanakan (jika     13                d)   The number of convertible securities
                        ada); dan                                                               exercised (if any); and
                   e)   harga saham sebelum dan sesudah aksi             13                e)   share price prior to and after corporate
                        korporasi;                                                              action;
              3)   dalam hal terjadi penghentian sementara               13           3)   in the event that the company’s shares were
                   perdagangan saham (suspension), dan/atau                                suspended and/or delisted from trading during
                   penghapusan pencatatan saham (delisting) dalam                          the year under review, then the Issuers or Public
                   tahun buku, Emiten atau Perusahaan Publik                               Company should provide explanation on the
                   menjelaskan alasan penghentian sementara                                reason for the suspension and/or delisting; and
                   perdagangan saham (suspension) dan/atau
                   penghapusan pencatatan saham (delisting)
                   tersebut; dan
              4)   dalam hal penghentian sementara perdagangan           13           4)   in the event that the suspension and/or delisting
                   saham (suspension) dan/atau penghapusan                                 as referred to in point 3) was still in effect until the
                   pencatatan saham (delisting) sebagaimana                                date of the Annual Report, then the Issuer or the
                   dimaksud pada angka 3) masih berlangsung                                Public Company should also explain the corporate
                   hingga akhir periode Laporan Tahunan, Emiten                            actions taken by the company in resolving the
                   atau Perusahaan Publik menjelaskan tindakan                             suspension and/or delisting;
                   yang dilakukan untuk menyelesaikan penghentian
                   sementara perdagangan saham (suspension) dan/
                   atau penghapusan pencatatan saham (delisting)
                   tersebut;
         c.   Laporan Direksi                                          28-35     c.   The Board of Directors Report
              Laporan Direksi paling sedikit memuat:                   28-35          The Board of Directors Report should at least contain
                                                                                      the following items:
              1)   uraian singkat mengenai kinerja Emiten atau         28-35          1)   the performance of the Issuer or Public Company,
                   Perusahaan Publik, paling sedikit meliputi:                             at least covering:
                   a)   strategi dan kebijakan strategis Emiten atau   28-35               a)   strategy and strategic policies of the Issuer or
                        Perusahaan Publik;                                                      Public Company;
                   b)   peranan Direksi dalam perumusan strategi dan   28-35               b)   Role of the Board of Directors in formulating
                        kebijakan strategis Emiten atau Perusahaan                              strategies and strategic policies of Issuers or
                        Publik;                                                                 Public Companies;
                   c)   proses yang dilakukan Direksi untuk            28-35               c)   Process carried out by the Board of Directors
                        memastikan implementasi strategi Emiten atau                            to ensure the implementation of the Issuer’s
                        Perusahaan Publik;                                                      or Public Company’s strategy;
                   d)   perbandingan antara hasil yang dicapai         28-35               d)   comparison between achievement of results
                        dengan yang ditargetkan; dan                                            and targets; and
                   e)   kendala yang dihadapi Emiten atau              28-35               e)   challenges faced by the Issuer or Public
                        Perusahaan Publik;                                                      Company;
              2)   gambaran tentang prospek usaha;                     28-35          2)   description on business prospects;
              3)   penerapan tata kelola Emiten atau Perusahaan        28-35          3)   implementation of good corporate governance by
                   Publik; dan                                                             Issuer or Public Company; and
              4)   perubahan komposisi anggota Direksi dan alasan        53           4)   changes in the composition of the Board of
                   perubahannya (jika ada);                                                Directors and the reason behind (if any);
         d.   Laporan Dewan Komisaris                                  22-27     d.   The Board of Commissioners Report
              Laporan Dewan Komisaris paling sedikit memuat:           22-27          The Board of Commissioners Report should at least
                                                                                      contain the following items:
              1)   Penilaian terhadap kinerja Direksi mengenai         22-27          1)   Assessment on the performance of the Board of
                   pengelolaan Emiten atau Perusahaan Publik;                              Directors in managing the Issuer or the Public
                                                                                           Company;
              2)   Pengawasan terhadap implementasi strategi Emiten    22-27          2)   Supervision on the implementation of the strategy
                   atau Perusahaan Publik;                                                 of the Issuer or Public Company;
              3)   Pandangan atas prospek usaha Emiten atau            22-27          3)   View on the business prospects of the Issuer or
                   Perusahaan Publik yang disusun oleh Direksi;                            Public Company as established by the Board of
                                                                                           Directors;
              4)   Pandangan atas penerapan tata kelola Emiten atau    22-27          4)   View on the implementation of the corporate
                   Perusahaan Publik;                                                      governance by the Issuer or Public Company;
              5)   Perubahan komposisi anggota Dewan Komisaris           53           5)   Changes in the composition of the Board of
                   dan alasan perubahannya (jika ada); dan                                 Commissioners and the reason behind (if any); 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 termasuk           42           1)   Name of Issuer or Public Company, including
                   apabila terdapat perubahan nama, alasan                                 change of name, reason of change, and the
                   perubahan, dan tanggal efektif perubahan nama                           effective date of the change of name during the
                   pada tahun buku;                                                        year under review;
              2)   Akses terhadap Emiten atau Perusahaan Publik          41           2)   access to Issuer or Public Company, including
                   termasuk kantor cabang atau kantor perwakilan                           branch office or representative office, where public
                   yang memungkinkan masyarakat dapat                                      can have access of information of the Issuer or
                   memperoleh informasi mengenai Emiten atau                               Public Company, which include:
                   Perusahaan Publik, meliputi:
                   a)   Alamat;                                          41                a)   Address;
                   b)   Nomor telepon;                                   41                b)   Telephone number;
                   c)   Nomor faksimile;                                 41                c)   Facsimile number;
                   d)   Alamat surat elektronik; dan                     41                d)   E-mail address; and
                   e)   Alamat Situs Web;                                41                e)   Website address;
              3)   Riwayat singkat Emiten atau Perusahaan Publik;      42-45          3)   Brief history of the Issuer or Public Company;
              4)   Visi dan misi Emiten atau Perusahaan Publik;          46           4)   Vision and mission of the Issuer or Public
                                                                                           Company;




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                  5)   Kegiatan usaha menurut anggaran dasar terakhir,          48-49     5)   Line of business according to the latest Articles of
                       kegiatan usaha yang dijalankan pada tahun buku,                         Association, and types of products and/or services
                       serta jenis barang dan/atau jasa yang dihasilkan;                       produced;


                  6)   Wilayah operasional Emiten atau Perusahaan                 49      6)   Operational area of the Issuer or Public Company
                       Publik;
                  7)   Struktur organisasi Emiten atau Perusahaan Publik        50-51     7)   Structure of organization of the Issuer or Public
                       dalam bentuk bagan, paling sedikit sampai dengan                        Company in chart form, at least 1 (one) level below
                       struktur 1 (satu) tingkat di bawah Direksi, disertai                    the Board of Directors, with the names and titles;
                       dengan nama dan jabatan;
                  8)   daftar keanggotaan asosiasi industri baik dalam            52      8)   List of industry association memberships both on
                       skala nasional maupun internasional yang berkaitan                      a national and international scale related to the
                       dengan penerapan keuangan berkelanjutan                                 implementation of sustainable finance;
                  9)   Profil Direksi, paling sedikit memuat:                   64-67     9)   The Board of Directors profiles include:
                       a)   Nama dan jabatan yang sesuai dengan tugas           64-67          a)   Name and short description of duties and
                            dan tanggung jawab;                                                     functions;
                       b)   Foto terbaru;                                       64-67          b)   Latest photograph;
                       c)   Usia;                                               64-67          c)   Age;
                       d)   Kewarganegaraan;                                    64-67          d)   Citizenship;
                       e)   Riwayat pendidikan;                                 64-67          e)   Education;
                       f)   Riwayat jabatan, meliputi informasi:                64-67          f)   history position, covering information on:


                            (1)     Dasar hukum penunjukan sebagai              64-67               (1)    Legal basis for appointment as member
                                    anggota Direksi pada Emiten atau                                       of the Board of Directors to the said
                                    Perusahaan Publik yang bersangkutan;                                   Issuer or Public Company;
                            (2)     Rangkap jabatan, baik sebagai anggota       64-67               (2)    Dual position, as member of the Board
                                    Direksi, anggota Dewan Komisaris, dan/                                 of Directors, member of the Board of
                                    atau anggota komite serta jabatan lainnya                              Commissioners, and/or member of
                                    (jika ada); dan                                                        committee, and other position (if any);
                                                                                                           and
                            (3)     Pengalaman kerja beserta periode            64-67               (3)    Working experience and period in and
                                    waktunya baik di dalam maupun di luar                                  outside the Issuer or Public Company;
                                    Emiten atau Perusahaan Publik;
                       g)   hubungan afiliasi dengan anggota Direksi            64-67          g)   Affiliation with other members of the Board
                            lainnya, anggota Dewan Komisaris, pemegang                              of Directors, members of the Board of
                            saham utama, dan pengendali baik langsung                               Commissioners, majority and controlling
                            maupun tidak langsung sampai kepada pemilik                             shareholders, either directly or indirectly
                            individu, meliputi nama pihak yang terafiliasi;                         to individual owners, including names of
                                                                                                    affiliated parties. In the event 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 dan             64-67          h)   Changes in the composition of the members
                            alasan perubahannya. Dalam hal tidak                                    of the Board of Directors and the reasons
                            terdapat perubahan komposisi anggota                                    for the changes. In the event that there is no
                            Direksi, maka diungkapkan mengenai hal                                  change in the composition of the members
                            tersebut;                                                               of the Board of Directors, this matter shall be
                                                                                                    disclosed;
                  10) Profil Dewan Komisaris, paling sedikit memuat:            58-63     10) The Board of Commissioners profiles, at least
                                                                                              include:
                       a)   Nama;                                               58-63          a)   Name;
                       b)   Foto terbaru;                                       58-63          b)   Latest photograph;
                       c)   Usia;                                               58-63          c)   Age;
                       d)   Kewarganegaraan;                                    58-63          d)   Citizenship;
                       e)   Riwayat pendidikan;                                 58-63          e)   Education;
                       f)   Riwayat jabatan, meliputi informasi:                58-63          f)   History position, covering information on:
                            (1)     Dasar hukum penunjukan sebagai              58-63               (1)    Legal basis for the appointment as
                                    anggota Dewan Komisaris yang bukan                                     member of the Board of Commissioners
                                    merupakan Komisaris Independen pada                                    who is not Independent Commissioner
                                    Emiten atau Perusahaan Publik yang                                     at the said Issuer or Public Company;
                                    bersangkutan;
                            (2)     Dasar hukum penunjukan pertama kali         58-63               (2)    Legal bases for the first appointment as
                                    sebagai anggota Dewan Komisaris yang                                   member of the Board of Commissioners
                                    merupakan Komisaris Independen pada                                    who also Independent Commissioner at
                                    Emiten atau Perusahaan Publik yang                                     the said Issuer or Public Company;
                                    bersangkutan;
                            (3)     Rangkap jabatan, baik sebagai anggota       58-63               (3)    Dual position; as member of the Board
                                    Dewan Komisaris, anggota Direksi, dan/                                 of Commissioners, member of the
                                    atau anggota komite serta jabatan lainnya                              Board of Directors, and/or member of
                                    (jika ada); dan                                                        committee and other position (if any);
                                                                                                           and
                            (4)     Pengalaman kerja beserta periode            58-63               (4)    Working experience and period in and
                                    waktunya baik di dalam maupun di luar                                  outside the Issuer or Public Company;
                                    Emiten atau Perusahaan Publik;
                       g)   Hubungan afiliasi dengan anggota Dewan              58-63          g)   Affiliation with other members of the Board
                            Komisaris lainnya, pemegang saham utama,                                of Commissioners, major shareholders,
                            dan pengendali baik langsung maupun tidak                               and controllers either directly or indirectly
                            langsung sampai kepada pemilik individu,                                to individual owners, including names of
                            meliputi nama pihak yang terafilias                                     affiliated parties; In the event that a member
                                                                                                    of the Board of Commissioners has no
                                                                                                    affiliation, the Issuer or Public Company shall
                                                                                                    disclose this matter;




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                  h)   Pernyataan independensi Komisaris                 61-63          h)   Statement of independence of Independent
                       Independen dalam hal Komisaris Independen                             Commissioner in the event that the
                       telah menjabat lebih dari 2 (dua) periode (jika                       Independent Commissioner has been
                       ada);                                                                 appointed more than 2 (two) periods (if any);


                  i)   Perubahan komposisi anggota Dewan                   53           i)   Changes in the composition of the members
                       Komisaris dan alasan perubahannya. Dalam                              of the Board of Commissioners and the
                       hal tidak terdapat perubahan komposisi                                reasons for the changes. In the event that
                       anggota Dewan Komisaris, maka diungkapkan                             there is no change in the composition of the
                       mengenai hal tersebut;                                                members of the Board of Commissioners, this
                                                                                             matter shall be disclosed;
              11) Dalam hal terdapat perubahan susunan anggota             53      11) In the event that there were changes in the
                  Direksi dan/atau anggota Dewan Komisaris yang                        composition of the Board of Commissioners and/
                  terjadi setelah tahun buku berakhir sampai dengan                    or the Board of Directors occurring between the
                  batas waktu penyampaian Laporan Tahunan,                             period after year-end until the date the Annual
                  susunan yang dicantumkan dalam Laporan                               Report submitted, then the last and the previous
                  Tahunan adalah susunan anggota Direksi dan/                          composition of the Board of Commissioners and/
                  atau anggota Dewan Komisaris yang terakhir dan                       or the Board of Directors shall be stated in the
                  sebelumnya;                                                          Annual Report;
              12) Jumlah karyawan menurut jenis kelamin,                 68-69     12) Number of employees by gender, position,
                  jabatan, usia, tingkat pendidikan, dan status                        age, education level, and employment status
                  ketenagakerjaan (tetap/kontrak) dalam tahun buku;                    (permanent/contracted) in the fiscal year;
                                                                                       Disclosure of information can be presented in
                                                                                       tabular form.
              13) Nama pemegang saham dan persentase                       70      13) Names of shareholders and ownership percentage
                  kepemilikan pada akhir tahun buku, yang terdiri                      at the end of the fiscal year, including:
                  dari:
                  a)   Pemegang saham yang memiliki 5% (lima               70           a)   Shareholders having 5% (five percent) or
                       persen) atau lebih saham Emiten atau                                  more shares of Issuer or Public Company;
                       Perusahaan Publik;
                  b)   Anggota Direksi dan anggota Dewan Komisaris         70           b)   Commissioners and Directors who own
                       yang memiliki saham Emiten atau Perusahaan                            shares of the Issuers or Public Company; and
                       Publik; dan
                  c)   Kelompok pemegang saham masyarakat, yaitu           70           c)   Groups of public shareholders, or groups of
                       kelompok pemegang saham yang masing-                                  shareholders, each with less than 5% (five
                       masing memiliki kurang dari 5% (lima persen)                          percent) ownership shares of the Issuers or
                       saham emiten atau perusahaan publik;                                  Public Company;


              14) Persentase kepemilikan tidak langsung atas saham         70      14) The percentage of indirect ownership of the shares
                  Emiten atau Perusahaan Publik oleh anggota Direksi                   of the Issuer or Public Company by members of
                  dan anggota Dewan Komisaris pada awal dan                            the Board of Directors and members of the Board
                  akhir tahun buku, termasuk informasi mengenai                        of Commissioners at the beginning and end of the
                  pemegang saham yang terdaftar dalam daftar                           fiscal year, including information on shareholders
                  pemegang saham untuk kepentingan kepemilikan                         registered in the shareholder register for the
                  tidak langsung anggota Direksi dan anggota Dewan                     benefit of indirect ownership of members of the
                  Komisaris;                                                           Board of Directors and members of the Board of
                                                                                       Commissioners;
              15) Jumlah pemegang saham dan persentase                     70      15) Number of shareholders and ownership
                  kepemilikan per akhir tahun buku berdasarkan                         percentage at the end of the fiscal year, based on:
                  klasifikasi:
                  a)   Kepemilikan institusi lokal;                        70           a)   Ownership of local institutions;
                  b)   Kepemilikan institusi asing;                        70           b)   Ownership of foreign institutions;
                  c)   Kepemilikan individu lokal; dan                     70           c)   Ownership of local individual; and
                  d)   Kepemilikan individu asing;                         70           d)   Ownership of foreign individual;
              16) Informasi mengenai pemegang saham utama dan            71-72     16   Information on major shareholders and
                  pengendali Emiten atau Perusahaan Publik, baik                        controlling shareholders the Issuers of Public
                  langsung maupun tidak langsung, sampai kepada                         Company, directly or indirectly, and also individual
                  pemilik individu, yang disajikan dalam bentuk                         shareholder, presented in the form of scheme or
                  skema atau bagan;                                                     diagram;
              17) Nama entitas anak, perusahaan asosiasi,                73-74     17) Name of subsidiaries, associated companies, joint
                  perusahaan ventura bersama dimana Emiten atau                        venture controlled by Issuers or Public Company,
                  Perusahaan Publik memiliki pengendalian bersama                      with entity, percentage of stock ownership, line of
                  entitas, beserta persentase kepemilikan saham,                       business, total assets and operating status of the
                  bidang usaha, total aset, dan status operasi Emiten                  Issuers of Public Company (if any);
                  atau Perusahaan Publik tersebut (jika ada);
                  Untuk entitas anak, ditambahkan informasi              73-74          For subsidiaries, include the addresses of the said
                  mengenai alamat entitas anak tersebut;                                subsidiaries;
              18) Kronologi pencatatan saham, jumlah saham,                82      18) Chronology of share listing, number of shares, par
                  nilai nominal, dan harga penawaran dari awal                         value, and bid price from the beginning of listing
                  pencatatan hingga akhir tahun buku serta nama                        up to the end of the financial year, and name
                  Bursa Efek dimana saham Emiten atau Perusahaan                       of Stock Exchange where the Issuers of Public
                  Publik dicatatkan (jika ada);                                        Company shares are listed;
              19) Informasi pencatatan efek lainnya selain efek            82      19) Other securities listing information other than the
                  sebagaimana dimaksud pada angka 18), yang                            securities as referred to in number 18), which have
                  belum jatuh tempo pada tahun buku paling sedikit                     not yet matured in the fiscal year, at least contain
                  memuat nama efek, tahun penerbitan, tingkat                          the name of the securities, year of issue, interest
                  suku bunga/imbal hasil, tanggal jatuh tempo, nilai                   rate/yield, maturity date, offering value, and
                  penawaran, dan peringkat efek (jika ada);                            securities rating (if any);
              20) Informasi penggunaan jasa akuntan publik (AP)            83      20) Information on the use of a Public Accountant (AP)
                  dan kantor akuntan publik (KAP) beserta jaringan/                    and a Public Accounting firm (KAP) services and
                  asosiasi/aliansinya meliputi:                                        their networks/associations/alliances include:
                  a)   nama dan alamat;                                    83           a)   name and address;
                  b)   periode penugasan;                                  83           b)   period of assignment;
                  c)   informasi jasa audit dan/atau non audit yang        83           c)   informasi jasa audit dan/atau non audit yang
                       diberikan;                                                            diberikan;




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                        d)   biaya jasa (fee) audit dan/atau non audit untuk     83                d)   Audit and/or non-audit fees for each
                             masing-masing penugasan yang diberikan                                     assignment given during the fiscal year; and
                             selama tahun buku; dan
                        e)   dalam hal AP dan KAP beserta jaringan/              83                e)   In the event that AP and KAP and their
                             asosiasi/aliansinya, yang ditunjuk tidak                                   network/association/alliance, which are
                             memberikan jasa non audit, maka                                            appointed do not provide non-audit services,
                             diungkapkan mengenai informasi tersebut;                                   then the information is disclosed; and
                             dan
                   21) Nama dan alamat lembaga dan/atau profesi                  84           21) Name and address of capital market supporting
                       penunjang pasar modal selain AP dan KAP;                                   institutions and/or professionals other than AP
                                                                                                  and KAP
              f.   Analisis dan Pembahasan Manajemen                                     f.   Management Discussion and Analysis
                   Analisis dan pembahasan manajemen memuat analisis                          Management Analysis and Discussion Annual should
                   dan pembahasan mengenai laporan keuangan dan                               contain discussion and analysis on financial statements
                   informasi penting lainnya dengan penekanan pada                            and other material information emphasizing material
                   perubahan material yang terjadi dalam tahun buku, yaitu                    changes that occurred during the year under review, at
                   paling sedikit memuat:                                                     least including:
                   1)   Tinjauan operasi per segmen operasi sesuai dengan      90-91          1)   Operational review per business segment,
                        jenis industri Emiten atau Perusahaan Publik, paling                       according to the type of industry of the Issuer or
                        sedikit mengenai:                                                          Public Company including:
                        a)   Produksi, yang meliputi proses, kapasitas, dan    90-91               a)   Production, including process, capacity, and
                             perkembangannya;                                                           growth;
                        b)   Pendapatan/penjualan; dan                         90-91               b)   Income/sales; and
                        c)   Profitabilitas;                                   90-91               c)   Profitability;
                   2)   Kinerja keuangan komprehensif yang mencakup            94-97          2)   comprehensive financial performance analysis
                        perbandingan kinerja keuangan dalam 2 (dua)                                which includes a comparison between the financial
                        tahun buku terakhir, penjelasan tentang penyebab                           performance of the last 2 (two) fiscal years, and
                        adanya perubahan dan dampak perubahan                                      explanation on the causes and effects of such
                        tersebut, paling sedikit mengenai:                                         changes, among others concerning:
                        a)   Aset lancar, aset tidak lancar, dan total aset;   94-97               a)   Current assets, non-current assets, and total
                                                                                                        assets;
                        b)   Liabilitas jangka pendek, liabilitas jangka       94-97               b)   Short term liabilities, long term liabilities, total
                             panjang, dan total liabilitas;                                             liabilities;
                        c)   Ekuitas;                                          94-97               c)   Equities;
                        d)   Pendapatan/penjualan, beban, laba (rugi),         94-97               d)   Sales/operating revenues, expenses and
                             penghasilan komprehensif lain, dan total laba                              profit (loss), other comprehensive revenues,
                             (rugi) komprehensif; dan                                                   and total comprehensive profit (loss); and
                        e)   Arus kas                                          94-97               e)   Cash flows
                   3)   Kemampuan membayar utang dengan menyajikan               98           3)   The capacity to pay debts by including the
                        perhitungan rasio yang relevan;                                            computation of relevant ratios;
                   4)   Tingkat kolektibilitas piutang emiten atau               98           4)   Accounts receivable collectability of the Issuer or
                        perusahaan publik dengan menyajikan perhitungan                            Public Company, including the computation of the
                        rasio yang relevan;                                                        relevant ratios;
                   5)   Struktur modal (capital structure) dan kebijakan       98-99          5)   Capital structure and management policies
                        manajemen atas struktur modal (capital structure)                          concerning capital structure, including the basis for
                        tersebut disertai dasar penentuan kebijakan                                determining the said policy;
                        dimaksud;
                   6)   Bahasan mengenai ikatan yang material untuk              99           6)   discussion on material ties for the investment of
                        investasi barang modal dengan penjelasan paling                            capital goods, including the explanation on at least:
                        sedikit meliputi:
                        a)   Tujuan dari ikatan tersebut;                        99                a)   The purpose of such ties;
                        b)   Sumber dana yang diharapkan untuk                   99                b)   Source of funds expected to fulfill the said
                             memenuhi ikatan tersebut;                                                  ties;
                        c)   Mata uang yang menjadi denominasi; dan              99                c)   Currency of denomination; and
                        d)   Langkah yang direncanakan emiten atau               99                d)   Steps taken by the Issuer of Public Company
                             perusahaan publik untuk melindungi risiko                                  to protect the position of a related foreign
                             dari posisi mata uang asing yang terkait;                                  currency against risks;
                   7)   Bahasan mengenai investasi barang modal yang           99-100         7)   Discussion on investment of capital goods which
                        direalisasikan dalam tahun buku terakhir, paling                           was realized in the last fiscal year, at least include:
                        sedikit meliputi:
                        a)   Jenis investasi barang modal;                     99-100              a)   Type of investment of capital goods;
                        b)   Tujuan investasi barang modal; dan                99-100              b)   Objective of the investment of capital goods;
                                                                                                        and
                        c)   Nilai investasi barang modal yang dikeluarkan;    99-100              c)   Value of the investment of capital goods;
                   8)   Informasi dan fakta material yang terjadi setelah       100           8)   Material Information and facts that occurring after
                        tanggal laporan akuntan (jika ada);                                        the date of the accountant’s report (if any);
                   9)   Prospek usaha dari emiten atau perusahaan                92           9)   Information on the prospects of the Issuer or the
                        publik dikaitkan dengan kondisi industri, ekonomi                          Company in connection with industry,economy in
                        secara umum dan pasar internasional disertai data                          general, accompanied with supporting quantitative
                        pendukung kuantitatif dari sumber data yang layak                          data if there is a reliable data source;
                        dipercaya;
                   10) Perbandingan antara target/proyeksi pada awal            100           10) Comparison between target/projection at
                       tahun buku dengan hasil yang dicapai (realisasi),                          beginning of year and result (realization),
                       mengenai:                                                                  concerning:
                        a)   Pendapatan/penjualan;                              100                a)   Income/sales;
                        b)   Laba (rugi);                                       100                b)   Profit (loss);
                        c)   Struktur modal (capital structure);                100                c)   Capital structure; or
                        d)   Kebijakan dividen; atau                            100                d)   Dividend policy; or




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                   e)   Hal lainnya yang dianggap penting bagi Emiten      100           e)   Others that deemed necessary for the Issuer
                        atau Perusahaan Publik;                                               or Public Company;
              11) Target/proyeksi yang ingin dicapai Emiten atau           101      11) Target/projection at most for the next one year of
                  Perusahaan Publik untuk 1 (satu) tahun mendatang,                     the Issuer or Public Company, concerning:
                  mengenai:
                   a)   Pendapatan/penjualan;                              101           a)   Income/sales;
                   b)   Laba (rugi);                                       101           b)   Profit (loss);
                   c)   Struktur modal (capital structure);                101           c)   Capital structure; or
                   d)   Kebijakan dividen; atau                            101           d)   Dividend policy;
                   e)   Hal lainnya yang dianggap penting bagi Emiten      101           e)   Or others that deemed necessary for the
                        atau Perusahaan Publik;                                               Issuer or Public Company;
              12) Aspek pemasaran atas barang dan/atau jasa Emiten         101      12) Marketing aspects of the company’s products and/
                  atau Perusahaan Publik, paling sedikit mengenai                       or services the Issuer or Public Company, among
                  strategi pemasaran dan pangsa pasar;                                  others marketing strategy and market share;
              13) Uraian mengenai dividen selama 2 (dua) tahun buku        102      13) Description regarding the dividend policy during
                  terakhir (jika ada), paling sedikit:                                  the last 2 (two) fiscal years, at least:
                   a)   Kebijakan dividen;                                 102           a)   Dividend policy;
                   b)   Tanggal pembayaran dividen kas dan/atau            102           b)   The date of the payment of cash dividend
                        tanggal distribusi dividen non kas;                                   and/or date of distribution of non-cash
                                                                                              dividend;
                   c)   Jumlah dividen per saham (kas dan/atau non         102           c)   Amount of cash per share (cash and/or non
                        kas); dan                                                             cash); and
                   d)   Jumlah dividen per tahun yang dibayar;             102           d)   Amount of dividend per year paid;


                   Dalam hal Emiten atau Perusahaan Publik tidak           102           Disclosure of information can be presented in
                   membagikan dividen dalam 2 (dua) tahun terakhir,                      tabular form. In the event that the Issuer or Public
                   maka diungkapkan mengenai hal tersebut.                               Company does not distribute dividends in the last
                                                                                         2 (two) years, this matter shall be disclosed.
              14) Realisasi penggunaan dana hasil Penawaran Umum,          104      14) Use of proceeds from Public Offerings, under the
                  dengan ketentuan:                                                     condition of:
                   a)   Dalam hal selama tahun buku, Emiten memiliki       104           a)   during the year under review, on which
                        kewajiban menyampaikan laporan realisasi                              the Issuer has the obligation to report the
                        penggunaan dana, maka diungkapkan realisasi                           realization of the use of proceeds, then the
                        penggunaan dana hasil Penawaran Umum                                  realization of the cumulative use of proceeds
                        secara kumulatif sampai dengan akhir tahun                            until the year end should be disclosed; and
                        buku; dan
                   b)   Dalam hal terdapat perubahan penggunaan            104           b)   In the event that there were changes in
                        dana sebagaimana diatur dalam Peraturan                               the use of proceeds as stipulated in the
                        Otoritas Jasa Keuangan tentang Laporan                                Regulation of the Financial Services Authority
                        Realisasi Penggunaan Dana Hasil Penawaran                             on the Report of the Utilization of Proceeds
                        Umum, maka Emiten menjelaskan perubahan                               from Public Offering, then Issuer should
                        tersebut;                                                             explain the said changes;
              15) Informasi material (jika ada), antara lain mengenai     102-103   15) Material information (if any), among others
                  investasi, ekspansi, divestasi, penggabungan/                         concerning investment, expansion, divestment,
                  peleburan usaha, akuisisi, restrukturisasi utang/                     acquisition, debt/capital restructuring, transactions
                  modal, transaksi Afiliasi, dan transaksi yang                         with related parties and transactions with conflict
                  mengandung benturan kepentingan, yang terjadi                         of interest that occurred during the year under
                  pada tahun buku, antara lain memuat:                                  review, among others include:
                   a)   Tanggal, nilai, dan objek transaksi;              102-103        a)   Transaction date, value, and object;
                   b)   Nama pihak yang melakukan transaksi;              102-103        b)   Name of transacting parties;


                   c)   Sifat hubungan Afiliasi (jika ada);               102-103        c)   Nature of related parties (if any);
                   d)   Penjelasan mengenai kewajaran transaksi; dan       103           d)   Description of the fairness of the transaction;
                                                                                              and
                   e)   Pemenuhan ketentuan terkait;                       103           e)   Compliance with related rules and
                                                                                              regulations;
                   f)   dalam hal terdapat hubungan afiliasi, selain       103           f)   In the event that there is an affiliation
                        mengungkapkan informasi sebagaimana                                   relationship, apart from disclosing the
                        dimaksud dalam huruf a) sampai dengan                                 information as referred to in letter a) to
                        huruf e), Emiten atau Perusahaan Publik juga                          letter e), the Issuer or Public Company also
                        mengungkapkan informasi:                                              discloses information:
                        1)   Pernyataan Direksi bahwa transaksi            103                1)    A statement from the Board of Directors
                             afiliasi telah melalui prosedur yang                                   that the affiliate transaction has gone
                             memadai untuk memastikan bahwa                                         through adequate procedures to
                             transaksi afiliasi dilaksanakan sesuai                                 ensure that the affiliate transaction
                             dengan praktik bisnis yang berlaku umum                                is carried out in accordance with
                             antara lain dilakukan dengan memenuhi                                  generally accepted business practices,
                             prinsip transaksi yang wajar (arms- length                             by complying with the arms-length
                             principle); dan                                                        principle; and
                        2)   Peran Dewan Komisaris dan komite              103                2)    The role of the Board of Commissioners
                             audit dalam melakukan prosedur yang                                    and the audit committee in carrying out
                             memadai untuk memastikan bahwa                                         adequate procedures to ensure that
                             transaksi afiliasi dilaksanakan sesuai                                 affiliated transactions are carried out
                             dengan praktik bisnis yang berlaku umum                                in accordance with generally accepted
                             antara lain dilakukan dengan memenuhi                                  business practices, by complying with
                             prinsip transaksi yang wajar (arms- length                             the arms-length principle;
                             principle);




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                        g)   Dalam hal transaksi afiliasi atau transaksi         103                g)   For affiliated transactions or material
                             material dimaksud telah diungkapkan dalam                                   transactions which are business activities
                             laporan keuangan tahunan, ditambahkan                                       carried out to generate business income and
                             informasi mengenai rujukan pengungkapan                                     are carried out regularly, repeatedly, and/
                             dalam laporan keuangan tahunan tersebut.                                    or continuously, an explanation is added
                                                                                                         that the affiliated transactions or material
                                                                                                         transactions are business activities carried
                                                                                                         out to generate operating income. and run
                                                                                                         regularly, repeatedly, and/or continuously;
                        h)   Untuk pengungkapan transaksi afiliasi dan/          103                h)   For disclosure of affiliated transactions and/or
                             atau transaksi benturan kepentingan yang                                    conflict of interest transactions resulting from
                             merupakan hasil pelaksanaan transaksi afiliasi                              the implementation of affiliated transactions
                             dan/atau transaksi benturan kepentingan                                     and/or conflict of interest transactions
                             yang telah disetujui pemegang saham                                         that have been approved by independent
                             independen, ditambahkan informasi mengenai                                  shareholders, additional information
                             tanggal pelaksanaan RUPS yang menyetujui                                    regarding the date of the GMS which
                             transaksi afiliasi dan/atau transaksi benturan                              approved the affiliated transactions and/or
                             kepentingan tersebut;                                                       conflict of interest transactions is added;
                        i)   Dalam hal tidak terdapat transaksi afiliasi dan/    103                i)   In the event that there is no affiliated
                             atau transaksi benturan kepentingan, maka                                   transaction and/or conflict of interest
                             diungkapkan mengenai hal tersebut;                                          transaction, then this shall be disclosed;
                   16) Perubahan ketentuan peraturan perundang-                  104           16) Changes in regulation which have a significant
                       undangan yang berpengaruh signifikan terhadap                               effect on the Issuer or Public Company and
                       Emiten atau Perusahaan Publik dan dampaknya                                 impacts on the company (if any); and
                       terhadap laporan keuangan (jika ada); dan
                   17) Perubahan kebijakan akuntansi, alasan dan                 104           17) Changes in the accounting policy, rationale and
                       dampaknya terhadap laporan keuangan (jika ada);                             impact on the financial statement (if any);
              g.   Tata Kelola Emiten atau Perusahaan Publik                              g.   Corporate Governance of the Issuer or Public Company
                   Tata kelola Emiten atau Perusahaan Publik paling sedikit                    Corporate Governance of the Issuer or Public Company
                   memuat uraian singkat mengenai:                                             contains at least:
                   1)   RUPS, paling sedikit memuat:                                           1)   GMS, at least contains:
                        a)   Informasi mengenai keputusan RUPS pada             112-117             a)   Information regarding the resolutions of the
                             tahun buku dan 1 (satu) tahun sebelum tahun                                 GMS in the fiscal year and 1 (one) year prior
                             buku meliputi:                                                              to the fiscal year include:
                             1)    keputusan RUPS pada tahun buku dan 1         112-117                  1)     Resolutions of the GMS in the fiscal year
                                   (satu) tahun sebelum tahun buku yang                                         and 1 (one) year before the fiscal year
                                   direalisasikan pada tahun buku; dan                                          realized in the fiscal year; and
                             2)    keputusan RUPS pada tahun buku dan 1         112-117                  2)     Resolutions of the GMS in the fiscal year
                                   (satu) tahun sebelum tahun buku yang                                         and 1 (one) year before the fiscal year
                                   belum direalisasikan beserta alasan                                          that have not been realized and the
                                   belum direalisasikan;                                                        reasons for not realizing them;
                        b)   dalam hal Emiten atau Perusahaan Publik            113,115             b)   In the event that the Issuer or Public
                             menggunakan pihak independen dalam                                          Company uses an independent party in the
                             pelaksanaan RUPS untuk melakukan                                            conduct of the GMS to calculate the votes,
                             perhitungan suara, maka diungkapkan                                         then this matter shall be disclosed;
                             mengenai hal tersebut;
                   2)   Direksi, mencakup antara lain:                          122-125        2)   The Board of Directors, covering:
                        a)   Tugas dan tanggung jawab masing-masing             122-123             a)   The tasks and responsibilities of each
                             anggota Direksi;                                                            member of the Board of Directors;
                        b)   Pernyataan bahwa Direksi memiliki pedoman           122                b)   Statement that the Board of Directors has
                             atau piagam (charter) Direksi;                                              already have board manual or charter;
                        c)   Kebijakan dan pelaksanaan tentang frekuensi         123                c)   Policies and implementation of the frequency
                             rapat Direksi, termasuk rapat bersama Dewan                                 of meetings of the Board of Directors,
                             Komisaris, dan tingkat kehadiran anggota                                    meetings of the Board of Directors with
                             Direksi dalam rapat tersebut termasuk tingkat                               the Board of Commissioners, and the level
                             kehadiran dalam RUPS;                                                       of attendance of members of the Board of
                                                                                                         Directors in the meeting including attendance
                                                                                                         at the GMS;
                        d)   pelatihan dan/atau peningkatan kompetensi           124                d)   Training and/or competency development of
                             anggota Direksi:                                                            members of the Board of Directors:


                             (1)   kebijakan pelatihan dan/atau peningkatan      124                     (1)    Policies for training and/or improving the
                                   kompetensi anggota Direksi, termasuk                                         competence of members of the Board
                                   program orientasi bagi anggota Direksi                                       of Directors, including an orientation
                                   yang baru diangkat (jika ada); dan                                           program for newly appointed members
                                                                                                                of the Board of Directors (if any); and
                             (2)   pelatihan dan/atau peningkatan                124                     (2)    Training and/or competency
                                   kompetensi yang diikuti anggota Direksi                                      improvement attended by members of
                                   dalam tahun buku (jika ada);                                                 the Board of Directors in the fiscal year
                                                                                                                (if any);
                        e)   penilaian Direksi terhadap kinerja komite yang     124-125             e)   The Board of Directors’ assessment of the
                             mendukung pelaksanaan tugas Direksi pada                                    performance of the committees that support
                             tahun buku paling sedikit memuat:                                           the implementation of the Board of Directors’
                                                                                                         duties for the fiscal year shall at least contain:
                             (1)   prosedur penilaian kinerja; dan              124-125                  (1)    Performance appraisal procedures; and


                             (2)   kriteria yang digunakan seperti capaian      124-125                  (2)    The criteria used are performance
                                   kinerja selama tahun buku, kompetensi                                        achievements during the fiscal year,
                                   dan kehadiran dalam rapat; dan                                               are competence and attendance at
                                                                                                                meetings; and
                        f)   dalam hal Emiten atau Perusahaan Publik tidak      124-125             f)   In the event that the Issuer or Public
                             memiliki komite yang mendukung pelaksanaan                                  Company does not have a committee that
                             tugas Direksi, maka diungkapkan mengenai                                    supports the implementation of the duties of
                             hal tersebut.                                                               the Board of Directors, this matter shall be
                                                                                                         disclosed.




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              3)   Dewan Komisaris, mencakup antara lain:                118-121   3)   The Board of Commissioners, among others
                                                                                        include:
                   a)   Tugas dan tanggung jawab Dewan Komisaris;        118-119        a)   Duties and responsibilities of the Board of
                                                                                             Commissioners;
                   b)   Pernyataan bahwa Dewan Komisaris memiliki         118           b)   Statement that the Board of Commissioners
                        pedoman atau piagam (charter) Dewan                                  has already have the board manual or
                        Komisaris;                                                           charter;
                   c)   Kebijakan dan pelaksanaan tentang frekuensi      119-120        c)   Policies and implementation of the frequency
                        rapat Dewan Komisaris, termasuk rapat                                of meetings of the Board of Commissioners,
                        bersama Direksi, dan tingkat kehadiran                               meetings of the Board of Commissioners
                        anggota Dewan Komisaris dalam rapat                                  with the Board of Directors and the level
                        tersebut termasuk tingkat kehadiran dalam                            of attendance of members of the Board of
                        RUPS;;                                                               Commissioners in these meetings including
                                                                                             attendance at the GMS;
                   d)   pelatihan dan/atau peningkatan kompetensi         120           d)   Training and/or competency improvement of
                        anggota Dewan Komisaris:                                             members of the Board of Commissioners:


                        (1)   kebijakan pelatihan dan/atau peningkatan    120                (1)   Policy on competency training and/or
                              kompetensi anggota Dewan Komisaris,                                  development of members of the Board
                              termasuk program orientasi bagi anggota                              of Commissioners, including orientation
                              Dewan Komisaris yang baru diangkat (jika                             programs for newly appointed members
                              ada); dan                                                            of the Board of Commissioners (if any);
                                                                                                   and
                        (2)   pelatihan dan/atau peningkatan              120                (2)   Competency training and/or
                              kompetensi yang diikuti anggota Dewan                                development attended by members of
                              Komisaris dalam tahun buku (jika ada);                               the Board of Commissioners in the fiscal
                                                                                                   year (if any);
                   e)   penilaian terhadap kinerja anggota               126-127        e)   The assessment on the performance
                        Direksi dan anggota Dewan Komisaris dan                              of the Board of Directors and Board of
                        pelaksanaannya, paling sedikit memuat:                               Commissioners and the implementation, at
                                                                                             least covering:
                        (1)   Prosedur pelaksanaan penilaian kinerja;    126-127             (1)   procedure for the implementation of
                                                                                                   performance assessment;
                        (2)   Kriteria yang digunakan seperti capaian    126-127             (2)   Criteria used are performance
                              kinerja selama tahun buku, kompetensi                                achievements during the fiscal year,
                              dan kehadiran dalam rapat; dan                                       competency and attendance at
                                                                                                   meetings; and
                        (3)   Pihak yang melakukan penilaian;            126-127             (3)   Assessor;
                   f)   penilaian Dewan Komisaris terhadap kinerja        121           f)   Board of Commissioners’ assessment of the
                        Komite yang mendukung pelaksanaan tugas                              performance of the Committees that support
                        Dewan Komisaris pada tahun buku meliputi:                            the implementation of the duties of the Board
                                                                                             of Commissioners in the fiscal year includes:
                        (1)   prosedur penilaian kinerja; dan             121                (1)   Performance appraisal procedures; and


                        (2)   kriteria yang digunakan seperti capaian     121                (2)   The criteria used are performance
                              kinerja selama tahun buku, kompetensi                                achievements during the fiscal year,
                              dan kehadiran dalam rapat;                                           competency and attendance at
                                                                                                   meetings;
              4)   Nominasi dan remunerasi Direksi dan Dewan             128-129   4)   The nomination and remuneration of the Board of
                   Komisaris, paling sedikit memuat:                                    Directors and the Board of Commissioners shall at
                                                                                        least contain:
                   a)   prosedur nominasi, meliputi uraian singkat        128           a)   Nomination procedure, including a brief
                        mengenai kebijakan dan proses nominasi                               description of the policies and process for
                        anggota Direksi dan/atau anggota Dewan                               nomination of members of the Board of
                        Komisaris; dan                                                       Directors and/or members of the Board of
                                                                                             Commissioners; and
                   b)   prosedur dan pelaksanaan remunerasi Direksi      128-129        b)   Procedures and implementation of
                        dan Dewan Komisaris, antara lain:                                    remuneration for the Board of Directors and
                                                                                             the Board of Commissioners, among others:
                        (1)   prosedur penetapan remunerasi Direksi      128-129             (1)   Procedures for determining
                              dan Dewan Komisaris;                                                 remuneration for the Board of Directors
                                                                                                   and the Board of Commissioners;
                        (2)   struktur remunerasi Direksi dan Dewan       129                (2)   The remuneration structure of the
                              Komisaris seperti, gaji, tunjangan,                                  Board of Directors and the Board
                              tantiem/bonus dan lainnya; dan                                       of Commissioners such as salary,
                                                                                                   allowances, tantiem/bonus and others;
                                                                                                   and
                        (3)   besarnya remunerasi masing-masing           129                (3)   The amount of remuneration for each
                              anggota Direksi dan anggota Dewan                                    member of the Board of Directors and
                              Komisaris;                                                           member of the Board of Commissioners
              5)   Dewan Pengawas Syariah, bagi Emiten atau               N/A      5)   Sharia Supervisory Board, for Issuer or Public
                   Perusahaan Publik yang menjalankan kegiatan                          Company that conduct business based on sharia
                   usaha berdasarkan prinsip syariah sebagaimana                        law, as stipulated in the articles of association, at
                   tertuang dalam anggaran dasar, paling sedikit                        least containing:
                   memuat:
                   a)   nama;                                             N/A           a)   name;
                   b)   dasar hukum pengangkatan dewan pengawas           N/A           b)   Legal basis for the appointment of the sharia
                        syariah;                                                             supervisory board;
                   c)   periode penugasan dewan pengawas syariah;         N/A           c)   Period of assignment of the sharia
                                                                                             supervisory board;
                   d)   tugas dan tanggung jawab Dewan Pengawas           N/A           d)   duty and responsibility of Sharia Supervisory
                        Syariah; dan                                                         Board; and




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                       e)   frekuensi dan cara pemberian nasihat dan             N/A           e)   frequency and procedure in providing advice
                            saran serta pengawasan pemenuhan Prinsip                                and suggestion, as well as the compliance
                            Syariah di Pasar Modal terhadap Emiten atau                             of Sharia Principles by the Issuer or Public
                            Perusahaan Publik;                                                      Company in the Capital Market;
                  6)   Komite Audit, mencakup antara lain:                      130-133   6)   Audit Committee, among others covering:
                       a)   Nama dan jabatannya dalam keanggotaan                131           a)   Name and position in the committee;
                            komite;
                       b)   Usia;                                                131           b)   Age;
                       c)   Kewarganegaraan;                                     131           c)   Citizenship;
                       d)   Riwayat pendidikan;                                  131           d)   Education background;
                       e)   Riwayat jabatan, meliputi informasi:                 131           e)   History of position; including:
                            (1)     Dasar hukum untuk pengangkatan               131                (1)    Legal basis for appointment as
                                    sebagai anggota komite;                                                committee member;
                            (2)     Rangkap jabatan, baik sebagai anggota        131                (2)    Dual position, as member of Board of
                                    Dewan Komisaris, anggota Direksi, dan/                                 Commissioners, member of Board of
                                    atau anggota komite serta jabatan lainnya                              Directors, and/or member of committee,
                                    (jika ada); dan                                                        and other position (if any); and
                            (3)     Pengalaman kerja beserta periode             131                (3)    working experience and period in and
                                    waktunya baik di dalam maupun di luar                                  outside the Issuer or Public Company;
                                    Emiten atau Perusahaan Publik;
                       f)   Periode dan masa jabatan anggota Komite              130           f)   Period and terms of office of the member of
                            Audit;                                                                  Audit Committee;
                       g)   Pernyataan independensi Komite Audit;                132           g)   statement of independence of the Audit
                                                                                                    Committee;
                       h)   Pendidikan dan/atau pelatihan yang telah             133           h)   Training and/or competency improvement
                            diikuti dalam tahun buku (jika ada); dan                                that have been followed in the fiscal year (if
                                                                                                    any);
                       i)   Kebijakan dan pelaksanaan tentang frekuensi          132           i)   Policies and implementation of the frequency
                            rapat Komite Audit dan tingkat kehadiran                                of audit committee meetings and the level of
                            anggota Komite Audit dalam rapat tersebut;                              attendance of audit committee members in
                                                                                                    those meetings; and
                       j)   Pelaksanaan kegiatan Komite Audit pada tahun         133           j)   the activities of the Audit Committee in the
                            buku sesuai dengan yang dicantumkan dalam                               year under review, in accordance with the
                            pedoman atau piagam (charter) Komite Audit;                             Audit Committee Charter;


                  7)   Komite atau fungsi nominasi dan remunerasi               134-137   7)   The nomination and remuneration committee or
                       Emiten atau Perusahaan Publik, paling sedikit                           function of the Issuer or Public Company, at least
                       memuat:                                                                 containing:
                       a)   Nama dan jabatannya dalam keanggotaan               134-135        a)   Name and position in committee
                            komite;                                                                 membership;
                       b)   Usia;                                               134-135        b)   Age;
                       c)   Kewarganegaraan;                                    134-135        c)   Nationality;
                       d)   Riwayat pendidikan;                                 134-135        d)   Educational history;
                       e)   Riwayat jabatan, meliputi informasi:                134-135        e)   Position history, including information on:


                            (1)     Dasar hukum penunjukan sebagai              134-135             (1)    Legal basis for appointment as
                                    anggota komite;                                                        committee member;
                            (2)     Rangkap jabatan, baik sebagai anggota       134-135             (2)    Concurrent positions, either as a
                                    Dewan Komisaris, anggota Direksi, dan/                                 member of the Board of Commissioners,
                                    atau anggota komite serta jabatan lainnya                              member of the Board of Directors,
                                    (jika ada); dan                                                        and/or committee member and other
                                                                                                           positions (if any); and
                            (3)     Pengalaman kerja beserta periode            134-135             (3)    Work experience and period of time
                                    waktunya baik di dalam maupun di luar                                  both inside and outside the Issuer or
                                    Emiten atau Perusahaan Publik;                                         Public Company;
                       f)   Periode dan masa jabatan anggota komite;             134           f)   Period and term of office of the committee
                                                                                                    members;
                       g)   Pernyataan independensi komite;                      135           g)   Statement of committee independence;
                       h)   Pendidikan dan/atau pelatihan yang telah             137           h)   Training and/or competency improvement
                            diikuti dalam tahun buku (jika ada); dan                                that have been followed in the fiscal year (if
                                                                                                    any);
                       i)   Uraian tugas dan tanggung jawab;                     136           i)   Description of duties and responsibilities;


                       j)   Pernyataan bahwa telah memiliki pedoman              136           j)   A statement that it has a guideline or charter;
                            atau piagam (charter) komite;
                       k)   Kebijakan dan pelaksanaan tentang frekuensi          136           k)   Policies and implementation of the frequency
                            rapat komite dan tingkat kehadiran anggota                              of meetings and the level of attendance of
                            komite dalam rapat tersebut;                                            members at the meeting;
                       l)   uraian singkat pelaksanaan kegiatan pada             137           l)   Brief description of the implementation of
                            tahun buku; dan                                                         activities in the fiscal year; and
                       m)   dalam hal tidak dibentuk komite nominasi             N/A           m)   In the event that no nomination and
                            dan remunerasi, Emiten atau Perusahaan                                  remuneration committee is formed, the
                            Publik cukup mengungkapkan informasi                                    Issuer or Public Company is sufficient to
                            sebagaimana dimaksud dalam huruf i) sampai                              disclose the information as referred to in
                            dengan huruf l) dan mengungkapkan:                                      letter i) to letter l) and disclose:


                            (1)     alasan tidak dibentuknya komite; dan         N/A                (1)    Reasons for not forming the committee;
                                                                                                           and




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                        (2)   pihak yang melaksanakan fungsi                  N/A                (2)    The party carrying out the nomination
                              nominasi dan remunerasi;                                                  and remuneration function;
              8)   Komite lain yang dimiliki Emiten atau Perusahaan           N/A      8)   Other committees owned by Issuers or Public
                   Publik dalam rangka mendukung fungsi dan tugas                           Companies in order to support the functions and
                   Direksi (jika ada) dan/atau komite yang mendukung                        tasks of the Board of Directors (if any) and / or
                   fungsi dan tugas Dewan Komisaris, paling sedikit                         committees that support the functions and duties
                   memuat:                                                                  of the Board of Commissioners, the least contains:
                   a)   Nama dan jabatannya dalam keanggotaan                 N/A           a)   Name and position in the Committee;
                        komite;
                   b)   Usia;                                                 N/A           b)   Age;
                   c)   Kewarganegaraan;                                      N/A           c)   Citizenship;
                   d)   Riwayat pendidikan;                                   N/A           d)   Education background;
                   e)   Riwayat jabatan, meliputi informasi:                  N/A           e)   History of position, including:
                        (1)   Dasar hukum penunjukan sebagai                  N/A                (1)    Legal basis for the appointment as
                              anggota komite;                                                           member of the committee;
                        (2)   Rangkap jabatan, baik sebagai anggota           N/A                (2)    Dual position, as member of Board of
                              Dewan Komisaris, anggota Direksi, dan/                                    Commissioners, member of Board of
                              atau anggota komite serta jabatan lainnya                                 Directors, and/or member of committee,
                              (jika ada); dan                                                           and other position (if any); and
                        (3)   Pengalaman kerja beserta periode                N/A                (3)    Working experience and period in and
                              waktunya baik di dalam maupun di luar                                     outside the Issuer or Public Company;
                              Emiten atau Perusahaan Publik;
                   f)   Periode dan masa jabatan anggota komite;              N/A           f)   Period and terms of office of the member of
                                                                                                 Audit Committee;
                   g)   Pernyataan independensi komite;                       N/A           g)   Statement of committee independence;
                   h)   Pendidikan dan/atau pelatihan yang telah              N/A           h)   Training and/or competency improvement
                        diikuti dalam tahun buku (jika ada); dan                                 that have been followed in the fiscal year (if
                                                                                                 any); and
                   i)   Uraian tugas dan tanggung jawab;                      N/A           i)   Description of duties and responsibilities;
                   j)   Pernyataan bahwa telah memiliki pedoman               N/A           j)   A statement that the committee has had
                        atau piagam (charter) komite;                                            guidelines or charters;
                   k)   Kebijakan dan pelaksanaan tentang frekuensi           N/A           k)   Policies and implementation of the frequency
                        rapat komite dan tingkat kehadiran anggota                               of committee meetings and the level of
                        komite dalam rapat tersebut;                                             attendance of committee members at the
                                                                                                 meeting; and
                   l)   uraian singkat pelaksanaan kegiatan pada              N/A           l)   A brief description of the committee’s
                        tahun buku; dan                                                          activities for the fiscal year;
              9)   Sekretaris Perusahaan, mencakup antara lain:              137-138   9)   Corporate Secretary, including:
                   a)   nama;                                                 138           a)   name;
                   b)   domisili;                                             138           b)   domicile;
                   c)   riwayat jabatan, meliputi informasi:                  138           c)   history of position, including:
                        (1)   dasar hukum penunjukan sebagai                  138                (1)    legal basis for the appointment as
                              Sekretaris Perusahaan; dan                                                Corporate Secretary; and
                        (2)   pengalaman kerja beserta periode                138                (2)    working experience and period in and
                              waktunya baik di dalam maupun di luar                                     outside the Issuer or Public Company;
                              Emiten atau Perusahaan Publik;
                   d)   riwayat pendidikan;                                   138           d)   education background;
                   e)   pendidikan dan/atau pelatihan yang diikuti            138           e)   education and/or training during the year
                        dalam tahun buku; dan                                                    under review; and
                   f)   uraian singkat pelaksanaan tugas Sekretaris           138           f)   brief description on the implementation of
                        Perusahaan pada tahun buku;                                              duties of the Corporate Secretary in the year
                                                                                                 under review;
              10) Unit Audit Internal, mencakup antara lain:                 139-141   10) Internal Audit Unit, among others including:
                   a)   Nama kepala Unit Audit Internal;                     139-140        a)   Name of Head of Internal Audit Unit;
                   b)   Riwayat jabatan, meliputi informasi:                 139-140        b)   History of position, including:
                        (1)   Dasar hukum penunjukan sebagai Kepala          139-140             (1)    Legal basis for the appointment as Head
                              Audit Internal; dan                                                       of Internal Audit Unit; and
                        (2)   Pengalaman kerja beserta periode               139-140             (2)    Working experience and period in and
                              waktunya baik di dalam maupun di luar                                     outside the Issuer or Public Company;
                              Emiten atau Perusahaan Publik;
                   c)   Kualifikasi atau sertifikasi sebagai profesi audit   139-140        c)   Qualification or certification as internal
                        internal (jika ada);                                                     auditor (if any);
                   d)   Pendidikan dan/atau pelatihan yang diikuti            140           d)   Education and/or training during the year
                        dalam tahun buku;                                                        under review;
                   e)   Struktur dan kedudukan Unit Audit Internal;           139           e)   Structure and position of Internal Audit Unit;
                   f)   Uraian tugas dan tanggung jawab;                     140-141        f)   Description of duties and responsibilities;
                   g)   Pernyataan bahwa telah memiliki pedoman               141           g)   Statement that the Internal Audit Unit has
                        atau piagam (charter) Unit Audit Internal; dan                           already have Internal Audit Unit charter; and
                   h)   Uraian singkat pelaksanaan tugas Unit Audit           141           h)   Brief description on the implementation of
                        Internal pada tahun buku;                                                duty of Internal Audit Unit during the year
                                                                                                 under review;
              11) Uraian mengenai sistem pengendalian internal               142-144   11) Description on internal control system adopted by
                  (internal control) yang diterapkan oleh Emiten atau                      the Issuer or Public Company, at least covering:
                  Perusahaan Publik, paling sedikit mengenai:




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                      a)   Pengendalian keuangan dan operasional, serta       142-144        a)   Financial and operational control, and
                           kepatuhan terhadap peraturan perundang-                                compliance to the other prevailing rules; and
                           undangan lainnya; dan
                      b)   Tinjauan atas efektivitas sistem pengendalian      142-144        b)   Review on the effectiveness of internal control
                           internal;                                                              systems;
                      c)   Pernyataan Direksi dan/atau Dewan Komisaris        142-144        c)   Statement of the Board of Directors and/or
                           atas kecukupan sistem pengendalian internal;                           Board of Commissioners on the adequacy of
                                                                                                  the internal control system;
                  12) Sistem manajemen risiko yang diterapkan oleh            144-146   12) Risk management system implemented by the
                      Emiten atau Perusahaan Publik, paling sedikit                         company, at least includes:
                      mengenai:
                      a)   Gambaran umum mengenai sistem                      144-146        a)   General description about the company’s
                           manajemen risiko Emiten atau Perusahaan                                risk management system the Issuer or Public
                           Publik;                                                                Company;
                      b)   Jenis risiko dan cara pengelolaannya; dan          144-146        b)   Types of risk and the management; and
                      c)   Tinjauan atas efektivitas sistem manajemen         144-146        c)   Review the effectiveness of the risk
                           risiko Emiten atau Perusahaan Publik;                                  management system applied by the Issuer or
                                                                                                  Public Company;
                      d)   Pernyataan Direksi dan/atau Dewan Komisaris        144-146        d)   Statement of the Board of Directors and/
                           atau komite audit atas kecukupan sistem                                or the Board of Commissioners or the audit
                           manajemen risiko;                                                      committee on the adequacy of the risk
                                                                                                  management system;
                  13) Perkara hukum yang berdampak material yang               146      13) Legal cases that have a material impact faced
                      dihadapi oleh Emiten atau Perusahaan Publik,                          by Issuers or Public Companies, subsidiaries,
                      entitas anak, anggota Direksi dan anggota Dewan                       members of the Board of Directors and members
                      Komisaris (jika ada), antara lain meliputi:                           of the Board of Commissioners (if any), at least
                                                                                            contain:
                      a)   Pokok perkara/gugatan;                              146           a)   Substance of the case/claim;
                      b)   Status penyelesaian perkara/gugatan; dan            146           b)   Status of settlement of case/claim; and
                      c)   Pengaruhnya terhadap kondisi Emiten atau            146           c)   Potential impacts on the condition of the
                           Perusahaan Publik;                                                     Issuer or Public Company;
                  14) Informasi tentang sanksi administratif yang              146      14) information about administrative sanctions
                      dikenakan kepada Emiten atau Perusahaan Publik,                       imposed to Issuer or Public Company, members
                      anggota Dewan Komisaris dan Direksi, oleh otoritas                    of the Board of Commissioners and the Board
                      Pasar Modal dan otoritas lainnya pada tahun buku                      of Directors, by the Capital Market Authority and
                      (jika ada);                                                           other authorities during the last fiscal year (if any);
                  15) Informasi mengenai kode etik Emiten atau                147-148   15) information about codes of conduct of the Issuer
                      Perusahaan Publik meliputi:                                           or Public Company, includes:
                      a)   Pokok-pokok kode etik;                             147-148        a)   Key points of the code of conduct;
                      b)   Bentuk sosialisasi kode etik dan upaya             147-148        b)   Socialization of the code of conduct and
                           penegakannya; dan                                                      enforcement; and
                      c)   Pernyataan bahwa kode etik berlaku bagi            147-148        c)   Statement that the code of conduct is
                           anggota Direksi, anggota Dewan Komisaris,                              applicable for the Board of Commissioners,
                           dan karyawan Emiten atau Perusahaan Publik;                            the Board of Directors, and employees of the
                                                                                                  Issuer of Public Company;
                  16) Uraian singkat mengenai kebijakan pemberian              148      16) A brief description of the policy of providing
                      kompensasi jangka panjang berbasis kinerja                            long-term performance-based compensation to
                      kepada manajemen dan/atau karyawan yang                               management and/or employees owned by the
                      dimiliki oleh Emiten atau Perusahaan Publik (jika                     Issuer or Public Company (if any), including the
                      ada), antara lain berupa program kepemilikan                          management stock ownership program (MSOP)
                      saham oleh manajemen (management stock                                and/or program employee stock ownership (ESOP);
                      ownership program/MSOP) dan/atau program
                      kepemilikan saham oleh karyawan (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;                         148           a)   Number of shares and/or options;
                      b)   jangka waktu pelaksanaan;                           148           b)   Implementation period;
                      c)   persyaratan karyawan dan/atau manajemen             148           c)   Requirements for eligible employees and/or
                           yang berhak; dan                                                       management; and
                      d)   harga pelaksanaan atau penentuan harga              148           d)   Exercise price or determination of exercise
                           pelaksanaan;                                                           price;
                  17) Uraian singkat mengenai kebijakan pengungkapan           149      17) A brief description of the information disclosure
                      informasi mengenai:                                                   policy regarding:
                      a)   Kepemilikan saham anggota Direksi dan               149           a)   Share ownership of members of the Board
                           anggota Dewan Komisaris paling lambat 3                                of Directors and members of the Board
                           (tiga) hari kerja setelah terjadinya kepemilikan                       of Commissioners no later than 3 (three)
                           atau setiap perubahan kepemilikan atas                                 working days after the occurrence of
                           saham Perusahaan Terbuka; dan                                          ownership or any change in ownership of
                                                                                                  shares of a Public Company; and
                      b)   Pelaksanaan atas kebijakan dimaksud;                149           b)   Implementation of the policy;
                  18) Uraian mengenai sistem pelaporan pelanggaran            150-151   18) Description of whistleblowing system at the Issuer
                      (whistleblowing system) di Emiten atau Perusahaan                     or Public Company (if any), among others include:
                      Publik (jika ada), antara lain meliputi:
                      a)   Cara penyampaian laporan pelanggaran;              150-151        a)   Mechanism for violation reporting;
                      b)   Perlindungan bagi pelapor;                         150-151        b)   Protection for the whistleblower;
                      c)   Penanganan pengaduan;                              150-151        c)   Handling of violation reports;




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                                                                          Halaman
No.                              Keterangan                                                              Description
                                                                            Page

                   d)   Pihak yang mengelola pengaduan; dan               150-151             d)   Unit responsible for handling of violation
                                                                                                   report; and
                   e)   Hasil dari penanganan pengaduan, paling           150-151             e)   Results from violation report handling, at
                        sedikit meliputi:                                                          least includes:
                        (1)   Jumlah pengaduan yang masuk dan             150-151                  (1)   Number of complaints received and
                              diproses dalam tahun buku; dan                                             processed during the fiscal year; and
                        (2)   Tindak lanjut pengaduan;                    150-151                  (2)   Follow up of complaints;
              19) Uraian mengenai kebijakan anti korupsi Emiten           152-153        19) A description of the anti-corruption policy of the
                  atau Perusahaan Publik, paling sedikit memuat:                             Issuer or Public Company, at least containing:
                   a)   program dan prosedur yang dilakukan               152-153             a)   Programs and procedures implemented in
                        dalam mengatasi praktik korupsi, balas jasa                                overcoming corrupt practices, kickbacks,
                        (kickbacks), fraud, suap dan/atau gratifikasi                              fraud, bribery and/or gratification in Issuers
                        dalam Emiten atau Perusahaan Publik; dan                                   or Public Companies; and
                   b)   pelatihan/sosialisasi anti korupsi kepada         152-153             b)   Anti-corruption training/socialization to
                        karyawan Emiten atau Perusahaan Publik;                                    employees of Issuers or Public Companies;
              20) Penerapan atas Pedoman Tata Kelola Perusahaan           155-159        20) Implementation of the Guidelines of Corporate
                  Terbuka bagi Emiten yang menerbitkan Efek                                  Governance for Public Companies for Issuer
                  Bersifat Ekuitas atau Perusahaan Publik, meliputi:                         issuing Equity-based Securities or Public Company,
                                                                                             including:
                   a)   pernyataan mengenai rekomendasi yang telah        155-159             a)   statement regarding recommendation that
                        dilaksanakan; dan/atau                                                     have been implemented; and/or
                   b)   penjelasan atas rekomendasi yang belum            155-159             b)   description of recommendation that have not
                        dilaksanakan, disertai alasan dan alternatif                               been implemented, along with the reason and
                        pelaksanaannya (jika ada);                                                 alternatives of implementation (if any);
         h.   Tanggung Jawab Sosial dan Lingkungan Emiten atau            162-193   h.   Social and Environmental Responsibility of the Issuer or
              Perusahaan Publik                                                          Public Company
              1)   Informasi yang diungkapkan dalam bagian                162-193        1)   The information disclosed in the social and
                   tanggung jawab sosial dan lingkungan merupakan                             environmental responsibility section is a
                   Laporan Keberlanjutan (Sustainability Report)                              Sustainability Report as referred to in the Financial
                   sebagaimana dimaksud dalam Peraturan Otoritas                              Services Authority Regulation Number 51/
                   Jasa Keuangan Nomor 51/POJK.03/2017 tentang                                POJK.03/2017 concerning the Implementation
                   Penerapan Keuangan Berkelanjutan bagi Lembaga                              of Sustainable Finance for Financial Services
                   Jasa Keuangan, Emiten, dan Perusahaan Publik,                              Institutions, Issuers, and Public Companies, at at
                   paling sedikit memuat:                                                     least includes:


                   a)   penjelasan strategi keberlanjutan;                162-193             a)   Explanation of the sustainability strategy;
                   b)   ikhtisar aspek keberlanjutan (ekonomi, sosial,    162-193             b)   Overview of sustainability aspects (economic,
                        dan lingkungan hidup);                                                     social, and environmental);
                   c)   profil singkat Emiten atau Perusahaan Publik;     162-193             c)   Brief profile of the Issuer or Public Company;
                   d)   penjelasan Direksi;                               162-193             d)   Explanation of the Board of Directors;
                   e)   tata kelola keberlanjutan;                        162-193             e)   Sustainability governance;
                   f)   kinerja keberlanjutan;                            162-193             f)   Sustainability performance;
                   g)   verifikasi tertulis dari pihak independen, jika   162-193             g)   Written verification from an independent
                        ada;                                                                       party, if any;
                   h)   lembar umpan balik (feedback) untuk               162-193             h)   Feedback sheet for readers, if any; and
                        pembaca, jika ada; dan
                   i)   Tanggapan Emiten atau Perusahaan Publik           162-193             i)   The response of the Issuer or Public Company
                        terhadap umpan balik laporan tahun                                         to the previous year’s report feedback;
                        sebelumnya;
              2)   Laporan Keberlanjutan sebagaimana dimaksud               ✓            2)   The Sustainability Report as referred to in
                   pada angka 1), harus disusun sesuai Pedoman                                number 1) must be prepared in accordance with
                   Teknis Penyusunan Laporan Keberlanjutan                                    the Technical Guidelines for the Preparation of
                   (Sustainability Report) Bagi Emiten dan Perusahaan                         a Sustainability Report for Issuers and Public
                   Publik sebagaimana tercantum dalam Lampiran                                Companies as contained in Appendix II which is
                   II yang merupakan bagian tidak terpisahkan dari                            an integral part of this Financial Services Authority
                   Surat Edaran Otoritas Jasa Keuangan ini;                                   Circular Letter;
              3)   Informasi Laporan Keberlanjutan (Sustainability          ✓            3)   Information on the Sustainability Report in number
                   Report) pada angka 1) dapat:                                               1) can:
                   a)   diungkapkan pada bagian lain yang relevan           ✓                 a)   Disclosed in other relevant sections outside
                        di luar bagian tanggung jawab sosial dan                                   the Social and Environmental Responsibility
                        lingkungan, seperti penjelasan Direksi terkait                             section, such as the Directors’ explanation
                        Laporan Keberlanjutan diungkapkan dalam                                    regarding the Sustainability Report disclosed
                        bagian terkait Laporan Direksi; dan/atau                                   in the section related to the Directors’ Report;
                                                                                                   and/or
                   b)   merujuk pada bagian lain di luar bagian             ✓                 b)   Refers to other sections outside the Social
                        tanggung jawab sosial dan lingkungan                                       and Environmental Responsibility section
                        dengan tetap mengacu pada Pedoman                                          by still referring to the Technical Guidelines
                        Teknis Penyusunan Laporan Keberlanjutan                                    for the Preparation of Sustainability Reports
                        (Sustainability Report) Bagi Emiten dan                                    for Issuers and Public Companies as listed in
                        Perusahaan Publik sebagaimana tercantum                                    Appendix II which is an integral part of this
                        dalam Lampiran II yang merupakan bagian                                    Financial Services Authority Circular Letter,
                        tidak terpisahkan dari Surat Edaran Otoritas                               such as the profile of the Issuer or Public
                        Jasa Keuangan ini, seperti profil Emiten atau                              Company;
                        Perusahaan Publik;
              4)   Laporan Keberlanjutan (Sustainability Report)            ✓            4)   The Sustainability Report as referred to in number
                   sebagaimana dimaksud pada angka 1) merupakan                               1) is an inseparable part of the Annual Report
                   bagian yang tidak terpisahkan dari Laporan                                 but can be presented separately from the Annual
                   Tahunan namun dapat disajikan secara terpisah                              Report;
                   dengan Laporan Tahunan;




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                                                                           Halaman
      No.                          Keterangan                                                           Description
                                                                             Page

                  5)   Dalam hal Laporan Keberlanjutan disajikan secara      ✓           5)   In the event that the Sustainability Report is
                       terpisah dengan Laporan Tahunan, informasi                             presented separately from the Annual Report, the
                       yang diungkapkan dalam Laporan Keberlanjutan                           information disclosed in the Sustainability Report
                       dimaksud harus:                                                        must:
                       a)   memuat seluruh informasi sebagaimana             ✓                a)   Contains all the information as referred to in
                            dimaksud pada angka 1); dan                                            number 1); and
                       b)   disusun sesuai Pedoman Teknis Penyusunan         ✓                b)   Prepared in accordance with the Technical
                            Laporan Keberlanjutan (Sustainability                                  Guidelines for the Preparation of a
                            Report) Bagi Emiten dan Perusahaan Publik                              Sustainability Report for Issuers and Public
                            sebagaimana tercantum dalam Lampiran II                                Companies as listed in Appendix II which
                            yang merupakan bagian tidak terpisahkan dari                           is an integral part of this Financial Services
                            Surat Edaran Otoritas Jasa Keuangan ini;                               Authority Circular Letter;


                  6)   Dalam hal Laporan Keberlanjutan disajikan secara      ✓           6)   In the event that the Sustainability Report is
                       terpisah dengan Laporan Tahunan, maka dalam                            presented separately from the Annual Report,
                       bagian tanggung jawab sosial dan lingkungan                            then the Social and Environmental Responsibility
                       memuat informasi bahwa informasi mengenai                              section contains information that information on
                       tanggung jawab sosial dan lingkungan telah                             Social and Environmental Responsibility has been
                       diungkapkan dalam Laporan Keberlanjutan yang                           disclosed in the Sustainability Report which is
                       disajikan secara terpisah dari Laporan Tahunan;                        presented separately from the Annual Report; and
                       dan
                  7)   Penyampaian Laporan Keberlanjutan (Sustainability     ✓           7)   Submission of the Sustainability Report which is
                       Report) yang disajikan secara terpisah dengan                          presented separately from the Annual Report must
                       Laporan Tahunan harus disampaikan bersamaan                            be submitted together with the Annual Report.
                       dengan 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 Standar                          should be prepared in accordance with the Financial
                  Akuntansi Keuangan di Indonesia dan telah diaudit                      Accounting Standards in Indonesia and audited by an
                  oleh Akuntan. Laporan keuangan dimaksud memuat                         Accountant. The said financial statement should be
                  pernyataan mengenai pertanggungjawaban atas                            included with statement of responsibility for financial
                  laporan keuangan sebagaimana diatur dalam peraturan                    report as stipulated in the legislations in the Capital
                  perundang-undangan di sektor Pasar Modal yang                          Markets sector governing the responsibility of the Board
                  mengatur mengenai tanggung jawab Direksi atas laporan                  of Directors on the financial report or the legislations
                  keuangan atau peraturan perundang-undangan di                          in the Capital Markets sector governing the periodic
                  sektor Pasar Modal yang mengatur mengenai laporan                      reports of securities company in the event the Issuer is
                  berkala Perusahaan Efek dalam hal Emiten merupakan                     a Securities Company; and
                  Perusahaan Efek; dan
              j   Surat Pernyataan Anggota Direksi dan Anggota Dewan         ✓       j   Letter of Statement of the Board of Directors and the
                  Komisaris tentang Tanggung Jawab atas Laporan                          Board of Commissioners regarding the Responsibility
                  Tahunan                                                                for Annual Reporting
                  Surat pernyataan anggota Direksi dan anggota Dewan         ✓           Letter of statement of the Board of Directors and the
                  Komisaris tentang tanggung jawab atas Laporan                          Board of Commissioners regarding the responsibility
                  Tahunan disusun sesuai dengan format Surat                             for Annual Reporting should be prepared according to
                  Pernyataan Anggota Direksi dan Anggota Dewan                           the format of letter of statement of member of Board
                  Komisaris tentang Tanggung Jawab atas Laporan                          of Directors and the Board of Commissioners regarding
                  Tahunan sebagaimana tercantum dalam Lampiran yang                      the responsibility for Annual Reporting as attached
                  merupakan bagian tidak terpisahkan dari Surat Edaran                   in the Attachment, which is an integral part of this
                  Otoritas Jasa Keuangan ini.                                            Circulation Letter of the Financial Services Authority.




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Daftar Pengungkapan sesuai
Peraturan Otoritas Jasa Keuangan
Nomor 51/POJK.03/2017                                                                                                [OJK G.4]

List of Disclosure based on POJK No.51/POJK.03/2017


  No. Indeks                                                               Nama Indeks                                                         Halaman
  No. Index                                                                 Index Name                                                           Page


 Strategi Keberlanjutan | Sustainability Strategy

 A.1              Penjelasan Strategi Keberlanjutan | Explanation on Sustainability Strategies                                                 163-164

                  Ikhtisar Kinerja Aspek Keberlanjutan | Overview of Sustainability Aspects Performance

 B.1              Aspek Ekonomi | Economy Aspects                                                                                                 6

 B.2              Aspek Lingkungan Hidup | Environmental Aspects                                                                                  6

 B.3              Aspek Sosial | Social Aspects                                                                                                   6

 Profil Perusahaan | Company Profile

 C.1              Visi, Misi, dan Nilai Keberlanjutan | Vission, Mission, Sustainable Values                                                     46

 C.2              Alamat Perusahaan | Company Address                                                                                            41

 C.3              Skala Usaha:
                  a. Total aset atau kapitalisasi dan total kewajiban;
                  b. Jumlah karyawan menurut jenis kelamin, jabatan, usia, pendidikan, dan status ketenagakerjaan;
                  c. Nama pemegang saham dan persentase kepemilikan saham; dan
                                                                                                                                                a. 10
                  d. Wilayah operasional
                                                                                                                                                b. 68
                                                                                                                                                c. 70
                  Business Scale:
                                                                                                                                                d. 49
                  a. Total assets or assets capitalizationm and total liabilities;
                  b. Total employee based on gender, position, age, education and employment status;
                  c. Percentage of share ownership; and
                  d. Operational area.

 C.4              Produk, Layanan, dan Kegiatan Usaha yang Dijalankan                                                                            48
                  Product, Service and Business Activities

 C.5              Keanggotaan pada Asosiasi | Member Association                                                                                 52

 C.6              Perubahan Emiten dan Perusahaan Publik yang Bersifat Signifikan | Significant Changes                                          52

 Penjelasan Direksi | Director Explanation

 D.1              Penjelasan Direksi | Director Explanation                                                                                    165-166

 Tata Kelola Keberlanjutan | Sustainable Corporate Governance

 E.1              Penanggung Jawab Penerapan Keuangan Berkelanjutan                                                                              168
                  Person in Charge Responsibility for Sustainable Finance

 E.2              Pengembangan Kompetensi Terkait Keuangan Berkelanjutan                                                                         168
                  Sustainable Finance Competency Development

 E.3              Penilaian Risiko Atas Penerapan Keuangan Berkelanjutan                                                                       169-170
                  Sustainable Finance Risk Assessment Implementation

 E.4              Hubungan dengan Pemangku Kepentingan                                                                                         170-172
                  Stakeholders Relations

 E.5              Permasalahan Terhadap Penerapan Keuangan Berkelanjutan                                                                         172
                  Sustainable Finance Implementation Problems

 Kinerja Keberlanjutan | Sustainable Performance

 F.1              Kegiatan Membangun Budaya Keberlanjutan                                                                                        173
                  The Activities of Building a Culture of Sustainability

 Kinerja Ekonomi | Economic Performance

 F.2              Perbandingan Target dan Kinerja Produksi, Portofolio, Target Pembiayaan, atau Investasi, Pendapatan dan Laba Rugi              174
                  Comparison of Production Targets and Performance, Portfolio, Financial Targets, or Investment, Revenue and Profit

 F.3              Perbandingan Target dan Kinerja Portofolio, Target Pembiayaan, atau Investasi pada Instrumen Keuangan atau Proyek yang         174
                  Sejalan dengan Keuangan Berkelanjutan
                  Comparison of Portfolio Targets and Performance, Financing Targets, or Investments in Financial Instruments or Projects in
                  Line With the Implementation of Sustainable Finance

 Kinerja Lingkungan Hidup | Environmental Performance

 F.4              Biaya Lingkungan Hidup | Environment Cost Incurred                                                                             184

                  Aspek Material | Material Aspect

 F.5              Penggunaan Material yang Ramah Lingkungan | Use of Environmentally Friendly Materials                                          184




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        No. Indeks                                                                 Nama Indeks                                                          Halaman
        No. Index                                                                   Index Name                                                            Page


                         Aspek Energi | Energy Aspect

       F.6               Jumlah dan Intensitas Energi yang Digunakan | The Amount and Intensity of Energy Used                                           184-185

       F.7               Upaya dan Pencapaian Efisiensi Energi dan Penggunaan Energi Terbarukan                                                            185
                         Efforts and Achievement of Energy Efficiency Including Use of Renewable Energy Sources

                         Aspek Air | Water Aspect

       F.8               Penggunaan Air | Water Used                                                                                                     188-189

                         Aspek Keanekaragaman Hayati | Biodiversity Aspect

       F.9               Dampak dari Wilayah Operasional yang Dekat atau Berada di Daerah Konservasi atau Memiliki Keanekaragaman Hayati                   186
                         Impacts from Operational Areas Close to or in Conservation Areas or Having Biodiversity

       F.10              Usaha Konservasi Keanekaragaman Hayati | Biodiversity Conservation Efforts                                                      186-187

                         Aspek Emisi | Emission Aspect

       F.11              Jumlah dan Intensitas Emisi yang Dihasilkan Berdasarkan Jenisnya                                                                  187
                         The Amount and Intensity of Emissions Produced by Type

       F.12              Upaya dan Pencapaian Pengurangan Emisi yang Dilakukan                                                                             188
                         Efforts and Achievement Emission Reduction Carried Out

                         Aspek Limbah dan Efluen | Waste and Effluent Aspect

       F.13              Jumlah Limbah dan Efluen yang Dihasilkan Berdasarkan Jenis                                                                        189
                         The Amount of Waste and Effluent Produced by Type

       F.14              Mekanisme Pengelolaan Limbah dan Efluen | Mechanism of Waste and Effluent Management                                              189

       F.15              Tumpahan yang Terjadi (jika ada) | Spills that Occur (if any)                                                                     189

                         Aspek Pengaduan Terkait Lingkungan Hidup | Environmental Complaint Aspect

       F.16              Jumlah dan Materi Pengaduan Lingkungan Hidup yang Diterima dan Diselesaikan                                                       189
                         The Amount and Material of Environmental Complaints Received and Resolved

                         Kinerja Sosial | Social Aspect

       F.17              Komitmen untuk Memberikan Layanan atas Produk dan/atau Jasa yang Setara kepada Konsumen                                           174
                         Commitment to Provide Services for Equivalent Products and/or Services to Consumers

                         Aspek Ketenagakerjaan | Employment Aspect

       F.18              Kesetaraan Kesempatan Bekerja | Equality of Employment Opportunities                                                            174-175

       F.19              Tenaga Kerja Anak dan Tenaga Kerja Paksa | Child Labor and Forced Labor                                                           178

       F.20              Upah Minimum Regional | The Regional Minimum Wage                                                                               176-177

       F.21              Lingkungan Bekerja yang Layak dan Aman | Decent and Safe Working Environment                                                      177

       F.22              Pelatihan dan Pengembangan Kemampuan Pegawai                                                                                      175
                         Training and Capacity Building of Employees

                         Aspek Masyarakat | Society Aspect

       F.23              Dampak Operasi Terhadap Masyarakat Sekitar                                                                                      178-179
                         Operational Impacts to the Surrounding Community

       F.24              Pengaduan Masyarakat | Public Complaints                                                                                          179

       F.25              Kegiatan Tanggung Jawab Sosial Lingkungan (TJSL)                                                                                180-183
                         Environmental and Social Responsibility Activities

       Tanggung Jawab Pengembangan Produk/Jasa Berkelanjutan
       Responsibilities for Developing Sustainable Products/Services

       F.26              Inovasi dan Pengembangan Produk/Jasa Keuangan Berkelanjutan                                                                       190
                         Innovation and Development of Sustainable Financial Products and/or Services

       F.27              Produk/Jasa yang Sudah Dievalualsi Keamanannya bagi Pelanggan                                                                   190-191
                         Products/Services that have been Evaluated for Safety for Customers

       F.28              Dampak Produk/Jasa | Products/Service Impacts                                                                                     191

       F.29              Jumlah Produk yang Ditarik Kembali | Number of Products Recalled                                                                  191

       F.30              Survei Kepuasan Pelanggan Terhadap Produk dan/atau Jasa Keuangan Berkelanjutan                                                    192
                         Customer Satisfaction Survey of Sustainable Finance and/or Services

       Lain-lain | Others

       G.1               Verifikasi Tertulis dari Pihak Independen (jika ada)                                                                              193
                         Written Verification from an Independent Party (if any)

       G.2               Lembar Umpan Balik | Feedback Form                                                                                              211-212

       G.3               Tanggapan Terhadap Umpan Balik Laporan Keberlanjutan Tahun Sebelumnya                                                             193
                         Feedback on Previous Year’s Sustainability Report

       G.4               Daftar Pengungkapan Sesuai Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017 tentang Penerapan Keuangan                    194-210
                         Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik
                         Disclosure List Based on POJK No.51/POJK.03/2017 regarding the Implementation of Sustainable Finance for Financial Services
                         Institutions, Listed Companies and Public Companies

      N/A: data tidak tersedia | Not available
      N/R: Not relevan | Not relevan




210   PT Indoritel Makmur Internasional Tbk                                                                                  Laporan Tahunan 2025 Annual Report
Page 213
Lembar Umpan Balik
Feedback Sheet


Laporan Keberlanjutan PT Indoritel                                     2025 Sustainability Report of PT Indoritel
Makmur Internasional Tbk Tahun 2025                                    Makmur Internasional Tbk
Terima kasih atas kesediaan Bapak/Ibu/Saudara/                         Thank you for your willingness to read the 2025
Saudari untuk membaca Laporan Keberlanjutan                            Sustainability Report of PT Indoritel Makmur
PT Indoritel Makmur Internasional Tbk tahun 2025.                      Internasional Tbk. To improve the transparency of
Untuk meningkatkan transparansi kinerja keberlanjutan                  sustainability performance and as evaluation material in
dan sebagai bahan evaluasi dalam penyusunan Laporan                    preparing the following year’s Sustainability Report, we
Keberlanjutan tahun berikutnya, kami mengharapkan                      hope that you fill in the prepared Feedback Sheet and
kesediaan Bapak/Ibu/Saudara/Saudari untuk mengisi                      send it back to us through email or post.
Lembar Umpan Balik yang telah disiapkan dan
mengirimkan kembali kepada kami melalui email atau
pos.

Silahkan pilih salah satu kelompok                                     Please choose one of the stakeholder
pemangku kepentingan yang paling                                       groups that best describes you:
mewakili Anda:

Nama Lengkap I Full Name                                :

Institusi/Perusahaan I Institution/Company :

Email                                                   :



     Karyawan                        Investor/Analis Keuangan/Pemegang Saham  NGO                       Mahasiswa/Akademisi
     Employee 		                     Investor/Financial Analyst/Shareholder 				                        Student/Academics

     Vendor/Pemasok    Regulator   Media Lain-lain
     Vendor/Supplier 		Regulator				Others:



Bagaimana penilaian Anda terhadap                                      How do you rate this report:
laporan ini:

                         Parameter | Parameters                             1          2          3          4          5

 Dapat memenuhi kebutuhan informasi yang anda butuhkan
 Meet the needs of the information you need
 Konten yang lengkap
 Content completeness
 Transparan
 Transparency
 Jelas dan mudah dimengerti
 Clear and easy to understand
 Kemudahan dalam mencari informasi tertentu
 Ease of finding specific information
 Keseluruhan Laporan
 Overall Report

(1=BURUK sampai dengan 5=SANGAT BAIK I 1 = POOR up to 5 = EXCELLENT)
Page 214
      Laporan ini terdiri dari bagian-bagian                               This report consists of the following
      berikut:                                                             sections:

                                                                                                     Apakah bagian ini bermanfaat/
                             Bagian                         Apakah anda mengakses bagian ini?
                                                                                                   memuat informasi yang mencukupi?
                             Section                            Do you access this section?
                                                                                                      Is this section useful/insightful?
       Tentang Laporan Ini | About This Report

       Tentang PT Indoritel Makmur Internasional Tbk
       About PT Indoritel Makmur Internasional Tbk
       Ikhtisar Kinerja | Performance Highlights

       Laporan Manajemen | Management Report

       Profil Perusahaan| Company Profile

       Analisis dan Pembahasan Manajemen
       Management Discussion and Analysis
       Tata Kelola Perusahaan
       Good Corporate Governance
       Laporan Keberlanjutan
       Sustainability Report



      Material aspek apa yang menurut Anda                                 What material aspect do you find the
      paling informatif dan bermanfaat?                                    most informative and useful?

                                                                            Apakah data dan informasi yang disajikan cukup untuk
                                                                                           kebutuhan informasi Anda?
                          Aspek Keberlanjutan Material                       Is the data and information presented sufficient for your
                          Material Sustainability Aspects                                       information needs?
                                                                           Terlalu Banyak           Mencukupi           Terlalu Sedikit
                                                                              Too Much               Sufficient            Too Little
       Kinerja Ekonomi | Economic Performance

       Kinerja Lingkungan Hidup | Environmental Performance

       Kinerja Sosial | Social Performance

       Kegiatan CSR | CSR Activities

       Produk dan Jasa Berkelanjutan | Sustainable Products and Services




      Apakah laporan ini menjawab perhatian utama                          Terima kasih atas partisipasi Anda.
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                                                                              PT Indoritel Makmur Internasional Tbk
                                                                              Wisma Indocement Lantai 10 | 10th Floor
                                                                              Jl. Jendral Sudirman Kav. 70-71
      Mohon berikan saran/usulan/komentar Bapak/                              Jakarta Selatan, DKI Jakarta
      Ibu/Saudara atas laporan ini                                            12910, Indonesia

      Please provide your suggestions/feedbacks/                              T.   +62 21 2941 0709
      comments on this report                                                 F.   +62 21 2941 0701
                                                                              E.   corporatesecretary@indoritel.co.id
                                                                              W.   www.indoritel.co.id




212   PT Indoritel Makmur Internasional Tbk                                                            Laporan Tahunan 2025 Annual Report
Page 215
Halaman ini sengaja dikosongkan
This page is intentionally left blank
Page 216
Ketika puncak akhirnya tercapai, perjalanan
itu membuktikan bahwa setiap langkah
ditempuh dengan perhitungan yang cermat
dan integritas yang terjaga.
Reaching the summit demonstrates that each
step was carefully planned and executed with
integrity.
Page 217
 Laporan
Keuangan
           Financial Report




PT Indoritel Makmur Internasional Tbk
 Laporan Tahunan 2025 Annual Report
Page 218
PT Indorit el Makmur Int ernasional Tbk
dan ent it as anaknya/ and it s subsidiaries

Laporan keuangan konsolidasian
tanggal 31 Desember 2025 dan
untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements
as of December 31, 2025 and for the year then ended
with independent auditor’s report
Page 219

          
Page 220
                                                                                 The original consolidated financial statements included herein are in
                                                                                                                            the Indonesian language.



    PT INDORITEL MAKMUR INTERNASIONAL Tbk                                       PT INDORITEL MAKMUR INTERNASIONAL Tbk
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
      LAPORAN KEUANGAN KONSOLIDASIAN                                             CONSOLIDATED FINANCIAL STATEMENTS
         TANGGAL 31 DESEMBER 2025 DAN                                                 AS OF DECEMBER 31, 2025 AND
          UNTUK TAHUN YANG BERAKHIR                                                          FOR THE YEAR
            PADA TANGGAL TERSEBUT                                                             THEN ENDED
    BESERTA LAPORAN AUDITOR INDEPENDEN                                            WITH INDEPENDENT AUDITOR’S REPORT



                             Daftar Isi                                                             Table of Contents

                                                                  Halaman/
                                                                   Page


Laporan Auditor Independen                                                                                     Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian .........................        1 - 3 ……………Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                                                                      Consolidated Statement of Profit or Loss
  Komprehensif Lain Konsolidasian ................................     4-5   ..............................and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian .....................           6    ………….. Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian .....................................   7-8   .......................... Consolidated Statement of Cash Flows

Catatan Atas Laporan Keuangan Konsolidasian.............. 9 - 97 ............ Notes to the Consolidated Financial Statements


                                                         **************************
Page 221
                                                                        The original report included herein is in the Indonesian language.




Laporan Audit or Independen                                        Independent Audit or’s Report

Laporan No.                   00346/ 2.1505/ AU.1/ 10/ 0685-       Report       No.       00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026                                                    2/ 1/ III/ 2026


Pemegang Saham, Dewan Komisaris, dan Direksi                       The Shareholders and t he Boards                                   of
PT Indorit el Makmur Int er nasional Tbk                           Commissioners and Direct ors
                                                                   PT Indorit el Makmur Int ernasional Tbk

Opini                                                              Opinion

Kami telah mengaudit laporan keuangan                              We have audited the accompanying consolidated
konsolidasian PT Indoritel Makmur Internasional                    financial statements of PT Indoritel Makmur
Tbk (“ Perusahaan” ) dan entitas anaknya (secara                   Internasional Tbk (the “ Company” ) and its
kolektif disebut sebagai “ Grup” ) terlampir, yang                 subsidiaries (collectively referred to as the
terdiri dari laporan posisi keuangan konsolidasian                 “ Group” ), which comprise the consolidated
tanggal 31 Desember 2025, serta laporan laba                       statement      of   financial   position    as    of
rugi dan penghasilan komprehensif              lain                December 31, 2025, and the consolidated
konsolidasian,     laporan    perubahan    ekuitas                 statement of profit or loss and other
konsolidasian, dan laporan arus kas konsolidasian                  comprehensive income, consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut,                   changes in equity, and consolidated statement of
serta     catatan     atas    laporan    keuangan                  cash flows for the year then ended, and notes to the
konsolidasian, termasuk informasi kebijakan                        consolidated financial statements, including
akuntansi material.                                                material accounting policy information.

Menurut     opini   kami,  laporan    keuangan                     In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar,                   financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan                     respects, the consolidated financial position of the
konsolidasian Grup tanggal 31 Desember 2025,                       Group as of December 31, 2025, and it s
serta   kinerja keuangan      dan    arus kas                      consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada                    for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar                            Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.




 KAP Purwanto Susanti dan Surja
                                                               i
 Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
 A member firm of Ernst & Young Global Limited
Page 222
                                                             The original report included herein is in the Indonesian language.



Laporan Audit or Independen (lanjut an)                  Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-               Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                               2/ 1/ III/ 2026 (continued)

Basis opini                                              Basis for opinion

Kami melaksanakan audit kami berdasarkan                 We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut              Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung            Indonesian    Institute    of    Certified    Public
jawab kami menurut standar tersebut diuraikan            Accountants (“ IICPA” ). Our responsibilities under
lebih lanjut dalam paragraf Tanggung Jawab               those standards are further described in the
Auditor terhadap Audit atas Laporan Keuangan             Auditor’s Responsibilities for the Audit of the
Konsolidasian pada laporan kami.            Kami         Consolidated Financial Statements paragraph of
independen      terhadap   Grup     berdasarkan          our report. We are independent of the Group in
ketentuan etika yang relevan dalam audit kami            accordance with the ethical requirements relevant
atas laporan keuangan konsolidasian di Indonesia,        to our audit of the consolidated financial
dan kami telah memenuhi tanggung jawab etika             statements in Indonesia, and we have fulfilled our
lainnya berdasarkan ketentuan tersebut. Kami             other ethical responsibilities in accordance with
yakin bahwa bukti audit yang telah kami peroleh          such requirements. We believe that the audit
adalah cukup dan tepat untuk menyediakan suatu           evidence we have obtained is sufficient and
basis bagi opini kami.                                   appropriate to provide a basis for our opinion.

Hal audit ut ama                                         Key audit mat t ers

Hal audit utama adalah hal-hal yang, menurut             Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal             professional judgment, were of most significance
yang paling signifikan dalam audit kami atas             in our audit of the consolidated financial
laporan keuangan konsolidasian periode kini. Hal         statements of the current period. These matters
tersebut disampaikan dalam konteks audit kami            were addressed in the context of our audit of the
atas laporan keuangan konsolidasian secara               consolidated financial statements taken as a
keseluruhan, dan dalam merumuskan opini kami             whole, and in forming our opinion thereon, and we
atas laporan keuangan konsolidasian terkait, kami        do not provide a separate opinion on such key
tidak menyatakan suatu opini terpisah atas hal           audit matters. For the key audit matter below, our
audit utama tersebut. Untuk hal audit utama di           description of how our audit addressed such key
bawah ini, penjelasan kami tentang bagaimana             audit matter is provided in that context.
audit kami menangani hal tersebut disampaikan
dalam konteks tersebut.

Kami telah memenuhi tanggung jawab yang                  We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab                  the Auditor’s Responsibilit ies for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan             Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                   matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,           audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang            designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas             of material misst atement of the accompanying
risiko kesalahan penyajian material dalam laporan        consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur         our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan             performed t o address t he key audit mat t er below,
untuk merespons hal audit utama di bawah ini,            provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan           accompanying consolidated financial statements.
keuangan konsolidasian terlampir.


                                                    ii

 A member firm of Ernst & Young Global Limited
Page 223
                                                                 The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                      Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-                   Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                                   2/ 1/ III/ 2026 (continued)


Hal audit ut ama (lanjut an)                                 Key audit mat t ers (cont inued)

Uji penurunan nilai atas investasi pada entitas              Impairment test of investments in associates
asosiasi

Penjelasan atas hal audit utama:                             Description of the key audit matter:

Pada tanggal 31 Desember 2025, Grup mencatat                 As of December 31, 2025, the Group has
investasi pada entitas asosiasi senilai Rp13,5               investments in associates with the carrying
triliun atau 57% dari total aset konsolidasian.              amount of Rp13.5 trillion or 57% of the
Setelah penerapan metode ekuitas, Grup                       consolidated total assets. After applying equity
menentukan pada setiap tanggal pelaporan                     method, the Group determines at each reporting
apakah terdapat indikator penurunan nilai atas               date for the presence of any indicators of
investasi pada entitas asosiasi, dan bila terdapat           impairment of the investments in associates, and
indikator penurunan nilai tersebut maka Grup                 if there are any indicators present, the Group shall
harus melakukan uji penurunan nilai dengan                   perform an impairment test by comparing the
membandingkan jumlah terpulihkan investasi                   recoverable amount of the investment in the
pada entitas asosiasi tersebut, antara yang lebih            associates, as the higher between the value in use
tinggi nilai pakai atau nilai wajar dikurangi biaya          or fair value less cost s of disposal, with the
pelepasan,       dengan       nilai    tercatatnya.          carrying      amount.     Disclosures     regarding
Pengungkapan atas investasi pada entitas                     investments in associates are made in Notes 2 and
asosiasi dilakukan pada Catatan 2 dan 9 atas                 9 to the accompanying consolidated financial
laporan keuangan konsolidasian terlampir.                    statements.

Uji penurunan nilai ini adalah hal audit utama bagi          This impairment test is a key audit matter to us
kami karena nilai tercatat investasi pada entitas            because the carrying amount of investments in
asosiasi yang signifikan seperti disebutkan di atas          associates is significant as mentioned above and
dan     dalam    melaksanakannya        manajemen            in carrying out this impairment test, the
menerapkan       pertimbangan       dan     estimasi         management applied significant judgment s and
signifikan untuk estimasi proyeksi arus kas masa             estimates estimating future cash flow projection
depan yang menggunakan asumsi operasional                    using key operational assumptions, such as
utama seperti tingkat pertumbuhan pendapatan,                revenue growth rate, forecast revenues and
proyeksi pendapatan dan biaya operasional, serta             operating costs, and setting key macroeconomic
penentuan asumsi makroekonomi utama seperti                  assumptions, such as long-term growth rate after
tingkat pertumbuhan jangka panjang setelah                   the forecast period and discount rate.
periode cakupan proyeksi dan tingkat diskonto.




                                                       iii

 A member firm of Ernst & Young Global Limited
Page 224
                                                            The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                 Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-              Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                              2/ 1/ III/ 2026 (continued)


Hal audit ut ama (lanjut an)                            Key audit mat t ers (cont inued)

Uji penurunan nilai atas investasi pada entitas         Impairment test of investments in associates
asosiasi (lanjutan)                                     (continued)

Respon audit:                                           Audit response:

Kami memperoleh pemahaman atas rancangan                We obtained an understanding of the design of the
pengendalian utama atas proses uji penurunan            key controls over the process of impairment test
nilai atas investasi pada entitas asosiasi. Kami        of investment in associat es. We evaluated the
mengevaluasi kelayakan asumsi utama yang                reasonableness of the key assumptions used in
digunakan dalam estimasi jumlah terpulihkan,            estimating the recoverable amounts, such as the
yaitu asumsi operasional utama tersebut di atas         above-mentioned key operational assumptions by
dengan membandingkan ke sumber data yang                comparing them to publicly available data sources
dapat diakses publik, dan data dan catatan              and the Group financial data and records, and the
keuangan Grup, dan asumsi makroekonomi utama            above-mentioned          key      macroeconomic
tersebut di atas, termasuk metodologi dan model         assumptions, including the methodologies and
keuangan yang digunakan, dengan dibantu oleh            financial models used, with assistance from our
pakar auditor kami dengan membandingkannya ke           auditor’s expert by comparing them with data
sumber data yang dapat diakses publik serta             sources accessible to public as well as evaluated
menguji akurasi matematis model keuangan yang           mathematical accuracy of the financial model
digunakan oleh manajemen dalam estimasi                 used by the management and the application of
tersebut serta aplikasi asumsi utama tersebut ke        these key assumptions into the financial model.
dalamnya. Kami juga menilai kecukupan                   We also assess the adequacy of the related
pengungkapan terkait dalam catatan atas laporan         disclosures in the accompanying notes to the
keuangan konsolidasian terlampir.                       consolidated financial statements.

Informasi lain                                          Ot her informat ion

Manajemen bertanggung jawab atas informasi              Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang        information. Other information comprises the
tercantum dalam Laporan Tahunan 2025                    information included in the 2025 Annual Report
PT Indoritel Makmur Internasional Tbk (“ Laporan        PT Indoritel Makmur Internasional Tbk (the
Tahunan” ) selain laporan keuangan konsolidasian        “ Annual Report” ) other than the accompanying
terlampir dan laporan auditor kami. Laporan             consolidated financial statements and our
Tahunan diharapkan akan tersedia bagi kami              auditor’s report thereon. The Annual Report is
setelah tanggal laporan auditor independen ini.         expected to be made available to us after the date
                                                        of this independent auditor’s report.

Opini kami atas laporan keuangan konsolidasian          Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan           financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk           Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan                   form of assurance on the Annual Report.
tersebut.


                                                   iv

 A member firm of Ernst & Young Global Limited
Page 225
                                                               The original report included herein is in the Indonesian language.



Laporan Audit or Independen (lanjut an)                    Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-                 Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                                 2/ 1/ III/ 2026 (continued)

Informasi lain (lanjut an)                                 Ot her informat ion (cont inued)
Sehubungan dengan audit kami atas laporan                  In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung                 consolidated        financial    statements,    our
jawab kami adalah untuk membaca Laporan                    responsibilit y is to read the Annual Report when it
Tahunan     ketika     tersedia     dan,  dalam            becomes available and, in doing so, consider
melaksanakannya, mempertimbangkan apakah                   whether the Annual Report is materially
Laporan           Tahunan            mengandung            inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan               financial statements or our knowledge obtained in
keuangan      konsolidasian     terlampir  atau            the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, atau             misstated.
mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami             When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan                that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan            are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada                 charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola              actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan              regulations.
peraturan perundang-undangan yang berlaku.
Tanggung jawab manajemen dan pihak yang                    Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap           charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian                             financial st at ement s
Manajemen bertanggung jawab atas penyusunan                Management is responsible for the preparation
dan    penyajian   wajar   laporan   keuangan              and fair present ation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar               statements in accordance with Indonesian
Akuntansi Keuangan di Indonesia, dan atas                  Financial Accounting St andards, and for such
pengendalian internal yang dianggap perlu oleh             internal control as management determines is
manajemen untuk memungkinkan penyusunan                    necessary to enable the preparation of
laporan keuangan konsolidasian yang bebas dari             consolidated financial statements that are free
kesalahan penyajian material, baik yang                    from material misstatement, whether due to fraud
disebabkan oleh kecurangan maupun kesalahan.               or error.
Dalam      penyusunan       laporan      keuangan          In    preparing    the    consolidated    financial
konsolidasian, manajemen bertanggung jawab                 statements, management is responsible for
untuk    menilai    kemampuan       Grup      dalam        assessing the Group’s ability to continue as a
mempertahankan        kelangsungan      usahanya,          going concern, disclosing, as applicable, matters
mengungkapkan, sesuai dengan kondisinya, hal-              related to going concern, and using the going
hal yang berkaitan dengan kelangsungan usaha,              concern basis of accounting, unless management
dan menggunakan basis akuntansi kelangsungan               either intends to liquidate the Group or to cease
usaha, kecuali manajemen memiliki intensi untuk            its operations, or has no realistic alternative but
melikuidasi Grup atau menghentikan operasinya,             to do so.
atau tidak memiliki alternatif yang realistis selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola              Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses                   for overseeing the Group’s financial reporting
pelaporan keuangan Grup.                                   process.


                                                       v

 A member firm of Ernst & Young Global Limited
Page 226
                                                                 The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                      Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-                   Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                                   2/ 1/ III/ 2026 (continued)


Tanggung jawab audit or t erhadap audit at as                Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian                               consolidat ed financial st at ement s

Tujuan kami adalah untuk memperoleh keyakinan                Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan                      about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari                  statements taken as a whole are free from
kesalahan penyajian material, baik yang                      material misst atement, whether due to fraud or
disebabkan oleh kecurangan maupun kesalahan,                 error, and to issue an independent auditor’s report
dan untuk menerbitkan laporan auditor                        that includes our opinion. Reasonable assurance is
independen yang mencakup opini kami. Keyakinan               a high level of assurance, but is not a guarantee
memadai merupakan suatu tingkat keyakinan                    that an audit conducted in accordance with
tinggi, namun bukan merupakan suatu jaminan                  Standards on Auditing established by the IICPA
bahwa audit yang dilaksanakan berdasarkan                    will always detect a material misstatement when it
Standar Audit yang ditet apkan oleh IAPI akan                exists. Misst atements can arise from fraud or
selalu mendeteksi kesalahan penyajian material               error and are considered material if, individually
ketika hal tersebut ada. Kesalahan penyajian                 or in the aggregate, they could reasonably be
dapat disebabkan oleh kecurangan maupun                      expected to influence the economic decisions of
kesalahan dan dianggap material jika, baik secara            users taken on the basis of these consolidated
individual maupun agregat, dapat diekspektasikan             financial statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.

Sebagai bagian dari suatu audit berdasarkan                  As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami                on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                      professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                skepticism throughout the audit. We also:
audit. Kami juga:

       Mengidentifikasi dan menilai risiko kesalahan           Ident ify and assess the risks of material
        penyajian material dalam laporan keuangan                misstatement of the consolidated financial
        konsolidasian, baik yang disebabkan oleh                 statements, whether due to fraud or error,
        kecurangan maupun kesalahan, mendesain                   design and perform audit procedures
        dan melaksanakan prosedur audit yang                     responsive to such risks, and obtain audit
        responsif terhadap risiko tersebut, serta                evidence that is sufficient and appropriate to
        memperoleh bukti audit yang cukup dan tepat              provide a basis for our opinion. The risk of not
        untuk menyediakan basis bagi opini kami.                 detecting a material misstatement resulting
        Risiko tidak terdeteksinya suatu kesalahan               from fraud is higher than for one resulting
        penyajian material yang disebabkan oleh                  from error, as fraud may involve collusion,
        kecurangan lebih tinggi dari yang disebabkan             forgery,         intentional        omissions,
        oleh kesalahan, karena kecurangan dapat                  misrepresentations, or override of internal
        melibatkan kolusi, pemalsuan, penghilangan               control.
        secara sengaja, pernyataan salah, atau
        pengabaian atas pengendalian internal.




                                                        vi

    A member firm of Ernst & Young Global Limited
Page 227
                                                                  The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                       Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-                    Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                                    2/ 1/ III/ 2026 (continued)


Tanggung jawab audit or t erhadap audit at as                 Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an)                    consolidat ed financial st at ement s (cont inued)

Sebagai bagian dari suatu audit berdasarkan                   As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami                 on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                       professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                 skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                                  (continued)

       Memeroleh suatu pemahaman tentang                        Obtain an understanding of internal control
        pengendalian internal yang relevan dengan                 relevant to the audit in order to design audit
        audit untuk mendesain prosedur audit yang                 procedures that are appropriate in the
        tepat sesuai dengan kondisinya, tetapi bukan              circumstances, but not for the purpose of
        untuk tujuan menyatakan opini atas                        expressing an opinion on the effectiveness of
        keefektivitasan pengendalian internal Grup.               the Group’s internal control.

       Mengevaluasi ketepatan kebijakan akuntansi               Evaluate the appropriateness of accounting
        yang digunakan serta kewajaran estimasi                   policies used and the reasonableness of
        akuntansi dan pengungkapan terkait yang                   accounting estimates and related disclosures
        dibuat oleh manajemen.                                    made by management.

       Menyimpulkan ketepatan penggunaan basis                  Conclude on the appropriateness of
        akuntansi     kelangsungan      usaha   oleh              management's use of the going concern basis
        manajemen dan, berdasarkan bukti audit yang               of accounting and, based on the audit
        diperoleh,     apakah      terdapat    suatu              evidence obtained, whether a material
        ketidakpastian material yang terkait dengan               uncertainty exists related to events or
        peristiwa    atau    kondisi    yang   dapat              conditions that may cast significant doubt on
        menyebabkan keraguan signifikan atas                      the Group's ability to continue as a going
        kemampuan Grup untuk mempertahankan                       concern. If we conclude that a material
        kelangsungan      usahanya.     Ketika  kami              uncertainty exists, we are required to draw
        menyimpulkan       bahwa     terdapat  suat u             attention in our independent auditor’s report
        ketidakpastian material, kami diharuskan                  to the related disclosures in the consolidated
        untuk menarik perhatian dalam laporan                     financial statements or, if such disclosures
        auditor independen kami ke pengungkapan                   are inadequate, to modify our opinion. Our
        terkait dalam laporan keuangan konsolidasian              conclusion is based on the audit evidence
        atau, jika pengungkapan tersebut tidak                    obtained up to the date of our independent
        memadai,      memodifikasi      opini  kami.              auditor’s report. However, future events or
        Kesimpulan kami didasarkan pada bukti audit               conditions may cause the Group to cease to
        yang diperoleh hingga tanggal laporan auditor             continue as a going concern.
        independen kami. Namun, peristiwa atau
        kondisi masa depan dapat menyebabkan Grup
        tidak dapat mempertahankan kelangsungan
        usaha.




                                                        vii

    A member firm of Ernst & Young Global Limited
Page 228
                                                                  The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                       Independent Audit or’s Report (cont inued)

Laporan No. 00346/ 2.1505/ AU.1/ 10/ 0685-                    Report       No.    00346/ 2.1505/ AU.1/ 10/ 0685-
2/ 1/ III/ 2026 (lanjutan)                                    2/ 1/ III/ 2026 (continued)


Tanggung jawab audit or t erhadap audit at as                 Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an)                    consolidat ed financial st at ement s (cont inued)

Sebagai bagian dari suatu audit berdasarkan                   As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami                 on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                       professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                 skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                                  (continued)

       Mengevaluasi penyajian, struktur, dan isi                Evaluate the overall presentation, structure,
        laporan keuangan konsolidasian secara                     and content of the consolidated financial
        keseluruhan, termasuk pengungkapannya,                    statements, including the disclosures, and
        dan apakah laporan keuangan konsolidasian                 whether      the    consolidated     financial
        mencerminkan transaksi dan peristiwa yang                 statements     represent     the  underlying
        mendasarinya dengan suatu cara yang                       transactions and events in a manner that
        mencapai penyajian wajar.                                 achieves fair present ation.

       Memperoleh bukti audit yang cukup dan tepat              Obtain sufficient appropriate audit evidence
        terkait informasi keuangan entitas atau                   regarding the financial information of the
        aktivitas bisnis dalam Grup untuk menyatakan              entities or business activities within the Group
        opini atas laporan keuangan konsolidasian.                to express an audit opinion on the
        Kami bertanggung jawab atas arahan,                       consolidated financial statements. We are
        supervisi, dan pelaksanaan audit Grup. Kami               responsible for the direction, supervision, and
        tetap bertanggung jawab sepenuhnya atas                   performance of the group audit. We remain
        opini audit kami.                                         solely responsible for our audit opinion.

Kami mengomunikasikan kepada pihak yang                       We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,                  governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                      planned scope and timing of the audit and
direncanakan atas audit serta temuan audit                    significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan             deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi              during our audit.
oleh kami selama audit.

Kami juga memberikan suatu pernyataan kepada                  We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola                 with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang                relevant    ethical  requirements    regarding
relevan       mengenai      independensi,     dan             independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh                relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara             reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami,                 independence, and where applicable, related
dan, jika relevan, pengamanan terkait.                        safeguards.




                                                       viii

    A member firm of Ernst & Young Global Limited
Page 229
A member firm of Ernst & Young Global Limited
Page 230
                                                                                            The original consolidated financial statements included herein are in
                                                                                                                                       the Indonesian language.




          PT INDORITEL MAKMUR INTERNASIONAL Tbk                                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                    DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
                 LAPORAN POSISI KEUANGAN                                                                CONSOLIDATED
                        KONSOLIDASIAN                                                         STATEMENT OF FINANCIAL POSITION
                   Tanggal 31 Desember 2025                                                         As of December 31, 2025
                (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
                    Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


                                                31 Desember 2025/            Catatan/      31 Desember 2024/
                                                December 31, 2025             Notes        December 31, 2024

      ASET                                                                                                                                         ASSETS

      ASET LANCAR                                                                                                                    CURRENT ASSETS

      Kas dan setara kas                                     744.590            4                     1.067.505             Cash and cash equivalents
      Aset keuangan lancar lainnya                            51.264            5                        20.088          Other current financial assets
      Investasi jangka pendek                                894.098            6                     1.294.476                Short-term investments
      Piutang usaha                                          751.312            7                       543.758                     Trade receivables
      Piutang lain-lain                                        6.937                                     10.073                     Other receivables
      Uang muka                                                  667                                        614                              Advances
      Biaya dibayar di muka - bagian lancar                   47.217            8                        33.172      Prepaid expenses - current portion
      Pajak pertambahan nilai
         dibayar di muka                                       26.845                                        61                  Prepaid value added tax
      Aset lancar lainnya                                      23.846                                    29.367                      Other current asset

      TOTAL ASET LANCAR                                    2.546.776                                  2.999.114             TOTAL CURRENT ASSETS


      ASET TIDAK LANCAR                                                                                                      NON-CURRENT ASSETS
      Pinjaman karyawan                                           442                                        636                     Loan to employees
      Biaya dibayar di muka - setelah                                                                                               Prepaid expenses -
         dikurangi bagian lancar                               21.417           8                          9.780               net of current portion
      Investasi pada entitas asosiasi                                                                                         Investment in associates
         dan ventura bersama                              13.498.327            9                    12.421.035                    and joint venture
      Investasi pada instrumen utang                         500.000           10                             -         Investment on debt instruments
      Investasi jangka panjang                             2.850.000           11                     2.400.000                  Long-term investment
      Uang muka                                                                                                                            Advances for
         pembelian aset tetap                                343.654           12                       219.340            purchase of fixed assets
      Uang muka                                                                                                                            Advances for
         pembelian aset takberwujud                            6.053           13                        46.258         purchase of intangible asset
      Aset tetap                                           3.744.626           12                     3.100.422                            Fixed assets
      Aset hak-guna                                          107.664           14                        98.900                     Right-of-use assets
      Aset takberwujud                                        11.928           13                        12.280                        Intangible assets
      Aset pajak tangguhan                                    19.970           29                        13.172                     Deferred tax assets
      Taksiran tagihan pajak                                  46.425           29                        35.373          Estimated claims for tax refund
      Aset tidak lancar lainnya                                3.048                                      3.486               Other non-current assets

      TOTAL ASET TIDAK LANCAR                             21.153.554                                 18.360.682      TOTAL NON-CURRENT ASSETS
      TOTAL ASET                                          23.700.330                                 21.359.796                          TOTAL ASSETS




         Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
         bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                                 secara keseluruhan.

                                                                                1

228    PT Indoritel Makmur Internasional Tbk                                                                    Laporan Tahunan 2025 Annual Report
Page 231
                                                                                      The original consolidated financial statements included herein are in
                                                                                                                                 the Indonesian language.

    PT INDORITEL MAKMUR INTERNASIONAL Tbk                                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
              DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
           LAPORAN POSISI KEUANGAN                                                               CONSOLIDATED
            KONSOLIDASIAN (lanjutan)                                              STATEMENT OF FINANCIAL POSITION (continued)
             Tanggal 31 Desember 2025                                                        As of December 31, 2025
          (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


                                          31 Desember 2025/            Catatan/      31 Desember 2024/
                                          December 31, 2025             Notes        December 31, 2024

LIABILITAS DAN EKUITAS                                                                                                  LIABILITIES AND EQUITY

LIABILITAS                                                                                                                              LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                                CURRENT LIABILITIES
Utang usaha - pihak ketiga                             820.497           15                       522.724           Trade Payables - third parties
Utang lain-lain - pihak ketiga                          66.209                                     52.557           Other payables - third parties
Liabilitas kontrak                                      59.238           23                        40.649                       Contract liabilities
Beban akrual                                            85.684           16                        50.164                       Accrued expense
Utang pajak                                              9.022           17                        16.114                          Taxes payable
Liabilitas imbalan kerja                                                                                                               Short-term
   jangka pendek                                            611          18                            611        employee benefits liabilities
Uang muka pelanggan                                          20                                      3.450             Advances from customers
Utang jangka panjang yang                                                                                                    Current maturities of
   jatuh tempo dalam satu tahun:                                                                                             long-term debts:
   Utang bank                                          803.775           19                       754.442                         Bank loans
   Utang pembiayaan konsumen                               898                                      1.233        Consumer financing payables
   Liabilitas sewa                                       7.517           14                         8.909                     Lease liabilities

TOTAL LIABILITAS
  JANGKA PENDEK                                      1.853.471                                  1.450.853         TOTAL CURRENT LIABILITIES


LIABILITAS JANGKA PANJANG                                                                                           NON-CURRENT LIABILITIES
Liabilitas jangka panjang - setelah
   dikurangi bagian yang jatuh                                                                                          Long-term debts - net of
   tempo dalam satu tahun:                                                                                                 current maturities:
   Utang bank                                        6.242.604           19                     5.562.217                         Bank loans
   Utang pembiayaan konsumen                                52                                        951        Consumer financing payables
   Liabilitas sewa                                      29.941           14                        36.011                     Lease liabilities
Liabilitas imbalan kerja                                                                                            Long-term employee benefits
   jangka panjang                                        85.318          18                        73.828                           liabilities

TOTAL LIABILITAS                                                                                                          TOTAL NON-CURRENT
  JANGKA PANJANG                                     6.357.915                                  5.673.007                       LIABILITIES

TOTAL LIABILITAS                                     8.211.386                                  7.123.860                      TOTAL LIABILITIES




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                          2

   Laporan Tahunan 2025 Annual Report                                                                        PT Indoritel Makmur Internasional Tbk            229
Page 232
                                                                                            The original consolidated financial statements included herein are in
                                                                                                                                       the Indonesian language.

          PT INDORITEL MAKMUR INTERNASIONAL Tbk                                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
                    DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
                 LAPORAN POSISI KEUANGAN                                                               CONSOLIDATED
                  KONSOLIDASIAN (lanjutan)                                              STATEMENT OF FINANCIAL POSITION (continued)
                   Tanggal 31 Desember 2025                                                        As of December 31, 2025
                (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
                    Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


                                                31 Desember 2025/            Catatan/      31 Desember 2024/
                                                December 31, 2025             Notes        December 31, 2024

      EKUITAS                                                                                                                                       EQUITY

      EKUITAS YANG                                                                                                     EQUITY ATTRIBUTABLE TO
        DAPAT DIATRIBUSIKAN KEPADA                                                                                   OWNERS OF THE PARENT
        PEMILIK ENTITAS INDUK                                                                                                              ENTITY
      Modal saham - nilai nominal                                                                                Share capital - Rp250 (full amount)
        Rp250 (nilai penuh) per saham                                                                                         par value per share
        Modal dasar -                                                                                                                 Authorized -
           40.000.000.000 saham                                                                                       40,000,000,000 shares
        Modal ditempatkan dan disetor                                                                                      Issued and fully paid -
           penuh - 14.184.000.000 saham                    3.546.000           20                     3.546.000     14,184,000,000 shares
      Tambahan modal disetor                               3.481.850           21                     3.481.850              Additional paid-in capital
      Selisih dari transaksi dengan                                                                              Difference arising from transactions
        kepentingan nonpengendali                            129.953                                    129.953     with non-controlling interests
      Komponen lainnya dari ekuitas                          (18.066)                                   (18.066)          Other component of equity
      Saldo laba                                                                                                                   Retained earnings
        Telah ditentukan penggunaannya                        19.000                                     18.000                      Appropriated
        Belum ditentukan penggunaannya                     7.897.253                                  6.713.593                   Unappropriated
      Penghasilan komprehensif lain                          144.759                                     94.901         Other comprehensive income

      Sub-total                                           15.200.749                                 13.966.231                                 Sub-total
      Kepentingan nonpengendali                              288.195           20                       269.705                  Non-controlling interests

      TOTAL EKUITAS                                       15.488.944                                 14.235.936                           TOTAL EQUITY
      TOTAL LIABILITAS DAN EKUITAS                        23.700.330                                 21.359.796     TOTAL LIABILITIES AND EQUITY




         Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
         bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                                 secara keseluruhan.

                                                                                3

230    PT Indoritel Makmur Internasional Tbk                                                                    Laporan Tahunan 2025 Annual Report
Page 233
                                                                                      The original consolidated financial statements included herein are in
                                                                                                                                 the Indonesian language.

    PT INDORITEL MAKMUR INTERNASIONAL Tbk                                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
              DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
            LAPORAN LABA RUGI DAN                                                                CONSOLIDATED
        PENGHASILAN KOMPREHENSIF LAIN                                                  STATEMENT OF PROFIT OR LOSS AND
                  KONSOLIDASIAN                                                          OTHER COMPREHENSIVE INCOME
      Untuk Tahun yang Berakhir pada Tanggal                                                    For the Year Ended
                  31 Desember 2025                                                              December 31, 2025
          (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
              Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


                                             Tahun yang Berakhir pada Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                                       Catatan/
                                                  2025                  Notes                2024


PENDAPATAN DARI KONTRAK                                                                                             REVENUE FROM CONTRACTS
  DENGAN PELANGGAN                                   1.697.182           23                     1.427.731                 WITH CUSTOMERS

Bagian laba dari entitas asosiasi                                                                                         Share of profit of associates
  dan ventura bersama                                1.113.634             9                      914.150                         and joint venture
Beban penjualan                                     (1.192.271)           24                     (988.411)                           Selling expenses
                                                                                                                           General and administrative
Beban umum dan administrasi                           (210.503)           25                     (185.123)                                 expenses
Beban lainnya - neto                                    (2.764)           26                       (2.061)                       Other expense - net

LABA USAHA                                           1.405.278                                  1.166.286             PROFIT FROM OPERATIONS


Penghasilan keuangan                                   467.910           27                       532.166                               Finance income
Biaya keuangan                                         (562.849)         28                      (553.089)                                Finance costs

LABA SEBELUM                                                                                                                         PROFIT BEFORE
  PAJAK PENGHASILAN                                  1.310.339                                  1.145.363                             INCOME TAX

Beban pajak penghasilan - neto                          (36.531)         29                        (53.753)                  Income tax expense - net
LABA TAHUN BERJALAN                                  1.273.808                                  1.091.610                   PROFIT FOR THE YEAR

PENGHASILAN                                                                                                              OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                                                                                                        INCOME
Pos yang akan                                                                                                          Item that will be reclassified
  direklasifikasikan ke laba rugi:                                                                                subsequently to profit or loss:
  Bagian penghasilan komprehensif                                                                                    Share of other comprehensive
     lain entitas asosiasi                               49.072           9                         76.032                 income of associates
Pos yang tidak akan                                                                                                Item that will not be reclassified
  direklasifikasikan ke laba rugi:                                                                                                to profit or loss:
  Keuntungan/(kerugian) pengukuran
     kembali atas liabilitas                                                                                         Remeasurement gain/(loss) of
     imbalan kerja                                        1.344           18                        (6.746)           employee benefits liability
  Pajak penghasilan terkait                                (296)          29                         1.484                   Related income tax

TOTAL PENGHASILAN                                                                                                         TOTAL COMPREHENSIVE
  KOMPREHENSIF                                                                                                                        INCOME
  TAHUN BERJALAN                                     1.323.928                                  1.162.380                       FOR THE YEAR




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                          4

   Laporan Tahunan 2025 Annual Report                                                                        PT Indoritel Makmur Internasional Tbk            231
Page 234
                                                                                            The original consolidated financial statements included herein are in
                                                                                                                                       the Indonesian language.

          PT INDORITEL MAKMUR INTERNASIONAL Tbk                                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                    DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
                  LAPORAN LABA RUGI DAN                                                                CONSOLIDATED
              PENGHASILAN KOMPREHENSIF LAIN                                                  STATEMENT OF PROFIT OR LOSS AND
                  KONSOLIDASIAN (lanjutan)                                                OTHER COMPREHENSIVE INCOME (continued)
            Untuk Tahun yang Berakhir pada Tanggal                                                    For the Year Ended
                        31 Desember 2025                                                              December 31, 2025
                (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
                    Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


                                                   Tahun yang Berakhir pada Tanggal 31 Desember/
                                                             Year Ended December 31,

                                                                             Catatan/
                                                        2025                  Notes                2024

      Laba tahun berjalan yang dapat
        diatribusikan kepada:                                                                                              Profit for the year attributable to:
        Pemilik entitas induk                              1.255.580            30                    1.072.071              Owners of the parent entity
        Kepentingan nonpengendali                             18.228                                     19.539                  Non-controlling interests

      TOTAL                                                1.273.808                                  1.091.610                                         TOTAL


      Total penghasilan komprehensif                                                                                          Total comprehensive income
        tahun berjalan yang                                                                                                                   for the year
        dapat diatribusikan kepada:                                                                                                       attributable to:
        Pemilik entitas induk                              1.305.438                                  1.144.514               Owners of the parent entity
        Kepentingan nonpengendali                             18.490                                     17.866                 Non-controlling interests

      TOTAL                                                1.323.928                                  1.162.380                                         TOTAL


      LABA PER                                                                                                                       BASIC EARNINGS
        SAHAM DASAR (nilai penuh)                               88,52          30                          75,58              PER SHARE (full amount)




         Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
         bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                                 secara keseluruhan.

                                                                                5

232    PT Indoritel Makmur Internasional Tbk                                                                    Laporan Tahunan 2025 Annual Report
Page 235
                                                                                                                                                                                       The original consolidated financial statements included herein are in the Indonesian language.

                                                                   PT INDORITEL MAKMUR INTERNASIONAL Tbk                                                                                                PT INDORITEL MAKMUR INTERNASIONAL Tbk
                                                                              DAN ENTITAS ANAKNYA                                                                                                                  AND ITS SUBSIDIARIES
                                                                 LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                            CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                                                      Untuk Tahun yang Berakhir pada Tanggal                                                                                                          For the Year Ended
                                                                                 31 Desember 2025                                                                                                                     December 31, 2025
                                                              (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)                                                                            (Expressed in Millions of Rupiah, Unless Otherwise Stated)



                                                                                                                     Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/
                                                                                                                            Equity Attributable to Owners of the Parent Entity

                                                                                                                                      Selisih dari
                                                                                                                                       Transaksi
                                                                                                                                        dengan




Laporan Tahunan 2025 Annual Report
                                                                                                                                     Kepentingan
                                                                             Modal Saham                           Nonpengendali/      Komponen
                                                                             Ditempatkan dan Tambahan Modal          Difference       Lainnya dari         Saldo Laba/Retained Earnings             Penghasilan
                                                                             Disetor Penuh/   Disetor - Neto/       Arising from        Ekuitas/                                                   Komprehensif                           Kepentingan
                                                                             Issued and Fully   Additional        Transaction with       Other           Telah Ditentukan      Belum Ditentukan      Lain/Other                          Nonpengendali/
                                                                    Catatan/     Paid         Paid-in Capital -   Non-controlling    Component of        Penggunaannya/        Penggunaannya/     Comprehensive       Sub-total/         Non-controlling    Total Ekuitas/
                                                                     Notes   Share Capital          Net               Interests          Equity           Appropriated         Unappropriated         Income          Sub-total            Interests         Total Equity

                                        Saldo 31 Desember 2023                    3.546.000         3.481.850             129.953            (18.066)             17.000             5.642.522            22.458          12.821.717             251.839        13.073.556 Balance at December 31, 2023

                                        Pembentukan                                                                                                                                                                                                                                           Appropriation for
                                          cadangan umum               22                   -                 -                  -                    -             1.000                (1.000)                 -                    -                 -                     -               general reserve

                                        Laba tahun berjalan                                -                 -                  -                    -                 -             1.072.071                  -          1.072.071              19.539         1.091.610                   Profit for the year

                                        Rugi pengukuran kembali                                                                                                                                                                                                                       Remeasurement loss of
                                          atas liabilitas imbalan                                                                                                                                                                                                                employee benefits liability -
                                          kerja - setelah pajak                            -                 -                  -                    -                 -                     -             (3.589)            (3.589)             (1.673)            (5.262)                      net of tax

                                        Bagian penghasilan                                                                                                                                                                                                                                 Share of the other
                                          komprehensif lain                                                                                                                                                                                                                       comprehensive income of
                                          entitas asosiasi - neto      9                   -                 -                  -                    -                 -                     -            76.032              76.032                   -            76.032               associates – net

                                        Saldo 31 Desember 2024                    3.546.000         3.481.850             129.953            (18.066)             18.000             6.713.593            94.901          13.966.231             269.705        14.235.936 Balance at December 31, 2024

                                        Pembentukan                                                                                                                                                                                                                                           Appropriation for
                                          cadangan umum               22                   -                 -                  -                    -             1.000                (1.000)                 -                    -                 -                     -               general reserve

                                        Laba tahun berjalan                                -                 -                  -                    -                     -         1.255.580                  -          1.255.580              18.228         1.273.808                   Profit for the year

                                        Dividen kas                   22                   -                 -                  -                    -                     -           (70.920)                 -            (70.920)                  -           (70.920)                    Cash Dividend

                                        Keuntungan pengukuran
                                          kembali atas liabilitas                                                                                                                                                                                                                     Remeasurement gain of
                                          imbalan kerja – setelah                                                                                                                                                                                                                 employee benefits liability
                                          pajak                                            -                 -                  -                    -                     -                 -               786                   786              262              1.048                       net of tax

                                        Bagian penghasilan                                                                                                                                                                                                                                 Share of the other
                                          komprehensif lain                                                                                                                                                                                                                       comprehensive income of
                                          entitas asosiasi - neto      9                   -                 -                  -                    -                     -                 -            49.072              49.072                   -            49.072               associates – net

                                        Saldo 31 Desember 2025                    3.546.000         3.481.850             129.953           (18.066)              19.000             7.897.253           144.759          15.200.749             288.195        15.488.944 Balance at December 31, 2025




                                            Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan                               The accompanying notes to the consolidated financial statement form an integral part of these consolidated
                                                                          keuangan konsolidasian secara keseluruhan.                                                                                                          financial statements.




PT Indoritel Makmur Internasional Tbk
                                                                                                                                                                           6




233
Page 236
                                                                                           The original consolidated financial statements included herein are in
                                                                                                                                      the Indonesian language.

          PT INDORITEL MAKMUR INTERNASIONAL Tbk                                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                    DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
                     LAPORAN ARUS KAS                                                                  CONSOLIDATED
                        KONSOLIDASIAN                                                            STATEMENT OF CASH FLOWS
            Untuk Tahun yang Berakhir pada Tanggal                                                    For the Year Ended
                        31 Desember 2025                                                              December 31, 2025
                (Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Millions of Rupiah,
                    Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)


                                                   Tahun yang Berakhir pada Tanggal 31 Desember/
                                                             Year Ended December 31,

                                                                             Catatan/
                                                        2025                  Notes                2024

      ARUS KAS DARI AKTIVITAS                                                                                         CASH FLOWS FROM OPERATING
        OPERASI                                                                                                                         ACTIVITIES
      Penerimaan dari pelanggan                            1.505.287                                  1.387.349               Receipts from customers
      Pembayaran untuk kegiatan usaha                       (413.990)                                  (363.655)        Payments for operating activities
      Pembayaran kepada karyawan                            (254.705)                                  (232.634)               Payments to employees

      Kas yang diperoleh dari operasi                        836.592                                    791.060            Cash generated from operations

      Penerimaan dari (pembayaran untuk):                                                                               Cash receipts from (payments for):
        Penghasilan bunga                                      53.616                                    42.819                          Interest income
        Beban bunga                                          (515.721)                                 (540.522)                      Interest expenses
        Pajak penghasilan                                     (61.182)                                  (93.765)                           Income taxes
        Pengembalian pajak                                          -           29                       18.983                               Tax refund
        Lain-lain                                               9.623                                     7.895                                    Others

      Kas Neto yang Dihasilkan dari                                                                                                  Net Cash Provided by
        Aktivitas Operasi                                    322.928                                    226.470                      Operating Activities


      ARUS KAS DARI AKTIVITAS                                                                                           CASH FLOWS FROM INVESTING
        INVESTASI                                                                                                                              ACTIVITIES
      Pencairan investasi                                                                                                                       Withdrawal of
        jangka pendek - neto                                 400.000                                    750.000               short-term investments - net
      Penghasilan dari                                                                                                                            Income from
        investasi jangka pendek                              132.470                                    210.637                    short-term investments
      Penerimaan dividen dari entitas                                                                                                 Dividend received from
        asosiasi                                             126.664            9                       139.787                                  associates
      Penempatan untuk                                                                                                                          Placement for
        investasi jangka panjang                            (450.000)           11                               -                  long-term investments
      Penghasilan dari                                                                                                                            Income from
        investasi jangka panjang                             285.104            11                      281.615                     long-term investments
      Pencairan (penempatan)                                                                                                      Withdrawal (placement) of
        uang jaminan                                             (394)                                    (1.461)                         security deposits
      Penerimaan dari penjualan aset tetap                        180           12                             -        Proceeds from sale of fixed assets
      Penambahan investasi pada entitas                                                                                 Additional investment in associated
        asosiasi dan ventura bersama                          (41.250)          9                                -              company and joint venture
      Perolehan aset tetap                                                                                                        Acquisition of fixed assets
        dan uang muka pembelian                                                                                            and advances for purchase of
        aset tetap                                          (822.631)                                  (552.331)                               fixed assets
      Pembayaran utang usaha terkait                                                                                     Payment of trade payables related
        perolehan aset tetap                                (328.277)                                  (374.965)         to the acquisition of fixed assets
      Perolehan aset takberwujud                                                                                             Acquisition of intangible assets
        dan uang muka pembelian                                                                                                and advances for purchase
        aset takberwujud                                             -                                   (57.510)                      of intangible assets
      Penempatan investasi pada                                                                                                  Placement on investment in
        instrumen utang                                     (500.000)          10                                -                           debt securities
      Penempatan dana yang                                                                                                                       Placement of
        dibatasi penggunaannya                                (31.176)          5                           (312)                            restricted fund
      Penambahan aset hak guna                                (43.091)                                   (26.974)           Acquisition of right-of-use-asset


      Kas Neto yang (Digunakan untuk)                                                                                                    Net Cash (Used in)
        Diperoleh dari                                                                                                                       Provided by
        Aktivitas Investasi                               (1.272.401)                                   368.486                       Investing Activities




         Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
         bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                                 secara keseluruhan.

                                                                                 7

234    PT Indoritel Makmur Internasional Tbk                                                                     Laporan Tahunan 2025 Annual Report
Page 237
                                                                                     The original consolidated financial statements included herein are in
                                                                                                                                the Indonesian language.

     PT INDORITEL MAKMUR INTERNASIONAL Tbk                                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
               DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
           LAPORAN ARUS KAS (lanjutan)                                                           CONSOLIDATED
                   KONSOLIDASIAN                                                     STATEMENT OF CASH FLOWS (continued)
       Untuk Tahun yang Berakhir pada Tanggal                                                   For the Year Ended
                   31 Desember 2025                                                             December 31, 2025
           (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
               Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

                                             Tahun yang Berakhir pada Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                                       Catatan/
                                                   2025                 Notes                2024

ARUS KAS DARI AKTIVITAS                                                                                          CASH FLOWS FROM FINANCING
  PENDANAAN                                                                                                                        ACTIVITIES
Penerimaan dari utang bank                            1.241.075          33                       982.683               Proceeds from bank loans
Pengembalian                                                                                                                             Return of
  uang muka setoran modal                                        -       1d                      (420.000)        advance for share subscription
Pembayaran utang bank                                     (532.313)     19,33                    (992.250)                 Payment of bank loans
Pembayaran liabilitas sewa                                 (10.050)     14,33                     (10.323)             Payment of lease liabilities
Pembayaran utang                                                                                                            Payment of consumer
  pembiayaan konsumen                                       (1.234)      33                         (1.271)                  financing payables
Pembayaran dividen kas                                     (70.920)      22                              -             Payment of cash dividends

Kas Neto yang Dihasilkan dari                                                                                                  Net Cash Provided by
  (Digunakan untuk)                                                                                                                      (Used in)
  Aktivitas Pendanaan                                     626.558                                (441.161)                     Financing Activities

KENAIKAN/(PENURUNAN) NETO                                                                                        NET INCREASE/(DECREASE) IN
  KAS DAN SETARA KAS                                      (322.915)                               153.795      CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                                                CASH AND CASH EQUIVALENTS
  AWAL TAHUN                                          1.067.505                                   913.710         AT BEGINNING OF THE YEAR

KAS DAN SETARA KAS                                                                                                CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                             744.590         4                     1.067.505               AT END OF THE YEAR




Informasi arus kas tambahan disajikan dalam Catatan 36.                                       Supplementary cash flow information is presented in Note 36.




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statement form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                           8

    Laporan Tahunan 2025 Annual Report                                                                      PT Indoritel Makmur Internasional Tbk            235
Page 238
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                        PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                          FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                 As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                             (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


      1.    UMUM                                                    1.   GENERAL

            a. Pendirian Perusahaan                                      a.    Establishment of the Company

                PT Indoritel Makmur Internasional Tbk                          PT Indoritel Makmur Internasional Tbk
                (“Perusahaan”) didirikan berdasarkan Akta                      (the “Company”) was established based on
                Notaris Siti Pertiwi Henny Singgih, S.H.,                      Notarial Deed of Siti Pertiwi Henny Singgih,
                No. 107     tanggal   16 November     1995.                    S.H., No. 107 dated November 16, 1995.
                Akta    pendirian    Perusahaan    tersebut                    The Deed of Establishment was approved
                telah disahkan oleh Menteri Kehakiman                          by the Minister of Justice of the Republic
                Republik Indonesia dalam Surat Keputusan                       of    Indonesia     in     Decision   Letter
                No.     C2-17.065.HT.01.01.Th.95    tanggal                    No.      C2-17.065.HT.01.01.Th.95     dated
                26 Desember 1995 dan telah diumumkan                           December 26, 1995 and published in
                dalam Berita Negara Republik Indonesia                         Supplement No. 3127 of the State Gazette of
                No. 25 Tambahan No. 3127 tanggal                               the Republic Indonesia No. 25 dated
                26 Maret 1996.                                                 March 26, 1996.

                Anggaran Dasar Perusahaan telah mengalami                      The Company’s Articles of Association has
                beberapa kali perubahan, perubahan terakhir                    been amended several times, most recently
                dengan Akta Notaris Deni Thanur, S.E., S.H.,                   by Notarial Deed of Deni Thanur, S.E., S.H.,
                M.Kn., No. 16 tanggal 27 Juni 2023 mengenai                    M.Kn., No. 16 dated June 27, 2023 concerning
                perubahan Anggaran Dasar Perusahaan untuk                      amendment of the Company’s Article of
                disesuaikan dengan Peraturan Otoritas                          Association to comply with the Regulation of
                Jasa Keuangan 14/POJK.04/2022 tentang                          Financial Services Authority (“Peraturan
                Penyampaian Laporan Keuangan Berkala                           Otoritas Jasa Keuangan” or “POJK”)
                Emiten/Perusahaan Publik dengan sedemikian                     14/POJK.04/2022 regarding the Plan and
                rupa. Perubahan tersebut telah diberitahukan                   Implementation of the General Meeting of
                kepada Menteri Hukum dan Hak Asasi Manusia                     Shareholders of a Public Company. The
                Republik Indonesia dengan Surat No. AHU-                       amendment was acknowledged by Ministry of
                AH.01.03-0085802 tanggal 3 Juli 2023.                          Law and Human Rights of the Republic of
                                                                               Indonesia in Letter No. AHU-AH.01.03-
                                                                               0085802 dated July 3, 2023.

                Berdasarkan Pasal 3 Anggaran Dasar                             According to Article 3 of the Company's
                Perusahaan, Perusahaan bergerak dalam                          Articles of Association, the Company is
                bidang   investasi,  perdagangan umum,                         engaged in activities of investment, general
                keagenan dan perwakilan.                                       trading, agency and representation.

                Perusahaan berdomisili di Gedung Wisma                         The Company is domiciled at Gedung Wisma
                Indocement, Jl. Jenderal Sudirman Kav. 70-71,                  Indocement,    Jl.    Jenderal   Sudirman
                Jakarta Selatan, dan mulai beroperasi secara                   Kav. 70-71, Jakarta Selatan, and started its
                komersial pada tahun 1996.                                     commercial operations in 1996.

                PT Megah Eraraharja (“ME”) yang didirikan di                   PT Megah Eraraharja (“ME”) which is
                Indonesia adalah pemegang saham pengendali                     incorporated in Indonesia is the controlling
                Perusahaan dan entitas anaknya (secara                         shareholder of the Company and its
                bersama-sama disebut “Grup”).                                  subsidiaries (collectively referred to as “the
                                                                               Group”).




                                                                9

236   PT Indoritel Makmur Internasional Tbk                                                   Laporan Tahunan 2025 Annual Report
Page 239
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


1.      UMUM (lanjutan)                                          1.   GENERAL (continued)

        b. Penawaran Umum Efek Perusahaan                             b. Company's Public Offering

            Pada tanggal 21 November 2000, Perusahaan                      On November 21, 2000, the Company
            memperoleh pernyataan efektif dari Ketua                       received the effective statement from the
            Badan Pengawas Pasar Modal dan Lembaga                         Chairman of the Capital Market and Financial
            Keuangan (“BAPEPAM-LK”) melalui Surat                          Institution Supervisory Agency (“BAPEPAM-
            No. S-3384/PM/2000        untuk   melakukan                    LK”) in its Letter No. S-3384/PM/2000, to offer
            penawaran       umum     perdana   sebanyak                    its 64,000,000 shares with par value of Rp250
            64.000.000 saham dengan nilai nominal Rp250                    (full amount) per share to public through the
            (Nilai penuh) per saham kepada masyarakat                      Indonesia Stock Exchange (formerly Jakarta
            melalui Bursa Efek Indonesia (dahulu Bursa                     Stock Exchange), at an initial offering price of
            Efek Jakarta), dengan harga penawaran Rp250                    Rp250 (full amount) per share.
            (Nilai penuh) per saham.

            Pada tanggal 24 Mei 2013, Perusahaan                           On May 24, 2013, the Company received
            memperoleh pernyataan efektif dari Kepala                      an      effective    statement        from      the
            Eksekutif Pengawas Pasar Modal Otoritas Jasa                   Executive Chairman of the Capital Market
            Keuangan (“OJK”) (dahulu BAPEPAM-LK)                           Financial      Services    Authority       ("OJK”)
            melalui Surat No. S-140/D.04/2013 untuk                        (formerly BAPEPAM-LK) in its Letter
            melakukan Penawaran Umum Terbatas                              No. S-140/D.04/2013 to offer Limited Public
            (“PUT”) I kepada para pemegang saham                           Offering (”PUT”) I of 14,000,000,000 shares
            sebanyak 14.000.000.000 saham dengan nilai                     with par value of Rp250 (full amount) per share
            nominal Rp250 (Nilai penuh) per saham dengan                   to its shareholders at an initial offering price of
            harga penawaran sebesar Rp500 (Nilai penuh)                    Rp500 (full amount) per share.
            per saham.

            Perusahaan melakukan PUT I dengan                              The Company conducted PUT I with Pre-
            menerbitkan Hak Memesan Efek Terlebih                          emptive Rights (“HMETD”) of 14,000,000,000
            Dahulu (“HMETD”) sebanyak 14.000.000.000                       ordinary shares with par value of Rp250 (full
            saham biasa dengan nilai nominal Rp250 (Nilai                  amount) to its shareholders. Each existing
            penuh) kepada pemegang saham. Setiap                           shareholder whose name is listed in the
            pemegang saham yang namanya tercatat                           Company’s Registry of Shareholders as of
            dalam Daftar Pemegang Saham Perusahaan                         June 5, 2013 and in possession of 23 shares,
            pada tanggal 5 Juni 2013 dan yang memiliki 23                  was entitled to 1,750 shares HMETD, in which
            saham berhak atas 1.750 saham HMETD,                           each 1 HMETD shall be entitled to purchase 1
            dimana setiap 1 HMETD berhak untuk membeli                     new share at an exercise price of Rp500 (full
            1 saham baru dengan harga pelaksanaan                          amount).
            sebesar Rp500 (Nilai penuh).

            Seluruh saham ditempatkan dan disetor penuh                    The Company has listed all its issued and fully
            Perusahaan telah dicatatkan di Bursa Efek                      paid shares on the Indonesia Stock Exchange.
            Indonesia.




                                                            10

     Laporan Tahunan 2025 Annual Report                                                    PT Indoritel Makmur Internasional Tbk         237
Page 240
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                             FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


      1.    UMUM (lanjutan)                                           1.    GENERAL (continued)

            c. Dewan Komisaris dan Direksi, Komite Audit                    c. Boards of Commissioners and Directors,
               dan Karyawan                                                    Audit Committee 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 Board of
                Perusahaan adalah sebagai berikut:                                 Commissioners and Directors, are as follows:

                Dewan Komisaris                                                                               Board of Commissioners
                Komisaris Utama                          Djisman Simandjuntak                                   President Commissioner
                Komisaris                                Ferry Noviar Yosaputra                                           Commissioner
                Komisaris                                      Soedarsono                                                 Commissioner
                Komisaris Independen                      Janimiranti Inggawati                              Independent Commissioner
                Komisaris Independen                       Adi Pranoto Leman                                 Independent Commissioner
                Komisaris Independen                      Dr. Timotius, AK., CA                              Independent Commissioner

                Direksi                                                                                               Board of Directors
                Direktur Utama                              Haliman Kustedjo                                           President Director
                Direktur                                    Christian Rahardi                                                    Director
                Direktur                                  Kiki Yanto Gunawan                                                     Director
                Direktur                                 Harjono Wreksoremboko                                                   Director

                Pada tanggal 31 Desember 2025 dan 2024,                            As of December 31, 2025 and 2024, the
                susunan Komite Audit Perusahaan adalah                             composition of the Company’s Audit
                sebagai berikut:                                                   Committee is as follows:

                Ketua                                      Dr. Timotius, AK., CA                                                Chairman
                Anggota                                        Denny Susilo                                                      Member
                Anggota                                     Lukman Suparman                                                      Member

                Pembentukan Komite Audit Perusahaan telah                          The establishment of the Company’s Audit
                dilakukan sesuai dengan Peraturan Otoritas                         Committee has complied with Financial
                Jasa Keuangan (“OJK”) No. IX.1.5.                                  Services Authority (“OJK”) Rule No. IX.1.5.

                Berdasarkan       Surat   Keputusan    Direksi                     Based on the Decision Letter of the Board of
                No. 464/DNET-DIR/IV/2015 tanggal 27 April                          Directors No. 464/DNET-DIR/IV/2015 dated
                2015,     Direksi    Perusahaan    menyetujui                      April 27, 2015, the Company’s Board of
                pengangkatan Yudhi Hermanto sebagai Ketua                          Directors agreed to appoint Yudhi Hermanto
                Internal Audit menggantikan Sendjaja Halim.                        as the Head of Internal Audit to replace
                                                                                   Sendjaja Halim.

                Pada tanggal 31 Desember 2025 dan 2024,                            As of December 31, 2025 and 2024, the Group
                Grup memiliki karyawan tetap masing-masing                         has a total of 293 and 233 permanent
                sejumlah 292 dan 233 orang (tidak diaudit).                        employees (unaudited), respectively.




                                                                 11

238   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 241
                                                                                                           The original consolidated financial statements included herein are in
                                                                                                                                                      the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                                                      PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                                                               As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                       For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                                                           (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                                 Unless Otherwise Stated)


1.      UMUM (lanjutan)                                                                                    1.   GENERAL (continued)

        d. Entitas Anak yang Dikonsolidasikan                                                                   d. Consolidated Subsidiaries

            Laporan keuangan konsolidasian meliputi                                                                 The consolidated financial statements include
            laporan keuangan Grup sebagai berikut:                                                                  the financial statements of the Group as
                                                                                                                    follows:

                                                                                                                         Persentase
                                                                                                                         Kepemilikan
                                                                                                                          Langsung/
                                                                                               Tahun                    Percentage of               Total Aset Sebelum Eliminasi/
                                                                                             Beroperasi/              Ownership Direct             Total Assets Before Elimination
                                                   Tempat                                      Start of           31 Desember/December 31,           31 Desember/December 31,
                  Entitas Anak/                  Kedudukan/             Jenis Usaha/         Commercial
                  Subsidiaries                    Domicile           Nature of Business      Operations            2025             2024            2025                   2024

             Dimiliki Langsung oleh
             Perusahaan:/
             Held directly by the Company:
             PT Indoritel Persada Nusantara    Jakarta, Indonesia     Investasi/Investment            2015                %           99,99%               29.114                      29.107
                (“IPN”)
             PT Mega Akses Persada (“MAP”)     Jakarta, Indonesia Serat Optik/Fiber Optic             2014                %           69,17%          5.602.105                      4.494.874

             Dimiliki Melalui IPN:/
             Held Through IPN:
             PT Mega Akses Persada (“MAP”)     Jakarta, Indonesia Serat Optik/Fiber Optic             2014                %            2,80%          5.602.105                      4.494.874

            Dimiliki Melalui MAP:/
            Held Through MAP:
            Fiberstar Pte.Ltd.                Singapura, Singapura      Dormant/Dormant                     -             %           100,00%                   -                            -




            MAP                                                                                                     MAP

            Berdasarkan     Perjanjian   Uang    Muka                                                               Based on Advance for Shares Subscription
            Penyetoran Modal Perseroan, PT Mega Akses                                                               Agreement, PT Mega Akses Perkasa (“MAK”),
            Perkasa (“MAK”) salah satu pemegang saham                                                               one of the Shareholders of MAP intends to
            MAP     bermaksud     untuk   meningkatkan                                                              increase its ownership in MAP by acquiring
            kepemilikan saham di MAP dengan mengambil                                                               shares of stocks (portepel) totalling to
            bagian dari saham (portepel) sebesar                                                                    Rp420,000.
            Rp420.000.

            Pada tanggal 31 Desember 2023, total uang                                                               As of December 31, 2023, the total advance for
            muka setoran modal sebesar Rp420.000 dan                                                                shares subscription was amounted to
            disajikan sebagai bagian dari “Liabilitas Jangka                                                        Rp420,000 and was presented as part of “Non-
            Panjang” dalam laporan posisi keuangan                                                                  current Liabilities” in the consolidated
            konsolidasian.                                                                                          statement of financial position.

            Berdasarkan Pengakhiran Perjanjian Uang                                                                 Based on Termination of Advance for Share
            Muka Penyetoran Modal tanggal 1 November                                                                Subscription Agreement dated November 1,
            2024, MAP telah melunasi seluruh uang muka                                                              2024, MAP has fully paid the advance for share
            setoran modal sebesar Rp420.000 kepada                                                                  subscription amounting to Rp420,000 to MAK.
            MAK.


         e. Penyelesaian                       Laporan                    Keuangan                              e. Completion                of   Consolidated             Financial
            Konsolidasian                                                                                          Statements

            Laporan     keuangan    konsolidasian     telah                                                         The consolidated financial statements were
            diselesaikan dan diotorisasi untuk terbit oleh                                                          completed and authorized for issuance by the
            Direksi     Perusahaan       pada     tanggal                                                           Company’s     Board    of     Directors   on
            30 Maret 2026.                                                                                          March 30, 2026.




                                                                                             12

     Laporan Tahunan 2025 Annual Report                                                                                                PT Indoritel Makmur Internasional Tbk                     239
Page 242
                                                                              The original consolidated financial statements included herein are in
                                                                                                                         the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                  PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                           As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                   For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                             2.   SUMMARY OF MATERIAL                          ACCOUNTING
           MATERIAL                                                                POLICIES INFORMATION

           a.   Dasar Penyusunan              Laporan      Keuangan                a. Basis of Presentation of Consolidated
                Konsolidasian                                                         Financial Statements

                Laporan keuangan konsolidasian telah disusun                            The consolidated financial statements have
                sesuai dengan Standar Akuntansi Keuangan di                             been prepared in accordance with Indonesian
                Indonesia, yang mencakup Pernyataan dan                                 Financial Accounting Standards, which
                Interpretasi yang dikeluarkan oleh Dewan                                comprise the Statements and Interpretations
                Standar Akuntansi Keuangan Ikatan Akuntan                               issued by the Financial Accounting Standards
                Indonesia (“DSAK IAI”) dan Peraturan-                                   Board of the Institute of Indonesia Chartered
                Peraturan serta Pedoman Penyajian dan                                   Accountants (Dewan Standar Akuntansi
                Pengungkapan Laporan Keuangan yang                                      Keuangan Ikatan Akuntan Indonesia or DSAK
                diterbitkan oleh Otoritas Jasa Keuangan                                 IAI) and the Regulations and Guidelines on
                (“OJK”).                                                                Financial    Statement     Presentation   and
                                                                                        Disclosures issued by Financial Services
                                                                                        Authority (Otoritas Jasa Keuangan” or “ OJK”).

                Laporan keuangan konsolidasian disusun                                  The consolidated financial statements have
                berdasarkan konsep akrual dan dasar                                     been prepared using the accrual basis, and the
                pengukuran dengan menggunakan konsep                                    measurement basis used is historical cost,
                biaya historis, kecuali untuk laporan arus kas                          except for the consolidated statement of cash
                dan akun tertentu yang diukur dengan                                    flows and certain accounts which are
                menggunakan dasar seperti yang disebutkan                               measured on the basis as described in the
                dalam catatan yang relevan.                                             relevant notes herein.

                Laporan arus kas konsolidasian yang disajikan                           The consolidated statement of cash flows,
                dengan menggunakan metode langsung,                                     which have been prepared using the direct
                menyajikan penerimaan dan pengeluaran kas                               method, present receipts and disbursements
                dan setara kas yang diklasifikasikan ke dalam                           of cash and cash equivalents classified into
                aktivitas operasi, investasi dan pendanaan.                             operating, investing and financing activities.

                Tahun buku Grup               adalah   1   Januari   -                  The financial reporting period                    of    the
                31 Desember.                                                            Group is January 1 - December 31.

                Mata uang pelaporan yang digunakan dalam                                The reporting currency used in the
                laporan keuangan konsolidasian adalah                                   consolidated financial statements is Rupiah,
                Rupiah, yang merupakan mata uang fungsional                             which is the Group’s functional currency.
                Grup.

                Kebijakan akuntansi yang diterapkan oleh Grup                           The accounting policies adopted by the Group
                adalah selaras bagi tahun yang dicakup oleh                             are consistently applied for the years covered
                laporan keuangan konsolidasian, kecuali untuk                           by the consolidated financial statements,
                standar akuntansi baru dan revisi seperti                               except for new and revised accounting
                diungkapkan pada Catatan 2b dibawah ini.                                standards as disclosed in the following
                                                                                        Note 2b.




                                                                         13

240   PT Indoritel Makmur Internasional Tbk                                                             Laporan Tahunan 2025 Annual Report
Page 243
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                  PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                           As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                   For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)
       b.    Perubahan kebijakan akuntansi                                b. Changes in accounting principles

             Grup menerapkan untuk pertama kalinya                            The Group applied for the first-time certain
             beberapa standar dan amandemen tertentu                          standards and amendments, which are
             yang efektif untuk periode tahunan yang                          effective for annual periods beginning on or
             dimulai pada atau setelah 1 Januari 2025                         after 1 January 2025 (unless otherwise
             (kecuali dinyatakan lain). Grup tidak                            stated). The Group has not early adopted any
             melakukan penerapan dini atas standar,                           other standard, interpretation or amendment
             interpretasi, atau amandemen lain yang telah                     that has been issued but is not yet effective.
             diterbitkan namun belum efektif.
             Amandemen         PSAK       221:   Kekurangan                   Amendment of              PSAK       221:      Lack     of
             Ketertukaran                                                     Exchangeability
             Amandemen tersebut menetapkan bagaimana                          The amendments specifies how an entity
             entitas harus menilai apakah suatu mata uang                     should assess whether a currency is
             dapat dipertukarkan serta bagaimana entitas                      exchangeable and how it should determine a
             harus    menentukan      kurs    spot   ketika                   spot exchange rate when exchangeability is
             ketertukaran (exchangeability) tidak tersedia.                   lacking. The amendments also require
             Amandemen tersebut juga mensyaratkan                             disclosure of information that enables users
             pengungkapan informasi yang memungkinkan                         of its financial statements to understand how
             pengguna laporan keuangan untuk memahami                         the currency not being exchangeable into the
             bagaimana ketidakmampuan mata uang                               other currency affects, or is expected to
             tersebut untuk dipertukarkan dengan mata                         affect, the entity’s financial performance,
             uang lainnya memengaruhi, atau diharapkan                        financial position and cash flows.
             akan memengaruhi, kinerja keuangan, posisi
             keuangan, dan arus kas entitas.
             Amandemen ini tidak berdampak terhadap                           This amendment did not have any impact on
             laporan keuangan konsolidasian Grup.                             the Group’s consolidated financial statements
             PSAK 117: Kontrak Asuransi                                       PSAK 117: Insurance Contracts

              PSAK 117 merupakan standar akuntansi baru                       PSAK 117 is a comprehensive new
             yang komprehensif mencakup pengakuan dan                         accounting standard for insurance contracts
             pengukuran, penyajian, serta pengungkapan                        covering recognition and measurement,
             untuk    kontrak   asuransi.    PSAK      117                    presentation and disclosure. PSAK 117
             menggantikan PSAK 104: Kontrak Asuransi.                         replaces PSAK 104 Insurance Contracts.
             PSAK 117 berlaku untuk seluruh jenis kontrak                     PSAK 117 applies to all types of insurance
             asuransi (yaitu, jiwa, non-jiwa, asuransi                        contracts (i.e., life, non-life, direct insurance
             langsung, dan reasuransi), tanpa memandang                       and re-insurance), regardless of the type of
             jenis entitas yang menerbitkannya, serta                         entities that issue them as well as to certain
             berlaku pula untuk jenis garansi tertentu dan                    guarantees and financial instruments with
             instrumen keuangan dengan fitur partisipasi                      discretionary participation features.
             diskresioner.




                                                              14

     Laporan Tahunan 2025 Annual Report                                                       PT Indoritel Makmur Internasional Tbk         241
Page 244
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                         As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.    SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)
           b. Perubahan kebijakan akuntansi (lanjutan)                         b.    Changes in             accounting          principles
                                                                                    (continued)
                PSAK 117: Kontrak Asuransi (lanjutan)                               PSAK 117: Insurance Contracts (continued)
                Tujuan utama PSAK 117 adalah menyediakan                              The overall objective of PSAK 117 is to
                model akuntansi yang komprehensif untuk                               provide a comprehensive accounting model
                kontrak asuransi yang lebih berguna dan                               for insurance contracts that is more useful
                konsisten bagi entitas asuransi, mencakup                             and consistent for insurers, covering all
                seluruh aspek akuntansi yang relevan. PSAK                            relevant accounting aspects. PSAK 117 is
                117 didasarkan pada model umum yang                                   based on a general model, supplemented
                dilengkapi dengan:                                                    by:
                • Penyesuaian khusus untuk kontrak dengan                             • A specific adaptation for contracts with
                    fitur partisipasi langsung (variable fee                              direct participation features (the variable
                    approach)                                                             fee approach)
                • Pendekatan          yang    disederhanakan                          • A simplified approach (the premium
                    (premium allocation approach) yang                                    allocation approach) mainly for short-
                    terutama berlaku untuk kontrak berdurasi                              duration contracts
                    pendek
                Standar baru tersebut tidak memiliki dampak                         The new standard had no impact on the
                terhadap laporan keuangan konsolidasian                             Group’s consolidated financial statements.
                Grup.

           c.   Prinsip-prinsip Konsolidasi                                    c. Principles of Consolidation

                Laporan keuangan konsolidasian meliputi                             The consolidated financial statements include
                laporan keuangan Perusahaan dan entitas                             the financial statements of the Company and
                anaknya seperti yang disebutkan pada                                its subsidiaries as mentioned in Note 1d, in
                Catatan 1d, dimana Perusahaan memiliki                              which the Company has control.
                pengendalian.

                Pengendalian didapat ketika Grup terekspos                          Control is achieved when the Group is
                atau memiliki hak atas imbal hasil variabel dari                    exposed, or has rights, to variable returns from
                keterlibatannya dengan investee dan memiliki                        its involvement with the investee and has the
                kemampuan untuk mempengaruhi imbal hasil                            ability to affect those returns through its power
                tersebut melalui kekuasannya atas investee.                         over the investee.

                Dengan demikian, investor mengendalikan                             Thus, the Group controls an investee if and
                investee jika dan hanya jika investor memiliki                      only if the Group has all of the following:
                seluruh hal berikut ini:

                i)   Kekuasaan atas investee, yaitu hak yang                           i)   Power over the investee, that is
                     ada saat ini yang memberi investor                                     existing rights that give the Group
                     kemampuan kini untuk mengarahkan                                       current ability to direct the relevant
                     aktivitas relevan dari investee,                                       activities of the investee,
                 ii) Eksposur atau hak atas imbal hasil variabel                       ii) Exposure, or rights, to variable returns
                     dari keterlibatannya dengan investee, dan                              from its involvement with the investee,
                iii) Kemampuan          untuk      menggunakan                              and
                     kekuasaannya       atas    investee  untuk                        iii) The ability to use its power over the
                     mempengaruhi jumlah imbal hasil.                                       investee to affect its returns.




                                                                   15

242   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 245
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                    PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                             As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                     For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

       c.   Prinsip-prinsip Konsolidasi (lanjutan)                          c. Principles of Consolidation (continued)

            Bila Grup tidak memiliki hak suara atau hak                        When the Group has less than a majority of the
            serupa secara mayoritas atas suatu investee,                       voting or similar rights of an investee, the
            Grup mempertimbangkan semua fakta dan                              Group considers all relevant facts and
            keadaan yang relevan dalam mengevaluasi                            circumstances in assessing whether it has
            apakah mereka memiliki kekuasaan atas                              power over an investee, including:
            investee, termasuk:

            i)   Pengaturan kontraktual dengan pemilik                            i) The contractual arrangement with the
                 hak suara lainnya dari investee,                                      other vote holders of the investee,
            ii) Hak yang timbul atas pengaturan                                   ii) Rights arising from other contractual
                 kontraktual lain, dan                                                 arrangements, and
            iii) Hak suara dan hak suara potensial yang                           iii) The Group's voting rights and potential
                 dimiliki Grup.                                                        voting rights.

            Grup menilai kembali apakah investor                               The Group re-assesses whether or not an
            mengendalikan investee jika fakta dan keadaan                      investor controls an investee if facts and
            mengindikasikan adanya perubahan terhadap                          circumstances indicate that there are changes
            satu atau lebih dari tiga elemen pengendalian.                     to one or more of the three elements of control.
            Konsolidasi atas entitas anak dimulai ketika                       Consolidation of subsidiary begins when the
            Grup memiliki pengendalian atas entitas anak                       Group obtain control over the subsidiary and
            dan berhenti ketika Grup kehilangan                                ceases when the Group lose control of the
            pengendalian atas entitas anak. Aset, liabilitas,                  subsidiary. Assets, liabilities, income and
            penghasilan dan beban atas entitas anak yang                       expenses of a subsidiary acquired or disposed
            diakuisisi atau dilepas selama periode termasuk                    of during the period are included in the
            dalam laporan laba rugi dan penghasilan                            consolidated statement of profit or loss and
            komprehensif lain konsolidasian dari tanggal                       other comprehensive income from the date the
            Grup memperoleh pengendalian sampai                                Group gain control until the date the Group
            dengan       tanggal     Grup     menghentikan                     cease to control the subsidiary.
            pengendalian atas entitas anak.

            Seluruh laba rugi dan setiap komponen                              Profit or loss and each component of other
            penghasilan      komprehensif     lain   (“PKL”)                   comprehensive income (“OCI”) are attributed
            diatribusikan pada pemilik entitas induk dan                       to the equity holders of the parent of the Group
            pada kepentingan nonpengendali (“KNP”),                            and to the non-controlling interests (“NCI”),
            walaupun hal ini akan menyebabkan saldo KNP                        even if this results in the NCI having a deficit
            yang defisit. Bila dipandang perlu, penyesuaian                    balance. When necessary, adjustments are
            dilakukan terhadap laporan keuangan entitas                        made to the financial statements of
            anak untuk diselaraskan dengan kebijakan                           subsidiaries to bring their accounting policies
            akuntansi Grup.                                                    into line with the Group’s accounting policies.

            Kepentingan nonpengendali mencerminkan                             Non-controlling interest represents the portion
            bagian atas laba atau rugi dan aset neto dari                      of profit or loss and net assets of subsidiaries
            entitas anak yang tidak dapat diatribusikan                        not attributable, directly or indirectly, to the
            secara langsung maupun tidak langsung                              Company, which are presented in profit or loss
            kepada Perusahaan, yang masing-masing                              and other comprehensive income and under
            disajikan dalam laporan laba rugi dan                              the equity in the consolidated financial
            penghasilan komprehensif lain konsolidasian                        statements, respectively, separately from the
            dan dalam ekuitas dalam laporan posisi                             corresponding portion attributable to the equity
            keuangan konsolidasian, terpisah dari bagian                       holders of the parent entity.
            yang dapat diatribusikan kepada pemilik entitas
            induk.




                                                                16

     Laporan Tahunan 2025 Annual Report                                                         PT Indoritel Makmur Internasional Tbk         243
Page 246
                                                                          The original consolidated financial statements included herein are in
                                                                                                                     the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                 PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                          As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

           c.   Prinsip-prinsip Konsolidasi (lanjutan)                          c. Principles of Consolidation (continued)

                Bila diperlukan, penyesuaian dilakukan pada                          When necessary, adjustments are made to the
                laporan keuangan entitas anak agar kebijakan                         financial statements of subsidiaries to bring
                akuntansinya     sesuai  dengan     kebijakan                        their accounting policies in line with the
                akuntansi Grup. Semua aset dan liabilitas,                           Group’s accounting policies. All intra-group
                ekuitas, penghasilan, beban dan arus kas                             assets and liabilities, equity, income, expenses
                berkaitan dengan transaksi antar anggota Grup                        and cash flows relating to transactions
                akan dieliminasi secara penuh dalam proses                           between members of the Group will be
                konsolidasi.                                                         eliminated in full on consolidation.

                Seluruh saldo akun dan transaksi yang                                All significant intercompany accounts and
                signifikan antar Perusahaan dengan entitas                           transactions between the Company and
                anak telah dieliminasi.                                              subsidiaries have been eliminated.

                Perubahan dalam bagian kepemilikan pada                              A change in the ownership interest of a
                entitas anak yang tidak mengakibatkan                                subsidiary, without a loss of control, is
                hilangnya pengendalian dicatat sebagai                               accounted for as an equity transaction.
                transaksi ekuitas.

           d.   Klasifikasi lancar dan tak lancar                               d.    Current and non-current classification

                Grup menyajikan aset dan liabilitas dalam                            The Group presents assets and liabilities in
                laporan     posisi     keuangan     berdasarkan                      the statement of financial position based on
                klasifikasi lancar/tak lancar. Suatu aset                            current/non-current classification. An asset
                disajikan lancar bila:                                               is current when it is:
                i.     akan direalisasi, dijual atau dikonsumsi                      i.    expected to be realized or intended to
                       dalam siklus operasi normal,                                        be sold or consumed in the normal
                                                                                           operating cycle,
                ii.    untuk diperdagangkan,                                         ii.   held primarily for the purpose of
                                                                                           trading,
                iii.   akan direalisasi dalam 12 bulan setelah                       iii. expected to be realized within 12
                       tanggal pelaporan, atau                                             months after the reporting period, or
                iv.    kas atau setara kas kecuali yang dibatasi                     iv. cash or cash equivalent unless
                       penggunaannya atau akan digunakan                                   restricted from being exchanged or
                       untuk melunasi suatu liabilitas dalam                               used to settle a liability for at least 12
                       paling lambat 12 bulan setelah tanggal                              months after the reporting period.
                       pelaporan.

                Seluruh aset lain diklasifikasikan sebagai tidak                     All other assets are classified as non-
                lancar.                                                              current.

                Suatu liabilitas disajikan lancar bila:                              A liability is current when it is:
                i.   akan dilunasi dalam siklus           operasi                    i.    expected to be settled in the normal
                     normal,                                                               operating cycle,
                ii.  untuk diperdagangkan,                                           ii.   held primarily for the purpose of
                                                                                           trading,
                iii.   akan dilunasi dalam 12 bulan setelah                          iii. due to be settled within 12 months
                       tanggal pelaporan, atau                                             after the reporting period, or
                iv.    tidak ada hak tanpa syarat untuk                              iv. there is no unconditional right to defer
                       menangguhkan pelunasannya dalam                                     the settlement of the liability for at
                       paling tidak 12 bulan setelah tanggal                               least 12 months after the reporting
                       pelaporan.                                                          period.




                                                                    17

244   PT Indoritel Makmur Internasional Tbk                                                        Laporan Tahunan 2025 Annual Report
Page 247
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                     PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                              As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                      For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                          (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.    SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

       d.   Klasifikasi lancar dan tak lancar (lanjutan)                     d.   Current and non-current classification
                                                                                  (continued)

            Persyaratan liabilitas yang dapat, atas opsi                          The terms of the liability that could, at the
            pihak lawan, menghasilkan penyelesaiannya                             option of the counterparty, result in its
            dengan penerbitan instrumen ekuitas tidak                             settlement by the issue of the equity
            memengaruhi klasifikasinya.                                           instruments do not affect its classification.

            Seluruh liabilitas lain diklasifikasikan sebagai                      All other liabilities are classified as non-
            tidak lancar.                                                         current.

            Aset      dan    liabilitas  pajak    tangguhan                       Deferred tax assets and liabilities are
            diklasifikasikan sebagai aset dan liabilitas tidak                    classified as non-current assets and
            lancar dan liabilitas jangka panjang.                                 liabilities.

       e.   Kas dan Setara Kas                                               e.   Cash and Cash Equivalents

            Kas dan setara kas dalam laporan posisi                               Cash and cash equivalents in the statements
            keuangan konsolidasian yang terdiri dari kas                          of consolidated financial position comprise
            dan bank serta deposito jangka pendek yang                            cash on hand and in banks and short-term
            jatuh tempo dalam waktu 3 bulan atau kurang,                          deposits with a maturity of three (3) months or
            yang dapat segera dikonversikan menjadi kas                           less, that are readily convertible to a known
            dalam jumlah yang dapat ditentukan dan                                amount of cash and subject to an insignificant
            memiliki risiko perubahan nilai yang tidak                            risk of changes in value.
            signifikan.

            Untuk     keperluan   laporan      arus     kas                       For the purpose of the consolidated statement
            konsolidasian, kas dan setara kas terdiri dari                        of cash flows, cash and cash equivalents
            kas dan bank dan deposito berjangka                                   consist of cash on hand and in banks and time
            sebagaimana yang didefinisikan di atas, setelah                       deposits as defined above, net of outstanding
            dikurangi dengan cerukan yang belum dilunasi,                         overdraft, if any.
            jika ada.

            Dana yang dibatasi penggunaannya disajikan                            Restricted fund is presented as part of “Other
            sebagai bagian dari “Aset Keuangan Lancar                             Current Financial Assets” in the consolidated
            Lainnya” dalam laporan posisi keuangan                                statement of financial position.
            konsolidasian.

       f.   Instrumen Keuangan                                               f.   Financial Instruments

            Instrumen keuangan adalah setiap kontrak                              A financial instrument is any contract that
            yang menambah nilai aset keuangan bagi satu                           gives rise to a financial asset of one entity
            entitas dan liabilitas keuangan atau ekuitas bagi                     and a financial liability or equity instrument of
            entitas lain.                                                         another entity.

            Aset Keuangan                                                         Financial Assets

            Pengakuan dan Pengukuran Awal                                         Initial Recognition and Measurement
            Aset     keuangan       diklasifikasikan,  pada                       Financial assets are classified, at initial
            pengakuan awal, yang selanjutnya diukur pada                          recognition, as subsequently measured at
            biaya perolehan diamortisasi, nilai wajar melalui                     amortized cost, fair value through other
            penghasilan komprehensif lain (“NWPKL”), dan                          comprehensive income (“OCI”), and fair value
            nilai wajar melalui laba rugi (“NWLR”).                               through profit or loss.




                                                                 18

     Laporan Tahunan 2025 Annual Report                                                          PT Indoritel Makmur Internasional Tbk         245
Page 248
                                                                          The original consolidated financial statements included herein are in
                                                                                                                     the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                 PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                          As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.    SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

           f.   Instrumen Keuangan (lanjutan)                                   f.   Financial Instruments (continued)

                Aset Keuangan (lanjutan)                                             Financial Assets (continued)

                Pengakuan dan Pengukuran Awal (lanjutan)                             Initial  Recognition           and       Measurement
                                                                                     (continued)

                Pada pengakuan awal, Grup mengukur aset                              At initial recognition, the Group measures a
                keuangan pada nilai wajarnya ditambah biaya                          financial asset at its fair value plus transaction
                transaksi, dalam hal aset keuangan tidak diukur                      costs, in the case of a financial asset not at fair
                pada nilai wajar melalui laba rugi (“NWLR”).                         value through profit or loss (“FVTPL”). Trade
                Piutang usaha yang tidak mengandung                                  receivables that do not contain a significant
                komponen pembiayaan yang signifikan, dimana                          financing component, for which the Group has
                Grup telah menerapkan cara praktis, yaitu                            applied the practical expedient are measured
                diukur pada harga transaksi yang ditentukan                          at the transaction price determined under
                sesuai PSAK 115: Pendapatan dari kontrak                             PSAK 115: Revenue from contracts with
                dengan pelanggan.                                                    customers

                Agar aset keuangan diklasifikasikan dan diukur                       In order for a financial asset to be classified
                pada biaya perolehan diamortisasi atau                               and measured at amortized cost or FVOCI, it
                NWPKL, aset keuangan harus menghasilkan                              needs to give rise to cash flows that are ‘solely
                arus kas yang semata dari pembayaran pokok                           payments of principal and interest (“SPPI”)’ on
                dan bunga (“SPPB”) dari jumlah pokok                                 the principal amount outstanding. This
                terutang. Penilaian ini disebut sebagai uji SPPB                     assessment is referred to as the SPPI test and
                dan dilakukan pada tingkat instrumen.                                is performed at an instrument level.

                Model bisnis Grup untuk mengelola aset                               The Group’s business model for managing
                keuangan mengacu pada bagaimana Grup                                 financial assets refers to how it manages its
                mengelola     aset    keuangannya      untuk                         financial assets in order to generate cash
                menghasilkan arus kas. Model bisnis                                  flows. The business model determines
                menentukan apakah arus kas akan dihasilkan                           whether cash flows will result from collecting
                dari pengumpulan arus kas kontraktual,                               contractual cash flows, selling the financial
                penjualan aset keuangan, atau keduanya.                              assets, or both.

                Selisih antara harga transaksi dan nilai wajar                       The difference between the transaction price
                aset keuangan pada pengakuan awal                                    and fair value of financial assets upon initial
                ditangguhkan bila nilai wajarnya diestimasi                          recognition is deferred, if the fair value is
                menggunakan input yang tidak dapat                                   estimated using unobservable inputs. The
                diobservasi. Bila, selain waktu, tidak terdapat                      deferred loss is amortized using the straight-
                faktor lain yang diidentifikasi oleh pelaku pasar                    line method if, other than time, there are no
                dalam pertimbangan untuk menentukan harga                            factors identified that market participants
                aset keuangan tersebut, kerugian yang                                would take into account when pricing the
                ditangguhkan tersebut diamortisasi dengan                            financial asset. Any outstanding amount is
                menggunakan metode garis lurus. Setiap                               immediately recognized in profit or loss when
                jumlah yang masih tersisa segera diakui dalam                        the financial asset is derecognized or when
                laba rugi pada saat aset keuangan tersebut                           the inputs becomes observable.
                dihentikan pengakuannya atau ketika input
                tersebut menjadi dapat diobservasi.




                                                                    19

246   PT Indoritel Makmur Internasional Tbk                                                        Laporan Tahunan 2025 Annual Report
Page 249
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                 PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                          As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.    SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

       f.   Instrumen Keuangan (lanjutan)                                f.   Financial Instruments (continued)

            Aset Keuangan (lanjutan)                                          Financial Assets (continued)

            Pengukuran Selanjutnya                                            Subsequent Measurement

            Untuk tujuan pengukuran selanjutnya, aset                         For purposes of subsequent measurement,
            keuangan diklasifikasikan dalam empat                             financial assets are classified in four
            kategori:                                                         categories:
             Aset keuangan pada biaya perolehan                                Financial assets at amortized cost (debt
                diamortisasi (instrumen utang),                                    instruments),
             Aset keuangan pada NWPKL dengan                                   Financial assets at FVOCI with recycling
                pendauran laba dan rugi kumulatif                                  of cumulative gains and losses (debt
                (instrumen utang),                                                 instruments),
             Aset keuangan pada NWPKL tanpa                                    Financial assets designated at FVOCI
                pendauran laba dan rugi kumulatif setelah                          with no recycling of cumulative gains and
                penghentian      pengakuan      (instrumen                         losses upon derecognition (equity
                ekuitas), dan                                                      instruments), and
             Nilai wajar melalui laba rugi (NWLR).                             Fair value through profit or loss (FVTPL).

            Aset keuangan pada biaya            perolehan                     Financial assets at amortized cost (debt
            diamortisasi (instrumen utang)                                    instruments)

            Grup mengukur aset keuangan yang diukur                           The Group measures financial assets at
            dengan biaya perolehan diamortisasi jika kedua                    amortized cost if both of the following
            kondisi berikut terpenuhi:                                        conditions are met:

                Aset keuangan dimiliki dalam model bisnis                        The financial asset is held within a
                 dengan tujuan untuk memiliki aset                                 business model with the objective to
                 keuangan untuk mengumpulkan arus kas                              hold financial assets in order to collect
                 kontraktual; dan                                                  contractual cash flows; and
                Persyaratan     kontraktual  dari    aset                        The contractual terms of the financial
                 keuangan menimbulkan arus kas pada                                asset give rise on specified dates to
                 tanggal tertentu yang hanya merupakan                             cash flows that are solely payments of
                 pembayaran pokok dan bunga dari jumlah                            principal and interest on the principal
                 pokok terutang.                                                   amount outstanding.

            Aset keuangan yang diukur dengan biaya                            Financial assets at amortized cost are
            perolehan diamortisasi selanjutnya diukur                         subsequently measured using the Effective
            dengan menggunakan metode Suku Bunga                              Interest Rate (“EIR”) method and are subject
            Efektif (“SBE”) dan mengalami penurunan nilai.                    to impairment. Gains and losses are
            Keuntungan dan kerugian diakui dalam laba                         recognized in profit or loss when the asset is
            rugi pada saat aset dihentikan pengakuannya,                      derecognized, modified or impaired.
            dimodifikasi atau rusak.

            Aset keuangan Grup pada biaya perolehan                           The Group’s financial assets at amortized cost
            diamortisasi termasuk kas dan setara kas, aset                    includes cash and cash equivalents, other
            keuangan lancar lainnya, investasi jangka                         current    financial    assets,    short-term
            pendek, piutang usaha, piutang lain-lain,                         investment,     trade    receivables,    other
            pinjaman karyawan, aset keuangan lancar                           receivables, loan to employees, other current
            lainnya dan investasi pada instrumen utang.                       financial assets and investment on debt
                                                                              instruments.




                                                             20

     Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk         247
Page 250
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)
           f.   Instrumen Keuangan (lanjutan)                                 f.    Financial Instruments (continued)
                Aset Keuangan (lanjutan)                                           Financial Assets (continued)
                Aset Keuangan pada nilai wajar melalui laba                        Financial assets at fair value through profit or
                rugi (“NWLR”)                                                      loss (“FVTPL”)

                Aset keuangan pada NWLR tercatat dalam                              Financial assets at FVTPL are carried in the
                laporan posisi keuangan pada nilai wajar                           statement of financial position at fair value
                dengan perubahan neto nilai wajar yang diakui                      with net changes in fair value recognized in
                dalam laporan laba rugi konsolidasi.                               the consolidated statement of profit or loss.

                Kategori ini termasuk instrumen hutang dan                          This category includes debts instruments and
                investasi ekuitas yang mana oleh Grup                              equity investments which the Group had not
                diklasifikasikan secara tak terbatalkan pada                       irrevocably elected to classify at FVOCI.
                NWPKL. Distribusi atas investasi diakui sebagai                    Distribution on such investments are
                penghasilan keuangan dalam laporan laba rugi                       recognized as finance income in the
                konsolidasi pada saat hak atas pembayaran                          consolidated statement of profit or loss when
                telah ditetapkan.                                                  the right of payment has been established.

                Aset keuangan Grup pada NWLR termasuk                               The Group’s financial assets at FVTPL
                investasi jangka panjang.                                          includes long-term investment

                Penghentian pengakuan                                              Derecognition

                Aset keuangan (atau, jika berlaku, bagian dari                     A financial asset (or, where applicable, a part
                aset keuangan atau bagian dari kelompok aset                       of a financial asset or part of a group of similar
                keuangan       serupa)    terutama     dihentikan                  financial assets) is primarily derecognized
                pengakuannya (yaitu, dihapuskan dari laporan                       (i.e., removed from the Group’s consolidated
                posisi keuangan konsolidasian Grup) ketika:                        statement of financial position) when:
                 Hak untuk menerima arus kas dari aset                                 The rights to receive cash flows from the
                     telah berakhir; atau                                                asset have expired; or
                 Grup telah mengalihkan haknya untuk                                   The Group has transferred its rights to
                     menerima arus kas dari aset atau telah                              receive cash flows from the asset or has
                     menanggung kewajiban untuk membayar                                 assumed an obligation to pay the
                     arus kas yang diterima secara penuh tanpa                           received cash flows in full without
                     penundaan yang material kepada pihak                                material delay to a third party under a
                     ketiga berdasarkan kesepakatan 'pass-                               ‘pass-through’ arrangement; and either
                     through', dan salah satu dari (a) Grup telah                        (a)    the    Group      has    transferred
                     mengalihkan secara substansial semua                                substantially all the risks and rewards of
                     risiko dan manfaat aset, atau (b) Grup tidak                        the asset, or (b) the Group has neither
                     mengalihkan       atau    memiliki   secara                         transferred nor retained substantially all
                     substansial seluruh risiko dan manfaat                              the risks and rewards of the asset, but
                     aset, tetapi telah mengalihkan kendali atas                         has transferred control of the asset.
                     aset.




                                                                    21

248   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 251
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)
       f.   Instrumen Keuangan (lanjutan)                                f.    Financial Instruments (continued)
            Aset Keuangan (lanjutan)                                          Financial Assets (continued)

            Penghentian pengakuan (lanjutan)                                  Derecognition (continued)
            Ketika Grup telah mengalihkan haknya untuk                        When the Group has transferred its rights to
            menerima arus kas dari suatu aset atau telah                      receive cash flows from an asset or has
            menandatangani kesepakatan ‘pass-through’,                        entered into a pass-through arrangement, it
            Grup mengevaluasi jika, dan sejauh mana,                          evaluates if, and to what extent, it has
            Grup masih mempertahankan risiko dan                              retained the risks and rewards of ownership.
            manfaat atas kepemilikan aset. Ketika Grup                        When it has neither transferred nor retained
            tidak mengalihkan maupun seluruh risiko dan                       substantially all of the risks and rewards of the
            manfaat atas aset dipertahankan secara                            asset, nor transferred control of the asset, the
            substansial, maupun tidak mengalihkan kendali                     Group continues to recognize the transferred
            atas aset, Grup tetap mengakui aset yang                          asset to the extent of its continuing
            dialihkan        sebesar            keterlibatan                  involvement. In that case, the Group also
            berkelanjutannya. Dalam kasus tersebut, Grup                      recognizes an associated liability. The
            juga mengakui liabilitas terkait. Aset yang                       transferred asset and the associated liability
            dialihkan dan liabilitas terkait diukur dengan                    are measured on a basis that reflects the
            basis yang mencerminkan hak dan kewajiban                         rights and obligations that the Group has
            yang masih dipertahankan oleh Grup.                               retained.

            Keterlibatan berkelanjutan dalam bentuk                           Continuing involvement that takes the form of
            jaminan atas aset yang ditransfer, diukur pada                    a guarantee over the transferred asset is
            nilai yang lebih rendah antara jumlah tercatat                    measured at the lower of the original carrying
            awal aset dan jumlah maksimum imbalan yang                        amount of the asset and the maximum
            dibutuhkan oleh Grup untuk membayar                               amount of consideration that the Group could
            kembali.                                                          be required to repay.

            Penurunan nilai aset keuangan                                     Impairment of financial assets

            Grup mengakui penyisihan Kerugian Kredit                          The Group recognizes an allowance for ECL
            Ekspektasian (KKE) untuk semua instrumen                          for all debt instruments not held at FVTPL and
            utang yang bukan diukur pada NWLR dan                             financial guarantee contracts. ECLs are
            kontrak jaminan keuangan. KKE ditentukan                          based on the difference between the
            atas perbedaan antara arus kas kontraktual                        contractual cash flows due in accordance with
            menurut kontrak dan semua arus kas yang                           the contract and all the cash flows that the
            diharapkan akan diterima oleh Grup, yang                          Group expects to receive, discounted at an
            didiskontokan dengan perkiraan SBE orisinal.                      approximation of the original EIR. The
            Arus kas yang diharapkan mencakup setiap                          expected cash flows include any cash flows
            arus kas dari penjualan agunan yang dimiliki                      from the sale of collateral held or other credit
            atau perbaikan kredit lainnya yang merupakan                      enhancements
            bagian yang tidak terpisahkan dalam ketentuan
            kontrak.

            KKE diakui dalam dua tahap. Bila belum                            ECLs are recognized in two stages. When
            terdapat peningkatan risiko kredit signifikan                     there has not been a significant increases in
            sejak pengakuan awal, KKE diakui untuk                            credit risks since initial recognition, ECLs are
            kerugian kredit yang dihasilkan dari peristiwa                    provided for credit losses that result from
            gagal bayar yang mungkin terjadi dalam jangka                     default events that are possible within the next
            waktu 12 bulan ke depan (KKE 12 bulan).                           12-months (a 12-month ECL). But, when
            Namun, bila telah terdapat peningkatan                            there have been significant increases in credit
            signifikan risiko kredit sejak pengakuan awal,                    risks since initial recognition, a loss allowance
            penyisihan kerugian diakui untuk kerugian                         is recognized for credit losses expected over
            kredit yang diperkirakan selama sisa umur aset,                   the remaining life of the asset, irrespective of
            tanpa mempertimbangkan waktu gagal bayar                          timing of the default (a lifetime ECL).
            (KKE sepanjang umurnya).
                                                               22

     Laporan Tahunan 2025 Annual Report                                                       PT Indoritel Makmur Internasional Tbk         249
Page 252
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

           f.   Instrumen Keuangan (lanjutan)                                 f.    Financial Instruments (continued)

                Aset Keuangan (lanjutan)                                           Financial Assets (continued)

                Penurunan nilai aset keuangan (lanjutan)                           Impairment of financial assets (continued)

                Grup menganggap aset keuangan dalam gagal                          The Group considers a financial asset in
                bayar ketika pembayaran kontraktual telah                          default when contractual payments are 360
                lewat 360 hari dari tanggal jatuh tempo. Namun,                    days past due. However, in certain cases, the
                dalam kasus tertentu, Grup juga dapat                              Group may also consider a financial asset to
                mempertimbangkan aset keuangan menjadi                             be in default when internal or external
                gagal bayar ketika informasi internal atau                         information indicates that the Group is unlikely
                eksternal      menunjukkan       bahwa    besar                    to receive the outstanding contractual
                kemungkinan Grup tidak menerima jumlah                             amounts in full before taking into account any
                kontraktual terutang secara penuh sebelum                          credit enhancements held by the Group. A
                memperhitungkan perbaikan kredit yang                              financial asset is written off when there is no
                dimiliki oleh Grup. Aset keuangan dihapuskan                       reasonable expectation of recovering the
                jika tidak terdapat ekspektasi yang wajar untuk                    contractual cash flows.
                memulihkan arus kas kontraktual.

                Liabilitas Keuangan                                                Financial Liabilities

                Pengakuan dan Pengukuran Awal                                      Initial Recognition and Measurement

                Liabilitas keuangan diklasifikasikan, pada                         Financial liabilities are classified, at initial
                pengakuan awal, sebagai liabilitas keuangan                        recognition, as financial liabilities at FVTPL,
                yang diukur pada NWLR, utang dan pinjaman                          loans and borrowings, or as derivatives
                atau derivatif ditetapkan sebagai instrumen                        designated as hedging instruments in an
                lindung nilai pada lindung nilai yang efektif,                     effective hedge, as appropriate.
                sesuai dengan kondisinya.

                Semua liabilitas keuangan diakui pada nilai                        All financial liabilities are recognized initially at
                wajar saat pengakuan awal dan, dalam hal                           fair value and, in the case of loans and
                liabilitas keuangan dilklasifikasi sebagai utang                   borrowings and payables, net of directly
                dan pinjaman, diakui pada nilai wajar setelah                      attributable transaction costs.
                dikurangi biaya transaksi yang dapat
                diatribusikan secara langsung.
                Grup menetapkan liabilitas keuangannya                             The Group designates its financial liabilities
                sebagai utang dan pinjaman, seperti utang                          as loans and borrowings, such as trade and
                usaha dan lain-lain, biaya masih harus dibayar,                    other payables, accrued expense, bank loans
                liabilitas imbalan kerja jangka pendek, utang                      and due to related parties.
                bank dan utang pihak berelasi.

                Selisih antara harga transaksi dan nilai wajar                     The difference between the transaction price
                liabilitas keuangan pada pengakuan awal                            and fair value of financial liability upon initial
                ditangguhkan bila nilai wajarnya diestimasi                        recognition is deferred, if the fair value is
                menggunakan input yang tidak dapat                                 estimated using unobservable inputs. The
                diobservasi. Bila, selain waktu, tidak terdapat                    deferred gain is amortized using the straight-
                faktor lain yang diidentifikasi oleh pelaku pasar                  line method if, other than time, there are no
                dalam pertimbangan untuk menentukan harga                          factors identified that market participants
                aset keuangan tersebut, keuntungan yang                            would take into account when pricing the
                ditangguhkan tersebut diamortisasi dengan                          financial asset. Any outstanding amount is
                menggunakan metode garis lurus. Setiap                             immediately recognized in profit or loss when
                jumlah yang masih tersisa segera diakui dalam                      the financial asset is derecognized or when
                laba rugi pada saat aset keuangan tersebut                         the inputs becomes observable.
                dihentikan pengakuannya atau ketika input
                tersebut menjadi dapat diobservasi.
                                                                    23

250   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 253
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)
       f.   Instrumen Keuangan (lanjutan)                                f.   Financial Instruments (continued)

            Aset Liabilitas (lanjutan)                                        Financial Liabilities (continued)

            Pengukuran Selanjutnya                                            Subsequent Measurement
            Pengukuran liabilitas keuangan bergantung                         The measurement of financial liabilities
            pada klasifikasinya, seperti yang dijelaskan di                   depends on their classification, as described
            bawah ini:                                                        below:
            Utang dan pinjaman                                                Loans and borrowings
            Ini adalah kategori yang paling relevan dengan                    This is the category most relevant to the
            Grup. Setelah pengakuan awal, utang dan                           Group. After initial recognition, interest-
            pinjaman yang dikenakan bunga selanjutnya                         bearing    loans     and     borrowings      are
            diukur pada biaya perolehan diamortisasi                          subsequently measured at amortized cost
            dengan      menggunakan        metode     SBE.                    using the EIR method. Gains and losses are
            Keuntungan dan kerugian diakui dalam laba                         recognized in profit or loss when the liabilities
            rugi    pada saat kewajiban          dihentikan                   are derecognized as well as through the EIR
            pengakuannya serta melalui proses amortisasi                      amortization process.
            SBE.
            Biaya perolehan diamortisasi dihitung dengan                      Amortized cost is calculated by taking into
            mempertimbangkan diskonto atau premi atas                         account any discount or premium on
            akuisisi dan biaya atau biaya yang merupakan                      acquisition and fees or costs that are an
            bagian tidak terpisahkan dari SBE. Amortisasi                     integral part of the EIR. The EIR amortization
            SBE dicatat sebagai beban keuangan dalam                          is included as finance costs in the
            laporan     laba    rugi   dan    penghasilan                     consolidated statement of profit or loss and
            komprehensif lain konsolidasian.                                  other comprehensive income.
            Penghentian pengakuan                                             Derecognition
            Suatu     liabilitas  keuangan dihentikan                         A financial liability is derecognized when the
            pengakuannya pada saat kewajiban yang                             obligation under the contract is discharged or
            ditetapkan dalam kontrak berakhir atau                            cancelled or expires.
            dibatalkan atau kedaluwarsa.
            Ketika sebuah liabilitas keuangan ditukar                         When an existing financial liability is replaced
            dengan liabilitas keuangan lain dari pemberi                      by another from the same lender on
            pinjaman yang sama atas persyaratan yang                          substantially different terms, or the terms of
            secara substansial berbeda, atau bila                             an existing liability are substantially modified,
            persyaratan dari liabilitas keuangan tersebut                     such an exchange or modification is treated
            secara substansial dimodifikasi, pertukaran                       as derecognition of the original liability and
            atau modifikasi persyaratan tersebut dicatat                      recognition of a new liability, and the
            sebagai penghentian pengakuan liabilitas                          difference in the respective carrying amounts
            keuangan orisinal dan pengakuan liabilitas                        is recognized in the profit or loss.
            keuangan baru, dan selisih antara nilai tercatat
            masing-masing liabilitas keuangan tersebut
            diakui pada laba rugi.




                                                               24

     Laporan Tahunan 2025 Annual Report                                                       PT Indoritel Makmur Internasional Tbk         251
Page 254
                                                                          The original consolidated financial statements included herein are in
                                                                                                                     the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                              PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                       As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

           g.   Aset Tetap                                                     g. Fixed Assets
                Saling hapus instrumen keuangan                                     Offsetting of financial instruments
                Aset keuangan dan liabilitas keuangan disaling                      Financial assets and financial liabilities are
                hapuskan dan nilai netonya disajikan dalam                          offset, and the net amount reported in the
                laporan posisi keuangan konsolidasian jika,                         consolidated statement of financial position if,
                dan hanya jika, terdapat hak secara hukum                           and only if, there is a currently enforceable
                untuk melakukan saling hapus atas jumlah                            legal right to offset the recognized amounts
                tercatat dari aset keuangan dan liabilitas                          and there is an intention to settle on a net
                keuangan tersebut dan terdapat intensi untuk                        basis, or to realize the assets and settle the
                menyelesaikan secara neto, atau untuk                               liabilities simultaneously.
                merealisasikan aset dan menyelesaikan
                liabilitas secara bersamaan.

                Seluruh aset tetap awalnya diakui sebesar                           All fixed assets are initially recognized at cost,
                biaya perolehan, yang terdiri atas harga                            which comprise its purchase price and any
                perolehan dan biaya-biaya tambahan yang                             costs directly attributable in bringing the asset
                dapat diatribusikan langsung untuk membawa                          to the location and condition necessary for
                aset ke lokasi dan kondisi yang diinginkan                          them to be capable of operating in the manner
                supaya aset tersebut siap digunakan sesuai                          intended by management.
                dengan maksud manajemen.

                Setelah pengakuan awal, aset tetap, kecuali                         Subsequent to initial recognition, fixed assets,
                tanah, dinyatakan pada biaya perolehan                              except for land, are carried at cost less any
                dikurangi akumulasi penyusutan dan akumulasi                        subsequent accumulated depreciation and
                rugi penurunan nilai.                                               impairment losses.

                Penyusutan aset tetap dimulai pada saat aset                        Depreciation of fixed assets start when the
                tersebut siap untuk digunakan sesuai maksud                         assets are available for use and is computed
                penggunaannya       dan   dihitung   dengan                         using the straight-line method based on the
                menggunakan metode garis lurus berdasarkan                          estimated useful lives of the assets as follows:
                estimasi umur manfaat ekonomis sebagai
                berikut:

                                                           Tahun/Years
                Bangunan                                          20                                                             Building
                Komputer dan perlengkapannya                     4-5                                          Computer and equipment
                Peralatan dan perabotan kantor                   4-8                                         Office furniture and fixtures
                Kendaraan                                        4-8                                                            Vehicles
                Peralatan jaringan                               8 - 15                                              Network equipment

                Jumlah tercatat aset tetap dihentikan                               An item of fixed asset is derecognized upon
                pengakuannya pada saat dilepaskan atau saat                         disposal or when no future economic benefits
                tidak ada manfaat ekonomis masa depan yang                          are expected from its use or disposal. Any gain
                diharapkan       dari    penggunaan     atau                        or loss arising on derecognition of the asset
                pelepasannya. Laba atau rugi yang timbul dari                       (calculated as the difference between the net
                penghentian pengakuan aset (dihitung sebagai                        disposal proceeds and the carrying amount of
                perbedaan antara jumlah neto hasil pelepasan                        the asset) is included in consolidated
                dan jumlah tercatat dari aset) dimasukkan                           statement of profit or loss and other
                dalam laporan laba rugi dan penghasilan                             comprehensive income in the year the asset is
                komprehensif lain konsolidasian pada tahun                          derecognized.
                aset tersebut dihentikan pengakuannya.




                                                                 25

252   PT Indoritel Makmur Internasional Tbk                                                        Laporan Tahunan 2025 Annual Report
Page 255
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                         As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

       g.   Aset Tetap (lanjutan)                                         g. Fixed Assets (continued)

            Pada setiap akhir tahun, nilai residu, umur                        The asset’s residual values, useful lives and
            manfaat dan metode penyusutan direviu, dan                         methods of depreciation are reviewed, and
            jika diperlukan disesuaikan secara prospektif.                     adjusted prospectively if appropriate, at each
                                                                               financial year end.

            Nilai tercatat aset tetap direviu atas penurunan                   The carrying amounts of fixed assets are
            nilai jika terjadi peristiwa atau perubahan                        reviewed for impairment when events or
            keadaan yang mengindikasikan bahwa nilai                           changes in circumstances indicate that the
            tercatat mungkin tidak dapat seluruhnya                            carrying values may not be fully recoverable.
            terealisasi.

            Tanah dinyatakan sebesar biaya perolehan dan                       Land is stated at cost and not depreciated.
            tidak disusutkan.

            Biaya pengurusan legal hak atas tanah ketika                       The legal cost of land rights when the land was
            tanah diperoleh pertama kali diakui sebagai                        acquired initially is recognized as part of the
            bagian dari biaya perolehan tanah pada akun                        cost of the land under the “Fixed Assets”
            “Aset Tetap” dan tidak diamortisasi. Sementara                     account and not amortized. Meanwhile the
            biaya pengurusan atas perpanjangan atau                            extension or the legal renewal costs of land
            pembaruan legal hak atas tanah diakui sebagai                      rights are recognized as part of “Other non-
            bagian dari akun “Aset keuangan tidak lancar                       current financial assets” account in the
            lainnya” pada laporan posisi keuangan                              consolidated statement of financial position
            konsolidasi dan diamortisasi sepanjang mana                        and are amortized over the shorter of the
            yang lebih pendek antara umur hukum hak dan                        rights' legal life and land's economic life.
            umur ekonomis tanah.

            Beban       pemeliharaan   dan     perbaikan                       Repairs and maintenance expenses are
            dibebankan pada laba rugi pada saat                                charged to the profit or loss when these are
            terjadinya.    Beban     pemugaran        dan                      incurred. The cost of major renovation and
            penambahan dalam jumlah besar dikapitalisasi                       restoration is capitalized in the carrying
            kepada jumlah tercatat aset tetap terkait bila                     amount of the related fixed asset if recognition
            memenuhi kriteria pengakuan.                                       criteria are satisfied.

       h.   Aset Takberwujud                                              h.    Intangible Assets

            Aset takberwujud yang diperoleh secara                             Intangible assets acquired separately are
            terpisah diukur pada pengakuan awal sebesar                        measured on initial recognition at cost. The
            biaya perolehan. Biaya perolehan aset                              cost of intangible assets acquired in a
            takberwujud yang berasal dari kombinasi bisnis                     business combination is their fair value at the
            adalah nilai wajar pada tanggal akuisisi. Setelah                  date of acquisition. Following initial
            pengakuan awal, aset takberwujud dinyatakan                        recognition, intangible assets are carried at
            pada biaya perolehan dikurangi dengan                              cost less any accumulated amortization and
            akumulasi amortisasi dan akumulasi rugi                            accumulated impairment losses, except for
            penurunan nilai, kecuali untuk goodwill yang                       goodwill which are carried at their fair value at
            dinyatakan pada nilai wajar pada tanggal                           the date of acquisitions less any impairment
            akuisisi dengan dikurangi penurunan nilai.                         losses.

            Aset takberwujud yang dihasilkan dari                               Internally generated intangible assets,
            pengembangan       secara    internal,   diluar                     excluding capitalized development cost, are
            kapitalisasi biaya pengembangan, tidak                              not capitalized and the related expenditure is
            dikapitalisasi dan biaya tersebut diakui pada                       reflected in proft or loss in the period in which
            laba rugi dalam periode dimana biaya tersebut                       the expenditure is incurred.
            terjadi.


                                                                26

     Laporan Tahunan 2025 Annual Report                                                        PT Indoritel Makmur Internasional Tbk         253
Page 256
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                              FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

           h.   Aset Takberwujud (lanjutan)                                  h.    Intangible Assets (continued)

                Umur manfaat aset takberwujud dinilai sebagai                      The useful lives of intangible assets are
                terbatas atau tidak terbatas. Aset takberwujud                     assessed as either finite or indefinite.
                dengan umur manfaat terbatas diamortisasi                          Intangible assets with finite lives are
                sesuai umur manfaat ekonomis dan diuji untuk                       amortized over the useful economic lives and
                penurunan nilai jika terdapat indikasi bahwa                       assessed for impairment whenever there is an
                aset takberwujud mengalami penurunan nilai.                        indication that the intangible assets may be
                Periode dan metode            amortisasi aset                      impaired. The amortization period and the
                takberwujud dengan umur manfaat terbatas                           amortization method for an intangible asset
                ditelaah sekurang-kurangnya pada setiap akhir                      with a finite useful life are reviewed at least at
                periode pelaporan. Perubahan pada perkiraan                        the end of each reporting period. Changes in
                umur manfaat atau pola konsumsi manfaat                            the expected useful life or the expected
                ekonomi masa depan dari aset tersebut                              pattern of consumption of future economic
                dijadikan pertimbangan dalam mengubah                              benefits embodied in the asset are considered
                periode    atau    metode     amortisasi  dan                      to modify the amortization period or method,
                diperlakukan sebagai perubahan estimasi                            as appropriate, and are treated as changes in
                akuntansi.                                                         accounting estimates.

                Beban amortisasi aset takberwujud dengan                          The amortization expense of intangible assets
                umur manfaat terbatas dicatat sebagai beban                       with finite lives is recognized in the profit or
                pada laba rugi sesuai dengan fungsi aset                          loss as the expense category that is consistent
                takberwujud tersebut.                                             with the function of the intangible assets.

                Aset takberwujud dengan umur manfaat tidak                        Intangible assets with indefinite useful lives
                terbatas tidak diamortisasi, tetapi diuji setiap                  are not amortized, but are tested for
                tahun untuk penurunan nilai, secara individual                    impairment annually, either individually or at
                atau pada tingkat unit penghasil kas. Umur                        the cash-generating unit level. The useful life
                manfaat aset takberwujud yang tidak                               of an intangible asset that is not being
                diamortisasi ditelaah setiap periode untuk                        amortized shall be reviewed each period to
                menentukan apakah peristiwa dan kondisi                           determine whether events and circumstances
                dapat terus mendukung penilaian bahwa umur                        continue to support an indefinite useful life
                manfaat tetap tidak terbatas. Jika tidak, maka                    assessment for that asset. If not, the change
                perubahan umur manfaat dari tidak terbatas                        in useful life from indefinite to finite is made on
                menjadi terbatas diterapkan secara prospektif.                    a prospective basis.

                Laba atau rugi yang timbul dari penghentian                        Gains or losses arising from derecognition of
                pengakuan aset takberwujud dihitung sebagai                        an intangible asset are measured as the
                selisih antara jumlah neto hasil pelepasan dan                     difference between the net disposal proceeds
                jumlah tercatat aset takberwujud dan diakui                        and the carrying amount of the asset and are
                dalam laba rugi pada saat aset takberwujud                         recognized in the profit or loss when the asset
                tersebut dihentikan pengakuannya.                                  is derecognized.




                                                                   27

254   PT Indoritel Makmur Internasional Tbk                                                      Laporan Tahunan 2025 Annual Report
Page 257
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                   PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                            As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                    For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                        (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.    SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                                   POLICIES INFORMATION (continued)

       h.   Aset Takberwujud (lanjutan)                                      h.    Intangible Assets (continued)

            Biaya penelitian dibebankan saat terjadinya.                          Research costs are expensed as incurred.
            Biaya pengembangan untuk masing-masing                                Development expenditures on an individual
            proyek diakui sebagai aset takberwujud pada                           project are recognized as an intangible asset
            saat Grup dapat menunjukkan:                                          when the Group can demonstrates:
             Kelayakan teknis penyelesaian aset                                   The technical feasibility of completing the
               takberwujud tersebut sehingga aset tersebut                           intangible asset so that the asset will be
               dapat digunakan atau dijual;                                          available for use or sale;
             Niat untuk menyelesaikan aset takberwujud                            Its intention to complete and its ability to
               tersebut dan menggunakannya atau                                      use or sell the asset;
               menjualnya;
             Bagaimana       aset    takberwujud     akan                         How the intangible asset will generate
               menghasilkan kemungkinan besar manfaat                               future economic benefits;
               ekonomi masa depan;
             Tersedianya      sumber       daya     untuk                         The availability of resources to complete
               menyelesaikan       pengembangan        aset                         the asset;
               takberwujud;
             Kemampuan untuk mengukur secara andal                                The ability to measure reliably the
               pengeluaran selama pengembangannya.                                  expenditure of the related intangible assets
                                                                                    during the development.

            Setelah pengakuan awal biaya pengembangan                              Following     initial  recognition    of   the
            sebagai aset, aset takberwujud tersebut dicatat                        development expenditure as an asset, the
            pada biaya perolehannya dikurangi akumulasi                            asset is carried at cost less any accumulated
            amortisasi dan akumulasi rugi penurunan nilai.                         amortization and accumulated impairment
            Amortisasi    aset     dimulai   pada      saat                        losses. Amortization of the asset begins when
            pengembangan sudah selesai dan aset siap                               development is complete and the asset is
            untuk dipakai. Aset tersebut diamortisasi                              available for use. It is amortized over the
            selama masa manfaat yang diharapkan di masa                            period of expected future benefit. During the
            depan. Selama tahap pengembangan, aset diuji                           period of development, the asset is tested for
            penurunan nilainya setiap tahun.                                       impairment annually.

            Ringkasan kebijakan yang diterapkan untuk                             The summary of the policies applied to the
            aset takberwujud milik Grup adalah sebagai                            Group’s intangible assets are as follows:
            berikut:

                                                 Goodwill/           Perangkat lunak/
                                                 Goodwill               Software

            Umur manfaat                      Tidak terbatas/         4 tahun/4 years                                            Useful lives
                                                 Indefinite

            Metode amortisasi                Tidak diamortisasi        Garis lurus/                                   Amortization method
                                               Not amortized           Straight-line
            Diperoleh melalui                    Akuisisi/               Akuisisi/                                  Acquired by generated
                                                Acquisition             Acquisition




                                                                28

     Laporan Tahunan 2025 Annual Report                                                           PT Indoritel Makmur Internasional Tbk         255
Page 258
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

           i.   Investasi pada Entitas Asosiasi dan Ventura                   i.    Investment         in    Associates        and      Joint
                Bersama                                                             Ventures

                Entitas     asosiasi   adalah     entitas   yang                    An associate is an entity over which the Group
                terhadapnya       Grup    memiliki      pengaruh                    has significant influence. Significant influence
                signifikan.    Pengaruh     signifikan    adalah                    is the power to participate in the financial and
                kekuasaan       untuk    berpartisipasi    dalam                    operating policy decisions of the investee, but
                keputusan       kebijakan     keuangan        dan                   is not control or joint control over those
                operasional       investee,      tetapi     tidak                   policies.
                mengendalikan atau mengendalikan bersama
                atas kebijakan tersebut.

                Ventura bersama adalah jenis pengaturan                             A joint venture is a type of joint arrangement
                bersama dimana pihak-pihak yang memiliki                            whereby the parties that have joint control of
                pengendalian bersama atas pengaturan                                the arrangement have rights to the net assets
                tersebut memiliki hak atas aset bersih ventura                      of the joint venture. Joint control is the
                bersama tersebut. Pengendalian bersama                              contractually agreed sharing of control of an
                adalah pembagian pengendalian yang disetujui                        arrangement, which exists only when
                secara kontrak dari suatu perjanjian, yang                          decisions about the relevant activities require
                hanya ada bila keputusan tentang kegiatan                           the unanimous consent of the parties sharing
                yang relevan memerlukan persetujuan penuh                           control.
                dari pihak-pihak yang memiliki pengendalian
                bersama.

                Pertimbangan yang dibuat dalam menentukan                           The considerations made in determining
                pengaruh    signifikan    atau   pengendalian                       significant influence or joint control are similar
                bersama adalah serupa dengan yang                                   to those necessary to determine control over
                diperlukan untuk menentukan pengendalian                            subsidiaries. The Group’s investments in its
                atas anak entitas. Investasi Grup pada entitas                      associate and joint venture are accounted for
                asosiasi dan ventura bersama dicatat dengan                         using the equity method.
                menggunakan metode ekuitas.

                Sesuai dengan metode ekuitas, investasi pada                        Under the equity method, the investment in
                entitas asosiasi dan ventura bersama pada                           the associate and joint venture is initially
                awalnya diakui sebesar biaya perolehan. Nilai                       recognized at cost. The carrying amount of
                tercatat investasi disesuaikan untuk mengakui                       the investment is adjusted to recognize
                perubahan bagian Grup atas aset neto entitas                        changes in the Group share of net assets of
                asosiasi dan ventura bersama sejak tanggal                          the associate and joint venture since the
                akuisisi. Goodwill sehubungan dengan entitas                        acquisition date. Goodwill relating to the
                asosiasi atau ventura bersama termasuk dalam                        associate or joint venture is included in the
                nilai tercatat investasi dan tidak diuji untuk                      carrying amount of the investment and is not
                penurunan nilai secara terpisah.                                    tested for impairment separately.

                Laporan     laba    rugi   dan    penghasilan                       The consolidated statement of profit or loss
                komprehensif lain konsolidasian mencerminkan                        and other comprehensive income reflect the
                bagian atas hasil usaha dari entitas asosiasi                       results of operations of the associates and
                dan ventura bersama. Bila terdapat perubahan                        joint venture. If there has been a change
                yang diakui langsung pada ekuitas dari entitas                      recognized directly in the equity of the
                asosiasi dan ventura bersama, Grup mengakui                         associates and joint venture, the Group
                bagiannya atas perubahan tersebut dan                               recognize their share of such change and
                mengungkapkan hal ini, dalam laporan                                disclose this, in the consolidated statement of
                perubahan ekuitas konsolidasian.                                    changes in equity.




                                                                    29

256   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 259
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

       i.   Investasi pada Entitas Asosiasi dan Ventura                  i.    Investment in Associates                   and      Joint
            Bersama (lanjutan)                                                 Ventures (continued)

            Grup mengakui laba perusahaan asosiasi dan                         The Group recognizes share in profit of an
            ventura bersama yang ditunjukkan dalam                             associate and joint venture is shown in the
            laporan   laba    rugi      dan    penghasilan                     consolidated statement of profit or loss and
            komprehensif lain konsolidasian. Ini adalah                        other comprehensive income. This is the profit
            keuntungan yang dapat diatribusikan kepada                         attributable to owners of the associate and
            pemilik perusahaan asosiasi dan ventura                            joint venture, and, therefore, is profit after tax.
            bersama, oleh karena itu, laba setelah pajak.

            Laba atau rugi yang belum terealisasi sebagai                      Unrealized gains or losses resulting from
            hasil dari transaksi-transaksi antara Grup                         transactions between the Group and the
            dengan entitas asosiasi dan ventura bersama                        associates and joint venture are eliminated to
            dieliminasi sesuai dengan jumlah kepentingan                       the extent of the Company’s interest in the
            Perusahaan dalam entitas asosiasi.                                 associates.

            Laporan keuangan entitas asosiasi dan ventura                      The financial statements of the associate and
            bersama disusun untuk periode pelaporan yang                       joint venture are prepared for the same
            sama     dengan   Grup.    Bila    diperlukan,                     reporting period as the Group. When
            penyesuaian dilakukan untuk menerapkan                             necessary, adjustments are made to bring the
            kebijakan akuntansi sesuai dengan kebijakan                        accounting policies in line with those of the
            Grup.                                                              Group.

            Setelah penerapan metode ekuitas Grup                              After application of the equity method, the
            menentukan       apakah     diperlukan    untuk                    Group determines whether it is necessary to
            mengakui      rugi   penurunan      nilai  atas                    recognize an impairment loss on investment
            investasinya dalam entitas asosiasi dan ventura                    in their associates and joint venture. At each
            bersama. Pada setiap akhir periode pelaporan,                      reporting date, the Group determines whether
            Grup menentukan apakah terdapat bukti yang                         there is any objective evidence that the
            objektif bahwa investasi dalam entitas asosiasi                    investment in the associates and joint venture
            dan ventura bersama mengalami penurunan                            is impaired. If there is such evidence, the
            nilai. Jika ada bukti penurunan nilai tersebut,                    Group calculates the amount of impairment as
            Grup menghitung jumlah penurunan nilai                             the difference between the recoverable
            berdasarkan selisih antara jumlah terpulihkan                      amount of the associates and joint venture,
            dari entitas asosiasi dan ventura bersama                          and its carrying value, and then recognizes
            dengan nilai tercatatnya, dan kemudian                             the loss in “Share of profit of associates and
            mengakui rugi penurunan tersebut dalam                             joint venture” in the consolidated statement of
            “Bagian laba dari entitas asosiasi dan ventura                     profit or loss and other comprehensive
            bersama” dalam laporan laba rugi dan                               income.
            penghasilan komprehensif lain konsolidasian.

            Setelah kehilangan pengaruh signifikan atas                        Upon loss of significant influence over the
            entitas asosiasi atau pengendalian bersama                         associate or joint control over the joint
            atas ventura bersama tersebut, Grup mengukur                       venture, the Group measures and recognizes
            dan mengakui investasi yang ditahan pada nilai                     any retained investment at its fair value. Any
            wajarnya. Selisih antara jumlah tercatat entitas                   difference between the carrying amount of the
            asosiasi atau ventura bersama dengan                               associate or joint venture upon loss of
            kehilangan     pengaruh      signifikan    atau                    significant influence or joint control and the fair
            pengendalian bersama dan nilai wajar investasi                     value of the retained investment and proceeds
            yang ditahan dan hasil pelepasan diakui dalam                      from disposal is recognized in profit or loss.
            laba rugi.




                                                               30

     Laporan Tahunan 2025 Annual Report                                                       PT Indoritel Makmur Internasional Tbk         257
Page 260
                                                                           The original consolidated financial statements included herein are in
                                                                                                                      the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

           j.   Sewa                                                            j.   Leases

                Grup menilai pada awal kontrak apakah suatu                          The Group assesses at contract inception
                kontrak merupakan, atau mengandung, sewa.                            whether a contract is, or contains, a lease.
                Artinya, jika kontrak memberikan hak untuk                           That is, if the contract conveys the right to
                mengendalikan penggunaan aset teridentifikasi                        control the use of an identified asset for a
                selama suatu jangka waktu untuk dipertukarkan                        period of time in exchange for consideration.
                dengan imbalan.

                Grup sebagai Lessee                                                  Group as Lessee

                Grup menerapkan satu pendekatan pengakuan                            The Group applies a single recognition and
                dan pengukuran bagi seluruh sewa, kecuali                            measurement approach for all leases, except
                untuk sewa jangka pendek dan sewa aset                               for short-term leases and leases of low-value
                bernilai rendah. Grup mengakui liabilitas sewa                       assets. The Group recognizes lease liabilities
                untuk melakukan pembayaran sewa dan aset                             to make lease payments and right-of-use
                hak-guna yang merupakan hak untuk                                    assets representing the right to use the
                menggunakan aset pendasar.                                           underlying assets.

                Aset hak-guna                                                        Right-of-use assets

                Grup mengakui aset hak-guna pada tanggal                             The Group recognizes right-of-use assets at
                permulaan sewa (yaitu tanggal aset tersedia                          the commencement date of the lease (i.e., the
                untuk digunakan). Aset hak-guna diukur pada                          date the underlying asset is available for use).
                harga       perolehan,   dikurangi   akumulasi                       Right-of-use assets are measured at cost, less
                penyusutan dan penurunan nilai, dan                                  any accumulated depreciation and impairment
                disesuaikan untuk setiap pengukuran kembali                          losses, and adjusted for any remeasurement of
                liabilitas sewa. Biaya perolehan aset hak-guna                       lease liabilities. The cost of right-of-use assets
                mencakup jumlah liabilitas sewa yang diakui,                         includes the amount of lease liabilities
                biaya langsung yang timbul diawal, dan                               recognized, initial direct costs incurred, and
                pembayaran sewa yang dilakukan pada atau                             lease payments made at or before the
                sebelum tanggal mulai dikurangi setiap insentif                      commencement date less any lease incentives
                sewa yang diterima. Aset hak-guna disusutkan                         received. Right-of-use assets are depreciated
                dengan metode garis lurus selama periode                             on a straight-line basis over the shorter of the
                yang lebih pendek antara sewa dan estimasi                           lease term and the estimated useful lives of the
                masa manfaat aset, sebagai berikut:                                  assets, as follows:

                                                            Tahun/Years
                Bangunan                                          3 - 15                                                       Building
                Komputer dan perlengkapannya                      1-2                                           Computer and equipment
                Kendaraan                                         1-2                                                          Vehicles
                Peralatan jaringan                                8 - 15                                            Network equipment




                                                                  31

258   PT Indoritel Makmur Internasional Tbk                                                          Laporan Tahunan 2025 Annual Report
Page 261
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

       j.   Sewa (lanjutan)                                           j.   Leases (continued)

            Grup sebagai Lessee (lanjutan)                                 Group as Lessee (continued)

            Aset hak-guna (lanjutan)                                       Right-of-use assets (continued)

            Jika kepemilikan aset sewaan beralih ke Grup                   If ownership of the leased asset transfers to
            pada akhir masa sewa atau biaya perolehan                      the Group at the end of the lease term or the
            mencerminkan      pelaksanaan   opsi    beli,                  cost reflects the exercise of a purchase option,
            penyusutan dihitung dengan menggunakan                         depreciation is calculated using the estimated
            estimasi masa manfaat aset.                                    useful life of the asset.

            Aset hak-guna juga mengalami penurunan nilai.                  The right-of-use assets are also subject to
            Lihat kebijakan akuntansi pada bagian 2k                       impairment. Refer to the accounting policies in
            Penurunan nilai aset non-keuangan.                             section 2k Impairment of non-financial assets.

            Liabilitas sewa                                                Lease liabilities

            Pada tanggal dimulainya sewa, Grup mengakui                    At the commencement date of the lease, the
            liabilitas sewa yang diukur pada nilai kini                    Group recognizes lease liabilities measured at
            pembayaran sewa yang harus dilakukan                           the present value of lease payments to be
            selama masa sewa. Pembayaran sewa                              made over the lease term. The lease payments
            mencakup pembayaran tetap (termasuk                            include fixed payments (including in-substance
            pembayaran tetap secara substansi) dikurangi                   fixed payments) less any lease incentives
            piutang insentif sewa, pembayaran sewa                         receivable, variable lease payments that
            variabel yang bergantung pada indeks atau                      depend on an index or a rate, and amounts
            suku bunga, dan jumlah yang diharapkan akan                    expected to be paid under residual value
            dibayar dalam jaminan nilai residual.                          guarantees. The lease payments also include
            Pembayaran sewa juga mencakup harga                            the exercise price of a purchase option
            eksekusi opsi beli yang cukup pasti akan                       reasonably certain to be exercised by the
            dieksekusi oleh Grup, dan pembayaran penalti                   Group and payments of penalties for
            karena penghentian sewa, jika masa sewa                        terminating the lease, if the lease term reflects
            merefleksikan Grup mengeksekusi opsi untuk                     the Group exercising the option to terminate.
            menghentikan sewa. Pembayaran sewa                             Variable lease payments that do not depend
            variabel yang tidak bergantung pada indeks                     on an index or a rate are recognized as
            atau suku bunga diakui sebagai beban (kecuali                  expenses (unless they are incurred to produce
            terjadi untuk menghasilkan persediaan) pada                    inventories) in the period in which the event or
            periode di mana peristiwa atau kondisi yang                    condition that triggers the payment occurs.
            memicu terjadinya pembayaran.




                                                            32

     Laporan Tahunan 2025 Annual Report                                                    PT Indoritel Makmur Internasional Tbk         259
Page 262
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

           j.   Sewa (lanjutan)                                               j.   Leases (continued)

                Grup sebagai Lessee (lanjutan)                                     Group as Lessee (continued)

                Liabilitas sewa (lanjutan)                                         Lease liabilities (continued)

                Dalam menghitung nilai kini pembayaran sewa,                       In calculating the present value of lease
                Grup menggunakan suku bunga pinjaman                               payments, the Group uses its incremental
                inkremental pada tanggal dimulainya sewa                           borrowing rate at the lease commencement
                karena tingkat bunga implisit dalam sewa tidak                     date because the interest rate implicit in the
                dapat segera ditentukan. Setelah tanggal                           lease is not readily determinable. After the
                permulaan, jumlah liabilitas sewa ditingkatkan                     commencement date, the amount of lease
                untuk merefleksikan penambahan bunga dan                           liabilities is increased to reflect the accretion of
                mengurangi pembayaran sewa yang dilakukan.                         interest and reduced for the lease payments
                Selain itu, nilai tercatat liabilitas sewa diukur                  made. In addition, the carrying amount of lease
                kembali jika ada modifikasi, perubahan masa                        liabilities is remeasured if there is a
                sewa, perubahan pembayaran sewa (misalnya,                         modification, a change in the lease term, a
                perubahan pembayaran masa depan akibat                             change in the lease payments (e.g., changes
                perubahan indeks atau suku bunga yang                              to future payments resulting from a change in
                digunakan untuk pembayaran sewa) atau                              an index or rate used to determine such lease
                perubahan penilaian opsi untuk membeli aset                        payments) or a change in the assessment of
                pendasar.                                                          an option to purchase the underlying asset.

                Liabilitas sewa Grup termasuk dalam utang dan                      The Group’s lease liabilities are included in
                pinjaman berbunga (lihat Catatan 2f).                              interest-bearing loans and borrowings (see
                                                                                   Note 2f).

                Sewa jangka pendek dan sewa aset bernilai                          Short-term leases and leases of low-value
                rendah                                                             assets

                Grup menerapkan pengecualian pengakuan                             The Group applies the short-term lease
                sewa jangka pendek untuk sewa mesin dan                            recognition exemption to its short-term leases
                peralatan jangka pendeknya (yaitu, sewa yang                       of machinery and equipment (i.e., those leases
                memiliki jangka waktu sewa 12 bulan atau                           that have a lease term of 12 months or less
                kurang, dari tanggal permulaan dan tidak                           from the commencement date and do not
                mengandung opsi beli). Hal ini juga berlaku                        contain a purchase option). It also applies the
                untuk pengecualian pengakuan sewa aset                             lease of low-value assets recognition
                bernilai rendah untuk sewa peralatan kantor                        exemption to leases of office equipment that
                yang dianggap bernilai rendah. Pembayaran                          are considered to be low value. Lease
                sewa untuk sewa jangka pendek dan sewa dari                        payments on short-term leases and leases of
                aset bernilai rendah diakui sebagai beban                          low-value assets are recognized as expense
                dengan metode garis lurus selama masa sewa.                        on a straight-line basis over the lease term.




                                                                    33

260   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 263
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                  PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                           As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                   For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                       (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

       k.   Penurunan Nilai Aset Non-keuangan                               k. Impairment of Non-financial Assets

            Pada setiap akhir periode pelaporan, Grup                            The Group assesses at each reporting period
            menilai apakah terdapat indikasi suatu aset                          whether there is an indication that an asset
            mengalami penurunan nilai. Jika terdapat                             may be impaired. If such indication exists, or
            indikasi tersebut atau pada saat pengujian                           when annual impairment testing for an asset
            tahunan atas penurunan nilai aset tertentu                           (i.e. an intangible asset with an indefinite
            (yaitu aset takberwujud dengan umur manfaat                          useful life, an intangible asset not yet available
            tidak terbatas, aset takberwujud yang belum                          for use, or goodwill acquired in a business
            dapat digunakan, atau goodwill yang diperoleh                        combination) is required, the Group makes an
            dalam suatu kombinasi bisnis) diperlukan,                            estimate of the asset’s recoverable amount.
            maka Grup membuat estimasi atas jumlah
            terpulihkan aset tersebut.

            Jumlah terpulihkan yang ditentukan untuk aset                        An asset’s recoverable amount is the higher of
            individual adalah jumlah yang lebih tinggi antara                    an asset’s or Cash-Generating Unit (“CGU”)’s
            nilai wajar aset atau Unit Penghasil Kas (“UPK”)                     fair value less costs to sell and its value in use,
            dikurangi biaya untuk menjual dengan nilai                           and is determined for an individual asset,
            pakainya, kecuali aset tersebut tidak                                unless the asset does not generate cash
            menghasilkan arus kas masuk yang sebagian                            inflows that are largely independent of those
            besar independen dari aset atau kelompok aset                        from other assets or groups of assets. Where
            lain. Jika nilai tercatat aset lebih besar daripada                  the carrying amount of an asset exceeds its
            nilai terpulihkannya, maka aset tersebut                             recoverable amount, the asset is considered
            dianggap mengalami penurunan nilai dan nilai                         impaired and is written down to its recoverable
            tercatat aset diturunkan menjadi sebesar nilai                       amount.
            terpulihkannya.

            Grup mendasarkan perhitungan penurunan                              The Group bases its impairment calculation on
            nilai pada rincian perhitungan anggaran atau                        detailed budgets and forecast calculations
            prakiraan yang disusun secara terpisah untuk                        which are prepared separately for each of the
            masing-masing UPK Grup atas aset individual                         Group’s CGUs to which the individual assets
            yang dialokasikan. Perhitungan anggaran dan                         are allocated. These budgets and forecast
            prakiraan ini secara umum mencakup periode                          calculations are generally covering a period of
            selama lima atau sepuluh tahun sesuai dengan                        five or ten years in accordance with the stability
            stabilitas arus kas perkebunan terkait. Setelah                     of each estate’s cash flows. Beyond the
            periode yang dianggarkan proyeksi arus kas                          forecasted period, the estimated cash flows
            diestimasi dengan melakukan ekstrapolasi                            are determined by extrapolating the forecasted
            proyeksi      yang     dianggarkan      dengan                      cash flows using a steady long term growth
            menggunakan tingkat pertumbuhan jangka                              rate.
            panjang yang tetap.

            Dalam menghitung nilai pakai, estimasi arus                         In assessing the value in use, the estimated
            kas masa depan neto didiskontokan ke nilai kini                     net future cash flows are discounted to their
            dengan     menggunakan        tingkat diskonto                      present value using a pre-tax discount rate that
            sebelum pajak yang menggambarkan penilaian                          reflects current market assessments of the
            pasar kini dari nilai waktu uang dan risiko                         time value of money and the risks specific to
            spesifik atas aset. Dalam menentukan nilai                          the asset. In determining fair value less costs
            wajar dikurangi biaya untuk menjual, digunakan                      to sell, recent market transactions are taken
            harga penawaran pasar terakhir, jika tersedia.                      into account, if available. If no such
            Jika tidak terdapat transaksi tersebut, Grup                        transactions can be identified, an appropriate
            menggunakan model penilaian yang sesuai                             valuation model is used to determine the fair
            untuk    menentukan       nilai    wajar  aset.                     value of the assets. These calculations are
            Perhitungan-perhitungan ini dikuatkan oleh                          corroborated by valuation multiples or other
            penilaian berganda atau indikator nilai wajar                       available fair value indicators.
            yang tersedia.


                                                                  34

     Laporan Tahunan 2025 Annual Report                                                          PT Indoritel Makmur Internasional Tbk         261
Page 264
                                                                           The original consolidated financial statements included herein are in
                                                                                                                      the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

           k.   Penurunan        Nilai        Aset   Non-keuangan               k. Impairment            of     Non-financial          Assets
                (lanjutan)                                                         (continued)

                Kerugian penurunan nilai dari operasi yang                          Impairment losses of continuing operations, if
                berkelanjutan, jika ada, diakui pada laba rugi                      any, are recognized in the profit or loss in those
                sesuai dengan kategori biaya yang konsisten                         expense categories consistent with the
                dengan fungsi dari aset yang diturunkan                             functions of the impaired asset.
                nilainya.

                Untuk aset selain goodwill, penilaian dilakukan                      For assets excluding goodwill, an assessment
                pada akhir setiap tanggal pelaporan apakah                           is made at each reporting date as to whether
                terdapat indikasi bahwa rugi penurunan nilai                         there is any indication that previously
                yang telah diakui dalam tahun sebelumnya                             recognized impairment losses may no longer
                mungkin tidak ada lagi atau mungkin telah                            exist or may have decreased. If such indication
                menurun. Jika indikasi dimaksud ditemukan,                           exists, the asset’s or CGU’s recoverable
                maka entitas mengestimasi jumlah terpulihkan                         amount is estimated. A previously recognized
                aset atau UPK tersebut. Kerugian penurunan                           impairment loss for an asset other than
                nilai yang telah diakui dalam tahun sebelumnya                       goodwill is reversed only if there has been a
                untuk aset selain goodwill dibalik hanya jika                        change in the assumptions used to determine
                terdapat perubahan asumsi-asumsi yang                                the asset’s recoverable amount since the last
                digunakan       untuk     menentukan       jumlah                    impairment loss was recognized. If that is
                terpulihkan aset tersebut sejak rugi penurunan                       the case, the carrying amount of the asset is
                nilai terakhir diakui. Dalam hal ini, jumlah                         increased to its recoverable amount. The
                tercatat     aset     dinaikkan     ke     jumlah                    reversal is limited so that the carrying amount
                terpulihkannya. Pembalikan tersebut dibatasi                         of the assets does not exceed its recoverable
                sehingga jumlah tercatat aset tidak melebihi                         amount, nor exceed the carrying amount that
                jumlah terpulihkannya maupun jumlah tercatat,                        would have been determined, net of
                neto setelah penyusutan, seandainya tidak ada                        depreciation, had no impairment loss been
                rugi penurunan nilai yang telah diakui untuk                         recognized for the asset in prior periods/years.
                aset tersebut pada periode/tahun sebelumnya.                         Reversal of an impairment loss is recognized
                Pembalikan rugi penurunan nilai diakui pada                          in the profit or loss. After such a reversal, the
                laba rugi. Setelah pembalikan tersebut,                              depreciation charge on the said asset is
                penyusutan aset tersebut disesuaikan di                              adjusted in future periods to allocate the
                periode mendatang untuk mengalokasikan                               asset’s revised carrying amount, less any
                jumlah tercatat aset yang direvisi, dikurangi nilai                  residual value, on a systematic basis over its
                sisanya, dengan dasar yang sistematis selama                         remaining useful life.
                sisa umur manfaatnya.

                Goodwill diuji untuk penurunan nilai setiap akhir                    Goodwill is tested for impairment annually and
                tahun dan ketika terdapat suatu indikasi bahwa                       when circumstances indicate that the carrying
                nilai tercatatnya mengalami penurunan nilai.                         value may be impaired. Impairment is
                Penurunan nilai bagi goodwill ditetapkan                             determined for goodwill by assessing the
                dengan menentukan jumlah terpulihkan tiap                            recoverable amount of each CGU (or group of
                UPK (atau kelompok UPK) dimana goodwill                              CGUs) to which the goodwill relates. If the
                terkait. Jika jumlah terpulihkan UPK kurang dari                     recoverable amount of the CGU is less than its
                jumlah tercatatnya, maka rugi penurunan nilai                        carrying amount, an impairment loss is
                diakui. Rugi penurunan nilai terkait goodwill                        recognized. Impairment losses relating to
                tidak dapat dibalik pada tahun berikutnya.                           goodwill cannot be reversed in future years.




                                                                      35

262   PT Indoritel Makmur Internasional Tbk                                                         Laporan Tahunan 2025 Annual Report
Page 265
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                         As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

       l.   Provisi                                                       l.   Provisions

            Provisi diakui jika Grup memiliki kewajiban kini                   Provisions are recognized when the Group has
            (baik bersifat hukum maupun bersifat                               a present obligation (legal or constructive)
            konstruktif) jika, sebagai akibat peristiwa masa                   where, as a result of a past event, it is probable
            lalu, besar kemungkinannya penyelesaian                            that an outflow of resources embodying
            kewajiban tersebut mengakibatkan arus keluar                       economic benefits will be required to settle the
            sumber daya yang mengandung manfaat                                obligation and a reliable estimate can be made
            ekonomi dan total kewajiban tersebut dapat                         of the amount of the obligation.
            diestimasi secara andal.

            Provisi ditelaah pada setiap tanggal pelaporan                     Provisions are reviewed at each reporting date
            dan disesuaikan untuk mencerminkan estimasi                        and adjusted to reflect the current best
            terbaik yang paling kini. Jika arus keluar sumber                  estimate. If it is no longer probable that an
            daya     untuk     menyelesaikan        kewajiban                  outflow of resources embodying economic
            kemungkinan besar tidak terjadi, maka provisi                      benefits will be required to settle the obligation,
            dibatalkan.                                                        the provisions are reversed.

       m. Pengakuan Pendapatan dan Beban                                  m. Revenue and Expense Recognition

            Pendapatan dari kontrak dengan pelanggan                           Revenue from contracts with customers

            Pendapatan diakui bila besar kemungkinan                           Revenue is recognized to the extent that it is
            manfaat ekonomi akan diperoleh oleh Grup                           probable that the economic benefits will flow to
            dimana jumlahnya dapat diukur secara andal                         the Group and the revenue can be reliably
            tanpa memperhitungkan kapan pembayaran                             measured, regardless of when the payment is
            dilakukan. Pendapatan diukur pada nilai wajar                      being made. Revenue is measured at the fair
            pembayaran yang diterima atau dapat diterima,                      value of the consideration received or
            tidak termasuk diskon, rabat dan Pajak                             receivable, excluding discounts, rebates and
            Pertambahan Nilai (“PPN”).                                         Value Added Taxes (“VAT”).

            Pendapatan Grup merupakan pendapatan dari                          Revenue of the Group are revenue from
            produk       layanan      sambungan         data                   optical fiber-based telecommunication data
            telekomunikasi berbasis serat optik untuk                          connection services for business customers,
            pelanggan bisnis, pelanggan rumahan dan                            for home (fiber to the home) / broadband FTTH
            layanan digital lain yang terdiri dari last mile                   customers, and other digital services. The
            solution, fiberisasi, bandwith on demand, IP                       revenue consists of last mile solution,
            Transit, IEPL, MPLS, DWDM, broadband,                              fiberization, bandwith on demand, IP Transit,
            pendapatan atas jasa instalasi, sewa dari                          IEPL, MPLS, DWDM, broadband, revenue of
            penyediaan jalur akses, reparasi and                               installation services, rental income from the
            pemeliharaan serta e-commerce daily deals.                         provision of access points, repair and
                                                                               maintenance as well as e-commerce daily
                                                                               deals.

            Grup mengakui pendapatan dari jasa instalasi                       The Group recognizes revenue from
            dari waktu ke waktu, dengan menggunakan                            installation services over time, using an input
            metode input untuk mengukur kemajuan                               method to measure progress towards
            menuju kepuasan layanan secara penuh,                              complete satisfaction of the service, because
            karena pelanggan secara bersamaan menerima                         the customer simultaneously receives and
            dan menggunakan manfaat yang diberikan oleh                        consumes the benefits provided by the Group.
            Grup. Pendapatan dari penjualan jasa serat                         Revenue from the sale of the fiber optic
            optik diakui pada suatu waktu, umumnya pada                        services are recognized at a point in time,
            saat jasa tersebut diserahkan.                                     generally upon delivery of the services.




                                                                36

     Laporan Tahunan 2025 Annual Report                                                        PT Indoritel Makmur Internasional Tbk         263
Page 266
                                                                           The original consolidated financial statements included herein are in
                                                                                                                      the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

           m. Pengakuan           Pendapatan       dan     Beban                m. Revenue     and             Expense          Recognition
              (lanjutan)                                                           (continued)

                Korporasi                                                            Corporate

                Segmen korporasi menyediakan produk                                  The corporate segment provides optical fiber-
                layanan sambungan data telekomunikasi                                based telecommunication data connection
                berbasis serat optik untuk pelanggan bisnis                          services for business customers such as last
                seperti last mile solution, fiberisasi, bandwith on                  mile solution, fiberization, bandwith on
                demand, IP Transit, IEPL, MPLS, DWDM yang                            demand, IP Transit, IEPL, MPLS, DWDM
                diberikan ke operator telekomunikasi lainnya                         provided to other telecommunication operators
                dan pelanggan internasional.                                         and international customers.

                Ritel                                                                Retail

                Segmen ritel menyediakan produk layanan data                        The retail segment provides optical fiber-based
                telekomunikasi berbasis serat optik untuk                           telecommunication data service products for
                pelanggan rumahan (fiber to the home) / FTTH                        home (fiber to the home) / broadband FTTH
                broadband yang diberikan kepada operator                            customers provided to telecommunications
                telekomunikasi dan perusahaan Internet                              operators and Internet Service Provider (ISP)
                Service Provider (ISP).                                             companies.

                Lain-lain                                                            Other

                Segmen lain-lain merupakan segmen layanan                           The other segment is the digital service
                digital yang tidak memenuhi persyaratan                             segment that does not meet the disclosure
                pengungkapan dari laporan segmen ini seperti                        requirements of this segment report, such as
                pendapatan atas jasa instalasi, sewa dari                           revenue of installation services, rental income
                penyediaan jalur akses, reparasi and                                from the provision of access points, repair and
                pemeliharaan serta e-commerce daily deals.                          maintenance as well as e-commerce daily
                                                                                    deals.

                -    Pendapatan atas jasa instalasi                                  -    Revenue of installation services

                     Grup menyediakan jasa instalasi yang                                 The Group provides installation services
                     dijual terpisah atau digabungkan dengan                              that are either sold separately or bundled
                     penjualan jasa serat optik kepada                                    together with the sale of fiber optic
                     pelanggan.                                                           services to a customer.

                     Kontrak untuk paket penjualan jasa serat                             Contracts for bundled sales of fiber optic
                     optik dan jasa instalasi terdiri dari dua                            services and installation services are
                     kewajiban pelaksaan karena janji untuk                               comprised of two performance obligations
                     mentransfer jasa serat optik dan                                     because the promises to transfer fiber
                     menyediakan jasa instalasi dapat menjadi                             optic services and provide installation
                     berbeda dan dapat diidentifikasi secara                              services are capable of being distinct and
                     terpisah.    Oleh    karena      itu,    Grup                        separately identifiable. Accordingly, the
                     mengalokasikan         harga         transaksi                       Group allocates the transaction price
                     berdasarkan harga jual jasa serat optik dan                          based on the relative stand-alone selling
                     jasa instalasi yang berdiri sendiri.                                 prices of the fiber optic and installation
                                                                                          services.




                                                                      37

264   PT Indoritel Makmur Internasional Tbk                                                         Laporan Tahunan 2025 Annual Report
Page 267
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                              PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                       As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.    SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

       m. Pengakuan           Pendapatan    dan     Beban                m. Revenue     and            Expense          Recognition
          (lanjutan)                                                        (continued)

            Piutang usaha                                                      Trade receivables

            Piutang merupakan hak Grup atas sejumlah                           A receivable represents the Group’s right to an
            imbalan yang tidak bersyarat (yaitu, hanya                         amount of consideration that is unconditional
            berlalunya waktu yang diperlukan sebelum                           (i.e., only the passage of time is required
            pembayaran imbalan jatuh tempo). Mengacu                           before payment of the consideration is due).
            pada kebijakan akuntansi aset keuangan dalam                       Refer to accounting policies of financial assets
            bagian 2f Instrumen Keuangan - Pengakuan                           in section 2f Financial Instruments - Initial
            Awal dan Pengukuran Selanjutnya.                                   Recognition and Subsequent Measurement.

            Liabilitas kontrak                                                 Contract liabilities

            Liabilitas kontrak adalah kewajiban untuk                          A contract liability is the obligation to transfer
            mentransfer jasa kepada pelanggan dimana                           services to a customer for which the Group has
            Grup telah menerima imbalan (atau jumlah                           received consideration (or an amount of
            imbalan yang jatuh tempo) dari pelanggan. Jika                     consideration is due) from the customer. If a
            pelanggan membayar imbalan sebelum Grup                            customer pays consideration before the Group
            mentransfer jasa kepada pelanggan, liabilitas                      transfers services to the customer, a contract
            kontrak diakui pada saat pembayaran dilakukan                      liability is recognized when the payment is
            atau pembayaran jatuh tempo (mana yang lebih                       made or the payment is due (whichever is
            awal). Liabilitas kontrak diakui sebagai                           earlier). Contract liabilities are recognized as
            pendapatan pada saat Grup melaksanakan                             revenue when the Group performs under the
            berdasarkan kontrak.                                               contract.

            Beban diakui pada saat terjadinya.                                 Expenses are recognized when incurred.

       n.   Transaksi dan Saldo dalam Mata Uang Asing                    n. Foreign Currency                 Transactions           and
                                                                            Balances

            Laporan keuangan konsolidasian disajikan                           The consolidated financial statements are
            dalam Rupiah, yang merupakan mata uang                             presented in Rupiah, which is the Group’s
            fungsional dan mata uang penyajian Grup.                           functional currency and presentation currency.
            Transaksi dalam mata uang asing dicatat dalam                      Transactions involving foreign currencies are
            Rupiah berdasarkan nilai tukar yang berlaku                        recorded in Indonesian Rupiah at the rates of
            pada saat transaksi dilakukan. Pada akhir                          exchange prevailing at the time the
            periode pelaporan, aset dan liabilitas moneter                     transactions are made. At end of reporting
            dalam mata uang asing dijabarkan sesuai                            period, monetary assets and liabilities
            dengan rata-rata kurs jual dan beli yang                           denominated in foreign currencies are
            diterbitkan oleh Bank Indonesia pada tanggal                       adjusted to reflect the average of the selling
            transaksi perbankan terakhir untuk periode yang                    and buying rates of exchange prevailling at the
            bersangkutan, dan laba atau rugi kurs yang                         last banking transaction date of the period, as
            timbul, dikreditkan atau dibebankan pada usaha                     published by Bank Indonesia, and any
            tahun berjalan.                                                    resulting gains or losses are credited or
                                                                               charged to current year operation.
            Kurs     yang digunakan   pada   tanggal                           The rates of exchange used as of
            31 Desember 2025 dan 2024 adalah sebagai                           December 31, 2025 and 2024 are as follows:
            berikut:

                                                     2025               2024

             1 Dolar AS/Rupiah                        16.782            16.162                                  1 US Dollar/Rupiah
             1 SGD/Rupiah                             13.069            11.919                                      1 SGD/Rupiah


                                                              38

     Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk         265
Page 268
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                             FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

           o.   Transaksi dengan Pihak-pihak Berelasi                       o. Transactions with Related Parties

                Perusahaan dan entitas anaknya melakukan                         The company and subsidiaries have
                transaksi dengan pihak berelasi sesuai                           transactions with related parties as defined in
                dengan definisi yang diuraikan pada                              PSAK 224.
                PSAK 224.

                Transaksi     ini   dilakukan   berdasarkan                      The transactions are made based on terms
                persyaratan yang disetujui oleh kedua belah                      agreed by the parties, which may not be the
                pihak, yang mungkin tidak sama dengan                            same as those made with unrelated parties.
                transaksi lain yang dilakukan dengan pihak-
                pihak yang tidak berelasi.

                Transaksi dan saldo yang material dengan                         Significant transactions and balances with
                pihak berelasi diungkapkan dalam Catatan 31.                     related     parties   are   disclosed   in
                                                                                 Note 31.

                Kecuali diungkapkan khusus sebagai pihak                         Unless specifically identified as related
                berelasi, maka pihak-pihak lain yang                             parties, the parties disclosed in the Notes to
                disebutkan dalam Catatan atas laporan                            the consolidated financial statements are
                keuangan konsolidasian merupakan pihak tidak                     unrelated parties.
                berelasi.

           p.   Perpajakan                                                  p. Taxation

                Pajak Kini                                                       Current Tax

                Aset dan liabilitas pajak kini untuk tahun                       Current income tax assets and liabilities for
                berjalan diukur sebesar jumlah yang diharapkan                   the current period are measured at the
                dapat direstitusi dari atau dibayarkan kepada                    amount expected to be recovered from or paid
                otoritas perpajakan.                                             to the taxation authority.

                Beban pajak kini ditentukan berdasarkan laba                     Current tax expense is determined based on
                kena pajak tahun berjalan yang dihitung                          the taxable profit for the year computed using
                berdasarkan tarif pajak yang berlaku.                            the prevailing tax rate.

                Koreksi terhadap liabilitas perpajakan diakui                    Amendments to tax obligations are recorded
                pada saat surat ketetapan pajak diterima atau,                   when a tax assessment letter is received or, if
                jika diajukan keberatan, pada saat keputusan                     appealed against, when the result of the
                atas keberatan ditetapkan.                                       appeal is determined.

                Kekurangan/kelebihan     pembayaran       pajak                  Underpayment/overpayment of income tax is
                penghasilan dicatat sebagai bagian dari “Beban                   recorded as part of “Income Tax Expense -
                Pajak Penghasilan - Neto” dan bunga denda,                       Net” and interest/penalty, if any, in the
                jika ada, dalam laporan laba rugi dan                            consolidated statement of profit or loss and
                penghasilan komprehensif lain konsolidasian.                     other comprehensive income.




                                                                  39

266   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 269
                                                                   The original consolidated financial statements included herein are in
                                                                                                              the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                              PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                       As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

       p.   Perpajakan (lanjutan)                                       p. Taxation (continued)

            Pajak Tangguhan                                                  Deferred Tax

            Aset dan liabilitas pajak tangguhan diakui                       Deferred tax assets and liabilities are
            menggunakan        metode     liabilitas   atas                  recognized using the liability method for the
            konsekuensi pajak pada masa mendatang yang                       future tax consequences attributable to
            timbul dari perbedaan jumlah tercatat aset dan                   differences between the carrying amounts of
            liabilitas menurut laporan keuangan dengan                       existing assets and liabilities in the financial
            dasar pengenaan pajak aset dan liabilitas pada                   statements and their respective tax bases at
            setiap tanggal pelaporan. Liabilitas pajak                       each reporting date. Deferred tax liabilities are
            tangguhan diakui untuk semua perbedaan                           recognized for all taxable temporary
            temporer kena pajak dan aset pajak tangguhan                     differences and deferred tax assets are
            diakui untuk perbedaan temporer yang boleh                       recognized      for     deductible     temporary
            dikurangkan dan akumulasi rugi fiskal,                           differences and accumulated fiscal losses to
            sepanjang besar kemungkinan perbedaan                            the extent that it is probable that taxable profit
            temporer yang boleh dikurangkan dan                              will be available in future years against which
            akumulasi     rugi   fiskal  tersebut    dapat                   the deductible temporary differences and
            dimanfaatkan untuk mengurangi laba kena                          accumulated fiscal losses can be utilized.
            pajak pada masa depan.

            Jumlah tercatat aset pajak tangguhan ditelaah                      The carrying amount of a deferred tax asset
            ulang pada akhir setiap periode pelaporan dan                      is reviewed at the end of each reporting
            diturunkan apabila laba fiskal mungkin tidak                       period and reduced to the extent that it is no
            memadai untuk mengkompensasi sebagian                              longer probable that sufficient taxable profit
            atau semua manfaat aset pajak tangguhan                            will be available to allow the benefit of part or
            tersebut. Pada akhir setiap periode pelaporan,                     all of that deferred tax asset to be utilized. At
            Grup menilai kembali aset pajak tangguhan                          the end of each reporting period, the Group
            yang tidak diakui. Grup mengakui aset pajak                        reassesses unrecognized deferred tax
            tangguhan yang sebelumnya tidak diakui                             assets. The Group recognizes a previously
            apabila besar kemungkinan bahwa laba fiskal                        unrecognized deferred tax assets to the
            pada masa depan akan tersedia untuk                                extent that it has become probable that future
            pemulihannya.                                                      taxable profit will allow the deferred tax
                                                                               assets to be recovered.

            Pajak        tangguhan      dihitung    dengan                     Deferred tax is calculated at the tax rates that
            menggunakan tarif pajak yang berlaku atau                          have been enacted or substantively enacted
            secara substantif telah berlaku pada tanggal                       at the reporting date. Changes in the carrying
            pelaporan. Perubahan nilai tercatat aset dan                       amount of deferred tax assets and liabilities
            liabilitas pajak tangguhan yang disebabkan oleh                    due to a change in tax rates are charged to
            perubahan tarif pajak dibebankan pada usaha                        current period operations, except to the
            periode berjalan, kecuali untuk transaksi-                         extent that they relate to items previously
            transaksi yang sebelumnya telah langsung                           charged or credited to equity.
            dibebankan atau dikreditkan ke ekuitas.

            Aset dan liabilitas pajak tangguhan disajikan                     Deferred tax assets and liabilities are offset in
            secara saling hapus dalam laporan posisi                          the consolidated statements of financial
            keuangan konsolidasian, kecuali aset dan                          position, except if they are for different legal
            liabilitas pajak tangguhan untuk entitas yang                     entities, consistent with the presentation of
            berbeda, sesuai dengan penyajian aset dan                         current tax assets and liabilities.
            liabilitas pajak kini.




                                                              40

     Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk         267
Page 270
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
           MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

           p.   Perpajakan (lanjutan)                                         p. Taxation (continued)

                Pajak Pertambahan Nilai (“PPN”)                                      Value Added Tax (“VAT”)

                Pendapatan, beban dan aset yang diakui neto                         Revenues, expenses and assets are
                atas jumlah PPN, kecuali:                                           recognized net of the amount of VAT, except:
                   Ketika PPN yang terjadi sehubungan                               Where the VAT incurred on purchase of
                    dengan pembelian aset atau jasa tidak                              assets or services is not recoverable
                    dapat dikreditkan menurut ketentuan                                according to tax regulations. In which
                    perpajakan. Dalam hal ini PPN diakui                               case the VAT is recognized as the part of
                    sebagai bagian dari biaya perolehan aset                           the cost of acquisition of the asset or as
                    atau sebagai bagian dari item beban yang                           the part of the related expense item.
                    bersangkutan.

           q.   Imbalan Kerja                                                 q. Employee Benefits

                Grup memberikan imbalan pasca kerja untuk                         The Group provides post-employment benefits
                memenuhi dan menutup imbalan minimum                              to its employees in order to meet and cover the
                yang harus dibayar kepada karyawan-karyawan                       minimum benefits required to be paid to the
                sesuai dengan Peraturan Perusahaan dan                            qualified    employees       under    Company
                Undang-undang Penciptaan Lapangan Kerja                           Regulation and Job Creation Law No. 6/2023
                No. 6/2023 (“UU Cipta Kerja”, (UUCK)).                            (the “Cipta Kerja Law”, (UUCK)). The said
                Penyisihan tambahan tersebut diestimasi                           additional provisions are estimated using
                dengan menggunakan perhitungan aktuarial                          actuarial calculations using the “Projected Unit
                metode “Projected Unit Credit”.                                   Credit” method.

                Pengukuran kembali, terdiri atas keuntungan                       Remeasurements, comprising of actuarial
                dan kerugian aktuarial, segera diakui pada                        gains and losses, are recognized immediately
                laporan posisi keuangan konsolidasian dengan                      in the consolidated statement of financial
                pengaruh langsung didebit atau dikreditkan                        position with a corresponding debit or credit to
                kepada saldo laba melalui penghasilan                             retained      earnings      through       other
                komprehensif lain pada periode terjadinya.                        comprehensive income in the period in which
                Pengukuran kembali tidak direklasifikasi ke laba                  they occur. Remeasurements are not
                rugi pada periode berikutnya.                                     reclassified to profit or loss in subsequent
                                                                                  periods.

                Biaya jasa lalu diakui dalam laba rugi pada saat                   Past service costs are recognized in profit or
                yang lebih awal antara:                                            loss at the earlier between:
                i. ketika program amandemen atau kurtailmen                        i. the date of the plan amendment or
                    terjadi; dan                                                       curtailment; and
                ii. ketika entitas mengakui biaya restrukturisasi                  ii. the date that the Group recognizes related
                    atau imbalan terminasi terkait                                     restructuring costs.

                Bunga neto dihitung dengan menerapkan                              Net interest is calculated by applying the
                tingkat diskonto yang digunakan terhadap                           discount rate to the net defined benefit liability.
                liabilitas imbalan kerja. Grup mengakui                            The Group recognizes the following changes
                perubahan berikut pada kewajiban obligasi neto                     in the net defined benefit obligation under
                pada akun ”Beban Pokok Penjualan” dan                              “Cost of Goods Sold” and “General and
                “Beban Umum dan Administrasi” pada laporan                         Administrative Expenses” as appropriate in the
                laba rugi dan penghasilan komprehensif lain                        consolidated statement of profit or loss and
                konsolidasian:                                                     other comprehensive income:
                i. Biaya jasa terdiri atas biaya jasa kini, biaya                  i. Service costs comprising current service
                    jasa lalu, keuntungan atau kerugian atas                           costs, past-service costs, gains or losses
                    penyelesaian (curtailment) tidak rutin; dan                        on curtailments or non-routine settlements;
                                                                                       and
                ii. Beban atau penghasilan bunga neto.                             ii. Net interest expense or income.
                                                                    41

268   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 271
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)



2.     IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.   SUMMARY OF MATERIAL ACCOUNTING
       MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

       r.   Segmen Operasi                                             r.   Operating Segment

             Grup menyajikan segmen operasi berdasarkan                     The Group present operating segments based
             informasi keuangan yang digunakan oleh                         on the financial information used by the chief
             pengambil keputusan operasional dalam                          operating decition maker in assessing the
             menilai kinerja segmen dan menentukan                          performance of segments and in the allocation
             alokasi sumber daya yang dimilikinya.                          of resources. The segments are based on the
             Segmentasi berdasarkan aktivitas operasional                   operating activities of the Group.
             Grup.

       s.   Laba per Saham                                             s. Earnings per Share

            Laba per saham dihitung berdasarkan rata-rata                   Earnings per share is computed based on the
            tertimbang jumlah saham yang beredar selama                     weighted average number of issued and fully
            periode yang bersangkutan.                                      paid shares during the period.

            Perusahaan tidak mempunyai efek berpotensi                      The Company has no outstanding dilutive
            saham biasa yang bersifat dilutif pada tanggal                  potential ordinary shares as of December 31,
            31 Desember 2025.                                               2025.

       t.   Biaya Emisi Saham                                          t. Issuance Costs of Share Capital

            Biaya yang terjadi sehubungan dengan                            Costs incurred in connection with the Group’s
            penerbitan modal saham Perusahaan kepada                        issuance of share capital to the public were
            publik dikurangkan langsung dengan hasil emisi                  offset directly with the proceeds and
            dan disajikan sebagai pengurang akun                            presented as deduction to additional paid-in
            tambahan modal disetor dalam laporan posisi                     capital account in the consolidated statement
            keuangan konsolidasian.                                         of financial position.

       u.   Peristiwa setelah Periode Pelaporan                        u. Events after the Reporting Period

            Peristiwa setelah      akhir periode    yang                    Post period-end events that provide additional
            memberikan tambahan informasi mengenai                          information about the Group’s financial
            posisi keuangan Grup pada tanggal pelaporan                     position at the reporting date (adjusting
            (peristiwa penyesuai), jika ada, dicerminkan                    events), if any, are reflected in the
            dalam laporan keuangan konsolidasian.                           consolidated financial statements. Post period-
            Peristiwa setelah akhir periode yang bukan                      end events that are not adjusting events are
            peristiwa penyesuaian diungkapkan dalam                         disclosed in the Notes to the Consolidated
            Catatan      Atas      Laporan     Keuangan                     Financial Statements, when material.
            Konsolidasian, jika material.




                                                             42

     Laporan Tahunan 2025 Annual Report                                                     PT Indoritel Makmur Internasional Tbk         269
Page 272
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      3.   PERTIMBANGAN, ESTIMASI              DAN     ASUMSI            3.   SIGNIFICANT ACCOUNTING JUDGMENTS,
           YANG SIGNIFIKAN                                                    ESTIMATES AND ASSUMPTIONS

           Penyusunan laporan keuangan konsolidasian Grup                      The preparation of the Group’s consolidated
           mengharuskan manajemen untuk membuat                                financial statements requires management to
           pertimbangan, estimasi dan asumsi yang                              make judgments, estimations and assumptions
           mempengaruhi total yang dilaporkan dari                             that affect the reported amounts of revenues,
           pendapatan, beban, aset dan liabilitas, dan                         expenses, assets and liabilities, and the
           pengungkapan atas liabilitas kontijensi, pada akhir                 disclosure of contingent liabilities, at the end of
           periode pelaporan.                                                  the reporting period.

           Ketidakpastian mengenai asumsi dan estimasi                         Uncertainty about these assumptions and
           tersebut dapat mengakibatkan penyesuaian                            estimates could result in outcomes that require a
           material terhadap nilai tercatat aset dan liabilitas                material adjustment to the carrying amount of the
           dalam periode pelaporan berikutnya.                                 asset and liability affected in future periods.

           Pertimbangan                                                       Judgments

           Pertimbangan berikut ini dibuat oleh manajemen                     The following judgments are made by
           dalam rangka penerapan kebijakan akuntansi Grup                    management in the process of applying the
           yang memiliki pengaruh paling signifikan atas                      Group’s accounting policies that have the most
           jumlah yang diakui dalam laporan keuangan                          significant effects on the amounts recognized in
           konsolidasian:                                                     the consolidated financial statements:

           Perpajakan                                                         Taxes

           Ketidakpastian atas interpretasi dari peraturan pajak              Uncertainties exist with respect to the
           yang kompleks, perubahan peraturan pajak dan                       interpretation of complex tax regulations, changes
           jumlah dan timbulnya penghasilan kena pajak di                     in tax laws, and the amount and timing of future
           masa depan, dapat menyebabkan penyesuaian di                       taxable income, could necessitate future
           masa depan atas penghasilan dan beban pajak                        adjustments to tax income and expense already
           yang telah dicatat.                                                recorded.


           Pertimbangan juga dilakukan dalam menentukan                       Judgment is also involved in determining the
           penyisihan atas pajak penghasilan badan. Terdapat                  provision for corporate income tax. There are
           transaksi dan perhitungan tertentu yang penentuan                  certain transactions and computation for which the
           pajak akhirnya adalah tidak pasti sepanjang                        ultimate tax determination is uncertain during the
           kegiatan usaha normal.                                             ordinary course of business.

           Estimasi dan Asumsi                                                Estimates and Assumptions

           Imbalan Kerja                                                      Employee Benefits

           Pengukuran        liabilitas imbalan    kerja     Grup             The measurement of the Group employee benefits
           bergantung pada pemilihan asumsi yang digunakan                    liabilities are dependent on its selection of certain
           oleh aktuaris independen dalam menghitung jumlah-                  assumptions used by the independent actuaries in
           jumlah tersebut. Asumsi tersebut termasuk antara                   calculating such amounts. Those assumptions
           lain, tingkat diskonto, tingkat kenaikan gaji tahunan,             include among others, discount rates, future
           tingkat pengunduran diri karyawan tahunan, tingkat                 annual salary increase, annual employee turn-
           kecacatan, umur pensiun dan tingkat kematian.                      over rate, disability rate, retirement age and
           Keuntungan atau kerugian aktuarial yang timbul dari                mortality rate. Actuarial gains or losses arising
           penyesuaian dan perubahan dalam asumsi-asumsi                      from experience adjustments and changes in
           aktuarial diakui secara langsung pada laporan posisi               actuarial assumptions are recognized immediately
           keuangan konsolidasian dengan debit atau kredit ke                 in the consolidated financial position with a
           saldo laba melalui penghasilan komprehensif lain                   corresponding debit or credit to retained earnings
           dalam periode terjadinya.                                          through other comprehensive income in the period
                                                                              in which they occur.



                                                                    43

270   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 273
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


3.     PERTIMBANGAN, ESTIMASI DAN ASUMSI YANG                     3.   SIGNIFICANT ACCOUNTING JUDGMENTS,
       SIGNIFIKAN (lanjutan)                                           ESTIMATES AND ASSUMPTIONS (continued)

       Estimasi dan Asumsi (lanjutan)                                  Estimates and Assumptions (continued)

       Imbalan Kerja (lanjutan)                                        Employee Benefits (continued)

       Sementara Grup berkeyakinan bahwa asumsi                        While the Group believes that their assumptions
       tersebut adalah wajar dan sesuai, perbedaan                     are reasonable and appropriate, significant
       signifikan pada hasil aktual atau perubahan                     differences in the Group actual results or
       signifikan dalam asumsi yang ditetapkan Grup dapat              significant changes in the assumptions may
       mempengaruhi secara material liabilitas diestimasi              materially affect its estimated liabilities for pension
       atas pensiun dan imbalan kerja dan beban imbalan                and employee benefits and net employee benefits
       kerja neto.                                                     expense.

       Penyisihan atas Penurunan Nilai Piutang Usaha                   Allowance for Impairment of Trade Receivables

       Grup menetapkan estimasi penyisihan penurunan                   The Group estimates impairment allowance for
       nilai piutang usaha menggunakan pendekatan yang                 trade receivables using simplified approach of
       disederhanakan dari KKE. Matriks provisi digunakan              ECL. A provision matrix is used to determine ECL
       untuk menghitung KKE untuk piutang usaha dan                    for trade and other receivables, where the
       lain-lain. Tarif provisi didasarkan pada hari                   provision rates are based on days past due for
       tunggakan untuk pengelompokan berbagai segmen                   groupings of various customer segments that have
       pelanggan yang memiliki pola kerugian serupa.                   similar loss patterns.

       Matriks provisi awalnya didasarkan pada riwayat                 The provision matrix is initially based on the
       tingkat kerugian pelanggan. Grup akan melakukan                 customers historical observed loss rates. The
       penyesuaian pengalaman kerugian historis dengan                 Group will adjust the historical observed loss
       informasi berwawasan ke depan. Misalnya, jika                   experience with forward-looking information. For
       prakiraan kondisi ekonomi yang terkait erat dengan              instance, if forecast economic conditions closely
       riwayat tingkat kerugian diperkirakan akan                      related to the historical observed loss are
       memburuk pada tahun berikutnya yang dapat                       expected to deteriorate over the next year which
       menyebabkan peningkatan jumlah gagal bayar pada                 can lead to an increased number of defaults in the
       sektor-sektor pelanggan beroperasi, riwayat tingkat             sectors where customers are operating, the
       kerugian disesuaikan. Pada setiap tanggal                       historical losses are adjusted accordingly. At every
       pelaporan, riwayat tingkat gagal bayar yang diamati             reporting date, the historical observed loss rates
       diperbarui dan perubahan dalam estimasi                         are updated and changes in the forward-looking
       berwawasan ke depan dianalisis.                                 estimates are analyzed.

       Evaluasi atas korelasi antara tingkat gagal bayar               The assessment of the correlation between
       yang diamati secara historis, prakiraan kondisi                 historical observed loss rates, forecast economic
       ekonomi dan KKE, adalah estmasi signifikan.                     conditions and ECLs, is a significant estimate. The
       Jumlah KKE sensitif terhadap perubahan keadaan                  amount of ECLs is sensitive to changes in
       dan prakiraan kondisi ekonomi. Kerugian kredit                  circumstances and of forecast economic
       historis Grup dan perkiraan kondisi ekonomi                     conditions. The Group’s historical observed loss
       mungkin tidak mewakili tingkat gagal bayar                      rate and forecast of economic conditions may not
       pelanggan aktual di masa depan. Informasi tentang               be representative of customer’s actual default in
       ECL pada piutang usaha Grup dan aset kontrak                    the future. The information about the ECLs on the
       diungkapkan dalam Catatan 7.                                    Group’s trade receivables and contract assets is
                                                                       disclosed in Note 7.




                                                             44

     Laporan Tahunan 2025 Annual Report                                                     PT Indoritel Makmur Internasional Tbk         271
Page 274
                                                                            The original consolidated financial statements included herein are in
                                                                                                                       the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                         As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


      3.   PERTIMBANGAN, ESTIMASI DAN ASUMSI YANG                           3.   SIGNIFICANT ACCOUNTING JUDGMENTS,
           SIGNIFIKAN (lanjutan)                                                 ESTIMATES AND ASSUMPTIONS (continued)

           Estimasi dan Asumsi (lanjutan)                                        Estimates and Assumptions (continued)

           Penurunan Nilai Aset Non-keuangan                                     Impairment of Non-financial Assets

           Penurunan nilai terjadi saat nilai tercatat dari aset                 An impairment exists when the carrying value of
           atau     unit   penghasil    kas     melebihi       nilai             an asset or cash generating unit exceeds its
           terpulihkannya, yaitu yang lebih tinggi dari 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
           Nilai wajar dikurangi biaya untuk menjual                             fair value less costs to sell calculation is based on
           berdasarkan data yang tersedia dari transaksi                         available data from binding sales transactions in
           penjualan yang mengikat dalam sebuah transaksi                        an arm’s length transaction of similar assets or
           wajar dari aset serupa atau harga pasar yang dapat                    observable market prices less incremental costs
           diobservasi dikurangi biaya pelepasan untuk                           for disposing the asset.
           menjual aset tersebut.

           Perhitungan nilai pakai didasarkan pada model arus                    The value in use calculation is based on a
           kas yang didiskontokan. Data arus kas diambil dari                    discounted cash flow model. The cash flow data
           anggaran untuk lima tahun yang akan datang dan                        are derived from budget for the next five years and
           tidak termasuk aktivitas restrukturisasi yang belum                   and do not include restructuring activities that the
           dilakukan oleh Grup atau investasi signifikan di                      Group is not yet committed to or significant future
           masa depan yang akan memutakhirkan kinerja aset                       investments that will enhance the asset’s
           dari unit penghasil kas yang diuji. Nilai terpulihkan                 performance of the cash generating unit being
           paling dipengaruhi oleh tingkat diskonto yang                         tested. The recoverable amount is most sensitive
           digunakan dalam model arus kas yang                                   to the discount rate used for the discounted cash
           didiskontokan, sebagaimana juga jumlah arus kas                       flow model as well as the expected future cash
           masuk di masa datang yang diharapkan dan tingkat                      inflows and the growth rate used for extrapolation
           pertumbuhan yang digunakan untuk tujuan                               purposes.
           ekstrapolasi.

           Pada tanggal 31 Desember 2025 dan 2024,                               As of December 31, 2025 and 2024, the Group’s
           manajemen Grup berkeyakinan bahwa tidak ada                           management believes that there is no event or
           indikasi penurunan nilai aset non-keuangan.                           change in circumstances that may indicate any
                                                                                 impairment in value of non-financial assets.




                                                                       45

272   PT Indoritel Makmur Internasional Tbk                                                          Laporan Tahunan 2025 Annual Report
Page 275
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


4.     KAS DAN SETARA KAS                                       4.    CASH AND CASH EQUIVALENTS
       Akun ini terdiri dari:                                         This account consists of:

                                                 31 Desember/December 31,

                                                 2025                2024

       Kas                                                 31                 31                                Cash on hand
       Kas di bank - pihak ketiga                                                                Cash in banks - third parties
         Rupiah                                                                                                    Rupiah
            PT Bank Mandiri (Persero) Tbk           398.539             494.643         PT Bank Mandiri (Persero) Tbk
            PT Bank Negara Indonesia                                                        PT Bank Negara Indonesia
                (Persero) Tbk                       121.629             214.744                      (Persero) Tbk
            PT Bank Central Asia Tbk                 12.185              14.976              PT Bank Central Asia Tbk
                 Indonesia Tbk                                                                      Indonesia Tbk
            PT Bank Permata Tbk                         3.463               917                 PT Bank Permata Tbk
            PT Bank Rakyat Indonesia                                                        PT Bank Rakyat Indonesia
                (Persero) Tbk                           2.928             2.372                      (Persero) Tbk
            PT China Construction Bank                  2.128           236.728            PT China Construction Bank
            PT Bank Danamon Indonesia Tbk                 134                 -       PT Bank Danamon Indonesia Tbk
            PT Bank Tabungan Negara                                                     PT Bank Tabungan Negara
                (Persero) Tbk                               -                  1                     (Persero) Tbk
         Dolar Amerika Serikat                                                                       United States Dollar
            PT Bank Central Asia Tbk                                                         PT Bank Central Asia Tbk
               ($AS80.635 pada tanggal                                                           (US$80,635 as of
               31 Desember 2025                                                                December 31, 2025
               dan $AS55.280 pada                                                                 and US$S55,280
               tanggal 31 Desember 2024)                1.353               893          as of December 31, 2024)
       Setara kas - deposito                                                                         Cash equivalents - time
            berjangka - pihak ketiga                                                               deposits - third parties
         Rupiah                                                                                                    Rupiah
            PT Bank Mayapada Internasional Tbk      200.000             100.000    PT Bank Mayapada Internasional Tbk
            PT Bank Central Asia Tbk                  2.200               2.200              PT Bank Central Asia Tbk

       Total                                        744.590           1.067.505                                                 Total


       Suku bunga tahunan untuk deposito berjangka                    Annual interest rates for time deposits for the year
       untuk tahun yang berakhir pada tanggal                         ended December 31, 2025 ranged from
       31 Desember 2025 berkisar antara 3,00% sampai                  3.00% to 7.75% (2024: 3.15% - 7.75%).
       dengan 7,75% (2024: 3,15% - 7,75%).

       Pada tanggal 31 Desember 2025 dan 2024, piutang                As of December 31, 2025 and 2024, receivables
       atas bunga deposito disajikan sebagai bagian dari              related to interest from time deposits were
       “Piutang Lain-lain” dalam laporan posisi keuangan              presented as part of “Other Receivables” in the
       konsolidasian.                                                 consolidated statement of financial position.

       Pada tanggal 31 Desember 2025 dan 2024, tidak                  As of December 31, 2025 and 2024, there is no
       terdapat saldo kas dan setara kas kepada pihak                 placement of cash and cash equivalents with
       berelasi.                                                      related party.




                                                           46

     Laporan Tahunan 2025 Annual Report                                                   PT Indoritel Makmur Internasional Tbk         273
Page 276
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                        PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                          FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                 As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                             (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


      5.   ASET KEUANGAN LANCAR LAINNYA                             5.    OTHER CURRENT FINANCIAL ASSETS

           Akun ini terdiri dari:                                         This account consists of:

                                                    31 Desember/December 31,

                                                     2025                2024

           Dana yang dibatasi penggunaanya                                                                          Restricted fund
             Rupiah                                                                                                     Rupiah
                PT Bank Mandiri                                                                              PT Bank Mandiri
                   (Persero) Tbk                        51.264                       -                      (Persero) Tbk
                PT Bank Negara Indonesia                                                            PT Bank Negara Indonesia
                   (Persero) Tbk                               -                20.088                      (Persero) Tbk

           Total                                        51.264                  20.088                                              Total


           Pada tanggal 31 Desember 2025 dan 2024, dana                   As of December 31, 2025 and 2024, fund placed
           yang ditempatkan di PT Bank Mandiri (Persero) Tbk              in PT Bank Mandiri (Persero) Tbk and PT Bank
           dan PT Bank Negara Indonesia (Persero) Tbk                     Negara Indonesia (Persero) Tbk represents
           merupakan reserve account yang dialokasikan oleh               reserve account allocated by MAP as required in
           MAP, sebagaimana yang disyaratkan dalam                        the loan agreements (Note 19).
           perjanjian pinjaman kredit (Catatan 19).

      6.   INVESTASI JANGKA PENDEK                                  6.    SHORT-TERM INVESTMENTS

           Pada tanggal 23 Agustus 2024, Perusahaan dan                   On August 23, 2024, the Company and
           PT Net Assets Management, pihak ketiga,                        PT Net Assets Management, a third party, entered
           menandatangani Kontrak Pengelolaan Dana                        into Fund Management Agreement with the
           dengan nilai penempatan maksimal sebesar                       maximum placement amount of Rp1,650,000,
           Rp1.650.000, yang akan jatuh tempo pada 23                     which will mature on August 23, 2025. The
           Agustus 2025. Perusahaan dapat melakukan                       Company is allowed to execute early redemption
           pencairan awal (early redemption) sebelum jatuh                before the maturity date.
           tempo.

           Pada tanggal 22 Agustus 2025, Perusahaan dan                   On August 22, 2025, the Company and PT Net
           PT Net Assets Management, pihak ketiga,                        Assets Management, a third party, entered into
           menandatangani Kontrak Pengelolaan Dana                        Fund Management Contract (“KPD”) with the
           (“KPD”) dengan nilai penempatan maksimal sebesar               maximum placement amount of Rp1,000,000,
           Rp1.000.000, yang akan jatuh tempo pada tanggal                which will mature on August 23, 2026. The
           23 Agustus 2026. Perusahaan dapat melakukan                    Company is allowed to execute early redemption
           pencairan awal (early redemption) sebelum jatuh                before the maturity date.
           tempo.

           Pada tanggal 31 Desember 2025 dan 2024, total                  As of December 31, 2025 and 2024, the related
           saldo investasi dari kontrak pengelolaan dana                  total balance of investments prior to allowance for
           sebelum dikurangi cadangan kerugian kredit                     expected credit losses from the related fund
           ekspektasian terkait masing-masing sebesar                     management contract amounting to Rp900,000
           Rp900.000 dan Rp1.300.000 dan masing-masing                    and Rp1,300,000, respectively, were presented as
           disajikan sebagai “Investasi Jangka Pendek” dalam              “Short-term Investments” in the consolidated
           laporan posisi keuangan konsolidasian (sebelum                 statement of financial position (before deducted
           dikurangi cadangan kerugian kredit ekspektasian).              allowance for expected credit losses).




                                                               47

274   PT Indoritel Makmur Internasional Tbk                                                  Laporan Tahunan 2025 Annual Report
Page 277
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


6.     INVESTASI JANGKA PENDEK (lanjutan)                          6.    SHORT-TERM INVESTMENTS (continued)

       Pada tahun 2025 dan 2024, total pendapatan dari                   During 2025 and 2024, the total income from the
       kontrak pengelolaan dana tersebut sebesar                         related fund management contract amounting to
       masing-masing Rp131.170 dan Rp207.732, dan                        Rp131,170 and Rp207,732, respectively, were
       dicatat sebagai bagian dari “Penghasilan Keuangan”                recorded as part of “Finance Income” in the
       dalam laporan laba rugi dan penghasilan                           consolidated statement of profit or loss and other
       komprehensif lain konsolidasian (Catatan 27).                     comprehensive income (Note 27).

       Pada tanggal 31 Desember 2025 dan 2024, total                     As of December 31, 2025 and 2024, the related
       piutang atas pendapatan dari kontrak pengelolaan                  interest receivable from the related fund
       dana terkait masing-masing sebesar Rp2.925 dan                    management contract amounting to Rp2,925 and
       Rp4.225, disajikan sebagai bagian dari “Piutang                   Rp4,225, were presented as part of “Other
       Lain-lain” dalam laporan posisi keuangan                          Receivables”, in the consolidated statement of
       konsolidasian.                                                    financial position.

       Mutasi cadangan kerugian kredit ekspektasian                      The movements of allowance for expected credit
       investasi jangka pendek adalah sebagai berikut:                   losses on short-term investments are as follows:

                                                Tahun yang Berakhir pada Tanggal
                                                          31 Desember/
                                                    Year Ended December 31,
                                                    2025                2024
        Saldo awal tahun                                   5.524               7.873                 Balance at beginning of the year
        Penambahan (pemulihan) selama tahun                                                               Additional (reversal)during
             berjalan (Catatan 26)                          378                (2.349)                         the year (Note 26)
        Saldo akhir tahun                                  5.902               5.524                      Balance at end of the year


7.     PIUTANG USAHA                                               7.     TRADE RECEIVABLES

       Akun ini terdiri dari:                                            This account consists of:

                                                    31 Desember/December 31,

                                                    2025                2024

       Piutang usaha                                                                                            Trade receivables
            Pihak ketiga                               778.210             569.133                               Third parties
            Cadangan kerugian penurunan nilai          (26.898)            (25.375)       Allowance for expected credit losses

       Piutang usaha - neto                            751.312             543.758                            Trade receivables - net




                                                              48

     Laporan Tahunan 2025 Annual Report                                                       PT Indoritel Makmur Internasional Tbk         275
Page 278
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                              FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


      7.   PIUTANG USAHA (lanjutan)                                     7.     TRADE RECEIVABLES (continued)

           Rincian piutang usaha berdasarkan pelanggan                         The details of trade receivables per customer are
           adalah sebagai berikut:                                             as follows:
                                                        31 Desember/December 31,

                                                         2025                2024

           PT Cyberindo Aditama                            547.174              313.222                        PT Cyberindo Aditama
           PT XL Axiata Tbk                                 48.719               58.740                             PT XL Axiata Tbk
           PT Indosat Tbk                                   41.667               40.486                               PT Indosat Tbk
           PT Bank Mandiri (Persero) Tbk                    17.243               18.434               PT Bank Mandiri (Persero) Tbk
           PT Lintas Data Prima                              8.986                9.412                         PT Lintas Data Prima
           PT Bank Negara Indonesia (Persero) Tbk            8.017               15.185       PT Bank Negara Indonesia (Persero)Tbk
           PT Starlink Services Indonesia                    7.221                3.529                PT Starlink Services Indonesia
           PT Bank Rakyat Indonesia (Persero) Tbk            7.206                6.569       PT Bank Rakyat Indonesia (Persero) Tbk
           PT Eka Mas Republik                               6.576               13.108                         PT Eka Mas Republik
           PT Indonusa Telemedia                             4.110                5.936                      PT Indonusa Telemedia
           PT Bursa Efek Indonesia                           2.664                   83                     PT Bursa Efek Indonesia
           PT Aplikasinusa Lintasarta                        2.112                3.564                   PT Aplikasinusa Lintasarta
           PT Mora Telematika Indonesia Tbk                  1.735                2.641            PT Mora Telematika Indonesia Tbk
           PT Bank Syariah Indonesia Tbk                     1.702                2.006               PT Bank Syariah Indonesia Tbk
           PT Mitra Visioner Pratama                         1.674                3.874                   PT Mitra Visioner Pratama
           PT Satria Wangsa Mataram                            841                2.177                  PT Satria Wangsa Mataram
           PT Jala Lintas Media                                535                2.218                          PT Jala Lintas Media
           PT IDX Solusi Teknologi Informasi                     -                3.164            PT IDX Solusi Teknologi Informasi
           Lain-lain (masing-masing                                                                                      Others (each
                di bawah Rp2.000)                           70.028                  64.785                        below Rp2,000)

           Total                                           778.210              569.133                                                 Total


           Rincian piutang usaha berdasarkan mata uang                         The details of trade receivables based on
           adalah sebagai berikut:                                             currencies are as follows:
                                                        31 Desember/December 31,

                                                         2025                2024

           Rupiah                                          778.075              568.105                                           Rupiah
           Dolar Amerika Serikat (Catatan 32)                  135                1.028                    United States Dollar (Note 32)

           Total                                           778.210              569.133                                            Total
           Cadangan kerugian penurunan nilai               (26.898)             (25.375)            Allowance for expected credit losses

           Total piutang usaha - neto                      751.312              543.758                     Total trade receivables - net


           Mutasi cadangan kerugian kredit ekspektasian                       The movements of allowance for expected credit
           piutang usaha adalah sebagai berikut:                              losses on trade receivables are as follows:

                                                    Tahun yang Berakhir pada Tanggal
                                                              31 Desember/
                                                        Year Ended December 31,
                                                         2025                2024

           Saldo awal tahun                                 25.375                  18.768               Balance at beginning of the year
           Cadangan selama                                                                                               Allowance during
               tahun berjalan - neto (Catatan 26)               1.523                6.607                   the year - net (Note 26)

           Saldo akhir tahun                                26.898                  25.375                    Balance at end of the year




                                                                   49

276   PT Indoritel Makmur Internasional Tbk                                                      Laporan Tahunan 2025 Annual Report
Page 279
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


7.     PIUTANG USAHA (lanjutan)                                   7.     TRADE RECEIVABLES (continued)

       Analisa umur piutang usaha adalah sebagai berikut:               The aging analysis of trade receivables is as
                                                                        follows:

                                                31 Desember/December 31,

                                                   2025                2024

       Lancar                                        269.930              271.461                                            Current
       1 - 30 hari                                   104.824               81.524                                        1 - 30 days
       31 - 60 hari                                   86.407               64.478                                       31 - 60 days
       61 - 90 hari                                   84.006               59.128                                       61 - 90 days
       91 - 360 hari                                 211.812               70.042                                      91 - 360 days
       Lebih dari 360 hari                            21.231               22.500                                More than 360 days

       Total                                         778.210              569.133                                                 Total


       Pada tanggal 31 Desember 2025 dan 2024, piutang                  As of December 31, 2025 and 2024, certain trade
       usaha tertentu milik entitas anak digunakan sebagai              receivables of the subsidiary are pledged as
       jaminan atas fasilitas utang bank entitas anak                   collateral for subsidiary’s bank loan facilities
       (Catatan 19).                                                    (Note 19).

       Pada tanggal 31 Desember 2025 dan 2024,                          As of December 31, 2025 and 2024, based on the
       berdasarkan penelaahan terhadap kemungkinan                      review of the collectability of individual trade
       tidak tertagihnya piutang usaha masing-masing                    receivables at the end of each year, the
       pelanggan pada setiap akhir tahun, manajemen                     subsidiary’s management believes that the
       anak Perusahaan berkeyakinan bahwa cadangan                      allowance for expected credit lossess on trade
       kerugian kredit ekspektasian piutang usaha yang                  receivables is adequate to cover possible losses
       dibentuk adalah cukup untuk menutup kemungkinan                  from uncollectible accounts.
       kerugian atas tidak tertagihnya piutang usaha.


8.     BIAYA DIBAYAR DI MUKA                                      8.    PREPAID EXPENSES

       Akun ini terdiri dari:                                           This account consists of:
                                                  31 Desember/December 31,

                                                   2025                2024

        Biaya pemeliharaan software                   39.876                  19.282                      Software maintenance fee
        Sewa                                          27.183                  22.834                                        Rental
        Asuransi                                       1.575                     836                                     Insurance

        Total                                         68.634                  42.952                                              Total

        Biaya dibayar di muka -                                                                                 Prepaid expenses -
         bagian lancar                                47.217                  33.172                             current portion

        Biaya dibayar di muka -                                                                                 Prepaid expenses -
         setelah dikurangi bagian lancar              21.417                   9.780                       net of current portion




                                                             50

     Laporan Tahunan 2025 Annual Report                                                     PT Indoritel Makmur Internasional Tbk         277
Page 280
                                                                                                     The original consolidated financial statements included herein are in
                                                                                                                                                the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                                         PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                                                  As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                          For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                                              (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                                                    Unless Otherwise Stated)


      9.   INVESTASI PADA ENTITAS ASOSIASI DAN                                                      9.     INVESTMENT IN ASSOCIATES AND JOINT
           VENTURA BERSAMA                                                                                 VENTURE

           Rincian dari investasi pada entitas asosiasi dan                                                The details of investment in associates and joint
           ventura bersama adalah sebagai berikut:                                                         venture are as follows:

                                                                                                 Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                                                       Year Ended December 31, 2025

                                                                                                                                                Bagian
                                                                                                                                             Penghasilan
                                                                                                                                            Komprehensif
                                                                                                                                              Lain - neto/
                                        Persentase                                                                                          Share of Profit
                                       kepemilikan/       Saldo Awal/         Penambahan                               Bagian Laba             of Other
            Nama Entitas Asosiasi/     Percentage of       Beginning             modal/               Dividen/         (rugi)/ Share       Comprehensive             Saldo Akhir/
            Name of Associates          ownership           Balance          Additional share         Dividend         Profit (Loss)         Income - net           Ending Balance

            Entitas asosiasi/ Associates:
            PT Indomarco Prismatama           40,00%           8.423.847                     -                   -          1.177.224                48.398               9.649.469
            PT Nippon Indosari
               Corpindo Tbk                   25,77%           2.358.445                    -             (126.664)            66.628                (2.098)              2.296.311
            PT Fast Food Indonesia Tbk        37,51%           1.618.126               40.000                    -           (135.082)                2.772               1.525.816

            Ventura Bersama/Joint Venture:
            PT Jaringan Mega Sedayu           50,00%             20.617                     -                    -                4.249                         -            24.866
            PT Teknologi Mega Sedayu          50,00%                  -                 1.250                    -                  615                         -             1.865

            Total                                             12.421.035               41.250             (126.664)         1.113.634                49.072              13.498.327




                                                                                       Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                                                 Year Ended December 31, 2024

                                                                                                                                               Bagian
                                                                                                                                            Penghasilan
                                                                                                                                           Komprehensif
                                                                                                                                             Lain - neto/
                                               Persentase                                                                                 Share of Profit
                                              kepemilikan/         Saldo Awal/                                    Bagian Laba                 of Other
             Nama Entitas Asosiasi/           Percentage of         Beginning                Dividen/             (rugi)/ Share           Comprehensive               Saldo Akhir/
              Name of Associates               ownership             Balance                 Dividend             Profit (Loss)             Income - net             Ending Balance

           Entitas asosiasi/ Associates:
           PT Indomarco Prismatama               40,00%                    7.304.593                       -            1.106.557                   12.697                   8.423.847
           PT Nippon Indosari Corpindo Tbk       25,77%                    2.389.244                (139.787)              93.445                   15.543                   2.358.445
           PT Fast Food Indonesia Tbk            35,84%                    1.855.375                       -             (285.041)                  47.792                   1.618.126

           Ventura Bersama/Joint Venture:
           PT Jaringan Mega Sedayu               50,00%                      21.428                        -                 (811)                          -                   20.617

           Total                                                        11.570.640                  (139.787)             914.150                   76.032                  12.421.035



           Seluruh entitas asosiasi dan ventura bersama yang                                              All associates and joint ventures operate in
           beroperasi di Indonesia dan dicatat dengan metode                                              Indonesia and recorded in the equity method.
           ekuitas.

           Pada tanggal 28 Mei 2025, Perusahaan melakukan                                                 On May 28, 2025, the Company made a capital
           penyetoran modal sebesar Rp40.000 kepada                                                       contribution of Rp40,000 to FAST through a
           FAST melalui aksi Penambahan Modal Tanpa Hak                                                   Non-Preemptive Rights Issue (PMTHMETD). The
           Memesan Efek Terlebih Dahulu (PMTHMETD).                                                       Company subscribed to 266.66 million shares at a
           Perusahaan mengambil bagian sebanyak 266,66                                                    price of Rp150 per share, resulting in an increase
           juta saham dengan harga Rp150 per lembar saham,                                                in the Company’s ownership in FAST by 37.51%.
           sehingga meningkatkan kepemilikan perusahaan di
           FAST menjadi 37,51%




                                                                                        51

278   PT Indoritel Makmur Internasional Tbk                                                                                       Laporan Tahunan 2025 Annual Report
Page 281
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


9.     INVESTASI PADA ENTITAS ASOSIASI DAN                     9.     INVESTMENT IN ASSOCIATES AND JOINT
       VENTURA BERSAMA (lanjutan)                                     VENTURE (continued)

       Pada tanggal 28 Mei 2025, Grup melakukan                       On May 28, 2025, Group made a capital
       penyertaan modal dalam pendirian entitas ventura               contribution in the establishment of a new joint
       bersama baru bernama PT Teknologi Mega Sedayu.                 venture entity, PT Teknologi Mega Sedayu. The
       Dalam transaksi tersebut, Perseroan mengambil                  Company subscribed to 1,250 shares with a
       bagian sebanyak 1.250 lembar saham dengan nilai                nominal value of Rp1 per share, resulting in a total
       nominal Rp1 per saham, sehingga total investasi                paid-in investment of Rp1,250 with a 50%
       yang disetor berjumlah Rp1.250 dengan porsi                    ownership interest.
       kepemilikan 50%.

       Harga pasar per saham dari FAST dan ROTI pada                  Market price per share of FAST and ROTI on
       tanggal 31 Desember 2025, masing-masing sebesar                December 31, 2025 is Rp615 (full amount) and
       Rp615 (nilai penuh) dan Rp785 (nilai penuh).                   Rp785 (full amount), respectively.

                                              Tahun yang Berakhir pada
                                                Tanggal 31 Desember/
                                              Year Ended December 31,

                                                2025                2024
          PT Indomarco Prismatama                                                                   PT Indomarco Prismatama

          Aset lancar                           30.556.037           28.199.915                               Current assets
          Aset tidak lancar                     29.710.413           28.710.965                            Non-current assets
          Total aset                            60.266.450           56.910.880                                    Total assets

          Liabilitas jangka pendek              27.023.800           27.497.925                            Current liabilities
          Liabilitas jangka panjang              8.603.926            7.930.557                         Non-current liabilities
          Total liabilitas                      35.627.726           35.428.482                                  Total liabilities

          Penjualan neto                       116.676.990          112.805.354                                   Net sales
          Laba tahun berjalan yang dapat                                                                 Profit for the year
            diatribusikan kepada pemilik                                                  attributable to owners of the
            entitas induk                        2.946.041            2.769.374                            parent entity
          Laba komprehensif tahun berjalan                                             Comprehensive income for the year
            yang dapat diatribusikan kepada                                               attributable to owners of the
            pemilik entitas induk                3.111.204            2.878.680                            parent entity


       PT Nippon Indosari Corpindo Tbk                                                     PT Nippon Indosari Corpindo Tbk

          Aset lancar                              968.439            1.044.137                               Current assets
          Aset tidak lancar                      2.569.270            2.702.210                            Non-current assets

          Total aset                             3.537.709            3.746.347                                    Total assets

          Liabilitas jangka pendek                704.949              610.720                             Current liabilities
          Liabilitas jangka panjang               787.795              827.472                          Non-current liabilities
          Total liabilitas                       1.492.744            1.438.192                                  Total liabilities

          Penjualan neto                         3.757.615            3.932.170                                   Net sales
          Laba tahun berjalan yang dapat                                                                 Profit for the year
            diatribusikan kepada pemilik                                                  attributable to owners of the
            entitas induk                         258.516              362.566                             parent entity
          Laba komprehensif tahun berjalan                                             Comprehensive income for the year
            yang dapat diatribusikan kepada                                               attributable to owners of the
            pemilik entitas induk                 250.377              422.869                            parent entity




                                                          52

     Laporan Tahunan 2025 Annual Report                                                  PT Indoritel Makmur Internasional Tbk         279
Page 282
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                             FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


      9.   INVESTASI PADA ENTITAS ASOSIASI DAN                         9.     INVESTMENT IN ASSOCIATES AND JOINT
           VENTURA BERSAMA (lanjutan)                                         VENTURE (continued)

                                                       Tahun yang Berakhir pada
                                                         Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                        2025                2024

           PT Fast Food Indonesia Tbk                                                                     PT Fast Food Indonesia Tbk

             Aset lancar                                   724.453             616.599                                Current assets
             Aset tidak lancar                           4.222.408           2.912.621                             Non-current assets
             Total aset                                  4.946.861           3.529.220                                     Total assets

             Liabilitas jangka pendek                    1.988.438           2.291.914                              Current liabilities
             Liabilitas jangka panjang                   2.520.161           1.109.574                            Non-current liabilities
             Total liabilitas                            4.508.599           3.401.488                                   Total liabilities

             Penjualan neto                              4.881.502           4.875.792                                Net sales
             Rugi tahun berjalan yang dapat                                                                    Loss for the year
               diatribusikan kepada pemilik                                                   attributable to owners of the
               entitas induk                              (362.592)           (796.712)                        parent entity
             Laba (rugi) komprehensif tahun berjalan                                    Comprehensive profit (loss )for the year
               yang dapat diatribusikan kepada                                                 attributable to owners of the
               pemilik entitas induk                      180.337             (663.364)                        parent entity

           PT Jaringan Mega Sedayu                                                                           PT Jaringan Mega Sedayu

             Aset lancar                                    69.500                 40.804                             Current assets
             Aset tidak lancar                              68.346                 63.990                          Non-current assets

             Total aset                                   137.846              104.794                                     Total assets

             Liabilitas jangka pendek                       43.004                 23.560                          Current liabilities
             Liabilitas jangka panjang                      47.407                 42.862                       Non-current liabilities
             Total liabilitas                               90.411                 66.422                                Total liabilities

             Penjualan neto                                 39.408                 21.498                                     Net sales

             Laba/(rugi) tahun berjalan                        8.730               (1.621)                 Profit/(loss) for the year
             Laba/(rugi) komprehensif                                                                 Comprehensive income/(loss)
               tahun berjalan                                  8.499               (1.621)                           for the year

           PT Teknologi Mega Sedayu                                                                        PT Teknologi Mega Sedayu

             Aset lancar                                    21.698                      -                             Current assets
             Aset tidak lancar                                   -                      -                          Non-current assets
             Jumlah aset                                    21.698                      -                                  Total assets

             Liabilitas jangka pendek                       17.967                      -                          Current liabilities
             Liabilitas jangka panjang                           -                      -                       Non-current liabilities
             Jumlah liabilitas                              17.967                      -                                Total liabilities

             Penjualan neto                                    7.767                    -                                     Net sales

             Laba tahun berjalan                               1.231                    -                         Profit for the year
             Laba komprehensif                                                                               Comprehensive income
               tahun berjalan                                  1.231                    -                           for the year




                                                                  53

280   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 283
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                 PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                          As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


9.     INVESTASI PADA ENTITAS ASOSIASI DAN                            9.   INVESTMENT IN ASSOCIATES AND JOINT
       VENTURA BERSAMA (lanjutan)                                          VENTURE (continued)

       Pada tanggal 31 Desember 2025 dan 2024,                             As of December 31, 2025 and 2024,
       investasi pada entitas asosiasi Perusahaan di                       investment in associates of the Company are
       PT Indomarco Prismatama (IDM), PT Fast Food                         PT Indomarco Prismatama (IDM), PT Fast Food
       Indonesia Tbk (FAST) dan PT Nippon Indosari                         Indonesia Tbk (FAST) and PT Nippon Indosari
       Corpindo Tbk (ROTI) digunakan sebagai jaminan                       Corpindo Tbk (ROTI) pledged as collateral for
       atas fasilitas utang bank Perusahaan (Catatan 19).                  Company’s bank loan facilities (Note 19).

10. INVESTASI PADA INSTRUMEN UTANG                                    10. INVESTMENT ON DEBT INSTRUMENTS

                                                                                   Jumlah/
                                                 Tanggal jatuh                     Amount
                                                    tempo/
                                                 Maturity date             2025                2024
          Rupiah                                                                                                                    Rupiah


          Obligasi bunga tetap - Seri A           Oktober 2030/             250.000                       -           Fixed rate bonds -
                                                  October 2030                                                               A Series


          Obligasi bunga tetap - Seri B           Oktober 2032/             250.000                       -           Fixed rate bonds -
                                                  October 2032                                                               B Series


           Total                                                            500.000                      -                          Total


       Pada tanggal 21 Oktober 2025, Grup berpartisipasi                   On October 21, 2025 the Group participated in the
       dalam penerbitan instrumen utang jangka panjang                     private issuance of long-term fixed-rate debt
       dengan suku bunga tetap yang ditawarkan secara                      instruments, and subscribed to these debt
       terbatas, dan menempatkan dana pada instrumen                       instruments at a nominal value of Rp250,000 each
       utang tersebut pada nilai nominal masing-masing                     for A series and B series. These debt instruments
       sebesar Rp250.000 untuk Seri A dan Seri B.                          have a contractual maturity of 5 years and 7 years,
       Instrumen utang tersebut memiliki jangka waktu                      respectively including bear a fixed annual coupon
       kontraktual selama masing-masing 5 tahun dan 7                      rate of 2%.
       tahun dan memberikan tingkat kupon tetap sebesar
       2% per tahun.

       Mutasi jumlah tercatat instrumen utang:                             Movement of             carrying       amount       of     debt
                                                                           instruments:
                                                     2025                  2024
       Saldo awal                                           -                         -                               Beginning balance
       Penempatan aset keuangan                       500.000                         -                      Placement of financial assets
       Kerugian ditangguhkan                          (91.578)                        -                                      Deferred loss
       Pendapatan bunga                                 3.771                                                             Interest income
       Saldo akhir setelah                                                                             Ending balance after valuation
        penyesuaian penilaian                         412.193                         -                                adjustment




                                                                 54

     Laporan Tahunan 2025 Annual Report                                                         PT Indoritel Makmur Internasional Tbk         281
Page 284
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      10. INVESTASI PADA INSTRUMEN UTANG (lanjutan)                     10.    INVESTMENT            ON       DEBT        INSTRUMENTS
                                                                              (continued)

           Berikut ini adalah mutasi kerugian            yang                  The following shows the movement on the
           ditangguhkan dari aset keuangan:                                    deferred loss of financial assets:
                                                       2025                     2024
           Saldo awal                                         -                          -                              Beginning balance
           Penambahan selama tahun berjalan              91.578                          -                       Additions during the year
           Amortisasi tahun berjalan                     (3.771)                         -                     Amortization during the year

           Saldo akhir                                   87.807                          -                                  Ending balance



           Grup mengkategorikan aset keuangan ini sebagai                     The Group categorizes these financial assets as
           instrumen Level 3 karena input penilaian tidak dapat               Level 3 instruments as valuation inputs cannot be
           direferensikan pada data yang dapat diobservasi.                   referenced to observable data. The fair value were
           Nilai wajar diestimasi dengan mendiskontokan arus                  estimated using future contractual cash flows
           kas kontraktual masa depan menggunakan tingkat                     discounted by rates currently available for debt on
           bunga yang saat ini tersedia untuk instrumen aset                  similar terms, credit risk and remaining maturities,
           keuangan dengan syarat, risiko kredit, dan jatuh                   adjusted in accordance with the specific
           tempo yang serupa dan disesuaikan dengan                           characteristics of the assets. Sources of
           karakteristik khusus aset tersebut. Sumber input                   unobservable inputs primarily include: issuance
           yang tidak dapat diobservasi terutama mencakup                     was limited to certain investors, limited
           karakteristik berikut: penawaran yang terbatas pada                transferability, and an issuer’s option to repurchase
           investor tertentu, pembatasan atas pengalihan, dan                 at its nominal value.
           opsi penerbit untuk membeli kembali pada nilai
           nominalnya.

      11. INVESTASI JANGKA PANJANG                                       11. LONG-TERM INVESTMENT

           Atrium Stable Fund VCC                                             Atrium Stable Fund VCC

           Pada tanggal 23 Agustus 2023, Perusahaan                           On August 23, 2023, the Company subscribed
           melakukan       penyertaan    17.143     non-voting                17,143 non-voting participating shares of the
           participating shares pada Atrium Stable Fund VCC                   Atrium Stable Fund VCC at a total consideration of
           dengan harga perolehan sejumlah Rp2.400.000                        Rp2,400,000 which primarily investing in debt
           yang diinvestasikan terutama pada efek bersifat                    securities and obligations that are non-speculative
           utang dan obligasi yang tidak bersifat spekulatif.                 in nature. The participating shares will be
           Saham tersebut hanya dapat ditarik pada akhir                      redeemed only at the end of the Charter Life of the
           Charter Life of the Fund yaitu 10 tahun. Penarikan                 Fund which is 10 years. Early redemption is
           lebih awal diperbolehkan dan tergantung kebijakan                  allowed and subject to the sole and absolute
           tunggal dan mutlak dari Atrium Stable Fund VCC.                    discretion of the Atrium Stable Fund VCC.

           Pada tanggal 5 November 2025, Perusahaan                           On November 5, 2025, the Company made an
           melakukan penambahan penyertaan 3.215 non-                         additional subscription of 3,215 non-voting
           voting participating shares pada Atrium Stable Fund                participating shares of the Atrium Stable Fund
           VCC dengan harga perolehan sejumlah Rp450.000                      VCC at a total consideration of Rp450,000 which
           yang diinvestasikan oleh Fund terutama pada                        invested by the Fund primarily in non-speculative
           instrumen efek utang dan obligasi non-spekulatif.                  debt securities and obligations.




                                                                   55

282   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 285
                                                                           The original consolidated financial statements included herein are in
                                                                                                                      the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                      PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                               As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                       For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                           (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


11. INVESTASI JANGKA PANJANG (lanjutan)                                   11. LONG-TERM INVESTMENT (continued)

   Pada tanggal 31 Desember 2025 dan 2024, nilai                                As of December 31, 2025 and 2024, the fair value
   wajar dari investasi tersebut adalah sebesar                                 of such investment is amounting to Rp2,850,000
   Rp2.850.000 (2024: Rp2.400.000).                                             (2024: Rp2,400,000).

   Untuk tahun yang berakhir pada tanggal                                       For the year ended December 31, 2025, the total
   31 Desember 2025, distribusi yang diterima dari                              distribution received from the above investment is
   investasi    di  atas    sejumlah     Rp285.104                              amounting to Rp285,104 (2024: Rp281.615) and
   (2024: Rp281.615) dan dicatat sebagai bagian dari                            was recorded as part of “Finance Income” in the
   “Penghasilan Keuangan” dalam laporan laba rugi                               consolidated statement of profit or loss and other
   dan penghasilan komprehensif lain konsolidasian                              comprehensive income (Note 27).
   (Catatan 27).

12. ASET TETAP                                                            12. FIXED ASSETS

   Aset tetap terdiri dari:                                                     Fixed assets consist of:
                                              Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                        Year Ended December 31, 2025

                                      Saldo Awal/                                            Saldo Akhir/
                                       Beginning      Penambahan/        Pengurangan/          Ending
                                        Balance        Additions          Deductions           Balance

   Biaya perolehan                                                                                                                                Cost
   Tanah                                     25.782                 -                  -              25.782                                      Land
   Bangunan                                  48.376                 -                  -              48.376                                  Building
   Komputer dan perlengkapannya              10.641             6.937                  -              17.578               Computer and equipment
   Peralatan dan perabotan kantor            33.242             3.924                  -              37.166              Office furniture and fixtures
   Kendaraan                                  9.854               649              (415)              10.088                                 Vehicles
   Peralatan jaringan                     5.106.981         1.314.945              (163)           6.421.763                      Network equipment

   Total biaya perolehan                  5.234.876         1.326.455              (578)           6.560.753                                Total cost


   Akumulasi penyusutan                                                                                                  Accumulated depreciation
   Bangunan                                  15.698             2.428                  -              18.126                                  Building
   Komputer dan perlengkapannya               7.099             1.836                  -               8.935               Computer and equipment
   Peralatan dan perabotan kantor            26.760             3.151                  -              29.911              Office furniture and fixtures
   Kendaraan                                  5.132             1.744               (415)              6.460                                 Vehicles
   Peralatan jaringan                     2.079.765           673.044               (115)          2.752.695                      Network equipment

   Total akumulasi depresiasi             2.134.454           682.203               (530)          2.816.127          Total accumulated depreciation

   Nilai buku neto                        3.100.422                                                3.744.626                         Net book value


                                              Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                        Year Ended December 31, 2024

                                      Saldo Awal/                                            Saldo Akhir/
                                       Beginning      Penambahan/        Pengurangan/          Ending
                                        Balance        Additions          Deductions           Balance

   Biaya perolehan                                                                                                                                Cost
   Tanah                                     24.615             1.167                  -              25.782                                      Land
   Bangunan                                  45.536             2.840                  -              48.376                                  Building
   Komputer dan perlengkapannya               7.643             2.998                  -              10.641               Computer and equipment
   Peralatan dan perabotan kantor            29.463             3.779                  -              33.242              Office furniture and fixtures
   Kendaraan                                  9.583             1.662             (1.391)              9.854                                 Vehicles
   Peralatan jaringan                     4.293.734           813.247                  -           5.106.981                      Network equipment

   Total biaya perolehan                  4.410.574           825.693             (1.391)          5.234.876                                Total cost


   Akumulasi penyusutan                                                                                                  Accumulated depreciation
   Bangunan                                  13.376             2.322                  -              15.698                                  Building
   Komputer dan perlengkapannya               6.533               566                  -               7.099               Computer and equipment
   Peralatan dan perabotan kantor            24.290             2.470                  -              26.760              Office furniture and fixtures
   Kendaraan                                  4.780             1.743             (1.391)              5.132                                 Vehicles
   Peralatan jaringan                     1.509.687           570.078                  -           2.079.765                      Network equipment

   Total akumulasi depresiasi             1.558.666           577.179             (1.391)          2.134.454          Total accumulated depreciation

   Nilai buku neto                        2.851.908                                                3.100.422                         Net book value




                                                                 56

 Laporan Tahunan 2025 Annual Report                                                                  PT Indoritel Makmur Internasional Tbk                283
Page 286
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                            FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


      12. ASET TETAP (lanjutan)                                       12. FIXED ASSETS (continued)

           Beban penyusutan untuk tahun yang berakhir pada                 Depreciation expenses for the years ended
           tanggal 31 Desember 2025 dan 2024 dialokasi                     December 31, 2025 and 2024 are allocated as
           sebagai berikut:                                                follows:
                                                 Tahun yang Berakhir pada Tanggal
                                                           31 Desember/
                                                     Year Ended December 31,
                                                       2025              2024
           Beban penjualan (Catatan 24)                  673.044             570.078                         Selling expenses (Note 24)
           Beban umum dan                                                                                    General and administrative
             administrasi (Catatan 25)                        9.159             7.101                            expenses (Note 25)
           Total                                         682.203             577.179                                                  Total



           Keuntungan atas Pelepasan Aset Tetap                            Gain on Disposals of Fixed Assets

                                                 Tahun yang Berakhir pada Tanggal
                                                           31 Desember/
                                                     Year Ended December 31,
                                                       2025              2024
            Penerimaan dari pelepasan                          180                    -                          Proceeds from disposal
            Nilai tercatat neto                                (48)                   -                              Net carrying value
           Keuntungan atas pelepasan                                                                                  Gain on disposal of
             aset tetap (Catatan 26)                           132                    -                        fixed assets (Note 26)


           Pada tanggal 31 Desember 2025 dan 2024,                         As of December 31, 2025 and 2024, certain
           peralatan jaringan tertentu entitas anak digunakan              network equipment of the subsidiary are pledged
           sebagai jaminan atas fasilitas utang bank entitas               as collateral for subsidiary’s bank loan facilities
           anak (Catatan 19).                                              (Note 19).

           Pada tanggal 31 Desember 2025 dan 2024, nilai                   As of December 31, 2025 and 2024, the value of
           perolehan aset tetap Grup yang telah disusutkan                 the Group’s fixed assets that are fully depreciated
           penuh namun masih digunakan adalah masing-                      but are still being used amounted to Rp329,340
           masing sebesar Rp329.340 dan Rp148.431.                         and Rp148,431, respectively.

           Pada tanggal 31 Desember 2025 tanah milik                       As of December 31, 2025, land owned by the
           Perusahaan dengan luas 3.218 meter persegi yang                 Company with total area of 3,218 square meters
           terletak di Tangerang, Banten, merupakan tanah                  located in Tangerang, Banten, is in the form of
           dengan status Hak Guna Bangunan (“HGB”). HGB                    Building Rights (“HGB”). The related HGB will
           tersebut akan berakhir sampai dengan tahun 2047                 expire on 2047 and the management believes that
           dan manajemen berkeyakinan hak ini dapat                        these rights can be renewed upon their expiry.
           diperpanjang pada saat berakhirnya hak tersebut.

           Pada tanggal 31 Desember 2025 dan 2024, aset                    As of December 31, 2025 and 2024, the Group’s
           tetap milik Grup dengan nilai tercatat neto masing-             fixed assets with net carrying value of
           masing sebesar Rp3.669.068 dan Rp3.031.359                      Rp3,669,068 and Rp3,031,359 are covered by
           diasuransikan berdasarkan suatu paket polis                     insurance under blanket policies of Rp2,762,000
           tertentu dengan nilai pertanggungan sebesar                     and Rp1,752,977, respectively, with several
           Rp2.762.000 dan Rp1.752.977 dengan beberapa                     insurance companies which are third parties,
           perusahaan asuransi yang merupakan pihak ketiga,                PT Asuransi Wahana Tata and PT Asuransi Tri
           yaitu PT Asuransi Wahana Tata dan PT Asuransi Tri               Pakarta. The Group’s management believes that
           Pakarta. Manajemen Grup berkeyakinan bahwa nilai                the insurance coverage is adequate to cover
           pertanggungan tersebut adalah memadai untuk                     possible losses that may arise from such risks.
           menutupi kemungkinan kerugian yang mungkin
           timbul atas risiko-risiko terkait.

                                                                 57

284   PT Indoritel Makmur Internasional Tbk                                                    Laporan Tahunan 2025 Annual Report
Page 287
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                 PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                          As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                  For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                      (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


12. ASET TETAP (lanjutan)                                           12. FIXED ASSETS (continued)

   Pada tanggal 31 Desember 2025 dan 2024,                                 As of December 31, 2025 and 2024, the Group’s
   manajemen Grup berkeyakinan bahwa tidak ada                             management believes that there is no event or
   peristiwa  atau   perubahan     keadaan       yang                      change in circumstances that may indicate any
   mengindikasikan penurunan dari nilai aset tetap.                        impairment in value of fixed assets.

   Pada tanggal 31 Desember 2025 dan 2024, uang                            As of December 31, 2025 and 2024, advance for
   muka pembelian aset tetap masing-masing sebesar                         purchase of fixed assets amounting to Rp343,654
   Rp343.654 dan Rp219.340 sebagian besar                                  and Rp219,340, respectively mainly represents
   merupakan pembayaran di muka yang dilakukan                             payment in advance made by MAP to third parties
   MAP kepada pihak ketiga sehubungan dengan                               related to the purchase of network equipment.
   pembelian peralatan jaringan telekomunikasi.

   Kendaraan yang dimiliki oleh MAP diperoleh melalui                      Vehicle owned by a MAP through credit facility
   fasilitas kredit dari PT BCA Finance dan PT Astra                       from PT BCA Finance and PT Astra Sedaya
   Sedaya Finance dan dijaminkan terhadap liabilitas                       Finance and are pledged against the related
   yang terkait. Utang terkait disajikan sebagai “Utang                    liabilities. The related liabilities are presented as
   Pembiayaan Konsumen” dalam laporan posisi                               “Consumer        Financing      Payables”    in   the
   keuangan konsolidasian pada tanggal 31 Desember                         consolidated statement of financial position as of
   2025 dan 2024.                                                          December 31, 2025 and 2024.

13. ASET TAKBERWUJUD                                                13. INTANGIBLE ASSETS

   Rincian dari aset takberwujud adalah sebagai                            The details of intangible assets are as follows:
   berikut:

                                      Goodwill/         Perangkat                Total/
                                      Goodwill        Lunak/Software             Total

    Biaya perolehan                                                                                                                  Cost
       Saldo, 1 Januari 2024                  1.434             13.119                    14.553               Balance, January 1, 2024
       Penambahan                                 -             11.252                    11.252                              Additions

       Saldo, 31 Desember 2024                1.434             24.371                    25.805            Balance, December 31, 2024
       Penambahan                                 -              3.830                     3.830                             Additions

       Saldo, 31 Desember 2025                1.434             28.201                    29.635            Balance, December 31, 2025


    Akumulasi amortisasi                                                                                        Accumulated amortization
       Saldo, 1 Januari 2024                      -             (11.391)              (11.391)                 Balance, January 1, 2024
       Amortisasi tahun berjalan                  -              (2.134)               (2.134)                Amortization during the year

       Saldo, 31 Desember 2024                    -             (13.525)              (13.525)              Balance, December 31, 2024
       Amortisasi tahun berjalan                  -              (4.182)               (4.182)               Amortization during the year

       Saldo, 31 Desember 2025                    -             (17.707)              (17.707)              Balance, December 31, 2025

    Nilai tercatat neto                                                                                               Net carrying amount
        Saldo, 31 Desember 2024               1.434             10.846                    12.280            Balance, December 31, 2024

       Saldo, 31 Desember 2025                1.434             10.494                    11.928            Balance, December 31, 2025




                                                           58

 Laporan Tahunan 2025 Annual Report                                                                PT Indoritel Makmur Internasional Tbk     285
Page 288
                                                                                   The original consolidated financial statements included herein are in
                                                                                                                              the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                       PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                                As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                        For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


      13. ASET TAKBERWUJUD (lanjutan)                                             13. INTANGIBLE ASSETS (continued)

           Nilai perangkat lunak diamortisasi selama empat                             The value of software is amortized over four years
           tahun dengan menggunakan metode garis lurus.                                using the straight-line method. The amortization
           Beban amortisasi untuk tahun yang berakhir pada                             expenses for the years ended December 31, 2025
           tanggal 31 Desember 2025 dan 2024, masing -                                 and 2024 of Rp4,182 and Rp2,134, were
           masing sebesar Rp4.182 dan Rp2.134, disajikan                               presented as part of “Selling Expense” and
           sebagai bagian dari “Beban penjualan” dan “Beban                            “General and Administrative Expenses” in the
           Umum dan Administrasi” dalam laporan laba rugi                              consolidated statement of profit or loss and other
           dan penghasilan komprehensif lain konsolidasian.                            comprehensive income.

           Pada tanggal 31 Desember 2025 dan 2024, tidak                                As of December 31, 2025 and 2024, there was no
           terdapat aset takberwujud yang dijaminkan.                                   intangible asset pledged as collateral.

           Pada tanggal 31 Desember 2025 dan 2024 , uang                                As of December 31, 2025 and 2024, advance for
           muka pembelian aset takberwujud masing-masing                                purchase of intangible asset amounting to
           sebesar Rp6.053 dan Rp46.258 sebagian besar                                  Rp6,053 and Rp46,258 mainly represents
           merupakan pembayaran di muka yang dilakukan                                  payment in advance made by MAP to third parties
           MAP kepada pihak ketiga sehubungan dengan                                    related to the purchase of software.
           pembelian perangkat lunak.

      14. ASET HAK-GUNA DAN LIABILITAS SEWA                                       14. RIGHT-OF-USE               ASSETS          AND        LEASE
                                                                                      LIABILITIES

           Rekonsiliasi aset hak-guna adalah sebagai berikut:                           The reconciliation of right-of-use assets is as
                                                                                        follows:
                                                       Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                  Year Ended December 31, 2025

                                              Saldo awal/
                                              Beginning       Penambahan/        Pengurangan/       Saldo akhir/
                                               balance          Addition          Deduction        Ending balance

           Biaya Perolehan                                                                                                            Acquisition Cost
           Bangunan                                122.999             41.855            (7.854)            157.000                             Building
           Komputer dan perlengkapannya              5.055                  -                  -              5.055              Computer and equipment
           Kendaraan                                 2.812              1.463                  -              4.275                             Vehicles
           Peralatan jaringan                       97.626              7.180           (14.114)             90.692                  Network equipment

           Total Biaya Perolehan                   228.492             50.498           (21.968)            257.022                 Total Acquisition Cost


           Akumulasi Penyusutan                                                                                                 Accumulated Depreciation
           Bangunan                                 68.110             17.966            (4.794)             81.282                             Building
           Komputer dan perlengkapannya              4.945                110                  -              5.055              Computer and equipment
           Kendaraan                                 2.600              1.251                  -              3.851                             Vehicles
           Peralatan jaringan                       53.937             12.843            (7.610)             59.170                  Network equipment

           Total Akumulasi Penyusutan              129.592             32.170           (12.404)            149.358        Total Accumulated Depreciation

           Nilai tercatat neto                      98.900                                                  107.664                 Net carrying amount




                                                                         59

286   PT Indoritel Makmur Internasional Tbk                                                                 Laporan Tahunan 2025 Annual Report
Page 289
                                                                            The original consolidated financial statements included herein are in
                                                                                                                       the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                       PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                                As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                        For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                            (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


14. ASET HAK-GUNA                DAN   LIABILITAS       SEWA               14. RIGHT-OF-USE ASSETS                        AND        LEASE
    (lanjutan)                                                                 LIABILITIES (continued)

                                                Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                           Year Ended December 31, 2024

                                       Saldo awal/
                                       Beginning        Penambahan/       Pengurangan/        Saldo akhir/
                                        balance           Addition         Deduction         Ending balance

    Biaya Perolehan                                                                                                            Acquisition Cost
    Bangunan                                 120.398            20.628            (18.027)           122.999                             Building
    Komputer dan perlengkapannya               5.055                 -                  -              5.055              Computer and equipment
    Kendaraan                                  4.296               198             (1.682)             2.812                             Vehicles
    Peralatan jaringan                       105.456             7.510            (15.340)            97.626                  Network equipment

    Total Biaya Perolehan                    235.205            28.336            (35.049)           228.492                 Total Acquisition Cost


    Akumulasi Penyusutan                                                                                                 Accumulated Depreciation
    Bangunan                                  64.893            16.729            (13.512)            68.110                             Building
    Komputer dan perlengkapannya               4.839               106                  -              4.945              Computer and equipment
    Kendaraan                                  3.671               611             (1.682)             2.600                             Vehicles
    Peralatan jaringan                        54.828            13.182            (14.073)            53.937                  Network equipment

    Total Akumulasi Penyusutan               128.231            30.628            (29.267)           129.592        Total Accumulated Depreciation

    Nilai tercatat neto                      106.974                                                  98.900                 Net carrying amount


   Rincian liabilitas sewa adalah sebagai berikut:                              The details of lease liabilities are as follows:

                                                       31 Desember/December 31,
                                                        2025                  2024

   Liabilitas sewa                                                                                                            Lease liabilities
   Bagian jangka pendek                                      7.517                    8.909                                    Current portion
   Bagian jangka panjang                                    29.941                   36.011                                 Non-current portion

   Total Liabilitas sewa                                    37.458                   44.920                             Total Lease liabilities



   Jumlah yang diakui dalam laporan laba rugi dan                               Amounts recognized in the consolidated
   penghasilan komprehensif lain konsolidasian                                  statement of profit or loss and other
   adalah sebagai berikut:                                                      comprehensive income are as follows:
                                                 Tahun yang Berakhir pada Tanggal
                                                           31 Desember/
                                                     Year Ended December 31,
                                                        2025                  2024

   Bunga atas liabilitas sewa (Catatan 28)                     4.047                  5.003              Interest on lease liabilities (Note 28)
   Beban penyusutan                                                                                               Depreciation of right-of-use
      aset hak-guna (Catatan 24)                            32.170                   30.628                                assets (Note 24)
   Beban terkait liabilitas sewa bernilai                                                                  Expenses related to low value and
      rendah dan jangka pendek                              20.990                   15.200                                short-term lease

   Total                                                    57.207                   50.831                                                 Total




                                                                  60

 Laporan Tahunan 2025 Annual Report                                                                   PT Indoritel Makmur Internasional Tbk           287
Page 290
                                                                          The original consolidated financial statements included herein are in
                                                                                                                     the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                              PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                       As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                               For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                   (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


      14. ASET HAK-GUNA              DAN      LIABILITAS    SEWA          14. RIGHT-OF-USE ASSETS                       AND        LEASE
          (lanjutan)                                                          LIABILITIES (continued)

           Jumlah yang diakui dalam laporan arus kas                          Amounts recognized in the consolidated statement
           konsolidasian adalah sebagai berikut:                              of cash flows are as follows:

                                                     Tahun yang Berakhir pada Tanggal
                                                               31 Desember/
                                                         Year Ended December 31,
                                                           2025             2024

           Jumlah kas keluar untuk                                                                                  Total cash outflow for
              Pembayaran liabilitas sewa                       10.050              10.323                     Payments of lease liabilities
              Pembayaran bunga                                  4.047               5.003                          Payments of interest

           Total                                               14.097              15.326                                                 Total


           Ringkasan perubahan liabilitas yang timbul dari                    Summary of changes in the liabilities arising from
           sewa adalah sebagai berikut:                                       leases is as folllows:

                                                     Tahun yang Berakhir pada Tanggal
                                                               31 Desember/
                                                         Year Ended December 31,
                                                           2025             2024

           Saldo awal                                          44.920              56.773                                 Beginning balance
           Penambahan                                           7.408               1.362                                            Addition
           Penambahan bunga                                     4.047               5.003                                Accretion of interest
           Pembayaran                                         (14.097)            (15.326)                                          Payment
           Terminasi                                           (4.820)             (2.892)                                       Termination

           Saldo akhir                                         37.458              44.920                                    Ending balance


      15. UTANG USAHA - PIHAK KETIGA                                      15. TRADE PAYABLES - THIRD PARTIES

           Rincian utang usaha - pihak ketiga berdasarkan                      The details of trade payables - third parties per
           pemasok adalah sebagai berikut:                                     supplier are as follows:

                                                           31 Desember/December 31,

                                                           2025             2024

             PT Intikom Berlian Mustika                       619.795            369.560                 PT Intikom Berlian Mustika
             PT ZTE Indonesia                                  28.629                  -                          PT ZTE Indonesia
             PT Merbau Prima Sakti                             16.203             38.048                    PT Merbau Prima Sakti
             PT XLSMART Telecom Sejahtera Tbk                  13.309             11.990         PT XLSMART Telecom Sejahtera Tbk
             PT Maja Perdana Utama                              8.858              5.121                   PT Maja Perdana Utama
             PT Mandala Optima                                  7.132              6.578                        PT Mandala Optima
             PT Karunia Indah Cahaya                            6.573              8.141                  PT Karunia Indah Cahaya
             PT Sarana Mitra Powerindo                          6.352                  -                PT Sarana Mitra Powerindo
             PT Labda Karya Manunggal                           5.891                982                PT Labda Karya Manunggal
             PT Tritama Aji Laksana                             5.646              2.735                    PT Tritama Aji Laksana
             PT Besra Utama Sinaran                             5.132              2.291                   PT Besra Utama Sinaran
             Lain-lain (masing-masing                                                                                        Others
               di bawah Rp5.000)                               96.977              77.278                   (each below Rp5,000)

           Total                                              820.497            522.724                                                  Total




                                                                   61

288   PT Indoritel Makmur Internasional Tbk                                                        Laporan Tahunan 2025 Annual Report
Page 291
                                                            The original consolidated financial statements included herein are in
                                                                                                       the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                       PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                        For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                            (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                  Unless Otherwise Stated)


15. UTANG USAHA - PIHAK KETIGA (lanjutan)                   15. TRADE PAYABLES - THIRD PARTIES (continued)

    Analisa umur utang usaha - pihak ketiga adalah               The aging analysis of trade payables - third parties
    sebagai berikut:                                             is as follows:

                                            31 Desember/December 31,

                                             2025             2024

    Lancar                                       92.406             88.940                                              Current
    1 - 30 hari                                 135.779             28.856                                          1 - 30 days
    31 - 60 hari                                119.564             23.220                                         31 - 60 days
    61 - 90 hari                                126.005             13.827                                         61 - 90 days
    Lebih dari 90 hari                          346.743            367.881                                   More than 90 days

    Total                                       820.497            522.724                                                  Total


   Rincian utang usaha berdasarkan mata uang adalah              The details of trade payables based on currencies
   sebagai berikut:                                              are as follows:
                                             31 Desember/December 31,

                                             2025             2024

   Rupiah                                       820.171            521.908                                            Rupiah
   Dolar Amerika Serikat (Catatan 32)               326                507                     United States Dollar (Note 32)
   Dolar Singapura (Catatan 32)                       -                309                        Singapore Dollar (Note 32)

   Total                                        820.497            522.724                                                  Total


    Pada tanggal 31 Desember 2025 dan 2024, tidak                As of December 31, 2025 and 2024, there were no
    terdapat jaminan yang diberikan Grup atas utang              collateral provided by the Group for the above
    usaha di atas.                                               trade payables.

16. BEBAN AKRUAL                                            16. ACCRUED EXPENSES

    Akun ini terdiri dari:                                       This account consists of:
                                            31 Desember/December 31,

                                             2025             2024

    Jasa pemeliharaan                            31.382              24.546                                  Maintenance fees
    Internet                                     31.171               7.970                                           Internet
    Beban bunga (Catatan 19)                     11.381               9.852                        Interest expense (Note 19)
    Sewa                                          3.775               2.241                                            Rental
    Jasa manajemen                                3.725               3.310                                 Management fees
    Lain-lain                                     4.250               2.245                                            Others

    Total                                        85.684              50.164                                                 Total




                                                      62

 Laporan Tahunan 2025 Annual Report                                                   PT Indoritel Makmur Internasional Tbk         289
Page 292
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                              FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


      17. UTANG PAJAK                                                   17. TAXES PAYABLE

           Rincian utang pajak adalah sebagai berikut:                       The details of taxes payable are as follows:
                                                     31 Desember/December 31,

                                                         2025             2024

           Pajak penghasilan:                                                                                                Income taxes:
             Perusahaan                                                                                                         Company
               Pasal 21                                           107                97                                      Article 21
               Pasal 23                                             8                15                                      Article 23
               Pasal 25                                             -             1.842                                      Article 25
               Pasal 29                                         5.007             6.478                                      Article 29
             Entitas Anak                                                                                                   Subsidiaries
               Pasal 4 (2)                                      2.251             1.856                                    Article 4 (2)
               Pasal 21                                           256                28                                      Article 21
               Pasal 23                                         1.120               719                                      Article 23
               Pasal 25                                             -             3.451                                      Article 25
               PPN keluaran                                       273             1.628                                       VAT Out

           Total                                                9.022            16.114                                                 Total



      18. LIABILITAS IMBALAN KERJA                                      18. EMPLOYEE BENEFITS LIABILITIES

           Rincian liabilitas imbalan kerja adalah sebagai                   The details of employee benefits liabilities are as
           berikut:                                                          follows:
                                                     31 Desember/December 31,

                                                         2025             2024

           Liabilitas imbalan kerja                                                                                            Short-term
             jangka pendek                                       611                611                     employee benefits liabilities
           Liabilitas imbalan kerja                                                                                            Long-term
             jangka panjang                                 85.318               73.828                     employee benefits liabilities

           Total                                            85.929               74.439                                                 Total


          Perhitungan aktuaria atas liabilitas imbalan kerja               The actuarial calculation on the long-term
          jangka panjang dilakukan oleh Kantor Konsultan                   employee benefits liability was performed by
          Aktuaria Yusi dan Rekan, aktuaris independen,                    Kantor Konsultan Aktuaria Yusi dan Rekan, an
          tertanggal 25 Februari 2026 untuk tahun 2025 dan                 independent actuary, dated February 25, 2026 for
          tertanggal 26 Februari 2025 untuk tahun 2024.                    2025 and dated February 26, 2025 for 2024. Such
          Laporan aktuaris independen tersebut digunakan                   independent actuary report is used as basis to
          sebagai dasar untuk mencatat liabilitas imbalan kerja            record long-term employee benefits liabilities as of
          jangka panjang pada tanggal 31 Desember 2025                     December 31, 2025 and 2024.
          dan 2024.




                                                                   63

290   PT Indoritel Makmur Internasional Tbk                                                      Laporan Tahunan 2025 Annual Report
Page 293
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                         As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                 For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                     (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


18. LIABILITAS IMBALAN KERJA (lanjutan)                             18. EMPLOYEE                   BENEFITS               LIABILITIES
                                                                        (continued)

   Asumsi-asumsi signifikan yang digunakan dalam                          The significant assumptions                  used      in     the
   perhitungan adalah sebagai berikut:                                    calculations are as follows:
                                              31 Desember/December 31,

                                                 2025                  2024
   Tingkat bunga aktuaria per tahun                4,81-7,13%         6,88% - 7,13%                      Actuarial discount rate per annum
   Tingkat kenaikan gaji per tahun                    6% - 7%                6% - 7%                       Salary increase rate per annum
   Tingkat kematian                               TMI IV-2019            TMI IV-2019                                          Mortality rate
   Umur pensiun                                 55 - 56 tahun/         55 - 56 tahun/                                       Retirement age
                                                 55 - 56 years          55 - 56 years
   Tingkat perputaran                    5% - 6% untuk umur     5% - 6% untuk umur                                            Turnover rate
                                              dibawah 30 dan         dibawah 30 dan
                                        akan turun hingga 0% akan turun hingga 0%
                                               pada umur 54/          pada umur 54/
                                      5% - 6% before the age 5% - 6% before the age
                                                 of 30 and will         of 30 and will
                                           decrease until 0%      decrease until 0%
                                           until the age of 54    until the age of 54
   Tingkat cacat                        5% - 10% dari tingkat 5% - 10% dari tingkat                                           Disability rate
                                         mortalitas/5% - 10%    mortalitas/5% - 10%
                                           from mortality rate    from mortality rate


   Beban imbalan kerja yang diakui dalam laporan laba                     The related expenses recognized in the
   rugi   dan     penghasilan    komprehensif     lain                    consolidated statement of profit or loss and other
   konsolidasian adalah sebagai berikut:                                  comprehensive income are as follows:

                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31,

                                                 2025                  2024

    Biaya jasa kini                                   10.111                     9.817                              Current service cost
    Beban bunga                                        5.036                     3.497                                     Interest cost

    Total                                             15.147                    13.314                                                Total




                                                           64

 Laporan Tahunan 2025 Annual Report                                                            PT Indoritel Makmur Internasional Tbk            291
Page 294
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      18. LIABILITAS IMBALAN KERJA (lanjutan)                           18. EMPLOYEE           BENEFITS           LIABILITIES
                                                                             (continued)
           Mutasi liabilitas imbalan kerja di laporan posisi                The movements of employee benefits liabilities in
           keuangan konsolidasian adalah sebagai berikut:                   the consolidated statement of financial position are
                                                                            as follows:


                                                      31 Desember/December 31,

                                                       2025                2024
           Nilai kini liabilitas imbalan pasti                                                           Present value of defined benefits
              awal tahun                                   73.828                   54.575          obligation at beginning of the year
           Biaya jasa kini                                 10.111                    9.817                             Current service cost
           Beban bunga                                      5.036                    3.497                                     Interest cost
           Kerugian aktuarial dari perubahan                                                                Actuarial loss from changes in
              asumsi keuangan dan                                                                            financial assumptions and
              penyesuaian pengalaman                          (1.344)                6.746                      experience adjustments
           Pembayaran tahun berjalan                          (2.313)                 (807)                       Payment during the year

           Nilai kini liabilitas                                                                                       Present value of
             imbalan pasti                                 85.318                   73.828                defined benefits obligation


           Analisa sensitivitas atas perubahan asumsi                         Sensitivity analysis on the change of financial
           keuangan pada tanggal 31 Desember 2025 adalah                      assumptions as of December 31, 2025 are as
           sebagai berikut:                                                   follows:

                                                   Kenaikan 1%/         Penurunan 1%/
                                                   1% Increase           1% Decrease

           Perubahan tingkat diskonto                                                                           Change in discount rate
             Dampak pada nilai kini                                                                          Effect on present value of
               kewajiban                                      (3.300)              3.713                                   obligation

           Perubahan tingkat kenaikan gaji                                                               Change in salary increase rate
             Dampak pada nilai kini                                                                        Effect on present value of
               kewajiban                                      3.603               (3.261)                                obligation

           Pembayaran kontribusi yang diharapkan dari                         The     following   payments     are    expected
           kewajiban imbalan kerja pada periode mendatang                     contributions to the benefit obligation in future
           adalah sebagai berikut:                                            years:


                                                   31 Desember/December 31,

                                                       2025                2024

               1 tahun                                    43.552                 42.321                                            1 year
               Antara 2 sampai 5 tahun                    22.441                 13.283                             Between 2 and 5 years
               Di atas 5 tahun                           253.537                214.261                                   Beyond 5 years

           Durasi rata-rata dari liabilitas imbalan kerja pada                The average duration of the benefit obligation as
           tanggal 31 Desember 2025 dan 2024 adalah                           of December 31, 2025 and 2024 is 11.32 years
           masing-masing 11,32 tahun dan 9,90 tahun.                          and 9.90 years, respectively.




                                                                  65

292   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 295
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


19. UTANG BANK                                                 19. BANK LOANS

   Rincian utang bank adalah sebagai berikut:                       The details of bank loans are as follows:

                                                31 Desember/December 31,

                                                2025               2024

      Perusahaan                                                                                                 Company
        PT Bank Mandiri (Persero) Tbk             3.667.419           3.700.000            PT Bank Mandiri (Persero) Tbk
      Entitas Anak                                                                                              Subsidiary
        PT Bank Mandiri (Persero) Tbk             3.330.926                      -         PT Bank Mandiri (Persero) Tbk
        PT Bank Negara Indonesia                                                              PT Bank Negara Indonesia
         (Persero) Tbk                                    -           2.646.250                        (Persero) Tbk
      Biaya transaksi yang belum
        diamortisasi                                (34.547)             (29.591)              Unamortized transaction costs

   Sub-total                                      6.963.798           6.316.659                                          Sub-total

   Keuntungan ditangguhkan                          82.581                       -                                  Deferred gain

   Total                                          7.046.379           6.316.659                                               Total



   Utang bank jangka panjang - yang                                                              Current maturities of long-term
     jatuh tempo dalam satu tahun                  814.625              765.000                                    bank loans
   Biaya transaksi yang belum diamortisasi                                                              Unamortized transaction
     untuk utang bank jangka panjang -                                                        costs for long-term bank loans -
     yang jatuh tempo dalam satu tahun             (10.850)              (10.558)                            current maturities

   Total bagian yang jatuh tempo
     dalam satu tahun - neto                       803.775              754.442                  Total current maturities - net


   Utang bank jangka panjang - setelah
     dikurangi bagian yang jatuh                                                                   Long-term bank loans - net of
     tempo dalam satu tahun                       6.183.720           5.581.250                             current maturities
   Biaya transaksi yang belum diamortisasi
     untuk utang bank jangka panjang -                                                        Unamortized transaction costs for
     setelah dikurangi bagian yang                                                              long-term bank loans - net of
     jatuh tempo dalam satu tahun                   (23.697)             (19.033)                          current maturities

   Keuntungan ditangguhkan                          82.581                       -                                  Deferred gain

   Total bagian setelah dikurangi
     bagian yang jatuh tempo                                                                                Total non-current
     dalam satu tahun - neto                      6.242.604           5.562.217                  maturities bank loans - net




                                                         66

 Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk         293
Page 296
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                            FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


      19. UTANG BANK (lanjutan)                                       19. BANK LOANS (continued)

           Perusahaan                                                     The Company

           PT Bank Mandiri (Persero) Tbk                                  PT Bank Mandiri (Persero) Tbk

           Pada tanggal 22 Agustus 2023, Perusahaan                        On August 22, 2023, the Company entered into a
           melakukan Perjanjian Pinjaman dengan PT Bank                    Loan Agreement with PT Bank Mandiri (Persero)
           Mandiri (Persero) Tbk. Berdasarkan perjanjian                   Tbk Based on such loan agreement, the Company
           pinjaman tersebut, Perusahaan memperoleh                        obtained a Special Transaction Loan with the
           fasilitas Pinjaman Transaksi Khusus dengan limit                maximum credit limit of Rp4,000,000 with annual
           kredit maksimum sebesar Rp4.000.000 dengan                      interest rates from the loan for the year ended
           suku bunga dari pinjaman tersebut untuk tahun yang              December 31, 2024 is 8.00% - 9.00%
           berakhir pada tanggal 31 Desember 2024 adalah                   and will mature on August 21, 2028.
           8,00% - 9,00% dan akan jatuh tempo pada tanggal
           21 Agustus 2028.

           Berdasarkan perjanjian pinjaman di atas,                        Based on the above loan agreements, the
           Perusahaan wajib mempertahankan rasio keuangan                  Company must maintain certain financial ratios, as
           tertentu sebagai berikut:                                       follows:
            Debt Service Coverage Ratio lebih dari 100%.                   Debt Service Coverage Ratio more than
                                                                                100%.
               Leverage Ratio maksimal 300%.                               Leverage Ratio at maximum 300%.

           Fasilitas kredit di atas dijamin dengan kepemilikan             The above credit facilities are secured by certain
           saham tertentu Perusahaan di entitas asosiasi (IDM,             shares ownership of the Company in its associates
           ROTI dan FAST) (Catatan 9).                                     (IDM, ROTI and FAST) (Note 9).

           Pada tanggal 31 Desember 2025 dan 31 Desember                   As of December 31, 2025 and December 31, 2024,
           2024, pinjaman terutang dari fasilitas ini sebesar              the outstanding loan for this facility amounting to
           Rp3.300.000 dan Rp3.700.000. Pada tahun 2025,                   Rp3,300,000 and Rp3,700,000, respectively. Total
           Perusahaan melakukan pembayaran sejumlah                        installment payments were made during 2025
           Rp400.000.                                                      amounting to Rp400,000.

           Untuk tahun yang berakhir pada tanggal                          For the years ended December 31, 2025 and
           31 Desember 2025 dan 2024, total beban bunga                    2024, the total interest expenses related to the
           sehubungan dengan fasilitas Pinjaman Transaksi                  above Special Transaction Loans amounting to
           Khusus di atas masing-masing sebesar Rp288.778                  Rp288,778 and Rp355,449, respectively, were
           dan Rp355.449 dan dicatat sebagai bagian dari                   recorded as part of “Finance Costs” in the
           “Biaya Keuangan” dalam laporan laba rugi dan                    consolidated statement of profit or loss and other
           penghasilan komprehensif lain konsolidasian                     comprehensive income (Note 28).
           (Catatan 28).

           Pada tanggal 31 Desember 2025, bunga yang masih                 As of December 31, 2025, the related accrued
           harus dibayar sebesar Rp6.233 dan disajikan                     interest expense amounting to Rp6,233, were
           sebagai “Beban Akrual” dalam laporan posisi                     presented as part of “Accrued Expenses” in the
           keuangan konsolidasian (Catatan 16).                            consolidated statement of financial position
                                                                           (Note 16).




                                                                 67

294   PT Indoritel Makmur Internasional Tbk                                                    Laporan Tahunan 2025 Annual Report
Page 297
                                                              The original consolidated financial statements included herein are in
                                                                                                         the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                         PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                  As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                              (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


19. UTANG BANK (lanjutan)                                     19. BANK LOANS (continued)

   Perusahaan (lanjutan)                                          The Company (continued)

   PT Bank Mandiri (Persero) Tbk (lanjutan)                       PT Bank Mandiri (Persero) Tbk (continued)

   Pada tanggal 29 Oktober 2025, Perusahaan                        On October 29 , 2025, the Company entered into
   melakukan Perjanjian Pinjaman dengan PT Bank                    a Loan Agreement with PT Bank Mandiri (Persero)
   Mandiri (Persero) Tbk. Berdasarkan perjanjian                   Tbk Based on such loan agreement, the Company
   pinjaman tersebut, Perusahaan memperoleh                        obtained a Special Transaction Loan with the
   fasilitas Pinjaman Transaksi Khusus dengan limit                maximum credit limit of Rp225,000 for Tranche 1
   kredit maksimum sebesar Rp225.000 untuk Tranche                 and Rp225,000 for Tranche 2, with annual interest
   1 dan Rp225.000 untuk Tranche 2, dengan suku                    rates from the loan for the year ended December
   bunga dari pinjaman tersebut untuk tahun yang                   31, 2025 is 4.6% and will mature on November 3,
   berakhir pada tanggal 31 Desember 2025 adalah                   2030 and November 3, 2032.
   4,6% dan akan jatuh tempo masing masing pada
   tanggal 3 November 2030 dan 3 November 2032.

   Berdasarkan perjanjian pinjaman di atas,                        Based on the above loan agreements, the
   Perusahaan wajib mempertahankan rasio keuangan                  Company must maintain certain financial ratios, as
   tertentu sebagai berikut:                                       follows:
    Debt Service Coverage Ratio lebih dari 100%.                   Debt Service Coverage Ratio more than
                                                                        100%.
       Leverage Ratio maksimal 300%.                               Leverage Ratio at maximum 300%.

   Fasilitas kredit di atas dijamin dengan gadai Surat             The above credit facilities are secured by pledge
   Utang sebesar Rp500.000 (Catatan 10).                           of debt securities amounting to Rp500,000 (Note
                                                                   10).

   Perusahaan mengkategorikan liabilitas keuangan ini             The Company categorizes these financial liabilities
   sebagai instrumen Level 3 karena input penilaian               as Level 3 instruments as valuation inputs cannot
   tidak dapat direferensikan pada data yang dapat                be referenced to observable data. The fair value
   diobservasi. Nilai wajar diestimasi dengan                     were estimated using future contractual cash flows
   mendiskontokan arus kas kontraktual masa depan                 discounted by rates currently available for debt on
   menggunakan tingkat bunga yang saat ini tersedia               similar terms, credit risk and remaining maturities,
   untuk instrumen liabilitas keuangan dengan syarat,             adjusted in accordance with the specific
   risiko kredit, dan jatuh tempo yang serupa dan                 characteristics of the assets. Sources of
   disesuaikan dengan karakteristik khusus aset                   unobservable        inputs      primarily    include
   tersebut. Sumber input yang tidak dapat diobservasi            characteristics: limited offering to certain parties
   terutama mencakup karakteristik: keterbatasan                  and secured by certain debt securities obtained
   penawaran kepada pihak tertentu dan dijaminkan                 through limited offerings.
   oleh surat utang tertentu yang diperoleh melalui
   penawaran terbatas.




                                                         68

 Laporan Tahunan 2025 Annual Report                                                     PT Indoritel Makmur Internasional Tbk         295
Page 298
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                             FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


      19. UTANG BANK (lanjutan)                                        19. BANK LOANS (continued)

           Perusahaan (lanjutan)                                           The Company (continued)

           PT Bank Mandiri (Persero) Tbk (lanjutan)                        PT Bank Mandiri (Persero) Tbk (continued)

           Mutasi jumlah tercatat utang:                                    Movement of carrying amount of loan:

                                                      2025                  2024
           Saldo awal                                        -                         -                           Beginning balance
           Penarikan fasilitas liabilitas keuangan     450.000                         -         Drawdown of financial liabilities facility
           Keuntungan ditangguhkan                     (85.058)                        -                                  Deferred gain
           Beban bunga                                   2.477                         -                             Interest expense

           Saldo akhir                                 367.419                         -                                  Ending balance


           Berikut ini adalah mutasi keuntungan         yang               The following shows the movement on the deferred
           ditangguhkan dari liabilitas keuangan:                          gain of financial liabilities:

                                                      2025                  2024
           Saldo awal                                        -                         -                               Beginning balance
           Penambahan selama tahun berjalan             85.058                         -                          Addition during the year
           Amortisasi tahun berjalan                    (2.477)                        -                                    Deferred gain

           Saldo akhir                                  82.581                         -                                  Ending balance


            Pada    tanggal 31     Desember 2025        dan                 As of December 31, 2025 and December 31, 2024,
           31 Desember 2024, pinjaman terutang dari fasilitas               the outstanding loan for this facility amounting to
           ini adalah sebesar Rp450.000 (2024: Nihil). Pada                 Rp450,000 (2024:Nil).In 2025, the Company made
           tahun 2025, Perusahaan melakukan penarikan dana                  withdrawal amounting to Rp450,000 (before
           sejumlah Rp450.000 (sebelum dikurangi biaya                      deducted by transaction cost of Rp2,250).
           transaksi sebesar Rp2.250).

           Untuk tahun yang berakhir pada tanggal                           For the years ended December 31, 2025 , the total
           31 Desember 2025, total beban bunga sehubungan                   interest expenses related to the above Special
           dengan fasilitas Pinjaman Transaksi Khusus di atas               Transaction Loans amounting to Rp3,220, were
           sebesar Rp3.220 dan dicatat sebagai bagian dari                  recorded as part of “Finance Costs” in the
           “Biaya Keuangan” dalam laporan laba rugi dan                     consolidated statement of profit or loss and other
           penghasilan komprehensif lain konsolidasian                      comprehensive income (Note 28).
           (Catatan 28).

           Pada tanggal 31 Desember 2025, bunga yang masih                  As of December 31, 2025, the related accrued
           harus dibayar sebesar Rp460 dan disajikan sebagai                interest expense amounting to Rp460, were
           “Beban Akrual” dalam laporan posisi keuangan                     presented as part of “Accrued Expenses” in the
           konsolidasian (Catatan 16).                                      consolidated statement of financial position
                                                                            (Note 16).




                                                                  69

296   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 299
                                                                  The original consolidated financial statements included herein are in
                                                                                                             the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


19. UTANG BANK (lanjutan)                                         19. BANK LOANS (continued)

   Entitas anak                                                       Subsidiary

   PT Bank Negara Indonesia (Persero) Tbk                             PT Bank Negara Indonesia (Persero) Tbk

   Pada tanggal 20 Desember 2019, MAP melakukan                        On December 20, 2019, MAP entered into Loan
   Perjanjian Kredit dengan BNI. Berdasarkan                           Agreement with BNI. Based on such loan
   perjanjian kredit tersebut, MAP memperoleh                          agreement, MAP obtained Syndicated Credit
   Fasilitas Kredit Sindikasi yang terdiri dari:                       Facilities which consists of:

       Fasilitas kredit investasi Tranche A dengan limit                  Investment credit facility Tranche A with a
        kredit maksimum Rp1.475.000. Fasilitas                              maximum credit limit of Rp1,475,000. This
        pinjaman ini digunakan untuk pembayaran                             loan facility is used for repayment
        kembali (refinancing) utang bank MAP yang                           (refinancing) of existing MAP’s bank loan and
        ada dan untuk membiayai pembangunan                                 to finance the construction of fiber optic
        proyek fiber optic tahun 2015 - 2019. Jangka                        projects in year 2015 - 2019. The credit facility
        waktu fasilitas kredit adalah 8 (delapan) tahun                     period is 8 (eight) years and 2 (two) months
        2 (dua) bulan sejak penandatanganan                                 from the date of credit agreement with a
        perjanjian kredit dengan masa penarikan dan                         drawdown and grace period up to
        masa tenggang sampai dengan tanggal                                 December 31, 2019.
        31 Desember 2019.

        Pada tanggal 31 Desember 2019, fasilitas                            As of December 31, 2019, Tranche A
        kredit investasi Tranche A telah digunakan                          Investment credit facility was fully utilized by
        seluruhnya oleh MAP.                                                MAP.

        Pada tanggal 31 Desember 2025 dan 2024,                             As of December 31, 2025 and 2024, the
        pinjaman terutang dari fasilitas ini sebesar Nihil                  outstanding loan for this facility amounting to
        dan Rp988.250.                                                      Nil and Rp988,250, respectively.

       Fasilitas Kredit Investasi Tranche B dengan                        Investment credit facility Tranche B with a
        limit kredit maksimum Rp700.000. Fasilitas                          maximum credit limit of Rp700,000. This loan
        pinjaman ini digunakan untuk membiayai                              facility is used for capital expenditure to
        belanja modal dalam rangka pembangunan                              finance the construction of fiber optic projects
        fiber optic tahun 2020 - 2021. Jangka waktu                         in year 2020 - 2021. The credit facility period
        kredit adalah 10 (sepuluh) tahun sejak                              is 10 (ten) years from the date of credit
        penandatanganan perjanjian kredit dengan                            agreement with a drawdown and grace period
        masa penarikan dan masa tenggang sampai                             up to April 30, 2022.
        dengan 30 April 2022.

        Pada tanggal 25 September 2022, fasilitas                           As of September 25, 2022, Tranche B
        kredit investasi Tranche B telah digunakan                          Investment credit facility was fully utilized by
        seluruhnya oleh MAP.                                                MAP.

        Pada tanggal 31 Desember 2025 dan 2024,                             As of December 31, 2025 and 2024, the
        pinjaman terutang dari fasilitas ini sebesar Nihil                  outstanding loan for this facility amounting to
        dan Rp658.000.                                                      Nil and Rp658,000, respectively.

   Suku bunga fasilitas pinjaman di atas untuk tahun                   Annual interest rates for the above loan facilities
   yang berakhir pada tanggal 31 Desember 2025                         for the year ended December 31, 2025 is 7.75% -
   adalah 7,75% - 8,25% (2024: 7,75% - 8,25%).                         8.25% (2024:7.75% - 8.25%).

   Fasilitas kredit ini dijamin dengan piutang usaha                   This credit facility is secured by trade receivables
   (Catatan 7) dan aset tetap (Catatan 12) tertentu milik              (Note 7) and certain fixed assets (Note 12) owned
   MAP, seluruh kepemilikan saham MAP dan Letter of                    by MAP, all ownership of MAP’s share and Letter
   Undertaking (LOU) dari IMI.                                         of Undertaking (LOU) from IMI.



                                                             70

 Laporan Tahunan 2025 Annual Report                                                         PT Indoritel Makmur Internasional Tbk         297
Page 300
                                                                         The original consolidated financial statements included herein are in
                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


      19. UTANG BANK (lanjutan)                                          19. BANK LOANS (continued)
           Entitas anak (lanjutan)                                           Subsidiary (continued)
           PT Bank Negara Indonesia (Persero) Tbk (lanjutan)                 PT Bank Negara                Indonesia       (Persero)      Tbk
                                                                             (continued)
           Berdasarkan perjanjian di atas, MAP wajib                          Based on the above agreement, MAP must
           mempertahankan rasio keuangan tertentu sebagai                     maintain certain financial ratios, as follows:
           berikut:
            Rasio Lancar minimal 1 (satu) kali.                                  Current Ratio at minimum of 1 (one) time.
            Rasio Utang terhadap Modal maksimal 3 (tiga)                         Debt to Equity Ratio at maximum of 3 (three)
                kali berlaku sejak 30 April 2022.                                  times valid in April 30, 2022.
            Debt Service Coverage Ratio minimal 110%                             Debt Service Coverage Ratio at minimum
                berlaku sejak 30 April 2022.                                       110% valid in April 30, 2022.
           Pada tanggal 21 Mei 2024, MAP melakukan                            On May 21, 2024, MAP entered into Loan
           Perjanjian Kredit dengan BNI. Berdasarkan                          Agreement with BNI. Based on such loan
           perjanjian kredit tersebut, MAP memperoleh                         agreement, MAP obtained Syndicated Credit
           Fasilitas Kredit Sindikasi yang terdiri dari:                      Facilities which consists of:
               Fasilitas kredit investasi Tranche C dengan limit                 Investment credit facility Tranche C with a
                kredit maksimum Rp1.000.000. Fasilitas                             maximum credit limit of Rp1,000,000. This
                pinjaman ini digunakan untuk pembayaran                            loan facility is used for repayment
                kembali (refinancing) utang bank MAP yang                          (refinancing) of existing MAP’s bank loan and
                ada dan untuk membiayai pembangunan                                to finance the construction of fiber optic
                proyek fiber optic tahun 2023 - 2024. Jangka                       projects in year 2023-2024. The credit facility
                waktu fasilitas kredit adalah 10 (sepuluh) tahun                   period is 10 (ten) years from the date of the
                sejak tanggal pencairan kredit pertama dan                         first drawdown and grace period up to
                masa tenggang sampai dengan tanggal                                August 31, 2026.
                31 Agustus 2026.

                Pada tanggal 9 September 2024, fasilitas kredit                    As of September 9, 2024, Tranche C
                investasi Tranche C telah digunakan                                Investment credit facility was fully utilized by
                seluruhnya oleh MAP.                                               MAP.

                Pada tanggal 31 Desember 2024, pinjaman                            As of December 31, 2024, the outstanding
                terutang dari fasilitas ini sebesar Rp1.000.000.                   loan for this facility amounting to Rp1,000,000.
               Fasilitas Kredit Investasi Tranche D dengan                       Investment credit facility Tranche D with a
                limit kredit maksimum Rp620.000. Fasilitas                         maximum credit limit of Rp620,000. This loan
                pinjaman ini digunakan untuk membiayai                             facility is used for capital expenditure to
                belanja modal dalam rangka pembangunan                             finance the construction of fiber optic projects
                fiber optic tahun 2024 - 2025. Jangka waktu                        in year 2024 - 2025. The credit facility period
                kredit adalah 10 (sepuluh) tahun sejak tanggal                     is 10 (ten) years from the date of credit
                pencairan kredit pertama dan masa tenggang                         agreement with a drawdown and grace period
                2 (dua) tahun.                                                     of 2 (two) years from the first drawdown.

                Selama 2024, MAP belum melakukan                                   During 2024, MAP has not drawdown the
                penarikan pinjaman fasilitas kredit Tranche D.                     credit facility of Tranche D.
           Suku bunga fasilitas pinjaman di atas untuk tahun                  Annual interest rates for the above loan facilities
           yang berakhir pada tanggal 31 Desember 2024                        for the year ended December 31, 2024 is 7.75% -
           adalah 7,75% - 8,25%.                                              8.25%.
           Fasilitas kredit ini dijamin dengan piutang usaha                  This credit facility is secured by trade receivables
           (Catatan 7) dan aset tetap (Catatan 12) tertentu milik             (Note 7) and certain fixed assets (Note 12) owned
           MAP, seluruh kepemilikan saham MAP dan Letter of                   by MAP, all ownership of MAP’s share and Letter
           Undertaking (LOU) dari IMI.                                        of Undertaking (LOU) from IMI.




                                                                    71

298   PT Indoritel Makmur Internasional Tbk                                                       Laporan Tahunan 2025 Annual Report
Page 301
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


19. UTANG BANK (lanjutan)                                      19. BANK LOANS (continued)

   Entitas anak (lanjutan)                                         Subsidiary (continued)

   PT Bank Negara Indonesia (Persero) Tbk (lanjutan)               PT Bank Negara                Indonesia       (Persero)      Tbk
                                                                   (continued)

   Berdasarkan perjanjian di atas, MAP wajib                        Based on the above agreement, MAP must
   mempertahankan rasio keuangan tertentu sebagai                   maintain certain financial ratios, as follows:
   berikut:
    Rasio Lancar minimal 1 (satu) kali.                                Current Ratio at minimum of 1 (one) time.
    Rasio Utang terhadap Modal maksimal 3 (tiga)                       Debt to Equity Ratio at maximum of 3 (three)
        kali berlaku sejak 31 Agustus 2026.                              times valid in August 31, 2026.
    Debt Service Coverage Ratio minimal 110%                           Debt Service Coverage Ratio at minimum
        berlaku sejak 31 Agustus 2026.                                   110% valid in August 31, 2026.

   Untuk tahun yang berakhir pada tanggal                           For the year ended December 31, 2025, the total
   31 December 2025, total beban bunga sehubungan                   interest expenses related to the above investment
   dengan fasilitas kredit investasi di atas masing-                credit facilities amounting to Rp13,816, were
   masing sebesar Rp13.816, dicatat sebagai bagian                  recorded as part of “Finance Costs” in the
   dari “Biaya Keuangan” dalam laporan laba rugi dan                consolidated statement of profit or loss and other
   penghasilan komprehensif lain konsolidasian                      comprehensive income (Note 28).
   (Catatan 28).

   Berdasarkan Surat Agen Fasilitas No. SSF/5.1/0296                Based on Facility Agent Letter No. SSF/5.1/0296
   tanggal 3 Februari 2025, MAP telah melunasi                      dated February 3, 2025, MAP has fully paid the
   seluruh pinjaman dari semua fasilitas pinjaman                   remaining balance from all loan facilities of PT
   PT Bank Negara Indonesia (Persero) Tbk pada                      Bank Negara Indonesia (Persero) Tbk on
   tanggal 24 Januari 2025.                                         January 24, 2025.

   PT Bank Mandiri (Persero) Tbk                                   PT Bank Mandiri (Persero) Tbk

   Pada tanggal 17 Januari 2025, MAP melakukan                      On January 17, 2025, MAP entered into Loan
   Perjanjian Pinjaman dengan PT Bank Mandiri                       Agreement with PT Bank Mandiri (Persero) Tbk
   (Persero) Tbk (“Mandiri”) dan PT Bank Syariah                    (“Mandiri”) and PT Bank Syariah Indonesia
   Indonesia (Persero) Tbk (”BSI"). Berdasarkan                     (Persero) Tbk (”BSI"). Based on such loan
   perjanjian pinjaman tersebut, MAP memperoleh                     agreement, MAP obtained Syndicated Credit
   Fasilitas Kredit Sindikasi yang terdiri dari:                    Facilities which consists of:
    Fasilitas kredit investasi Tranche A dengan limit               Current Investment credit facility Tranche A
        kredit maksimum Rp2.750.000. Fasilitas                          with a maximum credit limit of Rp2,750,000.
        pinjaman ini digunakan untuk pembayaran                         This loan facility is used for refinancing of
        kembali (refinancing) utang bank MAP yang                       existing MAP’s bank loan. Maximum
        ada. Masa penarikan kredit sampai dengan                        drawdown period is up to January 31, 2025.
        tanggal 31 Januari 2025.

       Fasilitas Kredit Investasi Tranche B dengan                     Debt Investment credit facility Tranche B with
        limit kredit maksimum Rp1.500.000. Fasilitas                     a maximum credit limit of Rp1,500,000. This
        pinjaman ini digunakan untuk membiayai                           loan facility is used for capital expenditure to
        belanja modal dalam rangka pembangunan                           finance the construction of fiber optic projects
        fiber optic tahun 2024 yang belum dibiayai oleh                  in year 2024 that has not been funded by other
        bank/lembaga keuangan lain dan untuk                             banks/financial institutions, and to finance the
        membiayai belanja modal dalam rangka                             construction of fiber optic projects in 2025 -
        pembangunan fiber optic tahun 2025 - 2026                        2026 to meet the demand for additional
        untuk kebutuhan penambahan homepass.                             homepass. Availability drawdown period and
        Masa penarikan dan masa tenggang adalah 2                        grace period is 2 (two) years from the date of
        (dua) tahun sejak tanggal penandatanganan                        agreement signed.
        perjanjian kredit.



                                                          72

 Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk         299
Page 302
                                                                           The original consolidated financial statements included herein are in
                                                                                                                      the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                        As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                    (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


      19. UTANG BANK (lanjutan)                                            19. BANK LOANS (continued)

           Entitas anak (lanjutan)                                             Subsidiary (continued)

           PT Bank Mandiri (Persero) Tbk (lanjutan)                            PT Bank Mandiri (Persero) Tbk (lanjutan)

           Pada tanggal 17 Januari 2025, MAP melakukan                          On January 17, 2025, MAP entered into Loan
           Perjanjian Pinjaman dengan PT Bank Mandiri                           Agreement with PT Bank Mandiri (Persero) Tbk
           (Persero) Tbk (“Mandiri”) dan PT Bank Syariah                        (“Mandiri”) and PT Bank Syariah Indonesia
           Indonesia (Persero) Tbk (”BSI"). Berdasarkan                         (Persero) Tbk (”BSI"). Based on such loan
           perjanjian pinjaman tersebut, MAP memperoleh                         agreement, MAP obtained Syndicated Credit
           Fasilitas Kredit Sindikasi yang terdiri dari: (lanjutan)             Facilities which consists of: (continued)

              Fasilitas Kredit Investasi Tranche C dengan limit                      Investment credit facility Tranche C with a
               kredit    maksimum       Rp1.650.000.   Fasilitas                       maximum credit limit of Rp1,650,000. This
               pinjaman ini digunakan untuk membiayai belanja                          loan facility is used for capital expenditure to
               modal dalam rangka pembangunan fiber optic                              finance the construction of fiber optic projects
               tahun 2026-2027 untuk kebutuhan penambahan                              in year 2026-2027 to meet the demand for
               homepass. Masa penarikan dan masa tenggang                              additional homepass. Availability drawdown
               adalah     2    (dua)    tahun   sejak   tanggal                        period and grace period is 2 (two) years from
               penandatanganan perjanjian kredit.                                      the date of agreement signed.

           Berdasarkan perjanjian di atas, MAP wajib                            Based on the above agreement, MAP must
           mempertahankan rasio keuangan tertentu sebagai                       maintain certain financial ratios, as follows:
           berikut:
            Rasio Utang terhadap Modal maksimal 3 (tiga)                           Debt to Equity Ratio at maximum of 3 (three)
                kali                                                                 times
            Debt Service Coverage Ratio minimal 110%.                              Debt Service Coverage Ratio at minimum
                                                                                     110%

           Jangka waktu fasilitas kredit adalah maksimal 13                     The credit facility period is 13 (thirteen) years is
           (tiga belas tahun) tahun sejak penandatanganan                       maximum from the date of credit agreement.
           perjanjian kredit.

           Suku bunga fasilitas pinjaman di atas untuk 24 (dua                  Annual interest rates for the above loan facilities
           puluh empat) bulan pembayaran pertama adalah                         for first 24 (twenty four) months of payment is
           7,50%.                                                               7.50%.

           Suku bunga fasilitas pinjaman di atas pada bulan ke                  Annual interest rates for the above loan facilities
           25 (dua puluh lima) sampai dengan bulan ke 156                       for 25th (twenty-fifth) up to 156th (a hundred and
           (seratus lima puluh enam) adalah Reference rate +                    fifty sixth) is Reference rate + Margin 1%.
           Margin minimal 1% per tahun.

           Pada tanggal 31 Desember 2025, bunga yang                            As of December 31, 2025, the related accrued
           masih harus dibayar sebesar Rp4.688 dan disajikan                    interest expense amounting to Rp4,688, were
           sebagai “Beban Akrual” dalam laporan posisi                          presented as part of “Accrued Expenses” in the
           keuangan konsolidasian (Catatan 16).                                 consolidated statement of financial position
                                                                                (Note 16).




                                                                      73

300   PT Indoritel Makmur Internasional Tbk                                                         Laporan Tahunan 2025 Annual Report
Page 303
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


19. UTANG BANK (lanjutan)                                        19. BANK LOANS (continued)

   Entitas anak (lanjutan)                                           Subsidiary (continued)

   PT Bank Mandiri (Persero) Tbk (lanjutan)                          PT Bank Mandiri (Persero) Tbk (lanjutan)

   Pada tanggal 31 Desember 2025 dan 31 Desember                      As of December 31, 2025 and December 31, 2024,
   2024, pinjaman terutang dari fasilitas ini sebesar                 the outstanding loan for this facility amounting to
   Rp3.330.926 dan Rp2.646.250. Pada tahun 2025,                      Rp3,330,926 and Rp2,646,250, respectively.
   perusahaan melakukan penarikan dana sejumlah                       In 2025, the company withdraw funds amounting
   Rp802.075. Jumlah pembayaran yang dilakukan                        to Rp802,075. The total payments made during
   selama tahun 2025 adalah sebesar Rp132.313.                        2025 were Rp132,313.

   Fasilitas kredit ini dijamin dengan piutang usaha                  This credit facility is secured by trade receivables
   (Catatan 7) dan aset tetap (Catatan 12) tertentu milik             (Note 7) and certain fixed assets (Note 12) owned
   MAP, seluruh kepemilikan saham MAP dan Letter of                   by MAP, all ownership of MAP’s share and Letter
   Undertaking (LOU) dari Perusahaan.                                 of Undertaking (LOU) from the Company.

   Untuk tahun yang berakhir pada tanggal                             For the year ended December 31, 2025, the total
   31 Desember 2025, total beban bunga sehubungan                     interest expenses related to the above investment
   dengan fasilitas kredit investasi di atas masing-                  credit facilities amounting to Rp204,798, were
   masing sebesar Rp204.798, dicatat sebagai bagian                   recorded as part of “Finance Costs” in the
   dari “Biaya Keuangan” dalam laporan laba rugi dan                  consolidated statement of profit or loss and other
   penghasilan komprehensif lain konsolidasian                        comprehensive income (Note 28).
   (Catatan 28).

   Kepatuhan atas kovenan                                            Compliance with Covenants

   Pada tanggal 31 Desember 2025 dan 2024, Grup                       As of December 31, 2025 and 2024, the Group has
   telah memenuhi semua kovenan pinjaman-                             either complied with all of the covenants of the
   pinjaman jangka panjang tersebut di atas seperti                   above-mentioned long-term loans as stipulated in
   disebutkan dalam perjanjian kredit atau memperoleh                 the respective loan agreements or obtained
   surat pernyataan pelepasan tuntutan pelunasan                      necessary waivers as required by respective loan
   (waiver) sesuai ketentuan perjanjian kredit terkait.               agreement.




                                                            74

 Laporan Tahunan 2025 Annual Report                                                        PT Indoritel Makmur Internasional Tbk         301
Page 304
                                                                              The original consolidated financial statements included herein are in
                                                                                                                         the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                    PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                             As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                     For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                         (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


      20. MODAL SAHAM                                                        20. SHARE CAPITAL

           Rincian kepemilikan saham Perusahaan pada                               The details of the Company’s share ownership as
           tanggal 31 Desember 2025 dan 2024 berdasarkan                           of December 31, 2025 and 2024 based on report
           laporan dari PT Raya Saham Registra selaku Biro                         from PT Raya Saham Registra, the Shares
           Administrasi Efek adalah sebagai berikut:                               Administration Bureau, are as follows:

                                               Jumlah Saham
                                              Ditempatkan dan
                                               Disetor Penuh/     Persentase
                                                 Number of       Kepemilikan/
                                               Shares Issued     Percentage of           Jumlah/
           Pemegang Saham                      and Fully Paid     Ownership              Amount                                      Shareholders

           Hannawell Group Limited               5.581.931.400            39,35%             1.395.483                   Hannawell Group Limited
           Anthoni Salim                         3.588.278.023            25,30%               897.070                             Anthoni Salim
           PT Megah Eraraharja                   2.854.633.305            20,13%               713.658                      PT Megah Eraraharja
           Masyarakat                                                                                                                     Public
             (masing-masing di bawah 5%)         2.159.157.272            15,22%               539.789                       (each below 5%)

           Total                                14.184.000.000         100,00%               3.546.000                                        Total



           Pengelolaan modal                                                       Capital management

           Grup bertujuan mencapai struktur modal yang                             The Group aims to achieve an optimal capital
           optimal untuk memenuhi tujuan usaha, di antaranya                       structure in pursuit of its business objectives,
           dengan mempertahankan rasio modal yang sehat,                           which include maintaining healthy capital ratios
           dan maksimalisasi nilai pemegang saham.                                 and maximizing stockholder value.

           Beberapa instrumen utang bank Grup memiliki                             Some of the Group’s debt instruments contain
           persyaratan rasio keuangan maksimum yang harus                          covenants that impose maximum leverage ratios.
           dipenuhi. Sebagai tambahan, Perusahaan telah                            In addition, the Company has complied with all
           memenuhi semua persyaratan modal yang                                   capital requirements by bank creditors.
           ditetapkan oleh pihak kreditur bank.

           Ekuitas yang dapat diatribusikan kepada pemilik                         The equity attributable to the equity holders of the
           entitas induk merupakan modal yang dikelola oleh                        parent is the capital managed by the Group. The
           Grup. Tujuan utama pengelolaan modal Grup adalah                        primary objective of the Group’s capital
           untuk memastikan pemeliharaan rasio modal yang                          management is to ensure that it maintains healthy
           sehat untuk mendukung usaha dan memaksimalkan                           capital ratios in order to support its business and
           nilai pemegang saham.                                                   maximize shareholder value.




                                                                     75

302   PT Indoritel Makmur Internasional Tbk                                                            Laporan Tahunan 2025 Annual Report
Page 305
                                                                          The original consolidated financial statements included herein are in
                                                                                                                     the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                     PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                              As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                      For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                          (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)


20. MODAL SAHAM (lanjutan)                                               20. SHARE CAPITAL (continued)

   Kepentingan Nonpengendali                                                   Non-controlling Interest

   Kepentingan Material Dari Pemegang                  Saham                  Material Equity Interests Held by Non-Controlling
   Nonpengendali pada Entitas Anak                                            Interests in Subsidiaries

                                                                    Lokasi Pendirian/
                       Entitas Anak /                                  Country of
                       Subsidiaries                                  Incorporation                    2025                       2024

    PT MAP                                                              Indonesia                            28,03%                  28,03%

                                                                                                             Jumlah/Amount
                                                                                                     2025                        2024
    Saldo akumulasi kepentingan nonpengendali/
        Accumulated balance of non-controlling interests                                                  288.195                     269.705

    Laba yang dapat distribusikan kepada kepentingan nonpengendali/
        Profit attributable to non-controlling interests                                                     18.228                     19.539

   Ringkasan informasi keuangan pada entitas anak                             Summarized financial information in respect of
   Grup yang memiliki kepentingan nonpengendali                               the Group’s subsidiaries that has non-controlling
   ditetapkan di bawah ini. Ringkasan informasi                               interest is set out below. The summarized
   keuangan di bawah ini merupakan jumlah sebelum                             financial information below represents amounts
   eliminasi intra Grup:                                                      before intragroup eliminations:

                                                     31 Desember/December 31

                                                           2025             2024

   Aset lancar                                              1.288.853              952.653                                    Current asset
   Aset tidak lancar                                        4.313.252            3.542.164                                 Non-current asset

   Jumlah aset                                              5.602.105            4.494.817                                        Total assets

   Liabilitas jangka pendek                                 1.299.736            1.043.372                                 Current liabilities
   Liabilitas jangka panjang                                3.162.092            2.376.189                              Non-current liabilities

   Jumlah liabilitas                                        4.461.828            3.419.561                                      Total liabilities


   Pendapatan                                               1.697.182            1.427.731                                       Revenue
   Laba bersih tahun berjalan                                  64.086               69.695                              Profit for the year
   Penghasilan komprehensif lain                                  935               (5.962)                   Other comprehensive income

   Jumlah penghasilan                                                                                          Total comprehensive income
     komprehensif tahun berjalan                              65.021                 63.733                                 for the year




                                                                  76

 Laporan Tahunan 2025 Annual Report                                                                 PT Indoritel Makmur Internasional Tbk           303
Page 306
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                              FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


      21. TAMBAHAN MODAL DISETOR                                       21. ADDITIONAL PAID-IN CAPITAL

           Rincian  dari  akun  ini  pada   tanggal                         The details of this account as of December 31,
           31 Desember 2025 dan 2024 adalah sebagai                         2025 and 2024 are as follows:
           berikut:
                                                          Jumlah/Amount

           Selisih antara jumlah nilai nominal dari                                        Difference between the total par value of the
               14.000.000.000 saham baru yang                                                            14,000,000,000 new shares
               diterbitkan pada tahun 2013 dalam rangka                                            issued in 2013 in connection with
               Penawaran Umum Terbatas Pertama                                                       the First Limited Public Offering
               dengan hasil penerimaan terkait                      3.500.000                                 with proceeds received
           Biaya penerbitan saham                                     (18.150)                                      Share issuance costs

          Neto                                                      3.481.850                                                             Net




      22. DIVIDEN DAN CADANGAN UMUM                                    22. DIVIDENDS AND GENERAL RESERVES


           Berdasarkan Rapat Umum Pemegang Saham                             Based on the Annual General Meeting of
           Tahunan yang diaktakan dengan Akta Notaris Deni                   Shareholders as notarized under Notarial Deed of
           Thanur, S.E., S.H., M.Kn., No. 22 tanggal 25 Juni                 Deni Thanur, S.E., S.H., M.Kn., No. 22 dated June
           2025, para pemegang saham Perusahaan                              25, 2025, the shareholders of the Company
           menyetujui antara lain, pembentukan cadangan                      approved, among others, the appropriation of
           umum atas saldo laba sebesar Rp1.000, dan                         general reserves from retained earnings
           adanya pembagian dividen kas Rp70.920 yang                        amounting to Rp1,000, and the distribution of cash
           dibayarkan oleh perusahaan pada tanggal 29 Juli                   dividends totaling Rp70,920, which were paid by
           2025 sebesar Rp5 per lembar saham (satuan                         the Company on July 29, 2025 at Rp5 per share
           penuh).                                                           (full amount).

           Berdasarkan Rapat Umum Pemegang Saham                             Based on the Annual Shareholders’ General
           Tahunan yang diaktakan dengan Akta Notaris Deni                   Meeting which was notarized by Notarial Deed of
           Thanur, S.E., S.H., M.Kn., No. 28 tanggal 28 Juni                 Deni Thanur, S.E., S.H., M.Kn., No. 28 dated June
           2024, para pemegang saham Perusahaan                              28, 2024, the Company’s shareholders approved,
           menyetujui antara lain, pembentukan cadangan                      among others, appropriation of retained earnings
           umum atas saldo laba sebesar Rp1.000, dan tidak                   for general reserve of Rp1,000 and no distribution
           adanya pembagian dividen.                                         of dividends.




                                                               77

304   PT Indoritel Makmur Internasional Tbk                                                      Laporan Tahunan 2025 Annual Report
Page 307
                                                               The original consolidated financial statements included herein are in
                                                                                                          the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


23. PENDAPATAN          DARI     KONTRAK    DENGAN            23. REVENUE   FROM                     CONTRACTS               WITH
    PELANGGAN                                                     CUSTOMERS

   Akun ini terdiri dari:                                           This account consists of:
                                             Tahun yang Berakhir pada
                                               Tanggal 31 Desember/
                                             Year Ended December 31,

                                               2025              2024

   Jenis jasa                                                                                                    Type of services
   Pihak ketiga:                                                                                                     Third parties:
     Korporasi                                   851.261              777.329                                        Corporate
     Ritel                                       725.628              564.150                                             Retail
     Lain - lain                                 120.293               86.252                                            Others

   Total pendapatan dari                                                                                   Total revenue from
     kontrak dengan pelanggan                  1.697.182            1.427.731                      contracts with customers



   Rincian pendapatan kepada pelanggan yang                         The details of revenue to individual customers
   melebihi 10% dari total pendapatan adalah sebagai                representing more than 10% of the total revenue
   berikut:                                                         are as follows:

                                             Tahun yang Berakhir pada
                                             nilai Tanggal 31 Desember/
                                              Year Ended December 31,

                                               2025              2024

   Total:                                                                                                                 Total:
     PT Cyberindo Aditama                        854.690              646.352                           PT Cyberindo Aditama

   Persentase:                                                                                                     Percentage:
     PT Cyberindo Aditama                        51,08%                45,27%                           PT Cyberindo Aditama



   Pendapatan dari PT Cyberindo Aditama merupakan                   Revenue from PT Cyberindo Aditama represents
   pendapatan yang berasal dari segmen ritel dan                    revenue from retail and corporate segments and
   korporasi dan lain-lain.                                         others.

   Liabilitas kontrak termasuk uang muka yang                       Contract liabilities include advances received to
   diterima untuk memberikan jasa instalasi. Kewajiban              render installation services. The performance
   pelaksanaan dipenuhi dari waktu ke waktu dan                     obligation is satisfied over-time and payment is
   pembayaran umumnya jatuh tempo setelah                           generally due upon completion of installation and
   penyelesaian instalasi dan penerimaan pelanggan.                 acceptance of the customer. In some contracts,
   Dalam beberapa kontrak, uang muka jangka pendek                  short-term advances are required before the
   diperlukan     sebelum    layanan     pemasangan                 installation service is provided.
   disediakan.

   Pada tanggal 31 Desember 2025, Grup                              As of December 31, 2025, the Group has
   memiliki liabilitas kontrak sebesar Rp59.238                     contract liabilities amounting to Rp59,238
   (2024: Rp40.649).                                                (2024: Rp40,649).




                                                         78

 Laporan Tahunan 2025 Annual Report                                                      PT Indoritel Makmur Internasional Tbk         305
Page 308
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                    PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                     AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                      FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                             As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                     For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                         (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                               Unless Otherwise Stated)


      24. BEBAN PENJUALAN                                       24. SELLING EXPENSES

           Akun ini terdiri dari:                                    This account consists of:
                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31,

                                                 2025             2024
           Penyusutan aset tetap (Catatan 12)      673.044             570.078            Depreciation of fixed assets (Note 12)
           Gaji dan imbalan kerja                  150.478             130.155                 Salaries and employee benefits
           Sewa                                    141.108              92.250                                             Rental
           Internet                                 71.885              49.284                                           Internet
           Perbaikan dan pemeliharaan               64.647              55.408                        Repairs and maintenance
           Biaya administrasi                       33.930              25.401                                 Administration fee
           Penyusutan                                                                               Depreciation of right-of-use
              aset hak-guna (Catatan 14)             32.170              30.628                               assets (Note 14)
           Listrik                                   12.611              10.350                                        Electricity
           Transportasi                               4.733               4.421                                   Transportation
           Lain-lain                                  7.665              20.436                                           Others

           Total                                  1.192.271            988.411                                                  Total



      25. BEBAN UMUM DAN ADMINISTRASI                           25. GENERAL AND ADMINISTRATIVE EXPENSES

           Akun ini terdiri dari:                                    This account consists of:

                                                Tahun yang Berakhir pada
                                                  Tanggal 31 Desember/
                                                Year Ended December 31,

                                                 2025             2024

           Gaji dan imbalan kerja                  122.197             112.924                 Salaries and employee benefits
           Alat tulis dan perlengkapan kantor       29.527              14.429                   Stationery and office supplies
           Sewa dan service charge                  22.117              17.027                       Rental and service charge
           Penyusutan aset tetap (Catatan 12)        9.159               7.101            Depreciation of fixed assets (Note 12)
           Perbaikan dan pemeliharaan                7.448              10.565                       Repairs and maintenance
           Jasa tenaga ahli                          6.474               7.311                                 Professional fees
           Entertainment                             2.962               2.261                                    Entertainment
           Lain-lain                                10.619              13.505                                           Others

           Total                                   210.503             185.123                                                  Total




                                                         79

306   PT Indoritel Makmur Internasional Tbk                                              Laporan Tahunan 2025 Annual Report
Page 309
                                                          The original consolidated financial statements included herein are in
                                                                                                     the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                     PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                              As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                      For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                          (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


26. BEBAN LAINNYA - NETO                                  26. OTHER EXPENSE - NET

   Akun ini terdiri dari:                                      This account consists of:
                                          Tahun yang Berakhir pada
                                            Tanggal 31 Desember/
                                          Year Ended December 31,

                                           2025             2024

    Keuntungan pelepasan                                                                                  Gain on disposal of
      aset tetap (Catatan 12)                     132                     -                         fixed assets (Note 12)
    Penambahan (Pemulihan)                                                                                Addition (recovery)
      kerugian kredit                                                                                         for expected
      ekspetasian investasi jangka                                                                credit loss of short-term
      pendek - neto (Catatan 6)                   (378)             2.349                      investments - net (Note 6)
    Beban pajak                                   (578)            (1.230)                                     Tax expenses
    Penambahan cadangan kerugian                                                                   Addition of allowance for
      kredit ekspetasian piutang                                                             expected credit loss of trade
      usaha - neto (Catatan 7)                 (1.523)             (6.607)                      receivables - net (Note 7)
    Penambahan cadangan kerugian kredit                                                               Allowance for expected
      ekspetasian aset keuangan                                                                   credit loss of other non-
      tidak lancar lainnya                           -                (162)                       current financial assets
    Lain-lain                                     (417)              3.589                                             Others

    Total beban
       lainnya - neto                          (2.764)             (2.061)                       Total other expense - net




27. PENGHASILAN KEUANGAN                                  27. FINANCE INCOME

   Akun ini terdiri dari:                                      This account consists of:

                                          Tahun yang Berakhir pada
                                           Tanggal 31 Desember/
                                          Year Ended December 31,

                                           2025             2024

   Pendapatan dari investasi jangka                                                                           Income from
     panjang (Catatan 11)                    285.104             281.615                  long-term investment (Note 11)
   Pendapatan dari investasi jangka                                                                           Income from
     pendek (Catatan 6)                      131.170             207.732                  short-term investment (Note 6)
   Pendapatan bunga                           51.636              42.819                                   Interest income

   Total                                     467.910             532.166                                                 Total




                                                    80

 Laporan Tahunan 2025 Annual Report                                                 PT Indoritel Makmur Internasional Tbk         307
Page 310
                                                                     The original consolidated financial statements included herein are in
                                                                                                                the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                         PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                           FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                  As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                              (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


      28. BIAYA KEUANGAN                                             28. FINANCE COSTS

           Akun ini terdiri dari:                                         This account consists of:

                                                     Tahun yang Berakhir pada
                                                      Tanggal 31 Desember/
                                                     Year Ended December 31,

                                                      2025             2024

           Beban bunga                                  510.612             534.397                                  Interest expenses
           Beban denda                                   27.062                   -                                  Penalty expenses
           Amortisasi biaya transaksi                                                                       Amortization of transaction
            atas utang bank (Catatan 33)                 20.958               13.685                  costs of bank loans (Note 33)
           Beban bunga liabilitas                                                                                Interest expenses on
            sewa (Catatan 14)                                4.047             5.003                       lease liabilities (Note 14)
           Lain-lain                                           170                 4                                              Others

           Total                                        562.849             553.089                                                  Total



      29. PERPAJAKAN                                                 29. TAXATION

           Rincian beban pajak penghasilan - neto Grup adalah             The details of income tax expense - net of the
           sebagai berikut:                                               Group are as follows:
                                                     Tahun yang Berakhir pada
                                                      Tanggal 31 Desember/
                                                     Year Ended December 31,
                                                      2025             2024
           Beban pajak penghasilan - kini                                                                Income tax expense - current
             Perusahaan                                  (22.626)            (24.160)                                   Company
             Entitas anak                                (20.998)            (21.121)                                 Subsidiaries
           Manfaat (beban) pajak
             penghasilan - tangguhan                                                         Income tax benefit (expense) - deferred
             Perusahaan                                        336              (264)                                  Company
             Entitas anak                                    6.757            (8.208)                                Subsidiaries
           Beban pajak penghasilan - neto                (36.531)            (53.753)                     Income tax expense - net




                                                                81

308   PT Indoritel Makmur Internasional Tbk                                                   Laporan Tahunan 2025 Annual Report
Page 311
                                                          The original consolidated financial statements included herein are in
                                                                                                     the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                     PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                              As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                      For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                          (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                Unless Otherwise Stated)


29. PERPAJAKAN (lanjutan)                                 29. TAXATION (continued)

   Rekonsiliasi    antara laba    sebelum    pajak             The reconciliation between profit before income
   penghasilan, sebagaimana tercantum pada laporan             tax as included in the consolidated statement of
   laba rugi dan penghasilan komprehensif lain                 profit or loss and other comprehensive income and
   konsolidasian, dengan laba kena pajak adalah                taxable income are as follows:
   sebagai berikut:
                                          Tahun yang Berakhir pada
                                            Tanggal 31 Desember/
                                          Year Ended December 31,
                                           2025             2024
   Laba sebelum pajak penghasilan
     menurut laporan laba rugi dan                                               Profit before income tax per consolidated
     penghasilan komprehensif                                                              statement of profit or loss and
     lain konsolidasian                     1.310.339          1.145.363                    other comprehensive income
   Dikurangi:                                                                                                           Less:
     Laba sebelum pajak                                                                         Profit before income tax -
        penghasilan - entitas anak            (78.331)            (99.023)                                  subsidiaries

   Laba sebelum pajak penghasilan                                                                 Profit before income tax
     - Perusahaan                           1.232.008          1.046.340                                  - the Company
   Beda temporer:                                                                                  Temporary differences:
     Imbalan kerja                                1.148              1.147                           Employee benefits
     Kerugian kredit ekspetasian -                                                              Expected credit losses -
        investasi jangka pendek                    377             (2.348)                     short-term investment
   Beda tetap:                                                                                     Permanent differences:
     Beban yang telah                                                                                          Expenses
        dikenakan pajak final                     4.831              4.310               already subjected to final tax
     Penghasilan bunga yang telah
        dikenakan pajak penghasilan                                                   Interest income already subjected
        yang bersifat final                   (26.918)           (25.097)                                  to final tax
     Laba dari entitas asosiasi            (1.108.769)          (914.961)                        Income from associates
     Lain-lain                                    167                424                                          Others

   Laba kena pajak                           102.844             109.815                                     Taxable income




                                                     82

 Laporan Tahunan 2025 Annual Report                                                 PT Indoritel Makmur Internasional Tbk         309
Page 312
                                                                    The original consolidated financial statements included herein are in
                                                                                                               the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                        PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                          FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                 As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                             (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


      29. PERPAJAKAN (lanjutan)                                     29. TAXATION (continued)

           Perhitungan utang pajak penghasilan dan taksiran              The computation of income tax payable and
           tagihan pajak penghasilan adalah sebagai berikut:             estimated claims for tax refund are as follows:


                                                    Tahun yang Berakhir pada
                                                      Tanggal 31 Desember/
                                                    Year Ended December 31,

                                                     2025             2024
           Beban pajak penghasilan - kini                                                             Income tax expense - current
             Perusahaan                                 (22.626)            (24.160)                              The Company
             Entitas anak                               (20.998)            (21.121)                               Subsidiaries

           Beban pajak penghasilan                                                                               Consolidated income
             konsolidasian - kini                      (43.624)             (45.281)                         tax expense - current

           Dikurangi pajak dibayar di muka:                                                                       Less prepaid taxes:
             Perusahaan                                                                                               The Company
                Pasal 25                                17.618               17.682                                      Article 25
             Entitas anak                                                                                               Subsidiaries
                Pasal 22                                     2                    -                                      Article 22
                Pasal 23                                31.791               25.435                                      Article 23
                Pasal 25                                     -               31.059                                      Article 25

           Pembayaran pajak penghasilan                                                               Consolidated prepayments of
             di muka konsolidasian                      49.411               74.176                              income taxes

           Utang pajak penghasilan                                                                                Income tax payable
             Perusahaan                                     5.007             6.478                                 The Company

           Utang pajak penghasilan                                                                            Consolidated income
             konsolidasian                                  5.007             6.478                                tax payable


           Lebih bayar pajak penghasilan                                                     Overpayment of corporate income tax
             Entitas anak                               10.795               35.373                               Subsidiary




                                                               83

310   PT Indoritel Makmur Internasional Tbk                                                   Laporan Tahunan 2025 Annual Report
Page 313
                                                             The original consolidated financial statements included herein are in
                                                                                                        the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                        PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                 As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                         For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                             (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


29. PERPAJAKAN (lanjutan)                                    29. TAXATION (continued)
   Rekonsiliasi antara beban pajak penghasilan                    The reconciliation between income tax expense,
   Pembuktian yang dihitung dengan menggunakan                    calculated by applying the applicable tax rate to
   tarif pajak yang berlaku dari laba sebelum pajak               the profit before income tax and income tax
   penghasilan, dan beban pajak penghasilan seperti               expense as shown in the consolidated statement
   yang disajikan dalam laporan laba rugi dan                     of profit or loss and other comprehensive income
   penghasilan komprehensif lain konsolidasian adalah             are as follows:
   sebagai berikut:

                                           Tahun yang Berakhir pada
                                             Tanggal 31 Desember/
                                           Year Ended December 31,
                                              2025             2024
   Laba sebelum pajak penghasilan
     menurut laporan laba rugi dan                                               Profit before income tax per consolidated
     penghasilan komprehensif                                                            statement of profit or loss and
     lain konsolidasian                       1.310.339           1.145.363               other comprehensive income

  Beban pajak penghasilan                                                                           Income tax expense at
     dengan tarif pajak yang berlaku            288.275             251.980                          applicable tax rate
  Beda tetap:                                                                                      Permanent differences:
     Beban yang telah                                                                                         Expenses
        dikenakan pajak final                        1.063               948             already subjected to final tax
     Beban yang tidak dapat dikurangkan
        untuk tujuan pajak                           3.542             2.800                   Non-deductible expenses
     Penghasilan bunga yang telah
        dikenakan pajak penghasilan                                                 Interest income already subjected
        yang bersifat final                      (11.349)             (9.348)                             to final tax
     Laba dari entitas asosiasi                                                                Income from associates
        dan ventura bersama                    (245.000)           (201.113)                       and joint venture
     Penyesuaian atas pajak tangguhan                 -               8.486       Adjusment in respect of deferred tax

   Beban pajak penghasilan                       36.531               53.753                            Income tax expense




                                                        84

 Laporan Tahunan 2025 Annual Report                                                    PT Indoritel Makmur Internasional Tbk         311
Page 314
                                                                                         The original consolidated financial statements included herein are in
                                                                                                                                    the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                             PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                                      As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                              For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)


      29. PERPAJAKAN (lanjutan)                                                          29. TAXATION (continued)

           Pajak tangguhan                                                                     Deferred taxes

           Mutasi aset pajak tangguhan adalah sebagai                                          The movements in deferred tax assets are as
           berikut:                                                                            follows:
                                                            Tahun yang Berakhir pada tanggal 31 Desember 2025/
                                                                      Year Ended December 31, 2025

                                                                        Dibebankan ke/Charged to

                                                                                          Penghasilan
                                                                                         Komprehensif
                                                       Saldo                               Lain - neto/           Saldo
                                                       Awal/                                  Other               Akhir/
                                                     Beginning        Laba Rugi/        Comprehensive            Ending
                                                      Balance        Profit or Loss       Income - net           Balance

           Perusahaan                                                                                                                                     Company
           Liabilitas imbalan kerja                                                                                                   Long-term employee benefits
              jangka panjang                                1.545                253                 (32)              1.766                           liabilities
           Aset tetap                                           2                  -                   -                   2                           Fixed assets
           Cadangan kerugian kredit ekspektasian            1.215                 83                   -               1.298    Allowance for expected credit losses

           Entitas anak                                                                                                                               Subsidiaries
           Liabilitas imbalan kerja                                                                                                    Long-term employee benefits
              jangka panjang                               14.831              2.571               (264)              17.138                           liabilities
           Aset tetap                                     (17.493)            (1.836)                 -              (19.329)                          Fixed assets
           Cadangan kerugian kredit ekspektasian             5.921               517                  -                6.438    Allowance for expected credit losses
           Pendapatan ditangguhkan                           8.942             4.090                  -               13.032                      Deferred revenue
           Sewa                                            (1.791)             1.416                  -                 (375)                                 Leases

           Total                                           13.172              7.094               (296)              19.970                                  Total



                                                            Tahun yang Berakhir pada tanggal 31 Desember 2024/
                                                                      Year Ended December 31, 2024

                                                                        Dibebankan ke/Charged to

                                                                                          Penghasilan
                                                                                         Komprehensif
                                                       Saldo                               Lain - neto/           Saldo
                                                       Awal/                                  Other               Akhir/
                                                     Beginning        Laba Rugi/        Comprehensive            Ending
                                                      Balance        Profit or Loss       Income - net           Balance

           Perusahaan                                                                                                                                      Company
           Liabilitas imbalan kerja jangka panjang                                                                                    Long-term employee benefits
                                                            1.490                253               (198)               1.545                            liabilities
           Aset tetap                                           2                  -                  -                    2                           Fixed assets
           Cadangan kerugian kredit ekspektasian            1.732               (517)                 -                1.215    Allowance for expected credit losses

           Entitas anak                                                                                                                               Subsidiaries
           Liabilitas imbalan kerja                                                                                                    Long-term employee benefits
              jangka panjang                               10.650              2.499               1.682              14.831                            liabilities
           Aset tetap                                     (14.742)            (2.751)                  -             (17.493)                          Fixed assets
           Cadangan kerugian kredit ekspektasian            4.431              1.490                   -               5.921    Allowance for expected credit losses
           Pendapatan ditangguhkan                         11.055             (2.113)                  -               8.942                      Deferred revenue
           Sewa                                             5.542             (7.333)                  -              (1.791)                                 Leases

           Total                                           20.160             (8.472)              1.484              13.172                                  Total




                                                                               85

312   PT Indoritel Makmur Internasional Tbk                                                                          Laporan Tahunan 2025 Annual Report
Page 315
                                                           The original consolidated financial statements included herein are in
                                                                                                      the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                      PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                               As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                       For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                           (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                 Unless Otherwise Stated)


29. PERPAJAKAN (lanjutan)                                  29. TAXATION (continued)

   Taksiran tagihan pajak                                       Estimated claims for tax refund

   Rincian taksiran tagihan pajak berdasarkan tahun             The details of the estimated claims for tax refund
   fiskal disajikan sebagai berikut:                            based on fiscal year are as follows:

                                          31 Desember/December 31,

                                            2025             2024

   Entitas anak                                                                                           Subsidiaries
     Lebih bayar pajak penghasilan:                                              Overpayments of corporate income tax:
        Tahun 2025                             10.795                     -                              Year 2025
        Tahun 2024                             35.630                35.373                              Year 2024

   Total                                       46.425                35.373                                                Total


   MAP                                                          MAP

   Pajak Penghasilan Badan Tahun 2024                           2024 Corporate Income Tax

   Pada 2 Mei 2025, Perusahaan mengajukan                       In May 2, 2025, the Company submit
   kelebihan pembayaran pajak penghasilan badan                 overpayment of corporate income tax in its annual
   dalam Surat Pemberitahuan (“SPT”) Tahunan                    income tax return (“SPT”) to the Tax Office
   kepada     Kantor   Pajak   sebesar   Rp35.630.              amounting to Rp35,630. The Company is still
   Perusahaan masih menunggu keputusan dari                     waiting the Indonesian Tax Authority’s decision
   Direktorat Jenderal Pajak sampai dengan tanggal              up to the completion date of the consolidated
   penyelesaian laporan keuangan konsolidasian.                 financial statements.



30. LABA PER SAHAM DASAR                                   30. BASIC EARNINGS PER SHARE

   Rincian perhitungan dasar laba per saham adalah             Details of basic earnings per share computation
   sebagai berikut:                                            are as follows:
                                          Tahun yang Berakhir pada
                                            Tanggal 31 Desember/
                                          Year Ended December 31,

                                            2025             2024

   Laba tahun berjalan yang dapat
     diatribusikan kepada pemilik                                                         Profit for the year attributable to
     entitas induk                           1.255.580          1.072.071                    owners of the parent entity

   Rata-rata tertimbang jumlah                                                               Weighted-average number of
     saham yang beredar                        14.184                14.184                         outstanding shares

   Dasar Laba per saham (nilai penuh)              88,52              75,58    Basic Earnings per share (full amount)




                                                      86

 Laporan Tahunan 2025 Annual Report                                                  PT Indoritel Makmur Internasional Tbk         313
Page 316
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                            FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


      31. SALDO DAN TRANSAKSI-TRANSAKSI DENGAN                        31. BALANCES AND                   TRANSACTIONS               WITH
          PIHAK BERELASI                                                  RELATED PARTY

            Tidak ada transaksi dengan pihak berelasi selama               There were no transaction with related party
            tahun 2025 dan 2024.                                           during 2025 and 2024.

            Gaji dan imbalan kerja jangka pendek merupakan                 Salaries and short-term employee benefits
            imbalan kepada manajemen kunci Grup atas jasa                  compensation to the key management of the
            kepegawaian dengan rincian sebagai berikut:                    Group for employee services are as follows:
                                                     Tahun yang Berakhir pada
                                                       Tanggal 31 Desember/
                                                     Year Ended December 31,

                                                       2025             2024

           Dewan Komisaris                                 3.648                3.577                        Board of Commissioners
           Direksi                                        51.275               45.498                              Board of Directors

           Total                                          54.923               49.075                                               Total




      32. ASET DAN LIABILITAS DALAM MATA UANG                         32. ASSET  AND                LIABILITY          IN     FOREIGN
          ASING                                                           CURRENCY

           Grup memiliki aset dan liabilitas moneter dalam mata            The Group has monetary assets and liabilities
           uang asing sebagai berikut:                                     denominated in foreign currencies as follows:

                                                 Mata uang asing
                                                  (nilai penuh)/
                                                Foreign Currency 31 Desember 2025/
                                                  (full amount)  December 31, 2025

            Aset Lancar                                                                                                 Current Assets
            Kas di Bank                                                                                                   Cash in Bank
              Dalam Dolar AS                              80.635                1.353                                    In US Dollar
            Piutang usaha                                                                                            Trade receivables
            Pihak ketiga                                                                                                   Third parties
              Dalam Dolar AS                                  8.060               135                                    In US Dollar
            Piutang lain-lain                                                                                        Other receivables
              Dalam Dolar AS                                  4.938                 83                                   In US Dollar

            Total Aset Keuangan                                                                                 Total Financial Assets
              dalam Mata Uang Asing                                             1.571                           in Foreign Currencies


            Liabilitas Jangka Pendek                                                                                  Current Liabilities
            Utang Usaha                                                                                                Trade payables
            Pihak ketiga                                                                                                   Third parties
               Dalam Dolar AS                            (19.506)               (326)                                    In US Dollar

            Total Liabilitas Keuangan                                                                        Total Financial Liabilities
              dalam Mata Uang Asing                                             (326)                         in Foreign Currencies


            Aset Keuangan Neto                                                                                    Net Financial Assets
              dalam Mata Uang Asing                                             1.245                          in Foreign Currencies




                                                                87

314   PT Indoritel Makmur Internasional Tbk                                                    Laporan Tahunan 2025 Annual Report
Page 317
                                                              The original consolidated financial statements included herein are in
                                                                                                         the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                         PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                  As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                          For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                              (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


33. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                     33. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN                                                      AND POLICIES

    Risiko utama dari instrumen keuangan Grup adalah                The main risks arising from the Group’s financial
    risiko tingkat suku bunga, risiko mata uang asing,              instruments are interest rate risk, foreign
    risiko kredit, risiko likuiditas, dan risiko harga              currency risk, credit risk, liquidity risk and
    komoditas. Direksi menelaah dan menyetujui                      commodity price risk. The Board of Directors
    kebijakan untuk mengelola masing-masing risiko,                 reviews and approves the policies for managing
    sebagaimana dijelaskan secara rinci sebagai                     each of these risks, which are described in more
    berikut:                                                        detail as follows:

    Manajemen risiko                                                Risk management

    a. Risiko tingkat suku bunga                                     a.   Interest rate risk

        Risiko tingkat suku bunga Grup terutama timbul                    The Group’s interest rate risk mainly arises
        dari pinjaman untuk tujuan modal kerja dan                        from loans for working capital and
        investasi. Saat ini, Grup tidak mempunyai                         investment purposes. Currently, the Group
        kebijakan formal lindung nilai atas risiko tingkat                does not have a formal hedging policy for
        suku bunga.                                                       interest rate exposures.

        Untuk kredit modal kerja dan kredit investasi,                    For working capital and investment loans,
        Grup berusaha mengurangi risiko tingkat suku                      the Group may seek to mitigate its interest
        bunganya dengan cara selalu melakukan                             rate risk by continuously monitoring the
        pengawasan terhadap tingkat suku bunga yang                       interest rates in the market.
        berlaku di pasar.

        Pada tanggal 31 Desember 2025, jika tingkat                       As at December 31, 2025, had the interest
        suku bunga pinjaman lebih tinggi/lebih rendah                     rates of the loans and borrowings been 100
        sebesar 100 basis poin dengan semua variabel                      basis points higher/lower with all other
        konstan, laba sebelum pajak penghasilan untuk                     variables held constant, income before
        tahun yang berakhir pada tanggal 31 Desember                      income tax for the year ended December 31,
        2025 akan lebih rendah/tinggi sebesar Rp66.555                    2025 would have been Rp66,555
        terutama sebagai akibat lebih tinggi/lebih rendah                 lower/higher, mainly as a result of
        biaya bunga atas pinjaman dengan tingkat bunga                    higher/lower interest charge on the loans
        mengambang.                                                       and borrowings with floating interest rates.

    b. Risiko Mata Uang Asing                                       b. Foreign Currency Risk

        Mata uang pelaporan Grup adalah rupiah. Grup                      The Group’s reporting currency is the rupiah.
        menghadapi risiko nilai tukar mata uang asing                     The Group faces foreign exchange risk as the
        karena biaya dari beberapa pembelian                              costs of certain key purchases are
        utamanya dalam mata uang asing, seperti dolar                     denominated in foreign currencies, such as
        Amerika Serikat, dan dolar Singapura. Apabila                     US Dollar and Singapore Dollar. To the
        pembelian Grup di dalam mata uang selain                          extent that the purchases of the Group are
        rupiah, dan tidak seimbang dalam hal                              denominated in currencies other than the
        kuantitas/jumlah dan/atau pemilihan waktu,                        rupiah and are not evenly matched in terms
        Grup harus menghadapi risiko mata uang asing.                     of quantity/volume and/or timing, the Group
                                                                          has exposure to foreign currency risk.

        Grup tidak mempunyai kebijakan lindung nilai                      The Group does not have any formal hedging
        yang formal untuk laju pertukaran mata uang                       policy for foreign exchange exposure.
        asing. Namun demikian, Perusahaan menjaga                         However,      the    Company       maintains
        transaksi dan saldo mata uang asing pada level                    transactions and balances in foreign
        minimal untuk meminimalkan risiko mata uang                       currencies at a minimum level in order to
        asing.                                                            minimize foreign currency risk exposure.




                                                         88

 Laporan Tahunan 2025 Annual Report                                                     PT Indoritel Makmur Internasional Tbk         315
Page 318
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                             FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


      33. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                        33. FINANCIAL RISK MANAGEMENT OBJECTIVES
          KEUANGAN (lanjutan)                                              AND POLICIES (continued)

            Manajemen risiko (lanjutan)                                    Risk management (continued)

            b. Risiko Mata Uang Asing (lanjutan)                           b. Foreign Currency Risk (continued)

                Pada tanggal 31 Desember 2025, jika nilai tukar                  As of December 31, 2025, had the exchange
                rupiah     terhadap    mata     uang     asing                   rate of the rupiah against the foreign
                melemah/menguat sebanyak 1% dengan                               currencies depreciated/appreciated by 1%,
                semua variabel konstan, laba sebelum pajak                       with all other variables held constant, income
                penghasilan untuk tahun yang berakhir pada                       before income tax for the year ended
                tanggal 31 Desember 2025 akan lebih                              December 31, 2025 would have been Rp124
                tinggi/rendah sebesar Rp124, terutama sebagai                    higher/lower, mainly as a result of foreign
                akibat keuntungan/kerugian penjabaran mata                       exchange gains/losses on the translation of
                uang atas aset neto dalam mata uang asing.                       the net assets denominated in foreign
                                                                                 currencies.

            c. Risiko kredit                                               c.    Credit risk

                Risiko kredit yang dihadapi oleh Grup berasal                    The Group is exposed to credit risk arising
                dari kredit yang diberikan kepada pelanggan                      from the credit granted to its customers and
                dan penempatan deposito di bank.                                 deposits placed in banks.

                Untuk mengurangi risiko ini, Grup memiliki                       To mitigate this risk, the Group has policies in
                kebijakan untuk memastikan bahwa seluruh                         place to ensure that all services provided are
                jasa hanya diberikan kepada pelanggan yang                       made only to creditworthy customers with
                dapat dipercaya dan terbukti mempunyai                           proven track record or good credit history. It
                catatan kredit yang baik. Ini merupakan                          is the Group’s policy that all customers who
                kebijakan Grup dimana semua pelanggan yang                       wish to trade on credit are subject to credit
                akan melakukan transaksi secara kredit harus                     verification procedures.
                melalui prosedur verifikasi kredit.

                Sebagai tambahan, saldo piutang usaha                            In addition, trade receivable balances are
                dipantau secara terus menerus untuk                              monitored on an ongoing basis to reduce the
                mengurangi kemungkinan piutang yang tidak                        exposure to bad debts.
                tertagih.

                Ketika pelanggan tidak mampu melakukan                           When a customer fails to make payment
                pembayaran dalam jangka waktu yang telah                         within the credit term granted, the Group
                diberikan, Grup akan menghubungi pelanggan                       contacts the customer to act on the overdue
                untuk menindaklanjuti piutang yang telah lewat                   receivable. If the customer does not settle the
                jatuh tempo. Jika pelanggan tidak melunasi                       overdue receivable within a reasonable time,
                piutang yang telah jatuh tempo dalam jangka                      the Group proceeds to commence legal
                waktu yang telah ditentukan, Grup akan                           proceedings. Depending on the Group’s
                menindaklanjuti     melalui    jalur   hukum.                    assessment, specific provisions may be
                Tergantung pada penilaian Grup, penyisihan                       made if the debt is deemed uncollectible. To
                khusus mungkin dibuat jika utang dianggap                        mitigate credit risk, the Group ceases to
                tidak tertagih. Untuk mengurangi risiko kredit,                  provide services to the customer in the event
                Grup akan menghentikan seluruh pelayanan                         of late payment and/or default.
                jasa    kepada      pelanggan     jika  terjadi
                keterlambatan dan/atau gagal bayar.

                Untuk mengurangi risiko gagal bayar bank atas                    To mitigate the default risk of banks on the
                penempatan deposito, Grup memiliki kebijakan                     Group’s deposits, the Group has policies to
                hanya akan menempatkan deposito pada bank                        place its funds only in banks with good
                yang memiliki reputasi yang baik.                                reputation.



                                                                  89

316   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 319
                                                                                            The original consolidated financial statements included herein are in
                                                                                                                                       the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                                       PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                                                As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                        For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                                            (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)


33. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                                  34. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                                        AND POLICIES (continued)

    c. Risiko kredit (lanjutan)                                                                      c. Credit risk (continued)

         Tabel di bawah ini menunjukkan risiko kredit                                                    The table below shows the maximum
         maksimum untuk komponen-komponen dari                                                           exposure to credit risk on the components of
         laporan posisi keuangan konsolidasian.                                                          the consolidated statement of financial
                                                                                                         position.

                                                       31 Desember 2025/                             31 Desember 2024/
                                                       December 31, 2025                             December 31, 2024

                                                 Nilai               Eksposur                  Nilai                Eksposur
                                               Tercatat/            Maksimum/                Tercatat/             Maksimum/
                                               Carrying              Maximum                 Carrying              Maximum
                                                Value                Exposure                 Value                 Exposure

         Kas dan setara kas                          744.559                  744.559            1.067.474                 1.067.474               Cash and cash equivalents
         Aset keuangan lancar lainnya                 51.264                   51.264               20.088                    20.088             Other current financial assets
         Investasi jangka pendek - neto              894.098                  894.098            1.294.476                 1.294.476              Short-term investments - net
         Piutang usaha - neto                        751.312                  751.312              543.758                   543.758                Trade receivables - net
         Piutang lain-lain                             6.937                    6.937               10.073                    10.073                       Other receivables
         Pinjaman karyawan                               442                      442                  636                       636                     Loan to employees
         Investasi pada instrumen utang              500.000                  500.000                    -                         -         Investment on debt instruments
         Investasi jangka panjang                  2.850.000                2.850.000            2.400.000                 2.400.000                Long-term investments
         Aset keuangan tidak
            lancar lainnya                               3.048                 3.048                   3.486                  3.486        Other non-current financial assets

         Total                                     5.801.660                5.801.660            5.339.991                 5.339.991                                     Total



   d.   Risiko likuiditas                                                                            d. Liquidity risk

         Grup mengelola profil likuiditasnya untuk dapat                                                 The Group manages its liquidity profile to be
         mendanai    pengeluaran        modalnya    dan                                                  able to finance its capital expenditure and
         membayar utang yang jatuh tempo dengan                                                          service its maturing debts by maintaining
         menjaga kecukupan kas dan ketersediaan                                                          sufficient cash and the availability of funding
         pendanaan melalui jumlah fasilitas kredit                                                       through an adequate amount of committed
         berkomitmen yang cukup.                                                                         credit facilities.

         Grup secara rutin mengevaluasi proyeksi arus                                                    The Group regularly evaluates its projected
         kas dan arus kas aktual dan terus menerus                                                       and actual cash flow information and
         menjaga kestabilan hari pembayaran utang                                                        continuously maintains its payables and
         dan penerimaan piutangnya.                                                                      receivables days’ stability.

         Tabel di bawah ini merupakan jadwal jatuh                                                       The table below summarizes the maturity
         tempo liabilitas keuangan Grup berdasarkan                                                      profile of the Group’s financial liabilities based
         pembayaran kontraktual semula yang tidak                                                        on original contractual undiscounted amounts
         didiskontokan:                                                                                  to be paid:
                                                                 31 Desember 2025/December 31, 2025

                                          < 1 tahun/         1 - 2 tahun/         2 - 5 tahun/            > 5 tahun/             Total/
                                           < 1 year          1 - 2 years          2 - 5 years             > 5 years              Total

         Utang usaha - pihak ketiga            820.497                   -                      -                      -            820.497       Trade payables - third parties
         Utang lain-lain - pihak ketiga         66.209                   -                      -                      -             66.209       Other payables - third parties
         Beban akrual                           85.684                   -                      -                      -             85.684                Accrued expenses
         Utang bank                          1.340.907           1.868.862              2.021.237              5.501.093         10.732.099                         Bank loans
         Utang pembiayaan                                                                                                                                 Consumer financing
            konsumen                               898                  52                       -                     -                   950                       payables
         Liabilitas sewa                         7.517              29.941                       -                     -                37.458                 Lease liabilities

         Total                               2.321.712           1.898.855              2.021.237              5.501.093         11.742.897                               Total

         Biaya transaksi yang belum                                                                                                                               Unamortized
           diamortisasi                                                                                                                (34.547)              transaction costs

         Total                                                                                                                   11.708.350                               Total




                                                                                90

 Laporan Tahunan 2025 Annual Report                                                                                           PT Indoritel Makmur Internasional Tbk                317
Page 320
                                                                                                           The original consolidated financial statements included herein are in
                                                                                                                                                      the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                                                               PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                                                        As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                                                    (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                                                          Unless Otherwise Stated)


      33. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                                           33. FINANCIAL RISK MANAGEMENT OBJECTIVES
          KEUANGAN (lanjutan)                                                                                 AND POLICIES (continued)

           d.   Risiko likuiditas (lanjutan)                                                                             d. Liquidity risk (continued)
                                                                                 31 Desember 2024/December 31, 2024

                                                      < 1 tahun/              1 - 2 tahun/        2 - 5 tahun/               > 5 tahun/           Total/
                                                       < 1 year               1 - 2 years         2 - 5 years                > 5 years            Total

                Utang usaha - pihak ketiga                 522.724                        -                   -                       -              522.724    Trade payables - third parties
                Utang lain-lain - pihak ketiga              52.557                        -                   -                       -               52.557    Other payables - third parties
                Beban akrual                                50.164                        -                   -                       -               50.164             Accrued expenses
                Utang bank                               1.273.735                1.444.419           4.341.357                 969.878            8.029.389                      Bank loans
                Utang pembiayaan                                                                                                                                        Consumer financing
                   konsumen                                  1.233                      951                      -                        -            2.184                       payables
                Liabilitas sewa                              8.909                   36.011                      -                        -           44.920                 Lease liabilities

                Total                                    1.909.322                1.481.381           4.341.357                 969.878            8.701.938                             Total

                Biaya transaksi yang belum                                                                                                                                       Unamortized
                  diamortisasi                                                                                                                       (29.329)               transaction costs

                Total                                                                                                                              8.672.609                             Total



           Perubahan Pada Liabilitas Yang Timbul Dari                                                                Changes In Liabilities Arising From Financing
           Aktivitas Pendanaan                                                                                       Activites
                                                                        Tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                                Year Ended December 31, 2025

                                                                                                   Amortisasi Biaya
                                        Saldo Awal/                                                  Transaksi/
                                         Beginning         Arus Kas/            Penambahan/        Amortisation of          Lain-lain/         Saldo Akhir/
                                          Balance         Cash Flows              Addition         Transaction Cost          Other            Ending Balance

                Utang bank                 6.316.659           708.762                        -           20.958                          -       7.046.379                        Bank loans
                Utang pembiayaan
                   konsumen                    2.184                (1.234)                  -                       -                 -                950     Consumer financing payables
                Liabilitas sewa               44.920               (10.050)              7.408                       -            (4.820)            37.458                  Lease liabilities

                Total liabilitas dari
                   aktivitas                                                                                                                                             Total liabilities from
                   pendanaan               6.363.763           697.478                   7.408            20.958                  (4.820)         7.084.787            financing activities



                                                                        Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                                Year Ended December 31, 2024

                                                                                                   Amortisasi Biaya
                                        Saldo Awal/                                                  Transaksi/
                                         Beginning         Arus Kas/            Penambahan/        Amortisation of          Lain-lain/         Saldo Akhir/
                                          Balance         Cash Flows              Addition         Transaction Cost          Other            Ending Balance

                Utang bank                 6.312.541                (9.567)                   -           13.685                          -       6.316.659                       Bank loans
                Utang uang muka                                                                                                                                                  Advance for
                   setoran modal             420.000           (420.000)                      -                      -                    -                -            shares subscription
                Utang pembiayaan
                   konsumen                    2.081                (1.271)              1.374                       -                 -              2.184     Consumer financing payables
                Liabilitas sewa               56.773               (10.323)              1.362                       -            (2.892)            44.920                  Lease liabilities

                Total liabilitas dari
                   aktivitas                                                                                                                                             Total liabilities from
                   pendanaan               6.791.395           (441.161)                 2.736            13.685                  (2.892)         6.363.763            financing activities



           Kolom “Lain-lain” mencakup bunga liabilitas sewa                                                          The “Others” column includes interest paid for lease
           yang dibayarkan sebagai arus kas dari aktivitas                                                           liabilities as cash flows from operating activities.
           operasi.




                                                                                              91

318   PT Indoritel Makmur Internasional Tbk                                                                                                   Laporan Tahunan 2025 Annual Report
Page 321
                                                                                The original consolidated financial statements included herein are in
                                                                                                                           the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                                    As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                                            For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)


34. NILAI WAJAR INSTRUMEN KEUANGAN                                             34. FAIR VALUES OF FINANCIAL INSTRUMENTS

   Instrumen keuangan yang disajikan di dalam                                         Financial     instruments     presented     in   the
   laporan posisi keuangan konsolidasian dicatat                                      consolidated statement of financial position are
   sebesar nilai wajar, atau disajikan dalam jumlah                                   carried at fair value, otherwise, they are presented
   tercatat baik karena jumlah tersebut mendekati nilai                               at carrying amounts as either these are
   wajarnya atau karena nilai wajarnya tidak dapat                                    reasonable approximation of fair values or their
   diukur secara andal.                                                               fair values cannot be reliably measured.

   Instrumen keuangan dengan nilai tercatat yang                                     Financial instruments with carrying amounts
   kurang lebih sebesar nilai wajarnya                                               that approximate their fair values

   Tabel berikut menyajikan nilai tercatat dan estimasi                              The following table sets out the carrying values
   nilai wajar dari instrumen keuangan Grup pada                                     and estimated fair values of the Group financial
   tanggal 31 Desember 2025 dan 2024:                                                instruments as of December 31, 2025 and 2024:
                                                 31 Desember 2025/                   31 Desember 2024/
                                                 December 31, 2025                   December 31, 2024

                                        Nilai Tercatat/     Nilai Wajar/       Nilai Tercatat/     Nilai Wajar/
                                        Carrying Value      Fair Value         Carrying Value      Fair Value

   Aset Keuangan                                                                                                                   Financial Assets
   Aset keuangan lancar lainnya                  51.264               51.264           20.088             20.088        Other current financial assets
   Investasi jangka pendek - neto               894.098              894.098        1.294.476          1.294.476         Short-term investments - net
   Piutang usaha - neto                         751.312              751.312          543.758            543.758              Trade receivables - net
   Piutang lain-lain                              6.937                6.937           10.073             10.073                   Other receivables
   Pinjaman karyawan                                442                  442              636                636                  Loan to employees
   Investasi pada instrumen utang               500.000              500.000                -                  -      Investment on debt instruments
   Aset keuangan tidak lancar lainnya             3.048                3.048            3.486              3.486    Other non-current financial assets

   Total                                      2.207.101         2.207.101           1.872.517          1.872.517                                Total


   Liabilitas Keuangan                                                                                                          Financial Liabilities
   Utang usaha - pihak ketiga                   820.497           820.497             522.724            522.724        Trade payables - third parties
   Utang lain-lain - pihak ketiga                66.209            66.209              52.557             52.557        Other payables - third parties
   Beban akrual                                  85.684            85.684              50.164             50.164                  Accrued expenses
   Utang bank                                 6.963.798         7.080.926           6.316.659          6.346.250                          Bank loans
   Utang pembiayaan konsumen                        950               950               2.184              2.184        Consumer financing payables
   Liabilitas sewa                               37.458            37.458              44.920             44.920                     Lease liabilities

   Total                                      7.974.596         8.091.724           6.989.208          7.018.799                                Total




                                                                       92

 Laporan Tahunan 2025 Annual Report                                                                       PT Indoritel Makmur Internasional Tbk          319
Page 322
                                                                       The original consolidated financial statements included herein are in
                                                                                                                  the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                             FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


      35. SEGMEN OPERASI                                               35. OPERATING SEGMENTS

           Pembuat keputusan dalam operasional adalah                       The chief operating decision-maker is the Board of
           direksi. Direksi melakukan penelaahan terhadap                   Directors. The Board reviews the Company’s
           pelaporan internal Perusahaan untuk menilai kinerja              internal reports in order to assess performance
           dan mengalokasikan sumber daya. Manajemen                        and allocate resources. Management monitors
           memantau dan menentukan operasi segmen                           and determined the operating segments based on
           berdasarkan         laporan         ini.     Direksi             these reports. The Board considers the business
           mempertimbangkan bisnis dari sudut pandang imbal                 from the return on invested capital perspective.
           hasil dari modal yang diinvestasikan. Total aset                 Total assets are managed centrally and are not
           dikelola    secara     tersentralisasi   dan   tidak             allocated. Group operates and manages the
           dialokasikan. Grup mengoperasikan dan mengelola                  business as a single segment which provides
           bisnis dalam satu segmen yang menyediakan                        optical fiber-based telecommunication data
           produk layanan sambungan data telekomunikasi                     connection services (Note 23).
           berbasis serat optik (Catatan 23).

      36. INFORMASI ARUS KAS TAMBAHAN                                  36. SUPPLEMENTARY                         CASH               FLOW
                                                                           INFORMATION

           Transaksi non-tunai yang signifikan :                            Significant non-cash transactions :
                                                      Tahun yang Berakhir pada
                                                        Tanggal 31 Desember/
                                                      Year Ended December 31

                                                       2025              2024

           Perolehan aset tetap melalui:                                                         Acquisition of fixed assets through:
              Utang usaha                                 633.694             293.334                              Trade payables
              Utang pembiayaan konsumen                         -               1.374              Consumer financing payables
           Perolehan aset hak-guna melalui:                                                       Acquisition of right-of-use assets
              melalui:                                                                                                     through:
              Liabilitas sewa                                 7.407              1.362                             Lease liabilities


      37. PERISTIWA SETELAH PERIODE PELAPORAN                          37. EVENTS AFTER REPORTING PERIOD

           Pada Februari 2026, Perusahaan melakukan                         On February 2026, the Company made additional
           penambahan penyertaan pada Atrium Stable Fund                    subscription of the Atrium Stable Fund VCC at a
           VCC dengan harga perolehan sejumlah Rp250.000                    total consideration of Rp250,000 which invested
           yang di investasikan oleh Fund terutama pada                     by the Fund primarily in non-speculative debt
           instrumen efek utang dan obligasi non-spekulatif.                securities and obligations.

           Berdasarkan Rapat Umum Pemegang Saham Luar                       Based on the Extraordinary General Meeting of
           Biasa     (RUPSLB)       Perusahaan      tertanggal              Shareholders    of      the    Company      dated
           14 Januari 2026, telah disetujui pemberian jaminan               January 14, 2026, it has been approved the pledge
           berupa pengikatan gadai atas surat utang milik                   of the Company’s bonds and the related Customer
           Perusahaan beserta Rekening Dana Nasabah                         Fund Accounts (RDN) as collateral for the
           (RDN) yang terkait dengan instrumen tersebut,                    Company’s term loan facility in PT Bank Mandiri
           sebagai jaminan atas fasilitas term loan yang                    (Persero) Tbk.
           diperoleh Perusahaan dari PT Bank Mandiri
           (Persero) Tbk.




                                                                  93

320   PT Indoritel Makmur Internasional Tbk                                                     Laporan Tahunan 2025 Annual Report
Page 323
                                                                 The original consolidated financial statements included herein are in
                                                                                                            the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


38. STANDAR    AKUNTANSI   YANG    TELAH                         38. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                             YET EFFECTIVE

   Standar akuntansi baru dan amandemen standar                        The new and amended standards that have been
   akuntansi yang telah diterbitkan sampai tanggal                     issued up to the date of issuance of the Group’s
   penerbitan laporan keuangan konsolidasian Grup                      consolidated financial statements, but not yet
   namun belum berlaku efektif diungkapkan berikut ini.                effective are disclosed below. The management
   Manajemen bermaksud untuk menerapkan standar-                       intends to adopt these standards that are
   standar tersebut yang dipertimbangkan relevan                       considered relevant to the Group when they
   terhadap Grup pada saat efektif, dan dampaknya                      become effective, and the impact to the
   terhadap posisi dan kinerja keuangan konsolidasian                  consolidated financial position and performance
   Grup     masih      diestimasi    pada     tanggal                  of the Group is still being estimated as of
   31 Desember 2025:                                                   December 31, 2025:

   Mulai efektif pada atau setelah tanggal 1 Januari                   Effective beginning on or after January 1, 2026
   2026

   Amendemen PSAK 109 and PSAK 107: Klasifikasi                        Amendments to PSAK 109 and PSAK 107:
   dan Pengukuran Instrument Keuangan                                  Classification and Measurement of Financial
                                                                       Instruments

   Amandemen tersebut mencakup klarifikasi atas                        The amendments includes a clarification that a
   suatu liabilitas keuangan dihentikan pengakuannya                   financial liability is derecognised on the
   pada “tanggal penyelesaian” serta memperkenalkan                    ‘settlement date’ and the introduction of an
   pilihan kebijakan akuntansi (apabila kondisi tertentu               accounting policy choice (if specific conditions are
   terpenuhi) untuk menghentikan pengakuan liabilitas                  met) to derecognise financial liabilities settled
   keuangan yang diselesaikan melalui sistem                           using an electronic payment system before the
   pembayaran         elektronik    sebelum      tanggal               settlement date. Further, additional guidance is
   penyelesaian. Selain itu, panduan tambahan                          added on how the contractual cash flows for
   ditambahkan mengenai bagaimana arus kas                             financial assets with environmental, social and
   kontraktual untuk aset keuangan dengan fitur                        corporate governance (ESG) and similar features
   lingkungan, sosial, dan tata kelola perusahaan                      should be assessed. The amendments also
   (ESG) serta fitur serupa harus dinilai. Amandemen                   clarifiies what constitute ‘non-recourse features’
   tersebut juga mengklarifikasi apa saja yang                         and what are the characteristics of contractually
   merupakan fitur non-recourse dan karakteristik                      linked instruments. The amendments also
   instrumen yang terkait secara kontraktual. Selain itu,              introduces of disclosures for financial instruments
   amandemen tersebut memperkenalkan persyaratan                       with contingent features and additional disclosure
   pengungkapan untuk instrumen keuangan dengan                        requirements for equity instruments classified at
   fitur kontinjensi serta persyaratan pengungkapan                    fair value through other comprehensive income
   tambahan       untuk     instrumen    ekuitas    yang               (OCI).
   diklasifikasikan pada nilai wajar melalui penghasilan
   komprehensif lain (OCI).

   Amandemen tersebut berlaku efektif untuk periode                    The Amendments are effective for annual periods
   tahunan yang dimulai pada atau setelah 1 Januari                    starting on or after January 1, 2026 with early
   2026, dengan penerapan dini diperkenankan hanya                     adoption permitted for classification of financial
   untuk klasifikasi aset keuangan dan pengungkapan                    assets and related disclosures only. The Group
   terkait. Grup tidak memperkirakan bahwa                             does not anticipate that the amendments will have
   amandemen tersebut akan memberikan dampak                           a material effect on the Group’s financial
   material terhadap laporan keuangan Grup.                            statements.




                                                            94

 Laporan Tahunan 2025 Annual Report                                                        PT Indoritel Makmur Internasional Tbk         321
Page 324
                                                                        The original consolidated financial statements included herein are in
                                                                                                                   the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                            PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                              FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                     As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                             For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                                 (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


      38. STANDAR    AKUNTANSI   YANG   TELAH                           38. ACCOUNTING STANDARDS ISSUED BUT NOT
          DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                              YET EFFECTIVE (continued)
          (lanjutan)

           Mulai efektif pada atau setelah tanggal 1 Januari                  Effective beginning on or after January 1, 2026
           2026 (lanjutan)                                                    (continued)

           Amendemen PSAK 109 and PSAK 107: Kontra yang                       Amendments to PSAK 109 and PSAK 107:
           Mengacu Pada Listrik Bergantung Alam (lanjutan)                    Contracts       Referencing Nature-dependent
                                                                              Electricity (continued)

           Amandemen tersebut mengklarifikasi penerapan                       The amendments clarify the application of the
           persyaratan own-use untuk kontrak yang berada                      ‘own-use’ requirements for in-scope contracts,
           dalam ruang lingkup, mengubah persyaratan                          amend the designation requirements for a hedged
           penetapan (designation) atas item yang dilindungi                  item in a cash flow hedging relationship for in-
           dalam hubungan lindung nilai arus kas untuk                        scope contracts, and add new disclosure
           kontrak-kontrak tersebut, serta menambahkan                        requirements to enable investors to understand
           persyaratan     pengungkapan      baru      untuk                  the effect of these contracts on a company’s
           memungkinkan investor memahami dampak kontrak                      financial performance and cash flows.
           tersebut terhadap kinerja keuangan dan arus kas
           perusahaan.

           Amandemen tersebut berlaku efektif untuk periode                   The Amendments are effective for annual periods
           tahunan yang dimulai pada atau setelah 1 Januari                   starting on or after January 1, 2026 with early
           2026, dengan penerapan dini diperkenankan hanya                    adoption permitted for classification of financial
           untuk klasifikasi aset keuangan dan pengungkapan                   assets and related disclosures only. The Group
           terkait. Grup tidak memperkirakan bahwa                            does not anticipate that the amendments will have
           amandemen tersebut akan memberikan dampak                          a material effect on the Group’s financial
           material terhadap laporan keuangan Grup.                           statements.

           PSAK 338: Kombinasi Bisnis Entitas Sepengendali                    PSAK 338: Business Combination                           under
           (Revisi 2025)                                                      Common Control (2025 Revision)

          Pada Oktober 2025, DSAK IAI mengesahkan revisi                      On October 2025, DSAK IAI issued revisions to
          atas PSAK 338: Kombinasi             Bisnis Entitas                 PSAK 338: Business Combinations of Entities
          Sepengendali. Revisi ini mencakup ruang lingkup                     Under Common Control. The revisions cover the
          dan penerapan dari metode penyatuan kepemilikan                     scope and application of the pooling of interest
          (pooling of interest) dan pelepasan di ekuitas                      method and disposal in equity as the accounting
          (disposal in equity) sebagai konsep akuntansi yang                  concepts used in PSAK 338. The key changes
          digunakan dalam PSAK 338. Perubahan utama                           include the exclusion of investment entities from
          mencakup pengecualian entitas investasi dari ruang                  the scope of PSAK 338, as well as the addition of
          lingkup PSAK 338, serta tambahan definisi bisnis                    definitions for transferred business, receiving
          alihan, entitas penerima, dan entitas pengalih. Revisi              entity, and transferring entity. The revision also
          ini juga mencakup rujukan jumlah tercatat bisnis                    includes references to the carrying amount of the
          alihan dan penyajian informasi prakombinasi bisnis                  transferred business and the presentation of
          ketika terjadi ketidakpraktisan dalam penerapan                     pre-combination information when applying the
          metode penyatuan kepemilikan. Revisi ini berlaku                    pooling of interest method is impracticable. The
          efektif 1 Januari 2026 dengan opsi penerapan dini.                  revision is effective on January 1, 2026 with early
                                                                              adoption permitted.




                                                                   95

322   PT Indoritel Makmur Internasional Tbk                                                      Laporan Tahunan 2025 Annual Report
Page 325
                                                                The original consolidated financial statements included herein are in
                                                                                                           the Indonesian language.

 PT INDORITEL MAKMUR INTERNASIONAL Tbk                           PT INDORITEL MAKMUR INTERNASIONAL Tbk
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan                                    As of December 31, 2025 and
Untuk Tahun yang Berakhir pada Tanggal Tersebut                            For the Year then Ended
        (Disajikan dalam Jutaan Rupiah,                                (Expressed in Millions of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


38. STANDAR    AKUNTANSI   YANG   TELAH                         38. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                            YET EFFECTIVE (continued)
    (lanjutan)

   Mulai efektif pada atau setelah tanggal 1 Januari                  Effective beginning on or after January 1, 2026
   2026 (lanjutan)                                                    (continued)

   PSAK 338: Kombinasi Bisnis Entitas Sepengendali                    PSAK 338: Business Combination under
   (Revisi 2025) (lanjutan)                                           Common Control (2025 Revision) (continued)

   Grup tidak memperkirakan bahwa amandemen                           The Group does not anticipate that the
   tersebut akan memberikan dampak material                           amendments will have a material effect on the
   terhadap laporan keuangan Grup.                                    Group’s financial statements.

   Penyesuaian tahunan 2024                                           Annual Improvements 2024

   DSAK IAI menerbitkan Penyesuaian Tahunan 2024                      The DSAK IAI issued Annual Improvements 2024
   SAK Indonesia, yang mencakup klarifikasi,                          to SAK Indonesia, which include clarifications,
   penyederhanaan, koreksi, atau perubahan untuk                      simplifications, corrections or changes to improve
   meningkatkan konsistensi dalam PSAK 107                            consistency in, PSAK 107 Financial instruments:
   Instrumen Keuangan: Pengungkapan, PSAK 109                         Disclosure, PSAK 109 Financial Instruments,
   Instrumen Keuangan, PSAK 110 Laporan Keuangan                      PSAK 110 Consolidated Financial Statements
   Konsolidasian, dan PSAK 207 Laporan Arus Kas.                      and PSAK 207 Statements of Cash Flows. The
   Amandemen tersebut akan berlaku efektif untuk                      amendments will be effective for reporting periods
   periode pelaporan yang dimulai pada atau setelah                   beginning on or after January 1, 2026. Earlier
   1    Januari   2026.   Penerapan    lebih   awal                   application is permitted and must be disclosed.
   diperkenankan      dan    harus    diungkapkan.                    The amendments are not expected to have a
   Amandemen        tersebut    tidak    diharapkan                   material impact on the Group’s financial
   menimbulkan dampak material terhadap laporan                       statements.
   keuangan Grup.

   Mulai efektif pada atau setelah tanggal 1 Januari                  Effective beginning on or after January 1, 2027
   2027

   PSAK 118: Penyajian dan Pengungkapan dalam                         PSAK 118: Presentation and Disclosure in
   Laporan Keuangan                                                   Financial Statements

   PSAK 118 akan menggantikan PSAK 201. Standar                       PSAK 118 will replace PSAK 201. The new
   baru ini memperkenalkan persyaratan baru terkait                   standard introduces new requirements for
   penyajian dalam laporan laba rugi, termasuk total                  presentation within the statement of profit or loss,
   dan subtotal tertentu. Selain itu, entitas diwajibkan              including specified totals and subtotals.
   untuk mengklasifikasikan seluruh pendapatan dan                    Furthermore, entities are required to classify all
   beban dalam laporan laba rugi ke dalam salah satu                  income and expenses within the statement of
   dari lima kategori: operasi, investasi, pendanaan,                 profit or loss into one of five categories: operating,
   pajak penghasilan, dan operasi yang dihentikan.                    investing,      financing,    income     taxes    and
                                                                      discontinued operations.




                                                           96

 Laporan Tahunan 2025 Annual Report                                                       PT Indoritel Makmur Internasional Tbk         323
Page 326
                                                                      The original consolidated financial statements included herein are in
                                                                                                                 the Indonesian language.

        PT INDORITEL MAKMUR INTERNASIONAL Tbk                          PT INDORITEL MAKMUR INTERNASIONAL Tbk
                   DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                       KONSOLIDASIAN                                            FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan                                   As of December 31, 2025 and
       Untuk Tahun yang Berakhir pada Tanggal Tersebut                           For the Year then Ended
               (Disajikan dalam Jutaan Rupiah,                               (Expressed in Millions of Rupiah,
                   Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


      38. STANDAR    AKUNTANSI   YANG   TELAH                         38. ACCOUNTING STANDARDS ISSUED BUT NOT
          DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                            YET EFFECTIVE (continued)
          (lanjutan)

           Mulai efektif pada atau setelah tanggal 1 Januari                Effective beginning on or after January 1, 2027
           2027 (lanjutan)                                                  (continued)

           PSAK 118: Penyajian dan Pengungkapan dalam                       PSAK 118: Presentation and Disclosure in
           Laporan Keuangan (lanjutan)                                      Financial Statements (continued)

           Standar ini juga mensyaratkan pengungkapan                       The standard requires disclosure of newly defined
           ukuran kinerja yang didefinisikan manajemen,                     management-defined performance measures,
           subtotal pendapatan dan beban, serta mencakup                    subtotals of income and expenses, and it also
           persyaratan baru terkait agregasi dan disagregasi                includes new requirements for aggregation and
           informasi keuangan                                               disaggregation of financial information.

           PSAK 118 berlaku efektif untuk periode pelaporan                 PSAK 118 are effective for reporting periods
           yang dimulai pada atau setelah 1 Januari 2027,                   beginning on or after January 1, 2027, but earlier
           dengan penerapan dini diperkenankan dan harus                    application is permitted and must be disclosed.
           diungkapkan. PSAK 118 akan diterapkan secara                     PSAK 118 will apply retrospectively.
           retrospektif.

           Grup saat ini sedang mengidentifikasi seluruh                    The Group is currently working to identify all
           dampak yang akan timbul atas laporan keuangan                    impacts the amendments will have on the primary
           utama dan catatan atas laporan keuangan terkait                  financial statements and notes to the financial
           implementasi amandemen tersebut.                                 statements.

           PSAK 119: Entitas Anak Tanpa Akuntabilitas Publik                PSAK 119: Subsidiaries                    without       Public
           - Pengungkapan                                                   Accountability - Disclosures

           Standar baru tersebut memungkinkan entitas yang                  The new standard allows eligible entities to elect
           memenuhi syarat untuk memilih menerapkan                         to apply its reduced disclosure requirements and
           pengungkapan yang lebih singkat dan tetap                        still applying the recognition, measurement and
           menerapkan persyaratan pengakuan, pengukuran,                    presentation requirements in other accounting
           dan penyajian dalam standar akuntansi lainnya.                   standards. To be eligible, at the end of the
           Untuk memenuhi syarat, pada akhir periode                        reporting period, an entity must be a subsidiary as
           pelaporan, entitas harus merupakan entitas anak                  defined in PSAK 110, cannot have public
           sebagaimana didefinisikan dalam PSAK 110, tidak                  accountability and must have a parent (ultimate or
           memiliki akuntabilitas publik, dan memiliki entitas              intermediate) that prepares consolidated financial
           induk (baik entitas induk akhir atau entitas induk               statements, available for public use, which comply
           perantara) yang menyusun laporan keuangan                        with SAK Indonesia, SAK Internasional or IFRS
           konsolidasian yang tersedia untuk penggunaan                     accounting standards.
           publik dan sesuai dengan standar akuntansi
           keuangan SAK Indonesia, SAK Internasional atau
           IFRS accounting standards.

           PSAK 119 akan berlaku efektif untuk periode                      PSAK 119 will become effective for reporting
           pelaporan yang dimulai pada atau setelah 1 Januari               periods beginning on or after January 1, 2027,
           2027, dengan penerapan dini diperkenankan. Grup                  with early application permitted. The Group
           memperkirakan bahwa standar baru tersebut tidak                  anticipates that the new standard will have no
           akan memberikan dampak material terhadap                         material effect on the Group’s financial
           laporan keuangan Grup.                                           statements.




                                                                 97

324   PT Indoritel Makmur Internasional Tbk                                                    Laporan Tahunan 2025 Annual Report
Page 327

          
Page 328
2025
L A P O R A N TA H U N A N
Annual Report




Strength in
Challenges
Tangguh di Tengah Tantangan




PT INDORITEL MAKMUR INTERNASIONAL TBK


kantor pusat

Wisma Indocement Lt. 10
Jl. Jendral Sudirman Kav. 70-71
Jakarta 12910


kontak   | contacts
Telp     : +62 21 2941709
Fax      : +62 21 2941701
E-mail : corporatesecretary@indoritel.co.id

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Names mentioned 176 people and organisations named in the text · linked when the evidence is strong

linked org Indoritel Makmur Internasional Tbk p.1 ×368
linked org Fast Food Indonesia Tbk p.9 ×17
linked org Nippon Indosari Corpindo Tbk p.9 ×16
linked org PT Indoritel Makmur p.17 ×3
linked org Gelael Pratama p.17
linked — Ooredoo Hutchison p.18 ×3
linked org FORTUNE Indonesia p.19 ×2
linked org JAKARTA SELATAN, DKI JAKARTA p.21 ×3
linked person Adi Pranoto Leman · Komisaris Independen p.38 ×8
linked org Hannawell Group p.43 ×4
linked org PT Megah Eraraharja p.43 ×12
linked org Pantai Indah Kapuk p.51 ×4
linked person Denny Susilo p.52
linked org PT Indo Tambangraya p.60 ×3
linked org Indo Tambangraya Megah Tbk p.60 ×7
linked org PT AKR Corporindo p.60
linked org Pantai Indah Kapuk Dua Tbk p.60 ×8
linked org PT Indofood CBP Sukses Makmur p.64 ×5
linked org HM Sampoerna Tbk p.65 ×9
linked org PT Bank Ina Perdana p.65 ×3
linked org Bank Bumi Arta Tbk p.65 ×2
linked org Nippon Indosari p.74 ×2
linked org Bank Mandiri (Persero) Tbk. p.118 ×11
possible org Otoritas Jasa Keuangan p.5 ×3
possible — Demeter Indo p.17 ×4
possible person Djisman Simandjuntak · Presiden Komisaris p.24 ×13
possible person Dr. Timotius · Komisaris Independen p.38 ×6
possible person Soedarsono · Komisaris p.55 ×3
possible org Prismatama Tbk p.60
possible org Nusantara p.75
possible person Agung Sedayu p.78 ×2
possible org Purwanto p.85
possible org Bursa Efek Indonesia p.85 ×3
possible org Fast Food Indonesia Indonesia Tbk p.92 ×2
possible org Bank Negara Indonesia (Persero) Tbk p.119 ×2
unresolved org PT Mega Akses Persada p.9 ×20
unresolved org PT Indomarco Prismatama p.9 ×6
unresolved org PT Garuda p.16
unresolved org PT Garuda Sepak Bola Indonesia p.16
unresolved org Pte. Ltd. p.17
unresolved org Demeter Indo Holdings Pte. Ltd. Ltd. p.17 ×2
unresolved org PT Jagonya Ayam Indonesia. On p.17
unresolved org PT Jagonya Ayam Indonesia. p.17 ×3
unresolved org PT Shankara Fortuna Nusantara p.17
unresolved org PT Gelael p.17
unresolved org Internasional Tbk p.17 ×2
unresolved org PT Shankara Fortuna p.17
unresolved org PT Gelael Pratama Nusantara p.17
unresolved org Pemerintah Kota Bandung p.18 ×2
unresolved org NQA Certification Limited p.21
unresolved org PT MEGA AKSES PERSADA Carried p.21 ×2
unresolved org Pusat Statistik p.31
unresolved org Indosat Ooredoo Hutchison Tbk p.34 ×4
unresolved org PT Javasari Mitra Prima p.34 ×2
unresolved org Indonesia Stock Exchange p.43 ×2
unresolved org Komposisi Pemegang Saham Shareholders Composition Hannawell Group Limited p.43
unresolved org Dyviacom Intrabumi Tbk p.44 ×9
unresolved org PT Indomarco p.45 ×9
unresolved org PT Nippon Indosari Corpindo Prismatama p.45
unresolved org Fastfood Indonesia Tbk p.45 ×5
unresolved org PT Mega p.45 ×2
unresolved org PT Philadel Terra Lestari p.46 ×2
unresolved org PT Mega Akses Persada Cyber p.50
unresolved person H. R. Rasuna Said p.50 ×3
unresolved org PT Indomarco Prismatama Menara Indomaret p.51
unresolved person Dr. Timotius Simandjuntak p.52
unresolved person Ferry Noviar Yosaputra · Komisaris p.55 ×11
unresolved person Janimiranti Inggawati · Komisaris Independen p.55 ×3
unresolved person Haliman Kustedjo · Presiden Direktur p.55 ×6
unresolved person Christian Rahardi · Direktur p.55 ×3
unresolved person Kiki Yanto Gunawan · Direktur p.55 ×3
unresolved person Harjono Wreksoremboko · Direktur p.55 ×3
unresolved org Yayasan Prasetiya Mulya p.60 ×2
unresolved org PT Asuransi MSIG Indonesia p.60
unresolved org PT Asuransi MSIG p.60 ×2
unresolved org Megah Tbk p.60 ×2
unresolved org Indo Megah Tbk p.60 ×2
unresolved org Tambangraya Megah Tbk p.60
unresolved org PT AKR p.60
unresolved org AKR 2020) | Corporindo p.60
unresolved org Pantai Tbk p.60 ×2
unresolved org Indah Kapuk Dua Tbk p.60
unresolved org Kantor Akuntan Publik Darmawan p.61
unresolved org PT Dharma Niaga p.61
unresolved org PT Dharma p.61
unresolved org PT Indomarco Adi Prima p.61 ×6
unresolved org PT Indomarco Perdana p.61 ×5
unresolved org PT Indomaret p.61
unresolved org PT Indonusa Telemedia p.62
unresolved org PT Indonusa Telemedia Career History p.62
unresolved org PT Matahari Lintas Cakrawala p.62 ×2
unresolved org PT Media Citra Indostar p.62 ×2
unresolved org PT Indofinance Perkasa p.62 ×2
unresolved org PT Sebuku Iron Lateritic Ores p.62
unresolved org PT Sebuku Iron Lateritic Ores Concurrent Positions p.62
unresolved org PT Ithaca Resources p.62 ×2
unresolved org PT Adidaya Tangguh p.62 ×2
unresolved org PT Bintani Megahindah p.62 ×2
unresolved org PT Anugerah Bangun Makmur p.62
unresolved org PT Anugerah Bangun p.62
unresolved org PT Kayu Lapis Asli Murni p.63 ×2
unresolved person Independensi · Komisaris Independen p.63 ×3
unresolved org PT Indofood CBP Sukses p.64 ×5
unresolved org Makmur Tbk p.64 ×3
unresolved org PT Pantai Indah p.64
unresolved org Kapuk Dua Tbk p.64
unresolved org PT Prabu Pura p.65
unresolved org PT Prabu Pura Motor p.65
unresolved org PT Prima Palm Indah p.65 ×2
unresolved org PT Moritas Agrobi p.65 ×2
unresolved org PT Suprawira Finance p.65 ×2
unresolved org PT Kharisma Valas Indonesia p.65 ×2
unresolved org Risk Monitoring Committee Arta Tbk p.65
unresolved org PT Salim Invomas Pratama p.65
unresolved org Salim Invomas Tbk p.65 ×2
unresolved org Pratama Tbk p.65
unresolved org PT Industri Jamu p.65 ×2
unresolved org Farmasi Muncul Tbk p.65
unresolved org Sido Muncul Tbk p.65
unresolved org PT Inti Salim p.66
unresolved org PT Inti Salim Career History p.66
unresolved org PT Indomarco Adi p.66
unresolved person Rangkap · Direktur p.66
unresolved org PT Indomarco Adi Prima Career History p.67
unresolved org PT Panjang Career History p.68
unresolved org PT Panjang Jiwo p.68
unresolved org PT Multinational Finance p.69
unresolved org PT Multinational Finance Career History p.69
unresolved org Manajer Schroders Merchant Bankers Limited p.69
unresolved org Schroders Merchant Bankers Limited p.69
unresolved org Departemen Riset Ekuitas Indonesia p.69
unresolved org PT Farmindo Adijaya Persada p.69
unresolved org PT Farmindo Adijaya p.69
unresolved org PT Sampoerna Strategic p.69 ×2
unresolved org Ministry of Law and Human Rights p.73
unresolved org Kementerian Hukum dan Hak Asasi p.73
unresolved person Anthoni p.73
unresolved person Anthoni Salim. PT Elang Saktiprabawa p.73 ×5
unresolved org PT Elang Saktiprabawa p.73
unresolved org PT Zamrud Indah Persada p.73
unresolved org PT Megah Eraraharja Pemegang Saham Pengendali Controlling Shareholder p.73
unresolved org PT Indoritel Persada p.74 ×2
unresolved org PT Nippon Indosari Prismatama Nusantara p.74
unresolved org Corpindo Tbk p.74
unresolved org Fiberstar Pte. Ltd. p.74 ×5
unresolved org PT Jaringan Mega Sedayu p.74 ×4
unresolved org PT Teknologi Mega Sedayu p.74 ×6
unresolved — Ventura Bersama p.74
unresolved — (“MAP/FiberStar”) p.75
unresolved — netralitas p.75
unresolved org Beroperasi Tbk p.76
unresolved org Beroperasi Corpindo Tbk p.76
unresolved org PT Jaringan Mega p.76
unresolved org PT Teknologi Mega p.76
unresolved person Wiwik Condro p.77
unresolved person Condro p.77
unresolved org PT Prima Teknologi Investama p.78 ×2
unresolved org PT Mega Akses p.78 ×2
unresolved org Fiberstar Pte. Ltd Fiberstar Pte. Ltd. p.78
unresolved org Purwanto Susanti p.85 ×2
unresolved org Young Global Limited p.85 ×7
unresolved org PT Kustodian Sentral Efek Indonesia p.86
unresolved org PT Raya Saham Registra Name p.86
unresolved person Deni Thanur p.86 ×3
unresolved org PT Indomarco Indomarco Prismatama p.92
unresolved org PT Fast Food p.92
unresolved org PT Raya Saham Registra Perhitungan Suara p.115 ×2
unresolved person Notary · Notaris p.115 ×3
unresolved org Financial Services Authority p.116 ×3
unresolved org PT Mega Akses Persada Akses Persada p.119
unresolved org Negara Indonesia (Persero) Tbk p.119
unresolved person Piagam · Komisaris p.120
unresolved person Manual · Komisaris p.120
unresolved — Djisman p.122
unresolved — Simandjuntak p.122
unresolved org Yayasan Pendidikan Internal Internal Auditors p.122

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